HomeMy WebLinkAbout2021-08-25 Handout at CC Meeting
Subdivision Fees - Exhibit E
Public Improvement Costs and Security
Sanitary Sewer 67,195.50
Watermain 76,892.50
Storm Sewer 101,645.31
Streets 255,193.10
Pond Grading/Erosion 39,100.00
Total Public Infrastructure Cost540,026.41
Per law, 150% of Infrastructure Costs810,039.62
Security owed to City (bond or letter of credit)$810,039.62
EXHIBIT “E TO SUBDIVISION AGREEMENT
Subdivision and Development Fees
Subdivision Fees
Per Development Agreement, fees are owed by Developer but may be transferred to parcel owner.
Fees will be calculated at the time of building permit at the rate set by the City's Fee Schedule
R&R Leasing, Inc.
applicable at that time. The fees below are the applicable fees as of 8/25/2021. The actual rates and
fees calculated at the time of the building permit may be higher than these amounts.
REU = Residential Equivalency Unit as calculated at time of building permit
Utility Fees
SAC (MCES)$2,485 per REU
SAC (City)$2,300 per REU
WAC $1,850 per REU $8,100 per REU
Storm Water Area Charge $0.07 per Square Foot
Park Dedication Fees pursuant to City Code 153.15(B) and City Fee Schedule (per parcel basis)
Park Dedication Fee (for residenial use) 10% of fair market value or $3,000 per residential unit
Park Dedication Fee (for non residential use)10% of fair market value or $2,175 per acre
Version 08/25/2021 Page 29