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HomeMy WebLinkAbout#12 - Chase Development Easton Village LOC Draw DATE: July 18, 2023 REGULAR AGENDA ITEM: Approve Draw on Letter of Credit from Chase Development, Inc. for the Easton Village 2nd, 3rd, 4th, and 5th Additions. SUBMITTED BY: Jack Griffin, City Engineer REVIEWED BY: Kristina Handt, City Administrator Sarah Sonsalla, City Attorney Sophia Jensen, City Planner Marty Powers, Public Works Director Chad Isakson, Assistant City Engineer BACKGROUND: Chase Development Inc. is the developer for the Easton Village subdivision. As a condition of Final Plat approval for each Addition, Chase Development entered into a Development Agreement for the Easton Village 2nd, 3rd, 4th and 5th Additions. As part of each Development Agreement, Chase Development was required to provide a letter of credit (LOC) as the form of security to ensure that the subdivision improvements are constructed as detailed in Development Agreement and the approved Subdivision Plans. Also, in accordance with the Development Agreement, the security amount for each letter of credit may be reduced incrementally once predefined completion milestones are met. Accordingly, the remaining security amount for each respective Addition is as follows: Subdivision Initial Security $ Current Security $ Easton Village 2nd Addition $1,001,487.00 $127,754.00 Easton Village 3rd Addition $1,104,400.00 $137,707.00 Easton Village 4th Addition $ 640,438.00 $454,176.00 Easton Village 5th Addition $2,298,724.00 $993,824.00 ISSUE BEFORE COUNCIL: Should Council approve the drawing on the letter of credits for the Easton Village 2nd, 3rd, 4th and 5th Additions as determined by the City Administrator? PROPOSAL DETAILS/ANALYSIS: City staff has been tracking the status and progress of the work in the Easton Village Additions over the past several years and has documented a lack of progress of the remaining elements. Detailed punch lists have been developed, itemized and submitted to the developer’s attention on multiple occasions and have communicated that these issues be addressed promptly and prior to city acceptance of the work. In addition, the issues related to the required corrective work have in many cases become more problematic due to the delays and lack of response, particularly as they relate to more homeowners occupying new homes. At the April 12, 2022 Council Workshop the Easton Village subdivision was included in the presentation to council regarding developments that required staff enforcement. Subsequently, formal enforcement notices were sent to Chase Development, dated June 24, 2022. A second formal enforcement notice was sent May 4, 2023. In addition to the formal notices, staff has met with the developer’s representatives in the field and issued multiple email communications detailing the city’s requirements and expectations. Staff is proposing that the Council provide the City Administrator with full authority to draw on each of the letter of credits for the Easton Village 2nd, 3rd, 4th and 5th Additions, without further notice to the developer, and to be drawn in the amounts as deemed appropriate by the City Administrator, and that one or more draws may be made without further Council action or approval, for the purpose of completing the subdivision improvements. FISCAL IMPACT: NA. OPTIONS: 1) Authorize the City Administrator to draw on the Letter of Credit for Chase Development, Inc. for the Easton Village 2nd, 3rd, 4th and 5th Additions, without further notice to the developer, and to be drawn in the amounts as deemed appropriate by the City Administrator, and that one or more draws may be made without further Council action or approval, for the purpose of completing the subdivision improvements. 2) Direct staff to take no action at this time and continue to work with the developers at the staff level to encourage project completion. RECOMMENDATION: Staff is recommending that the City Council approve a motion to authorize the City Administrator to draw on the Letter of Credits for the Easton Village 2nd, 3rd, 4th, and 5th Additions. The recommended motion for the action is as follows: “Move to authorize the City Administrator to draw on the Letter of Credit for Chase Development, Inc. for the Easton Village 2nd, 3rd, 4th and 5th Additions, without further notice to the developer, and to be drawn in the amounts as deemed appropriate by the City Administrator, and that one or more draws may be made without further Council action or approval, for the purpose of completing the subdivision improvements.” ATTACHMENTS: • Easton Village 2nd Addition Punch List. • Easton Village 3rd Addition Punch List. • Easton Village 4th Addition Punch List. • Easton Village 5th Addition Punch List. • Easton Village 2nd Addition Security Tracking Spreadsheet and Letter of Credit. • Easton Village 3rd Addition Security Tracking Spreadsheet and Letter of Credit. • Easton Village 4th Addition Security Tracking Spreadsheet and Letter of Credit. • Easton Village 5th Addition Security Tracking Spreadsheet and Letter of Credit. CITY OF LAKE ELMO PUNCHLISTEASTON VILLAGE 2ND ADDITIONPUNCHLIST PURPOSE:PROJECT NO. 2016.120ADDRESSED TO: ANDY CHASE, CHASE DEVELOPMENTDATE ISSUED: NOVEMBER 3, 2020DATE UPDATED: NOVEMBER 3, 2022CURRENT DEVELOPMENT STATUS: WATER/SAN. SEWER UTILITIES: COMPLETE, WARRANTY SECURITY RELEASEDOTHER SUBDIVISION IMP: ACCEPTED, WARRANTY EXPIRED, PUNCHLIST OUTSTANDINGRECORD PLANS: COMPLETE AND DELIVEREDSUMMARY STATUS: DEVELOPMENT IN DEFAULT PENDING COMPLETION OF PUNCHLIST ITEMSITEM # CORRECTIVE ACTIONDATE ADDEDADDED BYCONTRACTOR INITIALCONTRACTOR DATE COMPLETEDDATE VERIFIED (CITY)VERIFIED BY (CITY)REMARKS111/3/2020 DMKReinspected 11/3/22 and found not complete. Remove biolog between FES-1 and FES-5 (behind Lot 1-3 Block 1)211/3/2020 DMK DJ 10/30/2022311/3/2020 DMKReinspected 11/3/22. Silt fence remains in place (knocked down)411/3/2020 DMKReinspected 11/3/22. Not complete. Trees were cleared.511/3/2020 DMK DJ 10/30/2022611/3/2020 DMK DJ 10/30/2022711/3/2020 DMK DJ 10/30/2022811/3/2020 DMK DJ 10/30/2022911/3/2020 DMK DJ 10/30/20221011/3/2020 DMKConcrete R&R complete. Restoration along edge of sidewalk (topsoil and seed) needed.1111/3/2020 DMKEngineering Punch List does not include/address Landscape Improvements Remove and replace all damaged concrete sidewalk marked in the field. Coordinate with city engineering department 1 week in advance of mobilization to have areas marked for repair.Contact Planning Department to address status and work plan to finalize landscaping improvementsJet and clean storm sewer from FES-1 to FES-5.Remove sediment from sump catch basin manhole 2.Raise existing STMH-60 to grade and install off road structure marker.Reinstall the two missing no parking signs in the Linden Court CDS.Saw and seal all cracked concrete curb and gutter. Coordinate with city engineering department 1 week in advance of mobilization to have areas marked for repair.Verify upstream soils are restored and stabilized. Then remove inlet protection, silt fences and other erosion control measures.Remove sediment from inlet protection on the north end of Linden Avenue and all inlets on Village Parkway.Remove silt fence along rear lot line of Lots 1-5 Block 2.Remove sediment from the rip rap on FES-1.PROJECT ACCEPTANCEPRE-WEAR COURSEUTILITY WARRANTYSUBDIVISION IMP. WARRANTYPRINT DATE: 5/3/2023PAGE 1 OF 1 CITY OF LAKE ELMO PUNCHLISTEASTON VILLAGE 3RD ADDITIONPUNCHLIST PURPOSE:PROJECT NO. 2016.142ADDRESSED TO: ANDY CHASE, CHASE DEVELOPMENTDATE ISSUED: NOVEMBER 3, 2020DATE UPDATED: NOVEMBER 3, 2022CURRENT DEVELOPMENT STATUS: WATER/SAN. SEWER UTILITIES: COMPLETE, WARRANTY SECURITY RELEASEDOTHER SUBDIVISION IMP: ACCEPTED, WARRANTY EXPIRED, WARRNTY PUNCHLIST OUTSTANDINGRECORD PLANS: COMPLETE AND DELIVEREDSUMMARY STATUS: DEVELOPMENT IN DEFAULT PENDING COMPLETION OF PUNCHLIST ITEMSITEM # CORRECTIVE ACTIONDATE ADDEDADDED BYCONTRACTOR INITIALCONTRACTOR DATE COMPLETEDDATE VERIFIED (CITY)VERIFIED BY (CITY)REMARKS111/3/2020 DMK 11/3/2022 DJ211/3/2020 DMK11/3/2022 - Regraded but not stabilized311/3/2020 DMK49/8/2022 CJIItem added based multiple home owner complaints and developer as-built survey indicating the swale is flat.511/3/2020 DMK 11/3/2022 DJ611/3/2020 DMK711/3/2020 DMK 11/3/2022 DJ811/3/2020 DMK 11/3/2022 DJ911/3/2020 DMK11/3/2022 - Material needs to be added along sidewalk and restored1011/3/2020 DMK 11/3/2022 DJ1111/3/2020 DMK 11/3/2022 DJ1210/3/2022 StaffEngineering Punch List does not include/address Landscape Improvements Remove and replace all damaged concrete sidewalk panels marked in the field. Coordinate with city engineering department 1 week in advance of mobilization to have areas marked for repair.Grind "W" in curb for Lot 14 Block 3 as marked in the fieldContact the Planning Director, to address status and work plan to finalize landscaping improvements.Replace damaged concrete splash pad to the hydrant on 33rd Street Sta 10+50. Coordinate with city engineering department 1 week In advance of mobilization to have areas marked for repair.Mud concrete rings/casting smooth in CBMH-11Saw and seal all cracked concrete curb and gutterSeal concrete doghouse water tight in CBMH-13Verify upstream soils are restored and stabilized. Then remove all inlet protection, silt fences and other erosion control measures.Remove sediment buildup around FES-2, regrade and stabilizeRegrade upstream lot lines from FES-7 to drain. Remove and reinstall all sod and irrigation as necessary and coordinate work with property owners.Jet and clean storm sewer lines from FES-7 to Existing CBMH-31Investigate and propose solution to flat swale holding water from Block 2 Lots 7-9. Coordinate work with property owners.PROJECT ACCEPTANCEPRE-WEAR COURSEUTILITY WARRANTYSUBDIVISION IMP. WARRANTYPRINT DATE: 5/3/2023PAGE 1 OF 1 CITY OF LAKE ELMO PUNCHLISTEASTON VILLAGE 4TH ADDITIONPUNCHLIST PURPOSE:PROJECT NO. 2018.118ADDRESSED TO: ANDY CHASE, CHASE DEVELOPMENTDATE ISSUED: DECEMBER 14, 2020 (PROJECT ACCEPTANCE)DATE UPDATED: NOVEMBER 3, 2022DATE ISSUED: DECEMBER 14, 2020 (UTILITY WARRANTY)DATE UPDATED: NOVEMBER 3, 2022CURRENT DEVELOPMENT STATUS: WATER/SAN. SEWER UTILITIES: ACCEPTED, WARRANTY EXPIRED 1/15/2021, PUNCHLIST ITEMS OUTSTANDINGOTHER SUBDIVISION IMP: NOT ACCEPTED, NOT IN WARRANTYRECORD PLANS: COMPLETE AND DELIVEREDSUMMARY STATUS: DEVELOPMENT IN DEFAULT PENDING COMPLETION OF PUNCHLIST ITEMSITEM # CORRECTIVE ACTIONDATE ADDEDADDED BYCONTRACTOR INITIALCONTRACTOR DATE COMPLETEDDATE VERIFIED (CITY)VERIFIED BY (CITY)REMARKS16/24/2022 Staff29/8/2022 CJIItem added based multiple home owner complaints and developer as-built survey indicating the swale is flat.32/26/2021 Staff 5/21/2022 MAR112/14/2020 DMK11/3/2022: Was not able to locate212/14/2020 DMK 9/29/2021 DMK312/14/2020 DMK11/3/2022: Wrong snake pit412/14/2020 DMK 10/3/2022 DJ512/14/2020 DMK 10/3/2022 DJ612/14/2020 DMK 10/3/2022 DJ712/14/2020 DMK 10/3/2022 DJ812/14/2020 DMK11/3/2022: Wrong snake pit912/14/2020 DMK11/3/2022: Wrong snake pit1012/14/2020 DMK 10/3/2022 DJ1112/14/2020 DMK11/3/2022: Fix wires and reconnect1212/14/2020 DMK11/3/2022: Wrong snake pit1312/14/2020 DMK 10/3/2022 DJ1412/14/2020 DMK 10/3/2022 DJEngineering Punch List does not include/address Landscape Improvements Regrade upstream lot lines from FES 7 to drain (between 3rd and 4th Additions). Remove and reinstall all sod and irrigation as necessary and coordinate work with affected property ownersRaise curb stop and snake pit to grade at address 11781 34th St. N. (unbuilt lot where the temp. access road was located). Raise CS and snake pit at address (did not have enough slack) 3251 Lilac Ave. N.Raise CS and snake pit at address (did not have enough slack) 11615 34th St. N.PROJECT ACCEPTANCE PUNCHLIST SECTIONRaise CS and snake pit at address (wires not attached correctly) 11654 34th St. N.Complete restoration around all snake pits and curb stopsInvestigate and propose solution to flat swale holding water from Block 2 Lots 7-9. Coordinate work with property owners.Raise CS and snake pit at address (did not have enough slack) 11799 34th St. N.Raise CS and snake pit at address (wires not attached correctly) 11571 34th St. N.Raise CS and snake pit at address (wires not attached correctly) 11708 34th St. N.Raise CS and snake pit at address (wires not attached correctly) 11690 34th St. N.Raise CS and snake pit at address (wires not attached correctly) 11633 34th St. N.Raise CS and snake pit at address (wires not attached correctly) 11669 34th St. N.Raise CS and snake pit at address (wires not attached correctly) 11705 34th St. N.Easton Village 4th Addition Record Drawings dated 07.25.2018. Must be revised per the review memo dated February 26, 2021 and resubmitted for further review by the city.UTILITY WARRANTY PUNCHLIST SECTIONRaise CS and snake pit at address (wires not attached correctly) 11744 34th St. N.Raise CS and snake pit at address (did not have enough slack) 11636 34th St. N.PROJECT ACCEPTANCEPRE-WEAR COURSEUTILITY WARRANTYSUBDIVISION IMP. WARRANTYPRINT DATE: 5/3/2023PAGE 1 OF 1 CITY OF LAKE ELMO PUNCHLISTEASTON VILLAGE 5TH ADDITIONPUNCHLIST PURPOSE:PROJECT NO. 2019.111ADDRESSED TO: ANDY CHASE, CHASE DEVELOPMENTDATE ISSUED: JUNE 6, 2021 (PROJECT ACCEPTANCE)DATE UPDATED: NOVEMBER 3, 2022DATE ISSUED: DECEMBER 7, 2022 (UTILITY WARRANTY)CURRENT DEVELOPMENT STATUS: WATER/SAN. SEWER UTILITIES: ACCEPTED, WARRANTY EXPIRED 10/6/2022, PUNCHLIST ITEMS OUTSTANDINGOTHER SUBDIVISION IMP: NOT ACCEPTED, NOT IN WARRANTYRECORD PLANS: COMPLETE AND DELIVEREDSUMMARY STATUS: DEVELOPMENT IN DEFAULT PENDING COMPLETION OF PUNCHLIST ITEMSITEM # CORRECTIVE ACTIONDATE ADDEDADDED BYCONTRACTOR INITIALCONTRACTOR DATE COMPLETEDDATE VERIFIED (CITY)VERIFIED BY (CITY)REMARKS16/6/2021 DMK 11/3/2022 DJ26/6/2021 DMK 9/26/2022 CJI36/6/2021 DMK46/28/2021 DMK11/3/2022 - Add topsoil along sidewalk edges56/28/2021 DMK 11/3/2022 DJ611/3/2022 DJ79/26/2022 CJI111/28/2022 JJS211/28/2022 JJS311/28/2022 JJSEngineering Punch List does not include/address Landscape Improvements Remove bio rolls from the pond edge where vegetation is established.Repair pond erosion behind lot 10 block 2 (3516 Lilac Ave. N.)Repair rutting and erosion off the north end of Village Parkway down to the pond.Remove and replace all damaged curb and concrete sidewalk panel marked in the field. Coordinate with city engineering department 1 week in advance of mobilization to have areas marked for repair.PROJECT ACCEPTANCE PUNCHLIST SECTIONUTILITY WARRANTY PUNCHLIST SECTIONWatermain Gate Valves: Gate Valves in the roadway could not be operated as they were filled with snow/ice. Reinspect in favorable weather conditionsGate valve at end of Lilac Avenue Alcove North cul-de-sac: Could not be located, bring to grade, inspect, and restore area.Watermain green space marker run over and destroyed at end of Lilac Avenue Alcove North cul-de-sac. Replace and reinstall.Install all pavement adjusting rings to all castings and valve boxes in pavementClean off 3537 Lilac Alcove North's driveway, remove stains and extra concreteCorrect drainage issue along the trail in the rear yard for block 2 lot 7 (3492 Lilac Avenue)PROJECT ACCEPTANCEPRE-WEAR COURSEUTILITY WARRANTYSUBDIVISION IMP. WARRANTYPRINT DATE: 5/3/2023PAGE 1 OF 1 918.5917.5 EOF917.1 EOF0.93%0.55%0.62%0.81%1.46%0.60%924.1 EOF924.1 EOF918.5918.5918.5919.2920.31.64%3.95%917.0 EOF917.5 EOF916.99 EOF917.5 EOF7.7 EOF917.6 EOFRR Top of Rail23209925.03RR Top of Rail23208925.28RR Top of Rail23207925.23RR Top of Rail23206925.46RR Top of Rail23205925.45RR Top of Rail23204925.63RR Top of Rail23203925.64RR Top of Rail23202926.02RR Top of Rail23201926.01RR Top of Rail23200926.34RR Top of Rail23199926.37RR Top of Rail23198926.76RR Top of Rail23197926.72RR Top of Rail23196927.11RR Top of Rail23195927.10RR Top of Rail23194927.46RR Top of Rail23193927.50RR Top of Rail23192927.86RR Top of Rail23191927.87RR Top of Rail23190928.34RR Top of Rail23189928.42RR Top of Rail23188928.77RR Top of Rail23187928.77RR Top of Rail23099928.66Railroad Centerline 4263.21%TOBGTBBFE927.5926.2918.5TOBGTBBFE927.5926.2918.5TOBGTBBFE927.5927.5918.5TOBGTBBFE927.6927.6918.6TOBGTBBFE927.6926.9918.6TOBGTBBFE929.3928.6920.3TOBGTBBFE928.3928.3919.3TOBGTBBFE929.3928.6920.3TOBGTBB928 39TOBGTBBFE928.3926.3919.3TOBGTBBFE926.5926.5917.5TOBGTBBFE927.5926.2918.5TOBGTBBFE927.5926.8918.5TOBGTBBFE927.6927.6918.6TOBGTBBFE927.6926.3918.6TOBGTBBFE927.6926.3918.6TOBGTBBFE927.6926.3918.677TOBGTBBFE927.7927.0918.7TOBGTBBFE927.7926.3918.7TOBGTBBFE926.5926.5917.5TOBGTBBFE927.5927.5918.5 TOBGTBBFE926.5926.5917.5TOBGTBBFE926.5926.5917.5TOBGTBBFE927.5927.5918.5TOBGTBBFE927.0927.0918.0TOBGTBBFE927.5927.5918.5TOBGTBBFE927.5927.5918.5TOBGTBBFE927.5927.5918.5TOBGTBBFE927.5927.5918.5TOBGTBBFE929.3927.7920.3TOBGTBBFE929.3927.7920.3TOBGTBBFE927.7927.7918.7TOBGTBBFE926.5926.5917.5TOBGTBBFE926.5926.5917.5TOBGTBBFE927.7926.3918.7TOBGTBBFE927.6927.6918.671928.337BM TNH L1 BLK370269925.277GV70270925.410HYDLEGENDCHASE DEVELOPMENT2140 COUNTY ROAD 42 WESTBURNSVILLE, MN 5533708/05/202040418I HEREBY CERTIFY THAT THISPLAN, SPECIFICATION ORREPORT WAS PREPARED BY MEOR UNDER MY DIRECTSUPERVISION AND THAT I AM ADULY LICENSED PROFESSIONALENGINEER UNDER THE LAWS OFTHE STATE OF MINNESOTA.SHEET 7 OF 28C7© 2019 - T. Erickson, LLC - EricksonCivil - All Rights ReservedGRADING PLAN333 North Main Street, Suite 201Phone (612) 309-3804ERICKSONStillwater, MinnesoTA 55082Civilwww.ericksoncivilsite.comGRADING NOTES:922.850.74%919-101ENGINEERED/STRUCTURAL FILL REQUIREMENTS927.5927.5918.5PAVEMENT HOLD DOWN TABLEEASTON VILLAGE5TH ADDITIONFINAL PLANLAKE ELMO, MINNESOTA5TH ADDITION BOUNDARYShoreview, MN 55126AS-BUILT PLANCONTRACTOR: COMPLETION DATE:(651) 484-60771300 County Rd IC.W. Houle, Inc.AUGUST, 20212019.111CITY PROJECT NO.:SHEET NO. 2692RECORD PLAN DRAWING NO.:2686-2713BENCHMARKT.N.H AT NORHTWEST CORNER OF 34th ST.NAND LILAC AVE. N.ELEV = 926.81922.85RECORD PLAN BY JRH INC.I HEREBY CERTIFY THAT THISRECORD PLAN WAS PREPAREDBY ME OR UNDER MY DIRECTSUPERVISION USING PLAN ANDSURVEY INFORMATION PROVIDEDBY ERICKSON CIVIL ON 05/22/2022AND THAT I AM A DULY LICENSEDPROFESSIONAL ENGINEERUNDER THE LAWS OF THE STATEOF MINNESOTA.10/06/202218495 MRE:ID:IE:924.05MH 2909.42RE:ID:IE:925.20MH 6906.10RE:ID:IE:924.21MH 7906.55923.75MH 9909.53924.54MH 10912.3555925.02MH 11913.00MRE:ID:IE:923.32MH 8906.99216789101123210925.15RR Top of Rail23209925.03RR Top of Rail23208925.28RR Top of Rail23207925.23RR Top of Rail 23206925.46RR Top of Rail 23205925.45RR Top of Rail 1ACHASE DEVELOPMENT2140 COUNTY ROAD 42 WESTBURNSVILLE, MN 5533705/14/201940418I HEREBY CERTIFY THAT THISPLAN, SPECIFICATION ORREPORT WAS PREPARED BY MEOR UNDER MY DIRECTSUPERVISION AND THAT I AM ADULY LICENSED PROFESSIONALENGINEER UNDER THE LAWS OFTHE STATE OF MINNESOTA.SHEET 16 OF 28C16© 2019 - T. Erickson, LLC - EricksonCivil - All Rights ReservedSANITARY SEWER& WATERMAINPLAN & PROFILE333 North Main Street, Suite 201Phone (612) 309-3804ERICKSONStillwater, MinnesoTA 55082Civilwww.ericksoncivilsite.comNotesLegend19-101PROFILE VIEW - SANITARY SEWER (LILAC AVE. N.)21Keyed NotesEXISTING STORM SEWEREXISTING WATERMAINEXISTING SANITARY SEWER29City STAndard Plan NotesWatermainSanitary SewerEASTON VILLAGE5TH ADDITIONFINAL PLANLAKE ELMO, MINNESOTA5TH ADDITION BOUNDARYPLAN VIEW - SANITARY SEWER (LILAC AVE. N.)925.29MH 1904.033445651166AUGUST, 2021SHEET NO. 2701CITY PROJECT NO.:2019.111C.W. Houle, Inc.1300 County Rd I(651) 484-6077COMPLETION DATE:CONTRACTOR: AS-BUILT PLANShoreview, MN 55126Sanitary SewerWatermainSanitary SewerBENCHMARKT.N.H AT NORHTWEST CORNER OF 34th ST.NAND LILAC AVE. N.ELEV = 926.81RECORD PLAN DRAWING NO.:2686-2713RECORD PLAN BY JRH INC.I HEREBY CERTIFY THAT THISRECORD PLAN WAS PREPAREDBY ME OR UNDER MY DIRECTSUPERVISION USING PLAN ANDSURVEY INFORMATION PROVIDEDBY ERICKSON CIVIL ON 05/22/2022AND THAT I AM A DULY LICENSEDPROFESSIONAL ENGINEERUNDER THE LAWS OF THE STATEOF MINNESOTA.10/06/202218495 EASTON VILLAGE 2ND ADDITION October 31, 2017DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6Grading $238,969 $298,711.25100%$298,711Grading $38,286 $47,858100%$47,858Sanitary Sewer $54,276 $67,845100%$50,884 $16,961Watermain $60,848 $76,059100%$57,045 $19,015Storm Sewer $54,920 $68,65075%$34,325 $17,162Streets and Sidewalks $226,308 $282,88575%$141,443 $70,721Trails $12,570 $15,71375%$11,784Surface Water Facilities NA NAStreet Lighting $48,000 $60,00075%$45,000Street Signs and Traffic Control Signs $700 $87575%$656Private Utilities (electricity, natural gas, telephone, and cable)Landscaping $46,008 $57,51075%$43,133Tree Preservation and Restoration NA NAincluded in Grading AgreementWetland Mitigation and Buffers NA NALOC Through VBWDMonuments $1,900 $2,37575%$1,781Erosion Control $15,406 $19,25775%$14,443Misc. $0 $0NoneRecord Drawings $3,000 $3,75075%$2,813TOTALS $562,221 $702,776RELEASED AMOUNTS:$0 $331,553 $243,469CUMMULATIVE AMOUNTS:$0 $331,553 $575,022SECURITY AMOUNT REMAINING:$702,776 $371,223 $127,754DATE:10/17/2017 2/7/2018 2/4/2020Time of Performance: REDUCTIONS EASTON VILLAGE 3RD ADDITION October 31, 2017DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6Grading $196,245 $245,306100%$245,306Sanitary Sewer $118,179 $147,724100%$110,793 $36,931Watermain $128,435 $160,544100%$120,408 $40,136Storm Sewer $118,267 $147,83475%$110,876Streets and Sidewalks $157,590 $196,98875%$147,741Trails $14,600 $18,25075%$13,688Surface Water Facilities NA NAincluded in Grading AgreementStreet Lighting $12,000 $15,00075%$11,250Street Signs and Traffic Control Signs $1,850 $2,31375%$1,734Private Utilities (electricity, natural gas, telephone, and cable)Landscaping $98,573 $123,21675%$92,412Tree Preservation and Restoration NA NAincluded in Grading AgreementWetland Mitigation and Buffers NA NALOC Through VBWDMonuments $2,800 $3,50075%$2,625Erosion Control $29,982 $37,47775%$28,108Misc. NA NARecord Drawings $5,000 $6,25075%$4,688TOTALS $883,520 $1,104,400RELEASED AMOUNTS:$476,507 $490,187CUMMULATIVE AMOUNTS:$476,507 $966,694SECURITY AMOUNT REMAINING:$627,894 $137,707DATE:2/7/2018 2/4/2020Time of Performance: REDUCTIONS EASTON VILLAGE 4TH ADDITION October 31, 2018DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6Grading NA NASanitary Sewer $74,754 $93,443 $70,082Watermain $123,925 $154,906 $116,180Storm Sewer $109,294 $136,618Streets and Sidewalks $146,487 $183,109Trails NA NASurface Water Facilities NA NAStreet Lighting $12,000 $15,000By Xcel EnergyStreet Signs and Traffic Control Signs $700 $875Private Utilities (electricity, natural gas, telephone, and cableNA NALandscaping $15,900 $19,875Tree Preservation and Restoration NA NAWetland Mitigation and Buffers NA NAMonuments $2,400 $3,000Erosion Control $21,890 $27,363Misc. NA NARecord Drawings $5,000 $6,250TOTALS $512,350 $640,438RELEASED AMOUNTS:$186,262CUMMULATIVE AMOUNTS:$186,262SECURITY AMOUNT REMAINING:$454,176DATE:1/15/2019Time of Performance: REDUCTIONS EASTON VILLAGE 5TH ADDITION October 31, 2019DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6Site Grading Agreement $0 $0Sanitary Sewer $219,845 $274,806 $206,105Watermain $324,705 $405,881 $304,411Storm Sewer $485,728 $607,160 $303,580Streets and Sidewalks $693,676 $867,095 $433,548Trails $0 $0Surface Water Facilities NA NAStreet Lighting $40,000 $50,000By Xcel EnergyStreet Signs and Traffic Control Signs $4,150 $5,188Private Utilities (electricity, natural gas, telephone, and cableNA NALandscaping $61,074 $76,343 $57,257Tree Preservation and Restoration NA NAWetland Mitigation and Buffers NA NAMonuments $4,800 $6,000Erosion Control $0 $0Misc. NA NARecord Drawings $5,000 $6,250TOTALS $1,838,978 $2,298,724RELEASED AMOUNTS:$1,304,900 $0 $0 $0 $0 $0CUMMULATIVE AMOUNTS:$1,304,900SECURITY AMOUNT REMAINING:$993,824DATE:10/6/2020Time of Performance: REDUCTIONS