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3.3. SR 10-13-2008REQUEST FOR ACTION To Item Number Ma or and Ci Council 3.3. Agenda Section Meeting Date Prepared by Consent October 13, 2008 Ter Maurer, Public Works Director Item Description Reviewed by Quotations for Completing Work at Belmont Estates Lori ohnson, Ci Administrator Development Reviewed by Action Requested Authorize Rum River Contracting to complete the development work at Belmont Estates Addition to be funded by the developer's letter of credit. Background/Discussion Belmont Estates Addition, located south of CSAH 12 adjacent to Hillside Park in east Elk River has a developer's agreement originally signed on October 15, 2004. The developer's agreement requires that all developer improvements be completed by December 31, 2005. Due to the slowdown in the housing market, the developers have been given additional time to complete the improvements. It has become clear that the developers do not have the financial ability to have all improvements completed, which include the final lift of blacktop, sidewalk construction and other miscellaneous items. Therefore, staff is recommending that the city complete the improvements, utilizing the developer's letter of credit to fund the costs. Four quotes have been received for the remaining work items. The attached bid tabulation shows the total quote from the four contractors, Rum River Contracting, North Valley, Inc., Hardrives, Inc., and Oman Bros., Inc. The low quote received from Rum River Contracting is in the amount of $81,631.52. This is a unit-based quotation, so the contractor will be paid only for those units used. The quote is based on an estimation of the amount of units needed to complete the project. In addition to the contractor's costs, there will be some minor city costs for coordinating and inspecting the work and any other unpaid bills that the developer may have with the city, which will also be funded by the letter of credit. Financial Impact There will be no financial impact to the city, since the developer's letter of credit is sufficient to pay for all of the improvements. Securing funds from the letter of credit will occur prior to authorizing work to proceed. Attachments • Quotation Summary Belmont Estates October 13, 2008 Page 2 QCt10Il Motion by Second by Vote Follow Up S:\PUBLIC W012KS\Engineexing Division\2008 CC Memos\Belmont Estates Request.doc ~lol~lololololololol~ d 2 N t0 r O Z O n 0 0 In 0 0 0 0 tD 0 7 0 t 0 0 0 O O O n b W a O~ O N M~ O M D ~ A A fA fR fR f9 69 fR iA fR fA EA iD N N CN') S O N IOA O ~ ~ W M 0 0 0 0 0 0 0 0 0 0 0 D 0 0 0 0 lA 0 7 0 0 n ~A 000 ~tD ~OpOOOOD _.. D OD O n n n n W 0 7 ~, D V 0] V O n n M t0 r '- u ~ ui v ~ c+S ~ ao" n N rn nE»vacaca~s~vaent»tp A N O N 1A N O a 0 0 'wwrncAn mm a M O O N n tMD M ~ LL7 0 0 0 0 0 0 0 0 0 0 0 ~ O O O O O O M O O M O t0 0 0 0 In O n O O N - 9Q»N~ NcO ~A Mf0 -~ T ~ n a O N N~ M O S3 fA V3 V3 fA (H fA fH fR fA fR ~ N O O O O O~ A 0 0 ~ tD O~ O N O to O O ."J ~ M ~ 00 V O V M ll"1 n N M ~ 7 N N N 9 EA fl HT EA EA EA fA 63 EA J O O O O O O O O O N ~ -) 0 0 0 0 0 0 0 0 0 1! f A (V 0 0 0 0 0 0 0 0 -~n~oaon ooooM M O ~A O t0 n M~ M O ~~ J N N N .- r 1 ~ N E9 fA FA fH ffl EA b9 EH Y3 VJ d! W 0 0 0 0 0 0 0 0 0 ~ ~D COlO OOIO OIOI00 ~ O M~ N O N N N d. 9 EAIEAIfAIf9IHiItAI(A f9l(AI --'f 000 O _! O N 7 N 0 fnp r cD ~ (O '"' '` } Y LL LL LL Q} Q Q ~~^-~(A (gJJ(q W (n W W N 0 (D ~ O ~ ~ d M ~ 3 N ~ O ~ Z N ~ ~ ~ J J Qj N .. ~ v d ~ c ~ m ~ U N y ~ _ m U "' > N N ttl N ~ ~ C ~ U W ~ 0 0 N a C J N Yj N ~ o ~nbY ~.- E~ E ljm o~r.~~ m ~~ V~ ~ U T X N y `rooa~o~cHm ~m~ m~O-- E m E ~ >> d N U~ a m 2> 'E o 0 0~ o a~6i «' g C7 C U C ~ ~ N CO > > (j LL ~C ~ C C > j = o !• O V 'O _ c0 [f1~VlU [D UQQ 0 Z N Z ~ N M a lA O n OD T~ O J Q