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DEVELOPMENT FEES <br /> GIS Mapping Fee $ 90.00 /Lot <br /> Park Dedication <br /> Commercial/Industrial/Assisted-Living/Skilled $ 2,600.00 /Acre <br /> Nursing <br /> Residential $ 3,300.00 /Unit <br /> Tree Preservation Mitigation Fee $ 485.00 /Tree <br /> Street Lighting Operation Fee(New Development) $ 120.00 /Light($8/mo/light x 15 <br /> months) <br /> ECONOMIC DEVELOPMENT ASSISTANCE <br /> Tax Increment Financing or Tax Abatement $ 10,000.00 Escrow Deposit <br /> Tax Exempt Financing $ 2,500.00 Application Fee, plus I% <br /> Administration Fee <br /> STAFF TIME <br /> Staff time for chargeable event/projects shall be charged as the employee's hourly rate of pay plus benefits plus <br /> calculated overhead costs (when applicable). Overtime will be charged at 1.5 times the calculated hourly rate. <br /> LATE FEE <br /> Late penalty fee: a late charge of 10%or$25.00, whichever is greater, will be charged for fees not paid when <br /> due. <br /> Section 2. Effective Date of Ordinance. This ordinance shall be in force and effect from and after its passage <br /> and publication according to the Lino Lakes City Charter. <br /> Adopted by the Council of the City of Lino Lakes this 14th day of November, 2022. <br /> The motion for the adoption of the foregoing resolution was introduced by Councilmember Stoesz and was duly <br /> seconded by Councilmember Cavegn and upon vote being taken thereon, the following voted in favor thereof: <br /> Ruhland, Cavegn, Stoesz, Rafferty <br /> The following voted against same: None (Absent-Lyden) <br /> Rafferty,Nfayor <br /> ATTEST: <br /> Ju44-any e Bartell, City C]erk <br /> 12 <br />