Laserfiche WebLink
City to commence an Interpleader action pursuant to Rule 22, Minnesota Rules of Civil <br />Procedure for the District Courts, to draw upon the Security and Additional Security in an <br />amount up to 150% of the claim(s) and deposit the funds in compliance with the Rule, and upon <br />such deposit, the Developer shall release, discharge, and dismiss the City from any further <br />proceedings as it pertains to the Security or Additional Security deposited with the District <br />Court, except that the Court shall retain jurisdicti <br />Agreement or this Supplement. <br />15. FEES. In addition to those fees set forth in the Agreement, the following fees are <br />required by law and shall apply to development of the Second Addition. <br />A. Storm Water Area Charge <br />The Storm Water Area Charge is calculated based the amount of platted property <br />(558,267 square feet) multiplied by the fee rate per square foot ($0.05739). <br />The Storm Water Area Charge equals 558,267 x $0.05739 = $32,038.94. <br />These fees must be paid in full in cash upon execution of this Supplement and approval <br />of the Final Plat for the Second ely pay fees shall constitute a <br />default and constitutes grounds for denial of building permits. <br /> 16. FIXTURE INSTALLATION, ACCEPTANCE AND WARRANTY <br /> A. The Developer shall be responsible for the cost and installation of public <br />improvement such as street lighting, street signs and traffic signs consistent with the Plans and <br />specifications approved by the City. Before the City signs the Final Plat, the Developer shall pay <br />these costs either to the City to procure or install same, take responsibility for procurement and <br />installation of same, or employ combination thereof. The cost of street lighting, street signs and <br />traffic signs installation are set forth in the attached table, Exhibit D. <br />Version 3/30/3030 - 1 Page 10 <br /> <br />