HomeMy WebLinkAbout#18 - Hidden Meadows 2nd Utility Oversize Cost ReimbursementDATE: January 18, 2022
CONSENT
AGENDA ITEM: Approve Utility Oversize Cost Reimbursement for Hidden Meadows 2nd Addition.
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 utility oversize cost reimbursement for Hidden Meadows 2nd Addition? PROPOSAL DETAILS/ANALYSIS: Staff has received and processed a request to process the utility oversize cost reimbursement for Hidden Meadows 2nd Addition. 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:
Upon acceptance of the sanitary sewer and watermain utilities, utility oversize cost reimbursement is due in the amount of $58,064 for trunk watermain oversize costs in Hidden Meadows 2nd Addition.
FISCAL IMPACT: Utility oversize costs are estimated and identified in the City’s capital improvement and utility pro forma plans for trunk watermain and trunk sanitary sewer infrastructure. Trunk watermain
and sanitary sewer oversize costs are funded through the respective utility enterprise funds. RECOMMENDATION: Staff is recommending that the City Council, as part of the Consent Agenda, approve the utility oversize cost reimbursement for Hidden Meadows 2nd Addition, contingent on the developer being current with all other payments and obligations in accordance with the Development Agreement, including a positive escrow balance as required by the City. If removed from the consent
agenda, the recommended motion for the action is as follows: “Move to approve the utility oversize cost reimbursement as presented on the attached Payment
Voucher for Hidden Meadows 2nd Addition, contingent on the developer being current with all other payments and obligations in accordance with the Development Agreement, including a positive escrow balance as required by the City”. ATTACHMENTS:
1. Payment Voucher for Utility Oversize Cost Reimbursement – Hidden Meadows 2nd Addition.
Vendor No:(Finance use only)
Vendor:58,064.00$
(calculates from below)
Invoice:
01/05/22
Address:
Fund Function Dept Account Amount
601 494 9400 45300 58,064.00$
Total:58,064.00$
Department Director
City Adminstrator or Finance Director
(required if not budgeted or over $100,000)
Payment per Section 28 - City Payments: Hidden Meadows 2nd Addition Development Agreement (12/20/2017).
Trunk Watermain Oversize - Hidden Meadows 2nd
Notes
City of Lake Elmo
Payment Voucher
Rachel Development, Inc. Attn: Steve Wolbeck Payment Total:
Addition
Invoice Date:
4125 Napier Ct NE
St. Michael, MN 55376
Description