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<br /> <br />Victor Land Holdings, LLC 16 <br />k) Water Trunk Fee. The development shall pay the City water trunk fee at <br />calculated to be $$1,960 per SAC unit as determined by the Met Council. This will be paid with <br />the issuance of a building permit. <br /> <br />l) Assessment. The developer shall enter into an Assessment <br />Agreement with the City prior to the issuance of a building permit. The estimated assessment levy <br />amount is $236,600.00 over a 5 year period with an interest rate of 4%. <br /> <br />