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,ONp CITY OF ORONO <br /> RESOLUTION OF THE CITY COUNCIL <br /> �� G - NO. 6.9 8 9 <br /> �� -Esxo0' <br /> B. The applicant must provide certified copies of all recorded <br /> easements currently affecting the property. <br /> C. Signed Developers Agreement and Letter of Credit for construction <br /> of improvements. The City Engineer shall establish the amount to <br /> be provided in the Letter of Credit. <br /> D. One original copy of any private covenant, homeowners' <br /> association agreement or other private restriction intended to be <br /> filed in the chain of title of the property at the time the final plat or <br /> survey is recorded. <br /> 3). Fees required: Application fee, Park dedication, Stormwater and Drainage Trunk <br /> enumerated above. <br /> E. Development Agreement. Development Approval is contingent upon the <br /> successful execution of a Development Agreement between the applicant and the <br /> City. Such Agreement shall address all specific City requirements for the <br /> development. <br /> F. Financial Guarantee. The Development Agreement shall include a financial <br /> guarantee by the applicant to ensure the completion of site improvements. The City <br /> Engineer shall complete an estimate of improvement costs, including but not <br /> limited to streets, curb & gutter, sanitary sewers, landscaping, grading, erosion <br /> control, utilities, and stormwater management facility construction, and the <br /> applicant shall provide to the City a financial guarantee of 150% of the <br /> improvement costs. <br /> ADOPTED by the Orono City Council on this 13th day of May, 2019. <br /> ATTE T: CITY OF ORONO: <br /> 4/ec__ <br /> (")-12-1i)71 ' <br /> Anna Carlson, City Clerk Dennis Walsh, Mayor <br /> 6 <br />