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� O� <br /> O O <br /> '���at.- CITY of ORONO <br /> ,� � <br /> ti <br /> �� ' G~' RESOLUTION OF THE CITY COUNCIL <br /> ��kESI30g'� NO. 5 � c�. 'i.i <br /> D. Signed Buffer Maintenance Agreement. <br /> E. Sibned Developers Agreement and Letter of Credit for <br /> construction of improvements. The City Engineer shall establish <br /> the amount to be provided in the Letter of Credit. <br /> 3. Plat approval fees to be paid: Total due: � 530.00 <br /> A. Final plat fee = $280.00 <br /> B. Legal review & filing fees for subdivision and associated <br /> documents= $250.00 <br /> I. Development Agreement. Development Approval is contingent upon the <br /> successful execution of a Development Agreement between the applicant and the <br /> City. Such Agreement shall address all specific City requirements for the <br /> development. <br /> J. Financiat Guarantee. The Development Ab eement shall include a financial <br /> guarantee by the applicant to ensure the completion of site improvements. The <br /> City Engineer shall complete an estimate of improvement costs, includin� but not <br /> limited to public and private streets, curb & gutter, stormsewer, landscaping, <br /> grading, erosion control, utilities, trails, and stormwater management facility <br /> construction, and the applicant shall provide to the City a financial guarantee of <br /> 150% of the improvement costs. <br /> K. Storm Water and Drainage Trunk Fee. The standard Storm Water and <br /> Drainage Trunk Fee for residential development shall be paid by the developer <br /> per the 2006 City Fee Schedule. The area of proposed Lot 2, the church parcel, <br /> shall not be included in the calculation of area for this fee. <br /> �.6 acres x $4,275 per acre = �23,940.00 <br /> L. Park Dedication. The Dev�loper shall pay the standard Park Dedication Fee for 8 <br /> new lots per the 2006 City fee Schedule. Assuming each lot has a value in excess <br /> of$69,735 the lots are subject to the maximum park fee of $5,�50 per dwelling <br /> unit. <br /> 8 new dwelling units x $�,550 per d.u. _ $44,400.00 <br /> Paae 12 of 14 <br />