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R-27-07 02/26/2007VILLAGE OF LEMONT RESOLUTION NO. Q -a-7 ` 01 A RESOLUTION AUTHORIZING ACCEPTANCE OF PUBLIC IMPROVEMENTS FOR COVINGTON KNOLLS SUBDIVISION - SINGLE FAMILY UNIT ONE 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 LEMONT RESOLUTION No. ka7 -o'7 A RESOLUTION AUTHORIZING ACCEPTANCE OF PUBLIC IMPROVEMENTS FOR COVINGTON KNOLLS SUBDIVISION - SINGLE FAMILY UNIT ONE 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 One" 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 Unit One improvements for compliance with approved plans, the Lemont Subdivision Control Ordinance, and the Covington Knolls Consent Decree, and recommended approval of the request with conditions; and WHEREAS, the Village will release Letter of Credit S501645, held to guarantee installation of the public improvements, and since they have been found to be satisfactory, excepting a letter of credit maintenance guarantee for a period of two years from the date of acceptance and certain conditions, listed below. NOW, THEREFORE, BE IT RESOLVED, that the Village of Lemont President and Board of Trustees hereby accept Covington Knolls Subdivision Single Family - Unit One accordance with the terms of the Lemont Subdivision Control Ordinance subject to the conditions listed below: Section 1: Detention basins 1, 2 and 3 are not to be accepted at this time. A provision for future clean-up of these basins must be provided; Section 2: Those portions of Covington Drive, Overton Court, Pendleton Drive, Bennington Court, Camelot Drive and Chelsea Court that are not adjacent to future Single Family Unit 8, must be repaired and resurfaced, and an amount of $300,000 will be added to the maintenance bond amount to ensure this is done; (those portions of these streets that are adjacent to Single Family Unit 8 will be repaired and resurfaced at time of acceptance of Unit 8.) Section 3: An additional $200,000 will be added to the maintenance bond amount to guarantee clean-up and re- sodding of Detention Basin No 1, and thereafter, basins can be accepted after build -out of Unit 7 and Unit 8; Section 4: The total two -year maintenance guarantee shall be posted equal to ten percent of the original estimate of probable cost ($240,870.00) plus the additional $500,000.00 described above, for a total amount of $740,870.00, in the form of a bank letter of credit or maintenance bond; and Section 5: 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 266 day of February, 2007. Debby Blatzer Peter Coules Clifford Miklos Brian Reaves Ron Stapleton Jeanette Virgil Attest: AYES NAYS ABSTAIN ABSENT V J Approved by me this 26th day of February, 2007. JOHN . PIAZZA, ill CHARLENE SMOLLEN, Village Clerk -3- resident