5.2. SR 05-02-2005 - Laserfiche WebLink

Home Browse Search

EXHIBIT B Conditions: 1. A Developers Agreement be prepared and executed outlining the terms and conditions of the plat approval prior to releasing the plat for recording. 2. A Planned Unit Development agreement be prepared and executed prior to releasing the plat for recording. 3. Surface water management fee be paid in the amount required by the City at the time of final plat prior to releasing the plat for recording. 4. A sealcoat fee in the amount to be determined by the City Engineer be paid prior to releasing the plat for recording. 5. Water accessibilty fees in the amount determined by the city be paid to Elk River Municipal Utilities prior to releasing the plat for recording. 6. The site (185.61acres) shall be assessed for trunk utilities at $6,955 per acre for a total assessment of $1,290,918.00, less credit provided for oversizing facilities if required. Said assessments shall be levied equally against all lots in the plat except for Lots 8 & 9, Block 1. The developer's agreement shall reflect credit for oversizing infrastructure as determined by the City Engineer. 7. A letter of credit shall be provided to the city in the amount of 100% of the costs of the public improvements. 8. Upon completing all of the improvements and having them accepted by the city, a warranty bond in the amount of 25% of the improvement costs shall be submitted to the city for the period of one year. 9. All comments contained in Building and environmental administrator's memo dated August 10, 2004 shall be addressed. 10. The Letter of Credit shall cover wetland mitigation. Drainage easements shall be in place over the wetland and the wetland mitigation areas. 11. Restrictive covenants shall be recorded on the wetland and the wetland mitigation areas. 12. A three year monitoring report on the wetland mitigation is required. 13. The City Engineer's comments be incorporated into the plans.