HomeMy WebLinkAbout#21 - Inwood 4th and Wildflower 2nd Security Reductions STAFF REPORT
DATE: December 17, 2019
CONSENT
AGENDA ITEM: Approve Release of Warranty Security for Public Sanitary Sewer and Watermain
for Inwood 4th Addition and Wildflower 2nd Addition
SUBMITTED BY: Jack Griffin, City Engineer
REVIEWED BY: Kristina Handt, City Administrator Marty Powers, Public Works Director Ken Roberts, Planning Director
Chad Isakson, Assistant City Engineer
ISSUE BEFORE COUNCIL: Should the City Council approve release of the warranty security for public
sanitary sewer and watermain for the Inwood 4th Addition and Wildflower 2nd Addition?
PROPOSAL DETAILS/ANALYSIS: Staff has received and processed a request to release the
development security in accordance with the development agreement for the Inwood 4th Addition and
Wildflower 2nd Addition. The public sanitary sewer and watermain was completed and accepted by the
City on September 5, 2017 (Inwood 4th Addition) and December 5, 2017 (Wildflower 2nd Addition) and the
2-year warranty period was initiated. Twenty-five percent (25%) of the original security was retained
through the 2-year warranty period for watermain and sanitary sewer. A warranty walk-through was
completed by City staff and all warranty punch list items have since been addressed by each respective
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. Inwood 4th Addition: $288,267 $207,002
2. Wildflower 2nd Addition: $242,076 $194,482
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 Inwood 4th Addition
and Wildflower 2nd Addition 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 reductions for the Inwood 4th Addition and Wildflower 2nd Addition as
detailed in the respective Security Reduction Worksheet”.
ATTACHMENTS:
1. Security Reduction Worksheet – Inwood 4th Addition.
2. Security Reduction Worksheet – Wildflower 2nd Addition.
INWOOD 4TH ADDITION October 31, 2017
DEVELOPMENT AGREEMENT AMOUNTS
CATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6
Grading NA NA Included in Overall Grading Agreement
Sanitary Sewer $86,227 $107,783.50 $80,838 $26,946
Watermain $173,821 $217,276.25 $162,957 $54,319
Storm Sewer $112,613 $140,766.25 $105,575
Streets and Sidewalks $285,312 $356,640.00 $267,480
Trails NA NA
Surface Water Facilities NA NA included in Grading Agreement
Street Lighting $24,000 $30,000.00 By Xcel Energy
Street Signs and Traffic Control Signs $1,320 $1,650.00
Private Utilities (electricity, natural gas, telephone, and cable)
Landscaping $32,000 $40,000.00
Tree Preservation and Restoration NA NA included in Grading Agreement
Wetland Mitigation and Buffers NA NA LOC Through VBWD
Monuments $3,800 $4,750.00
Erosion Control NA NA included in Grading Agreement
Miscellaneous Facilities NA NA None
Record Drawings $5,000 $6,250.00
TOTALS $724,093 $905,116.00 RELEASED AMOUNTS:$616,850 $81,265 $0 $0 $0 $0
CUMMULATIVE AMOUNTS:$616,850 $698,114
SECURITY AMOUNT REMAINING:$288,267 $207,002
DATE:9/5/2017 12/17/2019
REDUCTIONS
Time of Performance:
WILDFLOWER AT LAKE ELMO 2ND ADDITION Time of Performance: October 31, 2017
DEVELOPMENT AGREEMENT AMOUNTS
CATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6
Sanitary Sewer $71,020 $88,774 $66,581 $22,194
Watermain $81,280 $101,600 $76,200 $25,400
Streets & Sidewalks $242,331 $302,914 $151,457 $75,729
Surface Water Facilities $52,912 $66,140 $33,070 $16,535
Erosion Control $16,533 $20,666 $15,500
Trails $3,257 $4,071 $3,053
Street Lighting $18,000 $22,500 By Xcel Energy $16,875
Street Signs and Traffic Control Signs $5,310 $6,638 $4,978
Landscaping $40,500 $50,625
Tree Preservation and Restoration NA NA
Wetland Mitigation and Buffers NA NA
Monuments $2,000 $2,500 $1,875
Private Utilities $115,000 $143,750 $107,813
Record Drawings $5,000 $6,250 $4,688
TOTALS $653,143 $816,429 RELEASED AMOUNTS:$327,308 $247,045 $47,594 $0 $0 $0
Incorrect original amount $787,239 CUMMULATIVE AMOUNTS:$327,308 $574,353 $621,946
SECURITY AMOUNT REMAINING:$489,121 $242,076 $194,482
DATE:12/5/2017 11/5/2019 12/17/2019
REDUCTIONS