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NorthPointe 8tn Addition <br />Development Agreement <br />February 14, 2022 <br />viii. Property Taxes. Should the recording of the Final Plat occur after July 11t <br />any and all property taxes on any public property dedicated as a part of <br />this plat shall be the responsibility of the Developer. <br />b. If the above escrow amounts are insufficient, the Developer shall make such <br />additional deposits as required by the City. The City shall have a right to <br />reimburse itself from the Escrow with suitable documentation supporting the <br />charges. <br />15. Developer Fees. At the time of execution of this Agreement, the Developer shall pay <br />the following fees related to the development of the Subdivision (See Exhibit 6 for <br />breakdown of costs): <br />a. Park Dedication <br />The Park Dedication Fee for this site is calculated as follows: <br />72 units x $3,160 per unit = $227,520.00 <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. Not <br />Applicable. <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 />Trunk Charge <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 AND/OR Commercial/Industrial/Institutional (CII) trunk charges are <br />based on a factor of 2.92 units per acre. <br />Sa n ita ry Sewe r $1,630.00 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. AND /OR <br />page 7 <br />