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� <br /> . i <br /> � O� � <br /> 0 o cITY of oRONo , <br /> ►�i �� RESONUOTION OF�T�EFI�COUNCIL , <br /> C! <br /> � <br /> � <br /> G <br /> ���EsHo�'� . <br /> 2. Legal documents required: <br /> A. Title opinion addressed to the City or a title insurance policy in <br /> favor of the City. All owners, mortgage holders or others with <br /> properiy interest indicated therein shall sign the plat and a11 other ' <br /> documents affected by such interest. � <br /> B. The applicant must provide certified capies of all recorded <br /> easements currently affecting the property. ' <br /> C. Signed Conservation and Flowage Easement to be granted over all <br /> delinea.ted wetlands on the plat. <br /> D. Signed Developers Agreement and Letter of Credit for . <br /> construction of improvements. The City Engineer sha11 establish <br /> the amount to be provided in the Letter of Credit. <br /> 3, Final plat approval fee to be paid: Total due; $ 700.00 <br /> I. Development Agreement. Development Approval is contingent upon the <br /> successful execution of a Development Agreement beiween the applicant and the <br /> City. Such Agreement shall address all specific City requirements for the <br /> development. <br /> J, Financial Gnarantee. The Development Agreement shall include a financial <br /> guarantee by the applicar�t to ensure the completion of site innprovements. The <br /> City Engineer shall complete an estimate of improvement costs, including but not <br /> Iimited to pubiic and private streets, curb & gutter, storm sewer, 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 imp�•avement costs, <br /> K. Storm Water and Drainage Trunk Fee. The standard Storm Water and � <br /> Drainage Trurilc Fee for residential development shall be paid by the developer <br /> per the 2Q 14 City Fee Schedule. <br /> 4.92 acres x $5,765 per acre=�28,364.00 <br /> L. Park Dedicntion, The Developer shall pay the standard Park Dedication Fee per <br /> the 2014 City fee Schedule. The Park Fee is determined as 8% of the fair market <br /> value of the land being subdivided,with a minimum of$3250 per dwelling unit or <br /> a maximtun of $5,550 per residential dwelling unit. As there will be six new <br /> dwelling sites (tl�e existing house at 2350 Watertown yields a 1-lot park fee <br /> Pa�e 11 of 13 <br />