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TO: Mayor Richard C. Irvin
FROM: Jason Bauer, P.E. - Assist. Dir. Of Public Works - Assist. City Engineer
DATE: February 28, 2023
SUBJECT:
A Resolution for reduction No. 1 for Liberty Meadows, COA 2022.199, Wolverine Dr in Aurora, Illinois Ward 7.
PURPOSE:
To approve reduction No. 1 for Liberty Meadows.
BACKGROUND:
Pursuant to Section 43-55(a)(3)(d) of Aurora's Municipal Code, the Developer of the Project posted a security to ensure completion of these proposed public improvements including, (Brief description of site improvements) and is now seeking council approval for reduction per subsection (d).
DISCUSSION:
This development has completed some portion and inspections of these required public improvements and is requiresting a reduction to the original subdivision bond, in conformance with said subsection (d). The completed values of these improvements have been certified and submitted by the developer's Engineer. These values have been verified by COA engineering and our consultants as correct and are eligible to be recommended for this reduction.
IMPACT STATEMENT:
This action has no current impact to existing or new public infrastructure as it relates to various divisions for maintenance, including the Division of Water and Sewer Maintenance; the Water production Division; the Street Maintenance Division; the Electrical Division.
RECOMMENDATIONS:
Approve the request for reduction No. 1 for Liberty Meadows.
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
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A Resolution approving reduction No. 1 for Liberty Meadows, Wolverine Dr.
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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, PT Land, LLC has completed certain public improvements for said project; and
WHEREAS, these said 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 completed values of these improvements have been certified and submitted by the developer's Engineer and have been verified by City of Aurora Engineering staff and our consultants as correct and therefore eligible to be recommended for this reduction; and:
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Aurora, Illinois, as follows: that reduction No. 1 for Liberty Meadows be accepted and approved to a new reduced value of $ 556,526.67.