HomeMy WebLinkAbout#06 - Royal Golf Club Security Reductions STAFF REPORT
DATE: July 2, 2019
CONSENT
AGENDA ITEM: Accept Improvements and Approve Reduction of Security for the Royal Golf
Club 1st Addition; and 20th Street Watermain and Site Utilities
SUBMITTED BY: Jack Griffin, City Engineer
REVIEWED BY: Kristina Handt, City Administrator Ken Roberts, Planning Director
Marty Powers, Public Works Director
Chad Isakson, Assistant City Engineer
ISSUE BEFORE COUNCIL: Should the City Council accept the improvements and approve security
reductions for the Royal Golf Club 1st Addition and Royal Golf Club Site Utilities?
PROPOSAL DETAILS/ANALYSIS: Staff has received and processed a request to accept the
improvements and to reduce the development security for the Royal Golf Club 1st Addition and 20th Street
Watermain and Site Utilities. This request has been reviewed and the following reductions are being
recommended:
Current Security Amount Proposed Security Amount
1. Royal Golf Club 1st Addition: $ 1,840,876 $ 892,597
2. Royal Golf Club Site Utilities: $ 1,688,053 $ 422,012
The Royal Golf Club 1st Addition and Royal Golf Club 20th Street Watermain and Site Utilities public
improvements have been completed in accordance with the development agreements dated September 19,
2017 and August 15, 2017 respectively. The completed improvements are in the warranty period per the
attached Certificate of Completion. A security amount of 25% of the original security will be retained until
the warranty period has expired.
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 Royal Golf Club as detailed in the
attached worksheets. If removed from the consent agenda, the recommended motion for the action is as
follows:
“Move to accept the improvements and approve security reductions for the Royal Golf Club 1st
Addition and Royal Golf Club 20th Street Watermain and Site Utilities as detailed in the attached
Security Reduction Worksheets”.
ATTACHMENTS:
1. Royal Golf Club 1st Addition – Engineers Certificate of Acceptance.
2. Royal Golf Club 20th Street Watermain and Site Utilities – Engineers Certificate of Acceptance.
3. Royal Golf Club 1st Addition – Security Reduction Worksheet.
4. Royal Golf Club 20th Street Watermain and Site Utilities – Security Reduction Worksheet.
ROYAL GOLF CLUB 1ST ADDITION October 31, 2018
DEVELOPMENT AGREEMENT AMOUNTS
CATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4
Grading NA NA Included in Overall Grading Agreement
Sanitary Sewer $723,897 $904,871 75%$452,436 $226,218
Watermain $368,489 $460,611 75%$230,306 $115,153
Storm Sewer $429,087 $536,359 75%$268,179 $134,090
Streets and Sidewalks $872,121 $1,090,151 75%$545,076 $272,538
Trails $76,050 $95,063 $71,297
Surface Water Facilities NA NA included in Grading Agreement
Street Lighting $36,000 $45,000 By Xcel Energy $33,750
Street Signs and Traffic Control Signs $11,404 $14,254 $10,691
Landscaping $249,083 $311,354 $233,515
Tree Preservation and Restoration NA NA included in Grading Agreement
Wetland Mitigation and Buffers NA NA included in Grading Agreement
Monuments $7,300 $9,125 $6,844
Erosion Control $71,880 $89,850 $67,388
Turn Lanes NA NA included in Streets & Sidewalks
Record Drawings $11,000 $13,750 $10,313
TOTALS $2,856,310 $3,570,388 RELEASED AMOUNTS:$1,495,996 $233,515 $948,279 $0
CUMMULATIVE AMOUNTS:$1,495,996 $1,729,511 $2,677,791
SECURITY AMOUNT REMAINING:$2,074,392 $1,840,876 $892,597
DATE: 1/16/2018 3/5/2019 7/2/2019
Time of Performance:
REDUCTIONS
ROYAL GOLF CLUB 20TH STREET WM/SITE UTILITIES November 30, 2017
DEVELOPMENT AGREEMENT AMOUNTS
CATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3
Sanitary Sewer $274,054 $342,568 $256,926
Watermain $900,983 $1,126,229 $844,672
Storm Sewer $28,706 $35,883 $26,912
Streets and Sidewalks $76,700 $95,875 $71,906
Trails $70,000 $87,500 $65,625
TOTALS $1,350,443 $1,688,053 RELEASED AMOUNTS:$1,266,040 $0 $0
CUMMULATIVE AMOUNTS:$1,266,040
SECURITY AMOUNT REMAINING:$422,012
DATE: 7/2/2019
Time of Performance:
REDUCTIONS