HomeMy WebLinkAbout#07 - Wildflower 1st Addn STAFF REPORT
DATE: December 5, 2017
CONSENT
ITEM #: 7
AGENDA ITEM: Wildflower 1st Addition – Accept Improvements and Approve Reduction of
Security #5 and Wildflower 2nd Addition Approve Reduction of Security #1 SUBMITTED BY: Jack Griffin, City Engineer REVIEWED BY: Kristina Handt, City Administrator Emily Becker, Planning Director
ISSUE BEFORE COUNCIL: Should the City Council accept the improvements and approve the security reduction for Wildflower 1st Addition? And, should the City Council approve the security reduction for
Wildflower 2nd Addition? PROPOSAL DETAILS/ANALYSIS: Staff has received and processed a request to accept the
improvements and to reduce the development security for Wildflower 1st Addition and to reduce the development security for Wildflower 2nd Addition. These requests have been reviewed and the following reductions are being recommended: Current Security Amount Proposed Security Amount 1. Wildflower 1st Addition: $ 1,297,986 $ 1,047,708 2. Wildflower 2nd Addition: $ 787,239 $ 489,121 The Wildflower 1st Addition public improvements have been completed in accordance with the development agreement dated August 27, 2015 with the exception of Landscaping. The improvements are in the warranty period per the attached Certificate of Completion. A security amount of 25% of the original
security will be retained until the warranty period has expired. Landscaping Improvements will be accepted separately and with different warranty dates. FISCAL IMPACT: It is the City’s goal 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 City tax payers against the potential of developer default.
RECOMMENDATION: Staff is recommending that the City Council, as part of the Consent Agenda, accept the improvements and approve the security reduction for Wildflower 1st Addition, and approve the security reduction for Wildflower 2nd Addition as detailed in the respective reports. If removed from the consent agenda, the recommended motion for the action is as follows:
“Move to accept the improvements and approve security reduction for Wildflower 1st Addition, and approve the security reduction for Wildflower 2nd Addition as detailed in the respective Security Reduction Worksheets”. ATTACHMENTS:
1. Engineers Certificate of Acceptance.
2. Security Reduction Worksheets – Wildflower 1st Addition and Wildflower 2nd Addition.
WILDFLOWER AT LAKE ELMO 1ST ADDITION Time of Performance: November 30, 2016DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6Grading $116,000 NACovered by Site Grading Agreement$116,000Sanitary Sewer $386,885 $483,60675%$241,803 $120,902Watermain $472,052 $590,06575%$295,033 $147,516Streets $916,819 $1,146,02475%$274,539 $584,978Surface Water Facilities $509,946 $637,43375%$318,716 $159,358Erosion Control NA NACovered by Site Grading AgreementSidewalks/Trails $220,838 $276,048$207,036Street Lighting NA NABy Xcel EnergyStreet Signs and Traffic Control Signs $9,950 $12,438$9,328Landscaping $200,000 $250,000Tree Preservation and Restoration $23,675 $29,594$22,195Wetland Mitigation and Buffers NA NALOC Through VBWDMonuments $6,000 $7,500$5,625Miscellaneous Facilities NA NARecord Drawings $6,500 $8,125$6,094TOTALS $2,752,665 $3,440,831RELEASED AMOUNTS:$116,000 $1,130,091 $268,418 $744,337 $250,278CUMMULATIVE AMOUNTS:$116,000 $1,246,091 $1,514,509 $2,258,846 $2,509,123SECURITY AMOUNT REMAINING:$3,440,831 $2,310,740 $2,042,322 $1,297,986 $1,047,708DATE:10/29/2015 12/15/2015 2/16/2016 9/7/2016 12/5/2017REDUCTIONS
WILDFLOWER AT LAKE ELMO 2ND ADDITION Time of Performance: October 31, 2017DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6Sanitary Sewer $71,020 $88,77475%$66,581Watermain $81,280 $101,60075%$76,200Streets & Sidewalks $242,331 $302,91450%$151,457Surface Water Facilities $52,912 $66,14050%$33,070Erosion Control $16,533 $20,666Trails $3,257 $4,071Street Lighting $18,000 $22,500By Xcel EnergyStreet Signs and Traffic Control Signs $5,310 $6,638Landscaping $40,500 $50,625Tree Preservation and Restoration NA NAWetland Mitigation and Buffers NA NAMonuments $2,000 $2,500Private Utilities $115,000 $143,750Record Drawings $5,000 $6,250TOTALS $653,143 $816,429RELEASED AMOUNTS:$327,308 $0 $0 $0 $0Incorrect original amount $787,239CUMMULATIVE AMOUNTS:$327,308SECURITY AMOUNT REMAINING:$489,121DATE:12/5/2017REDUCTIONS