Resolution No. 2026-022 – A Resolution Approving the Partial Release of the Escrow for 80/380 Commerce Park First Addition — I.3

AGENDA ITEM # I-3 Village Drive Work Remaining Total Seeding $2,000.00 Erosion Control Removal $8,860.00 Construction Debris - Street Signage $10,000.00 Street Markings $6,294.00 Finish Grade - Detention Grading - Water Tower Gravel - Tree Removal 10,000.00 Misc Other Work $12,000.00 SUM $49,154.00 Staff Recommendation City staff and the City Engineer recommend approval of Resolution No. 2026-022, approving a partial release of escrow in the amount of $370,736.86 to 80/380 Commerce Park, LLC, with the remaining balance retained until all outstanding items are completed and approved. ATTACHMENTS: Resolution, Brain Engineering Punchlist & MSA Current Walkthrough 2