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control, utilities, driveways and parking areas, trails, sidewalks, retaining walls and stormwater <br />management facility construction, and the applicant shall provide to the City a financial <br />guarantee of 150% of the improvement costs. <br />□ Storm Water and Drainage Trunk Fee. The standard Storm Water and Drainage Trunk <br />Fee for commercial development shall be paid by the developer at the rate of $6,480 per acre <br />(2002 Fee Schedule). The City Council shall determine prior to final Development Plan <br />approval whether the Developer will be charged additional fees for off-site stormwater <br />improvements that benefit this property. The Storm Water and Drainage Trunk Fee shall not <br />be charged for the acreage within the Adjacent Parcel that is to be developed to serve the <br />property; said Fee for the acr. ^ in the Adjacent Parcel shall be charged at the time the <br />Adjacent Parcel is developed. <br />□ Sewer and Water Connection Charges. The applicant shall pay sewer and water <br />connection charges to the City in an amount to be arrived at by use of the following formula: <br />A - 2 X 2.0 acres x $14,115/acre “ Connection Charge Due <br />A <br />where: A = number of SAC units required for the office building <br />2 = number of sewer/water units paid previously <br />2.0 acres = area of the Property <br />$14,115 = per-acre connection fees for 1989 Highway 12 municipal <br />sewer & water project. <br />Additional Items to Remember: <br />- Applicants' architect shall submit final development plans to the Metro Council Environmental <br />Services to determine the exact number of SAC units to be charged at the time of the issuance <br />of building permits. <br />Page 4 of 4