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NorthPointe 4th Addition <br />Development Agreement <br />July 11, 2016 <br /> page 7 <br />Net acres of land dedication 4.59 <br />x per acre market value $25,000 <br />= Value of Land Dedication $114,750 <br /> <br />Cash in lieu total $77,500 <br />-Value of Land Dedication ($114,750) <br />= Cash in lieu balance ($37,250) <br /> <br />b. The Developer shall pay 15 months of maintenance and energy costs for street <br />lights installed within the Subject Property at the rate of $7/month/light. After <br />that the City will assume the costs. <br />c. Sealcoating. The Developer will pay the cost of sealcoating the streets within <br />the development at a cost of $17,375. The sealcoating will be completed within <br />three to seven years following completion of the wear course placement. <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 Attachment C. <br />f. Trunk Water Unit Charges <br />The City established trunk unit charges to uniformly distribute the costs of public <br />trunk water infrastructure. Each individual connection to the water system shall <br />be charged a unit charge per SAC unit (currently at $4,069 per SAC unit). The <br />calculation of the SAC units shall be based on the procedure outlined in the <br />Metropolitan Council Environmental Services Sewer Availability Charge <br />Procedure Manual. An estimate of the total charge and the trunk utility credit <br />for developer installed trunk oversizing is specified in Attachment C.