R-09-02 02/11/02RESOLUTION
RESOLUTION AUTHORIZING LETTER OF CREDIT REDUCTION
FOR GALLAGHER & HENRY'S COVINGTON KNOLLS
SINGLE FAMILY SUBDIVISION, UNIT IV
WHEREAS, pursuant to Ordinance 426, as amended, the Lemont 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 public improvements; and
WHEREAS, in the matter of Covington Knolls Single Family Subdivision, Unit IV, located south
of McCarthy Road, north of 127th Street, an Irrevocable Letter of Credit issued by LaSalle Bank,
N.A. in the amount of $940,892.81 was deposited with the Village of Lemont; and
WHEREAS, Gallagher & Henry on behalf of the applicant, Orchard Hill Building Company, has
requested a reduction of the Irrevocable Letter of Credit; and
WHEREAS, a duly authorized agent of the Village of Lemont has inspected certain portions of the
improvement and has found these portions to have been satisfactorily installed.
NOW THEREFORE BE IT RESOLVED by the President and Board of Trustees of the Village
of Lemont that the Irrevocable Letter of Credit for Gallagher & Henry's Single Family Subdivision,
Unit IV is hereby reduced to $153,732; a reduction of $ 787,160.81 from the present balance of
$940,892.81.
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 11th day of February . 2002.
John Benik
Debby Blatzer
Peter Coules
Connie Markiewicz
Steven Rosendahl
Jeanette Virgilio
Attest:
AYES NAYS PASSED ABSENT
CHARLENE SMOLLEN, Village Clerk
COVINGTON KNOLLS
UNIT 4
LOC REDUCTION REQUEST No.1
ITEM
N0.
DESCRIPTION
1
2
3
4
5
1111612001 I
UNIT TOTAL
• TOTAL
UNIT TOTAL PERCENTAGE COST
COST COST COMPLETE REMAINING
EARTHWORK
TOPSOIL STRIPPING CU YD 9600 51.75 516,625.00
EXCAVATION CU YD 29000 52.00 558,000.00
TOPSOIL RESPREAD CU YD 600' $2.25 _ S1,350.00
SILT FENCE FOOT 3400 $4.00 513,600.00
HAY BALES EACH 324 $10.00 53,240.00
ATERMIMN
6 8" DIPWM
7 8" VALVE AND BOX
8 FIRE HYDRANT
9 TRENCH BACKFtLL
10 LONG WATER SERVICE
11 SHORT WATER SERVICE
12 16 "CASING PIPE
SANITARY SEWER
13 8" PVC SDR2O
14 16 "PVCSDR28
15 4' DIA. MANHOLE
16 TRENCH BACKFILL
17 LONG SANITARY SERVICE
18 SHORT SANITARY SERVICE
FOOT 2620 518.00
EACH 9 3900.00
EACH 7 51,700.00
CU YO 81 520.00
EACH 17 3970.00
EACH _ 14 5550.00
F 00 160 520.00
100 - 50.00
100 50.00
100 S0.00
100 _ 50.00
100 50.00
$41,920.00
58,10000
511,900.00
51,620.00
516,490.00
57,700.00
$3,200.00
FOOT 614 520.00 312280.00
FOOT 119 $50.00 55,950.00
EACH 1 51,300.00 51,300.00
CU YD 260 $20.00 $5,20000
EACH 11 5800.00 58,80000
EACH 20 5450.00 59,00000:
100 50.00
100 $0.00
100 50.00
100 Woo
100 50.00
100 $0.00
100. 50.00
100 50.00
100 50.00
100 50 00
100 50.00
100 50.00
100 $0.00
Page 1
V:lGellegtwr124341oad
W LOC redulion Req 1 .xds
From:GALLAGHER & HENRY 1ST FLOOR
z o -9or of /So d
STORM SEWER
19 _ 12" RCP
20 15" RCP
21 18" RCP
22 21" RCP
23 24" RCP
24 27" RCP
25 35- RCP
26 42" RCP
27 48' RCP
AS 60" RCP
29 INLET -Y ARD
30 INLET - CURB
31 4' DIA. CATCH BASIN
32 5' DAL CATCH BASIN
33 6' DIA. CATCH BASIN
34 4' DIA. MANHOLE
35 5 DIA. MANHOLE
36 6' DIA. MANHOLE
31 TRENCH BACKFLL
FOOT • 1055
32200 $23,210.00
FOOT 370
FOOT , 149
FOOT 1034
FOOT
FOOT
FOOT
FOOT
FOOT
$2500 $9,250.00
130.00 34,470.00
$3500 j 338,1. 90.00
300' $40.00 312,000.00
300 345.00 $13,500.00
100
$0.00
100 30.00
100 30.00
100 30.00
_
1003 $0.00
1001.__. $0.00
1001 $0-00
100 30.00
100
86,435.00 100, 30.00
35,400.00 100 $0.00
34,500.00 100, 50.00
318,000.100 100 30.00
$1,500.00 100! 30.00
32,000.00 100
313,600.00 100
$7,200.00 100
$8,600.00 100
$10,900.00
100
523 84800 325,104.00
308 350.00 315,400.00
196 352,00 310,192.00
FOOT 1 117 355.00
9 1600.00
6 $750.00
15 31,20000
1 31,500.00
1 52,00000
8 $1.700.00
4 31,800.00
3 32,200.00
545 320.00
EACH
EACH
EACH
EACH
• EACH
EACH
EACH
EACH
CO YD
PAVING
38 CURB AND GUTTER
39 MT UM I NOUS PAVEMENT-BASE
39A BITUMINOUS BINDER COURSE
3913 BITUMINOUS PAVEMENT SURFACE
40 LIGHT POLES
41 -SIDEWALK
42 SODDING
43 STREET TREES 22LOT
FOOT
SO YD
SO YD
EACH
SO FT
SO YD
EACH
3160 312.00 $37,920.00
8829 311.25 399,32625
7763 35.25 540,755.75_
7763 33.75 i $29,111.25
8 33,500.00 521,000.00
16000 32.75 344,000.00
5350 32.50 313,37500
82. 3250.00 315,500.00
Page 2
$0.00
30.00
30.00
$0.00
30.00
$752,714.25 t
//5-Z. 22
7.92
100 30.00
100 30.00
100 30.00
0 $29,111.25
0 $21,00.00
O 344,000.00
O 313,375.00
O 315,5130.00
Y01349-
3122,986 25
From:GALLAGHER & HENRY 1ST FLOOR
-3 13g 47'
/5-
ot
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U4 LOC mactIon Rap LAs
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