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CITY OF ORONO <br />RESOLUTION OF THE CITY COUNCIL <br />NO. b639 <br />approval for the construction of certain public and private improvements on the Property, and <br />which Agreement documents the general and detailed conditions for development and use of the <br />Property; and <br />WHEREAS, the Developer has agreed to comply with all conditions of Resolution <br />No. 6603 and has completed or has agreed to complete all other requirements of the platting <br />regulations of the City including: <br />1. Completion of all platting requirements and conditions of Preliminary Plat Resolution No. <br />6603. <br />2. Dedication on the plat of perimeter Drainage and Utility Easements as required in <br />Resolution No. 6603. <br />3. Designation and dedication on the plat of wetlands subject to City and other agency <br />jurisdiction, and execution of a declaration of covenants for the permanent flowage and <br />preservation of wetlands, and establishment of wetland buffers and buffer maintenance <br />provisions per the requirements of the Minnehaha Creek Watershed District (MCWD). <br />4. Execution of covenants and easements for stormwater management facilities including <br />establishment of stormwater system maintenance obligations. <br />5. Granting to the City of a public easement for future trail use within the northerly 10 feet of <br />Block 1. <br />6. Submittal of Minnehaha Creek Watershed District (MCWD) permits approving the grading, <br />stormwater management facilities, Storm Water Pollution Prevention Plan (SWPPP) and <br />erosion control plan. <br />7. Provision to the City of a title opinion for the Property and certified copies of all recorded <br />easements currently affecting the Property. <br />8. Execution of a Development Contract including provision of financial security including a <br />Letter of Credit and escrow to ensure that all site improvements are installed and <br />maintained to the City's specifications and satisfaction, and to establish conditions for <br />future development of the site. <br />9. Payment of development fees as established in Resolution No. 6603 or as follows: <br />a. Park Dedication Fee: $140,000.00 <br />b. Stormwater and Drainage Trunk Fee: $102,723.00 <br />C. Municipal Water Connection Charge: $60,500.00 <br />Page 2 of 7 <br />