R-74-03 Reducing A Letter Of Credit (Mayfair Estates Subdivision)RESOLUTION NO.
RESOLUTION REDUCING A LETTER OF CREDIT
(Mayfair Estates 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 Mayfair Estates subdivision, located south of 127th Street
and west of District #113 school, an Irrevocable Letter of Credit #2003 -955, in the amount of
$1,822,591.89 was deposited with the Village of Lemont on August 20, 2002; and
WHEREAS, on August 25, 2003, the Village President and Board of Trustees approved
Resolution #R -59 -03 which reduced Mayfair Estates' Irrevocable Letter of Credit #2003 -955 to
$1,059,050.59 as requested by Design Tek Associates, Inc.; and
WHEREAS, Design Tek Associates, Inc., has made a request for a second reduction in
Irrevocable Letter of Credit #2003 -955 in the amount of $489,805.00, for a balance of
$569,245.18; and
WHEREAS, a duly authorized agent of the Village of Lemont has inspected certain
portions of the improvement and has found portions to have been satisfactorily installed; and
NOW, THEREFORE BE IT RESOLVED by the President and Board of Trustees of
the Village of Lemont that the Irrevocable Letter of Credit #2003 -955 for Mayfair Estates
subdivision is hereby reduced to $569,245.18.
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 6`h day of October, 2003.
Debby Blatzer
Peter Coules
Brian Reaves
Steven Rosendahl
Ron Stapleton
Jeanette Virgilio
ATTEST:
AYES NAYS PASSED ABSENT
v
APPROVED by me this 6th day of October, 2003
. PIAZZA, V
ARLENE M. SMOLLEN, Village Clerk
G: \COMMUNITY DEVELOPMENT DEPARTMENT ONLY- RESTRICTEDI \LETTERS of CREDIT \Mayf,-LOCdrw -903
DESIGNTEK ENGINEERING, INC.
Mr. Tim Teddy
Mr. Steve May
Village of Lemont
418 Main Street
Lemont, Illinois 60439
Re:
LOC Reduction
Lemont, Illinois
Dear Mr. Teddy,
eft
T;NG AND SITE ESIGN ENGINEERS
September 15, 2003
Job No. 01 -176
On behalf of our client, Evans Development, Inc., we are submitting, supporting documents
regarding a request for a reduction in the Letter of Credit (LOC). In summary, we are requesting
a reduction in the LOC in the amount 5620,882.90. This amount represents new work completed,
in the amount of 5343,998.06 and a 25% contingency reduction on the total work completed to
date, in the amount of S276,884.84.
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,
DESIGNTEK ENGINEERING. INC.
Scott D. Schreiner, PE
Director of Engineering
SDS:sds
cc: Dr. Thomas Evans — Evans Development, Inc.
File
G: _2(ll1 Pro,ecls 01-176 Letters rcddv LCC Reduction2 sds.doc
13159 WEST 143RD STREET, HOMER GLEN, ILLINOIS 60441
PHONE: (708) 301-001 1 FAX: (708) 301 -0066
Job # 01 -176
Eile. MaylanEsnatesE,3 Cos19)07
LOC AND LOC REDUCTION ESTIMATE
August 4, 2003 - Request #1
September 15, 2003 - Request #2
Mayfair Estates
Lemont, Illinois
PREPARED FOR:
PREPARED BY:
Page 1 of 5
Dr. Thomas Evans
12112 S. Oak Park Ave.
Palos Heights, Illinois 60463
DesignTek Engineering, Inc.
13159 W. 143rd Street
Homer Glen, Illinois 60491
Mayfair Estates
Lemont, Illinois
G \2001 Prolects\01- 1761Cos1 EslmulelMaylairEslalesEngCos112310? xlsILOC Reduchon Rep 02
N
GRADING
ITEM
QUANTITY
Job It 01-176
REQUESTED REDUCTION AS OF SEPTEMBER 15, 2003
LETTER OF CREDIT AND REDUCTION REQUEST
LOC REDUCTION REQUEST 41
QUANTITY I
UNIT COST 1 TOTAL AMOUNT I COMPLET D l_ UNIT COST T COMPLETED AMOUNT
LOC REDUCTION REQUEST 112
QUANTITY TOTAL AMOUNT
COMPLETED UNIT COST COMPLETED
1 Tree Removal
2
Topsoil Excavation
3
4
5
6
Earth Excavation
Topsoil Rept., 6'
Sodding
Hydroseeding (Park)
7 Silt Fence
8 Temporary Construction Entrance
PAVING
1
2
3
6
7
8
9
10
Fine Grading
Rolled Curb 8 Gutter
4" Agy. Base, CA -6, Type B
6" BAM Base Course
Bit. Mat'I, Prime Coat .30 Gal. S.Y.
Bit. Mat'l, Tack Coal .10 Gal. S.Y.
LS
CY
CY
CY
SY
AC
1
23,200
53.500 00
55,100
4,900
16,940
1.34
LF 5,500
LS 1
TOTAL GRADING
1.5 " Bit. Conc. Binder Course, Cl. I, Mix B,
1.5" Bit. Conc. Surface Course, CLI, Mix C.
Backlill curb
Geolextile Fabric
SY
LF
SY
SY
GL
GL
SY
SY
10.868
7,746
13,019
10,868
3.260
1,087
10,868
10,868
$1.80
$2.45
52.35
53.25
$3,675.00
$1.95
59,380.00
50.90
$8.25
$2.45
$15.42
$1.55
$0.75
$3.50
$3,500.00
$41,760.00
5134,995.00
$11,515.00
555,055.00
$4,924.50
510,725.00
$9,380.00
$271,854,50
59,781.20
$63,904.50
$31,896.55
$167,584.56
$5,053.00
1 $3,500.00
23,200 $1.80
55,100 52.45
0 $2.35
0 $3.25
0 53,675.00
0 51.95
1 $9,380.00
0
0
0
0
0
$815.25
$38,038.00
0
$0.90
$8.25
$2.45
$15.42
51.55
$0.75
$3,500.00
$41,760 00
5134,995.00
$0.00
1 $3,500 00
23,200 1/ $1.80
55,100 %_ $2.45
50.00
50.00
50.00
$9,380.00
5189,635.00
54.30
LF
7,746
$1.00
546,732.40
SY
12,159
$1.75
57.746 00
$21,278.25
TOTAL PAVING $392,829.71
Page 2 of 5
0
0
0
0
$3.50
54.30
$1.00
$1.75
50.00
$0.00
$0.00
$0.00
50.00
$0.00
$0.00
50.00
50.00
4.90%/ $2.35
$3.25
$3.500.00
541.760 00
5134,995 00
511,515.00
$0.00
$3.675.00
u 51.95
1 t 59,380.00
10,868
7.746
13,019
10,868
0
0
10,868
0
$0 00
5000
$9.380 00
$201,150.00
„ $8.25
�j $242
P/ $15.42
50.90
0'
$0.00
50.00
12.159
51.55
$0.75
$3 50
$4.30
t,/,^ $1.00
$1.75
59.781 20
$63,904 50
$31.896 55
5167,584 56_
50 00
538,038 00
$0.00
50.00
521,278 25
_ $332,483_06
Mayfair Estates
Lemont, Illinois
G \2001 I'rolecls'.01 -176 \Cost EsUnute11MaylauEsratesE ngCost123102..1sILOC Reduction Flea 12
NO.
STREET LIGHTING
2
ITEM
250 W. Street Light(25' Pole)
Hand Hole
3 Uniduct w /Cable
SANITARY SEWER
UN
EA
EA
LF
QUANTITY
13
13
1,950
Job # 01 -176
REQUESTED REDUCTION AS OF SEPTEMBER 15, 2003
LETTER OF CREDIT AND REDUCTION REQUEST
UNIT COST
$3.050.00
$200.00
$4.85
TOTAL AMOUNT
$39,650.00
$2,600.00
$9,457.50
TOTAL STREET LIGHTING $51,707.50
LOC REDUCTION REQUEST 41
QUANTITY TOTAL AMOUNT
COMPLETED UNIT COST COMPLETED
0
0
0
$3,050.00
$200.00
$4.85
$0.00
$0.00
$0.00
$0.00
LOC REDUCTION REQUEST #2
QUANTITY TO FAL AMOUNT
COMPLETED UNIT COST COMPLETED
0
0
_$3,050 00
$200.00
$4 85
$0 00
$o 00
$0.0o
$0.00
1 8" Dia. PVC, SDR 26 8' -12' tt Depth
2 8' Dia. PVC, SDR 26 14' -16' ft Depth
3 8" Dia. PVC, SDR 26 16' -18' ft Depth
4 8" Dia. PVC, SDR 26 18' -20' Depth
5 8" Dia. PVC, SDR 26 22' -25' Depth
6 6" Dia. PVC Service (long)
7 6' Dia. PVC Service (short)
8 48" Dia. Manhole 8' -10' Depth
9 48" Dia. Manhole 16' -20' Depth
10 48' Dia. Manhole 20' -24' Depth
11 San. Service Riser
LF
1,469
LF
LF
LF
LF
EA
150
766
100
805
24
$18.55
$28.05
$31.05
$37.05
$43.05
$845.00
EA
32
$405.00
EA
EA
7
$1.340.00
3
12 Drop Pipe Assembly (Exterior)
13 Connection to Existing
14 Trench Backlit! Material(main)
15 Trench Backlit! Material(serv)
EA
EA
EA
EA
CY
$1,558.00
3 $2,220.00
34 $183.00
2 $1,500.00
1 $2,800.00
661 $15.75
CY 601 $15.45
TOTAL SANITARY SEWER
$27,249.95
$4,207.50
$23,784.30
$3,705.00
$34,655.25
$20,280.00
$12,960.00
$9,380.00
$4.674.00
$6.660.00
$6,222.00
$3,000.00
$2,800.00
$10,410.75
1,469
150
766
100
805
24
32
$18.55_
$28.05
$31.05
$37.05
$27,249.95
$4,207.50
$23,784.30
$3.705.00
7
3
3
$9.285.45
5179,274.20
34
2
1
661
601
$43.05
$845.00
$405.00
$1.340.00
$1,558.00
$2,220.00
$34,655.25
$20,280.00
$12,960 00
$9.380.00
$4.674.00
$6,660 00
$183.00
$1.500.00
$2,800.00
$15.75
$6,222.00
1,469 / $18.55
150 r,, $28.05
766 $31.05
100 $37.05
805 $43.05
24 7. $845.00
32 /.._/$405.00
7 x/340,00
3 j $1,558.00
3 7- $2,220.00
34 L. $183.00
$27,249 95
$4,207.50
$23,784.30
53705 00_
$34,655 25
520.280.00
512,960.00
$9.380 00
$3.000.00
$2,800.00
$15.45
Page 3 of 5
$10.410.75
$9.285.45
$179,274.20
2 V $1,500.00
I/ .$2,800.00
661 ✓• $15 75
601 41 $15 45
54,674 00
$6,660 00
56,222.00
$3,000 00
52,800.00
$10,410 75
59,285.45
$179,274.20
Mayfair Estates
Lemont, Illinois
G `2001 Projects 01•176\Cos1 Esl ! Ie' MaylartEslalesEngCosl ,23102.e1SIIOC Reduc1,o11 Req 12
NO.
ITEM
UN
QUANTITY
Job 11 01 -176
REQUESTED REDUCTION AS OF SEPTEMBER 15, 2003
LETTER OF CREDIT AND REDUCTION REQUEST
UNIT COST
TOTAL AMOUNT
WATER MAIN
1 12" Dia. DIWM LF
2
3
4
5
6
10" Dia. DIWM
8" Dia, DIWM
6" Dia. DIWM
12" Valve & 60" Vault
10' Valve, Box & Stab
7 8" Valve, Box & Stab.
8 6" Valve, Box & Stab.
9 Fire Hydrant w /Aux.Valve, Box & Stab.
10 1.5" Dia. Cu Water Serv. (long)
11 1.5" Dia. Cu Water Serv. (short)
12 1.5" Dia. Indiv. Valve and Box
13 Trench Backtill Material(main)
14 Trench Backtill Material(serv)
15 Polyvinyl Wrapping
16 Connection to Existing
STORM SEWER
1 24" Dia. RCP
2 21" Dia. RCP
3 18" Dia. RCP
4 15" Dia. RCP
5 12" Dia. RCP
6 60" Dia. Manhole w/ Frame & Lid
LF
LF
LF
EA
EA
EA
EA
EA
EA
EA
EA
CY
CY
LF
177
1,408
2,242
571
1
3
4
2
13
25
31
56
221
148
$22.00
$22.00
$18.50
$16.50
$1,940.00
$950.00
$600.00
$600.00
$1,660.00
$770.00
$510.00
$175.00
$15.50
$15.50
4,398
$1.20
LOC REDUCTION REQUEST #1
QUANTITY TOTAL AMOUNT
COMPLETED UNIT COST COMPLETED
$3,894.00 177
$30,976.00 1,408
$41,477.00 2,242
$9,421.50 571
$1,940.00 1
$2,850.00 3
$2,400,00 4
$1,200.00 2
$21,580.00 13
819,250.00 25
$15,810,00 31
$9,800.00 56
$3,425.50 221
$2,294.00 148
EA $5,277.60 4,398
2 $750.00 $1,500.00 2
TOTAL WATER MAIN $173,095.60
$22.00
$22.00
$18.50
$16.50
$1,940.00
$950.00
$600.00
$600.00
$1,660.00
$3,894.00
$30,976.00
$41,477.00
$770.00
$9,421.50
$1,940.00
$2,850.00
$2,400.00
$1,200.00
$21,580.00
$510.00
$175.00
$15.50
$15.50
$19,250.00
$15,810.00
LOC REDUCTION_ REQUEST M2
QUANTITY TOTAL AMOUNT I
COMPLETED UNIT COST COMPLETED
177 $22.0 -. $3,894.00
1,408 x$2_2.00
2,242 ✓ $1g.50_
571 16.50
1
$9,800.00
$3,425.50
$2,294.00
$1.20
$750.00
$5,277.60
$1,500.00
$173,095.60
/.$1
,940.00
3 /4 $950 00
4 / $600.00
2 1/ $600 00
13 % $1,660.00
25 $770.00
31,, $51000
56 ✓ $175.00
22 $15.50
148 $15.50
4,398 y $1.20
2 /' $750.00
$30,976.00
$41,477 00
$9,421.50_
$1,940.00
$2,850.00
$2,400.00
$1.200 00_
821,560 00
819, 250.00
815,610.00_
$9,800.00
$3.425 50
$2,294 00
$5,277.60
$1,500 00
$173,095,60
7 60" Dia. Catch Basin w/ Frame & Lid
8 48" Dia. Manhole w/ Frame & Lid
9 48" Dia. Catch Basin w/ Frame & Lid
10 24" Dia. Inlet w/ Frame & Lid
11 15" Conc.Flared End Section, w /End Block
& GaIv. Steel Grate
12 12" Conc.Flared End Section, w /End Block
& GaIv. Steel Grate
13
14
15
16
17
18
Stone Rip -Rap (6" 10 8" Dia.)X12 "Thick
Trench Backtill Material
Straw Bales, Staked
LF
LF
LF
LF
LF
EA
EA
EA
EA
EA
EA
1,223
1,076
1,056
690
3,297
2
29
17
21
$29.00
$22.00
$20.00
$17.50
$16.50
$1,700.00
$2,300.00
$980.00
$1,180.00
$520.00
$900.00
$35,467.00
$23,672.00
1,223
$29.00
$21,120.00
$12,075.00
$54,400.50
$1,700.00
1,076
1,056
690
3,297
1
$22.00
820.00
$17.50
$16.50
$35,467.00
$23,672.00
$21,120.00
$12,075.00
$54,400,50
$4,600.00
$28,420.00
$20,060.00
$10,920.00
$2,700.00
2
29
17
21
81.700 00
$2,300.00
$980.00
$1,180.00
$1,700 00
$4,600.00
1,223 ✓ $29.00
1 ,076 4, $22 00
1,056 ~ $20.00
690j/ $17,50
3,297./ : $16.50
$28,420.00
Connect to Exist. Manhole
Restrictor Plate w Opening
Catch Basin Trap
EA
SY
CY
EA
EA
EA
EA
2
24
$625.00
190
280
$36.00
$15.80
$10.30
$1,250.00
$864.00
0
$520.00
$900.00
$625.00
1
$550.00
2
2
$250.00
$550.00
$3,002.00
$2,884.00
$550.00
$500.00
$1,100.00
190
0
1
$36.00
$15.80
$10.30
$550.00
2
$250.00
TOTAL STORM SEWER $225,284,50
Page 4 of 5
$550.00
$20,060.00
$10,920.00
$2,700.00
$1,250.00
$0.00
$3,002.00
1 4, $1,70000
2 � $2,300.00
29 v ' , $98000
17 b $1180.00
21 v $520 00
$900,00
2 $625.00
$35,467.00
823,672,00
821,120.00
$12,075 00
$51.400.50
$1,700 00
1.4,600 00
$28,420 00
$20,060.00
810,920 00
$2.700 00
$0.00
0 $36.
190 V" $15.80 00
$550.00
$500.00
$1,100.00
$221,536,50
0 810.30
1 7, $550.00
2 ✓/$250.00
2 l' $550.00
$1,250 00
$0.00
$3,002.00
$0.00
$550 00
$500.00
$1.100 00
$221,536.50
Mayfair Estates
Lemont, Illinois
G'2001 01. 17r \Cost Lsli l ale4l YlauEslalesEnyros1121102. I5I1OC Redo ;Iron 'leg .2
. Job#01 -176
REQUESTED REDUCTION AS OF SEPTEMBER 15, 2003
LETTER OF CREDIT AND REDUCTION REQUEST
NO.
ITEM
UN
QUANTITY
UNIT COST
TOTAL AMOUNT
LOC REDUCTION REQUEST 11
rfV TOTAL AMOUNT
COMPLETED
QUANT
COMPLETED
MISCELLANEOUS
1 5' Public Walk
2 Parkway Trees
UNIT COST
LOC REDUCTION REQUEST #2
CTY TOTAL AMOUNT
UNIT COST COMPLETED
OUANT
COMPLETED
GRADING
PAVING
STREET LIGHTING
SANITARY SEWER
WATER MAIN
STORM SEWER
MISCELLANEOUS
LF 7,700 $12.50
EA 194 $350.00
TOTAL MISCELLANEOUS
$96,250 00
$67.777.50
$164,027.50
$12.50
$350.00
$0.00
$0.00
$12.50
$350.00
1 SUMMARY 1
$271,854.50
$392,829.71
$51,707.50
$179 274.20
$173,095.60
$225.284.50
$164,027.50
SUMMARY
$0.00
$189 635.00
$0.00
$o. 00
$0.00
SUMMARY
$0.00
$0.00
$179,274.20
$173,095.60
$221,536.50
TOTAL =
25% CONTINGENCY =
$1,458,073.51
TOTAL WORK COMPLETED
ORIGINAL LOC TOTAL =
$364,518.38
$1,822,591.89
$0.00
$763,541.30
TOTAL WORK COMPLETED =
25% CONT. ON COMP. WORK
REDUCTION REQUEST =
7;;(/
(,,,12(1)))c..)/i9 )O7
6 V1,5 /t
$763,541.30
REMAINING LOC
TOTAL REDUCTION REOUES
THIS REQUEST =
$201,150.00
$332,483.06
$0.00
$179, 274.20
$173,095.60
$221,536.50
$0.00
51,107,539.36
5276,884.84
$1,384,424.20
5620,882.90
EMAINING LOC =
$1,059,050.59 $438,167.69
\; Total Work Completed + 25% Contingency -
Previous Reduction.
Page 5 of 5
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