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HomeMy WebLinkAbout2015-074 RESOLUTION NO. 2015-074 APPROVING STORM WATER IMPACT FEES FOR NEW DEVLOPMENTS IN THE ANNEXATION AREA WHEREAS,pursuant to resolution of the council adopted February 2, 1999 storm water trunk charges for the expansion area were developed and WHEREAS, fees were recalculated and adjusted by Council on March 4th 2003 and WHEREAS, the City Council and has determined the remaining Trout Stream Mitigation Project costs are to be shared among the estimated 165 acres of residential and the 57 acres of commercial property though the use of the Trunk Sewer charges as listed below: Residential Rate: $5,675 per acre Commercial/Multi-Family Rate: $11,350 per acre NOW,THERFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF STILLWATER, MINNESOTA 1. The Trunk Storm Sewer Charges presented are hereby approved. 2. The Trunk sewer charges for all new developments are hereby effective April 21, 2015. 3. The rates shall be reevaluated and adjusted annually according to the Construction Cost Index (CCI). Adopted by the City Council,this 21St day of April 2015. r Ted Kozlowski, Ma••r ATTEST: Diane F. Ward, City Clerk