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EXHIBIT B THAT A DEVELOPERS AGREEMENT BE PREPARED OUTLINING THE TERMS AND CONDITIONS OF THE PLAT APPROVAL AND INSTALLATION OF IMPROVEMENTS TO BE RECORDED WITH THE FINAL fLAT. 2e THAT THE DEVELOPER'S AGREEMENT FOR THE PROJECT INCLUDE LANGUAGE THAT PLACES THE RESPONSIBILITY FO THE SUCCESS OF THE WETLAND MITIGATION ON THE DEVELOPER. 3. THAT THE DEVELOPER OBTAIN ALL THE APPLICABLE PERMITS PRIOR TO FILLING ANY WETLANDS. THAT A RESTRICTIVE COVENANT AND DRAINAGE AND UTILITY EASEMENT BE RECORDED ON THE WETLAND MITIGATION AREAS WITH THE RECORDING OF THE FINAL PLAT. o THAT A LETTER OF CREDIT BE PROVIDED TO THE CITY IN THE AMOUNT OF 100% OF THE COSTS OF PUBLIC IMPROVEMENTS INCLUDING THE COST OF THE MITIGATION WORK. THAT THE DEVELOPER SUBMIT A WRITTEN MONITORING REPORT ON THE REPLACEMENT WETLANDS ONE YEAR AFTER THIS MITIGATION WORK IS COMPLETED AND THAT THIS REPORT BE APPROVED BY CITY STAFF PRIOR TO RELEASING THE LETTER OF CREDIT. 7. THAT ALL COMMENTS OF THE CITY ENGINEER BE ADDRESSED. 8. THAT A PERMIT FOR ROAD ACCESS ONTO COUNTY ROAD NO. 1 BE OBTAINED FROM SHERBURNE COUNTY PRIOR TO FINAL PLAT. 9. THAT STREET LIGHTS BE INSTALLED AS REQUIRED BY ELK RIVER UTILITIES. 10. THAT A SNOW STORAGE EASEMENT BE PROVIDED IN THE CUL-DE-SACS PRIOR TO RELEASING THE PLAT FOR RECORDING. 11. THAT DEVELOPER PROVIDE SCREENING ALONG COUNTY ROAD I IN A LANDSCAPE EASEMENT TO BE RECORDED WITH THE COUNTY AGAINST THESE LOTS WITH THE RECORDING OF THE FINAL PLAT. 12. THAT THE 10 FOOT BITUMINOUS TRAIL BE CONSTRUCTED IN THE PARK AND OUTLOT B AS PART OF THE PLAT IMPROVEMENTS IN THE FIRST PHASE AND CONSTRUCTED TO CITY STANDARDS. 13. THAT 5 ACRES OF LAND BE ACCEPTED AS DEDICATED PARK LAND AND THE REMAINING DEDICATION REQUIREMENTS BE ACCEPTED AS CASH IN LEIU OF LAND IN THE AMOUNT REQUIRED BY THE CITY AT THE TIME OF FINAL AND PAID PRIOR TO RELEASING THE PLAT FOR RECORDING. 14. THAT PARK BOUNDARY MARKERS BE INSTALLED AS REQUIRED BY CITY ORDINANCE. s:\document\resoluti\resoakhl.doc Page 5