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sLOAT CITY OF ORONO <br /> RESOLUTION OF THE CITY COUNCIL <br /> y�. G,� NO. 7559 <br /> I�kkSHO' <br /> b. Dedication of"Drainage and Utility Easements" 10' along exterior property lines, <br /> 5' along the interior property lines, and over the stormwater pond, ditches, and <br /> facilities. <br /> c. Dedication of"Drainage Easements" over the wetlands, wetland buffers, and <br /> drainageways. <br /> d. Name of the plat. <br /> C2.Financial Guarantee. <br /> The Development Agreement shall include a financial guarantee by the Developer to <br /> ensure the completion of site improvements. The Developer shall provide Itemized <br /> construction estimates for all development improvements. The City Engineer shall <br /> review the estimate of improvement costs, including but not limited to storm sewers, <br /> landscaping, grading, erosion control, utilities, roads, and stormwater management <br /> facility construction, and the Developer shall provide a financial guarantee in an amount <br /> equal to 125% of the improvement costs to the City. <br /> C3.Legal documents required: <br /> a. Title opinion addressed to the City or a title insurance policy in favor of the City. <br /> All owners, mortgage holders, or others with property interest indicated therein <br /> shall sign the plat and all other documents affected by such interest. <br /> b. The Developer must provide certified copies of all recorded easements currently <br /> affecting the Property. <br /> c. The City Engineer shall establish the amount to be provided in the Letter of <br /> Credit. <br /> d. Signed Developers Agreement and Letter of Credit for construction of <br /> improvements. <br /> e. Signed Covenant to Protect Drainfield Sites. <br /> C4.Plat approval fees to be paid: Total due: $50,971.95 <br /> a. Final Plat fee: $800.00. <br /> b. Park Dedication Fee: $15,431.95 <br /> c. Stormwater and Drainage Trunk Fee: $32,240.00. <br /> d. Final Plat Application Escrow: $2,500.00 <br /> 6 <br />