Res 2003-092 - Laserfiche WebLink

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E. The Developer will actively work with higher education officials for the donation of a site on the Property for a satellite higher education campus. 3. Agreements by the City. The City agrees as follows: A. City Inspections and Acceptance. The City will: 1. Inspect the construction of the Off-Site hnprovements as construction progresses; 2. Inspect the Off-Site Improvements upon completion of construction; and 3. Issue a certificate of acceptance of the Off-Site Improvements to the Developer when a) all required inspections are passed, b) the Developer submits a one-year warranty against defects in materials and workmanship in the Off-Site Improvements, and 3) the Developer's engineer submits complete as-built draxvings for the Off-Site Improvements to the City. B. The City will reimburse to the Developer 25% of the cost of the Off-Site Improvements (not to exceed the sum of $180,213 for the water line and $174,404 for the wastewater line), at the size needed to serve the Project upon buildout, as verified by the City Director of Enviro~m~ent and Engineering. The Developer will invoice the City for this amount upon completion of the Off-Site Improvements and acceptance by the City, and the City will pay this amount to the Developer in a lump sum within 30 days of the receipt of the invoice. C. The City will reimburse the Developer 100% of the cost of oversizing the Off-Site Improvements (not to exceed the stun of $71,777 for the water line and $78,791 for the wastewater line), determined as the difference in the cost of the improvements between the size needed to serve the Project upon buildout and the size requested by the City, as verified by the City Director of Environment and Engineering. The Developer will invoice the City for this amount upon completion of the Off-Site Improvements and acceptance by the City, and the City xvill pay this amount to the Developer in a lump sum within 30 days of the receipt of the invoice. D. The City will reserve, for a period of ten years after substantial completion of the Off- Site Improvements (the "Reservation Period"), 2,618 service units of water line capacity and 2,786 service units ofwastewater line capacity (the "Developer's Reserved Capacity") in the Oft'- Site Improvements for use by the Developer or its assigns on the Property. The Developer's Reserved Capacity will be in service units (SU) determined by using the City's wastewater impact fee service unit calculations formula in effect as of September 30, 2002. The Developer's Reserved Capacity will be reduced for each impact fee service unit issued by the City to the Developer or its assigns for use of the Off-Site Improvements, and the resulting Reserved Capacity will be deemed the "Developer's Adjusted Reserved Capacity". The City agrees to honor requests by the Developer or its assigns to connect to the Off-Site Improvements to the extent of the Developer's Adjusted Reserve Capacity. The City, prior to issuing each impact fee service unit to any person other than the Developer or its assigns for use of the Off-Site Improvements, will review whether there is sufficient capacity in the Off-Site Improvements (i.e., line capacity minus existing connections and minus the Developer's Adjusted Reserved Capacity) to allow for issuaoce of the service unit xvhile protecting the right of the Developer to