05-24-2004 Council Packet - Laserfiche WebLink

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The total recommended Stormwater Trunk Fee reimbursement amount is $148,109. We are recommending payment of $84,240, at this time, which is the amount that has been collected for Phase l.The remaining 563,949 reimbursement will be credited against Stormwater Trunk Fees for future development phases. This $84,240 reimbursement cost will be funded from the Stormwater Utility Fund and will require a budget adjustment for the 2004 Stormwater Utility Fund budget. Trunk Watermain Costs The total Water Connection Fee for the entire development is $389,267 based on the 2003 Fee Schedule. The total fee that will actually be paid will be in excess of this amount as the fees for future phases will be collected at a higher future Fee Schedule rate. The Water Trunk Fee collected for Phase 1 is $129,858. There is $44,923 in additional costs to install a 12” versus an 8" trunk watermain in Kelley Parkway which will provide a regional benefit to the Highway 12 water system. The total recommended Water Connection Fee reimbursement amount is $44,923. This reuubursement cost will be funded from the Water Utility Fund and will require a budget adjustment for the 2004 Water Utility Fund budget. Public Trails Cos's The total Park Dedication Fee for the entire development is $526,500 based on the 2003 Fee Schedule. The total fee that will actually be paid will be in excess of this amount as the fees for future phases will be collected at a higher future Fee Schedule rate. The Park Dedication Fee collected for Phase I is $175,500. The requested cost reimbursement of $33,321 to construct the public trail along Willow Drive and Highway 12 is acceptable, but will not be paid until construction of the trail is complete. . Kelley Parkway Streetlights The Kelley Parkway streetlights are required to be installed, at the developer ’s expense, through an agreement between the City of Orono and Excel Energy for the installation and long term maintenance of these lights. The City will than be responsible for the operation and maintenance costs of the Kelley Parkway streetlights. The E.xcel Energy Streetlight Agreement cost is $91,787 These costs will be reimbursed to the City by the Developer as described in a subsequent section of this memo. The staff recommendation is for approval of this agreement and payment of $91,787 to Excel Energy for the Kelley Parkway Streetlights. These costs will be funded from the PIR Fund and will require a budget adjustment for the 2004 PIR Fund budget. The installation of the streetlights is planned to begin the week of May 24*^. Page 2 of 4 4