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NorthPointe 5th Addition <br />Development Agreement <br />April 24, 2017 <br /> page 6 <br />the payment of all costs incurred by the City related to the development of the <br />Subdivision including, but not limited to, the following (See Attachment C for <br />breakdown of costs): <br />i. Administration - 3% of Developer [CITY] Improvement Costs <br />ii. City Engineering <br />iii. Street lighting installation (by utility company) <br />iv. Traffic signing improvements <br />v. Boulevard tree planting <br />vi. Street, storm sewer and pond maintenance <br />vii. Property Taxes. Should the recording of the Final Plat occur after July 1st, <br />any and all property taxes on any public property dedicated as a part of <br />this plat shall be the responsibility of the Developer. <br />b. If the above escrow amounts are insufficient, the Developer shall make such <br />additional deposits as required by the City. The City shall have a right to <br />reimburse itself from the Escrow upon notice to the Developer, with suitable <br />documentation supporting the charges. <br />16. Developer Fees. At the time of execution of this Agreement, the Developer shall pay <br />the following fees related to the development of the Subdivision (See Attachment C for <br />breakdown of costs): <br />a. Park Dedication <br />The City will require a combination of land dedication and cash in lieu of land for the <br />entire NorthPointe development. Outlot D of NorthPointe 4th Addition was dedicated <br />to the City for parkland and the negative cash balance carried over is $37,250. <br /> <br />NorthPointe 5th Addition <br />Total #of Lots = 39 <br />x Park Dedication fee $2,575 <br />= Cash in Lieu Value $100,425