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TO: Mayor Richard C. Irvin
FROM: Jason Bauer, P.E., Assistant Director of Public Works - Assistant City Engineer
DATE: August 23, 2018
SUBJECT:
Resolution for Letter of Credit Reduction No. 1 for East Aurora High School - Expansion: COA Case No. 16.040 Buildings, Grounds and Infrastructure Committee August 27th, 2018
PURPOSE:
To approve the Letter of Credit Reduction No. 1 for
East Aurora High School - Expansion
BACKGROUND:
This section should state the origin or source of the request (the need, history of issues, bid/RFP dates, process followed to evaluate potential options, etc) and other information that may be relevant for the Committee and Council to understand the purpose of the request.
DISCUSSION:
Subdivision Control Ordinance allows for the partial reduction of improvement securities based upon certification of installed public improvements and confirmation of same by City staff. Said improvements have been made and certified by the developer and confirmed by City staff as installed and inspected, and a signed and sealed engineer’s cost estimate for the reduction is on file with the division of Engineering for the City.
IMPACT STATEMENT:
RECOMMENDATIONS:
Approve the Letter of Credit Reduction No. 1 for East Aurora High School - Expansion"
cc: Building Grounds & Infrastructure Committee
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
title
A Resolution To approve the Letter of Credit Reduction No. 1 for East Aurora High School - Expansion.
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WHEREAS, the City of Aurora has a population of more than 25,000 persons and is, therefore, a home rule unit under subsection (a) of Section 6 of Article VII of the Illinois Constitution of 1970; and
WHEREAS, subject to said Section, a home rule unit may exercise any power and perform any function pertaining to its government and affairs for the protection of the public health, safety, morals, and welfare; and
WHEREAS, East Aurora School District No. 131, the developer of East Aurora High School - Expansion, has partially completed required public improvements, and;
WHEREAS, these public improvements have been inspected during construction by the Engineering Department, or their authorized representative, and were found to be in substantial conformance with the approved plans, and
WHEREAS, the City Engineer has recommended a Letter of Credit reduction #1 to a new total of $82,357.00
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Aurora, Illinois, as follows: that the reduction be approved and authorize a reduction of the original Letter of Credit to a new amount of $82,357.00.