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CITY OF ORONO I RESOLUTION OF THE CITY COUNCIL NO. 7207 e G `gKESHO Engineer shall review an estimate of improvement costs provided by the applicant, including but not limited to stormwater management, landscaping, grading, erosion control, utilities, driveways and parking areas, trails, sidewalks, and retaining walls, and the applicant shall provide to the City a financial guarantee of 125%of the improvement costs. This financial guarantee may be in the form of the Letter of Credit or cash. 6). Fees required: Development of the property is subject to the various fees. Below is a summary of the fees, collectible in full at the time of approval of the final plat. The fees below, based on the 2021 fee schedule,will be recalculated at the time of Final Plat: Sewer Connection Charge: $5,380/unit x 48 units=$258,240.00 Water Connection Charge: $4,370/unit x 48 units=$209,760.00 Stormwater& Drainage Trunk Fee: Residential>4 units/acre: $8,490/ac x 2.48 acres=$21,055.00 A SAC fee imposed by the Metropolitan Council will be due upon issuance of the building permit. C. This General Concept Plan and Preliminary Plat approval is based upon the known issues that may affect this project, but this approval does not limit the City from revising or amending these conditions as the review process continues. D. This General Concept Plan Approval resolution approves the development concept subject to the applicant meeting the requirements of this resolution and all other requirements of the City. This resolution does not permit construction of the project illustrated in Exhibit A. Such approval shall only be considered when the City Council approves the Master Plan and the Final Plan,after finding that all"Conditions for Development Plan Approval"as identified herein have been met. Adopted by the Orono City Council on this 9th day of August,2021. aii7a___ATTEST: UK9E02201 Dennis Walsh,Mayor Anna Carlson,City Clerk 10