06-14-2004 Council Packet - Laserfiche WebLink

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D. E. F. have a 9-ton minimum pavement section. A geotechnical evaluation of the soil shall be done in conjunction with the pavement design and shall be submitted to the City Engineer for approval. Detailed signage and lighting plans. Any additional plans and specifications deemed necessary by the City as review progresses. Development Agreement. Development Approval is contingent upon the successful execution of a Development Agreement between the applicant and the City. Such Agreement shall address all specific City requirements for the development. Financial Guarantee. The Development Agreement shall include a financial guarantee by the Developer to ensure the completion of site improvements. The City Engineer shall complete an estimate of improvement costs, including but not limited to landscaping, grading, erosion control, utilities, driveways and parking areas, trails, sidewalks, retaining walls and stormwater management facility construction, and the Developer shall provide to the City a financial guarantee of 150% of the improvement costs. Storm Water and Drainage Trunk Fee. The Developer shall pay a Storm Water and Drainage Trunk Fee as determined within Exhibit M of that certain document known as the STONEBAY PUD NO. 4 AGREEMENT dated _______. The amount of the Storm Water and Drainage Trunk Fee due for Outlots A and D, STONEBAY, was established at S46,S91 with the stipulation that if Outlots A and D are not developed at the same time, the acreage of the outlot being developed divided by the total acreage of both outlots shall detemiine the fraction of the total fee due. Outlot A includes 3.7 acres; Outlot D includes 3.5 acres. The fraction of the Storm Water and Drainage Trunk Fee due for Outlot A is 3.7 / 7.2 = 0.514 or 51.4%. The Storm Water and Drainage Trunk Fee for Outlot A is therefore 0.514 x $46,591 - $23,948. Page IS of 19