4.3 SR 12-05-2022 - Laserfiche WebLink

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309530 special assessments for trunk water and sewer facilities and for lateral sewer and water benefit as provided in this Agreement. 3-) Levy of Special Assessments - Developer has agreed that special assessments shall be levied against the Subdivision for the cost of reconstructing 193rd Avenue and for trunk and lateral utilities, as follows: (01) $23,650.00 for Reconstruction of 193rd Avenue (02) $3,800.00 per gross acre for Trunk Sanitary Sewer and Water (03) Assessments for Lateral Sewer and Water Benefit as provided by the City Assessment Manual 4.) 2ayment gf Special - (01) Special=assessments have been levied against the Subdivision pursuant to Section 3(01) and (02) of this Agreement, and shall be paid in twenty (20) equal semi-annual installments, beginning May 1995, with interest on unpaid installments at the rate of one and one-half percent (1-5%) per annum above the rate at which improvement bonds for the Improvements are sold. (02) Special assessments shall be levied against the Subdivision pursuant to Section 3(03) of this Agreement and shall be paid in eighteen (18) equal semi-annual installments, beginning May 1996, with interest on unpaid installments at the rate of one and one-half percent (1.51-) per annum above the rate at which improvement bonds for the Improvements are sold. 5.) Land Dgdicatign - (01) ?park Dedication - In full satisfaction of the dedication reauirements of Section 1008.18 of the Subdivision Ordinance, the City agrees to accept and the Developer agrees to pay to the City the sum of One Thousand Five Hundred Dollars ($1,500) Der acre for Lots 1 and 2, Block I of the Subdivision, which Developer agrees is equivalent to the fair market value of the land which it would be required to dedicate to develop Lots 1 and 2, Block 1. The above sum shall be paid prior to release of the final plat for recording. Park dedication shall also be required for development of Outlot A. The amount of land to be dedicated, or cash to be paid, shall be determined by the City Council at the time of the replat of Outlot A. (02) Outlo-t B - Outlot B shall be deeded to the City for ponding and drainage purposes_ 6.) Additignal i i - Developer specifically agrees to each of the thirteen (13) conditions identified as Nos- 1-13 on Exhibit B to City Council Resolution No. 95-10 (attached as 2.