Resolution 7490 Prel Plat Honey Hill

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-cLO T CITY OF ORONO RESOLUTION OF THE CITY COUNCIL IL yF G; No. 7490 �� 'ESHOQ� b. Dedication of"Drainage and Utility Easements" 10' along exterior property lines, 5' along the interior property lines, and over the stormwater pond, ditches, and facilities. c. Dedication of"Drainage Easements" over the wetlands, wetland buffers, and drainageways. d. Name of the plat. C2.Financial Guarantee. The Development Agreement shall include a financial guarantee by the Developer to ensure the completion of site improvements. The Developer shall provide Itemized construction estimates for all development improvements. The City Engineer shall review the estimate of improvement costs, including but not limited to storm sewers, landscaping, grading, erosion control, utilities, driveways, and stormwater management facility construction, and the Developer shall provide a financial guarantee in an amount equal to 125% of the improvement costs to the City. C3.Legal documents required: a. Title opinion addressed to the City or a title insurance policy in favor of the City. All owners, mortgage holders, or others with property interest indicated therein shall sign the plat and all other documents affected by such interest. b. The Developer must provide certified copies of all recorded easements currently affecting the Property. c. The City Engineer shall establish the amount to be provided in the Letter of Credit. d. Signed Developers Agreement and Letter of Credit for construction of improvements. e. A Drainage and Utility Easement shall be granted over the entirety of the private road outlot. f. Access easements shall be provided over the private road outlot benefitting proposed Lots 1 through 6. No driveway access will be permitted directly onto CSAH 6. g. Signed Covenant to Protect Drainfield Sites. 6