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Covenant for Wetland and Wetland Buffers restrictions, and will be required to have wetland buffer markers installed. The Developer must conform to the City's wetland, wetland buffer and buffer setback requirements within Municipal Code, Chapter 78, Article XI Wetlands Protection. Prior to final development approval by the Orono City Council, the Developer shall provide a $12,000.00 security to guarantee future compliance checks and restoration work, if not completed by the Developer, to bring the buffer into vegetative compliance. The security required in this paragraph shall be made a part of the letter of credit. 19. SITE ACCESS, PARKING AND STREET/TRAFFIC/PARKING SIGNAGE. Vehicular access to the Development/RPUD/PUD #7 shall be via the existing drive, entering from Wayzata Boulevard at the southeast corner of the property. A private street of rural section 24 feet in paved width must be constructed to provide adequate emergency vehicle and delivery vehicle access to the Development/RPUD/PUD #7. Visitor and employee parking in the Development/RPUD/PUD #7 will be provided in a 53 stall surface parking lot. Appropriate street, traffic and parking signage including required stop signs within the parking lots and loading areas to ensure safe parking areas and pedestrian crossing within the Development/RPUD/PUD #7 shall be installed by the Developer subject to review and approval by Orono staff and City Engineer. 20. PARK DEDICATION AND TRAILS. The Developer shall pay the standard park dedication fee in lieu of land dedication based on the value of eight percent (8%) of the land with a minimum residential park fee of $3,250.00 per dwelling unit. Assuming the estimated market value of $1,276,000 from Hennepin County tax records, the minimum fee would apply. Applying the minimum residential park fee, and removing the memory care units, would result in a park fee calculated as follows: $3,250.00 x 42 units = $136,500 The Development/RPUD/PUD #7 abuts the MnDNR's Luce Line Trail. The proposed senior housing facility will be located at least sixty (60) feet from the trail right-of-way. There is no proposed pedestrian connection from the Development/RPUD/PUD#7 to the Luce Line Trail. 156433v06 8 ORONO/Orono Senior Housing Project SRN:r04/12/2011 No. 11-3498(875 Wayzata Boulevard)