HomeMy WebLinkAbout#04 - Wildflower 1st Addition Security Release STAFF REPORT
DATE: November 7, 2018
CONSENT
ITEM #: 4
AGENDA ITEM: Wildflower 1st Addition – Approve Release of Warranty Security for Public
Sanitary Sewer and Watermain
SUBMITTED BY: Jack Griffin, City Engineer
REVIEWED BY: Kristina Handt, City Administrator Ben Prchal, City Planner
Rob Weldon, Public Works Director
ISSUE BEFORE COUNCIL: Should the City Council approve release of warranty security for public
sanitary sewer and watermain for the Wildflower 1st Addition development?
PROPOSAL DETAILS/ANALYSIS: Staff has received and processed a request to reduce the
development security in accordance with the development agreement for the Wildflower at Lake Elmo 1st
Addition. The public sanitary sewer and watermain in Wildflower 1st Addition development was completed
and accepted by the City on February 16, 2016 and the 2-year warranty period was initiated. Twenty-five
percent (25%) of the original security, or $268,418, was retained through the 2-year warranty period for
watermain and sanitary sewer. A warranty walk-through was completed by City staff in December 2017
and all warranty punch list items have since been addressed by the Developer. With the release of the 2-
year warranty security for sanitary sewer and watermain the overall development security may be reduced
as follows:
Current Security Amount Proposed Security Amount
1. Wildflower 1st Addition: $1,047,708 $779,290
FISCAL IMPACT: Release of the warranty security brings the public sanitary sewer and watermain
portion of the project to a close. The operation and maintenance of the sanitary sewer and watermain
becomes the responsibility of the City going forward.
RECOMMENDATION: Staff is recommending that the City Council, as part of the Consent Agenda,
approve the release of warranty security for public sanitary sewer and watermain in the Wildflower 1st
Addition development resulting in a reduction in overall security as detailed in the respective worksheet. If
removed from the consent agenda, the recommended motion for the action is as follows:
“Move to approve the security reduction for the Wildflower at Lake Elmo 1st Addition development as
detailed in the respective Security Reduction Worksheet”.
ATTACHMENTS:
1. Security Reduction Worksheet – Wildflower 1st Addition.
WILDFLOWER AT LAKE ELMO 1ST ADDITION Time of Performance: November 30, 2016
DEVELOPMENT AGREEMENT AMOUNTS
CATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6
Grading $116,000 NA Covered by Site Grading Agreement $116,000
Sanitary Sewer $386,885 $483,606 100%$241,803 $120,902 $120,902
Watermain $472,052 $590,065 100%$295,033 $147,516 $147,516
Streets $916,819 $1,146,024 75%$274,539 $584,978
Surface Water Facilities $509,946 $637,433 75%$318,716 $159,358
Erosion Control NA NA Covered by Site Grading Agreement
Sidewalks/Trails $220,838 $276,048 75%$207,036
Street Lighting NA NA By Xcel Energy
Street Signs and Traffic Control Signs $9,950 $12,438 75%$9,328
Landscaping $200,000 $250,000
Tree Preservation and Restoration $23,675 $29,594 75%$22,195
Wetland Mitigation and Buffers NA NA LOC Through VBWD
Monuments $6,000 $7,500 75%$5,625
Miscellaneous Facilities NA NA
Record Drawings $6,500 $8,125 75%$6,094
TOTALS $2,752,665 $3,440,831 RELEASED AMOUNTS:$116,000 $1,130,091 $268,418 $744,337 $250,278 $268,418
CUMMULATIVE AMOUNTS:$116,000 $1,246,091 $1,514,509 $2,258,846 $2,509,123 $2,777,541
SECURITY AMOUNT REMAINING:$3,440,831 $2,310,740 $2,042,322 $1,297,986 $1,047,708 $779,290
DATE:10/29/2015 12/15/2015 2/16/2016 9/7/2016 12/5/2017 11/7/2018
REDUCTIONS