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TO: Mayor Richard C. Irvin
FROM: Jason Bauer, P.E. - Assist. Dir. Of Public Works - Assist. City Engineer
DATE: April 23, 2024
SUBJECT:
A Resolution for reduction No. 01 for Fox Valley Apartments- Lincoln School Subdivision, 2021.267, 641 S Lake Street in Aurora, Illinois Ward 4.
PURPOSE:
To approve reduction No. 01 for Fox Valley Apartments- Lincoln School Subdivision.
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, sidewalk, curb, pavement restoration and driveway approach 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 Letter of Credit, 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 Street Maintenance Division.
RECOMMENDATIONS:
Approve the request for reduction No. 01 for Fox Valley Apartments- Lincoln School Subdivision.
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
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A Resolution approving reduction No. 01 for Fox Valley Apartments- Lincoln School Subdivision, 641 S Lake Street.
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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 pertain...
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