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eligible expenses incurred by the City exceed the amount in escrow and are not promptly <br /> reimbursed by the Developer, the City shall have the right to certify the unpaid balance to the <br /> subject property pursuant to Minn. Stat. §§ 415.01 and 366.012. The Balance on deposit in the <br /> escrow, if any, shall be retumed to the Developer when the Development has been completed <br /> a.nd written notification is received from the Developer requesting the funds. <br /> 19 STORM WATER AND DRAINAGE TRUNK FEE. The Land is subject to <br /> the standard Storm Water and Drainage Trunk Fee for three new two-acre lots at $4,030.00 per <br /> lot. <br /> $4,030.00 per acre per lot x 31ots=(4,030 x 2 x 3)_$24,180.00 <br /> 20. PARK DEDICATION FEE. The Land is subject to the standard Park <br /> Dedication Fee requirement for the City of Orono. Because the value of each newly created lot <br /> in the Plat will be in excess of the threshold value of$69,375.00, the eight percent (8%) park <br /> fee cap of $5,550.00 per lot will apply; therefore, the Park Dedication Fee is calculated as <br /> follows: <br /> 3 lots x$5,550.00 per lot = $16,650.00 <br /> 21. LANDSCAPING. All landscaping shall be installed in accordance with the <br /> approved landscape plan. Developer shall post a $69,277.00 landscaping security at the time of <br /> fmal Plat approval to ensure that the landscaping is installed win accordance with the approved <br /> Plan. <br /> 22. SPECIAL PROVISIONS. The following special provisions shall apply to <br /> development of the Land: <br /> A. Implementation of and adherence to the fmdings and conditions listed in <br /> (1)Resolution No. 6835 approving the Preliminary Plat for Southways File No. 18-3998, adopted <br /> 9 <br /> Southways V3 <br />