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2010-05-13 Guardian Angels Development Fees NAC NORTHWEST ASSOCIATED CONSULTANTS, INC. 4800 Olson Memorial Highway, Suite 202, Golden Valley, MN 55422 Telephone: 763.231 .2555 Facsimile: 763.231.2561 planners @nacplanning.com MEMORANDUM TO: Dan Dixon James Bartz FROM: Alan Brixius DATE: May 13, 2010 RE: Albertville — Guardian Angels FILE NO: 163.06 —10.09 The following development fees are associated with the Guardian Angels senior housing project: Zoning and Subdivision: Application Fees Escrow* Rezoning — Planned Unit Development $400 + $50 per lot $5,000 Preliminary Plat $450 $5,000 Final Plat $400 $2,500 *All consultant charges associated with the review and processing of the development applications shall be passed through to the applicant. If review charges exceed the escrow, the applicant shall be responsible for said costs. Administrative Fee: Prior to release of the final plat, the applicant shall pay an administrative fee equal to 3.5 percent of the costs of all municipal improvements installed in or on the plat. Park Dedication: $3,300 per dwelling unit Landscaping Security: The City will require as part of the development agreement, the applicant to post a landscaping financial security in the form of a letter of credit or escrow in the amount of 150% of the estimated cost for finished landscaping (this include both materials and labor). The security is held until all landscaping is complete. However, the security may be reduced periodically reflecting completed work. Building Permit Fees: Building permit fees are calculated based on the value of the proposed building per the attached schedule. Additional Building permit fees may include the following: Sewer and water connection review fee: $200 per connection. Engineer's as built inspection: $150 Sewer and water contractor city license: $ 50 Rental Registration: All rental properties within Albertville shall be registered with the City. The registration fee is $150 per building plus $10 per unit. Utility Fees: SAC: $4,600 per REU* WAC: $2,951 per REU* *REU = residential equivalent unit. To determine the REUs for assisted living, use the following formula: No washer /dryer in each unit = 3 residents per 1 REU Washer /dryer in each unit = 2.5 residents per 1 REU Calculate the number of residents as follows: Number of efficiency units X 1.0 resident/unit + Number of one bedroom units X 1.5 residents /unit + Number of two bedroom units X 2.0 residents /unit + Number of three bedroom units X 3.0 residents /unit = Total number of residents for calculation Trunk Fees: Water: $1,925 per gross acre ** Sanitary Sewer: $2,055 per gross acre ** Stormwater: $1,500 per gross acre ** ** The total acreage of project site is 15.26 acres. 2 Tax Increment Financing: If tax increment financing is requested, the City will pass through all expenses related to the drafting a tax increment plan, establishing a TIF district, and creating the development contract to the development project. The City will require an upfront escrow of $10,000 dollars to cover initial City expenses. All costs associated with the development of the TIF plan, district and financing are TIF eligible expenses the can be recouped through TIF revenues. If you have any questions regarding the fees, please contact me at your convenience. 3