HomeMy WebLinkAbout#05 - Fields of Arbor Glenn LOC Close OutSTAFF REPORT
DATE: August 15th 2023
CONSENT
AGENDA ITEM: Approve Security Release for Fields of Arbor Glen SUBMITTED BY: Sophia Jensen, City Planner
ISSUE BEFORE COUNCIL: Should the City Council approve release of warranty security for the Fields of Arbor Glen?
PROPOSAL DETAILS/ANALYSIS: Staff has received and processed requests to reduce the development security for the Fields of Arbor Glen project as development milestones are met. This is the final request is to release the remaining security since the landscape warranty on the site has been satisfied. The final landscape inspection was completed on July 26th 2023.
Current Security Amount Proposed Security Amount 1. Fields of Arbor Glenn $14,645 $0
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 the security reductions for the Fields of Arbor Glen. The release of security is 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 security release for Fields of Arbor Glen as detailed in the respective Security
Reduction Worksheets, 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.Security Reduction Worksheet2.Landscape Close Out Inspection Letter Dated July 26th 2023
LAKE ELMO SENIOR LIVING Time of Performance: October 31, 2021
DEVELOPMENT AGREEMENT AMOUNTS
CATEGORY CONSTRUCTION 125%REMARKS #1 #2 #3 #4 #5 #6
Grading $205,000 $256,250 100%$256,250
Sanitary Sewer $99,700 $124,625 100%$62,313 $31,156 $31,156
Watermain $115,000 $143,750 100%$71,875 $35,938 $35,938
Storm Sewer (w/pond structures)$134,600 $168,250 100%$84,125 $42,063 $42,063
Street and Trail Cut at Entrance $10,000 $12,500 100%$6,250 $3,125 $3,125
Bituminous Trails NA NA
Surface Water Facilities NA NA
Street Lighting NA NA
Street Signs and Traffic Control Signs NA NA
Private Utilities (electricity, natural gas, telep NA NA
Landscaping $46,865 $58,581 100%$43,936 $14,645
Tree Preservation and Restoration NA NA
Wetland Mitigation and Buffers NA NA
Monuments $1,000 $1,250 100%$938 $313
Erosion Control $20,000 $25,000 100%$18,750 $6,250
Record Drawings $8,000 $10,000 100%$7,500 $2,500
TOTALS $640,165 $800,206 RELEASED AMOUNTS:$224,563 $67,094 $256,250 $116,311 $121,344 $14,645
CUMMULATIVE AMOUNTS:$224,563 $291,656 $547,906 $664,217 $785,561 $800,206
SECURITY AMOUNT REMAINING:$575,644 $508,550 $252,300 $135,989 $14,645 $0
DATE:1/19/2021 2/2/2021 9/7/2021 11/16/2021 4/4/2023 8/2/2023
REDUCTIONS
Hoisington Koegler Group Inc.
800 Washington Ave. N., Suite 103
Minneapolis, Minnesota 55401
(612)338-0800 www.hkgi.com
Creating Places that Enrich People’s Lives
Hoisington Koegler Group Inc.
MEMORANDUM
TO: Sophia Jensen
FROM: Tim Solomonson, PLA
DATE: 07/26/2023
RE: Landscape Warranty Close-out Visit | Lake Elmo Senior Living
Lake Elmo Senior Living – Landscape Warranty Close-out Reinspection#3
Inspector:
•Tim Solomonson, PLA
Inspection Summary:
•The trees identified for corrective action in July 26 2023 memo have been adjusted as
required.
Recommendation:
•The landscaping meets City requirements for final acceptance.
Hoisington Koegler Group, Inc.
Tim Solomonson, PLA (MN)
City of Lake Elmo Municipal Landscape Architect
P: (612) 802-0142
E: Tim@hkgi.com