HomeMy WebLinkAbout#08 - Inwood 5th Landscape Security ReleaseSTAFF REPORT
DATE: November 6th 2024
CONSENT
AGENDA ITEM: Approve Landscape Security Reduction for Inwood 5th Addition Development
SUBMITTED BY: Sophia Jensen, City Planner
ISSUE BEFORE COUNCIL: Should the City Council approve release of warranty security for
landscaping for Inwood 5th Addition?
PROPOSAL DETAILS/ANALYSIS: Staff has received and processed the request to reduce
the development security for landscaping improvements for the Inwood 5th Addition
Development. These phases were inspected and accepted by the Landscape Architect on 9/27/2024.
Current Security Amount Proposed Security Amount
$56,250 $01. Inwood 5th 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 Inwood 5th 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 the Inwood 5th Addition as detailed in the respective Security
Reduction Worksheet, 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 Worksheet
2.Close Out Inspection Letter
Memorandum
1
TO: Sophia Jensen
FROM: Tim Solomonson, PLA
DATE: 9/30/2024
RE: Close-out Landscape Warranty Inspection | Inwood - 5th Addition
Initial
Inspection
Initial
Re-inspection
1-Year
Inspection
1-Year
Re-inspection
2-Year
Inspection
2-Year
Re-inspection
Final
Inspection Acceptance
Inwood – 5th Addition 6/2/20 9/15/21
11/12/21 9/27/22 - 7/26/23 7/12/24
8/22/24 9/27/24
Inspectors
Tim Solomonson, PLA
Leilen Farias, Landscape Designer
Inspection Summary
The trees identified for replacement and corrective action on August 22 nd, 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
INWOOD 5TH ADDITION October 31, 2018DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6Grading NA NAIncluded in Overall Grading AgreementSanitary Sewer $356,976 $446,220100%$223,110 $111,555 $111,555Watermain $488,479 $610,599100%$305,299 $152,650 $152,650Storm Sewer $189,979 $237,474100%$118,737 $59,369 $59,369Streets and Sidewalks $673,595 $841,994100%$420,997 $210,498 $210,498Trails $10,000 $12,500100%$9,375 $3,125Surface Water Facilities $96,890 $121,113100%$90,834 $30,278Street Lighting $66,000 $82,500100%$61,875 $20,625Street Signs and Traffic Control Signs $8,850 $11,063100%$8,297 $2,766Private Utilities (electricity, natural gas, telephone, and cable)Landscaping $180,000 $225,000100%$168,750 $56,250Tree Preservation and Restoration NA NAWetland Mitigation and Buffers $2,250 $2,813100%$2,109 $703Monuments $10,100 $12,625100%$9,469 $3,156Erosion Control NA NAincluded in Grading AgreementTurn Lanes $283,182 $353,978100%$265,483 $88,494Record Drawings $5,000 $6,250100%$4,688 $1,563TOTALS $2,371,301 $2,964,127RELEASED AMOUNTS:$1,068,143 $264,205 $264,205 $890,747 $420,577 $56,250CUMMULATIVE AMOUNTS:$1,068,143 $1,332,348 $1,596,553 $2,487,300 $2,907,877 $2,964,127SECURITY AMOUNT REMAINING:$1,895,983 $1,631,779 $1,367,574 $476,827 $56,250 $0DATE:3/6/2018 1/15/2019 9/21/2021 6/21/2022 1/2/2024 11/6/2024Time of Performance: REDUCTIONS