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FINAL PLAT REVIEW Securing all Property Mr. Abdo presently owns approximately 75 percent of the site. The eastern 25 percent is owned by the Hastings Housing and Redevelopment Authority (HRA). The HRA will not close the sale of its portion of the site until Mr. Abdo has secured financing for the development. Mr. Abdo will need to acquire the HRA property before the City releases the Final Plat for recording. The HRA signatory block on the Final Plat shall be removed once Mr. Abdo acquires all the property on the site. Streets No new public streets are included as a part of this plat. All access drives would be privately owned and maintained. A homeowners association must be established to ensure maintenance and access to all property by the owners, and not the City. Grading, Drainage, Erosion Control, and Utility Plan The City's consultant engineer has reviewed the Grading, Drainage, Erosion Control, and Utility Plans. Approval of the Final Plat is subject to approval of the Grading, Drainage, Erosion Control and Utility Plans by the Public Works Director, and reimbursement for any fees involved in plan review. Park land Dedication Cash in lieu of land shall be paid to satisfy park dedication requirements. The current park dedication fee is $44,000 (40 units at $1,100 per unit). Park dedication must be paid prior to the recording of the Final Plat. Interceptor Sewer Fee Sewer Interceptor Fees shall be paid prior to the recording of the Final Plat. The current fee is $14,600 (40 units at $365 per unit). Tree Preservation Plan The construction plan will remove approximately 20 trees consisting of primarily box elder, elm, and spruce. The following information is needed prior to approval: 1) The project shall adhere to the tree preservation policy for tree removal at the discretion of the City Forester.