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3. Benefit Area. "Benefit Area" shall be those properties designated on Exhibit "A" attached hereto and incorporated by reference herein. 4. Existing Units Exempt. NO~~1 existing housing units ~•ithin the Benefit Area which have not yet connected to the sewer system shall be exempt from payment of these oversizing costs even if said existing units connect to the secaer system within the tern of this agreement. 5. Peimbursement Principle. Each property within the Benefit Area shall bear its proportionate share of oversizing costs in accordance with the number of additional units developed thereon. Z'he oversizing reimbursement fee is calculated by dividing the oversizing cost as calculated in Exhibit B ($88,941.30) by the number of units anticipated to develop within the Benefit Area within the next ten years as calculated in Exhibit E (1,070 units). 6. Establishment of Fee. City shall collect an oversizing reimbursement fee of $83.00 per unit for said sewer facilities pursuant to the calculations and engineering data set forth on Exhibit "B" attached hereto and incorporated by reference herein. An annual interest rate of eight percent (8%) shall be added to the fee for each calendar year after 1985. See Exhibit "C", for. schedule of fees adjusted to reflect interest charges. 7. Time of Collection. City will collect oversizing reimbursement fees at time of first subdivision or issuance of a building permit, whichever comes first. In the case of any property which develops in a commercial use, the oversizing reimbursement fee shall be based upon ,residential discharge equivalents (RDE's). In the case of subdivision of PUD zoned lands for which no specific development plan has been approved, charges will be based upon general plan .land use designations as follows: Low Density Residential 2 un=its per acre Medium Density Residential 8 units per acre High Density Residential 15 units per .acre 8. Distribution of Fees Collected. Based upon calculations set forth in Exhibit "B", oversizing reimbursement fees collected pursuant to this agreement shall be paid out in accordance with the following percentages: DKB/Shelter Capital 73.43% Corrie/Gentry 17.36% Shea Homes 4.45% City 4.76% 100.00% The percentage allocated to the City~is the cost of administration and is equal to 50 of actual oversizing costs. - 2