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M <br />Subd. 12. The City shall require a developer to submit a Warranty Bond or <br />equivalent in the amount equal to the original cost of the improvements, which shall <br />be in force a minimum of two (2) years following final acceptance of any required <br />improvements and shall guarantee satisfactory performance of said improvements, <br />unless waived by the City Council. <br />400.19 Fees. The Council shall by resolution, adopted from time to time, establish <br />fees to be paid by the applicant to defray the administrative costs and expenses incurred <br />by the City in processing development applications, applications for variance or appeals <br />under the provisions of this Section. Fees to be paid by the applicant shall include all <br />administrative, engineering, legal and consulting fees and materials costs reasonably <br />incurred in the review of the proposed subdivision and the processing of such <br />applications or appeals. <br />Section 2. Section 401.505 of the 1979 Municipal Code of Lake Elmo is hereby <br />repealed. <br />Wyn John, Ydayor <br />Attest: <br />Mary Kue fuer, y Administrator <br />Published on the 10th_ day of August , 1994 <br />Stillwater Gazette Extra