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TO: Mayor Thomas J. Weisner
FROM: Stephen K. Andras, P.E.
Assistant City Engineer
DATE: May 19th, 2014
SUBJECT:
Resolution for Reduction of the Developer's Security for Station Blvd. Roadway Improvements
PURPOSE:
To approve the reduction of the Developer's Letter of Credit for Station Blvd. Roadway Improvements
BACKGROUND:
The Subdivision Control Ordinance, provides the City Engineer with the option to reduce the developer's security to a level not lower than 20% of the original security amount, for work that has been completed, inspected, tested and approved, based on a request from the developer that is supported by a Professional Engineers certification, and our departments review and approval. In this case there is also a signed roadway agreement that governs the request for a reduction of the security.l
DISCUSSION:
The Developer has completed improvements that have been inspected, tested, and approved, and has requested, under the support of a Professional Engineer's certification, and in accordance with terms of the roadway agreement, that the existing security be reduced. We have reviewed said request and supporting documentation for this request.
IMPACT STATEMENT:
As a reduction, and not a final acceptance for City maintenance, this action has little if any impact on City divisions and or departments.
RECOMMENDATIONS:
We propose that the request for the Developer's Letter of Credit to be reduced from an original value of $500,000.00 to $311,498.96 be approved.
cc: Alderman Peters, Chairman
Alderman Garza
Alderman Bugg
Alderman Saville, Alternate
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
title
A Resolution for Reduction of the Developer's Security for Station Blvd. Roadway Improvements
body
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, Next Generation Development, has partially completed the 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 City Engineer has recommended a reduction to the developer's Letter of Credit to a new total of $ 311,498.96;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Aurora, Illinois, as follows: that the reduction of the developer's Letter of Credit to a new total of $ 311,498.96 be approved.
PASSED AND APPROVED on ______________.
AYES ____ NAYS ____ NOT VOTING ____ ABSENT ____
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Alderman Bohman, Ward 1 Alderman Garza, Ward 2
____________________________ __________________________
Alderman Mesiacos, Ward 3 Alderman Donnell, Ward 4
____________________________ __________________________
Alderman Peters, Ward 5 Alderman Saville, Ward 6
____________________________ __________________________
Alderman Hart-Burns, Ward 7 Alderman Mervine, Ward 8
____________________________ __________________________
Alderman Bugg, Ward 9 Alderman Johnson, Ward 10
____________________________ __________________________
Alderman Irvin, At Large Alderman O'Connor, At Large
ATTEST:
____________________________ __________________________
City Clerk Mayor
Reduction Cover Letter; Aerial Location Map