HomeMy WebLinkAboutRESOLUTION - 72-78 - 9/12/1978 - LETTER OF GUARANTEE CIRCLE BAY RESOLUTION NO. 72-78
A RESOLUTION ACCEPTING A LETTER OF GUARANTEE IN LIEU OF A PERFORMANCE
BOND FROM NORTHWEST FEDERAL SAVINGS, GUARANTEEING THE CONSTRUCTION OF
PUBLIC IMPROVEMENTS AND SURFACE COURSE REQUIREMENTS FOR THE CIRCLE BAY
DEVELOPMENT LOCATED NORTH OF DEVON AVENUE AND WEST OF BERKENSHIRE LANE
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of
the Village of Elk Grove Village, Counties of Cook and DuPage, State of Illinois:
Section 1 . That the President and Board of Trustees do hereby authorize the
acceptance of a Letter of Guarantee in lieu of a Performance Bond, from Northwest
Federal Savings, guaranteeing the construction of public improvements at the
Circle Bay Development, said improvements as shown on Exhibit "A" attached hereto
and made a part hereof. Said property located north of Devon Avenue and west of
Berkenshire Lane in Elk Grove Village.
Section 2. The Letter of Guarantee also guarantees that if the surface
course or one inch of asphalt is not made by August 30, 1980, at the demend of
the Village of Elk Grove Village said funds will be released for the purpose
of completing the surface course requirments of the Subdivision Control
Ordinance of the Village.
Section 3• That this resolution shall be in full force and effect from
and after its passage and approval according to law.
PASSED this 12th day of September 1978.
APPROVED this 12th day of September 1978
Village Ves'd of 1
ATTEST:
Deputy/ Village c rk
NORTH WEST
FEDERAL
SAVINGS
2454 DEMPSTER STREET• DES PLAINES. ILLINOIS 60016• 296-0900• DAVID J. DENWOOD, President
August 31, 1978
Mr. Charles A. Willis
Village Manager
Village of Elk Grove
901 Wellington
Elk Grove Village, Ill. 60007
RE: Letter of Guarantee
Circle Bay
Dear Mr. Willis:
We are construction lenders for the above development. We under-
stand that you require a guarantee in the amount of $835,000.00
covering items contained on Exhibit "A", attached hereto.
We hereby certify to you that we will set aside the above amount
of the loan for payment of the above mentioned items.
As work progresses, disbursements will be made on these items upon
submission of proper waivers by the Contractors, approved by the
Village's Engineer and inspected by North West Federal Savings and
Loan Association.
In the event the improvements with the exception of the one inch
topping (second lift) are not made by August 31, 1980, we will, at
your demand, release said funds to you for the purpose of complet-
ing the aforementioned work. If the one inch topping (second lift)
is not completed by March 1, 1981, we will release the balance of
the funds required to finish the toppings to you at your demand.
The amounts to be released, pursuant to the above provisions, are
specified on the attached Exhibit "A".
NORTH WEST FEDERAL SAVINGS AND
LOAN ASSOCIATION OF CHICAGO
Craig R! Karas
Vice President
CRK/mb
F MLI
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APPLIED 1886 HICKS ROAD
ENGINEERING ROLLING MEADOWS,IL.,60009
COMPANY AREACODE(312)991.7668
C0HOULTING CAM RNOM91111e
ENGINEER'S ESTZ`tATE OF COST
FOR
CIRCLE SAY SUBDIVISION
ELK GROVE VILLAGE
COOK COD?71T, ILLTiTOIS
JUNE 26,1978
REVIS3D: JULY 12,1978
UNIT
ITIN DESCRIPTIONQUANTITY UNIT PRICE TOTAL AMOUNT
A. EARTHWORK
1. Detention Basin Topsoil Excavat-
ion (2' Deep) 13,600 C.T. $ 1.20 $ 16,320.00
2. Building Pads in Lots Topsoil
Excavation (1' Deep) 15,:00 C.Y. 1.20 18,600.00
3. Stroet Topsoil excavation
(1' Deep x 32' Wide) 4,100 C.Y. 1.20 4,920.00
4. Detention Basin Topsoil
Restoration (6" Deep m 2 Acres,
117.651 Compacted) 1,900 C.Y. 2.50 4,750.00
5. Lots 6 Parkway Topsoil Restora-
tion (1' Deep) 22,400 C.Y. 2.50 56,000.00
6. Sod For Detention Basin 9,680 S.Y. 1.50 14,520.00
7. Seeding over C.H.P.A. .20 Acres 1,200.00 240.00
S. Detention Basin, Street b Building
Pad Clay Excavation 64,500 C.Y. 1.20 77,400.00
9. Soil Testing LIMP SU`1 2,500.00
Sub-Total Earthwork - ------- $ 195,250.00
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MUNICIPAL UTILITIES TOPOGRAPHY LAND PLANNING FEASIBILITY STUDING
APPLIED ENGINEERING COMPANY
CONSULTING CIVIL ENGINEERS
&IGLYEER'S ESTIMATE OF COST
CIRCLE BAY SUBDIVISION
ELY GROVE VILLAGE
C00& COUPI'1"l, ILLINOIS
B. SANITARY SEWR - 017-SITE
UNIT
ITTII DESCRIFTI03UQ ANTITY UNIT PRICE TOTAL A OUITT
1. 10" Diameter Trues Pipe
(including T.V. inspection) 230 L.F. $ 18.00 $ 4,140.00
2. 10" Diameter Iron Pipe Ductile
(including T.V. inspection) 165 L.F. 25.00 4,125.00
?. 48" Diameter Precast Concrete — -
Manholes, cGmplete 2 Ea. 650.00 1,300.00
4. Pavement Removal S Replacement
at 3arkeneahire Lane and Devon
(saw cut edges, compact suo-
grade, provide expansion joints
at new manhole E replace 61 S.Y.
8" P.C.C. Pavement) 60 S.Y. 40.00 2,400.00
5. Berkenshire Lane Parkway Restora-
tion LUttP SU"* 300.00
6. Trench Backfill 265 L.F. 6.00 2,120.00
Sub--Total Sanitary Sever
(Off-Sit_)-- — $ 14,$85.00
SANITARY SEWER - ON-SITE
1. 10" Diameter Truss Pipe
(including T.V. inspection) 1,500 L.F. $ 13.00 $ _ 19,500.00
2. 8" Dizmeter Pipe Ductile
(including T.V. inspection) 2,490 L.F. 11.00 57,190.00
3. 48" Diameter Precast Concrete
:Manhole, complete 13 Ea. 650.00 8,450.00
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APPLIED ENGINEERING COMPANY
CONSULTING CIVIL ENGINEERS
ENGINEER'S ESTL14ATE OF COST
CIRCLE BAY SUBDIVISION
ELZ GROVE VILLAGE,
COOK COMM, ILLINOIS
B. SANITARY SEWER - CN-SITE (Continued)
UNIT
ITZ4 DESCRIPTION QUANTITY UNIT PRICE TOTAL AMOUNT
4. 48" Diameter Precast Concrete $ $
Manhole t12 with Shear Gate,
complete 1 Ea. 750.00 750.00
5. 48" Diameter Precast Concrete
Manhole 43 with Shear Gate b
Flush Valve, complete 1 Ea. 850.00 850.00
6. 6" P.V.C. ?tear Service 54 Ea. 150.00 8,100.00
7. 6" P.V.C. Far Service, including
Trench Backfill 40 Ea. 550.00 22,000.00
8. Concrete Flcaoement 20 L.P. 15.00 300.00
9. Trench Backfill 230 L.?. 7.50 1,725.00
Sub-Total Sanitary Saver
(On-Site)-------- ------ $ 89,065.00
C. HATER MAIN - OYF-SITE
1. 12" D. I.W.M. 115 L.F. 17.00 $ 1,955.00
2. A" rate Valve 6 43" Diameter Vault,
complete 1 Ea. 800.00 500.00
3. Restoration of R.O.W. LU1-1P SUM - 500.00
4. Trench Sac4i 4111 130 L.P. 6.50 84=.00
Sub-Total Water Mala (Off-5±te)------j 4,100.' 1)
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APPLIED ENGINEERING COMPANY
CONSULTING CIVIL ENGINEERS l'0
PlIGIVEER' .5 '.iSTL'LATF OF CUST
C17CLL•' B.v_' SUEDIVISIGN
ELK GROVE ,VTI U=E
CC ,K COUN , ILLINO?S
C. y4ATER !!.;kTN - GN-517Z
UNIT
TT DESC'.?IPTTON Q II.11r"TITS UNIT PRICE. TOTPJ, PKO�SIT
I. 12" D.I.'d.a. 995 L.;, $ 17.00 $ 16,915.00
2. 3" D.I.S.H. 3,693 L.1r. 12.00 '*4,340.00
3. 12" Gate Valve 6 Valve Box,
Complete 1 Ea. 650.00 630,00
5. 8" Gate Valve n Valve Aox,
CoIaplete 9 Ea. 300.G0 2,730.00
5. ?fro. Iwirant with uxil.:ry
.11ve, 19 ?a. 300.00 15,1;0.x0
6. 3/4" r_;pe K Covver Tear ger-Ice,
3-sox Corp. CDC--, complete 40 2s1. 175.00 OOC,JO
7. 3/4" T'Tpe K Copper ?ar Servlc•�,
3-13:... Corp. Cock, Trench 3.+.aki111,
comolete 54 �a. 550.00 29, 700.00
c. 7rer.ch ackfiil 200 L.. . 6.50 1.300.00
:uh-Total Plater 'gain 'On-Sita)------ $ 117,305.00
1. 87" .. ;3"C.H.P.A. , 14 Gage, $
lrclud'_a; Trench backfill ^.o
Top of Pipes 310 L.?. 95.00 19,41-0.00
2. 73" . 51)" I;.?!.P. \. 14 ;aye,
i^ciidin,^, :':vncti CncF-fi11. to
Tim Oki, Pi:„e 295 L.F. 80.U0
_. 66” C.J.P. 14 k1age, includinX
T.eucii 3ackfill to Top of Pipe 75 L.2. 10.017 6,OCf .U0
-4-
APPLIED ENGINMEPING COMPANY
CONSULTING CIVIL ENGINEERS
ENGINEER'S ESTIMATE OF COST
CIRCLE BAY SUBDIVISION
ELN- GROVE VILLAGE,
COOK COMM, ILLINOIS
D. STOPv tvVERS (Ccntinve d)
UNIT
ITEM DESCRIFTTON MANTh71 UNIT PRICE T,--TPJ, A;4OU2IT
4. 30" R.C.P. Claes III 625 L.F. $ 24.00 $ 15,OGO.00
5. 15" R.C.P. Class M 300 L.F. 11. 50 9,200.00
6. 12" R.C.P. Glass III 1,035 L.P. 10.00 10,350.00
7. 10" R.C.P. Class III 1,408 L.F. 9.50 13,376.00
8, 60" Diameter Precast Concrete
Yznhol-.. 940 1 Ea. 750.00 750.CD
9. 60"' Diameter Precast Concrete
catch Basin, Tyne "A" (0.3.:741) 1 Ea. 750.00 750.00
10. L8" Diameter Manhole 8 Fa. 500.:;0 4'Ra'�.00
11. 48" Diameter Catch 3asin, T7pe "A" 19 Ea. 6SO.00 22,350.10
12. 24" Diameter Catch :lysin , T17e "C" 7 Ea. 400.00 ",301.00
13. 24" Diameter Inlets 5 Ea. 150.00 1,750.00
14. 34" C.H.F. :'anisole 142 12 Cage, complete 1 En. 4,000.00 46,030.00
15. RetnlorcA Concrete r'ntle[
nhnle 94.3, complete I Ea. 4,500.00 4,500.00
16. Connection Detail ._t yxl.Lting
71" R.C.P. 6 'ropoxed 87" x 63"
C.'i.P.A. sr. T?evon. See etaii "A"
S;;eet `. 1 Fs. 2,0 ,0.00 2,^,„10.00
17. _.lp Rap l0 S.Y. ?15.06 10
17. :'retch ttacki 1.11 1,''00 L.F. :0 _-r -5
dub-Dotal Storm Severe --------- 5
_5_
APPLIEM ENGINEERING COMPANY
CONSULTING CIVIL ENGINEERS
ENSIRE.TB'S ESTI?4AT^ 0'r COST
CIRCLE. MY SUMVI3101
ELK GROTT VILLAW
C00R C•OII' _ - . '.LLI;70TS
E. ROMMAf ISMSTRU:.IM _:_ST_.DWALR _
�~ tiiITT
ITEM DESCRIPTION OUANTIT': U„iT Pr 1C,' T^-AL ANOM,'i
1. 7" Pnazo hnic Zane Course
(including fine grsdiag of
cub-grade) 10,675 S.Y. 4.13 2,W. 50
2. 2" cituminous Concrete
Under Course, Class I 10,675 S.Y. 3.10 32,00 ,00
3. 1" 30L.Mia0113 ConcrzCe Surface
Course, Class I 10,675 S.Y. 1.60 17 ,030.00
4. P.Qc. Curb 6 Sutter 7,550 L.F. 5.00 37,75 .`C
5. 4 root 'dice P.C.C.Sidemaiz,
5" rhick 33,618 S.F. 1.225 42,050.00
5. 3" ?.C.C. Entrance at Devon Avenue,
including Mnoval of misting
3-6.24 COG, installation of 24"
decreased C&C, TMe Y 6.12 CSC, P.C .C.
Ravenent 5 4 '' Scone ?via Course in
3czoroan,Ze •Jltn tine ',00'k Coaury
Righway Ccpt. .";tanward3. 1 Ea. 5,000.00 5,000.00
7. 2" 31tuminoc:I Concrete Surf ice
Course, Qu3s 200 S.Y. i..;0 600.00
S. n' %rc ei Ecce, ,rade CA-6 201 S.Y. 2.50 530.03
SuD-Tonal Roadway Conscructier.--- 1 03,0; .53
!'. ..i . -l.Ry .IY_.Y?. MMIA TASK
] . Foraing V Rcdl-Ina Concrete $
for Q1.13 1^0 C.`r'. 250.00 l,,nMSC
_. Concrete Floor Slab 1,350 S.F. 1.00 L ,!5q '1^
3" Hollovcore Roof Slab
Fmet aide c 32'- N''
long, complete 10 Ga 500.10 51000.00
4. Reinforcing Steei 21,000 lbs. 0.30 0,300.01:
-6-
APPLIT= D r=MGINrzSR1NG COMPAiVY ,, . Sg�}
CONSULTING CIVIL ENGINEERS \ J /
Li;CI27;:�R'S E`TI"1A'PE OF COST _
"I1'C:.2 -"•A'1 Sl1 llI''JI5:U2i
F.Ll: I.R072 VILTLAG:
C^OF. COC'_iTY, ILLINOIS
SiLNL'.'PW.1 SE-WAG-: ::OT T;;G T:01C iContinued) .
r„!(T
t DE- 'T:TPTI- 0UA1TtI7Y UNT!T P4-iCE TOTAL A-XCIM:
5. Fxcavation F, Crrvel Backfill L-J.-P S',fM $ ? .000.•70
5. 7:L=-D Pump, llanhol ; ?ar-orated
cv.tn Pipe LL1 n ;Ut: 2, X00.•10
7. Aerator LUQ SIPM
8. Access Frames 6 Lids, Misc.
Piping, Steps, Chain IX"T SUM 6,000.",4)
?. ^CLrir_aL 'r.terials Z, Installation LUMP Slat 5,000.07
10. >.sT 'ng LL;tP
dub-Thal Sanitary Sewage
:'oldins Lank ------------------------
M1,IA:i
-----M:,.IA:i
Ev AVATIO'i
A. (.a rt hvor is - --------------------- --- $
L7,TT'i:?G"f)L'17D
ci -cr -------` -------------
Sanitar7 c ?ers On-;ity "--------------_------ 3?,065.00
C. 'Fahr "1;-T O F f-!,j t e ------------`-------------------'
^ev.,r --- ---- ---------------" --- :5 r,.`26• 10
PAv It7G
E. iOac:way ConGtruction ----------------"---------------- 153.''^L.
F. 3anit.ary uraa;:e Reding 'rank -------------- ----- 57,150.00
Total -------
20: Engineering h Contingencies ---- 160 9A6. .70
TOTAL ESTIMATED COST ---- --- 972.88C.20
_7- -
APPLIED ENGINEERING COMPANY
CONSULTING CIVIL ENGINEERS
0, Tuclve ._--Tee! :'.;'pts, '-I$htiag Cable, by
Cc:=ou'+ealc`= L11au:i ,.cr„par. ------------------------- a � �."^17.46
B. 2;c itiadreci ."_ ' l.:aet_r P,r.:kay Trees----- --------------- 7 <nn,ry
:. 37. "!:: Gray-a n?c. irg nep'src.�ent Review
TOT:iL 0? ADDITIONAL iT !`-------- .'. 51_.!•.'"' ,�
PZ!'II aT c;i bv:
7m�istered 2Tnf'e4s;onal ;_nain 'eT'
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