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