2021.04.05 CC Packet - Laserfiche WebLink

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White Bear Lake School District 16 EXHIBIT C ESCROWS, FEES AND CHARGES a) Escrow for City Costs and Fees. Developer shall deposit sufficient escrow with the City as outlined in Section A. 1. The required beginning balance in the account is calculated at $_______________. This sum is calculated to be four percent (4%) of the estimate of the required Improvements to be installed to serve the development, plus $5,000 which is the minimum balance required in the account. b) Cash Escrow or Letter of Credit. N/A c) Storm Water Trunk Fee. The Developer shall pay the City a Storm Water Trunk Fee in the amount of $_____________. This sum is calculated to be $0.07 per square foot for the _______________ square feet of net developable area within the Project. This fee shall be paid before the building permit is issued by the City. d) Storm Water Ponding Fee. The storm water ponding requirement has been met by the Developer through the incorporation of on-site ponding. No storm water ponding fee will be applied. e) Snow Plowing. Developer agrees to pay a one-time lump sum cash escrow to the City to cover the cost of snow plowing the roads within the project, during the first 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 $__________ ($0.50 x _____ = $_________). f) Sealcoating. The Developer shall post a one-time lump sum cash escrow with the City in the amount of $________ to cover the cost of the first sealcoating of the streets in the Project. This sum is calculated to be $4.00 per foot for the ___________ feet of streets within the Project. g) Park Dedication. N/A h) Cul-de-sac Escrow. N/A i) Escrow for Street Signage. N/A. j) WCA Escrow. N/A