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Fee Schedule <br />(14) Economic development assistance. <br />Type <br />Amount <br />Tax increment financing or tax abatement 1 $12,500 escrow deposit <br />I Tax exempt financing I $2,500 application fee, plus 1 % administration <br />fee <br />(15) Staff time. Staff time for chargeable event/projects shall be charged as the employee's hourly <br />rate of pay plus benefits plus calculated overhead costs (when applicable). Overtime will be charged at <br />1.5 times the calculated hourly rate. <br />(16) Late fee. A late charge of 10% or $25, whichever is greater, will be charged for fees not paid <br />when due. <br />(Ord. 14-23, passed 11-13-2023; Am. Ord. 16-24, passed 11-12-2024; Am. Ord. 03-25, passed <br />3-10-2025) <br />Adopted by the Lino Lakes City Council this 24th day of November, 2025. <br />R afferty, Mayor <br />ATTEST: <br />Roberta Colotti, CMC, <br />City Clerk <br />