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Home My WebLink About92-0212 Old Main Payout 9a-oa�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 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 $10,403. 90 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 Account in the following amounts to the following suppliers: Mielke-Lauderdale Electrical Contracting Co. Pay Request #2 $ 5,000 .00 Local Sheet Metal & Heating Pay Request #1 $ 3,705. 00 True Value Hardware $ 86 .40 Mark Stephens, Handyman $ 727 .50 Gary Toney, Handyman 0 $ 885. 00 per the written direction of the Elgin Area Historical Society dated February '3, 1992, a copy of which is attached hereto and made a part hereof by reference. s/ George VanDeVoorde George VanDeVoorde, Mayor Presented: February 12, 1992 Adopted: February 12, 1992 Vote: Yeas 6 Nays 1 Recorded: Attest: s/ Dolonna Mecum Dolonna Mecum, City Clerk • in ;�r_ _ c).1_ Agenda Item No. February 4 , 1992 MEMORANDUM TO: Mayor and Members of the City Council FROM: Larry L. Rice, City Manager SUBJECT: Old Main - Consideration of a Payout from the Old Main Escrow Account PURPOSE This memo is written to submit in accordance with the 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 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 $10,403.90 for the payment of the following contractors utilized for the repairs completed to Old Main: Mielke-Lauderdale Electrical Contracting Co. $5,000.00 Pay Request #2 Local Sheet Metal & Heating $3,705.00 Pay Request #1 True Value Hardware $ 86.40 Mark Stephens $ 727.50 eft Handyman Gary Toney $ 885.00 Handyman FINANCIAL IMPACT There would be no financial impact on the City, other than a request to waive building permit fees, which would mean that the City would bear the cost of inspections. RECOMMENDATION Authorize payout from the Old Main Restoration account for the amount of $10,403 .90. aAT . L. y . Rice , City Manager r r 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 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 $10,403. 90 - 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 Account in the following amounts to the following suppliers : Mielke-Lauderdale Electrical Contracting Co. Pay Request #2 $ 5,000.00 Local Sheet Metal & Heating Pay Request #1 $ 3,705. 00 True Value Hardware $ 86 .40 Mark Stephens, Handyman $ 727 .50 Gary Toney, Handyman $ 885. 00 per the written direction of the Elgin Area Historical Society dated February 3, 1992, a copy of which is attached hereto and made a part hereof by reference. eft' George VanDeVoorde, Mayor Presented: February 12, 1992 Adopted: Vote: Yeas Nays Recorded: Attest: Dolonna Mecum, City Clerk r ti-I Elgin Area Historical Society �°'arc at February 3, 1992 TO WHOM IT MAY CONCERN: RESOLVED: The Elgin Area Historical Society gives written direction on February 3, 1992, to First National Bank of Elgin to release funds in the following amounts to the following contractors/individuals, from the Old Main Restoration Escrow Account. Bill submitted February 3, 1992. Mielke-Lauderdale Electrical Contracting Co. $5,000. 00 Pay Request #2 Local Sheet Metal & Heating 3,705.00 Pay Request #1 emk True Value Hardware 86.40 Mark Stephens 727.50 Handyman Gary Toney 885.00 Handyman- kaK,t- VAluttj\ Mar. -t L. Krueg Chai -n, Renovatkoti Committee Mar lice Clute /h'`'t'� Elg Area Historical Society Enclosures • 360 Park Street, Elgin, Illinois 60120 (312) 742-4248 L `11 \\// SCJ ) I { t ; !. ; . MIELKE- L UD€RDALE 717 6 �_..�., � ELECTRICAL CONTRACTORS 1418 Illinois Parkway di. Elgin, IL 60123-3224 1-24-92• JOB NO. •'• r •. Office: 70$-742-2653 ___._._. GATE . )M WRIGHT Mobile:708-567-5095 fax: 708-742-2682 pBrintBfldent JOB NAME OLD MAIN 3RD FLOOR ' 111"1:Nt TL 0170ELGINIL JOB LOCATION -_ -E-- ___._ TERMS DESCRIPTION PRICE AMOUNT • OLD MAIN - 3RD FLOOR - PAY as r.9T #2 t t t a01.0.) • _ _ _ ____ ___._._ ORIGINAL gr/CACYOW comma rAaIrIYC.oeM,IY.met tow mow TaLRwerisam • f-'LAUDERDALE >�icacemenZ of UULIL L XL CONTRACTING CO. - 418 Illinois Parkway Eg vazi #2 ❑cowis'rE ❑RET.1►: ELGIN. ILLINOIS 60123 (708)742-2653 . Fes: Ta t pbTP.�Ct h0. To: b. • -' TO: MARGARET KRUEGER 544 OAKLAND AVE. • OLD MAIN — 3RD FLOOR • pao.E.:a.g*Ess • . ELGIN, IL 60120 ELGIN, IL . - •••.t.E anwITE:T . STATEMENT OF CONTRACT: • ORIGINAL CONTRACT AMOUNT_____ S 8,900.00 • CHANGE CRDSRS TO DATE .._. S • ADJUSTED CONTRACT AMOUNTS 8,900.00 • CHANGE ORDER RECORD: . . NO.OF CHANGE ORDERS TO DATE: CHANGE ORDER INCREASE S - CHANGE ORDER DECREASE _ . ' • • r NET CHANGE -0- SUMMARY OF PAYMENTS: . TOTAL BILLED TO DATE ._ S• 2,500.00 - • TOTAL RETAINAGE TO DATE S • • . T')TAL PAYMENTS REC. /EC .._._... .,_ S • PAY?Ct"T IN PROCESS------ _- _ _ _.. e., 2.50000 , S . . AMOUNT THIS Fs+i'i...�N-._..._ _. ' S 5.000.00 . LESS °'o RETAINAGE.._.__. S • CERTIFIED BY: • PAY THIS AMOUNT > . $5,000.00 The "e.e igned certifies that `Jest of their knowled-e, information and belief, th .work covered this Ea:. ti.. ri.7.... to the .. .. r ,� . + �: �� 11/e . v by � has been completed in accordance with the contract documents. That all amounts have been paid for which prev:: sta:e.^.en:s were issued and payments receiv and that the current payment shown is n w due. X '"T�� dsi Date 1-24-92 • rX Date • • X Date met=nal rt.on..al.�suit T.Ove 0104 YOU.mos 1.asiam s • Thank Y • ttroposal Page No. of rages • . LOCAL SHEET METAL & HEATING '"18-2383 • 33W745 Sunset Park Dr. DUNDEE, ILLINOIS 60118 Phone 426-5813 • PROPOSAL SUBMITTED TO PHONE DATE Old Main ID-3/1/ STREET JOB NAME 360 Park Street CITY, STATE AND ZIP CODE JOB IOCATION Elgin, I1. 601'10 ARCHITECT DATE OF PIANS JOB PHONE We hereby submit specifications and estimates for: We •will furnish and install supply and return duct • work for third floor. Proposal includes insulated galvanized duct work plus -supply and return air grills for both furnaces. Duct work for south unit will go down hall above dropped .ceiling. Duct work for north unit will be in storage area - on north side of building, close to present ceiling and will • be left ,exposed. • • . • • let Propose hereby to furnish material and labor - complete in accordance with above specifications, for the sum of: Seven thousand four=hundred ten oars($ 7410.00 Payment to •o•._asdown'when job is started balance on completion of our work AU material is guaranteed to be as specified.All work to be completed in a workmanlike manner according to standard practices.Any alteration or deviation from above specifics- Authorized F04 11 tions involving extra costs will be executed only upon written orders,and will become an Signature !!!!////1111 extra charge ova and above the estimate.AU agreements contingent upon strikes,accidents or delays beyond our control Owner to carry fire,tornado and other necessary insurance. Note:This proposal be Our workers are fully covered by Workmen's Compensation Insurance. withdrawn by us if not accepted within 60 days. •-• Arnold/mu Df f r0410Sal—The above prices,specifications ► ` I �f► s / and conditions are satisfactory and are hereby accepted. You are authorized Signature to do the work as spec N.Payment will i-made outlined above. Date of Acceptance: � `I••:• ) 45—9/Signature ., • 7.4 TZ4 0- 0: TRLIE VALUE He\RD1-.: 844 SOMIT Si ELI IL !mPli;2-n0 t 11220;-0063 LUN 22 !ajk: 19sii 01 P0079 'AI! I SJNE.2113 C!JAW $TY e t12.00 Siql-f9;AL a, ".g. • TAX EXCEPTI;M !AX - TO7AL r‘r,74:- PRICE/PER EXTENSION O ALL RE'URN •17"- 0 H srORE C , 0 Acct. Name= EUIN ATcr, TISTORICAL E . eu use: • Acct. Number: 00?6.,.0 • - Phone: (703) 000400C • Auth. ri2 • 3 111 ,f7' 6.1.60.1\ft - • ii\kkie3 • RECEWED BY - •...- 011111k • • STATEMENT• • Date: 1/31/92 To: Mark Stephens 137 North Channing Street Elgin, IL 60120 Miscellaneous handyman work at Old Main, 360 Park St, Elgin 1-13-92 4 1/2 hours 1-14-92 4 hours 1-15-92 4 hours 1-20-92 4 hours 1-21-92 4 hours isik 1-22-92 4 hours 1-23-92 4 hours 1-27-92 4 hours 1-28-92 4 hours 1-29-92 4 hours 1-30-92 ' 4 hours 1-31-92 4 hours Total - 48 1/2 hours $727.50 Please remit to Mark Stephens at above address. • Thank you. r lid • • ;• . - .---.... i . I 1 i 4. /r s.. 26: , . Air _ . 1 11 • . . _ 0 r , • . , ' SL%I • • • i ;. Q 5'i 4. i _...... , . i 1 V Qt(11., efr 0 V Cf I: I, /71 ". i Sr x • iIII v.......c ,. 11 . h ..... v e it i., , / -.6) --i 14 J7 _ 9 ... b, ...., .....q / ..... I 4 4 . i 1 17 ....-..... 4, .00 ..-i...-71-1-707/6 '0747'_ • ._. -P' ri,,„ ii • Statement r Date //3// 5 Z To Ax v 'To A3 Cy • i ; / ti . civ./ /NiN • e-46 /A/%' /c. Go/zo I Please detach and returnth mittaupper portionnce. $ G wiyour re6 r.cr.D Date Charges and Credits Balance m'SZ . 1"Q4od 70 9( 97 S7 , 9— /oe6e/9.e t 7;;y,,( ; 1-"coo,c &a/NOows /=oi< /1Y2, 7s/4st • 4o /4 VT L 7//f RS• 1� of.av /7 n192- 7 NRS . /as_cry /coo y/,V 4 ii1eS• go. ov I°�le NrCC. /AO2 7 His, /Os-. 40-0 7�• " //a Ss�S Z f/LS. �L C/"..) 6',c, IZ •c o c //05. ""V/,VI 7. /Fks • iSas /os -e'o - // o/, • . 7. /1t . 4-1.a/,I /4 • 9° • av //3//n- 6 HRS. ,C /943 o/2 4. 40/ o (K; WilsonJones MINTED""`" Your Check is Your Receipt as