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gO�rO CITY OF ORONO <br /> RESOLUTION OF THE CITY COUNCIL <br /> c, NO. 7579 <br /> 'QsHoo' <br /> scheduled Council meeting on the second and fourth Mondays of the month. These submittals <br /> are as follows: <br /> Cl.Record Plat Drawings. Record plat drawings in the form of two draft (2) copies (one <br /> copy for the City's records and one for filing with Hennepin County) and one (1) copy <br /> reduced to 1" = 200'. A digital copy is also required. Drawing to include: <br /> a. Lot lines platted per preliminary plat survey/drawing by Civil Methods Inc., dated <br /> 12-28-2024 attached hereto as Exhibit B, except as modified herein. <br /> b. Dedication of"Drainage and Utility Easements" 10' along exterior property lines, <br /> and over the stormwater pond, ditches, and facilities. <br /> c. Dedication of"Ingress, Egress, Drainage and Utility Easement" over the <br /> Common Element space. <br /> d. Name of the plat. <br /> Record mylar drawing will be due at the time of recording for the CIC. Once the building are <br /> substantially completed the mylars will need to be signed and recorded before building final and <br /> occupancy of the building approved. <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 commitment addressed to the City less than 90 days old. All owners, <br /> mortgage holders, or others with property interest indicated therein shall sign the <br /> 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 /> 9 <br />