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CITY of ORONO RESOLUTION OF THE CITY COUNCIL NO. 5669 and stormwater management plan for development of the Property. 5. Provision to the City of final plans and specifications for improvements to the property including construction of stormwater and drainage systems and facilities, site grading and landscaping per the requirements of Resolution No. 5608. 6. Payment to the City of Park Dedication Fee, Stormwater and Drainage Trunk Fee, final plat review fees and legal review and filing fees as identified within Resolution No. 5608. 7. Provision to the City of a title opinion for the Property and certified copies of all recorded easements currently affecting the Property. S. Execution of a Developer's Agreement and provision of a letter of credit covering the improvements. 9. Submittal of any grading plan revisions that may be required by the City Engineer. NOW, THEREFORE, BE IT RESOLVED that based on the findings of Resolution No. 5608, the City Council of the City of Orono does hereby approve the plat of GRAHAM HILL PRESERVE, Hennepin County; Minnesota subject to the following conditions: 1. The approvals granted in this Resolution shall become effective only when all conditions of approval requiring actions by the Applicants have been satisfied. 2. The City Clerk shall release the plat documents for filing only upon certification by the City Attorney, Planning & Zoning Coordinator and City Engineer that all requirements of the platting regulations have been satisfied. The plat shall not be released for filing until the Developer has executed a Developer's Agreement per the conditions of Resolution No. 5608, including a letter of credit written to 150% of the cost of the proposed site improvements, including any required landscaping. 4. The aforesaid plat shall be filed by the City of Orono with the Hennepin County Registrar of Titles Office on or before March 24, 2008 together with a certified original copy of this resolution and executed copies of the easements and covenants pertinent thereto. The approval granted by this Resolution shall expire if the conditions of this Resolution have not been met or the plat has not been filed by the date specified above. In that event, it will be necessary to file a new application with the City of Orono for subdivision review. Page 2 of 3