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Main Street Shoppes 2nd Addition <br />Development Agreement <br />February 11, 2019 <br />g• <br />The trunk charge shall be paid at the time of subdivision approval or at the time of <br />hook-up, whichever is first. Residential trunk charges are based on one unit per <br />dwelling unit. Commercial/Industrial/Institutional (CII) trunk charges are based on <br />a factor of 2.92 units per acre. <br />Water $2,259.00 Per Unit <br />Availability Charge <br />For residential properties, the availability charge shall be paid at the time of <br />subdivision approval or at the time of hook-up, whichever is first. <br />Commercial/Industrial/Institutional availability charges shall be paid at the time <br />of building permit. Fees are based on the number of sanitary access charge <br />(SAC) units assigned by Metropolitan Council Environmental Services (MCES). <br />Residential uses shall be assigned one unit per dwelling unit unless otherwise <br />noted by MCES. <br />City Water (CWAC) $1,421.00 Per SAC Unit <br />An estimate of the total charge and the trunk utility c redit for developer <br />installed trunk oversizing is specified in Exhibit C. <br />Surface Water Management Area Charges <br />The City established a trunk area charge to uniformly distribute the costs of <br />public trunk surface water infrastructure and water quality improvements. The <br />Surface Water Management Charge shall be based on developable acreage, in <br />the amount specified in Exhibit C. <br />17. Assessment of Charges and Waiver of Rights. <br />a. In consideration of the construction of City Improvements listed in Paragraph 8 <br />and /or provision of sewer, water and storm water services, the Developer <br />agrees that the costs of City Improvements together with Trunk Sewer Unit <br />Charge, Trunk Water Unit Charge and the Surface Water Management Area <br />Charge (collectively, "the Charges") may be assessed against the Subdivision <br />parcels. The Developer hereby waives any and all procedural and substantive <br />objections to the special assessments, including notice and hearing <br />requirements, any claim that the assessments exceed the benefit to the <br />properties, and any right to appeal. <br />b. Unless the Developer pays the entire balance owed for the Charges <br />contemporaneously with the execution of this Agreement, the Developer shall <br />page 8 <br />