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CITY OF ORONO <br />RESOLUTION OF THE CITY COUNCIL <br />NO. -6-9 8 9 <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 />AT 1'E, T: <br />Anna Carlson, City Clerk <br />6 <br />CITY OF ORONO: <br />Dermis Walsh, Mayor <br />