Laserfiche WebLink
Elk -.-- Request for Action <br /> River <br /> To Item Number <br /> Economic Development Authority 3.5 <br /> Agenda Section Meeting Date Prepared by <br /> Consent October 20, 2014 Jeremy Barnhart, Deputy Director, COD <br /> Item Description Reviewed by <br /> Natures Edge Business Center Second addition <br /> funding authorization <br /> Reviewed by <br /> Action Requested <br /> Approve, by resolution, the transfer of$208,313.70 to the City to pay park dedication and surface water <br /> management fees. <br /> Background/Discussion <br /> Last month, the City Council approved the final plat of Natures Edge Business Center, second addition. <br /> Prior to release of the plat for recording, the park dedication and other fees must be paid. These fees, <br /> based on intended use of the property, are as follows: <br /> Park dedication/ surface water management <br /> Lot description Size Use Park dedication Storm water <br /> Lot 1 Block 1 6.29 Commercial $ 46,822.76 $ 8,095.23 <br /> Lot 2 8.51 Industrial $ 21,147.35 $ 10,952.37 <br /> Lot 1 Block 2 7.24 Commercial $ 53,894.56 $ 9,317.88 <br /> Lot 2 6.95 Industrial $ 17,270.75 $ 8,944.65 <br /> Lot 1 Block 3 3.65 Commercial $ 27,170.60 $ 4,697.55 <br /> $ 166,306.02 $ 42,007.68 <br /> I $ 208,313.70 <br /> Industrial rate, park $ 2,485.00 <br /> Commercial rate,park $ 7,444.00 <br /> Surface water rate $ 1,287.00 <br /> P O W E R E D 111 <br /> Template Updated 4/14 NATUR <br />