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TO: Charles Balczun County Administrator DIVISION HEAD CONCURRENCE: Robert M. Keae ng CP CommunityDeve o me Director P DATE: February 19, 1988 FRE: SUBJECT: WOODLANDS SUBDIVISION MAINTENANCE AGREEMENT SECURITY AND CONTRACT FOR CONSTRUCTION THROUGH: Stan Boling 413. Chief, Current Development tA) FROM: Robert E. wiegers / REFERENCES: Staff Planner woodlands BWIEG It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of March 1, 1988. DESCRIPTION & CONDITIONS: On November 3, 1987, the Board granted final plat approval to the Woodlands subdivision, -a 55 lot subdivision located on the north side of 1st. Street S.W., to the east of The Meadows subdivision. At that time, the owner/applicant, Norman Hensick, contracted with the County to finish construction of some remaining subdivision improvements. An irrevocable letter of credit in the amount of $100,000.00 was posted to secure the construction contract. The applicant is now requesting that the Board release the $100,000.00 letter of credit, allow the developer to contract -out for the future construction of sidewalks by posting the necessary surety, and accept the warranty maintenance agreement with the necessary maintenance bond. ANALYSIS: The Public Works department has inspected the subdivision and has verified that all required improvements have been constructed and are acceptable. Public Works has indicated that the original construction contract and letter of credit may now be released. The project engineer has certified that 115% of the actual cost for future construction of sidewalks is $33,203.00, and has also certified that 25% of the actual cost of the total required subdivision improvements is $41,522.13. Section 10(e)3 of the County Subdivision ordinance gives the Board of County Commissioners "the discretion to grant the applicant a two-year period, after final inspection of subdivision improve- ments, to construct sidewalks if the applicant posts construction security in the amount of one hundred and fifteen (115%) percent of the construction costs". The applicant has now submitted a contract for construction of required improvements for the future sidewalks within the sub- division with a new letter of credit, and a warranty maintenance agreement with a maintenance bond. The Board may now acceptthe warranty maintenance agreement with the appropriate security and accept the new construction contract guaranteeing the construction of sidewalks in the future. The applicant's submittals have been approved by the County Attorney's office, and satisfy all appli- cable County requirements. RECOMMENDATION: Staff recommends that the Board of County Commissionersrelease the original $100,000.00 letter of credit, accept the amended letter of credit allowing the developer to contract -out for the future construction of sidewalks, and accept the submitted warranty maintenance agreement and bond. [MR 1 1988 22 ricif 71 FAcE120