HomeMy WebLinkAbout2013-060 Council Resolution•
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CITY OF LINO LAKES
RESOLUTION NO. 13 -60
RESOLUTION APPROVING DEVELOPMENT AGREEMENT
FOR MAIN STREET SHOPPES
WHEREAS, the City Council approved the Final Plat for Main Street Shoppes on May 13,
2013, and
WHEREAS, the City's subdivision ordinance and conditions of approval require the execution
of a development agreement between the Developer and the City of Lino Lakes.
NOW, THEREFORE BE IT RESOLVED that The City Council of The City of Lino Lakes
hereby approves the Development Contract between CM Properties 14, LLC and the City of
Lino Lakes, for Main Street Shoppes and authorizes the Mayor and City Clerk to execute such
agreement on behalf of the City.
Adopted by the Lino Lakes City Council this 28th day of May, 2013.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Roeser and was duly seconded by Council Member Stoesz and upon vote being taken thereon,
the following voted in favor thereof:
Roeser, Stoesz, O'Donnell, Rafferty, Reinert
The following voted against same:
none
ATTEST:
Julianne B
11, City Cle
Jeff Reine , Mayor
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CITY COUNCIL
AGENDA ITEM 6B
STAFF ORIGINATOR: Katie Larsen, City Planner
MEETING DATE: May 28, 2013
TOPIC: Consider Resolution No. 13 -60, Approving Development
Agreement for Main Street Shoppes
VOTE REQUIRED: 3/5
INTRODUCTION
Staff is requesting City Council consideration of the Development Agreement for Main Street
Shoppes.
BACKGROUND
• The City Council approved the Final Plat for Main Street Shoppes on May 13, 2013 with
Resolution No. 13 -59 subject to the condition a Development Agreement is executed by and
between the developer and City. The City Engineer has prepared the Development Agreement
which provides for the submittal of fees and securities to cover City review costs and ensure
completion of the public and private improvements in accordance with the approved plans. The
City Attorney has reviewed the Title Commitment.
RECOMMENDATION
Staff is recommending approval of Resolution No. 13 -60.
ATTACHMENTS
1. Resolution No. 13 -60
2. Development Agreement
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DEVELOPMENT CONTRACT
Main Street Shoppes
THIS AGREEMENT made this day of May, 2013, is by and between the City of
Lino Lakes, whose address is 600 Town Center Parkway, Lino Lakes, Minnesota, 55014, a
municipal corporation organized under the laws of the State of Minnesota, hereinafter referred to
as the "City," and CM Properties 14, LLC whose address is 3470 Washington Drive, Suite 102,
Eagan, MN 55122 hereinafter referred to as the "Developer."
WHEREAS, the Developer has received preliminary plat approval from the City Council
for a plat of land within the corporate limits of the City known as Main Street Shoppes
hereinafter called "Subdivision," said land is legally described as follows:
The West Half of the Northeast Quarter of the Northeast Quarter of Section 24, Township
31, Range 22, Anoka County, Minnesota, including Parcels 4B and 5A of Anoka County
Highway Right of Way Plat No. 65, subject to easements of record.
WHEREAS, the Developer is to be responsible for the installation and financing of
certain public and private improvements within the Subdivision; and
WHEREAS, said public and private improvements include grading, drainage, sanitary
sewer, water, storm sewer, and a private access driveway (the "Improvements "); and
WHEREAS, the City Subdivision Ordinance and Minnesota Statutes section 462.358
authorize the City to enter into a performance contract secured by cash escrow or other security
to guarantee completion and payment of such improvements following final approval and
recording of final plat.
NOW, THEREFORE, in consideration of the mutual promises of the parties made herein,
IT IS AGREED BY AND BETWEEN THE PARTIES HERETO: that the
I. DEVELOPER IMPROVEMENTS
A. Improvements to be installed by the Developer and financed by the Developer are
hereinafter referred to as "Developer Improvements."
Main Street Shoppes
Development Contract
May, 2013
B. The Developer Improvements are categorized as either Public Improvements or
Private Improvements. The new water system laterals lying within public
easements, but not service lines connected to such laterals, are Public
Improvements. All remaining Improvements are private and are hereinafter
referred to as "Private Improvements ".
II. DEVELOPER'S PLANS
A. The subject property shall be developed in accordance with the following plans,
original copies of which are on file with the City Engineer. The plans may be
prepared after entering this agreement but must be completed and approved by the
City before commencement of any work on the Subject Property. If the plans
vary from the written terms of this Agreement, the written terms shall control.
The plans are:
Plan C0.1 - Civil Title Sheet
Plan C1.1 - Certificate of Survey
Plan C1.2 - Preliminary Plat
Plan C2.1 - Site Plan
Plan C3.1 - Grading, Drainage, Paving & Erosion Control
Plan C3.2 - SWPPP Notes
Plan C4.1 - Utility Plan
Plan C7.1 - Civil Construction Details
Plan C7.2 - Civil Construction Details
Plan C7.3 - Civil Construction Details
B. The plans shall be approved by the City of Lino Lakes. The Developer shall
secure a contractor to install these improvements; said contractor shall be
approved by the City at its absolute discretion. All Developer Improvements shall
require City inspection and approval and, where appropriate, the approval of any
other governmental agency having jurisdiction. The Developer shall construct
and install at the Developer's expense, the following improvements according to
the following terms and conditions:
1. Grading Plan
a) A final site grading plan, including certified wetland delineations,
with maximum two -foot contours and cross sections as necessary
submitted and approved by the City prior to commencement of any
site grading. The final site grading plan shall also be subject to the
approval of any other governmental agency having jurisdiction,
including but not limited to the Rice Creek Watershed District
(RCWD). No grading shall commence until all requirements of
the RCWD have been satisfied. No building permits shall be
issued until all site grading has been completed to the satisfaction
of the City.
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Main Street Shoppes
Development Contract
May, 2013
b) The grading plan and all site grading shall be provided and
conducted in accordance with the plan as approved by the City,
NPDES requirements and the RCWD. The Developer shall
perform the work in accordance with a Storm Water Pollution
Prevention Plan (SWPPP) in accordance with Minnesota Pollution
Control Agency (MPCA) requirements.
c) The Developer shall be responsible for securing all required site
grading and development approvals and permits from all Federal,
State, Regional and Local agencies with jurisdiction or as
applicable prior to the commencement of site grading or
construction.
2. Erosion Control Plan
a) The Developer shall submit an erosion control plan, detailing all
erosion control measures to be implemented during construction.
Said plan shall be approved by the City prior to the
commencement of site grading or construction.
b) The Developer shall submit a turf establishment plan which details
topsoil placement, seeding, sodding, mulching, fertilizing and
watering. Said plan shall be approved by the City prior to the
commencement of site grading or construction.
3. Grading and Erosion Control Construction & Maintenance
a) Prior to the commencement of site grading and erosion control, the
Developer shall complete items II.B.1 and II.B.2 as listed above.
b) The Developer shall grade the site to within 0.2 foot of the grades
shown on the approved grading plan. No deviations will be
allowed unless a revised plan is submitted and approved by the
City and all other regulatory agencies.
c) All development shall conform to the natural limitations presented
by the topography and soil of the subdivision in order to create the
best potential for preventing soil erosion.
d) Erosion and siltation control measures shall be coordinated with
the different stages of development. The Developer shall attain an
NPDES Stormwater Permit prior to engaging in any site grading
activities. All terms and conditions of the NPDES permit must be
adhered to by the Developer throughout construction the duration
of construction of the Subdivision from start to finish.
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Main Street Shoppes
Development Contract
May, 2013
e) Where the topsoil is removed, sufficient arable soil shall be set
aside for respreading over the developed area. The topsoil shall be
restored to a depth of at least four (4) inches and shall be of a
quality at least equal to the soil quality prior to development. The
Developer shall make all necessary adjustments to the curb stops to
bring them flush with the topsoil prior to occupancy.
f) The Developer shall install four (4) inches of topsoil on all
boulevards and seed or sod as approved by the City.
g)
All disturbed areas shall be sodded or seeded, as designated per the
approved plans, immediately upon completion of grading.
h) The street right -of -way, storm water storage ponds, and surface
water drainage ways shall be graded prior to commencement of
utility construction.
i) Drainage swales, ditches, storm water storage ponds and other high
risk erosion areas shall be protected from erosion.
j)
All remaining grading must be completed prior to issuance of
building permits.
k) All streets shall be protected from erosion deposits. This should
include a combination of roadside silt fences, roadside sod strips,
catch basin rock bale inlet protection, rock construction entrances,
straw mulch, and/or street sweeping.
1) The Developer's engineer shall certify, in writing with an as -built
survey, that all grading complies with the approved grading plan
prior to issuance of any building permits.
m) The Developer shall be responsible for ascertaining that site
geotechnical and groundwater conditions are adequate and
conforming with the grading and site improvement as proposed.
n) The Developer shall provide financial security and/or cash escrow
to assure completion of the grading and restoration, in the event
that the work is not completed by the Developer.
4. Final private access driveway grading, subbase, gravel base, concrete curb
and gutter, and bituminous base course and wear course.
5. Storm sewers when determined to be necessary by the City Engineer,
including all necessary laterals, catch basins, inlets and other
appurtenances shall be furnished and installed.
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Main Street Shoppes
Development Contract
May, 2013
6. Sanitary sewer mains, laterals or extensions, including all necessary
• building services and appurtenances shall be furnished and installed.
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7. Water mains, laterals or extensions, including all necessary building
services, hydrants, valves and other appurtenances shall be furnished and
installed.
8. The Developer shall place iron monuments at all lot and block corners and
at all other angle points on boundary lines. Iron monuments shall be
placed after all street and lawn grading has been completed in order to
preserve the lot markers for future property owners. Lot corner irons on
the back property line shall be installed so that the top of the iron
corresponds to the finished ground elevation in accordance with the
approved grading plan - guard stakes shall be appropriately installed to
mark these irons.
9. The Developer shall promptly clear dirt and debris within public right -of-
ways and drainage and utility easements resulting from construction by the
Developer, its purchasers, builders and contractors within five (5) days
after notification by the City. The Developer or its assigns shall be
responsible for all necessary street and storm sewer maintenance including
street sweeping, and storm sewer resulting from the accumulation of said
dirt and debris, prior to issuance of any Certificates of Occupancy.
Warning signs shall be placed when hazards develop in streets to prevent
the public from traveling on same and directing attention to detours. If
and when the streets become impassable, such streets shall be barricaded
and closed. The Developer shall maintain a smooth, hard driving surface
and adequate drainage on all temporary streets.
10. The Developer shall dedicate to the City, prior to approval of the final
plat, at no cost to the City, any permanent or temporary easements that
may be necessary for the construction and installation of the Developer
Improvements. All such easements required by the City shall be in
writing, in recordable form, containing such terms and conditions as the
City shall determine
11. The Developer shall be responsible for securing all site grading and
development approvals and permits from all appropriate Federal, State,
Regional and Local jurisdictions prior to the commencement of site
grading or construction.
12. The Developer shall make provision that all gas, telephone, cable TV and
electric utility designs be submitted to the City for review and approval
prior to construction of the improvements. Following review and approval
by the City, the Developer shall insure that all installations comply with
applicable City, County and State design standards and show proof of
security arrangements with said utility companies.
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Main Street Shoppes
Development Contract
May, 2013
13. Cost of Developer Improvements and description are as shown on
Attachment A.
14. Construction of Developer's Improvements:
a) The construction, installation, materials and equipment shall be in
accordance with the plans and specifications approved by the City
unless superseded by the terms of this Contract.
b) All of the work shall be under and subject to the inspection and
approval of the City and, where appropriate, any other
governmental agency having jurisdiction.
c) Prior to acceptance of Developer Improvements by the City, the
Developer shall obtain final plat approval and record the final plat
which will dedicate all permanent easements necessary for the
construction and installation of the Improvements as determined by
the City.
d) All construction debris and trash shall be properly disposed of at
the Developer's expense and in a timely manner as determined by
the City.
15. Record Drawings
a) Upon completion of construction of sanitary sewer, watermain,
storm sewer, facilities, and grading, the developer shall submit two
(2) sets of record plans, two (2) electronic copies of record plans in
Anoka County NAD 83 Coordinates compatible with the City's
computer system, including accurate locations, dimensions,
elevations, grades, slopes and all other pertinent information
concerning the compete work.
b) Also a storm sewer, watermain, and sanitary sewer Excel
Spreadsheet must be submitted, which includes all the as -built
data.
16. Faithful Performance of Construction Contracts and Letter of Credit
a) The Developer will fully and faithfully comply with all terms and
conditions of any and all contracts entered into by the Developer
for the installation and construction of all Developer Improvements
and hereby guarantees the workmanship and materials for a period
of one year following the City's final acceptance of the
Developer's Improvements. Concurrently with the execution
hereof by the Developer, the Developer will furnish to, and at all
times thereafter maintain with the City, a cash deposit, certified
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Main Street Shoppes
Development Contract
May, 2013
check, or Irrevocable Letter of Credit, based on one hundred fifty
(150 %) percent of the total estimated cost of the Developer's
Public Improvements and thirty -five (35 %) percent of the total
estimated cost of Developer's Private Improvements. The bank
and form of the Letter of Credit or security shall be subject to the
approval of the City. An Irrevocable Letter of Credit shall be for
the exclusive use and benefit of the City of Lino Lakes and shall
state thereon that the same is issued to guarantee and assure
performance by the Developer of all the terms and conditions of
this Development Contract and construction of all required
improvements in accordance with the ordinances and
specifications of the City. The City reserves the right to draw, in
whole or in part, on any portion of the Irrevocable Letter of Credit
for the purpose of guaranteeing the terms and conditions of this
contract. The Irrevocable Letter of Credit shall be automatically
extended for additional periods of one year from present or future
expiration dates.
b) Reduction of Escrow Guarantee.
(1) The Developer may request reduction of the Letter of
Credit, or cash deposit based on prepayment or the value of
the completed improvements at the time of the requested
reduction. Prior to the final acceptance of the Developer's
Improvements the City shall require a Performance Bond or
Cash Escrow to cover the one year warranty provisions of
the agreement. The amount shall be determined by the City
Engineer.
III. CITY IMPROVEMENTS
A. There are no new City Improvements for this project.
IV. RECORDING AND RELEASE
A. The Developer agrees that the terms of this Development Contract shall be a
covenant on any and all property included in the Subdivision. The Developer
agrees that the City shall have the right to record a copy of this Development
Contract with the Anoka County Recorder to give notice to future purchasers and
owners. This Development Contract shall be recorded against the Subdivision
described on Page 1 hereof. City shall provide to Developer upon completion of
Developer's private improvements, a release of such parcel from the terms and
conditions of this Development Contract subject to provisions contained in this
contract.
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Main Street Shoppes
Development Contract
May, 2013
V. REIMBURSEMENT OF COSTS
A. The Developer agrees to establish a non - interest bearing escrow account with the
City in an amount determined by the City Administrator or his designee for the
payment of all costs incurred by the City related to the development of the
Subdivision and the Developer Improvements including, but not limited to, the
following (See Attachment B for breakdown of costs):
1. Plat Review Fee
2. Planner Review Fee
3. Administration - 3% Construction Cost
4. Engineering
5. Legal
6. Publications
7. Park Dedication Fee
8. Street - Storm Sewer - Pond Maintenance
9. Aerial Photo Recovery Cost
B. If the above escrow amounts are insufficient, the Developer shall make such
additional reasonable deposits as required by the City. The City shall have a right
to reimburse itself from the Escrow upon notice to the Developer, with suitable
documentation supporting charge. The City will first draw on the existing Escrow
filed as a requirement of the application for approval of the preliminary plat for
the Subdivision.
VI. TRUNK UTILITY & SURFACE WATER MANAGEMENT CHARGES
A. Trunk Sewer Unit Charges. The City has established trunk unit charges to
uniformly distribute the costs of public trunk sanitary sewer infrastructure. Each
individual connection to the sanitary sewer system shall be charged a unit charge
per SAC unit (currently at $2,911 per SAC unit). The unit charge shall be based
on the procedure outlined in the Metropolitan Environmental Services Service
Availability Charge Procedure Manual. Trunk sewer unit charges 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 A.
Trunk Sewer Unit Charges will be collected with the Site Performance Agreement
for Lot 1 Block 1 of Main Street Shoppes.
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Main Street Shoppes
Development Contract
May, 2013
B. Trunk Water Unit Charges. The City has 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 $3,854 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 A.
Trunk Water Unit Charges will be collected with the Site Performance Agreement
for Lot 1 Block 1 of Main Street Shoppes.
C. Surface Water Management Area Charges. The City has established a trunk area
charge to uniformly distribute the costs of public trunk surface water
infrastructure and water quality improvements. The Developer shall pay pursuant
to the terms of the development agreement Surface Water Management Charges,
based on developable acreage, in the amount specified in Attachment A.
VII. BUILDING PERMITS
A. The Developer agrees that building permits may be issued upon approval of the
Final Plat by the City Council at which time all required Financial Security shall
be in place with the City. The Developer further agrees that City Sewer, Water,
Storm Sewer, and Bituminous Base Construction of the Private Access Driveway,
temporary street signs, gas, electric, and telephone will be completed prior to
issuance of building permits.
B. The Developer further agrees that an as -built survey certifying that all the grading
complies with the grading plan prior to issuance of building permits.
VIII. HOURS OF CONSTRUCTION ACTIVITY
A. All construction activity shall be limited to the hours as follows:
Monday through Friday 7:00 a.m. to 7:00 p.m.
Saturday 9:00 a.m. to 5:00 p.m.
Sunday and Holidays No working hours allowed
IX. OWNERSHIP OF IMPROVEMENTS
A. Upon completion and City acceptance of the work and construction required by
this agreement, the Public Improvements lying within public rights of way or
easements shall become City property.
X. INSURANCE
• A. Developer or all its subcontractors shall take out and maintain, until construction
of the Private Improvements is complete, public liability and property damage
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Main Street Shoppes
Development Contract
May, 2013
insurance covering personal injury, including death, and claims for property
damage which may arise out of the Developer's work or the work of his
subcontractors or by one directly or indirectly employed by any of them. Limits
for bodily injury and death shall be not less than Five Hundred Thousand and
no /100 ($500,000.00) Dollars for one person and One Million and no /100
($1,000,000.00) Dollars for each occurrence; limits for property damage shall be
not less then Two Hundred Thousand and no /100 ($200,000.00) Dollars for each
occurrence; or a combination single limit policy of One Million and no /100
($1,000,000.00) Dollars or more. The City, its employees, its agents and assigns
shall be named as an additional insured on the policy, and the Developer or all its
subcontractors shall file with the City a certificate evidencing coverage prior to
the City signing the plat. The certificate shall provide that the City must be given
ten (10) days advance written notice of the cancellation of the insurance. The
certificate may not contain any disclaimer for failure to give the required notice.
XI. REIMBURSEMENT OF COSTS FOR DEFENSE
A. The Developer agrees to reimburse the City for all costs incurred by the City in
defense of enforcement of this contract, or any portion thereof, including court
costs and reasonable engineering and attorneys' fees if the City prevails in such
action.
XII. VALIDITY
A. If a portion, section, subsection, sentence, clause, paragraph or phrase in this
contract is for any reason held to be invalid by a court of competent jurisdiction,
such decision shall not affect or void any of the other provisions of the
Development Contract.
XIII. GENERAL
A. Binding Effect
1. The terms and provisions hereof shall be binding upon and insure to the
benefit of the heirs, representatives, successors and assigns of the parties
hereto and shall be binding upon all future owners of all or any part of the
Subdivision and shall be deemed covenants running with the land, unless
released pursuant to Article IV.
B. Notices
1. Whenever in this agreement it shall be required or permitted that notice or
demand be given or served by either party to this agreement to or on the
other party, such notice or demand shall be delivered personally or mailed
by United States mail to the addresses hereinbefore set forth on Page 1 by
certified mail (return receipt requested). Such notice or demand shall be
deemed timely given when delivered personally or when deposited in the
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Main Street Shoppes
Development Contract
May, 2013
mail in accordance with the above. The addresses of the parties hereto are
as set forth on Page 1 until changed by notice given as above.
C. Final Plat Approval
The City agrees to give final approval to the plat of the Subdivision upon
execution and delivery of this agreement and all required petitions, bonds,
security, and documents including the following:
1. A Grading Permit application shall be submitted and approved by City
Staff prior to any grading or site /work.
2. On all plans sheets, preliminary and final plat, the drainage & utility
easement shall include 10 foot wetland buffer.
3. A thirty -two (32) foot wide drainage & utility easement shall be shown on
final plat over the water main installed within the private drive.
4. A Declaration of Access Control for future right in/right out access shall
be drafted by the City and signed by the owner.
5. A Declaration for Maintenance of Stormwater Facilities shall be drafted
by the City and signed by the owner and Rice Creek Watershed District.
6. A Reciprocal Access Easement and Maintenance Agreement shall be
drafted by the City and signed by the owner.
7. The Rice Creek Watershed District must review and issue a permit for the
project prior to building permits being issued by the city for any new
construction.
XIV. VIOLATIONSBUILDING PERMITS
A. In the event that Developer violates any of the covenants and agreements
contained in this Development Contract and to be performed by the Developer,
the City, at its option, in addition to the rights and remedies as set out hereunder
may refuse to issue building permits and/or Certificate of Occupancies to any
property within the Subdivision until such time as such default has been corrected
to the satisfaction of the City.
XV. PARK DEDICATION
A. The Park dedication fee for this site is calculated as follows:
1.24 acres x $2,175 = $2,697.00
XVI. PROPERTY TAXES
A. Should the recording of the Final Plat occur after July 1, any and all property
taxes on any public property dedicated as a part of this plat shall be the
responsibility of the Developer. Dollars shall be incorporated into the escrow
agreement to cover the cost of said property taxes.
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Main Street Shoppes
Development Contract
May, 2013
CM PROPERTIES 14, LLC CITY OF LINO LAKES
By By
Chief Manager Mayor
STATE OF MINNESOTA )
) SS
COUNTY OF ANOKA
ATTEST:
By
Clerk
On this day of , 20_, before me, a Notary Public within and
for said County, personally appeared (Mayor) and
(Clerk), to me known to be respectively the Mayor and Clerk of the City
of Lino Lakes, and who executed the foregoing instrument and acknowledge that they executed
the same on behalf of said City.
STATE OF MINNESOTA )
) SS
COUNTY OF ANOKA )
On this day of
for said County, personally appeared
the , of
Minnesota, and that they executed the foregoing
executed the same on behalf of said corporation.
1456712.2
Notary Public
, 20_, before me, a Notary Public within and
(Developer), to me known to be
, a corporation under the laws of the State of
instrument and acknowledged that they/he
Notary Public
page 12
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ATTACHMENT A
SUMMARY OF IMPROVEMENT COSTS
DEVELOPER INSTALLED IMPROVEMENTS
PROJECT NAME: Main Street Shoppes
APPLICANT: MFC Properties Corporation
'EM NECESSARY IMPROVEMENTS
1 SITE GRADING
2 EROSION CONTROL
3 SITE ENGINEERING & SURVEYING
4 LANDSCAPING
5 STREETS
A. Subgrade /Base Course
B. Wear Course
6 STORM SEWER CONST.
A. Trunk
B. Lateral
C. Surface Water Mgmt.
7 SANITARY SEWER CONST.
A. Trunk Unit Charge (REU)
B. Lateral
C. Trunk Credit
8 WATERMAIN CONST.
A. Trunk Unit Charge (REU)
B. Lateral
C. Trunk Credit
BUDGET
COST
Estimate
Estimate
Estimate
Estimate
NOTE
e
e
e
e
Estimate e
Estimate e
Estimate
Estimate
$0.112/sf
$2,911 /unit
Estimate
Estimate
$3,854 /unit
Estimate
Estimate
TOTALS:
See Attachment B for security amounts to be posted
NOTE:
a: Cost by City policy
b: Estimated Cost or Budget by City
c: Previously Assessed
d: Cash Requirement per Agreement with Park Board
e: Provided by Developer
f: Estimate by Feasibility Study
•
e
e
a
a
e
e
a
e
e
NUMBER OF REU's:
ASSESSED AREA (ac.):
PRIVATE
IMP. (W)
$57,902
$27,808
$35,090
$3,038
$12,684
$4,935
$24,997
$21,113
$14,618
$202,184
3 -7 -2013
0
1.24
PUBLIC FEE
IMP. (X) AMOUNT (Z)
$0
$6,050
$0
$0
$6,050
DEVELOPER INSTALLED IMPROVEMENTS
PROJECT NAME: Main Street Shoppes
APPLICANT: MFC Properties Corporation
EM NECESSARY IMPROVEMENTS
1 PLANNING /REVIEW
A. Plat Review Fee
B. Planner Review Fee
2 ADMINISTRATION
A. Legal
B. Administration Fee
C. Publications
3 ENGINEERING
A. Plan /Plat/Grading Review
B. Construction Services
C. Construction Staking
D. City Engineering
4 DEVELOPMENT FEES
A. Park Dedication Fee
B. Park Dedication Credit
C. Sealcoating Fee
D. Aerial Photo Fee
5 BOULEVARD TREE PLANTING
6 DEVLOPMENT SECURITIES
A. Tree Preservation
B. Street Lighting - installation
C. Street Lighting - operation
D. Traffic Signing
E. Street, Storm Sewer, Pond Maint.
SUBTOTAL:
Grading Only Escrow Credit
TOTALS:
ATTACHMENT B
CITY FEES
BUDGET
COST NOTE
$1,500 b
$1,500 b
$1,000 a
3% of const. b
$1,000 b
$5,000 b
$5,000 b
$0 b
$5,000 b
$2175 /acre d
$0.30/SF b
90 /unit b
$465 /tree b
95 /unit b
$2,500 a
$265
$500 a
b
ECURITY AMOUNTS TO BE POSTED
= PRIVATE IMPROVEMENT COSTS X 0.35 (LETTER OF CREDIT)
= PUBLIC IMPROVEMENT COSTS X 1.5 (LETTER OF CREDIT)
= CITY ESCROW COSTS X 1.0 (CASH ESCROW)
= CITY FEES X 1.0 (CASH FEE)
)TE: a: Cost by City policy
b: Estimated Cost or Budget by City
c: Previously Assessed
d: Cash Requirement per Agreement with Park Board
e: Provided by Developer
f: Estimate by Feasibility Study
NUMBER OF REU's: 1
ASSESSED AREA (ac.): 1.24
PRIVATE PUBLIC
IMP. (W) IMP. (X)
$0 $0
Att. A Att. B
$70,000 $0
$0 $0
$0 $27,060
$6,050 $2,787
3 -7 -2013
s
ESCROW FEE
AMOUNT (Y) AMOUNT (Z)
$1,500
$1,500
$1,000
$6,060
$1,000
$5,000
$5,000
$0
$5,000
$0
$0
$0
$0
$1,000
$27,060
$0
$27,060
Total
$70,000
$0
$27,060
$8,837
$2,697
$90
•
$2,787
$0
$2,787
•