04-07-2025 JDA Agenda Packet - Laserfiche WebLink

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17 TW185\1\1011577.v13 Administrative/ Engineering Fee. In order to cover the cost of this fee, Developer will provide a $30,000.00 escrow (the “Administrative Escrow”), which is separate and in addition to any other escrow funds required under this Agreement. 22. TCAAP DEVELOPMENT PROFESSIONAL SERVICES CHARGE. The Developer shall pay a fee for the planning costs used by the JDA in its preparation of documents and other associated redevelopment activities as authorized with Section 3.7.2 and 3.7.3 of the Joint Powers Agreement. The fee for 2025 is $2,743.00 per acre, for total of $26,881.40 for 9.8 Acres. 23. CLAIMS. The Developer shall indemnify and defend the JDA from and against any claims made by subcontractors employed by Developer to provide labor, materials, or otherwise perform work for the Project due to nonpayment from the Developer (“Subcontractor Claims”). Additionally, Developer hereby authorizes the JDA, the City or the County, as applicable, to commence an Interpleader action pursuant to Rule 22, Minnesota Rules of Civil Procedure for the District Courts, to draw upon the letters of credit in an amount up to 100 percent of the Subcontractor Claim(s) and deposit the funds in compliance with the Rule, and upon such deposit, the Developer shall release, discharge, and dismiss the JDA, the City, or the County from any further proceedings as it pertains to the letters of credit deposited with the District Court, except that the Court shall retain jurisdiction to determine reasonable attorneys’ fees pursuant to this Agreement. 24. SANITARY SEWER CHARGE. Prior to the issuance of a building permit for the Project, Developer shall pay charges for sanitary sewer. The sewer connection fee will be collected at the rate as adopted in the city fee schedule at the time of issuance of the building permit based on per acre or portion thereof. A sewer availability fee in an amount to be determined based on