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� °� 0 0 � '� CITY of ORONO � ,� ' � . . � ,. ti � �� G'�' RESOLUTION OF HE CITY COUNCIL L`q.kE KOg'� NO. � � � � S 2. Rezoning of the portion of property north of Kelley Parkway to RPUD � Residential Planned Unit Development District; 3. Establishment of conditions for development within PUD No. 4; and WHEREAS, the Applicants have agreed to execute Planned Unit Development No. 4B Agreement & PUD/Development Contract providing for the installation of certain improvements as a condition of site plan approval for the construction of the Stonebay Lofts, a 57-unit residential condominium building, and which Agreement documents the general and detailed conditions for use and development of the Property; and WHEREAS, the Developer has completed or has agreed to complete all other . requirements of the Zoning Code and related Ordinances of the City including: 1. Submittal of Minnehaha Creek Watershed District(MCWD)permit approving the � erosion control, grading and stormwater management facilities plan for the development of the Property per a Grading, Drainage and Erosion Control Plan to be submitted by the Developer subject to approval by the City Engineer. 2. Payment to the City of Stormwater and Drainage Trunk Fees for the development of the Property in the amount of $94,404 based on the following formula as established in • Exhibit M of the Planned Unit Development No. 4 Agreement: Trunk Fee,2005 Fee Schedule=$5,825 per acre Gross acreage of Residential portion of STONEBAY=41.55 acres Subtotal Resideutial SW&DT Fee=41.55 x$5,825=$242,029 . . Transfer from commercial: Gross commercial SW&DT Fee: 9.90 acres x$6,655/acre=$65,885 � Net commercial SW&DT Fee: 7.19 acres x$6,655/acre=$47,849 Transfer to Residential=$65,885-47,849=$18,036 � Total Stonebay Residential SW&DT Fee=$242,029+ 18,036=$260,065 Proration:Lofts units/total units=portion due for Lofts Lofts=57 units Total units(after Lofts reduction)= 157 units 57/ 157=0.363 x$260,065=$94,404 3. Payment of Sewer and Water Connection Charges for the development of the Property in the amount of$241,157 based on the following formula as established in Exhibit M . of the Planned Unit Development No. 4 Agreement: � • 1989 Hwy 12 Area Sewer Connection Charge(�005 Fee Schedule)_$5,655/acre � 1989 Hwy 12 Area Water Connection Charge(2005 Fee Schedule)_$9,355/acre Subtotal Sewer and Water Connection Charges=$15,010/acre Page 2 of 7 � � � � :� . . „ _ . ., . . ;� �. ,. . .� �;. . . . . . . „ _. ,.