R-12-25 Authorizing a Reduction of a Letter of Credit for 13467 Main Street (Stojcevski)�,r
418 Main Street I Lemont, IL 60439
TO: Village Board Meeting
FROM: Jamie Tate, Community Development
THROUGH: Jason Berry, CEcD, AICP, Economic & Community Development Director
SUBJECT: A Resolution Authorizing a Reduction of a Letter of Credit for 13467 Main
Street (Stojcevski)
DATE: February 24, 2025
SUMMARY/BACKGROUND
Ile Stojcevski, owner of the property at 13467 Main Street, has a site development permit to
expand their building's parking. This is their second letter of credit reduction and request to go
into the 2-year maintenance period. The reduction was approved by the Village Engineer.
ANALYSIS
Consistency with Village Policy
Lemont 2030 Comprehensive Plan
STAFF RECOMMENDATION
Staff recommends approval of attached resolution.
BOARD ACTION REQUESTED
A motion to approve attached resolution.
ATTACHMENTS
A Resolution Authorizing a Reduction in Letter of Credit for 13467 Main Street (Stojcevski)
13467 Main Street LOC Reduction & Transfer to Maintanance 2.17.2025.pdf
VILLAGE OF LEMONT
RESOLUTION
NUMBER R-_L:�-25
A RESOLUTION AUTHORIZING A REDUCTION OF A LETTER OF
CREDIT FOR 13467 MAIN STREET (Stojeevski)
JOHN EGOFSKE, Village President
CHARLENE M. SMOLLEN, Clerk
JANELLE KITTRIDGE
DA VE 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 z - �7-42025
RESOLUTION NO. R- f 2-- 25
A RESOLUTION AUTHORIZING A REDUCTION OF A LETTER OF
CREDIT FOR 13467 MAIN STREET (Stojcevski)
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 13467 Main Street located north of Main Street in Lemont,
NuMark Credit Union issued an Irrevocable Letter of Credit No. 0250106653 in the amount of
$250,000.00 and was deposited with the Village of Lemont to guarantee completion of
subdivision improvements; and
WHEREAS, Ile Stojcevski, owner of 13467 Main Street, has completed certain
improvements and the Letter of Credit was reduced to $128,706.07 on April 8, 2024 by the
Village Board; and
WHEREAS, Ile Stojcevski, owner of 13467 Main Street, has completed certain
improvements and has requested a 2nd reduction in the aforementioned letter of credit and a
transfer to a 2-year maintenance/observation period; 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. 0250106653 is hereby reduced to a balance of
$19,551.20.
ADOPTED this ) day -of 1" ,( � / ry a rv, 2025.
PASSED AND APPROVED BY THE. VILLAGE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF LEMONT,,._CgUNTIES OF COOK, WILL, AND
DUPAGE, ILLINOIS, ON THIS 2— DAY OF r , 2025.
VILLAGE PRESIDENT AND VILLAGE BOARD MEMBERS:
AYES: NAYS:
Janelle Kittridge
Dave Maher
Ken McClafferty
Kevin Shaughnessy
Rick Sniegowski
Ron Stapleton
Attest:
Charlene M. Smollen, Vill ge Clerk
®` L 1' ��S
ABSENT: ABSTAIN:
1
Approved. -
John Egofske, Village President
HRGreen.
February 17, 2025
Mr. Jason Berry, CEcD, AICP
Economic & Community Development Director
Village of Lemont
418 Main Street
Lemont, Illinois 60439
► 323 AEana Drive
New Lenox, IL 60451
Main 815.462.9324 + Fax 713.965.0044
►HRGREEN.COM
Re: 13467 Main Street Parking Lot Expansion
Letter of Credit Reduction #2 8t: Transfer to 2-Year Maintenance/Observation Period
Dear Jason:
This letter is to certify that I have reviewed the request from Ile Stojcevski, dated 2/12/2024 (should be
2025, typo in the letter), requesting a new letter of credit value for the LOC shown below and concur with
such request. The backup information submitted by Engineering Resource Associates is attached with
this letter.
- LOC #0250106653 (Newmark Credit Union) reduced to $19,551.20.
This development will transfer into the two (2) year maintenance/observation period upon approval by
the Village Board.
Should you have any questions concerning this matter, please do not hesitate to contact me.
Sincerely,
HR GREEN, INC.
Bruce A. Hill, P.E.
Enclosure
cc: Mr. George Schafer, Village Administrator, w/Enc.
Mr. Ralph Pukula, Director of Public Works, w/Enc.
Mr. Jim Begy, P.E., LEED AP BD+C, Building Commissioner, w/ Enc.
Ms. Jamie Tate, AICP, Consulting Planner, w/ Enc.
Ms. Darshana Prakash, Finance Director, w/ Enc.
J:\2023\2303477\Construction\LOC\Reduction #2 & Maintenance Begin for 2.24.2025 Board Meeting\ltr_021725_2303477_13467 Main St—LOC Reduction #2 & Turnover into 2 Year
Maintenance Period.docx
HR Green" I Building Communities. Improving Lives.
Ile Stojcevski
Re: 13467 Main Street, Lemont IL
Dear Village Board of Lemont,
February 12, 2024
I would like to formally request that my LOC be reduced from $128,000 to $19,551.20 based on the
revised EOPC that I have provided. Please let me know if anything further is needed from me at this
time. Below is the Credit Union's information along with my account number where the LOC is
currently being held at.
Thank You,
Ile Stojcevski
Acct # 0250106653
NuMark Credit Union
2380 Caton Farm Road I Crest Hill, IL 60403
Ph:815-668-0523 1 Fax: 815-668-0523 1
NuMarkcu.org
@D
ENGINEERING
RESOURCE ASSOCIATES
www.eraconsultants.com
3S701 West Ave.
Warrenville, Illinois 60555
phone 630.393.3060
fax 630.393.2152
PROJECT: 13467 Main St. BY: KF
LOCATION: Lemont DATE: 7/29/2022
PROJECT #: W20132.00 REVISED: 9/12/2024 (Letter of Credit Reduction)
ENGINEER'S OPINION OF PROBABLE COST FOR PUBLIC IMPROVEMENTS
PERCENT COSTTO
EARTHWORK & EROSION CONTROL
QUANTITY
UNIT
UNIT COST
TOTAL COST
REMAINING
COMPLETE
Rip -Rap
535
S.F.
$10.57
$5,350.00
0%
0.00
Temporary Concrete Washout
1
EACH
$750.00
$750.00
0%
$0.00
Topsoil Stripping (6" Depth)
3,621
S.Y.
$2.00
$7,242.00
0%
$0.00
Earth Excavation(No Haul -Off)
3,550
C.Y.
$7.00
$24,850.00
0%
$0.00
Silt Fence
3,537
L.F.
$3.00
$10,611.00
0%
$0.00
4" Topsoil Respread and Seed (Disturbed Areas)
3,940
S.Y.
$4.00
$15,760.00
0%
$0.00
Inlet Protection ("Catch -All")
14
EACH
$150.00
$2,100.00
0%
$0.00
Tree Removal
6
EACH
$250.00
$1,500.00
0%
$0.00
Erosion Control Blanket
1,775
S.Y.
$3.00
$5,325.00
0%
$0.00
Stabilized Construction Entrance
1
EACH
$1,000.00
$1,000.00
0%
$0.00
SUBTOTAL =
$74,488.00
SUBTOTAL =
$0.00
PERCENT TOTAL COST
VCBMP & DETENTION BASINS
QUANTITY
UNIT
UNIT COST
TOTAL COST
REMAINING
Restrictor Structure
1
EACH
5,000.00
5,000.00
0%
$0.00
Observation Well
4
EACH
$250.00
$1,000.00
0%
$0.00
4" Dia. PVC Underdrain
374
L.F.
$45.00
$16,830.00
0%
$0.00
12" Dia. PVC Storm Sewer
132
L.F.
$35.00
$4,620.00
0%
$0.00
Connect to Existing
1
EACH
$2,000.00
$2,000.00
0%
$0.00
Flared End Section
2
EACH
$750.00
$1,500.00
0%
$0.00
Geotextile Filter Fabric
3,698
S.Y.
$0.65
$2,403.70
0%
$0.00
VCBMP & Detention Basin Excavation (Haul off)
2,186
C.Y.
$25.00
$54,650.00
0%
$0.00
VCBMP Underground Aggregate Basin CA-7 Stone
740
C.Y.
$15.00
$11,100.00
0%
$0.00
VCBMP Below Detention Basin Soil Media Mix
198
C.Y.
$15.00
$2,970.00
0%
$0.00
Native Plantings "Stormwater Seed Mix"
0.19
ACRE
$6,500.00
$1,235.00
0%
$0.00
Native Plantings "Low -Profile Prairie Seed Mix"
0.25
ACRE
$6,500.00
$1,625.00
0%
$0.00
SUBTOTAL =
$104,933.70
SUBTOTAL =
0. 00
10% MAINTENANCE $19,551.20
15%CONTINGENCY $0.00
TOTAL= $19,551.20
EOPC LOC Reduction.xls Page 1