R-04-08 01/14/2008VILLAGE OF LEMONT
RESOLUTION NO. R -O N - 6
RESOLUTION AUTHORIZING LETTER OF CREDIT REDUCTION
FOR ASHBURY WOODS III SUBDIVISION
ADOPTED BY THE
PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT
This 14`" day of January, 2008.
Published in pamphlet form by
authority of the President and
Board of Trustees of the Village of
Lemont, Cook, Will and DuPage Counties,
Illinois on this 14th day of January, 2008.
RESOLUTION NO. IR 0 4- ®g
RESOLUTION AUTHORIZING LETTER OF CREDIT REDUCTION
FOR ASHBURY WOODS III 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 Ashbury Woods III subdivision, located west of Ashbury
Woods Subdivision, an Irrevocable Letter of Credit #SBY/07/30414 from First American Bank in
the amount of $976,253.54 was deposited with the Village of Lemont on September 10, 2007; and
WHEREAS, Don Stevens, President of Donven Homes, has made application for a
reduction of the Irrevocable Letter of Credit #SBY /07/30414; and
WHEREAS, the Village Engineer has inspected certain portions of the improvement and
has found these portions to have been satisfactorily installed, resulting in his recommendation of a
reduction of $610,756.36 to a balance of $365,767.18.
NOW, THEREFORE BE IT RESOLVED by the President and Board of Trustees of the
Village of Lemont that Letter of Credit #SBY/07/30414, for Ashbury Woods III Subdivision, is
hereby reduced to $365,767.18
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 14th day of January, 2008.
Debby Blatzer
Peter Cowles
Clifford Miklos
Brian Reaves
Ron Stapleton
Jeanette Virgilio
AYES NAYS PASSED ABSENT
V
S
v
V
APPROVED by me this 14"' day of January, 2008.
JOH F. PIAZZA, ilia: resident
ATTEST:
CHARLENE M. SMOLLEN, Village Clerk
M;ROMMUNII'Y DE■ ELOPMENi DEPIWG• DEVELOPMENTTIU. Lat<a CreECnooB hb n}f.()C &dutd
2
Engineers:
Municipal Consultants
Nnnnk Novotny ct- Associates, Inc.
825 Midway Drii v 1Villowbrook, IL 0 60.5>7 7'I c+kphonr : (630) 887 -8640 <Far (630) 887- OI32
January 7, 2008
Mr. James Brown
Community Development Director
Village of Lemont
418 Main Street
Lemont, Illinois 60439
Re: Ashbury Woods — Unit 3
Letter of Credit Reduction
Dear Jim:
Attached please find correspondence from Donven Homes and Asbury Woods
Development, LLC., pertaining to a request for a reduction in the Letter of Credit for the
above - captioned Subdivision. I have reviewed the attached and recommend the following
balance be maintained in the Letter of Credit.
Remaining Balance
Maintenance Balance Provision
$246,585.24 X 115% = $283,573.03
$821,941.48 X 10% = 82,194.15
Required L.O.C. Balance $365,767.18
Should you have any questions concerning this matter, please do not hesitate to contact
me.
Very truly yours,
FRANK
VOTNY & ASSOCIATES, INC.
es L. Cainkar, P.E., P.L.S.
JLC /debi
Enclosure
cc: Mr. Gary C. Holmes, Administrator, w /Enc.
Mr. Dan Fielding, Director of Public Works, w /Enc.
Project File No. 06232
[M106232 JBrown Letter of Credit Reduction 010708.doc]
ASHBURY WOODS DEVELOPMENT, LLC.
January 07, 2008
Mr. Jim Brown
Community Development Director
Village of Lemont
418 Main Street
Lemont, Illinois 60439
Re: Reduction in Letter of Credit
ASHBURY WOODS, Unit 3 Subdivision
Dear Jim,
Regarding our Letter of Credit renewal for ASHBURY WOODS, Unit 3, I am
submitting the following:
Copy of the Engineer's Estimate that the original Letter of Credit is based
on, marked up to indicate the amounts for site work still remaining to be
done. The unfinished work consists primarily of final surface course paving,
parkway trees, streetlights, public walks and detention basin sod /walls.
With the above site improvements remaining to be completed, we are
requesting that the amended Letter of Credit be reduced from the original
$976,523.54 to a new amount of $369,876.46.
A copy of this letter as well cis the estimate reduction prepared by our
engineer (IG Consulting) is also being sent to Jim Cainkar and Lynn Stratton
for their use.
6428 Joliet Road • Countryside, IL 60525 • Phone 708.482.0860 • Fax 708.482.0860
page 2 of 2
Please review at your earliest convenience in order to approve the
appropriate reduction for our amended Letter of Credit from First
American Bank.
Thank you for your cooperation.
Very truly yours,
ASHBURY WOODS Development, LLC
Donald A. Stevens
Member
Cc: Jim Cainkar, Village Engineer
Kevin Lewis, TG Consulting
Lynn Stratton, Community Development
•
Consulting, Inc.
ASHBURY WOODS
LEMONT, ILLINOIS
ENGINEER'S OPINION OF PROBABLE CONSTRUCTION COST
:1 -37. • : : : P. . . . .
1.5" BITUMINOUS CONCRETE SURFACE COURSE
1.5" BITUMINOUS CONCRETE BINDER COURSE
6" BITUMINOUS AGGREGATE MIXTURE(MS 1500)
4" CA-6 BASE COURSE
M 3-12 CURB AND GUTTER
5" PCC SIDEWALK
Consulting Civil Engineers • Planners • Land Surveyors
PROJECT NO: 5118
DATE: 07/1112007
Page 1 of 3
Revised for LOC reduction: 12/10/07
• :::::::: • . .
•
4,097 S.Y. $3.92 516,060.24 $16,060.24 $2,409.04 $18,469.25
4,097 S.Y. 4.22 17,289.34 $0.00 $2,593.40 62,59340
4,097 S.Y. 11.75 45,139.75 $0.00 $7,220.96 $7,220.96
4,097 S.Y. 4.60 18,846.20 $0.00 $2,826.93 $2,826.93
2,723 L.F. 12.50 34,037.50 50.00 $5,105.63 $5,105.63
15,898 S.F. 3.00 47,694.00 547,694.00 $7,154.10 554,848.10
SUBTOTAL: $182,067.03 563,754.24 $27,310.05 591,064.29
2'41 • • SANITARY•SEWER •••• •.:: :•••:•: .•••:••• •• • • :
8" SDR 26 PVC SANITARY SEWER
48" SANITARY MANHOLE
SANITARY 6" PVC SDR 26 SERVICE
TRENCH BACKFILL
CLEANOUT
:•: : :WATER:MAIN :•: : : : : :•: :•: : :
8" DIP CL 52 WATER MAIN
1.5" TYPE K COPPER WATER SERVICE
FIRE HYDRANT
PRESSURE CONNECTION IN 60" VAULT
8" GATE VALVE IN 60" VAULT
B-BOX
TRENCH BACKFILL(SERVICE)
TRENCH BACKFILL
1,697 L.F. $30.00 $50,910.00 $0.00 $7,636.50 $7,636,50
10 EA 1,800.00 18,000.00 50.00 $2,700.00 52,700.00
1,310 L.F. 20.00 26,200.00 60.00 $3,930.00 $3,930.00
670 L.F. 11.00 7,370.00 50.00 $1,105.50 51,105.50
39 EA. 150.00 5,850.00 $5,850.00 5877.50 $6,727.50
SUBTOTAL: $108,330.00 65,850.00 616,249.50 522,099.50
1,810 L.F. $25.00 $45,250.00 $0.00 $6,787.50 $6,787.50
2,284 L.F. 15,00 34,260.00 50.00 $5,139.00 $5,139.00
7 EA. 1,900.00 13,300.00 50.00 $1,995.00 $1,995.00
1 EA. 5,500.00 5,500_00 60_00 $825.00 5825.00
4 EA. 2,500.00 10,000.00 50.00 51,500.00 51,500.00
39 EA. 300.00 11,700.00 50.00 $1,755.00 $1,755.00
488 L.F. 11.00 5,368.00 50.00 $805.20 5805.20
864 L.F. 11,00 9,504.00 50.00 51,425.60 $1,425.60
SUBTOTAL: $134,882.00 50.00 $20,232.30 520,232.30
300 Marquardt Drive, Suite 101, Wheeling, IL 60090
847.215.1133 • e-mail: ia@iaconsultina net • F• A A7 91R 1177
ASHBURY WOODS
LEMONT, ILLINOIS
ENGINEER'S OPINION OF PROBABLE CONSTRUCTION COST
' STORM SEWER -
----
24" INLET WITH GRATE
48" CATCH BASIN
60" CATCH BASIN W/RESTRICTOR
48" MANHOLE
12" FLARED END SECTION
15" FLARED END SECTION
18" FLARED END SECTION
21" FLARED END SECTION
24" FLARED END SECTION
12" RCP SEWER
15' RCP SEWER
18" RCP SEWER
21" RCP SEWER
12'' HDPE SEWER
15" HDPE SEWER
24" HDPE SEWER
6" SDR 26 PVC SEWER
10" SDR 26 PVC SEWER
6" PERFORATED UNDERDRAIN
TRENCH BACKFILL
PROJECT NO: 5118
DATE: 07/11/2007
Page 2 of 3
Revised for LOC reduction: 12/10/07 .
--- ---- --- -
.:.:-:':.:•:-:QTY:::::::•:::::::PNI.T::::::::PNO::::::*::-AMOUNT::::::::::::RP.ANNINP.:::::1§%:PO::::::::::!:.PP:B010:::::
---- --
12 EA. - 5800.00 59,600.00 $0.00 $1,440.00 51,440.00
24 EA. 1,400.00 33,600.00 60.00 65,040.00 $5,040.00
3 EA. 2,295 00 6,885.00 $0.00 $1,032.75 $1,032.75
14 E.A. 1,300.00 18,200.00 60.00 62,730.00 52,730.00
2 EA. 750.00 1,500.00 60.00 $225.00 5225.00
3 EA. 850.00 2,550.00 60.00 $382.50 5382.50
1 EA. 950,00 950.00 60.00 614250 $142.50
1 EA 1,050.00 1,050.00 60.00 5157,50 6157.50
1 EA. 1,150.00 1,150.00 60.00 $172.50 $172.50
683 L.F. 21.00 14,343.00 50.00 $2,151.45 $2,151 45
378 L.F. 25.00 9,450.00 $0.00 51,417.50 61,417 50
172 L.F. 27.00 4,644.00 60.00 669660 5696 60
98 L.F. 29.00 2,842.00 60.00 5426.30 542630
1,287 L.F. 10.00 12,870.00 50.00 $1,930 50 61,930.50
465 L.F. 12.50 5,812.50 60.00 5871.88 6871.58
309 L.F. 24.00 7,416.00 60.00 51.112.40 $1,112.40
40 L.F. 15.10 644.00 $0.00 $96.60 596.60
413 L.F. 24.50 10,118.50 $0.00 $1,517.78 $1,517.78
551 L.F. 14.00 7,854.00 5000 $1,175.10 $1,178.10
556 L.F. 11.00 6,116.00 60.00 6917.40 6917.40
SOIL:ErkeistON
STAKED SILT FENCE
INLET PROTECTION FILTERS
EROSION CONTROL BLANKET
CONSTRUCTION ENTRANCE (12" STONE)
RIP-RAP
SUBTOTAL: 5157,595.00 $0.00
$23,639.25 523,639.25
OTY -UNIT. : : AMOUNT -REMAMING .:164".1.06 LoCiita-lance.
2301 L.F. 61.50
39 EA. 20.00
774 S.Y. 1.25
36.3 C.Y. 11.50
5 C.Y. 20,00
$3,451.50
760.00
967.50
417.45
120.00
SUBTOTAL: 55,736.45
50.00 $517.73
60.00 $117.00
$0.00 $145.13
50.00 $62.62
$0.00 618.00
$0.00 5860.47
$517.73
$117.00
$145,13
562.62
$18.00
$860.47
ASHBURY WOODS
LEMONT, ILLINOIS
ENGINEER'S OPINION OF PROBABLE CONSTRUCTION COST
.... ... ....................
::6.0 : .. :EIGHTINGAND.SIGR:
STREET LIGHTS
•
PROJECT NO: 5118
DATE: 07/11/2007
Page 3 of 3
Revised for LOC reduction: 12/10/07 -
:QTYi:- UNIT . PRICE '.:AMOUNT :::::REMAINING 15 /0LOC : LOC Balance':>
4 EA. $3,500.00 $14,000.00 $14500.00 $2,100.00 $16,100.00
SUBTOTAL: 614,000.00 $14,000.00 $2,100.00 $16,100.00
QTY: • : : UNIT :• :PRICE: :AMOUNT . :: REMAINING 15 ✓.BLOC LOO Balance
TOPSOIL STRIPPING TO STOCKPILE
TOPSOIL RE- SPREAD FOR PONDS
CLAY CUT /EXCAVATION TO STRUCT. FILL
11,500 C.Y. 62.50
2,000 C.Y. 1.25
6,900 C.Y. 4.00
8-0 LANDSCAPING
SUBTOTAL:
$28,750.00
2,500.00
27,600.00
60.00 $4,312.50 $4,312.50
$2,500.00 $375.00 $2,875.00
60.00 $4,140.00 64,140.00
$58,850.00 $2,500.00
$8,827.50 $11,327.50
AMOUNT::::
QTY ` UNtT � � PRIGE AMOUNT �: REMAINING 1$h:LOC LOO Balance
PARKWAY TREES, 2 -1/2" DIA.
DETENTION AREA SOD
e -0 ? :: RETAINING WALLS:
RETAINING WALL DESIGN & INSTALLATION
G \IG\5151181COST ESTIMATEILOC REDUCTION.xis
45 EA. $400.00 618,000.00 618,000.00 62,700.00 $20.700.00
1,750 S.Y. 3.50 6,125.00 66,125.00 6918.75 $7,043.75
SUBTOTAL: 624,125,00 $24,125.00 $3,618.75 $27,743.75
ut,o- : AMOUNT
QTY', UNIT P.RIOE AMOUNT REMAINING is%.LOC LOG Balance
6198 F.F $22.00
6136,356.00 $136,356.00 $20,453.40 5156,809.40
SUBTOTAL: 5136,356.00 $136,356.00 $20,453.40 6156,609.40
GRAND TOTAL $821,941.48 6246,585.24
123,291.22
$369,876.46
vs pFESS /pNI�
Gary D. Pared gsk.' m
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