R-26-03 04/14/03RESOLUTION NO'
RESOLUTION AUTHORIZING LETTER OF CREDIT REDUCTION
FOR EAGLE RIDGE SUBDIVISION
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 Eagle Ridge Subdivision, located north of 1321h Street, and
south of Eaglecrest Subdivision, an Irrevocable Letter of Credit #2002 -1320, Marquette Bank, in
the amount of $830,000.00 was deposited with the Village of Lemont on January 28, 2002; and
WHEREAS, Phil Cullen and William Brennan, d/b /a Eagle Ridge Enterprises, Inc., has
made application for a reduction of the Irrevocable Letter of Credit #2002 -1320; 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 #2002 -1320 for Eagle Ridge
Subdivision is hereby reduced to $246,449.83.
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 14th day of April, 2003.
John Benik
Debby Blatzer
Peter Cowles
Connie Markiewicz
Steven Rosendahl
Jeanette Virgilio
ATTEST:
AYES NAYS PASSED ABSENT
V
APPROVED by me this 14th day of April, 2003.
PIAZZA, Villa ent
CHARLENE M. SMOLLEN, Village Clerk
H: \RESOLUTI \2003\Eagledraw.l oc. wpd
LAVOIE & ASSOCIATES, INC.
ROGERS STREET
,OWNERS GROVE, ILLINOIS 60515
FINAL ENGINEERING
ENGINEER'S OPINION OF PROBABLE COST
PROJECT NAME : EAGLE RIDGE ESTATES
LOCATION : 132ND WEST OF STATE STREET
LEMONT, ILLINOIS 60439
CLIENT NAME : EAGLE RIDGE ENTERPRISES, LLC
111 EAST ILLINOIS STREET
LEMONT, ILLINOIS 60439
ITEM NUMBER DESCRIPTION
EARTHWORK
1
2
3
4
PAVEMENT
5
6
7
8
9
10
11
12
13
WATERMAIN
14
15
16
17
18
19
20
21
TOPSOIL STRIP (12" DEPTH)
TOPSOIL RESPREAD 6'
HAULOFF'(TOPSOIL)
CLAY CUT TO FILL (POND & ROADWAY R.O.W.)
1 112" BITUMINOUS SURFACE COURSE, CL 1 DUTY) 1
PRIME COAT.,. _ SURFACE 7 I�S�
2 1/2' BITUMINOUS BINDER COURSE, CL I
12' AGGREGATE BASE COURSE (CA -6)
86.12 CURB AND GUTTER
CURB AND GUTTER R & R ;1‘47
.J ,C WALK, 5 INCHES THICK so
LYIESTONE.WALK, 8 INCHES THICK
BUTTJOINT (1 1/2" BITUMINOUS SURFACE COURSE W/ PRIMER)
i 3v�
8' DIWM, CL 52
CONNECTION TO EXISTING 8' DIWM
2 SERVICE CONNECTION (LONG)
2' SERCIE CONNECTION (SHORT)
8" VALVES
HYDRANT
PAVEMENT REMOVE AND REPLACE (UTILITY INSTALLATION)
TRENCH BACKFILL
SANITARY SEWER
22 8' DIA. PVC SDR 26 SANITARY SEWER
23 6' DIA. PVC SDR 26 SANITARY SEWER
24 4' DIA. PVC SCHEDULE 40 FORCE MAIN
25 SANITARY MANHOLE, TY A W/ FRAME AND GRATE
26 LIFT STATION.
27 TRENCH BACKFILL
PROJECT MANAGER: MDC
DATE: 01 -03 -02
PROJECT NUMBER: 01 -107
PER PLANS LAST REVISED: 12 -18 -01
QUANTITY UNIT UNIT PRICE AMOUNT
,.. -460 am.
5037017 --
7000 CY
52.50 $13 9A0 -011�_
52.50 C 53,750.
57.00 521,700.00
53.00 521,000.00
C_4_,,59_,_ TOy,_i 538.50
2092 GAL 50.65
765 TON 531.79
5,420 SY 57.75
,_, .. '}3463 LF 511.00
24....__... LF 520.00
Z 155,04_, 52.50
s13 SF 51.50
�-' 57 SY 522.00
2431 LF
2 EA
10 EA
13 EA
9 EA
5 EA
14 SY
280 CY
2205 LF
850 LF
527 LF
14 EA
1 EA
830 CY
`�,1111111►I/,,,,
���`PE .. •.•
519.90
$2,000.00
5600.00
5350.00
$t ,000.00
$1,820.00
580.00
517.00
519.00
511.75
$11.00
51,595.00
558.685.00
517.00
560,250.00
517,671.x. -/
51,359.80
524.318.30
542,005.00
$38,093.00
0
538
51, 254.00
5167,154.60
548,376.90
54,000.00
56,000.00
54 550.00
59,000.00
$9.100.00
51.120.00
54, 760.00
586,906.90
541,895.00
59,987.50
55,797.00
$2
558,685.4
$14,110.00
5152,804.50
1/4/2002 COST ESTIMATE 010302.x14
INEER
.4 1.4,II INI16 00
Pays 1 of 2
C.M. LAVOIE & ASSOCIATES, INC.
633 ROGERS STREET
DOWNERS GROVE, ILLINOIS 60515
FINAL ENGINEERING
ENGINEER'S OPINION OF PROBABLE COST
PROJECT NAME : EAGLE RIDGE ESTATES
LOCATION : 132ND WEST OF STATE STREET
LEMONT, ILLINOIS 60439
Y1l (----Pt.-Y)'IA 1 Iv i !k'! :%b
6 .
PROJECT MANAGER: MDC
DATE: 01 -03 -02
CLIENT NAME : EAGLE RIDGE ENTERPRISES, LLC
111 EAST ILLINOIS STREET PROJECT NUMBER: 01 -107
LEMONT, ILLINOIS 60439
PER PLANS LAST REVISED: 12 -18 -01
ITEM NUMBER DESCRIPTION
STORM SEWER QUANTITY UNIT UNIT PRICE AMOUNT
28 8' DIA. ADS HOPE STORM SEWER
29 8' DIA. STEEL STORM SEWER 337 LF 510.00 53,370.00
30
12" DIA. RCP CLASS III STORM SEWER 3 LF 525.00 575.00
31 12' DIA. RCP CLASS IV STORM SEWER 986 LF 316.00 $t5,7i6.00
32 12" DIA. ADS HOPE STORM SEWER 129 LF $16.00 52,064.00
33 12' DIA. ADS PERFORATED N -12 STORM SEWER 90 LF 512.00 $1,080.00
18" DIA. RCP CLASS 111 STORM SEWER 373 LF $12.00 $4476.00
35 18' DIA. RCP CLASS IV STORM SEWER 41 LF $19.50 $799.50
35 24' DIA. RCP CLASS III STORM SEWER 23 LF 519.50 $448.50
36 24' DIA. ADS HOPE STORM SEWER 472 LF $20.00 _ $8,840.00
37 24' CATCH BASIN, TY C W /FRAME AND GRATE 472 LF $24.00 $t 1328.00
38 48' CATCH BASIN /MH, TY A W /FRAME AND GRATE 12 • $600.00 $7200.00
39 DUAL 48' CATCH BASIN, TY A W /FRAME AND GRATE 7 EA $1.000.00 $7,000.00
39 60' CATCH BASIN/MH, TY A W /FRAME AND GRATE 2 • $1.990.00 33,980.00
40 48" INLET, TY A W /FRAME AND GRATE 7 EA $1,250.00 $8,750.00
41 12' RCP FLARED END SECTION WITH GRATE 3 • 5500.00 31,500.00
42 18' RCP FLARED END SECTION WITH GRATE 1 • 3445.00 $4.15.00
42 24' RCP FLARED END SECTION WITH GRATE 1 • $560.00 3560.00
43 24" ADS HDPE FLARED END SECTION WITH GRATE 1 • $750.00 $750.00
44 SPECIAL STRUCTURE (32' X 77" BOX) 1 EA 5750.00 $750.00
45 RESTRICTOR 1 EA $5,000.00 35,000.00
46 TRENCH BACKFILL 1 EA $150.00 5150.00
270 CY $17.00 54.590.00
EROSION CONTROL 588,932.00
47 CONSTRUCTION ENTRANCE
48 SILT FENCE 1 EA $1,500.00 51,500.00
49 SEDIMENTATION TRAP 2059 LF 33.00 36.177.00
50 STAW BALE DITCH CHECK 11 EA 575.00 5825.00
51 OVERFLOW WEIR 9 EA $50.00 5450.00
2 EA 51,500.00 $3,000.00
MISC. -i1 1 952 00
52 STREET LIGHTING
53 `=M WAYTREES 7 EA $3000.00 521 000.00
54 -LA OSCA9ING/RESTORATION 4. °J r"'" i 80 EA $250.00
1
55 GEQIJ:RA% li I QUSING �'" � 330,000.00 .25 00'
1 EA 530.000.00 330.000 0[L/
$96.000.00
NOTES:
1) NO SOIL BORINGS PROVIDED BY THE CLIENT AT THE TIME OF COST ESTIMATE.
1/412002
PROJECT TOTAL: $664,000.00
LETTER OF CREDIT (125 %)
5830,000.00
COST ESTIMATE 010302.xjs
,,/• •. • OF ;.
J
Page 2 of 2
EAGLE RIDGE ENTERPRISES, INC.
IMPROVEMENTS REMAINING TO BE COMPLETED
DESCRIPTION UNIT QUANTITY
EARTHWORK
SANITARY LIFT STATION
STORM SEWER
WATER MAIN
PAVING
SIDEWALKS
STREET LIGHTS
PARKWAY TREES
LANDSCAPING
GENERATOR HOUSING
LIMESTONE WALKWAY
SF
EA
LF
LF
TON
LF
EA
EA
EA
EA
SF
1500
0
0
0
459
15500
7
80
NA
'1202
TOTAL COST TO COMPLETE IMPROVEMENTS
ORIGINAL CONSTRUCTION COST
LESS COST OF IMPROVEMENTS TO BE COMPLETED
IMPROVEMENTS COMPLETE TO DATE
PRICE
$2.50
$6,000.00
$0.00
$0.00
$38.50
$2.50
$0.00
$250.00
$5,000.00
$6,000.00
$1.50
REDUCED LETTER OF CREDIT CALCULATIONS
IMPROVEMENTS TO BE COMPLETED
10% RETENTION OF IMPROVEMENTS TO BE COMPLETED
IMPROVEMENTS TO BE COMPLETED AND 10% RETENTION
LETTER OF CREDIT TO BE REDUCED TO:
ROUNDED TO:
Feb. 22, 2003
TOTAL KATE_
$3,750.00,
$648070.0-5
$0.00
$0.00
$17,671.50
$38,750.00
$0.00
$20,000.00'- ®�
;eae-eo 9.5
ee- 3,9;
$3,303.00
$664,000.00
$100,454.50
$563,545.50
$100,454.50 /1 '7/ /51.5)
$10,045.45
$110,4125% 9 n, i/ j4/4)
�j 3Sr
125 /o �l /`1j(��!s �
$138,124.94 1(! //`7T,
$140,000.00
ROBERTA
36
25
24
15
14
12
11
68
66
6.4
62
El
534
6133
89
E■
29
21
15
11.4C
45
63
57
,i67
163
112 151 155
22 :IQ
169,
164
162
1.6l 20
23 11 It
MEAGAN
127th
DIST. 113
SCHOOL
VAC-0
16026
LEMONT
PARK
DISTRICT
1201
EE /221
1212 19.13
227
MUNSTER
ce.aa
STREET
16:76
LEINSTER
131st
132nd
43792