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The developer may either request the release of the security bond or cash deposit once all trees on <br /> the development have completed their establishment period, or annually request the release of the <br /> security bond or cash deposit for the linear footage ofright of way in which the trees have completed <br /> their establishment period. <br /> 3. City Planting Option: <br /> Development of a Street Tree <br /> Plan Agreement $100.00 $100.00 <br /> Tree Establishment: <br /> In addition to the above fee, Developer shall <br /> pay the City a one -time fee equal to the estimated <br /> total cost to the City for the purchase, installation, <br /> and establishment of the street trees planted by the <br /> City in accordance with R -7.280 and the approved <br /> Street Tree Plan. This fee does not equal a "per <br /> tree" cost nor represent a specific number of trees <br /> that the City will plant. The total cost to the City <br /> for purchasing, installing, and establishing the trees <br /> in accordance with the Developer's Street Tree Plan <br /> shall be calculated as follows: $7.12/ft.* <br /> *Footage is the total footage of the development site <br /> that abuts street right of way. <br /> Developer is not entitled to a refund of any portion of this one -time fee, nor is Developer required <br /> to pay any amount in addition to this one -time fee, based on the number of trees actually planted by <br /> the City. The City will track lot development, negotiate species with new home owners, plant the <br /> new trees, and ensure they become established. The City will be responsible for replacement of any <br /> trees that fail to survive the establishment period. <br /> For purposes of this fee schedule, the term "development site" means a tract of land under common <br /> ownership or control, either undivided or consisting of two or more contiguous lots of record. <br /> Property under common ownership that is bisected by a public street or alley shall be considered one <br /> development site, unless the land was legally divided. <br /> The proposed text revisions are necessary in order to clarify some of the provisions and to <br /> conform with recently adopted amendments to Street Tree Program Administrative Rule R- 7.280. <br /> The proposed revisions to the method that tree establishment fees are computed provide clear <br /> direction to both the City and Developers, are consistent with applicable policies and directives of <br /> Notice - Exhibit A - 3 <br />