HomeMy WebLinkAbout#21 - Northport Security Reductions STAFF REPORT
DATE: December 6, 2022
CONSENT
AGENDA ITEM: Accept Improvements and Approve Security Reductions for Northport 1st and Northport 2nd Addition
SUBMITTED BY: Jack Griffin, City Engineer REVIEWED BY: Kristina Handt, City Administrator Molly Just, Planning Director Marty Powers, Public Works Director Chad Isakson, Assistant City Engineer
ISSUE BEFORE COUNCIL: Should the City Council accept the improvements and approve security reductions for Northport 1st and Northport 2nd Addition? PROPOSAL DETAILS/ANALYSIS: Staff has received and processed a request to accept the improvements and reduce the development security for Northport 1st and Northport 2nd Addition. This request has been reviewed and is being recommended for approval in accordance with the approved Development Agreement, and 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. The Development Security amount is recommended to be reduced as follows: Current Security Amount Proposed Security Amount 1. Northport 1st Addition $ 1,542,955 $ 955,008 2. Northport 2nd Addition $ 436,764 $ 263,239 The Northport 1st and Northport 2nd Addition facilities are in the warranty period as identified on the
attached Certificate of Completion. Twenty-five percent (25%) of the original security amount will be retained until the warranty periods have expired and all warranty corrective work has been completed. 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 reductions as detailed in the attached respective worksheets for Northport 1st and Northport 2nd Addition, all 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 accept the improvements and approve the security reductions as detailed in the attached
respective worksheets for Northport 1st and Northport 2nd Addition, contingent on the developer being current with all other payments and obligations in accordance with the Development Agreement.” ATTACHMENTS: 1. Certificate of Completion – Northport 1st Addition.
2. Security Reduction Worksheet – Northport 1st Addition. 3. Certificate of Completion – Northport 2nd Addition. 4. Security Reduction Worksheet – Northport 2nd Addition.
CERTIFICATE OF COMPLETION
DATE OF ISSUANCE: DECEMBER 6, 2022
OWNER: CITY OF LAKE ELMO, MN
DEVELOPER: Pulte Homes of Minnesota, LLC
SUBDIVISION
NAME:
NORTHPORT 1ST ADDITION
PROJECT NO.: 2014.133
This Certification of Completion applies to all work under the Development Agreement
This Certification of Completion applies to the following specified parts of the Development
Agreement
Section 34.A – Public sewer and watermain
Section 34.B – Public improvements related to street construction including concrete curb and
gutter, sidewalks and trails, materials and equipment.
I do hereby certify that the work to which this Certificate applies has been constructed in accordance
with the Development Agreement dated September 19, 2017. The above-mentioned improvement
is hereby declared to be complete and acceptance of this work is recommended.
DATE OF COMPLETION: December 6, 2022
Chad Isakson Reg. No. 49028
FOCUS Engineering, inc.
Section 34.A Warranty Period Begins January 15, 2019 and ends January 15, 2021
Section 34.B Warranty Period Begins
December 6, 2022
and ends
December 6, 2023
NORTHPORT 1ST ADDITION Time of Performance: October 31, 2018DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6Grading NA $114,100Included in Phase 1 $114,100Sanitary Sewer $480,346 $600,433 $450,324Watermain $362,155 $452,694 $339,520Storm Sewer (w/pond structures) $591,406 $739,258 $369,629 $184,814Streets + Sidewalks + Turn Lanes $636,008 $795,010 $397,505 $198,753Bituminous Trails $34,876 $43,595 $32,696Surface Water Facilities $50,000 $62,500 $46,875Street Lighting $72,000 $90,000 $67,500Street Signs and Traffic Control Signs $2,600 $3,250 $2,438Private Utilities (electricity, natural gas, telephone, and cable)Landscaping $192,025 $240,031Tree Preservation and Restoration NA NAWetland Mitigation and Buffers NA NAMonuments $4,860 $6,075 $4,556Erosion Control $23,670 $29,588 $22,191Miscellaneous Facilities NA NARecord Drawings $30,000 $37,500 $28,125TOTALS $2,479,946 $3,214,034RELEASED AMOUNTS:$1,556,978 $114,100 $587,948 $0 $0 $0$774,983CUMMULATIVE AMOUNTS:$1,556,978 $1,671,078 $2,259,026SECURITY AMOUNT REMAINING:$1,657,055 $1,542,955 $955,008DATE:1/15/2019 11/5/2019 12/6/2022REDUCTIONS
CERTIFICATE OF COMPLETION
DATE OF ISSUANCE: DECEMBER 6, 2022
OWNER: CITY OF LAKE ELMO, MN
DEVELOPER: Pulte Homes of Minnesota, LLC
SUBDIVISION
NAME:
NORTHPORT 2ND ADDITION
PROJECT NO.: 2018.124
This Certification of Completion applies to all work under the Development Agreement
This Certification of Completion applies to the following specified parts of the Development
Agreement
Section 34.A – Public sewer and watermain
Section 34.B – Public improvements related to street construction including concrete curb and
gutter, sidewalks and trails, materials and equipment.
I do hereby certify that the work to which this Certificate applies has been constructed in accordance
with the Development Agreement dated August 21, 2018. The above-mentioned improvement is
hereby declared to be complete and acceptance of this work is recommended.
DATE OF COMPLETION: December 6, 2022
Chad Isakson Reg. No. 49028
FOCUS Engineering, inc.
Section 34.A Warranty Period Begins January 15, 2019 and ends January 15, 2021
Section 34.B Warranty Period Begins
December 6, 2022
and ends
December 6, 2023
NORTHPORT 2ND ADDITION Time of Performance: October 31, 2018DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6Grading NA NAIncluded in Phase 1Sanitary Sewer $73,001 $91,251 $68,438Watermain $60,130 $75,163 $56,372Storm Sewer (w/pond structures) $234,091 $292,614 $146,307 $73,153Streets + Sidewalks $237,114 $296,393 $148,196 $74,098Bituminous Trails $7,500 $9,375 $7,031Surface Water Facilities NA NAStreet Lighting $12,000 $15,000 $11,250Street Signs and Traffic Control Signs $625 $781 $586Private Utilities (electricity, natural gas, telephone, and cable)Landscaping $52,500 $65,625Tree Preservation and Restoration NA NAWetland Mitigation and Buffers NA NAMonuments $2,900 $3,625 $2,719Erosion Control NA NAMiscellaneous Facilities NA NARecord Drawings $5,000 $6,250 $4,688TOTALS $684,861 $856,077RELEASED AMOUNTS:$124,810 $294,503 $173,525 $0 $0 $0CUMMULATIVE AMOUNTS:$124,810 $419,313 $592,838SECURITY AMOUNT REMAINING:$731,267 $436,764 $263,239DATE:1/15/2019 10/1/2019 12/6/2022REDUCTIONS