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LAKE SECOND ADDITION. • Approve a new Public Improvement Contract to cover the construction of the new storm ., sewer pond and underground treatment facility. The Developer has worked with the City and Rice Creek Watershed District on new storm � water facilities and would lilce to proceed with construction. These new facilities will be public. A new drainage and utility easement has been dedicated over the new storm sewer. In order to ensure that the improvements are built to City standards, we have drafted a Public � Improvement Contract that defines the responsibilities involved with the proposed public � improvements. The improvements must meet all applicable City Standards for the construction. - • Amend the Public Improvement Easement and Maintenance Agreement to include the new facilities. �� On February 14, 2011, the City Council approved a Public Improvement Easement and Maintenance Agreement. This agreement defines the future maintenance responsibilities for the improvements to the site. The modification of the storm sewer design requires an amendment to this agreement. POLICY OBJECTIVE - The process described in this memo and the subsequent documents have been reviewed by the r� City Attorney. The following steps have been completed in accordance with City Policy to finalize the construction of the public improvements for APPLEWOOD POINT OF LANGTON LAKE- Phase 1: • Certification from the civil engineer in charge of the project verifying that all work has been completed in accordance with the approved plans and specifications. • A resolution by the City Council accepting the project and beginning the two-year warranty period. : FINANCIAL IMPACTS � All costs associated with construction of the public improvements necessary for this development are borne by the Developer. E�� For the APPLEWOOD POINT OF LANGTON LAKE- Phase 2 Public Improvement Contract, a $5,338 City Coordination fee is required. Appropriate surety will be provided for all public improvements in the amount of 125% of the construction cost, for a total of $166,638.00. Once the construction of the improvements has been completed and accepted by the City, this surety will be F� released. Since this was a developer initiated project, the City will not participate in the cost to s: � construct these public improvements. As described in the Planned Unit Development Agreement, the remaining parlc dedication fee, $82,000, will be collected far the 41 units being constructed as a part of Phase 2. STAFF RECOMMENDATION All necessary items have been completed in accordance with project plans and specifications for the public improvements constructed for APPLEWOOD POINT OF LANGTON LAKE- Phase Page 2 of 3