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j. <br />4. <br />G.Park Dedication. The Developer shall pay a Park Dedicatiorr Fee in lieu of <br />land dedication as determined within Exhibit M of that certain document known <br />as the STONEBAY PUD NO. 4 AGREEMENT dated . The <br />amount of the Park Dedication Fee due for Outlets A and D, STONEBAY, <br />was established at $98,970 with the stipulation that if Outlets A and D arc not <br />developed at the same time, the acreage of the outlet being developed divided <br />by the total acreage of both outlets shall determine the h^action of the total fee <br />due. Outlet A includes 3.7 acres; Outlet D includes 3.5 acres. The fraction <br />of the Park Dedication Fee due for Outlet A is 3.7 / 7.2 = 0.514 or 51.4%. <br />The Park Dedication Fee for Outlet A is therefore 0.514 x $98,970 “ <br />$50,870. <br />Sewer and Water Connection Charges. The Developer shall pay sewer <br />and water connection charges to the City as determined within Exhibit M of <br />that certain document known as the STONEBAY PUD NO. 4 AGREEMENT <br />dated ______ . The amount of the Sewxr and Water Connection Charges <br />due for Outlets A and D, STONEBAY, was established at $101,486 with the <br />stipulation that if Outlots A and D are not developed at the same time, the <br />acreage of the outlet being developed divided by the total acreage of both <br />outlots shall detennine the fraction of the total fee due. Outlet A includes 3.7 <br />acics, Outlot D includes 3.5 acres. The fraction of the Sewer and Water <br />Connection Charges due for Outlot A is 3.7 7.2 - 0.514 or 514%. The <br />Sewer and Water Connection Charge due for Outlot A is therefore 0.514 x <br />$101,486 - $52,164. <br />1 Iris General Concept Plan Approval resolution approves the development concept subject to <br />the applicant meeting the requirements of this resolution and all other requu-ements of the City. <br />This resolution does not constitute approval of the rc/oning. Such approval shall only be <br />considered when the City Council finds that all “Conditions for Development Phut Approval ” <br />as identified herein have been met. <br />This General Concept Plan Approval shall be effective for a period of 6 months from the date <br />of this resolution. If Development Plan Approval is not granted within that period, the terms <br />and conditions of this resolution shall be null and void. The City Council at its sole di.scretion <br />may extend this effective period. <br />Page 16 ofl9 <br />uiiuaiBii