R-25-07 02/26/2007VILLAGE OF LEMONT
RESOLUTION No. k`Q2S`-0#7
A RESOLUTION AUTHORIZING ACCEPTANCE OF PUBLIC IMPROVEMENTS
FOR COVINGTON KNOLLS SUBDIVISION UNIT 6 -A
ADOPTED BY THE
PRESIDENT AND THE BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT
THIS 26TH DAY OF FEBRUARY, 2007
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 26TH DAY OF
FEBRUARY, 2007
VILLAGE OF L MONT
RESOLUTION No. ,Q,'"? 7
A RESOLUTION AUTHORIZING ACCEPTANCE OF PUBLIC IMPROVEMENTS
FOR COVINGTON KNOLLS SUBDIVISION UNIT 6 -A
WHEREAS, the Village of Lemont has adopted Ordinance 456, the Subdivision Regulations
of the Municipal Code, to provide for the orderly growth of the Village and those territories within
one and one half miles of the corporate limits; and
WHEREAS, in accordance with Section X of the Subdivision Control Ordinance, the
Village Board of Trustees shall consider requests to accept public improvements upon completion of
same; and
WHEREAS, Gallagher & Henry, the developer of property known as "Covington Knolls
Subdivision, Single Family Unit 6 -A ", has submitted a bill of sale and has petitioned the Village for
acceptance of the public improvements in said subdivision; and
WHEREAS, Village Staff and Village Engineer have reviewed Covington Knolls
Subdivision, Single Family Units 6 -A improvements for compliance with approved plans, the
Lemont Subdivision Control Ordinance, and the Covington Knolls Consent Decree, and
recommended approval of the request for Unit 6 -A; and
WHEREAS, Gallagher and Henry submitted one Letter of Credit for Units 6 -A, and 6 -B and
as such, the Village agrees to a 10% reduction to the original Letter of Credit S544027 held to
guarantee installation of the public improvements for both, with conditions for acceptance; and
NOW, THEREFORE, BE IT RESOLVED, that the Village of Lemont President and
Board of Trustees hereby accept Covington Knolls Subdivision Single Family Unit 6 -A, in
accordance with the terms of the approved plans, the Lemont Subdivision Control Ordinance, and
the Consent Decree with the following conditions:
Section 1: Letter of Credit No. S544027 shall be reduced to 10% of its original value of
1,475,003.80, or to the amount of $147,500.04;
Section 2: Letter of Credit No. S544027 will not be released until the submission of the
two -year maintenance bond or letter of credit for Unit 6 -B in the amount of 20% of the engineer's
original estimate of cost.
Section 3: A bill of sale must be provided.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, DuPAGE AND WILL,
ILLINOIS, on this 26th day of February, 2007.
AYES NAYS ABSTAIN ABSENT
Debby Blatzer
Peter Coules
Clifford Miklos
Brian Reaves
Ron Stapleton
Jeanette Virgilio
Attest:
Approved by me this 26th day of February, 2007.
JOHN F. ' IAZZA, Vill . ge P
CHARLENE SMOLLEN, Village Clerk
ent
MA COMMUNITY DEVELOPMENT DEFT 1200 - DEVELOPMENf1270 - Letters ofCredit\2007 Resolutions LOC\Covington Knolls SF Units 6 wpd