04/08/2002 Council Packet - Laserfiche WebLink

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• Engineer in his feasibility report, Developer waives any appeal rights otherwise available pursuant to M.S.A. §429.081. REIMBURSEMENT OF COSTS The Developer agrees to establish a noninterest bearing escrow account with the City in an amount established by the City Engineer or his designee for the payment of all costs incurred by the City related to the development and improvement of the site, exclusive of City Improvements and Developer improvements, including, but not limited to, the following: 1. Site Plan Review Fee $2,798,54 2. Administration (Planning, Engineering, Legal, etc.) $1,500.00 3. Sanitary Sewer Trunk Area Charge ($2,203.00 per acre) $3,701.04 4. Sanitary Sewer Trunk unit charge ($955.00 per SAC unit). $3,820.00 5. Water Trunk Area Charge ($2,350.00 per acre) $3,948.00 6. Water Trunk unit charge ($1,541 per SAC unit). $6,164.00 7. Surface Water Management Fee ($0.075 per sq. ft.) $5,509.80 Total Estimated (Budget) Costs for Escrow Account $27,441.54 If the above escrow amounts are insufficient, the Developer shall make such additional deposits as required by the City. The City shall have a right to reimburse itself from the Escrow. REMEDIES FOR BREACH The City shall give prior written notice to the Developer of any default hereunder before proceeding to enforce the guarantee referred to in Article 1, or before the City undertakes any work for which the City will be reimbursed through the financial guarantee. If within twenty (20) days after such notice to it, the Developer has not notified the City in writing of its intention to cure the default within 10 days thereafter, the City will proceed with the remedy it deems appropriate. At any time after the completion date and any extensions thereof, if any of the work is 04/05/02 5 McDonalds Agreement