Common Contracts
1 similar Impact Fee Agreement contracts
MEMORANDUMImpact Fee Agreement • December 17th, 2010
Approval is requested for an impact fee agreement with Norstar, developer of Sunrise Park Apartments, a 196-unit complex located on the south side of Burns Ave. at the Old Scenic Highway. The agreement authorizes water impact fee credits for construction by the developer of a water main connecting the development with the City’s Burns Avenue water plant. The water line will provide required fire flow (water pressure) for the 5-story senior apartment building proposed in Phase 2 of the development and will improve the City’s water distribution system in the neighborhoods on the south side of Burns Avenue. Reimbursement to the developer is capped at 50% of project costs, not to exceed $50,000.
