HomeMy WebLinkAbout#07 - Savona 3rd & 4th Utility Warranty Security STAFF REPORT
DATE: February 4, 2020
CONSENT
AGENDA ITEM: Approve Release of Warranty Security for Public Sanitary Sewer and Watermain
for Savona 3rd and 4th Additions
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 Savona 3rd and 4th Additions?
PROPOSAL DETAILS/ANALYSIS: Staff has received and processed a request to release the
development security in accordance with the development agreements for the Savona 3rd and 4th Additions.
The public sanitary sewer and watermain was completed and accepted by the City on January 16, 2018 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 the 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. Savona 3rd Addition: $ 809,691 $ 544,562
2. Savona 4th Addition: $1,797,386 $1,534,932
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 Savona 3rd and 4th
Additions resulting in a reduction in overall security as detailed in the respective worksheet, contingent
upon development escrow balances being brought into compliance with the development agreement. If
removed from the consent agenda, the recommended motion for the action is as follows:
“Move to approve the security reductions for the Savona 3rd and 4th Additions as detailed in the
respective Security Reduction Worksheet, contingent upon development escrow balances being brought
into compliance with the development agreement”.
ATTACHMENTS:
1. Savona 3rd Addition Security Reduction Worksheet.
2. Savona 4th Addition Security Reduction Worksheet.
SAVONA 3RD ADDITION Time of Performance: October 31, 2016DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6 #7Grading (Separate Grading Agreement) $127,000 $127,000Sanitary Sewer $345,301 $431,626100%$215,813 $107,907$107,907Watermain $503,113 $628,891100%$314,446 $157,223$157,223Streets $1,168,007 $1,460,00975%$730,004 $365,002Surface Water Facilities $333,140 $416,42575%$208,213 $104,106Erosion Control $133,732 $167,16575%$125,374Sidewalks/Trails Included in Streets Included in StreetsStreet Lighting NA NABy Xcel EnergyStreet Signs and Traffic Control Signs Included in Streets Included in StreetsLandscaping $95,218 $119,02375%$89,267Tree Preservation and Restoration NA NAWetland Mitigation and Buffers NA NALOC Through VBWDMonuments $6,000 $7,50075%$5,625Miscellaneous Facilities NA NARecord Drawings $6,500 $8,12575%$6,094TOTALS $2,591,011 $3,365,764RELEASED AMOUNTS:$1,468,476 $392,129 $502,095 $104,106 $89,267$265,129$0CUMMULATIVE AMOUNTS:$1,468,476 $1,860,605 $2,362,700 $2,466,806 $2,556,073 $2,821,202SECURITY AMOUNT REMAINING:$1,897,288 $1,505,159 $1,003,064 $898,958 $809,691 $544,562DATE: 12/20/2016 1/16/2018 2/5/2019 9/3/2019 12/3/2019 2/4/2020REDUCTIONS
SAVONA 4TH ADDITION Time of Performance: September 30, 2017DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5Grading NA NA NASanitary Sewer $379,407 $474,259100%$355,694$118,565Watermain $460,445 $575,556100%$431,667$143,889Storm Sewer (w/pond structures) $449,062 $561,32850%$280,664Streets $1,296,601 $1,620,75175%$810,375 $405,188Sidewalks/Trails $281,412 $351,765Surface Water Facilities NA NAincluded in Grading AgreementStreet Lighting $84,000 $105,0000%Street Signs and Traffic Control Signs $4,650 $5,813Private Utilities (electricity, natural gas, telephone, and cable)Landscaping $213,893 $267,3660%Tree Preservation and Restoration NA NAWetland Mitigation and Buffers NA NALOC Through VBWDMonuments $7,800 $9,7500%Erosion Control $81,009 $101,2620%Record Drawings $6,500 $8,1250%TOTALS $3,264,779 $4,080,974RELEASED AMOUNTS:$1,878,401 $405,188$262,454$0 $0$1,020,244CUMMULATIVE AMOUNTS:$1,878,401 $2,283,589 $2,546,042SECURITY AMOUNT REMAINING:$2,202,573 $1,797,386 $1,534,932DATE:1/16/2018 2/5/2019 2/4/2020REDUCTIONS