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R-52-08 - Authorizing Release of Letter of Credit for 903 East Street ExtensionVILLAGE OF LEMONT RESOLUTION NO. g. sa `ok A RESOLUTION AUTHORIZING THE RELEASE OF THE LETTER OF CREDIT FOR 903 EAST STREET EXTENSION APPROVED BY THE PRESIDENT AND THE BOARD OF TRUSTEES OF THE VILLAGE OF LEMONT THE 25th DAY OF AUGUST, 2008 PUBLISHED IN PAMPHLET FORM BY AUTHORITY OF THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL AND DuPAGE, ILLINOIS, THIS 25th DAY OF AUGUST, 2008 RESOLUTION NO. R -'j A RESOLUTION AUTHORIZING THE RELEASE OF THE LETTER OF CREDIT FOR 903 EAST STREET EXTENSION 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, on behalf of Mr. Andrew Fudala and Mrs. Margaret Fudala Letter of Credit (LOC) #2005 -364 was issued by State Bank of Countryside in the amount of $46,000.00 and was deposited with the Village in August 26, 2005 to guarantee costs associated with the extension of East Street to the Fudala property at 903 East Street; and WHEREAS, the Village Engineer and the Community Development Director subsequently determined the fair and appropriate share of Mr. and Mrs. Fudala's costs of the East Street extension to be $15,587.49; and WHEREAS, on behalf of Mr. and Mrs. Fudala the State Bank of Countryside has issued cashier's check No. L018856 to the Village of Lemont in the amount of $15,587.49 for said share of construction costs. NOW, THEREFORE BE IT RESOLVED by the President and Board of Trustees of the Village of Lemont that Letter of Credit # 2005 -364 is hereby released. PASS AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL, AND DuPAGE, ILLINOIS, on this 25th day of August, 2008. Debby Blatzer Peter Coules Clifford Miklos Brian Reaves Ron Stapleton Jeanette Virgilio AYES NAYS PASSED ABSENT 7 ATTEST: CHATLENE M. SMOLLEN, Village Clerk APPROVED by me this 25th day of August, 2008. �f�Ii • N F. PIA ' A, Vil . = 'lnident Village of Faith Mayor John F. Piazza Village Clerk Charlene M. Smollen Trustees Debby Blatzer Peter Conies Clifford Miklos Brian Reaves Ronald Stapleton Jeanette Vutilo Administrator Gary C. Holmes Administration phone (63o) 257 -1590 fax (630) 243-0958 Building Department phone (630) 257-1580 fax (63o) 257-1598 Community Development phone (63o) 257-1595 fax (630) 257 -1598 Engineering Department phone (630) 257 -2532 fax (63o) 257-3068 Finance Department phone (630) 257-1550 fax (630) 257-1598 Police Department 416 Main Street phone (630) 257 -2229 fax (63o) 257-5087 Public Works 16680 New Avenue phone (630) 257 -1590 fax (630) 243-0958 www.lemont.iLus July 14, 2008 Mr. & Mrs. Fudala 5308 S. Hunt Street Summit, IL 60501 Village of Lemont 418 Main Street *Lemont, Illinois 60439 RE: Your Portion of East Street Extension Project/903 East Dear Mr. & Mrs. Fudala, #146 - og Total Cost of East Street Extension= $15,587.49 Please see attached sheet regarding recalculations. As this amount was actually assessed in April, 2008, we would appreciate your clearing this obligation as soon as possible. Attached please find the associated Resolution (R -30- 04) for your review. As soon as your payment has been verified, we will release Letter of Credit #2005 -346, issued by the State Bank of Countryside on behalf of the Village of Lemont. Thank you for your prompt attention to this matter. VILLAGE OF LEMONT COMMUNITY to : V.1rLOPMENT DEPARTMENT James A. Bro Community D ment Director Encl: Letter from Village Engineer Re: East Street Extension/903 East Street. Dated April 14, 2008 APR.14.2008 14:41 6308870132 NOVOTNY #3757 P.001 /003 Frank Novotny & Associates, Inc. 825 Midway Drive, Willowbrook, IL 60527 Phone: 630/887 -8640* Fax: 630/887 -0132 FACSIMILE TRANSMISSION COVER SHEET To: James Brown Fax: Community Development Director Phone: Affiliation: Village of Lemont From: James L. Cainkar, P.E., P.L.S. Date: April 14, 2008 Re: cc: East Street Extension / 903 East Street Project File 04272 Pages (Including Cover Sheet) QI Urgent 0 For Review & Comment III Please Reply ® For Your Information ■ As Requested Dear Jim: After our meeting with the Fulala's of 903 East Street, perhaps a more fair assessment to them, for the street work, would be as follows: 6SFeet(Fudala L.otWidth) =15.26% x $102,158.00 = $15,587.49 426Feet( Total Length of all Lots (This method of calculation has the Fulala's paying for their fair share of the Short Street right -of -way work on a pro -rata basis.) Please process as you see fit. Thanks! Jim Cainkar /debi ROHM If all pages of this fax are not received or if you have any questions, please call. FU-Ctsaj-Q--- Ma4 vAJE `• A-K-hrgev-ek) (7 00261- - OTT+ ��-- C 1. 4) 20 3 — ,3_7 t Frank Novotny & Associates, Inc. 825 Midway Drive, Willowbrook, IL 60527 Phone: 630/887-8640* Fax: 630/887 -0132 FACSIMILE TRANSMISSION COVER SHEET To: Ben Wehmeier, Assistant Village Adm. Fax: Affiliation: Village of Lemont Phone: Frorn: James L. Cainkar, P.E., P.L.S. Date: December 6, 2006 Re: East Street Extension/903 East Street ' cc: Jean Nona, Treasurer Pages: 1 (Including Cover Sheet) Dan Fielding, Director of Public Works Jim Brown, Comm. Devel. Dir. John Antonopoulos, Esq. Gary C. Holmes, Administrator Proiect Files 04274 Ben: Now that we know that the East Street Extension project will cost $102,158.00, we need to send a bill to Mr. & Mrs. Fudala, 5308 South Hunt Avenue, Summit, IL 60501 (phone: 708/458 -8904) for their share of the street, as follows: 98 feet(Fudaia0bligation) = 30.25% x $102,158.00 = $30,899.64 324 feet( Total Pr oject length ) Thus, the remaining Tots on East Street should be assessed per front foot as follows: $71,250.36( balance) 361 feet Total Front Footage $197.39 per front foot. We can collect from Mr. Fudala now, but whom do you want to send the invoice? A Recapture Ordinance needs to be passed. Thanks! Jim Cainkar Urgent 17 For Review & Comment El As Requested Please Reply For Your Information o ❑ ❑ Ben: Now that we know that the East Street Extension project will cost $102,158.00, we need to send a bill to Mr. & Mrs. Fudala, 5308 South Hunt Avenue, Summit, IL 60501 (phone: 708/458 -8904) for their share of the street, as follows: 98 feet(Fudaia0bligation) = 30.25% x $102,158.00 = $30,899.64 324 feet( Total Pr oject length ) Thus, the remaining Tots on East Street should be assessed per front foot as follows: $71,250.36( balance) 361 feet Total Front Footage $197.39 per front foot. We can collect from Mr. Fudala now, but whom do you want to send the invoice? A Recapture Ordinance needs to be passed. Thanks! Jim Cainkar Village of Lemont Village of Faith December 12, 2007 Mayor John F. Piazza Village Clerk Charlene M. Smollen Trustees Debby Blatzer Peter Cowles Clifford Miklos Brian Reaves Ronald Stapleton Jeanette Virgilio Administrator Gary C. Holmes Administration phone (630) 257 -1590 fax (630) 243 -0958 Building Department phone (630) 257 -1580 fax (630) 257 -1598 Community Development phone (630) 257.1595 fax (630)257 -1598 Engineering Department phone (630) 257 -2532 fax (630)257 -3068 Finance Department phone (630) 257 -1550 fax (630) 257 -1598 Police Department 416 Main Street phone (630) 257 -2229 fax (630) 257 -5087 Public Works 14574 127th Street phone (630) 257 -2532 fax (630) 257 -3068 www.lemont.il.us 418 Main Street • Lemont, Illinois 60439 #276 -07 Invoice Amount due: $30,899.64 To: Mr. & Mrs. Fudala 5308 S. Hunt Street Summit, IL 60501 Re: Your Portion of East Street Extension Project /903 East, as illustrated: Total Cost of East Street Extension = $102,158.00 98 feet (Fudala Obligation) 324 feet (Total project length) = 30.25% x $102,158.00 = $30,899.64 As this amount was actually assessed in December, 2006, we would appreciate your clearing this obligation as soon as possible. Attached please find the associated Resolution (R- 30 -04) for your review. As soon as your payment has been verified, we will release Letter of Credit #2005 -364, issued by the State Bank of Countryside on behalf of the Village of Lemont. Thank you for your prompt attention to this matter. VILLAGE OF LEMONT COMMUNITY DEVELOPMENT DEPARTMENT RESOLUTION ' ,3171 Li A RESOLUTION APPROVING VARIATIONS AND WAIVERS OF THE LEMONT SUBDIVISION REGULATIONS, ORDINANCE #456 ( Lot 12 in Lemont Gardens, or 903 East Street) WHEREAS, Margaret and Andrew Fudala are the owners (hereinafter known as petitioner) is the owner of the subject property consisting of approximately .25 acres, lot 12 in Lemont Gardens, (commonly known as 903 East Street), and legally described as: Lot 12 in Lemont Gardens, a subdivision of lots 13 and 14 in County Clerk's Division of Section 29, Township 37 North, Range 11, East of the Third Principal Meridian, in Cook County, Illinois; and WHEREAS, the petitioner has requested variations of the Subdivision Regulations to construct a single family dwelling on the subject property; and WHEREAS, the Lemont Plan Commission reviewed the proposed variations of the Subdivision Regulations as provided in Section XVI of Ordinance 456 and recommends approval; and WHEREAS, the petitioner prepared an engineering drawing illustrating a street extension, temporary "tee" turnaround and storm sewer public improvements within existing unimproved right -of -way, attached hereto and made a part hereof as "Exhibit B "; and WHEREAS, the President and Board of Trustees have determined that the approval of the specified engineering plan, and variations of the Subdivision Regulations, Ordinance #456, shall be in the best interest of the Village; and NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees that the requested relief shall consist of the following: Section 1. Street construction shall not be required within the Short Street right of way east of East Street, including waiver of public sidewalk and parkway trees along Short Street. Section 2. No additional street lights attributable to construction of the dwelling on Lot 12 shall be required. Section 3. The extension of East Street shall be required along the entire frontage of Lot 12 and shall terminate in a "Tee" turnaround at approximately the center line of Short Street. Section 4. Site improvements shall be constructed in general conformance with the "Site Grading Plan" prepared by Edward W. Podczerwinski, P.E., last revised May 8, 2004. Section 5. The applicant shall provide a financial guarantee for the street construction as provided in the Subdivision Regulations. PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL, AND DuPAGE, ILLINOIS, on this 24'h day of May, 2004. AYES NAYS ABSTAIN ABSENT Debby Blatzer V Peter Coules V Brian Reaves V Steve Rosendahl Ron Stapleton Jeanette Virgilio Attest: Approved by me this 24th day of May, 2004. HARLENE SMOLLEN, Village Clerk ARIL:SCOMMUNITY DEVELOPMENT DEPTCASE FILESO001W.03 • Shon & Eul S19lkut tamp! BELL OAKS RECAPTURE BELL OAK DEVELOPMENT -CORP. F.O. 80X 755 LEMONT , ' I L . 60439 708-257-2233 DAY 708 - 257 -2987 EVE APRIL 30, 1990 Village of Lemont 418 Main St. Lemont, I1. 60439 Mr. Doug Blocker, Enclosed you will find the Real Estate Tax Numbers for the Recapture Ordinance on East St. We have also enclosed the exact length of the frontages of each lot to get an accurate recapture cost. Lot# Real Estate Tax# Frontage on East St. 09 22- 29- 225 -022 181 f t . 10 22- 29- 232 -003 67f t : 11 22-29-232-002 651 t . 12 elto . 22- 29- 232 -001 651 t 13 22 -29 -219 -, 0A *OJ 1811t.' 14 22 -29- 218 -025 70ft. 15 22 -29 -218 -026 55ft. 16 22 -29- 218 -027 531 t . TOTAL FRONTAGE FEET 739FT. TOTAL COST Recapture ost $ 12,853.6 $ 4,758.0 $ 4,615.97' $ 4,615.97 $ 12, 853.69 A `' - $ 4,971.04 $ 3,905.82 $ 3, 905 ..82 $ 52,480.00 By using the formula that Mike Cap provided we come out with these computat!ior,s . EXAMPLE: Lot Frontage 181 Serv.it :e Length 1'h_.irtk • T.J k:ardas X fatal Cost. s: 52, 480.00 739 --. ORDINANCE #666 ADDRESS: PERMIT NO. OWNER /CONTRACTOR PAID = 12,853.69 AMOUNT ....... • �v . •{R lletSTATE BANK OF COUNTRYSIDE yemberFDIC "We Make Excellence a Habit." II Village of Lemont John F. Piazza, President 418 Main Street Lemont, IL 60439 Village of Lemont: August 26, 2005 Re: Irrevocable Standby Letter of Credit #2005 -364 Applicant: Andrew Fudala Margaret Fudala We hereby establish in your favor our Irrevocable Standby Letter of Credit #2005 -364 in the amount of $46,000.00 which is available with us by sight payment against presentation of your drafts) at sight, drawn on us bearing the clause "Drawn under State Bank of Countryside, a National banking association, Countryside, Illinois, Credit Number #2005 -364 and accompanied by your signed statement on your letterhead reading as follows: "Andrew and Margaret Fudala have failed to make the required improvements as per agreement with the Village of Lemont ". This Irrevocable Standby Letter of Credit #2005 -364 shall expire on August 26, 2006 except that 30 days prior to expiration we shall notify the Village of Lemont by registered letter, return receipt requested, of the impending expiration date. This commitment shall not terminate without such notice. If the work covered by this commitment has not been completed within the time set forth, the Village may, at its option, continue drawing on the letter for an additional six month period. Upon completion and acceptance of the street on the property described below, the Village of Lemont will no longer require said Letter of Credit. LOT 12 IN LEMONT GARDENS, A SUBDIVISION OF LOTS 13 AND 14 1N COUNTY CLERK'S DIVISION OF SECTION 29, TOWNSHIP 37 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS This documentary credit is subject to the "Uniform Customs and Practice for Documentary Credits" (1983 revision), International Chamber of Commerce Publication No. 400. State Bank of Countryside By: Dougla .Oldfield Assi nt Vice Pres • ent ( o/I/rlrv.sicic 70,ti-- I, -3 I OO • Brrnc1r/1I' • Oar • Orlcl11c/ Park • Chicago a o 705- V9 -9 6() (�iO (� 5 � 1l.i 7(67,?-1-1S,5 77_, 75.5 1.500 www.statebankofcountrvside.com