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to time based on the City’s estimates of future out-of-pocket costs and replenish such escrow. <br />Unless excused by the City Council, the Owner shall maintain the escrow for a period of one-year <br />after either the termination of this agreement or completion of all construction and the obligations <br />set forth in this Agreement, whichever period is longer. These costs shall be detailed in invoices <br />to the Owner. <br /> The City shall issue a schedule of fees for its known out-of-pocket costs and those of its <br />consultants. The City’s annual, published fee schedule is available at CentervilleMN.com. Fees <br />for professional services are stated below. Other costs shall be passed through to the Owner at cost. <br /> Professional Service Fees: <br />Professional Fees <br /> <br />City Staff Hourly Rate <br />Public Works $75 <br />Engineering$150 <br /> <br />Stantec (planning, engineering, inspection) <br />Phil Carlson, Planner $178 <br />Craig Larson $166 <br />Chad Johnson, Inspections $168 <br />Brandon Johnson, EIT $136 <br /> <br />Berglund, Baumgartner, Kimball & Glaser <br />(legal services) <br />Senior Attorney$300 <br />Paralegal$110 <br /> Upon ten days written notice to Developer, the City may halt plat development and <br />construction for any unpaid bills until they are paid in full, and the escrow replenished to its original <br />amount. Owner that are not paid within thirty (30) days shall accrue interest at the rate of six <br />percent (6%) per year until paid. City may at its option draw against the Security to reimburse <br />itself for such costs. <br /> Before the City signs the Final Plat, Owner must pay or satisfy all of these costs, and any <br />other unpaid governmental fees, assessments, judgments, or real estate taxes, plus any penalty and <br />interest. <br />DEVELOPMENT & SUBDIVISION AGREEMENT <br />CENTERVILLE AND BANJO <br />Draft Version 05/20/2022v3 – for Council Packet- Page 10 <br /> <br />