11-18-2025 City Council Meeting Packet

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STAFF REPORT DATE: November 18, 2025 CONSENT TO: City Council FROM: Mike Rusenovich, Project Engineer AGENDA ITEM: Approve Release of Warranty Security for Legacy at Northstar 4th Addition REVIEWED BY: Nicole Miller, City Administrator Clarissa Hadler, Finance Director Jason Stopa, Community Development Director Marty Powers, Public Works Director Nate Stanley, City Engineer CORE STRATEGIES: ☐ Vibrant, inclusive, connected community ☐ Efficient, reliable, innovative services ☐ Responsive, transparent, adaptive governance ☒ Balanced Finances now and future ☒ Managed Growth ☒ Resilient Infrastructure BACKGROUND: GWSA Land Development, LLC entered into a development agreement with the City for Legacy at Northstar 4th Addition on May 4, 2021. The sanitary sewer and watermain warranty period ended on January 4, 2025, and the public improvement warranty period ended on January 2, 2025. ISSUE BEFORE COUNCIL: Should the City Council approve release of the warranty security for Legacy at Northstar 4th Addition as outlined in the Development Agreement? PROPOSAL DETAILS/ANALYSIS: Staff has received and processed a request to release the public improvement warranty security for the Legacy at Northstar 4th Addition. This request has been reviewed and is being recommended for approval in accordance with the approved Development Agreement. The 1- year warranty period for the public improvements expired on January 2, 2025. Twenty-five percent (25%) of the original security was retained through the 1-year warranty period. A warranty walk-through was completed by city staff and all warranty punch list items have since been addressed by the developer. With the release of the warranty security the overall development security may be reduced as shown below: Current Security Amount Proposed Security Amount 1. Legacy at Northstar 4th Addition $234,853 $26,875 Twenty-five percent (25%) of the landscaping security amount will be retained.