R-51-24 Authorizing a Reduction of a Letter of Credit for Lenny's Gas N Wash Archer, LLCk-5-1,2-
7j418 Main Street I Lemont, IL 60439
TO: Village Board Meeting
FROM: Jason Berry, Community Development
THROUGH:
SUBJECT: A Resolution Authorizing a Reduction of a Letter of Credit for Lenny's Gas
N Wash Archer, LLC
DATE: July 22, 2024
SUMMARY/BACKGROUND
Leonard McEnery, on behalf of Gas N Wash, has requested a reduction in their Letter of Credit for
improvements at the Gas N Wash fuel center (Lot 1 in Colton Subdivision) from $847,130.00 to
$115,972.70. This is the first reduction request.
ANALYSIS
The Letter of Credit reduction is consistent with Section 17.23.020.F.2 of the Unified
Development Ordinance (UDO). The reduction request has been reviewed and accepted by
the Village Engineer
Consistency with Village Policy
STAFF RECOMMENDATION
Approve the Resolution.
BOARD ACTION REQUESTED
Motion to Approve the Resolution.
ATTACHMENTS
A Resolution Authorizing a Reduction of a Letter of Credit for Lenny's Gas N Wash Archer,
LLC
VILLAGE OF LEMONT
RESOLUTION
NUMBER R-51 -24
A RESOLUTION AUTHORIZING A REDUCTION OF A LETTER OF
CREDIT FOR LENNY'S GAS N WASH ARCHER, LLC
JOHN EGOFSKE, Village President
CHARLENE M. SMOLLEN, Clerk
JANELLE KITTRIDGE
DAVE MAHER
KEN MCCLAFFERTY
KEVIN SHA UGHNESSY
RICK SNIEGOWSKI
RON STAPLETON
Trustees
Published in pamphlet form by authority of the Village President and Board of Trustees of the Village of Lemont on 1 - ZZ-2024
RESOLUTION NO. R 9 -24
A RESOLUTION AUTHORIZING A REDUCTION OF A LETTER OF
CREDIT FOR LENNY'S GAS N WASH ARCHER, LLC
WHEREAS, pursuant to the Lemont Unified Development Ordinance of 2008 ("UDO"),
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 the Gas N Wash (Colton) subdivision located west of Archer
Avenue in Lemont, CNB Bank and Trust issued an Irrevocable Letter of Credit No. 20231687 in
the amount of $847,130.00 and was deposited with the Village of Lemont to guarantee completion
of subdivision improvements; and
WHEREAS, Leonard McEnery, on behalf of Gas N Wash, the developer of the Gas N
Wash (Colton) subdivision, has completed certain improvements and has requested a reduction
in the aforementioned letter of credit; and
WHEREAS, the Village Engineer of the Village of Lemont has inspected certain portions
of the improvements and has found these portions to have been satisfactorily installed.
NOW, THEREFORE BE IT RESOLVED by the Village President and Board of
Trustees of the Village of Lemont, Cook, Will, and DuPage Counties, Illinois, as follows:
SECTION 1: RECITALS
That the above recitals and legislative findings are found to be true and correct and are
hereby incorporated herein and made a part hereof, as if fully set forth in their entirety.
SECTION 2:
Irrevocable Letter of Credit No. 2023168 is hereby reduced to a balance of $115,972.70.
APPROVED this 2 day of , 2024.
PASSED AND APPROVED BY THE VILLAGE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL, AND
DUPAGE, ILLINOIS, ON THIS � DAY OF , 2024.
VILLAGE PRESIDENT AND VILLAGE BOARD MEMBERS:
AYES: NAYS
Janelle Kittridge
Dave Maher
Ken McClafferty
Kevin Shaughnessy V
Rick Sniegowski
Ron Stapleton
Attest:
Charlene M. Smo e , Vi e Clerk
St OF lF
•� o
`~ SEAL
ABSENT: ABSTAIN:
Approved:
John Egofske, Village President