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WHEREAS, the Developer has agreed to execute the Planned Unit Development No. 4B <br />Agreement which sets forth terms and conditions for the development of that element ofPUD No. 4 known <br />as the Stond)ay Lofts which encompasses Outlot E and a portion of Outlot F of STONEBAY; and <br />WHEREAS, the Developer has submitted preliminary plat and flnal plat drawings fora <br />re*plat of Outlots E and F, STONEBAY, to create a new plat entitled STONEBAY SECOND <br />ADDITION crm^Mrised of Lot 1, Block 1, for the purpose of construction of the Stonebay Lofts, and <br />Outlot A, fi>r the purposeofftiture residential development only upon further subdivision approval to <br />convot Outlot A to a buildable Lot, as approved in the PUD No. 4 Agreement; and <br />WHEREAS, the Developer has completed or has agreed to complete all other <br />requirements of the platting regulations of the City including: <br />1. Completion of all platting requirements of Preliminary Plat Resolution No. 4915. <br />2. DedicationontheplatofperimeterDrairuigeand Utility Easements forproposed Lot 1, <br />Block 1. <br />3.Designation and dedication on the plat of wetlands subject to City and other agency <br />Jurisdictkin, sut^ to foe existing Flowage and Conservation Easement over said wetlands. <br />4.Submittal of Minnehaha Creek Watershed District (MCWD) permit approving the <br />grading and stormwater management fodlitiesplan for further devdopmentoffoe Property. <br />6. PajTOcnttotheCityofDevelopmentFeesasenuroetatedinResolutionNo. Granting <br />General Development Plan ^iproval for Planned Unit Development No. 4B. <br />7.Payment to the City for the legal review and filing of the plat documents, agreements, <br />nents and covenants in the amount of $280.00 plus incurred review and filing costs. <br />8.Payment of the Final Plat Review Fee in the amount of $250.00 plus incurred legal, <br />engineering and planning consultant charges. <br />9.Provision to the City of a title opinion for the Property and certified copies of all <br />recorded easements currently affecting the Prcqierty. <br />Page 2 of S