development contract/PUD agreement

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terms of the Glendale Cove Sewer and Water Service Agreement between the cities of Orono and Long Lake dated July 1, 2011. The developer is responsible for all sewer connection charges that may be due to the City of Long Lake. The Developer is responsible for installing the required sanitary sewer connections subject to approval by the City Engineer. The City will inspect these systems during construction to ensure proper installation. City water is not available to the property; each lot will be served by an individual well. 18. WETLAND AND WETLAND BUFFER AREAS. The Development/RPUDA/PUD#8 property contains approximately 1.24 acres of wetland. The wetland area is subject to the standard City Permanent Flowage and Conservation Easement and Restrictive Covenant for Wetland restrictions,and will be required to comply with MCWD wetland buffer requirements which may include having wetland buffer markers installed. The Developer must conform to the City's wetland and wetland buffer setback requirements within Municipal Code, Chapter 78, Article XI Wetlands Protection. 19. SITE ACCESS, PARKING AND STREET/TRAFFIC/PARIING SIGNAGE. The proposed plat includes seven (7) lots all of which will be served by a new private cul-de-sac road to be platted as an outlot and to be constructed by the Developer to City standards,with minimum paved road width of 28 feet and minimum cul-de-sac diameter of 80 feet. All 7 new lots will have driveways accessing the new road, and none shall have direct driveway access to Willow Drive. Because this is considered an urban development,the City will ultimately own and maintain the sanitary sewer lines. The Developer shall be responsible for all required traffic signage. 20. PARK DEDICATION AND TRAILS. The Developer shall pay the standard park dedication fee in lieu of land dedication based on the value of eight percent (8%) of the fair market value of the land being subdivided, but such fee must be between a minimum of$3,250.00 and a maximum of$5,550.00 per lot per Orono 2014 Fee Schedule. The established combined land market value of the properties being developed is$211,000 per the Hennepin County Assessor. For the proposed seven(7)lots,the Park Fee will be based on six(6)new lots,the existing home at 2350 Watertown Road being credited. Eight percent of$211,000 = $16,880; however, the park fee minimum based on 6 new dwelling lots is $3,250 x 6=$19,500 The final Park Dedication Fee is $19,500.00 to be paid by the Developer upon fmal plat application. The Developer shall dedicate a 10' easement along the 6112/14;MPG 9/16/14 7 Orono/Oliver Hill/No. 13-3637& 14-3685 176712v2