06-16-26 City Council Meeting Packet

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STAFF REPORT DATE: 6/16/26 CONSENT TO: Mayor and Councilmembers FROM: Sophia Jensen, Senior City Planner AGENDA ITEM: Northport 1st, 2nd, and 3rd Addition Landscape Security Release CORE STRATEGIES: ☐Vibrant, inclusive, connected community ☐Responsive, transparent, adaptive governance ☒Managed Growth ☐Efficient, reliable, innovative services ☒Balanced Finances now and future ☐Resilient Infrastructure ISSUE BEFORE COUNCIL: Should the City Council approve release of warranty security for landscaping in Northport 1st, 2nd, and 3rd addition? PROPOSAL DETAILS/ANALYSIS: Staff has received and processed requests to reduce the development security for landscaping improvements in Northport 1st, 2nd, and 3rd Additions. These additions were inspected and accepted by the landscape architect on 5/29/2026. Below is a breakdown of security remaining for the development. Addition Current Security Amount Proposed Security Amount 1st Addition $60,007.81 $0 2nd Addition $0 3rd Addition $16,406 $13,594 $0 FISCAL IMPACT: It is the goal of the City to retain, at all times during the subdivision improvements, a security amount that is adequate to ensure completion of all elements of the improvements as protection to the Tax Payers against potential default of the project. Once the security is no longer needed it should be returned. RECOMMENDATION: (if pulled from Consent): Staff is recommending to the City Council, as part of the consent agenda, the security reduction be approved. If removed from the consent agenda, the recommended motion is as follows: “Move to approve the security release for Northport 1st, 2nd, and 3rd additions as detailed in the respective Security Reduction Worksheets, contingent on the developer being current with all other payments and obligations in accordance with the development agreement, including positive escrow balance as required by the City”