HomeMy WebLinkAbout#11 - Security Reductions STAFF REPORT
DATE: January 2, 2019
CONSENT
AGENDA ITEM: Approve Development Security Reductions for Hunter’s Crossing 1st & 2nd
Additions and Easton Village 1st Addition
SUBMITTED BY: Jack Griffin, City Engineer
REVIEWED BY: Kristina Handt, City Administrator
Ken Roberts, Planning Director
Chad Isakson, Assistant City Engineer
ISSUE BEFORE COUNCIL: Should the City Council approve release of warranty security for sanitary
sewer and watermain for the Hunter’s Crossing 1st & 2nd Additions and Easton Village 1st Addition?
PROPOSAL DETAILS/ANALYSIS: Staff has received and processed requests to release the warranty
security for the public sanitary sewer and watermain for these three subdivisions. These requests have been
reviewed and the following releases are being recommended for approval:
Current Security Amount Proposed Security Amount
1. Hunter’s Crossing 1st Addition $ 431,488 $ 261,908
2. Hunter’s Crossing 2nd Addition $ 340,287 $ 253,589
3. Easton Village 1st Addition $ 771,771 $ 585,131
City staff completed on-site warranty walk throughs for the sanitary sewer and watermain facilities for each
of these subdivisions. Issues or corrections identified from the walk throughs were communicated to the
respective developer and all punch list items have been addressed to the satisfaction of City staff. Release
of the full warranty security for each subdivision is recommended.
FISCAL IMPACT: Release of the warranty security brings the public sanitary sewer and watermain
portion of these projects to a close.
RECOMMENDATION: Staff is recommending that the City Council approve, as part of the Consent
Agenda, the release of warranty security for public sanitary sewer and watermain for the Hunter’s Crossing
1st & 2nd Addition and the Easton Village 1st Addition as detailed in the attached worksheets. 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 for the
Hunter’s Crossing 1st & 2nd Additions and the Easton Village 1st Addition as detailed in the attached
Security Reduction Worksheets.”
ATTACHMENTS:
1. Security Reduction Worksheet – Hunter’s Crossing 1st Addition.
2. Security Reduction Worksheet – Hunter’s Crossing 2nd Addition.
3. Security Reduction Worksheet – Easton Village 1st Addition.
EASTON VILLAGE 1ST ADDITION Time of Performance: June 30, 2016DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6Grading $728,739 $910,924100%$910,924Sanitary Sewer $293,960 $367,450100%$275,588 $91,863Watermain $303,289 $379,111100%$284,333 $94,778Storm Sewer (w/pond structures) $585,943 $732,42975%$366,214 $183,107Streets $526,489 $658,11175%$329,056 $164,528Sidewalks/Trails $98,777 $123,47175%$61,736 $30,868Surface Water Facilities NA NAStreet Lighting NA NAStreet Signs and Traffic Control Signs $5,600 $7,00075%$5,250Private Utilities (electricity, natural gas, telephone, and cable)NALandscaping $110,781 $138,47675%$69,238Tree Preservation and Restoration $164,435 $205,54475%$102,772Wetland Mitigation and Buffers NA NAMonuments $30,000 $37,50075%$28,125Erosion Control $68,678 $85,84875%$64,386Miscellaneous Facilities NA NARecord Drawings $6,500 $8,12575%$6,094TOTALS $2,923,191 $3,653,989RELEASED AMOUNTS:$559,921 $1,845,189 $477,107 $186,640 $0 $0$685,766CUMMULATIVE AMOUNTS:$559,921 $2,405,110 $2,882,218 $3,068,858SECURITY AMOUNT REMAINING:$3,094,068 $1,248,878 $771,771 $585,131DATE:8/2/2016 12/20/2016 5/15/2018 1/2/2019REDUCTIONS
HUNTERS CROSSING 1ST ADDITION Time of Performance: October 31, 2015DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6Grading $425,402 $531,753100%$265,876 $265,876Sanitary Sewer $159,358 $199,198100%$99,599 $49,799 $49,799Watermain $170,647 $213,309100%$106,654 $53,327 $53,327Streets $198,143 $247,67975%$123,839 $61,920Surface Water Facilities $172,258 $215,32350%$107,661Erosion Control $36,023 $45,02950%$22,514Sidewalks/Trails $31,120 $38,90075%$19,450 $9,725Street Lighting NA NABy Xcel EnergyStreet Signs and Traffic Control Signs $3,263 $4,07950%$2,039Landscaping $53,162 $66,453100%$66,453Tree Preservation and Restoration NA NAWetland Mitigation and Buffers NA NALOC Through VBWDMonuments $1,980 $2,4750%Pond Filtration $41,959 $52,4490%Record Drawings $2,500 $3,1250%TOTALS $1,295,815 $1,619,769RELEASED AMOUNTS:$725,119 $463,162 $169,579 $0 $0 $0$272,004CUMMULATIVE AMOUNTS:$725,119 $1,188,281 $1,357,860SECURITY AMOUNT REMAINING:$894,649 $431,488 $261,908DATE:12/15/2015 12/20/2016 1/2/2019REDUCTIONS
HUNTERS CROSSING 2ND ADDITION Time of Performance: June 30, 2016DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6Grading NA NAIncluded in 1st AdditionSanitary Sewer $48,986 $61,233100%$30,616 $15,308 $15,308Watermain $136,197 $170,246100%$85,123 $42,562 $42,562Streets $153,091 $191,36475%$95,682 $47,8415th Street $408,695 $510,86975%$255,434 $127,717Surface Water Facilities $91,032 $113,79050%$56,895Erosion Control $4,875 $6,09450%$3,047Sidewalks/Trails $47,552 $59,44075%$29,720 $14,860Street Lighting NA NABy Xcel EnergyStreet Signs and Traffic Control Signs $332 $41575%$208 $104Landscaping $23,063 $28,829100%$28,829Tree Preservation and Restoration NA NAIncluded in 1st AdditionWetland Mitigation and Buffers NA NALOC Through VBWDMonuments NA NAIncluded in 1st AdditionPond Filtration NA NAIncluded in 1st AdditionRecord Drawings $2,500 $3,1250%TOTALS $916,323 $1,145,404RELEASED AMOUNTS:$553,678 $251,438 $86,698 $0 $0 $0$286,351CUMMULATIVE AMOUNTS:$553,678 $805,117 $891,815SECURITY AMOUNT REMAINING:$591,726 $340,287 $253,589DATE:12/15/2015 12/20/2016 1/2/2019REDUCTIONS