HomeMy WebLinkAbout#11 - Royal Golf 1st Addn Site Improvements Security Release STAFF REPORT
DATE: October 6, 2020
CONSENT
AGENDA ITEM: Approve Release of Warranty Security for Royal Golf Club Site Improvements
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 warranty security for public
improvements including streets, storm sewer facilities, sidewalks, trails, materials and equipment for Royal
Golf Club Site Improvement?
PROPOSAL DETAILS/ANALYSIS: Staff has received and processed a request to release the
development security in accordance with the development agreement for the Royal Golf Club Site
Improvements. The public improvements including streets, storm sewer facilities, sidewalks, trails,
materials and equipment were completed and accepted by the City on July 2, 2019 and the 1-year warranty
period was initiated. Twenty-five percent (25%) of the original security was retained through the 1-year
warranty period. A warranty walk-through has been completed by City staff and all warranty punch list
items have since been addressed by the Developer. With the release of the 1-year warranty security for
public improvements the overall development security may be reduced as follows:
Current Security Amount Proposed Security Amount
• Royal Golf Club Site Improvements: $422,012 $367,198
Remaining security is for the sanitary sewer and watermain warranty period which expires on July 2, 2021.
FISCAL IMPACT: Release of the warranty security brings the public improvements including streets,
storm sewer facilities, sidewalks, trails, materials and equipment to a close. The operation and maintenance
of these facilities 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 improvements including streets, storm sewer facilities,
sidewalks, trails, materials and equipment in the Royal Golf Club Site Improvements resulting in a
reduction in overall security as detailed in the attached worksheet. If removed from the consent agenda, the
recommended motion for the action is as follows:
“Move to approve the security reductions for Royal Golf Club Site Improvements as detailed in the
attached Security Reduction Worksheet.”
ATTACHMENTS:
1. Security Reduction Worksheet – Royal Golf Club Site Improvements.
ROYAL GOLF CLUB 20TH STREET WM/SITE UTILITIES November 30, 2017DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2Sanitary Sewer $274,054 $342,568 $256,926Watermain $900,983 $1,126,229 $844,672Storm Sewer $28,706 $35,883 $26,912 $8,971Streets and Sidewalks $76,700 $95,875 $71,906 $23,969Trails $70,000 $87,500 $65,625 $21,875TOTALS $1,350,443 $1,688,053RELEASED AMOUNTS:$1,266,040 $54,814CUMMULATIVE AMOUNTS:$1,266,040 $1,320,855SECURITY AMOUNT REMAINING:$422,012 $367,198DATE: 7/2/2019 10/6/2020Time of Performance: REDUCTIONS