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CITY OF ORONO <br />RESOLUTION OF THE CITY COUNCIL <br />NO. <br />8) A title opinion for the Property and certified copies of all recorded easements currently <br />affecting the Property shall be submitted. <br />9) A Development Contract including provision of financial security including a Letter of Credit <br />and escrow to ensure that all site improvements are installed and maintained to the City's <br />specifications and satisfaction, and to establish conditions for future development of the site <br />shall be executed. <br />10) Payment of Development Fees: <br />a. Park Dedication Fee: $5,550. <br />b. Stormwater and Drainage Trunk Fee: $8,060.00. <br />c. Final Plat Application Fee: $500.00. <br />11) The City Clerk shall release the plat documents for filing only upon certification by the City <br />Attorney, Community Development Director and City Engineer that all requirements of the <br />platting regulations have been satisfied. <br />12) The aforesaid plat shall be filed by the City of Orono with Hennepin County on or before <br />December 24, 2019, together with a certified original copy of this resolution and executed <br />copies of the easements and covenants pertinent thereto. <br />13) Violation of or non-compliance with any of the terms and conditions of this resolution may <br />result in the termination of any authority granted herein. <br />ATTEST: <br />ADOPTED by the Orono City Council on this 24th day of June, 2019. <br />CITY OF ORONO: <br />Anna Carlson, City Clerk Dennis Walsh, Mayor <br />