HomeMy WebLinkAbout#26 - Hammes Estates Utility Cost ReimbursementDATE: December 7, 2021
CONSENT
AGENDA ITEM: Approve City Utility Oversize Cost Reimbursements for Hammes Estates 1st and 3rd Additions.
SUBMITTED BY: Jack Griffin, City Engineer REVIEWED BY: Kristina Handt, City Administrator Marty Powers, Public Works Director Sam Magureanu, Finance Director Chad Isakson, Assistant City Engineer
ISSUE BEFORE COUNCIL: Should the City Council approve the City utility oversize cost reimbursements for the Hammes Estates 1st and 3rd Additions? PROPOSAL DETAILS/ANALYSIS: Staff has received and processed a request to process City utility oversize cost reimbursements for the Hammes Estates 1st and 3rd Additions. This request has been reviewed and is being recommended for approval in accordance with the approved Development Agreements, and contingent on the developer being current with all other payments and obligations in accordance with the Development Agreements, including a positive escrow balance as required by the City:
Utility oversize cost reimbursements are due in the amount of $25,573 for trunk watermain oversize costs in the Hammes Estates 1st Addition; in the amount of $40,055 for trunk watermain oversize costs in the
Hammes Estates 3rd Addition; and in the amount of $90,180 for water system pressure reduction valve oversize costs in the Hammes Estates 3rd Addition. FISCAL IMPACT: It is the City’s goal to retain at all times during the subdivision improvements a security amount that is adequate to ensure completion of all elements of the improvements as protection to the City tax payers against the potential of developer default. RECOMMENDATION: Staff is recommending that the City Council, as part of the Consent Agenda, approve City utility oversize cost reimbursements for the Hammes Estates 1st and 3rd Additions, contingent on the developer being current with all other payments and obligations in accordance with the Development Agreement, including a positive escrow balance as required by the City. If removed from the consent agenda, the recommended motion for the action is as follows: “Move to approve City utility oversize cost reimbursements as presented on the attached Payment Voucher for the Hammes Estates 1st and 3rd Additions, contingent on the developer being current
with all other payments and obligations in accordance with the Development Agreement, including a positive escrow balance as required by the City”. ATTACHMENTS:
1. Payment Voucher for Utility Oversize Cost Reimbursement – Hammes 1st and 3rd Additions.
Vendor No:(Finance use only)
Vendor:155,808.00$
(calculates from below)
Invoice:
12/07/21
Address:
Fund Function Dept Account Amount
601 494 9400 45300 25,573.00$
601 494 9400 45300 40,055.00$
601 494 9400 45300 90,180.00$
Total:155,808.00$
Department Director
City Adminstrator or Finance Director
(required if not budgeted or over $100,000)
3rd Addition Development Agreement, amended April 2, 2019.
Payment per Section 28 - City Payments: Hammes Estates 3rd Addition Amended Development Agreement.
City of Lake Elmo
Payment Voucher
Rachel Development, Inc. Attn: David Stratman Payment Total:
Trunk Watermain Oversize - Hammes 3rd Addition
Water System PRV Oversize - Hammes 3rd Addition
Invoice Date:
4125 Napier Ct NE
St. Michael, MN 55376
Description
Trunk Watermain Oversize - Hammes 1st Addition
Notes
Payment per Section 29 - City Payments: Hammes Estates 1st Addition Development Agreement (09/29/2016).