HomeMy WebLinkAbout#15 - Hammes Estates 2nd Add Improvements STAFF REPORT
DATE: November 17, 2020
CONSENT
AGENDA ITEM: Accept Improvements and Approve Security Reduction for the Hammes Estates
2nd Addition.
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 a security
reduction for the Hammes Estates 2nd Addition?
PROPOSAL DETAILS/ANALYSIS: Staff has received and processed a request to accept the
improvements and to reduce the development security for the Hammes Estates 2nd Addition. This request
has been reviewed and the following reduction is being recommended:
Current Security Amount Proposed Security Amount
1. Hammes Estates 2nd Add. $323,900 $272,937
The Hammes Estates 2nd Addition street and drainage improvements are now in the warranty period per
the attached Certificate of Completion. Twenty-five percent (25%) of the original security amount will be
retained until the warranty period expires on November 17, 2021 for street and drainage improvements.
This release of security is conditioned on the developer bringing their escrow accounts into compliance.
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 reduction for the Hammes Estates 2nd Addition as
detailed in the attached worksheet contingent upon the escrow accounts being brought into compliance. If
removed from the consent agenda, the recommended motion for the action is as follows:
“Move to accept improvements and approve the security reduction for the Hammes Estates 2nd
Addition as detailed in the attached Security Reduction Worksheet, contingent upon the escrow
accounts being brought into compliance”.
ATTACHMENTS:
1. Certificate of Completion – Hammes Estates 2nd Addition.
2. Security Reduction Worksheet – Hammes Estates 2nd Addition.
HAMMES 2ND ADDITION Time of Performance: October 31, 2017DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6Grading NA NAIncluded in Phase 1Sanitary Sewer $121,909 $152,386 $114,290Watermain $107,523 $134,404 $100,803Storm Sewer (w/pond structures) $139,803 $174,754 $131,065Streets + Sidewalks $235,446 $294,308 $220,731Bituminous Trails $7,783 $9,729 $7,297Surface Water Facilities NA NAStreet Lighting $18,000 $22,500 $16,875Street Signs and Traffic Control Signs $1,000 $1,250 $938Private Utilities (electricity, natural gas, telephone, and cable)Landscaping $53,588 $66,985Tree Preservation and Restoration NA NAWetland Mitigation and Buffers NA NAMonuments $3,700 $4,625 $3,469Erosion Control $18,878 $23,598 $17,698Miscellaneous Facilities NA NARecord Drawings $5,000 $6,250 $4,688TOTALS $712,630 $890,789RELEASED AMOUNTS:$566,888 $50,963 $0 $0 $0$222,697.13CUMMULATIVE AMOUNTS:$566,888 $617,852SECURITY AMOUNT REMAINING:$323,900 $272,937DATE:11/20/2018 11/17/2020REDUCTIONS