HomeMy WebLinkAbout#04 - Hidden Meadows Landscape Security ReleaseSTAFF REPORT
DATE: August 7th 2024
CONSENT
AGENDA ITEM: Approve Landscape Security Reduction for Hidden Meadows Development SUBMITTED BY: Sophia Jensen, City Planner
ISSUE BEFORE COUNCIL: Should the City Council approve release of warranty security for landscaping for Hidden Meadows phase 1 and 2?
PROPOSAL DETAILS/ANALYSIS: Staff has received and processed requests to reduce the development security for landscaping improvements for the Hidden Meadows Development. These phases were inspected and accepted by the Landscape Architect on 7/12/2024.
Current Security Amount Proposed Security Amount
$57,813 $01.Hidden Meadows (Phase 1 and 2)
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 Hidden Meadows development. 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 the Hidden Meadows 1st and 2nd additions 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 Worksheets2.Close Out Inspection Letters (Phase 1 and 2)
HIDDEN MEADOWS 2ND ADDITION Time of Performance: October 31, 2018DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6Grading $125,000 $156,250100% $156,250Sanitary Sewer $107,890 $134,863100%$101,147 $33,716Watermain $292,113 $365,141100%$273,856 $91,285Storm Sewer (w/pond structures) $301,130 $376,413100%$188,206 $94,103 $94,103Streets + Sidewalks $325,048 $406,310100%$203,155 $101,578 $101,578Bituminous Trails $28,600 $35,750100%$26,813 $8,938Surface Water Facilities $131,988 $164,984100%$123,738 $41,246Street Lighting $36,000 $45,000100%$33,750 $11,250Street Signs and Traffic Control Signs $8,600 $10,750100%$8,063 $2,688Private Utilities (electricity, natural gas, telephone, and cable)N/ALandscaping $185,000 $231,25075%$173,438 $57,813Tree Preservation and Restoration NA NAN/AWetland Mitigation and Buffers $9,000 $11,250100%$8,438 $2,813Monuments $2,500 $3,125100%$2,344 $781Erosion Control $80,247 $100,309100%$75,231 $25,077Misc. NA NAN/ARecord Drawings $5,000 $6,250100%$4,688 $1,563TOTALS $1,638,115 $2,047,644RELEASED AMOUNTS:$766,364 $808,432 $415,036 $57,813 $0 $0CUMMULATIVE AMOUNTS:$766,364 $1,574,796 $1,989,832 $2,047,644SECURITY AMOUNT REMAINING:$1,281,280 $472,849 $57,813 $0DATE:1/18/2022 12/20/2022 2/6/2024 8/7/2024REDUCTIONS
1
Memorandum
TO: Sophia Jensen
FROM: Tim Solomonson, PLA
DATE: 07/17/24
RE: Landscape Warranty Close-out Inspection | Hidden Meadows 1st Addition
Initial
Inspection
Acceptance
1-Year
Inspection
1-Year
Re-inspection
2-Year
Inspection
2-Year
Re-inspection
Final
Inspection Acceptance
Hidden Meadows – 1st Addition 11/12/21 09/15/22 - 09/20/23 06/06/24 07/12/24
Inspectors:
Tim Solomonson, PLA
Leilen Farias, Landscape Designer
Inspection Summary:
The trees identified for replacement and corrective action on September 20th, 2023 have been installed
and adjusted as required.
Recommendations:
The landscaping meets City requirements for final acceptance.
Tim Solomonson, PLA (MN)
Landscape Architect
P: (612) 802-0142 | E: Tim@hkgi.com
800 WASHINGTON AVE N STE 103 MPLS, MN 55401 | HKGI.COM
1
Memorandum
TO: Sophia Jensen
FROM: Tim Solomonson, PLA
DATE: 07/17/24
RE: Landscape Warranty Close-out Inspection | Hidden Meadows 2nd Addition
Initial
Inspection
Acceptance
1-Year
Inspection
1-Year
Re-inspection
2-Year
Inspection
2-Year
Re-inspection
Final
Inspection Acceptance
Hidden Meadows – 2nd Addition 11/12/21 09/15/22 - 09/20/23 06/06/24 07/12/24
Inspectors:
Tim Solomonson, PLA
Leilen Farias, Landscape Designer
Inspection Summary:
The trees identified for replacement and corrective action on September 20th, 2023 have been installed
and adjusted as required.
Recommendations:
The landscaping meets City requirements for final acceptance.
Tim Solomonson, PLA (MN)
Landscape Architect
P: (612) 802-0142 | E: Tim@hkgi.com
800 WASHINGTON AVE N STE 103 MPLS, MN 55401 | HKGI.COM