2014-106 Council Resolution - Laserfiche WebLink

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• • • NorthPointe 2nd Addition Development Contract September. 2014 addressed under this paragraph are in addition to any SAC charges imposed by Metropolitan Council Environmental Services. An estimate of the total charge and the trunk utility credit for developer installed trunk oversizing is specified in Attachment B. b. Trunk Water Unit Charges. i. The City established trunk unit charges to uniformly distribute the costs of public trunk water infrastructure. Each individual connection to the water system shall be charged a unit charge per SAC unit (currently at 53.939 per SAC unit). The unit charge shall be based on the procedure outlined in the Metropolitan Environmental Services Service Availability Charge Procedure Manual. An estimate of the total charge and the trunk utility credit for developer installed trunk oversizing is specified in Attachment B. c. Surface Water Management Area Charges. i. The Cite established a trunk area charge to uniformsdistribute the costs of public trunk surface water infrastructure and water quality improvements. The Surface Water Management Charge shall be based on developable acreage. in the amount specified in Attachment B. Assessment of Charges and Waiver of Rights. i. In consideration of the provision of sewer_ water and storm water services. the Developer agrees that the Trunk Sewer Unit Charge. Trunk Water Unit Charge and the Surface Water Management Area Charge (collectively. "the Charges"')_may be assessed against the Subdivision parcels. The Developer hereby waives am and all procedural and substantive obiections to the special assessments. including notice and hearing requirements. am claim that the assessments exceed the benefit to the properties. and any right to appeal. ii. Unless the Developer pays the entire balance owed for the Charges contemporaneously with the execution of the Agreement. the Developer shall provide to the Cite a cash escrow or irrevocable letter of credit in an amount equal to 35% of the total assessments as estimated b. the City Engineer (see Attachment B). The letter of credit shall be in a form. and from a bank. as approved by the Cit.. The letter of credit or cash escrow may be used b. the Cite upon default by Developer in the payment of special assessments. The cash escrow or letter of credit shall remain in place throughout the term of the special assessments. page 7