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CITY OF ORONO RESOLUTION OF THE CITY COUNCIL NO. 6786 not limited to public and private streets, curb & gutter, sidewalks, storm sewers, landscaping, grading, erosion control, utilities, driveways and parking areas, trails, sidewalks, retaining walls and stormwater management facility construction, and the applicant shall provide to the City a financial guarantee of 150% of the improvement costs. 14. Fees required Development of the property is subject to the various fees established within Exhibit M of the PUD No. 4 Agreement, all of which were deferred until a development plan is approved for each of the commercial outlots (Outlots A & D). Below is a summary of the fees, collectible in full at the time of approval of the final plat. These fees will be recalculated at the time of Final Plat: Park Dedication Fee: $3,250/unit x # of units (example: 48 units x $3,250 = $156,000) Sewer Connection Charge: $6,330/acre x 3.5 acres = $22,155.00 Water Connection Charge: $10,480/acre x 3.5 acres = $36,680.00 Stormwater & Drainage Trunk Fee: Residential > 4 units/acre: $8,490/ac x 3.5 acres = $29,715.00 Note that per the Agreement, the Park Fee is not adjusted for inflation, while the connection charges and Stormwater & Drainage Trunk Fee are calculated based on the current (2017) Fee Schedule. B. This General Concept Plan and Preliminary Plat approval is based upon the known issues that may affect this project, but this approval does not limit the City from revising or amending these conditions as the review process continues. C. This General Concept Plan Approval resolution approves the development concept subject to the applicant meeting the requirements of this resolution and all other requirements of the City. This resolution does not permit construction of the project illustrated in Exhibit A. Such approval shall only be considered when the City Council approves the Master Plan and the Final Plan, after finding that all "Conditions for Development Plan Approval" as identified herein have been met. Adopted by the Orono City Council on this 28{h day of USS , 2017. Page 14