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Phasing <br /> A. Residential. Proration:The number of dwelling units within each Phase divided by the total <br /> number of units within all Phases shall determine the fraction of the total SW&DT fee due <br /> for each Phase. <br /> B. Commercial. Proration: If Outlots A and D are not developed at the same time,the acreage <br /> of the outlot being developed divided by the total acreageofboth outlots shall determine the fraction <br /> of the total Commercial SW&DT fee due. <br /> IV. Credits <br /> A.Park Pee Credit for Trails Construction. <br /> The developer shall be granted a credit toward park fees for the costs of construction(but not the <br /> land cost or easement cost)of the public trail that will be required along Willow Drive and through <br /> the commercial outlots, not including sidewalks along Kelley Parkway or within the residential <br /> development. At an estimated construction cost of$20 per lineal foot,the trail credit is estimated to <br /> be a total reduction of appi uximately$68,000. The City Engineer shall verify the actual costs of trail <br /> construction for purposes of determining the final credit amount. <br /> B. SW&DT Fee Credits. <br /> 1. Developer shall be credited for provision of excess capacity in water lines the City has <br /> required to be 12" vs. 8" and any offsite watennain improvements. <br /> 2. Developer shall be credited for a portion of the costs to construct the regional pond and <br /> offsite drainage facilities, such cietlit to be based on the difference between the cost of a <br /> pond with capacity needed to serve just the StoneBay and associated commercial <br /> development, and the cost of the regional pond and offsite drainage facilities_ Developer <br /> shall calculate this cost differential and City Engineer shall verify. <br /> 3. Developer shall be credited for the actual cost plus 12% design cost for incremental <br /> cost/benefit of providing storm sewer to the properties to the west of StoneBay(i.e.2 dental <br /> office sites). <br /> C. Credit Format. <br /> Credits will be in the form of a reimbursement to the Developer for actual costs as verified <br /> by the City Engineer. <br /> V. Inflation Adjustments <br /> A. Park Fees. Park Fee amounts as established in this Exhibit shall notbe subject to inflationary <br /> adjustment. <br /> Page 3 of 4 <br />