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the City Council. The following requirements shall be met before consideration of the final plat <br />by the Planning and Zoning Board: <br />(a) The final plat shall substantially conform to the approved preliminary plat and phasing <br />plan; <br />The final plat substantially conforms with the preliminary plat. <br />(b) For plats that consist solely of individual single family residential lots, final plat <br />applications for subsequent phases shall not be approved until building permits have <br />been issued for 40% of lots in the preceding phase. This division applies only when the <br />preceding phase consists of 40 or more lots; and <br />This is a three (3) lot commercial subdivision and will be platted in one (1) phase. <br />(c) Conditions attached to approval of the preliminary plat shall be substantially fulfilled or <br />secured by the development agreement, as appropriate. <br />The conditions of the preliminary plat have been substantially fulfilled. Securities will be <br />required with a Development Agreement. <br />Public Land Dedication <br />The City will collect cash fee in lieu of land dedication for commercial development at the time <br />of final plat. <br />Java Lino Lakes <br />4.34 acres x $2,600 per acre = $11,284 <br />Title Commitment <br />The City Attorney reviewed the title commitments and final plat and notes mortgage consents <br />are required per the title company. <br />Agreements <br />• Stormwater Maintenance Agreement <br />The storm water facilities will be privately maintained and a Declaration for Maintenance of <br />Stormwater Facilities will be required. <br />• Development Agreement and Final Plat <br />