HomeMy WebLinkAbout#03 - Boulder Ponds 4th - Landscape Security ReleaseSTAFF REPORT
DATE: September 17th 2024
CONSENT
AGENDA ITEM: Approve Landscape Security Reduction for Boulder Ponds 4th Addition
SUBMITTED BY: Sophia Jensen, City Planner
ISSUE BEFORE COUNCIL: Should the City Council approve release of warranty security for
landscaping for Boulder Ponds 4th Addition?
PROPOSAL DETAILS/ANALYSIS: Staff has received and processed requests to reduce the
development security for landscaping improvements for Boulder Ponds 4th Addition These phases
were inspected and accepted by the Landscape Architect on 8/22/2024.
Current Security Amount Proposed Security Amount
$23,402 $01.Boulder Ponds 4th Addition
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 4th Addition. 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 Boulder Ponds 4th Addition 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 Worksheets
2.Close Out Inspection Letter
BOULDER PONDS 4TH ADDITION Time of Performance: October 31, 2019DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6Grading $106,500 $133,125100%$133,125Sanitary Sewer $11,120 $13,900100%$10,425 $3,475Watermain $65,405 $81,756100%$61,317 $20,439Storm Sewer (w/pond structures) $79,300 $99,125100%$74,344 $24,781Streets and Sidewalks $28,995 $36,244100%$27,183 $9,061Trails NA NASurface Water Facilities NA NAStreet Lighting NA NAStreet Signs and Traffic Control Signs NA NAPrivate Utilities (electricity, natural gas, telephone, and cable)NALandscaping $74,885 $93,60675%$70,205 $23,402Tree Preservation and Restoration NA NAWetland Mitigation and Buffers NA NAMonuments $0 $0Erosion Control $19,300 $24,125100%$18,094 $6,031Record Drawings $5,000 $6,250100%$4,688 $1,563TOTALS $390,505 $488,131RELEASED AMOUNTS:$399,380 $41,436 $23,914 $23,402 $0 $0CUMMULATIVE AMOUNTS:$399,380 $440,816 $464,730 $488,131SECURITY AMOUNT REMAINING:$88,752 $47,316 $23,402 $0DATE:10/5/2021 6/20/2023 11/8/2023 9/17/2024REDUCTIONS
1
Memorandum
TO: Sophia Jensen
FROM: Tim Solomonson, PLA
DATE: 08/23/24
RE: Landscape Warranty Close-out Inspection | Boulder Ponds 4th Addition (Senior Living)
Initial
Inspection
Acceptance
1-Year
Inspection
1-Year
Re-inspection
2-Year
Inspection
2-Year
Re-inspection
Final
Inspection
Acceptance
Boulder Ponds - 4th Addition (Senior Living) 06/01/21 09/27/22 - 09/08/23 07/23/24 08/22/24
Inspectors:
Tim Solomonson, PLA
Leilen Farias, Landscape Designer
Inspection Summary:
The trees identified for replacement and corrective action on July 23rd, 2024 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