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eligible expenses incurred by the City exceed the amount in escrow and are not promptly <br />reimbursed by the Developer, the City shall have the right to certify the unpaid balance to the <br />subject property pursuant to Minn. Stat. §§ 415.01 and 366.012. The Balance on deposit in the <br />escrow, if any, shall be returned to the Developer when the Development has been completed <br />and written notification is received from the Developer requesting the funds. <br />19 STORM WATER AND DRAINAGE TRUNK FEE. The Land is subject to <br />the standard Stone Water and Drainage Trunk Fee for three new two -acre lots at $4,030.00 per <br />lot. <br />$4,030.00 per acre per lot x 3 lots = (4,030 x 2 x 3) = $24,180.00 <br />20. PARK DEDICATION FEE. The Land is subject to the standard Park <br />Dedication Fee requirement for the City of Orono. Because the value of each newly created lot <br />in the Plat will be in excess of the threshold value of $69,375.00, the eight percent (8%) park <br />fee cap of $5,550.00 per lot will apply; therefore, the Park Dedication Fee is calculated as <br />follows: <br />3 lots x $5,550.00 per lot = $16,650.00 <br />21. LANDSCAPING. All landscaping shall be installed in accordance with the <br />approved landscape plan. Developer shall post a $69,277.00 landscaping security at the time of <br />final Plat approval to ensure that the landscaping is installed win accordance with the approved <br />Plan. <br />22. SPECIAL PROVISIONS. The following special provisions shall apply to <br />development of the Land: <br />A. Implementation of and adherence to the findings and conditions listed in <br />(1) Resolution No. 6835 approving the Preliminary Plat for Southways File No. 18-3998, adopted <br />9 <br />Southways V3 <br />