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0 <br />ti <br />CITY OF ORONO <br />RBSOLUTioN OF THE CITY COUNCIL <br />NO.7579 <br />d. Signed Developers Agreement and Letter of Credit (in the city's format) for <br />construction of improvements. <br />C4. Plat approval fees to be paid: Total due: $47,384.10 <br />a. Stormwater and Drainage Trunk Fee: $47,384.10. <br />C5, Staging: Final platting will go to the City Council with a draft of the final plat mylars. The <br />draft final plat must be approved by the City Council. Before building permits are issued, <br />approval of the draft final plat, recording of the development agreement, and easement <br />much be completed. Final mylars can be record once the building is substantially <br />completed. Building final and Certificate of Occupancy will be held until the Final Plat for <br />the applicable buildings are recorded with Hennepin County. The developers are <br />proposing a constructing Buildings 1 and 2 in 2025. Separate Final Plat approval will be <br />required when Building 3,4, and 5 are proposed to be constructed. <br />C6. Violation of or non-compliance with any of the terms and conditions of this resolution <br />may result in the termination of any authority granted herein. <br />C7.According to City Code Section 82-116, this Preliminary Plat approval shall be <br />effective for one year, until April 28, 2026. Failure to file a complete final plat <br />application within this period shall be construed as a formal withdrawal of the proposed <br />plat and the terms and conditions of this resolution shall be null and void. The applicant <br />should anticipate the timing of the construction of their project and request any <br />necessary extensions that may be needed. <br />ADOPTED by the Orono City Council on this 2811 day of April, 2025. <br />ATTEST: <br />0 ' / _r <br />Ch4tine Lusian, City Clerk <br />10 <br />CITY OF ORONO: <br />10 <br />44�_ <br />Alisa Benson, Acting Mayor <br />