2018.05.07 CC Packet - Laserfiche WebLink

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snow season, before the roads are formally accepted by the City of $.50 per lineal foot. The Developer shall post a cash escrow with the City in the amount of $1,550.00 ($0.50 x 3,100 = $2,594.00). g) Sealcoatin . The Developer shall post a one-time lump sum cash escrow with the City in the amount of $12,400.00 to cover the cost of the first sealcoating of the streets in the Plat. This sum is calculated to be $4.00 per foot for the 3,00 feet of streets within the Plat. h) Park Dedication. The Developer agrees to pay a park dedication fee of $1,128 per lot for residential development payable before the final plat is signed by the City. Said fee shall be due for each of the 70 lots within the Plat (i.e. total due $78,960.00). i) Cul-de-sac Escrow. N/A j) Escrow for Street Signage. Developer shall deposit $2,500.00 into an escrow account with the City. This amount represents an estimated cost of $500/sign for 5 signs to be installed within the development. k) WCA Escrow. N/A 1) Sanitary Sewer Trunk Fee. The Developer shall pay the City a sanitary sewer trunk fee in the amount of $114,240.00. This sum is calculated to be $1,632 per lot for the 70 residential lots within this phase. m) Water Trunk Fee. The Developer shall pay the City water trunk fee in the amount of $82,320.00. This sum is calculated to be $1,960 per lot, with credit provided for the stormwater reuse/irrigation system based on the anticipated reduction in water demand. The reduction is calculated at 40%, resulting in a trunk water fee amount of $1,176 per lot. The total is based on the reduced per unit fee applied to the 70 lots in the plat. Adelaide Landing 2nd Addition 19