The URL can be used to link to this page

Home My WebLink About89-0726 Old Main Payout sift— a--a RESOLUTION APPROVING PAYOUT FROM THE OLD MAIN RESTORATION ESCROW ACCOUNT WHEREAS, the City of Elgin is the owner of certain real property upon which is a structure commonly known as Old Main; and WHEREAS, the City of Elgin and the Elgin Area Historical Society have entered into an agreement wherein Old Main is to be renovated and occupied by the Historical Society as a historical museum; and WHEREAS, pursuant to said agreement the plans and contract documents of such renovation are subject to the prior approval of the City of Elgin; and WHEREAS, on March 22, 1989 the City of Elgin, the Elgin Area Historical Society and the First National Bank of Elgin (escrowee) entered into an escrow agreement which established the Old Main Restoration Account and authorized the escrowee to make payments from said account on the written direction of the City of Elgin and the Historical Society; and WHEREAS, renovation work has been continuing and application has now been made for the payment of $4,557.54 from the escrow account. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS, that the First National Bank of Elgin is authorized and directed to release funds from the Old Main Restoration Acount in the following amounts to the following suppliers: Carswell's $ 100.00 Valley Sanitation of Elgin $ 125.00 Chicago Area Building Specialities $ 484.80 Seigle's $ 2,574.74 Plass $ 1,273.00 per the written direction of the Elgin Area Historical Society dated July 10, 1989, a copy of which is attached hereto and made a part hereof by reference. s/ -George VanDeVoorde George VanDeVoorde, Mayor Presented: July 26, 1989 Adopted: July 26 , 1989 Vote: Yeas 6 Nays 0 Recorded: Attest: s/ Marie Yearman Marie Yearman, City Clerk ctn a/4 • : . 1, • Elgrn Area Histoncal Society �A 4µl' ;. ski M4 kat S°G July 10 , 1989 TO WHOM IT MAY CONCERN: RESOLVED: The Elgin Area Historical Society gives written direction on July 10 , 1989 to First National Bank of Elgin to release funds in the following amounts to the following suppliers, from the Old Main Restoration Escrow Account. Bill submitted July 10 , 1989 . Carswell ' s $100 . 00 Valley Sanitation of Elgin $125 . 00 Chicago Area Building Specialities $484 . 80 SEIGLE' S $2574 .74 PLASS $1273 . 00 \N. . 4iAtkl\ Marga%OVA-. L. Krueger Co-Chairman Restoration Committee Elgin Area Historical Society V\NA °LI (M;;/ Mar lice Clute / NON , Treasurer Elgin Area Historical Society 360 Park Street, Elgin, Illinois 60120 (312) 742-4248 July 20 , 1989 MEMORANDUM TO: Mayor and Members of the City Council FROM: City Manager SUBJECT: Old Main - Remodeling and Restoration PURPOSE This memo is written to submit a proposed agreement between Elgin Area Historical Society and the City of Elgin for the release of funds from the Old Main Restoration Escrow Account. BACKGROUND An Escrow Agreement was drafted on March 23 , 1989 between the City of Elgin, the Elgin Area Historical Society, and the First National Bank of Elgin, whereby the Elgin Historical Society deposited funds into an account known as the "Old Main Restoration Account" . This account was established for the purpose of payment to contractors for restoration work completed on the second and third floors of Old Main. The Elgin Area Historical Society is requesting the release of funds from the Old Main Restoration Escrow Account in the amount of $4 ,557. 34 for the payment of the following list of contractors utilized for repairs completed to Old Main: $2 ,574 .54 Siegle' s Home and Building Center 1, 273. 00 Plass Appliance 484 . 80 Chicago Area Building Specialties 125. 0.0 Valley Sanitation of Elgin, Inc. 100 .00 Carswell' s, Inc. $4 ,557 . 34 Total The Elgin Area Historical Society has submitted copies of the following documentation to the City of Elgin: Certificate of insurance, a waiver of lien from each contractor, building permits, and itemized bills. -Page 1- FINANCIAL IMPACT There would be no financial impact on the City, other than a request to waive building permit fees, which would mean that we would bear the cost of inspections. RECOMMENDATION _i 411,2 es J. ink, City Manager ./(F -Page 2- ,tina�ad 00, z ';-..:_�' . Elgin Area Historical Society - �,,'4,i '.r.' July 19, 1989 As Or SO" �• MEMO TO: Mr. James Cook, City Manager✓ Mr. Ross Ricks Mr. James Bolerjack City Council Members Mr. D. W. Brinckman Mr. Robert Hoffer Mr. F. Thomas Michels Mr. Roger Parsons Mr. George Perucco Dr. Richard Powers FROM: Remodeling & Restoration Committee - Old Main SUBJECT: Progress on Restoration Activity is the word at Old Main! Demolition is completed on the second floor. All the masonry work (patching of holes from stove pipe inserts, damage from fire, etc. ) has been completed on the second and third floors and the walls are now ready for framing and drywall. The flooring is installed in the furnace room area and the drywaller will be there this Friday to do that room. Then the heating, ventilation and air conditioning can begin to be installed. We anticipate that this HVA stage and the electrical work will be completed by the next progress report in September. We will be applying for the electrical permit within the next week or so. As I stated in the progress report of May 24, 1989, permits for plumbing, HVA and carpentry have been taken out. Because there was a time limit (July 31, 1989 ) on the money ($5,000.00) that the city had allocated to the Society from the Park and Recreation Department Budget, the cabinets, flooring, sink, appliances and other necessary items for the kitchen has been expended and I will be making a detailed report to Mr. Ross Ricks as soon as all the bills have come through. 4 Also, as I stated in my previous memo, the Historical Society has taken complete possession of the entire Elmer Gylleck collection. His diorama and some other items are now on display in the East Gallery on the 1st floor. The Museum is carrying on with its normal 12 :00 to 4:00 (Wednesday through Saturday) hours. Come by and see the progress ! 4 I will be back with you again in September. 360 Park Street, Elgin, Illinois 60120 (312) 742-4248 State of Illinois County of Kane as Certificate of City Clerk City of Elgin I, Marie Yearman, DO HEREBY CERTIFY that I am the City Clerk of the City of Elgin, Illinois, and that as such City Clerk I am the keeper and custodian of the files and records of said City of Elgin and the seal thereof. I DO FURTHER CERTIFY that the attached is a full,true,and correct copy of Res.oluti.on..ap.p.rov.i.n.g..payOut..from..the..QLd..Main ..Res.torat.ion..EscroW.Account , the original of which is entrusted to my care for safe keeping. In Witness Whereof,I have hereunto set my hand and affixed the corporate seal of the City of Elgin at the said City in the County and State aforesaid this 2.7.th day of .IuLy , 19..89.. City Clerk. (SEAL)