HomeMy WebLinkAboutA024 - Council Action Form dated August 25, 2020 ITEM #:Addt'I Item #1
DATE: 08-25-20
COUNCIL ACTION FORM
SUBJECT: Amendment to Kingsbury 4t" Addition Public Improvements
Agreement.
BACKGROUND:
The Kingbury's Fourth Addition (previously identified as the V Addition) was approved
by the City Council on May 12, 2020 for the purposes of dividing a 6.91 acre site on SE
3rd Street into Lot 1 and Lot 2 and for the extension of SE 3rd Street to the eastern end of
the site. The City of Ames entered into a Development Agreement with DET Land
Company (Doug Pyle) in regard to dedication of right-of-way and construction of public
improvements, including City construction of the road extension and the developer
completing sewer, water, and sidewalk improvements. The property owner executed a
public improvements agreement for a three-year deferral with financial security for his
required improvements, totaling $64,655.
Doug Pyle now requests the City of Ames accept an assignment of these development
obligations with an amendment to the Public Improvement agreement and substitution of
financial security. The proposed change would have the improvements and their financial
security assigned respectively to Lot 1 and Lot 2 within the subdivision in accordance with
the attached agreement. The new owner of Lot 1 will be responsible for proportional
costs of sidewalk installation and storm water while Doug Pyle will maintain responsibility
for the other improvements.
Although it is unusual to split the public improvement obligations per lot, the requirements
do not change and the same amount of financial security is held by the City. Approval of
the amendment will allow for Mr. Pyle to receive some of his initial financial security back
and have it substituted with financial security provided by the owner of Lot 1.
ALTERNATIVES:
1. The City Council can approve the amendment to the Public Improvements Agreement
for Kingsbury Fourth Addition.
2. The City Council can deny the request to amend the Public Improvements Agreement
and substitute financial security.
CITY MANAGER'S RECOMMENDED ACTION:
The proposed assignment of public improvements is distinct in relation to each lot within
the Subdivision and can be completed independent of each lot. With the approved
change, each property owner will be independently responsible for their own
improvements and may seek release of the financial security upon competition of
improvements. Although the request to assign responsibility is unusual, it does not
change the total amount of financial security for the improves or the requirements for the
improvements.
Therefore, it is the recommendation of the City Manager that the City Council act in
accordance with Alternative #1 recommending approval of the amendment to the Public
Improvements Agreement for the Fourth Addition.
Attachment A: Location Map
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Attachment B: Final Plat
FINAL PLAT
KINGSBURY'S THIRD ADDITION
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Exhibit A: KINGSBURY 4TH ADDITION AMENDED PUBLIC IMPROVEMENT AGREEMENT COSTS
Lot 1 Quantity Unit Unit Price Totals
Sidewalk Pavement, PCC, 4"thick 344.8 SY $ 40 $ 13,790.00
Sidewalk Pavement, PCC, 6" thick 5.6 SY $ 75 $ 420.00
Detectable Warning Panels 8 SF $ 30 $ 240.00
COSESCO (erosion control) 5.73 EA $ 500 $ 2,865.00
LOT 1 TOTAL $ 17,315.00
Lot 2
Sidewalk Pavement, PCC, 4"thick 86.2 SY $ 40 $ 3,450.00
Sidewalk Pavement, PCC, 6"thick 1.4 SY $ 75 $ 105.00
Detectable Warning Panels 2 SF $ 30 $ 60.00
COSESCO (erosion control) 1.17 AC $ 500 $ 585.00
Sanitary Sewer Connection 1 EA $ 2,000 $ 2,000.00
Sanitary Sewer Manhole,SW-301, 48" 1 EA $ 5,000 $ 5,000.00
Sanitary Sewer Gravity Main,Trenched, 8" 152 LF $ 75 $ 11,400.00
Water Main,Trenched, 8" 154 LF $ 60 $ 9,240.00
Water Valve, 8" 1 EA $ 2,500 $ 2,500.00
Water Main Connection 1 EA $ 3,000 $ 3,000.00
Fire Hydrant Assembly 1 EA $ 5,000 $ 5,000.00
Street Lighting 1 LS 5000 $ 5,000.00
LOT 2 TOTAL $ 47,340.00
COMBINED TOTAL $ 64,655.00