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Century Farm North 7th Addition <br />Development Agreement <br />October 9, 2017 <br /> page 6 <br />i. Administration - 3% of Developer 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 1 st, <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 Exhibit C for <br />breakdown of costs): <br />a. Park Dedication – No fees required. Paid with the original development. <br />b. Street Lights – None required, paid with the original development. <br />c. Sealcoating - Not required, paid with the original development. <br />d. Aerial Photo Fees <br />e. Trunk Sewer Unit Charges <br />The City established trunk unit charges to uniformly distribute the costs of public <br />trunk sanitary sewer infrastructure. Each individual connection to the sanitary <br />sewer system shall be charged a unit charge per SAC unit (currently at $3,073 <br />per SAC unit). The calculation of the SAC units shall be based on the procedure <br />outlined in the Metropolitan Council Environmental Services Sewer Availability <br />Charge Procedure Manual. Trunk sewer unit charges addressed under this <br />paragraph are in addition to any SAC charges imposed by Metropolitan Council <br />Environmental Services. An estimate of the total charge and the trunk utility <br />credit for developer installed trunk oversizing is specified in Exhibit C.