R-55-11 Res Accept Public Imprvmts. Singer LandingVILLAGE OF LEMONT
RESOLUTION NO. �J J °V
A RESOLUTION ACCEPTING ALL
PUBLIC IMPROVEMENTS WITHIN
SINGLER LANDING SUBDIVISION IN LEMONT, IL
ADOPTED BY THE
PRESIDENT AND THE BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT
THIS 25th DAY OF JULY, 2011
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 July, 2011.
RESOLUTION NO.p-Sys -i
A RESOLUTION ACCEPTING ALL
PUBLIC IMPROVEMENTS WITHIN
SINGER LANDING SUBDIVISION IN LEMONT, IL
WHEREAS, pursuant to the subdivision regulations contained within the Lemont Unified
Development Ordinance, 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 Singer Landing Subdivision, generally located at the eastern
terminus of Talcott Avenue in Lemont, Irrevocable Letter of Credit No.FGAC -06290 issued by
Fidelity Guaranty and Acceptance Corp on October 4, 2006, in the amount of $104,233.85, was
deposited with the Village of Lemont to guarantee completion of public improvements in said
subdivision; and
WHEREAS, on the 28th day of February, 2011, the President and the Board of Trustees of
the Village of Lemont reduced said letter of credit per Resolution R -15 -11 to $30,000.00; and
WHEREAS, Lennar Communities of Chicago, LLC, the owner and developer of said
subdivision, requested acceptance of Singer Landing Subdivision and the release of said Letter of
Credit; and
WHEREAS, authorized engineer of the Village of Lemont, James Cainkar, inspected
certain portions of the improvements and recommends acceptance of said subdivision and, in
accordance with the Unified Development Ordinance of 2008, the initiation of the two -year
subdivision maintenance period;
NOW, THEREFORE BE IT RESOLVED by the President and Board of Trustees of the
Village of Lemont, that the public improvements within Singer Landing Subdivision are hereby
accepted and that the Letter of Credit No. FGAC -06290 is hereby released with the following
conditions:
1. Lennar Communities of Chicago, LLC shall submit to the Village of Lemont a
maintenance guarantee, in the form of a letter of credit or other financial guarantee as
approved by the Community Development Director, in the amount of $52,093.00. This
financial guarantee shall be valid for a period of at least two years from the date of
approval of this resolution. 3 73‘,/, p0 dAS
2. A bill of sale shall be provided.
PASSED 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 July, 2011.
Debby Blatzer
Paul Chialdikas
Clifford Miklos
Ron Stapleton
Rick Sniegowski
Jeanette Virgilio
AYES NAYS ABSENT ABSTAIN
v
is
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Appr e : by me t uly, 2011
CHARLENE M. SM • LLEN, Village Clerk
Village President