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CITYof ORONO <br />RESOLUTION OF THE CITY COUNCIL <br />NO. 948 <br />erosion control measures shall be maintained in working order until the site is re - <br />vegetated. <br />2) The construction limits shall be clearly marked with adequate fencing to prevent <br />any construction damage or disturbance of any trees and vegetation outside of <br />the construction limits area. Developer shall identify trees to be preserved on <br />site, shall mark them on a site plan, and shall take extraordinary measures such <br />as fencing, signage, etc. to ensure they are not disturbed. Developer must strive <br />to maintain perimeter vegetation along Wayzata Boulevard and Highway 12 to <br />the greatest extent possible. <br />G. Landscaping. Developer shall provide a landscaping plan meeting all of the <br />requirements of the RPUD District and the Conservation Design code requirements <br />to the satisfaction of the City Council. All landscaping shall conform to the standards <br />established by City ordinance for the RPUD district <br />H. 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 />I. 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 limited <br />to private roads, curb & gutter where required, landscaping, grading, erosion control, <br />utilities, wetland and wetland buffers, conservation design requirements and <br />stormwater management facility construction, and the applicant shall provide .to the <br />City a financial guarantee of 150% of the improvement costs. <br />J. Storm Water and Drainage Trunk Fee. The standard Storm Water and Drainage <br />Trunk Fee for residential development shall be paid by the developer per the 2010 <br />City Fee Schedule, based on the rate for multifamily residential greater than 4 units <br />per acre (10.63 gross acres @ $7,000 per acre) _ $72,520. <br />K. Park Dedication. The Developer shall pay the standard park dedication fee in lieu of <br />land dedication based on the value of 8% of the land with a minimum residential park <br />fee of $3250 per dwelling unit. Assuming the estimated market value of $1,276,000 <br />from Hennepin County tax records, the minimum fee would apply. Applying the <br />minimum residential park fee, and removing the memory care units, would result in a <br />park fee of $3250 x 35 units = $113,750. <br />Page 9 of 11 <br />