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20 <br /> <br />EXHIBIT C <br /> <br />ESCROWS, FEES AND CHARGES <br />*Fees will be updated when estimates are provided by the developer <br /> <br /> <br /> a) Escrow for City Costs and Fees. Developer shall deposit sufficient <br />escrow with the City as outlined in Section A. 1. The required beginning balance in the account is <br />calculated at $________________. This sum is calculated to be four percent (4%) of the estimate of <br />the required Improvements to be installed to serve the development, plus $5,000 which is the <br />minimum balance required in the account. <br /> <br /> b) Cash Escrow or Letter of Credit. Developer shall provide a financial <br />guarantee to the City, in the form of a cash escrow or letter of credit, in the amount equal to one <br />hundred twenty-five percent (125%) of the estimated amount of the required Improvements. This <br />amount has been calculated by the City Engineer to be $________________. This amount may be <br />reduced upon request of the Developer and approved by the City. At no point shall the Letter of <br />Credit be reduced below ten percent (10%) of the original amount. The City shall have the right to <br />retain the financial guarantee until the Improvements have been completed to the satisfaction of the <br />City and the warranty period has expired. <br /> <br /> c) Storm Water Trunk Fee. The Developer shall pay the City a Storm <br />Water Trunk Fee in the amount of $______________. This sum is calculated to be $0.07 per square <br />foot for the _______________ square feet of net developable area within the Plat. This fee shall be <br />paid before the Plat is signed by the City. <br /> <br /> d) Storm Water Ponding Fee. The storm water ponding requirement has <br />been met by the Developer through the incorporation of on-site ponding. No storm water ponding <br />fee will be applied. <br /> <br /> e) Snow Plowing. Developer agrees to pay a one-time lump sum cash <br />escrow to the City to cover the cost of snow plowing the roads within the plat, during the first snow <br />season, before the roads are formally accepted by the City of $.50 per lineal foot. The Developer <br />shall post a cash escrow with the City in the amount of $______________ ($0.50 x __ = $_______). <br /> <br /> <br /> f) Street Maintenance. The Developer shall post a one-time lump sum <br />cash escrow with the City in the amount of $______________ to cover the cost of the first <br />sealcoating of the streets in the Plat. This sum is calculated to be $4.00 per foot for the <br />_____________ feet of streets within the Plat. <br /> <br /> g) Park Dedication. Park Dedication is to be satisfied with land <br />dedication of Outlot C and park dedication fee of $2,686 per unit. The plans show construction <br />of amenities in the park including a shelter, playground, and sidewalk loop in exchange for PUD