Laserfiche WebLink
fel <br />1 <br />I-3 <br />3.Payment of Sewer and Water Connection Charges for the development of the Property <br />in the amount of $241,157 based on the following formula as established in Exhibit M of <br />the Planned Unit Development No. 4 Agreement: <br />1989 Hwy 12 Area Sewer Connection Charge (2005 Fee Schedule) = $S,6SS/acre <br />1989 Hwy 12 Area Water Connection Charge (2005 Fee Schedule)" 89,355/acre <br />Subtotal Sewer and Water Connection Charges SI 5,010/acte <br />Residential total area * 44.26 acres <br />44.26 acres x SI5,010/acre « S664.343 Total S&W Connection Charges <br />Prontion: Lofts units/total units "portion due for Lofts <br />Lofts" 57 units Total units (after Lofts reduction)" 157 units <br />57 /157 - 0J63 X S664.343 - $241,157 <br />4. Payment of Paric Dedication Fee for Development of the Property in the amount of <br />$185,250based on the following fonnula as esUriilished in Exhibit M of the Planned Unit <br />Development No. 4 Agreonent: <br />i« * <br />BslabKdied value of residential portion of Stonebay «• $4,622,083 <br />8H Park Fee - 0.08 X $4,622,083 - $369,767 <br />Min/nuu range check: (must be between $3,250 and $5,550 per unit) <br />$369,767 /157 units “ $2355/unit (below required min/max range) <br />Minimum Fee applied: 157 units x $3,2Sfl/unit “ $510.250 <br />Pioration: Lofts units / total units " portion due for Lofts <br />57 units X #3,2S0/unit - SltS^SO <br />WHEREAS. City staffand consultants have reviewed (he plans forthis PUD application <br />and hereby specify approval or conditional approval of each attadied plan and identify them as part of the <br />official record for Planned Unit Development No. 4B: <br />1. ^iprovalofsite plan per‘‘Preliminary Site Plan" Sheet C2.1 dated2/21/0S. <br />!•2.Approvalor*Preliminary GradingPlan" per Sheet C3.1 dated 2/21/05, subject to any <br />additional requirements of the Minndiaha Credc Watershed District and subject to any <br />additional requirements and conditions spedfiedltyfoeCityEngineer upon revtewoffinal <br />plans. <br />3.Approval of‘‘Preliminary Utility Plan" per Sheet C4.1 dated 2/21/OS, subject to any <br />additional requirements qiecified by the City Engineer upon review of final plans. <br />V- <br />Page 3 of 7 <br />m <br />■JudlUk