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Watermark 4th Addition <br />Development Agreement <br />April 12, 2021 <br /> page 8 <br />Watermark 4th Addition <br />Total # Units = 91 <br />x Park Dedication Fee $3,160 <br />= Cash in Lieu Value $287,560 <br />- Land dedication value (Outlot C, Watermark <br />4th) ($207,000) <br />- Trail Construction Costs ($120,000) <br />TOTAL CASH FEE DUE = ($39,440) <br /> <br />There are 348 remaining lots to be platted. The negative cash balance will be <br />carried over and credited against park dedication fees collected with the next <br />phase of development. <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 $8/month/light. After <br />that the City will assume the costs. <br />c. GIS Mapping Fees <br />d. Trunk Sewer Connection Fees <br />The City established trunk utility connection fees to uniformly distribute the <br />costs of public trunk sanitary sewer infrastructure. The Trunk Utility Connection <br />Fee consists of two components; a Trunk Charge and an Availability Charge. <br /> <br />Trunk Charge <br /> <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. <br /> <br />Sanitary Sewer $1,630.00 Per Unit <br /> <br />Availability Charge <br />