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EXHIBIT B <br />CONDITIONS OF APPROVAL <br />1. A Development Agreement be prepared and executed outlining the terms and conditions of the <br />plat approval prior to releasing the plat for recording. <br />2. Water Availability Charge shall be paid in the amount required by the city at the time the Final <br />Plat is released for recording. (currently $368/plumbing unit) <br />3. Staff approval of all site, landscaping, engineering, and stormwater plans. <br />4. Address all comments in the comment letter dated April 13, 2020 <br />5. Streetlights shall be installed as required by Elk River Utilities. <br />6. A Letter of Credit shall be provided to the city in the amount of 100% of the costs of the public <br />improvements. <br />7. Upon completing all public improvements and having them accepted by the city, a security or <br />warranty in a form acceptable to the public works director must be secured. <br />8. A development plan shall be approved by the city engineer prior to the issuance of building <br />permits. <br />9. All mailboxes shall be clustered. <br />10. Any item or condition found that indicates the site is likely to yield information important to <br />pre -history or history shall be reported to the city immediately. Further, the city reserves the <br />right to stop work authorized in its approval until the site is appropriately investigated and work <br />is authorized. <br />P 0 w E R E 1 8 Y <br />NATURE <br />