HomeMy WebLinkAbout[04c] Jasmine Release Council Agenda Item 4c
urry 01 S-ri
MEETING DATE: September 19, 2016
AGENDA ITEM: Fund Release—Requested Acton: Release 80% of the funds received
for Jasmin Lane from Lumber One and 80% of the Storm Water
Contribution.
SUBMITTED BY: Administration
PREVIOUS COUNCIL ACTION: In 2015 the City entered into an agreement for Jasmine Plat. The
development included a contribution for Jasmine from Lumber One in the amount of S 75,000 and the
City agreed to contribute to the Storm Sewer costs in the amount of S 22,222.00. The funds are stated to
be paid at the time of final acceptance.
BACKGROUND INFORMATION: Jasmine Lane has been constructed with the first lift of payment.
Per the Development Agreement the final wear course is not completed until after one frost freeze cycle.
In the case of Jasmine, that will not occur until 2017. The Developer is requesting the City release the
funds and as a compromise staff has suggested 80%release which is acceptable to the Developer.
However, before the release of the 80%, all punch items as forwarded to the Developer, with the
exception of the 2017 items, must be completed.
BUDGET IMPACT: None
ATTACHMENTS: Request for Council Action
Extract of Development Agreement
REQUESTED COUNCIL ACTION: Authorize the release of the following funds: S 60,000 Jasmine
Lane contribution as submitted by Lumber One; S 17,777.60 Storm Sewer Contribution from the City.
The Improvements itemized above shall include all necessary appurtenant items
of work as determined by the City.
The improvements noted above aze public improvements: water main, storm
sewer, holding ponds, concrete curb and gutter, sanitary sewer, bituminous
streets, street signs, regulatory and warning signs, erosion control, and street
lighting. Public improvements shall be dedicated to the City as provided in
paragraph 3.15 of this Agreement.
The following improvements are private improvements: wetland mitigation,and
private utilities. Private improvements shall remain under the control and
maintenance of the Developer,its heirs and assigns.
3.2 Project Specific Requirements for Developer.
(a) Upon recording of the plat,the City shall pay the Developer$ 19,844.00 for
the public dedication of the Jasmine Lane right of way.
(b) Upon submittal of a pay application detailing incurred storm water
collection and treatment construction cost and City acceptance of the
in&astructure improvements, the City shall reimburse the Developer up to$
22,222.00 for storm water related infrastructure costs. All pay applications
must be approved by the City Engineer.
(c) Upon submittal of a pay application detailing street construction costs for
Jasmine Lane and City acceptance of the infrastructure improvements, the
City shall reimburse the developer up to $ 75,000.00. All pay applications
must be approved by the City Engineer.
(d) Lots 1 Block 1; Lots 3,4,& 7 Block 2 Jasmine Court shall only be required
to have 20 foot setback from the wetland. The Developer will work with
the builders on these lots to assure"best practices"in managing storm water
on each lot and implement water management plan wherever deemed
necessary.
3.3 Completion Deadlines. The Developer agrees to proceed with said Improvements
entirely at its expense, and to complete said improvements by November 15,
2015, except for final wear course which shall be completed pursuant to the
following schedule. If the utilities (water main, sanitary sewer, and storm sewer)
are completed by December 1, 2015, then the final wear course must be laid by
September 15,2016. If the utilities are not completed by December 1, 2015, then
the final wear course must be installed on or after June 15, 2017, and before
September 15, 2017. Under no circumstances can the final wear course be
installed until they are subjected to one annual freeze/thaw cycle.
3