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HomeMy Public PortalAboutRES-CC-2015-22RESOLUTION # 22-2015 A RESOLUTION ACCEPTING THE PUBLIC IMPROVEMENTS CONSTRUCTED IN ASSOCIATION WITH THE PLANNED UNIT DEVELOPMENT, KNOWN AS "DEER TRAIL SUBDIVISION" AND AUTHORIZING THE RELEASE OF THE PERFORMANCE GUARANTEES ASSOCIATED WITH SAID IMPROVEMENTS WHEREAS, the City of Moab (the "City") and Scott McFarland ("Owner") entered into an Improvements Agreement dated November 3, 2014 covering the public improvements associated with the above named planned unit development; and WHEREAS, the Owner provided Performance Guarantees in the form of an Escrow Account naming the City as beneficiary, in order to secure performance of the improvements provided in the Agreement; and WHEREAS, the Owner has performed all improvements pursuant to the Agreement; and WHEREAS, City staff has inspected the completed public improvements and found that they are fully acceptable in their design, workmanship, and construction quality; and WHEREAS, City staff has certified that all charges for labor, materials, and/or services have been paid in full and no liens have been attached against the property or the improvements; and WHEREAS, the Owner will warrant the completed improvements for a period of one year from the date of approval of this document; and WHEREAS, pursuant to the Agreement, the Owner is entitled to a Full Reconveyance of the Escrow Account less 10% of the estimated cost of said improvements as a warranty for the Deer Trail Subdivision; NOW, THEREFORE, the City Council, as the governing body of the City of Moab, does hereby resolve to 1) accept the public improvements identified in the Improvements Agreement; and 2) authorize the Mayor to execute Full Reconveyances of the Escrow Funds less the 10% of the estimated cost of said improvements as a warranty as identified in the Subdivision Improvements Agreement. Passed and adopted by action of the Moab City Council of the City of Moab, Utah in open session this 9`h day of June, 2015. Rachei E:_St-enta, City Recorcter Resolution #22-2015 Mayor David L. Sakrison June 9, 2015 kkokitir I it wit .ti /, • • • ( ��\ 1 1l 1y t `�w ? / . s 1 .1. f �. I , f ��I♦�_..• _ 1 -1? kl /�� f"11111111 00 ( Planning and Zoning Department CenterSUBDIVISION 217 East Center Street Moab, Utah 84532MOAB+ PH: 435-259-5129 FAX:435-259-0600 IMPROVEMENTS PERFORMANCE GUARANTY rifY OlpCity `� '' � ESCROW FINAL RELEASE REQUEST FORM Subdivision Name: Deer Trail Subdivision Phase No.:1 Partial Release Request No: FINAL RELEASE * Owner/Developer: Scott McFarland Date of Request: May 22, 2015, 2015 Payment to(Contractor): Date of Subdivision Improvements Agreement: High Pine Construction November 6, 2015 OWNER/DEVELOPER CERTIFICATE The undersigned certifies that: (1) all previous releases received from Moab City on account of Work done under the Subdivision Improvements Agreement (SIA) have been applied on account to discharge Owner's/Developer's legitimate obligations incurred in connection with Work covered by prior release Requests; (2) title of all Work, materials, and equipment incorporated in said Work or otherwise listed in or covered by this release Request will pass to City, or other public service provider as applicable, at time specified in SIA, and shall be free and clear of all Liens, security interests and encumbrances; (3)1 certify that all improvements completed in accordance with the Approved Construction Plans are under warranty for one year from the date of acceptance by resolution of the City Council. Boy .0s6f. Date: May 22, 2015 Attach the Following supporting documents: III Copies of all lien waivers for both materials and labor ' supplied for this project. p:lplannng department iormslstaff formsldeertrail performance guaranteelrelease request #24 final.docx 1.Original Guaranty Amount 2. Balance in escrow as of 05/22/2015 3. Amount Requested 4. Balance to Remain in Escrow $ 154,968.00 94,677.00 w/out interest 88,386.00 w/interest $ 6,291.00 Release of: $88,386.00 Requested by: Approve Completed by: Date: (City Treasurer) (explanation below) (City Manager) *Final payment of escrow fund balance upon completion of the project, less Warranty Assurance Funds as indicated above, to remain in escrow for one year from the date of acceptance by resolution of the City Council. City of Moab 217 East Center Street Moab, Utah 84532-2534 Main Number (435) 259-5121 Fax Number (435) 259-4135 Mayor: Council: David L. Sakrison Kyle Bailey Heila Ershadi Doug McElhaney Kirstin Peterson Gregg W. Stucki - INTEROFFICE MEMORANDUM Date: To: From: Subject: May 26, 2015 Rebecca Davidson - City Manager, Jenny Ross - City Treasurer Jeff Foster- Public Works Director s sz,44,..>50r0/(66 Request for approval to disburse funds associated with the Deer Trail Subdivision located at 790 West 400 North The Utility and Surface Improvements associated with the Deer Trail Subdivision are now complete. Scott McFarland has requested that all unused funds associated with the development (less Warranty Assurance Funds) be refunded to him at this time.l am requesting that these funds less the Warranty Assurance Funds be refunded to him as soon as possible. First EPA Green Power Community in the Nation City of Moab 217 East Center Street Moab, Utah 84532-2534 Main Number (435) 259-5121 Fax Number (435) 259-4135 Mayor: Council: David L. Sakrison Kyle Bailey Heila Ershadi Doug McElhaney Kirstin Peterson Gregg W. Stucki - INTEROFFICE MEMORANDUM Date: To: From: Subject: May 22, 2015 Rebecca Davidson - City Manager, Jenny Ross - City Treasurer �'\ Jeff Foster- Public Works Director 6-0-lc.. StiApNsor� 'CJ Request for approval and acceptance of the improvements associated with the Deer Trail Subdivision located at 790 West 400 North The Public Works Department has inspected the remaining improvements associated with the Deer Trail Subdivision. After creating a punch list for items to be repaired and the contractor having completed the corrections, It is my recommendation that the city accept the improvements constructed and installed by Scott McFarland and High Pine Construction at the above location. First EPA Green Power Community in the Nation