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Application Adiusted Fee Escrow Notes <br />for the storm water infrastructure necessary to serve the City. The trunk fee is based on the land use and acreage of <br />the property being developed. An equivalency factor multiplier is assigned to each land use type, with a 2 -acre <br />residential lot considered as the standard in the City with an equivalency factor of 1.0. The table below lists the <br />storm water trunk fees per acre for the various zoning districts and land uses in the City. <br />NEW DEVELOPMENT LAND USE Trunk Fee per Acre <br />Single Family Residential 5 Acre Zone (maximum fee/lot = $16,150.00) $3,230.00 <br />Single Family Residential 2 Acre Zone (maximum fee/lot = $8,060.00) $4,030.00 <br />Single Family Residential 1 Acre Zone (maximum fee/lot = $5,250.00) $5,250.00 <br />Single Family Residential 1/2 Acre Zone (maximum fee/lot = $3,025.00) $6,050.00 <br />Multi Family Residential 4 Units/Acre or Less $7,275.00 <br />Multi Family Residential Greater than 4 Units/Acre $8,490.00 <br />Commercial or Industrial $9,690.00 <br />1. Trunk fee charged on per lot basis. For the 5 -acre, 2 -acre, 1 -acre and 1/2 -acre zoning districts, the trunk fee shall <br />be charged on a per -lot basis. Only acreage platted as building lots shall be charged the trunk fee. Acreage platted <br />as road -rights-of-way or out lots for other purposes shall not be charged the trunk fee. The dollar amount <br />calculated by multiplying (a) the number of new lots by (b) the zoning district base acreage per lot by (c) the base <br />trunk fee per lot established in the City Fee Schedule, shall be deemed the Base Development Trunk Fee. <br />2. Maximum fee. For the five -acre zoning district, any lot exceeding 5.0 gross acres, including wetland, shall be <br />charged a maximum trunk fee equal to the trunk fee for a 5.0 acre parcel. <br />3. Maximum fee. For the two -acre zoning districts, any lot exceeding 2.0 gross acres, including wetland, shall be <br />charged a maximum trunk fee equal to the trunk fee for a 2.0 acre parcel. <br />4. Fee Credits. For the two -acre and five -acre zoning districts, a combined reduction of up to 50% of the Base <br />Development Trunk Fee shall be allowed for the percentage of the total development property acreage in one or <br />more of the following categories: <br />- acreage of newly -created wetland. <br />- acreage of stormwater ponding or similar <br />- acreage of conservation easements resulting from <br />5. Maximum fee. For the one -acre zoning districts, any lot exceeding 1.0 gross acres, including wetland, shall be <br />charged a maximum trunk fee equal to the trunk fee for a 1.0 acre parcel. <br />6. Maximum fee. For the 1/2 -acre zoning districts, any lot exceeding 0.5 gross acres, including wetland, shall be <br />charged a maximum trunk fee equal to the trunk fee for a 0.5 acre parcel. <br />7. Multi -family and High -Density Single Family Developments. Trunk fee shall be charged on a per -acre basis, <br />except that the following acreages will not be subject to the trunk fee: <br />- all wetland acreage up to the delineation line <br />- acreage of stormwater ponding or similar improvements that provide additional treatment benefits beyond <br />what is required to treat the stormwater runoff from the development site. <br />- acreage of conservation easements resulting from Conservation Design process <br />