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p CITY OF ORONO <br /> RESOLUTION OF THE CITY COUNCIL <br /> yF 4 NO. 71 77 <br /> G <br /> lRkESH0°' <br /> This fee is estimated as$120,250.00. The fair market value is estimated based on the table <br /> below: <br /> Park Dedication calculation: <br /> Predevelopment Value(Land Only) $600,000 <br /> 8%of this value $48,000 <br /> Divided by the number of new lots(37) $1,297.30 <br /> If less than 3,250,then fee equals$3,250 x 37 $120,350.00 <br /> L. Sewer and Water Connection Charges.Municipal sewer and water utilities is described <br /> in the Conditions section above. These fees are at $161,690 for municipal water and <br /> $199,060 for municipal sanitary sewer. These amounts will be due and payable at the <br /> time of final plat approval. <br /> 4. This General Concept Plan and Preliminary Plat approval is based upon the known issues that may <br /> affect this project, but this approval does not limit the City from revising or amending these <br /> conditions as the review process continues. <br /> 5. This Approval shall be effective until December 31, 2022 per the provisions of Zoning Code <br /> Section 78-628. If General Development Plan and Final Plat Approval is not granted by that date, <br /> the terms and conditions of this resolution shall be null and void. The City Council at its sole <br /> discretion may extend this effective period. / <br /> ADOPTED bythe Orono CityCouncil on this /tel Gt l?' <br /> � day of , 20ZI. <br /> ATTE T: CITY OF ORONO: <br /> CAI-W21 .1 <br /> Anna Carlson,City Clerk Dennis Walsh,Mayor <br /> 14 <br />