HomeMy WebLinkAbout#07 - Hunters Crossing Accept Improvments & Security Reduction STAFF REPORT
DATE: February 5, 2019
CONSENT
AGENDA ITEM: Accept Improvements and Approve Security Reduction for the Hunter’s
Crossing 1st & 2nd Addition.
SUBMITTED BY: Jack Griffin, City Engineer
REVIEWED BY: Kristina Handt, City Administrator
Ken Roberts, Planning Director
Rob Weldon, Public Works Director
ISSUE BEFORE COUNCIL: Should the City Council accept the improvements and approve security
reductions for the Hunter’s Crossing 1st & 2nd Additions?
PROPOSAL DETAILS/ANALYSIS: Staff has received and processed requests to accept the
improvements and to reduce the development security for the Hunter’s Crossing 1st & 2nd Additions. This
request has been reviewed and the following reduction is being recommended:
Current Security Amount Proposed Security Amount
1. Hunter’s Crossing 1st Addition: $ 261,908 $ 152,264
2. Hunter’s Crossing 2nd Addition $ 253,589 $ 221,274
The Hunter’s Crossing 1st & 2nd Addition utility, grading, and landscaping improvements have been
completed, and utility warranty security amounts were released at the January 2nd council meeting. The
street and drainage improvements are now in the warranty period per the attached Certificates of
Completion. Twenty-five percent (25%) of the original security amount will be retained until the warranty
period has expired in February 2020 for street and drainage improvements.
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 reductions for the Hunter’s Crossing 1st & 2nd Additions
as detailed in the respective worksheet. 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 the Hunter’s Crossing 1st & 2nd
Additions as detailed in the attached Security Reduction Worksheets”.
ATTACHMENTS:
1. Certificate of Completion – Hunter’s Crossing 1st Addition.
2. Certificate of Completion – Hunter’s Crossing 2nd Addition.
3. Security Reduction Worksheet – Hunter’s Crossing 1st Addition.
4. Security Reduction Worksheet – Hunter’s Crossing 2nd Addition.
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 $215,32375%$107,661$53,831Erosion Control $36,023 $45,02975%$22,514$11,257Sidewalks/Trails $31,120 $38,90075%$19,450 $9,725Street Lighting NA NABy Xcel EnergyStreet Signs and Traffic Control Signs $3,263 $4,07975%$2,039$1,020Landscaping $53,162 $66,453100%$66,453Tree Preservation and Restoration NA NAWetland Mitigation and Buffers NA NALOC Through VBWDMonuments $1,980 $2,47575%$1,856Pond Filtration $41,959 $52,44975%$39,337Record Drawings $2,500 $3,12575%$2,344TOTALS $1,295,815 $1,619,769RELEASED AMOUNTS:$725,119 $463,162 $169,579$109,644$0 $0$272,004CUMMULATIVE AMOUNTS:$725,119 $1,188,281 $1,357,860$1,467,504SECURITY AMOUNT REMAINING:$894,649 $431,488 $261,908$152,264DATE:12/15/2015 12/20/2016 1/2/20192/5/2019REDUCTIONS
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 $113,79075%$56,895$28,448Erosion Control $4,875 $6,09475%$3,047$1,523Sidewalks/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 $3,12575%$2,344TOTALS $916,323 $1,145,404RELEASED AMOUNTS:$553,678 $251,438 $86,698$32,315$0 $0$286,351CUMMULATIVE AMOUNTS:$553,678 $805,117 $891,815$924,130SECURITY AMOUNT REMAINING:$591,726 $340,287 $253,589$221,274DATE:12/15/2015 12/20/2016 1/2/20192/5/2019REDUCTIONS