11-09-2020 Council Packet - Laserfiche WebLink

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b. A partial release, of a multi-item escrow, will be charged a $75.00 non-refundable administrative fee. RIGHT-OF-WAY MANAGEMENT Excavation Permit Fees 125.00$ 70.00$ /100 Lineal Feet Plus Hole Fee Obstruction Permit Fee 50.00$ Plus $0.05/ Lineal Foot Permit Extension Fee Includes administration, recording & review 55.00$ Delay Penalty 60.00$ Degradation Fee Degradation Fee Formula: Degradation Fee: UTILITY FEES Sewer Utility Rates Water Utility Rates Late Penalty 10% of Unpaid Balance, Assessed Quarterly The title company or lending institution can hold the escrow upon execution of an agreement signed by both the title company or lending institution and the City. Hole (includes administration, plan review, inspection, testing and mapping) Trench (includes administration, plan review, inspection, testing & mapping) Includes administration, recording, review & inspection For up to three days of non-completion and non- prior notice before specified date. After three days an additional charter of $10.00 per day will be levied. To be considered by separate Ordinance, No. 11-13 This formula covers degradation for depreciation caused by intrusion into the right-of- way. The depreciation applies to the original surface of the right-of-way and to the overlays and seal-coats applied to the surface. The formula includes life expectancy schedules for each and has an estimated cost per square yard based on the quality of the right-of-way surface required for different levels of traffic. This formula creates a degradation fee which is determined by the cost per square yard for street, overlay, and seal-coat, multiplied by the depreciation schedule, multiplied by the area of the street patch. (cost per square yard for street overlay and seal-coat x depreciation schedule rates) x area of street patch = degradation fee To be considered by separate Ordinance, No. 11-13