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6 <br /> A letter of credit or escrow agreement or other security shall be submitted to <br /> secure the required landscape installation and preservation. An estimate of the <br /> cost for required preservation, new plantings, and their installation must be <br /> provided. The financial guarantee shall reflect 1'10 percent of the estimate and <br /> must be issued by an accredited financial institution licensed to do business in <br /> North Carolina <br /> 2. Provisions for the protection of existing trees as shown on the approved <br /> landscape plan shall be included in a document describing development <br /> restrictions and requirements to be prepared by Planning Staff and recorded <br /> concurrently with the Final Plat. <br /> D. Drainage <br /> 1. Impervious surface data for all lots, pursuant to Article 6.23 Extra Requirements <br /> for Watershed Protection Overlay Districts of the Orange County Zoning <br /> Ordinance, shall be included in the development restrictions and requirements <br /> document to be prepared by Planning Staff and recorded concurrently with the <br /> Final Plat. The impervious surface limitations for each lot shall indicate whether <br /> the impervious surface includes or excludes one-half (1/2) of the roadway width <br /> in the calculations. <br /> 2. Drainage easements shall be located on the Final Plat as required following <br /> review and approval of the Erosion Control Plan. <br /> 3. Drainage culverts shall be sized and located as required by NCDOT and the <br /> Orange County Erosion Control Officer. <br /> E. Parkland <br /> 1. The proposed twenty-three lot subdivision is located within the Cheeks Township <br /> District Park area. As per the decision of the Board of County Commissioners, <br /> cash in the amount of $10,465 ($455/lot) shall be paid to Orange County as <br /> payment in lieu of parkland dedication. <br /> 2. The second paragraph of Section IV-B-7-b of the Orange County Subdivision <br /> Regulations references the Land Use Intensity (LUI) calculations in the Orange <br /> County Zoning Ordinance, Articles 5.1.1 and 6.12, which require 0.028 square <br /> feet of recreation space per land area dedicated to residential use (0.028 * 30.6 = <br /> 37,322). In those cases where the LUI calculation results in a larger amount than <br /> the public recreation space requirement of 1157 acre per lot, the difference shall <br /> be established as private recreation space for the use of the residents of the <br /> development(37,322— 17,577= 19,745 square feet). The developer is offering <br /> four (4) acres of open space to be maintained by the Homeowners Association, <br /> which is acceptable to the County provided that a minimum of 19,745 square feet <br /> of open space is dedicated for private recreation use. <br />