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HomeMy WebLinkAbout#03 - Northstar Offsite Utilities Security Reduction STAFF REPORT DATE: June 3, 2025 CONSENT TO: City Council FROM: Mike Rusenovich, Project Engineer AGENDA ITEM: Accept Sanitary Sewer and Watermain Improvements and Approve Security Reduction for Northstar 1st Offsite Utilities REVIEWED BY: Nicole Miller, City Administrator Clarissa Hadler, Finance Director Jason Stopa, Community Development Director Marty Powers, Public Works Director Nate Stanley, City Engineer CORE STRATEGIES: ☐ Vibrant, inclusive, connected community ☐ Efficient, reliable, innovative services ☐ Responsive, transparent, adaptive governance ☒ Balanced Finances now and future ☒ Managed Growth ☒ Resilient Infrastructure BACKGROUND: GWSA Land Development, LLC entered into a Site Improvement Agreement with the City for Northstar 1st Addition on October 6th, 2023. The Site Improvement Agreement included extension of sanitary sewer and watermain along Stillwater Blvd and between Stillwater Blvd and the UPRR tracks southwest of the Northstar site. ISSUE BEFORE COUNCIL: Should the City Council accept the public sanitary sewer and watermain and approve security reductions for the offsite utilities installed under the Northstar 1st Addition Site Improvement Agreement? PROPOSAL DETAILS/ANALYSIS: Staff has received and processed a request to accept the public sanitary sewer and watermain improvements and reduce the development security for the Northstar 1st Addition Site Improvement Agreement. This request has been reviewed and is recommended for approval in accordance with the approved Site Improvement Agreement. The development security is recommended to be reduced as shown below: Current Security Amount Proposed Security Amount 1. Northstar 1st Addition Offsite Utilities $1,078,750 $269,688 The offsite sanitary sewer and watermain improvements for the development have been constructed, tested, and verified. With the acceptance of the public sanitary sewer and watermain, the 2-year warranty period for the offsite utility improvements will be initiated as shown on the attached Certificate of Completion. Twenty-five percent (25%) of the original security amount will be retained until the warranty period has expired. 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, accept the public offsite sanitary sewer and watermain and approve the security reduction for the Northstar 1st Addition Site Improvement Agreement as detailed in the attached worksheet. The security reduction is contingent on the developer being current with all payments and obligations in accordance with the Site Improvement 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: Motion to accept the public offsite sanitary sewer and watermain and approve the security reduction for the Northstar 1st Addition Site Improvement Agreement as detailed in the Security Reduction Worksheet, contingent on the developer being current with all payments and obligations in accordance with the Site Improvement Agreement, including a positive escrow balance as required by the City. ATTACHMENTS: 1. Certificate of Completion – Northstar 1st Addition Site Improvement Agreement 2. Security Reduction Worksheet – Northstar 1st Addition Site Improvement Agreement. CERTIFICATE OF COMPLETION DATE OF ISSUANCE: JUNE 3, 2025 OWNER: CITY OF LAKE ELMO, MN DEVELOPER: GWSA LAND DEVELOPMENT, LLC SUBDIVISION NAME: NORTHSTAR 1ST ADDITION – SITE IMPROVEMENT AGREEMENT PROJECT NO.: 2020.116 This Certification of Completion applies to all work under the Site Improvement Agreement This Certification of Completion applies to the following specified parts of the Site Improvement Agreement Section 19 – Public sanitary sewer and watermain I do hereby certify that the work to which this Certificate applies has been constructed in accordance with the Site Improvement Agreement dated October 6, 2023. The above-mentioned improvement is hereby declared to be complete and acceptance of this work is recommended. DATE OF COMPLETION: June 3, 2025 Mike Rusenovich Reg. No. 58717 Bolton and Menk, Inc. Section 19 Warranty Period Begins June 3, 2025 and ends June 3, 2027 NORTHSTAR SITE IMPROVEMENTS Time of Performance: October 31, 2025 DEVELOPMENT AGREEMENT AMOUNTS CATEGORY CONSTRUCTION 125%REMARKS #1 #2 #3 #4 #5 #6 Sanitary Sewer $558,750 $698,438 $523,828 Watermain $286,917 $358,646 $268,985 Erosion Control $12,333 $15,416 $11,562 Record Drawings $5,000 $6,250 $4,688 TOTALS $863,000 $1,078,750 RELEASED AMOUNTS:$809,063 CUMMULATIVE AMOUNTS:$809,063 SECURITY AMOUNT REMAINING:$269,688 DATE: 6/3/2025 OVERSIZE PAYMENTS $82,642 Sanitary Sewer $25,920 Watermain $56,722 REDUCTIONS