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HomeMy WebLinkAbout92-0212 Old Main Payout 2 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 $4, 100. 00 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: Fox Valley Design Works - Barry Wandell $ 1,600.00 Mielke-Lauderdale Electrical Contracting Co. $ 2,500.00 per the written direction of the Elgin Area Historical Society dated January 22, 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 Elm AgendaltemNo. January 27, 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 $4,100.00 for the payment of the following contractors utilized for the repairs completed to Old Main: Fox Valley Design Works - Barry Wendell $1600.00 Final Payment Mielke-Lauderdale Electrical Contracting Co. $2500.00 r 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 $4,100.00 ,fitter Lary . Ric 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 $4, 100.00 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: Fox Valley Design Works - Barry Wandell $ 1,600. 00 Mielke-Lauderdale Electrical Contracting Co. $ 2,500.00 per the written direction of the Elgin Area Historical Society dated January 22, 1992, a copy of which is attached hereto and made a part hereof by reference. George VanDeVoorde, Mayor Presented: February 12, 1992 Adopted: Vote: Yeas Nays Recorded: elk Attest: Dolonna Mecum, City Clerk Elgin Area Historical Society . c- T, ' CAC $0G January 22, 1992 TO WHOM IT MAY CONCERN: RESOLVED: The Elgin Area Historical Society gives written direction on January 22, 1992, to First National Bank of Elgin to release funds in the following amounts to the following contractors, from the Old Main Restoration Escrow Account. Bill submitted January 23, 1992. Fox Valley Design Works - Barry Wandell $1600.00 Final Payment Mielke-Lauderdale Electrical Contracting Co. $2500.00 Pay Request #1 kar \e‘ \i) Mart L. Rrueg-4 Chair an-Renovation Committee Elgin Area Historical Society 01)4 Mar lice Clute ntA Elg •� • rea Historical Society 360 Park Street, Elgin, Illinois 60120 (312) 742-4248 FROM: VALLEY INVOICE l' NO. �,Z Fe)X YALt£Y SIGN ©'RK 5 p� DATE: / 2- /2- Sid, 2-SId KATXLa-EN ST, YOUR 747113E-vcr, . /L• O/3 6 ORDER N0. OUR ORDER NO. J TO: ELrW AREA 1CAG. �pC/Lt Ty CDO PARK Cr ELC,IU 14, This bill is rendered only as an accommodation Terms are net cash and payable on presentation FOR LABOR AND SERVICES FURNISHED ON -6d 5TRO C rn5 DRAtw�'L t JL TNIRD Zoog REA)o /A77b� MA/fr.) /14 o 5EUMI. `SECONDDMA/ 8 00-0o 1-s,wyt. qollivot • \totba--- __T9PS 9 ±3833 DUPLICATE WHO IN USA • r . • • • 516 KATHLEEN ST. F Ox Valley GILBERTS, ILL. 60136 708-426-4862 pe s i g n Works • CUSTOM HOME DESIGN CUSTOM MILLWORK DESIGN �+royosal Elgin Historical Society Sept. 17, 1991 % Marge Krueger • 644 Oakland Avenue Elgin, Illinois 60120 Re: Third Floor Renovation Old Main Museum Elgin, Illinois • Fox Valley Design Works agrees to provide construction . drawings for the above mentioned job, consisting of 1 interior partition layout, interior elevations, sections, and details. Detailing to include coordination of construction details with electrical. H.V.A.C, plumbing, and fire protection, and structural contractors and drawings as provided to Fox Valley Design Works. Not included in proposal: Structural engineering or detailing. Electrical engineering or detailing. Mechanical engineering or detailing. Plumbing and fire protection engineering or detailing. . • Job site coordination. Total- $2400.00 (Two Thousand Four Hundred), including a retainer of $800.00. Balance due within (10) ten days of acceptance of completed drawings. Fox Valley Design Woks Accepted: Date: Barry Wandell 1 - / Pi1IELKE•LAUDERDALE statement ox Monti ELECTRICAL CONTRACTING CO. 1418 Illinois Parkway ®caR,47,m- #1 ❑comrart ❑a_:a: • ' ELGIN. ILLINOIS 60123 • r` (708)742-2653 . m:FroT° CP•T,•Ci T4 MbdCT u° • TO: MARGARET IRUEGER • 544 OAKLAND AVE. • CLD MAIN - 3RD FLOOR ELGIN, IL 60120 ELGIN, IL ,•u4 I a,cmtf.:T • `. STATEMENT OF CONTRACT: • ORIGINAL CONTRACT AMOUNT S 8,900.00 CHANGE CRDSRS TO DATE • S ADJUSTED CONTRACT AMOUNT - S 8,900.00 CHANGE ORDER RECORD: . ' NO.OF CHANGE ORDERS TO DATE CHANGE ORDER INCREASE S • • CHANGE ORDER D!CREASE _ _ . . • NET CHANGE S -O- SUMMARY OF PAYMENTS: • TOTAL BILLED TO DATE _ S' -0- TOTAL 0- TO T AL RETAINAGE TO DATE S -0- • T')TAL PAYMENTS REC=:'/EG S -0- • • PAY C T IN PROCESS------ —0= C • S • A'.10UNT TrtS FAi7•••.Ft.T._._ • S 2,500.00 • • LESS 4b RETAINAGE,• S -0- CERTIFIED BY: PAY THIS AMOUNT- > • S 2,500.00 The u::::ers4ned certifies that to the best of their kno::!ed;e, ir::c:maticn, and belief, the•wcrk covered by this s:a: has been completed in accordance with the contract dccun ents. That Clamounts have been paid for which previ: s:a:e:r:an;s were issued and payments recei.• , and that the current payment shown is now due. X Date . 1-8-92 X Date • • X • Date • moor ow .c.d....r..ion.t.°..Nee Towles T.nb..o. Thank Y 1 MIELKE-LAUDERDALE U I "/' lU J 1� -. L--_ 1 ELECTRICAL CONTRACTING CO. 1418 Illinois Parkway ELGIN, ILLINOIS 60123-3224 • 715 6 (708) 742-2653 ,RLT KRtJDGPR • _ —_.- — 1-8-92 DATE • -- _4_Q1 ID AVE. ----- JOB NAME OLD MAIN — 3RD FLIOOR - - E[GIldx_31 60120 ------ JOB LOGTION -MEIN/ IL - muds DESCRIPTION PRICE AMOUNT • - OW MAIN — 3RD FLOOR — PAY RDQUEST #1 $2,500 00 • _ ________ _ _ • • _ _ ORIGINAL Orla4C164LV goaaa (�s...�..�w�no