Res. #22-016 - Approving Land Use Documents for the Fairview Second Addition Plat

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of $10,000 cash escrow for payment of these accrued or future costs in the amounts listed in city code. The City shall draw against the escrow to reimburse itself for all such costs and upon request shall provide the Owner with a detailed report itemizing all costs charged to the Owner by date, hourly rate (if applicable), time in tenths of hours spent, and description of the work or services performed. The Owner agrees that the City has the right to request additional deposits from time to time based on the City's estimates of future out-of-pocket costs and replenish such escrow. Unless excused by the City Council, the Owner shall maintain the escrow for a period of one-year after either the termination of this agreement or completion of all construction and the obligations set forth in this Agreement, whichever period is longer. These costs shall be detailed in invoices to the Owner. The City shall issue a schedule of fees for its known out-of-pocket costs and those of its consultants. The City's annual, published fee schedule is available at CentervilleNM.com. Fees forprofessional services are stated below. Other costs shall be passed throughto the Owner at cost. Professional Service Fees: Professional Fees City Staff Hourly Rate Public Works $75 Engineering $150 Stantec I planning, engineering. inspection Phil Carlson, Planner $178 Craig Larson $166 Chad Johnson, Inspections $168 Brandon Johnson, ETT $136 Berglund. Baumgartner. Kimball & Glaser (legal services) Senior Attorney $300 Paralegal $110 Upon ten days written notice to Developer, the City may halt plat development and construction for any unpaid bills until they are paid in full, and the escrow replenishedto its original amount. Owner that are not paid within thirty (30) days shall accrue interest at the rate of six DEVELOPMENT & SURDIVISION AGREEMENT CENTERVILLE AND AMAZON.COM Draft Version 061202/2022 v2 Page 10