R-21-07 02/12/2007VILLAGE OF LEMONT
RESOLUTION NO. ie - / - 0 7
A RESOLUTION ACCEPTING BRIARCLIFFE ESTATES PLANNED UNIT
DEVELOPMENT, THEREBY REDUCING LETTER OF CREDIT #354
FOR A TWO -YEAR MAINTENANCE PERIOD
ADOPTED BY THE
PRESIDENT AND THE BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT
THIS 12TH DAY OF FEBRUARY, 2007
PUBLISHED IN PAMPHLET FORM BY
AUTHORITY OF THE PRESIDENT AND
BOARD OF TRUSTEES OF THE VILLAGE OF
LEMONT, COUNTIES OF COOK, WILL AND
DUPAGE, ILLINOIS, THIS 12TH DAY OF
FEBRUARY, 2007.
RESOLUTION NO. 2. A1- 0 7
A RESOLUTION ACCEPTING BRIARCLIFFE ESTATES PLANNED UNIT
DEVELOPMENT, THEREBY REDUCING LETTER OF CREDIT #354
FOR A TWO -YEAR MAINTENANCE PERIOD
WHEREAS, pursuant to the Subdivision Regulations, an owner or developer of a
subdivision is required to deposit certain security or evidence thereof with the Village of Lemont to
guarantee the installation of such improvements; and
WHEREAS. in the matter of Briarcliffe Estates Subdivision, located north of 127th Street
and east of Smith Road, Irrevocable Letter of Credit #354 was issued by Heritage Bank in the
amount of $2,100,000.00 and was deposited with the Village of Lemont on September 3, 2003; and
WHEREAS, Briarcliffe Development LLC, in 2004, requested and received several
reductions of the Irrevocable Letter of Credit #354 via Resolutions R -2 -04, R -13 -04 and R- 68 -04, to
a current balance of $655,429.89; and
WHEREAS, on behalf of Briarcliffe Development LLC, DesignTek Engineering has
requested the acceptance of Briarcliffe Estates P.U.D. including a final reduction in the Letter of
Credit #354 to a balance of $222,730.75, thereby beginning a two -year maintenance period; and
WHEREAS, authorized engineer of the Village of Lemont, James Cainkar, has inspected
certain portions of the improvement and has recommended acceptance with the following condition:
`The detention basins are not to be accepted at this time, as agreed upon by the
Village Engineer and McNaughton Development, LLC."
NOW, THEREFORE BE IT RESOLVED by the President and Board of Trustees of the
Village of Lemont, that Briarcliffe Estates P.U.D. is hereby accepted, with the exception of the
detention basins, thereby reducing Irrevocable Letter of Credit #354 to $222,730.75 for a
maintenance period of two years.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL, AND DU PAGE, ILLINOIS,
on this 12th day of February, 2007.
Debby Blatzer
Peter Coules
Clifford Miklos
Brian Reaves
Ron Stapleton
Jeanette Virgilio
ATTEST:
AYES NAYS PASSED ABSENT
a
APPROVED by me this 12`h day of February, 2007.
JOH F. PIAZZA, Villa e 'resident
CHARLENE M. SMOLLEN, Village Clerk
M: \COMMUNITY DEVELOPMENT DEPT200 - DEVELOPMENT250 - CASE FILES \2002'22.23- Briarcliffe \ccept Briarcliffe Res 2.12- 07.wpd
Village of Faith
Mayor
John F. Piazza
Village Clerk
Charlene M. Smollen
Trustees
Debby Blatzer
Peter Coutes
Clifford Miklos
Brian Reaves
Ronald Stapleton
Jeanette Virgilio
Administrator
Gary C. Holmes
Administration
phone (630) 257 -1590
fax (630) 243 -0958
Building Department
phone (630) 257 -1580
fax (630) 257 -1598
Community Development
phone (630) 257 -1595
fax (630) 257 -1598
Engineering Department
phone (630) 257 -2532
fax (630) 257 -3068
Finance Department
phone (630) 257 -1550
fax (630) 257 -1598
Police Department
416 Main Street
phone (630) 257 -2229
fax (630) 257 -5087
Public Works
14574 127th Street
phone (630) 257 -2532
fax (630) 257 -3068
www.lemont.il.us
Village of Lemont
Mr. James Brown
Community Development Director
Village of Lemont
418 Main Street
Lemont, Illinois 60439
Re: Briarcliffe Estates PUD
Final Letter of Credit Reduction
Dear Jim:
418 Main Street • Lemont, Illinois 60439
January 23, 2007
Attached please find correspondence from DesignTek Engineering, Inc.,
dated January 10, 2007 pertaining to a request for a reduction in the Letter of
Credit for the above - captioned Subdivision to the maintenance bond level. I
have reviewed the attached and find it acceptable to lower the amount to
$222,730.75 and enter the 2 -year maintenance period; however, I do not
recommend acceptance of the detention basins at this time. (McNaughton
Developer also agrees that the detention basins are not in a condition to be
accepted.)
Should you have any questions concerning this matter, please do not
hesitate to contact me.
Very truly yours,
VILLAG j LEMONT
e ainkar, P.E., P.L.S.
Acting Village Engineer
JLC /debi
Enclosure
cc: Mr. Gary C. Holmes, Administrator, w /Enc.
Mr. Dan Fielding, Director of Public Works, w /Enc.
Mr. Peter A. Krumins, Planner, w /Enc.
Mr. Lynn Stratton- Cholewa, Adm. Assistant, w /Enc.
Project File No. 05392
DE I DESIGNTEK ENGINEERING, INC.
CONSULTING AND SITE DESIGN ENGINEERS
January 10, 2007
Job No. 02 -175
Mr. James Brown
Village of Lemont
418 Main Street
Lemont, Illinois 60439
Re: Briarcliffe Estates
Final LOC Reduction
Lemont, Illinois
Dear Mr. Brown,
On behalf of our client, McNaughton Development Inc., we have reviewed their attached request
for their fourth LOC reduction, and concur with the requested reduction in the amount of
$432,699.14. This reduction request in the amount of $432,699.14 represents new work
completed since the third request was made. The remaining LOC amount will be $222,730.75,
which represents 10% of the original cost of construction amount, which is required to be held
per the annexation agreement. This figure was arrived at by taking the current outstanding LOC
amount of $655,429.89 and deducting the required amount to be held of $222,730.75. The total
reduction would therefore be $432,699.14.
Per the annexation agreement, reduction of the LOC to 10% of the original LOC amount
signifies acceptance of all the public improvements and triggers the start of the two (2) year
maintenance period. It is therefore our understanding and opinion that once this reduction is
approved, the two (2) year maintenance period 'will commence, and two (2) years from the date
of this reduction being accepted, the final $222,730.75 will be released.
Should you require any additional information or would like to discuss this information, please
do not hesitate to contact me at your earliest convenience.
Sincerely,
DESIGNN K ENGINE" NG, INC.
rive/
Scott D. Schreiner, PE
President
SDS:sds
cc: Rick Raspante — McNaughton Development, Inc.
File
L ^.Engineenng \2002 Projectsi02- 175\Letters \Brown Final LOC Reduction 45.doc
9500 BORMET, SUITE 304, MOKENA, ILLINOIS 60448
PHONE: (708) 326 -4961 FAX: (708) 326 -4962
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