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RESOLUTION OF THE CITY COUNCIL <br />to the provisions of the Development Contract for HONEY HILL ON LAKE CLASSEN dated <br />October 28, 2024. <br />2) Dedication on the plat of the perimeter Drainage and Utility Easements as required in <br />Resolution 7490. <br />3) Executed Declaration and Easement for Stormwater Management. <br />4) Executed Private Road Easement and Maintenance Agreements. <br />5) The approvals granted in this Resolution shall become effective only when all conditions of <br />approval requiring actions by the Developers have been satisfied. <br />6) Minnehaha Creek Watershed District (MCWD)-approved permits for the grading, stormwater <br />management facilities, stormwater pollution prevention plan (SWPPP), and erosion control <br />plan shall be submitted to the City. <br />7) A title opinion for the Property and certified copies of all recorded easements currently <br />affecting the Property shall be submitted. <br />8) A Development Contract including provision of financial security including a Letter of Credit <br />to ensure that all site improvements are installed and maintained to the City's speccations <br />and satisfaction, and to establish conditions for future development of the site shall be <br />executed. <br />9) Payment of Development Fees Required: <br />a. Park Dedication Fee: $22,481.74. <br />b. Stormwater and Drainage Trunk Fee: $21,180.00. <br />c. Escrow for Engineering Administration and Oversight $10,000 <br />d. Final Plat Application Fee: $550. <br />10) The City Clerk shall release the plat documents for filing only upon certification by the City <br />Attorney, Community Development Director, and City Engineer that all requirements of the <br />platting regulations have been satisfied. <br />11) The aforesaid plat shall be filed by the City of Orono with Hennepin County on or before <br />October 28, 2025, together with a certified original copy of this resolution and executed <br />copies of the easements and covenants pertinent thereto. <br />12) Violation of or non-compliance with any of the terms and conditions of this resolution may <br />result in the termination of any authority granted herein. <br />7