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7 <br /> OR <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 to <br /> cast for required proservation, new plantings, and their IOStallatgn most be <br /> provked. The financial guarantee shall rated 110 percent of the estimate and <br /> must be issued by an accredited Mancial institution licensed to do business in <br /> NOM Carolina <br /> 2. The landscaping shall be maintained by the ownedapplicant (Homer Davis) until <br /> such hme as It is accepted for maintenance by a tlMleowners association, or by <br /> private property omen through deed restdcnons. <br /> 3. Provisions far the protection of existing trees as shown on the approved <br /> landscape plan shall be Included in a document describing development <br /> wardroom and requirements to be prepared by Planning Staff and recorded <br /> continently wit the Final Plat <br /> a. Trees may not be removed within the required Land Use Buffers for to <br /> installadm of Word systems. <br /> 0. Drainage <br /> 1 Drainage easements shall ba located on Oe Final Plat as required following <br /> review and approval of the Erosion Control Plan. <br /> 2. Drainage culverts Shall be sized and located as required by NCDOT and <br /> approved by the Orange County Erosion Control Officer. <br /> E. Parkland <br /> T The proposed six-ot subdivision is located whin to Cheeks District Park <br /> Service Area. As par to decision of the Board of County Commissioners, cash <br /> in"amount of$2.730(Willits)shall be paid to Orange County as payment in- <br /> Haiti parkland dedication. <br /> 2. The developer is reserving 20,370 square feel of open spare easement on Lot 6. <br /> This Important area shall be designed with common ownership among the six(6) <br /> property pwrers. Appropriate legal documents shall also provide for tTta six(6) <br /> Property paters to share maintenance responsibilities for the open space area <br /> and shall be submitted along with the final plat for legal rev'lew by to County <br /> Aftomey. <br />