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SAC and WAC Fees for Downtown Redevelopment Projects <br />August 25, 2004 Special Meeting of City Council and Elk River Mumcipal UtiLities <br />Page 2 of 2 <br /> <br />Bluff Block continued <br /> <br />Commercial (7 Units) <br /> WAC Rate $1,500/unit Total Due <br /> SAC Rate $2,000/unit Total Due <br /> <br />$ 10,500 <br />$ 14,000 <br /> <br />Jackson Block <br />Residential (32 ~ 0.8 = 25.6 units) <br /> WAC Rate $1,500/unit <br /> SAC Rate $2,000/unit <br /> <br />Total Due $ 48,000 <br />Total Due $ 64,000 <br /> <br />Commercial (10 Units) <br /> WAC Rate $1,500/umt <br /> SAC Rate $2,000/unit <br /> <br />Total Due $ 15,000 <br />Total Due $ 20,000 <br /> <br />Totals WAC $175,500 <br /> SAC $ 234,000 <br /> <br />Staff requests the Council and Utilities Commission discussion and direction regarding how <br />SAC and WAC fees could be calculated for this and furore downtown redevelopment <br />projects. <br /> <br /> <br />