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09-10-2018 Council Meeting Packet
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09-10-2018 Council Meeting Packet
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City Council
Council Document Type
Council Packet
Meeting Date
09/10/2018
Council Meeting Type
Regular
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Lino Lakes Storage Site Performance Agreement page 2 of 10 <br /> <br />Such improvements shall be completed in accordance with Section IV <br />herein. <br /> <br />B. Cost Estimates. The Developer shall provide the City with a written <br />estimate of all applicable costs of the On-Site Work, itemized by type; the <br />estimates shall be based upon the actual estimates provided by the <br />contractors who are to do the Work. Said cost estimates shall be reviewed <br />by the City, and the City shall establish the actual amount of the financial <br />guarantee. The description and estimated cost of Developer's On-site <br />Work are as follows: <br /> <br /> Description of Improvements Estimated Costs <br /> <br />1. General $ 17,500.00 <br />2. Fences / Screen Structures $ 34,217.00 <br />3. Site Demolition $ 16,431.80 <br />4. Storm Drainage Systems / Sewers / Catch <br />Basins / Culverts / Swales / Watermain <br />$ 36,670.00 <br />5. Erosion Control $ 5,624.00 <br />6. Driveway / Curb cut / Parking Lot / Fire Lane $144,791.00 <br />7. Site Grading $ 88,360.00 <br />8. Landscaping $ 48,000.00 <br />9. Lighting $ 16,000.00 <br />10. Contingency $ 51,539.07 <br /> Total Estimated Cost of Developer <br />Improvements <br /> <br />$459,132.87 <br /> Security Requirement (Total * 35%) $160,696.50 <br /> <br />III. DEVELOPER FEES <br /> <br />A. Trunk Sanitary Sewer Connection Fees <br />The City established trunk utility connection fees to uniformly distribute <br />the costs of public trunk sanitary sewer infrastructure. The Trunk Utility <br />Connection Fee consists of two components; a Trunk Charge and an <br />Availability Charge. <br /> <br />Trunk Charge <br /> <br />The trunk charge shall be paid at the time of subdivision approval or at the <br />time of hook-up, whichever is first. The Sanitary Sewer Trunk Charge is <br />$1,505.00 per unit. Commercial/Industrial/Institutional (CII) trunk charges <br />are based on a factor of 2.92 units per acre.
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