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EXHIBIT C - City of Lake Elmo SAC and WAC Charges <br />The Buyer agrees that the Seller will be charged no more than the following development <br />fees at the rates now in effect in the City, as set forth below: <br />City of Lake Elmo Sewer Availability Charge (SAC) $ 3,500 per REC/SAC Unit <br />City of Lake Elmo Water Availability Charge (WAC) $ 3,900 per REC Unit <br />The Buyer will charge Seller the Metropolitan Council sewer availability and water <br />availability charges (SAC and WAC) at the rates in effect at the time of connection. <br />The Buyer and the Seller mutually agree to limit imposition of WAC/SAC charges for <br />any/all future development on the Lots denoted in Section 8, Subsection C, as determined by the <br />following (current MCES Guidelines), or a MCES-approved pro-rated portion therof: <br />Assuming General Office Space or Library (both w/meeting rooms). I SAC -.:::: 1,650 s.f. <br />20.000 s.f building =::: 122 RECs <br />30,000 s.f building= IS RECs <br />40,000 s.f building -- 24 RECs -- Maximum REC charged per Lot <br />L, C_ <br />Assuming General Office Space (no meeting rooms): I SAC:-:::: 2.400 s.f. <br />20,000 s.f building:::::: 8 RECs <br />30,000 s.f building:::::: 13 RECs, <br />40,000 s.f building =.-- 17 RECs - Maximum REC charged per Lot <br />In <br />