HomeMy WebLinkAboutOLD OAK ESTATES (5227 STRAUSS CABIN RD.) - FDP - 25-07A/B - CORRESPONDENCE - (3)Ted Shepard - RE: Big Dipper/Village Hor Page 2
west really does not qualify for any City reimbursement. This drain line
was not a part of the Willow Brook design and was not included in the
original escrow calculation, therefor we feel that no part of the storm
drain is justified as reimbursable.
The cost estimate that you provided (prepared by SEBI) shows that the
"Willow Brook" portion of the road construction including water and storm
drainage improvements totals $63,557. If you remove the storm drain
improvements portion of that estimate ($19,850) you are left with $43,707 in
construction costs. Very close to the $46,000 we have available in the
escrow account. Because Matt Baker is out we don't know if these numbers are
so close purely by coincidence or if this was all considered when the money
was collected. Either way it appears that the City does have enough to
reimburse you for the "Willow Brook" obligation to construct Big Dipper.
Please stay in contact with Mark regarding the process to file for the
reimbursement of your construction costs. It is my understanding that you
have one year from the completion of the road to file for this reimbursement
and there is certain documentation that needs to be submitted. Mark can help
you with this process.
If you have any question or you would like to meet again to discuss this
further, feel free to call me and I will pull another meeting together if
needed.
Thank you,
Randy Maizland
970416-2292
>>> "April Hutchison" <aaprilhutchP—ncpcpro.com> 3/31/2008 11:02 PM >>>
Hi Mark, I was wondering if there was any word on the issue with the Village
Homes escrow? I wasn't sure who I should contact about this issue so let me
know if I should be contacting someone else. Thanks for your help,
April Hutchison
CC: Laken, Mark; Shepard, Ted
Ted Shepard - RE: Big DipperNillage Hor �s _. Page 1
From: Randy Maizland
To: Hutchison, April
Date: 4/8/2008 8:29:17 AM
Subject: RE: Big DipperNillage Homes
Thank you April. The last undetermined cost for your project now is for the Strauss Cabin frontage
obligation. Since you will be constructing the "ultimate" sidewalk on Strauss Cabin we will only be
collecting money for the "local" street portion which is curb & gutter and 12 feet of asphalt. You will also be
eligible for reimbursement from street oversizing for 1.5' of the sidewalk since you are only obligated for a
"local" sidewalk which is 4.5' wide. You will need to submit a cost estimate for the curb, gutter and asphalt
for us to review. That final dollar amount will be put into the development agreement and the payment will
not be due until you pull a building permit for any of the lots.
I'll see you Wednesday and we can talk more about the project then.
Randy
>>> "April Hutchison" <aprilhutch@ncpcpro.com> 4/7/2008 9:10 PM >>>
Hi Randy, just wanted you to know that this seems reasonable. We will see
you Wednesday.
April
----Original Message ----
From: Randy Maizland (_mailto:rmaizland(a)fcpov.com
Sent: Tuesday, April 01, 2008 8:34 AM
To: April Hutchison
Cc: Mark Laken; Ted Shepard
Subject: Re: Big DipperNillage Homes
Hello April,
We have done some research and had a couple follow up meetings to go over
the Big Dipper escrow issue and I think I can respond now with some
confidence.
Looking more closely at the Willow Brook development agreement it says that
with Phase I of development the City would collect an escrow of
approximately $67,000 for the future construction of three street stubs,
those being Northern Lights (north of Galileo), Rock Creek (east of Norther
Lights) and Big Dipper (east of Northern Lights). We know that Rock Creek
was completed recently and the City reimbursed the developer at total of
$22,000 (leaving roughly $45,000 in the escrow account at the City). It has
also come to our attention that the Northern Lights stub into the Brookfield
development was also built about 5 years ago. I have learned that the
Brookfield development actually constructed that road rather than Willow
Brook. We are not aware of any agreements between Willow Brook & Brookfield
and we don't know who paid for that construction but neither has come to the
City to request any sort of reimbursement and since the road was completed
nearly five years ago it is too late to file for a reimbursement. That being
said, this means that there is still roughly $46,000 of escrowed funds in
the City account that can be used toward completing the Big Dipper
connection.
We have also analyzed the construction drawings and the cost estimate that
you provided and we have come to the conclusion that all of the storm drain
installation under Big Dipper which outfalls to the Willow Brook pond to the