5.4. ERMUSR 09-08-2009 - Laserfiche WebLink

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ELK RIVER STATION REQUEST FOR CITY SUPPORT 1. Waiver of local government development fees With 53 units, the City of Elk River is asked to reduce the $192,867 park dedication fee by 13% for a project savings of $25,000. 2. Reduction of infrastructure costs The city is allowing a reduction in the number of parking stalls that their code requires. This will allow more grass areas that would have been impervious surface for a savings of 2,650 sf at $3/sf totaling $7,950. 3. Density bonus The City of Elk River zoning code allows for only 38 units buildable acre. Through the PUD process, we are allowing 53 units. Adding 15 units at $15,000/unit equals $225,000. 4. Flexibility in zoning code requirements The project has been rezoned from single family to multi-family through our PUD process. This would allow 38 rather than 8 units to be built on the site. Adding 30 units at $15,000/unit equals a $450,000 savings in land costs. 5. WAC/SAC reductions The City of Elk River assesses the development a $172,950 SAC fee and Elk River Municipal Utilities assesses the development a $84,800 WAC fee at the time of building permit. By deferring both fees for one year a 3% interest, we realize a project savings of $7,732. 6. Fast-tract permitting The City of Elk River is assisting the development by fast-tracking the approval process. All plans and studies would normally have had to be in by Aug 10th to be heard at our Sept. 21st council meeting. We've accepted plans, reports and studies in late Aug. and waived others to get the required action before the state deadline.