Misc. Correspondence, Notes, ETC.

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O Additional Items Needed. ❑ Applicants' architect shall submit final development plans to the Metro Council Environmental Services to determine the exact number of SAC units to be charged at the time of the issuance of building permits. This number is necessary in order to correctly determine the final dollar amount of Sewer Connection Charges to be deferred for the Senior Housing Building. ❑ Legal description for Road, Drainage and Utility Easements (if not shown on final plat)to be granted to the City. Road easement is to permit public ingress/egress over the driveways on the site to guarantee future access for a public road should the City choose to develop a service road connection to the west in the future. ❑ Legal description for Cross Easements to be provided to allow for ingress and egress over the driveways and sidewalks on the site to allow access between the office building and senior housing parcel. ❑ Legal description for any Drainage and Utility Easements over utility lines and rights of way if not shown on final plat. ? +li�-Gnu/11(.64) .re Fg u,vEt1 co-i- p l of )vqT(s 1,►d�.rd V? 04)w O Financial Plan. Development lan and Final Plat Approval are contingent on RoVge�Tcr successful completion of the financing plan approval by the City Council. o O Development Agreement. Development Approval and Final Plat Approval is contingent upon the successful execution of a Development Agreement between the applicant and the City. Such Agreement shall address all financial arrangements between t O Financial Guarantee. The Developers Agreements for the Senior Housing and the Office Site are two separate Agreements. Each include the requirement of a financial guarantee by the applicant to ensure the completion of site improvements. The City Engineer will complete an estimate of improvement costs when final plans have been submitted and approved, including but not limited to landscaping, grading, erosion control, utilities, driveways and parking areas, trails, sidewalks, retaining walls and stormwater management facility construction, and the applicant shall provide to the City a financial guarantee of 150% of the improvement costs (letter of credit is City's standard practice). Developer needs to discuss with City how the costs should be divided between the two sites if they are not developed concurrently... O Park Dedication Fee. Payment of Park Dedication fee of$33,125 for the Office site and$31,000 for the Senior Housing site.