HomeMy WebLinkAbout#07 - Village Preserve 1st Addtion Warranty Security Release STAFF REPORT
DATE: June 5, 2018
CONSENT
ITEM #: 7
AGENDA ITEM: Village Preserve 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 Emily Becker, Planning Director
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 Village Preserve 1st Addition development?
PROPOSAL DETAILS/ANALYSIS: The public sanitary sewer and watermain in Village Preserve 1st
Addition development was completed and accepted by the City on March 15, 2016 and the 2-year warranty
period was initiated. A security in the amount of 25% of the original security ($141,281) was retained for
the warranty period.
Staff has received and processed a request to release the warranty security for the public sanitary sewer and
watermain in Village Preserve 1st Addition. A warranty walk-through was completed by City staff in
January 2018 and all warranty items have since been addressed by the Developer. Release of the current
security amount of $141,281 is recommended.
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, to
approve the release of warranty security for public sanitary sewer and watermain in the Village Preserve
1st Addition development 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 release of warranty security for public sanitary sewer and watermain in the
Village Preserve 1st Addition development as detailed in the respective Security Reduction Worksheet”.
ATTACHMENTS:
1. Security Reduction Worksheet – Village Preserve 1st Addition.
VILLAGE PRESERVE 1ST ADDITION Time of Performance: October 31, 2016
DEVELOPMENT AGREEMENT AMOUNTS
CATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6
Grading $79,860 NA
Shared Wildflower Improvements $255,801 $319,751.25
Grading $456,502 $570,627.50 $570,628 100%
Sanitary Sewer $227,849 $284,811.25 $213,608 75%$71,203 25%
Watermain $224,251 $280,313.75 $210,235 75%$70,078 25%
Streets (includes sidewalks/trails) $727,995 $909,993.75 $163,799 18%$518,696 75%
Surface Water Facilities $225,248 $281,560.00 $140,780 50%$70,390 75%
Erosion Control $27,970 $34,962.50 $26,222
Sidewalks/Trails NA NA Included in Streets
Street Lighting NA NA By Xcel Energy
Street Signs and Traffic Control Signs $3,600 $4,500.00 $3,375
Landscaping $105,453 $131,816.25
Tree Preservation and Restoration NA NA included in Erosion Control
Wetland Mitigation and Buffers NA NA LOC Through VBWD
Monuments $4,600 $5,750.00 $4,313
Miscellaneous Facilities NA NA None
Record Drawings + PL $2,500 $3,125.00 $2,344
TOTALS $2,005,968 $2,507,460.00 RELEASED AMOUNTS:$728,423 $589,086 $570,628 $36,253 $141,281
$484,208 CUMMULATIVE AMOUNTS:$728,423 $1,317,509 $1,888,137 $1,924,390 $2,065,671
SECURITY AMOUNT REMAINING:$1,779,037 $1,189,951 $619,323 $583,070 $441,789
DATE:3/15/2016 8/2/2016 9/6/2016 12/19/2017 6/5/2018
REDUCTIONS
Site Grading Agrmt: Assumed Replaced
Never Received: Provided by Wildflower