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2021-09-22 CC Packet
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2021-09-22 CC Packet
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9/17/2021 6:15:03 PM
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<br />E TO SUBDIVISION AGREEMENT <br />Subdivision Fees <br />R&R Leasing, Inc. <br /> <br />Subdivision Fees - Exhibit E <br />tǒĬƌźĭ LƒƦƩƚǝĻƒĻƓƷ /ƚƭƷƭ ğƓķ {ĻĭǒƩźƷǤ <br />Total Public Infrastructure Cost385,523.26 <br />Security 150% of Public Infrastructure Costs <br />Security owed to City (bond or letter of credit)$578,284.89 <br />{ǒĬķźǝźƭźƚƓ ğƓķ 5ĻǝĻƌƚƦƒĻƓƷ CĻĻƭ <br />Per Development Agreement, fees are owed by Developer but may be transferred to parcel owner. <br />Fees will be calculated at the time of building permit at the rate set by the City's Fee Schedule <br />applicable at that time. The fees below are the applicable fees as of 8/25/2021. The actual rates and <br />fees calculated at the time of the building permit may be higher than these amounts. <br />REU = Residential Equivalency Unit as calculated at time of building permit <br /> <br />ƷźƌźƷǤ CĻĻƭ <br />SAC (MCES)$2,485 per REUTBD <br />SAC (City)$2,300 per REU TBD <br />WAC$1,850 per REU TBD <br />Storm Water Area Charge (per Square Foot fee)$0.07 <br />Sutton Site (square feet)341,034 <br />Extension of Fairview (square feet)23,483 <br />364,517 <br />Stormwater Area Charge$25,516.19 <br />tğƩƉ 5ĻķźĭğƷźƚƓ CĻĻƭ ƦǒƩƭǒğƓƷ Ʒƚ /źƷǤ /ƚķĻ ЊЎЌ͵ЊЎΛ.Μ ğƓķ /źƷǤ CĻĻ {ĭŷĻķǒƌĻ <br />$2175 per acre, or 10% of market value, which ever is greater. <br />Sutton Transport Plat15 Acres <br />$2175 x 15 Acres$32,625.00 <br />Anoka County Taxable Property Value 2021$516,300 <br />$516,300 x 10%$51,630.00 <br />Park Dedication Fee$51,630.00 <br /> <br /> <br /> <br />Version 09/17/2021 Page 29 <br /> <br />
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