14-116 Resolution No. 14-116
RESOLUTION
AUTHORIZING EXECUTION OF AN AGREEMENT
WITH PULTE HOME CORPORATION
REGARDING CERTAIN PUBLIC IMPROVEMENTS IN
SHADOW HILL SUBDIVISION UNIT 4
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS,
that David J. Kaptain, Mayor, and Kimberly A. Dewis, City Clerk, be and are hereby authorized
and directed to execute an Agreement on behalf of the City of Elgin with Pulte Home
Corporation regarding certain public improvements in Shadow Hill Subdivision Unit 4, a copy of
which is attached hereto and made a part hereof by reference.
s/David J. Kaptain
David J. Kaptain, Mayor
Presented: August 27, 2014
Adopted: August 27, 2014
Omnibus Vote: Yeas: 9 Nays: 0
Attest:
s/Kimberly Dewis
Kimberly Dewis, City Clerk
AGREEMENT
REGARDING CERTAIN PUBLIC IMPROVEMENTS
IN SHADOW HILL SUBDIVISION UNIT 4
THIS AGREEMENT, made this 27th day of August 2014 by and
between PULTE HOME CORPORATION, a Michigan corporation, successor in interest to
Centex Real Estate Corporation, a Nevada corporation, the managing general partner of Centex
Homes, a Nevada general partnership ("Developer") and CITY OF ELGIN, an Illinois
municipal corporation (the"City").
WHEREAS, Developer is the developer of the property identified in the Final Plat of
Subdivision for Shadow Hill - Unit 4 recorded in the office of the Kane County Recorder on July
6, 2006, as Document No. 2006K071565 (such property is hereinafter referred to as the "Subject
Property" and such final plat of subdivision is hereinafter referred to as the "Plat"), a copy of
the Plat being attached hereto as Exhibit I; and
WHEREAS, for all purposes of this Agreement, the term "Phase 1" shall be deemed to
include the area of the Subject Property as shown on a marked up copy of the Plat attached hereto
as Exhibit II comprised of(i) Lots 1 through 95, both inclusive, and (ii) Parcel A, Parcel B,
Parcel C, Parcel E, Range Road, and the other roadways and the portions of such roadways on
the Subject Property located northerly of the northerly line of Range Road; and
WHEREAS, for all purposes of this Agreement, the term "Phase 2" shall be deemed to
include the area of the Subject Property as shown on Exhibit II comprised of(i) Lots 96 through
132, both inclusive, (ii) Parcel D; and (iii) the portions of Senora Drive and Monument Drive
located southerly of the southerly line of Range Road; and
WHEREAS, Developer has completed the installation of a substantial portion of the
public improvements in Phase 1 and the City has inspected and approved such installed public
improvements; and
WHEREAS, Developer has obtained temporary or permanent occupancy permits for at
least seventy-five percent (75%) of the dwellings to be constructed in Phase 1; and
WHEREAS, Developer has completed mass grading of Phase 2 and anticipates
beginning the installation of the remaining public improvements in Phase 2 in the Spring of 2014
and completing same during the Summer of 2014.
WHEREAS, Developer previously deposited with the City bonds covering the
improvements for a phasing plan within the Subject Property different from the actual phasing
plan as installed and constructed; and
WHEREAS, Developer desires that the City accept all Phase 1 Public Improvements,
hereinafter defined, except for sidewalks and parkway trees not completed as of the date of the
City's acceptance of such public improvements; and
WHEREAS, the parties have identified other matters in issue between them in regard to
Phase 1 and Phase 2; and
WHEREAS, the City and Developer have come to an agreement as to the acceptance of
public improvements in Phase 1 and Phase 2 and desire to reduce said agreements to writing to
memorialize such agreements.
NOW THEREFORE, in consideration of the mutual covenants contained herein and
other good and valuable consideration, receipt of which is hereby acknowledged, the parties
agree as follows:
1. A. For all purposes of this Agreement, the term "Public Improvements" shall be
deemed to refer to the following located within each of Phase 1 and Phase 2: (a) public streets; (b)
street lighting; (c) street signage; (d) storm sewers; (e) water main; (f) sanitary sewers; (g)
sidewalks and trees, mulch, black dirt and sod (collectively the "Parkway Improvements") and
(h)related appurtenances.
B. For purposes of clarification, it is agreed and understood that the detention
facilities and any bike paths within the Subject Property are private improvements and will not be
accepted by the City. For purposes of further clarification, it is also agreed and understood that
the Phase 1 Public Improvements shall include, but shall not be limited to, the construction of
Range Road. Such construction of Range Road as part of the Phase 1 Public Improvements shall
include all public improvements for a public street typically required by the City, including all
street improvements and all public utilities; provided, however, that the street lights and Parkway
Improvements on the south side of Range Road shall be included within the Phase 2 bond and
constructed as part of the Phase 2 Public Improvements.
2. A. Exhibit III attached hereto depicts the breakdown of the phases of the Subject
Property as originally bonded ("Original Phases"). The Original Phases are currently bonded by
Developer by deposit with the City of. (1) Continental Bond #929423687 as to Original Phase 1 in
the amount of$826,165.21; and (2) Continental Bond #929423686 as to Original Phase 2 in the
amount of$1,814,127.57 (such bonds are hereinafter referred to as the "Current Bonds").
B. Exhibit II attached hereto is a depiction of the actual phasing of the
development of the Subject Property as installed and constructed by Developer, and for all
purposes of this Agreement the term "Actual Phases" shall be deemed to refer to the Phases
depicted in Exhibit II.
C. Exhibit IV attached hereto is comprised of (i) engineer's estimates of the
construction costs of Phases 1 and 2 of the Actual Phases as originally designed prior to the
installation of any of the Public Improvements and (ii) engineer's estimates of the construction
costs of the work yet to be completed of the Public Improvements in Phase 1 of the Actual Phase
and the cost of the Public Improvements in Phase 2 of the Actual Phase.
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3. A. Upon (i) execution of this Agreement, (ii) Developer depositing with the City a
performance bond or bonds covering the Phase 1 Public Improvements in the amount of
$672,214.57 ("Phase 1 Performance Bond"), and (iii) Developer depositing the Phase 2
Performance Bond, as defined in the following Paragraph 4 in the amount of$834,910.67, the City
shall release the Current Bonds.
B. The parties acknowledge and agree that the Phase 1 Performance Bond is in the
aggregate amount of (i) ten percent (10%) of the estimate for completed earthwork improvements in
Phase 1, plus (ii) ten percent (10%) of the estimate for completed underground improvements in
Phase 1, plus (iii) ten percent (10%) of the estimate for completed surface improvements in Phase
1,plus (iv) ten percent (10%) of the estimate for Phase 1 Parkway Improvements installed as of the
date of this Agreement, plus (v) one hundred ten percent (110%) of the estimate for the Phase 1
Parkway Improvements not installed as of the date of this Agreement, and plus (vi) one hundred
ten percent (110%) of the estimate for the Phase 1 public street surface improvements not installed
as of the date of this Agreement, all as set forth in Exhibit IV.
C. The parties acknowledge and agree that the City shall by appropriate
Resolution of the City Council accept the Phase 1 Public Improvements completed prior to the date
of the aforementioned Resolution within 45 days after Developer has (a) completed and corrected
all outstanding punch list items for the Phase 1 Public Improvements and (b) installed the final
surface course on the streets in Phase 1, all to the satisfaction of the City's Engineer. The punch
list for outstanding items to be completed and corrected for the Phase 1 Public Improvements shall
be prepared by the City after the entry into this Agreement. Since seventy-five percent (75%) or
more dwelling units to be constructed in Phase 1 have been issued temporary or permanent
occupancy permits, the City shall accept the Phase 1 Public Improvements prior to the Developer
installing all Parkway Improvements. Notwithstanding the foregoing, or anything else to the
contrary in this Agreement, the City's acceptance of such Phase I Public Improvements shall not
include acceptance of the Parkway Improvements adjacent to the 19 lots in Phase 1 for which
Parkway Improvements have yet to be completed, such 19 lots being shaded and depicted on
Exhibit 1 hereto and consisting of the following Lots in Phase 1: 55, 56, 58, 60, 67, 68, 69, 70, 80,
81, 82, 87, 88, 89, 90, 91, 92, 93 and 95.Additionally, and notwithstanding the City's acceptance of
the Phase 1 Public Improvements, Developer shall continue to be responsible for the installation of
the planting and live growth of parkway trees, together with the remaining Phase 1 Parkway
Improvements as required by the terms and provisions of the City code and/or the annexation
agreement pertaining to the Shadow Hill Subdivision, or shall cause the installation of the Phase 1
Parkway Improvements to be completed by others. The installation of the Phase 1 Parkway
Improvements shall also be in conformance with the approved final engineering plans for Phase 1.
The installation of the Phase 1 Parkway Improvements shall be completed in conjunction with the
development of the lot adjacent to the specific Phase 1 Parkway Improvements. For the purpose
of clarification, such Phase 1 Parkway Improvements shall include, but not be limited to, the
installation of the required sidewalk on each individual lot in Phase 1 as required by the approved
final engineering plans for Phase 1. The installation of sidewalks shall also be in conformance
with the approved final engineering plans for Phase 1. Notwithstanding the foregoing, or anything
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else to the contrary in this Agreement, upon the occurrence of the earlier of 90% or more of the
dwelling units to be constructed within Phase 1 having been issued temporary or permanent
occupancy permits, or the fifth anniversary of this Agreement and in the event any required
sidewalks or other Parkway Improvements have not been installed in Phase 1, Developer shall
complete the installation of all required sidewalks and other Parkway Improvements in Phase 1.
D. Upon City Council acceptance of the completed Phase 1 Public Improvements
the City shall return the Phase 1 Performance Bond to the Developer provided that the Developer
has deposited (a) a one year maintenance bond with the City reflecting ten percent (10%) of the
estimate for the Phase 1 Public Improvements installed prior to the date of the aforementioned
Resolution and (b) a bond with the City reflecting one hundred ten percent (110%) of the estimate
for the Phase l Parkway Improvements not installed prior to the date of the aforementioned
Resolution (such bond is hereinafter referred to as "Phase 1 Parkway Improvement Bond".
The City shall release the Phase 1 Parkway Improvement Bond to the Developer and accept the
remaining Phase I Parkway Improvements once all Phase 1 Parkway Improvements have been
installed and Developer has deposited a one year maintenance bond with the City reflecting ten
percent(10%) of the estimate for the Phase 1 Parkway Improvements not installed prior to the date
of the aforementioned Resolution.
4. A. Upon (i) execution of this Agreement, (ii) Developer depositing with the City
the Phase 1 Performance Bond, as defined in the preceding Paragraph 3 in the amount of
$672,214.57, and (iii) Developer depositing with the City a bond or bonds covering the Phase 2
Public Improvements in the amount of$834,910.67 ("Phase 2 Performance Bond") the City shall
release the Current Bonds.
B. The parties acknowledge and agree that the Phase 2 Performance Bond is in the
amount of One Hundred ten percent (110%) of the estimate for the Phase 2 Public Improvements,
as set forth in Exhibit IV.
C. The Phase 2 Performance Bond shall remain in place until the Phase 2 Public
Improvements have been completed and have been accepted by the City. The installation of the
Phase 2 Public Improvements shall be completed by Developer no later than the occurrence of the
tenth (10`h) anniversary of this Agreement. Additionally, in the event the Phase 2 Public
Improvements have not been fully installed and accepted by the City by the fifth (5`h) anniversary
of this Agreement, Developer shall submit to the City an updated and then current engineer's
estimate of the cost of the remaining Phase 2 Public Improvements and, in the event that one
hundred ten percent (110%) of such updated engineer's estimate as approved by the City is greater
than the amount of the Phase 2 Performance Bond, Developer agrees to provide the City an
updated bond in the increased estimated amount of one hundred ten percent (110%) of the cost of
the remaining Phase 2 Public Improvements.
5. Subject to the terms and provisions of this Agreement, the Phase 1 Performance Bond
and the Phase 2 Performance Bond shall be reduced by the City on a periodic basis in accordance
-4-
with the City's customary practices upon the request of Developer as the Public Improvements are
constructed by Developer and accepted by the City.
6. Miscellaneous Provisions:
a. This Agreement shall not be modified, altered, or amended without a further
written document signed by each of the parties hereto.
b. This Agreement shall inure to the benefit of and be binding upon the
successors and assigns of each party hereto.
C. Venue of any action for enforcement of, or arising out of any breach of, the
terms and provisions of this Agreement shall lie in the Circuit Court of Kane
County, Illinois.
d. Each person signing and delivering this document covenants and warrants
that he/she has been duly authorized to do so for and on behalf of the party
for whom he/she has taken such action.
e. All notices and other communications hereunder shall be in writing and
shall be deemed given if personally delivered or mailed by registered or
certified mail (return receipt requested) or by courier delivery to the parties
at the following addresses (or such other addresses for party as shall be
specified by like notice) and shall be deemed received on the date on which
so hand-delivered or the second business day following the date on which so
mailed or sent by courier:
TO THE CITY:
City of Elgin
150 Dexter Court
Elgin, Illinois 60120
Attention: City Manager
WITH A COPY TO:
City of Elgin
150 Dexter Court
Elgin, Illinois 60120
Attention: Corporation Counsel
TO DEVELOPER:
Pulte Home Corporation
1901 North Roselle Road, Suite 1000
Schaumburg, Illinois 60195
Attention: Joanne M. Bowers
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WITH A COPY TO:
Richard L. Heimberg, Esq.
Brady&Jensen LLP
2425 Royal Boulevard
Elgin, Illinois 60123
IN WITNESS WHEREOF, the parties hereto have entered into and executed this
agreement as of the date and year first written above.
CITY OF ELGIN PULTE O ORA ION
By: By:
Mayor
Attest:
City Clerk
FALegal Dept\Agrecment\Acceptance Agr-Public Improvements-Centex-Shadow Hill Unit 4-clean-7-22-14.rtf
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Exhibit IV
SHADOW HILL UNIT 4
ENGINEER'S ESTIMATE OF CONSTRUCTION COST
BY CEMCON
FOR CITY OF ELGIN-ENGINEERING DIVISION
Job/Project#:675.007 402.031
Prepared by:CEMCON Ltd.
Rev.by:ARF
Date:2/23/2006
Revision:3/512014
NO. ITEM UNIT UNIT PRICE ESTIMATED COST SUBTOTAL
QUANTITY
A.EARTHWORK&EROSION CONTROL
1 SILT FENCE LF $ 2.00 7152 $ 14,304.00
2 TREE PROTECTION/BARRIER FENCE UNIT 0 $ -
3 CONSTRUCTION ENTRANCE EA $ 2,000.00 1 $ 2,000.00
4 DITCH CHECK EA 0 $ -
5 STRUCTURE SILT PROTECTION EA $ 200.00 61 $ 12,200.00
6 TREE REMOVAL<6" EA 0 $ -
7 TREE REMOVAL>6" EA 0 $
8 CLEARING&GRUBBING AC 0 $ -
9 TOPSOIL STRIPPING&STOCKPILING CY $ 1.90 112360 $ 213,484.00
10 EXCAVATION CY $ 2.40 167080 $ 400,992.00
11 GRADING AC $ 1,450.00 27 $ 39,150.00
12 BACKFILLING CY $ 1.00 20040 $ 20,040.00
13 EROSION CONTROL BLANKET SF $ 0.25 9000 $ 2,250.00
14 TOPSOIL RESPREAD CY $ 2.20 45380 $ 99,836.00
15 TEMPORARY SEEDING AC 0 $ -
16 PERMANENT SEEDING AC $ 3,000.00 33 $ 99,000.00
17 SODDING(ROW) SY $ 2.50 17304 $ 43,260.00
18 TREE PLANTING EA $ 400.00 132 $ 52,800.00
$ 999,316.00
B.SANITARY SEWER
19 8"PVC,0-10'DEEP LF $ 19.20 6087 $ 116,870.40
20 - 8"PVC,10-20'DEEP LF $ 26.50 500 $ 13,250.00
21 10"PVC,0-10'DEEP LF 0 $ -
22 10"PVC,10-20'DEEP LF $ 30.50 1182 $ 36,051.00
23 48"MH,Ty-A,FRAME-LID,0-10'DEEP EA $ 1,600.00 30 $ 48,000.00
24 48"MH,Ty-A,FRAME-LID,10-20'DEEP EA $ 2,600.00 7 $ 18,200.00
25 48"MH,Ty-A,FRAME-LID,0-10'DEEP,DROP CONN. EA 0 $ -
26 48"MH,Ty-A,FRAME-LID,10-20'DEEP,DROP CONN. EA $ 5,500.00 1 $ 5,500.00
27 6"PVC SERVICE LF $ 17.50 5020 $ 87,850.00
28 CONNECTION TO EXISTING SANITARY MANHOLE EA $ 500.00 7 $ 3,500.00
29 TRENCH BACKFILL(ca-6) CY $ 18.50 1200 $ 22,200.00
30 TELEVISE INSPECTION LF $ 2.00 7769 $ 15,538.00
$ 366,959.40
C.WATERMAIN
31 6"DIWM LF 0 $ -
32 8"DIWM LF $ 19.00 9149 $ 173,831.00
33 12"DIWM LF 0 $ -
34 16"DIWM LF 0 $
35 20"DIWM LF 0 $
36 24"DIWM LF 0 $ -
37 8"VALVE-48"VAULT EA $ 1,600.00 16 $ 25,600.00
38 12"VALVE-60"VAULT EA 0 $ -
39 16"VALVE-60"VAULT EA 0 $
40 20"VALVE-72"VAULT EA 0 $
41 24"VALVE-72"VAULT EA 0 $ _
42 FIRE HYDRANT W/6"AUXILIARY VALVE EA $ 2,000.00 25 $ 50,000.00
43 CONNECTION TO EXISTING WATERMAIN EA $ 1,000.00 8 $ 8,000.00
44 WATER PRESSURE TEST LS $ 8,000.00 1 $ 8,000.00
45 TRENCH BACKFILL(ca-6) CY $ 18.50 500 $ 9,250.00
$ 274,681.00
S� 1
Exhibit IV
SHADOW HILL UNIT 4
ENGINEER'S ESTIMATE OF CONSTRUCTION COST
BY CEMCON
FOR CITY OF ELGIN-ENGINEERING DIVISION
Job/Project#:675.007 402.031
Prepared by:CEMCON Ltd.
Rev.by:ARF
Date:2/23/2006
Revision:3/512014
NO. ITEM UNIT UNIT PRICE ESTIMATED COST SUBTOTAL
QUANTITY
D.STORM SEWER
46 12"RCP LF $ 15.00 6867 $ 103,005.00
47 15"RCP LF $ 17.00 1491 $ 25,347.00
48 18"RCP LF $ 20.00 490 $ 9,800.00
49 21"RCP LF $ 24.00 168 $ 4,032.00
50 24"RCP LF $ 28.00 201 $ 5,628.00
51 30"RCP LF $ 34.20 206 $ 7,045.20
52 36"RCP LF $ 46.00 122 $ 5,612.00
53 42"RCP LF 0 $ -
54 48"RCP LF 0 $ -
55 12"FES W/GRATE EA $ 500.00 6 $ 3,000.00
56 15"FES W/GRATE EA $ 520.00 2 $ 1,040.00
57 18"FES W/GRATE EA 0 $ -
58 21"FES W/GRATE EA $ 800.00 1 $ 800.00
59 24"FES W/GRATE EA 0 $ -
60 30"FES W/GRATE EA $ 1,100.00 1 $ 1,100.00
61 36"FES W/GRATE EA 0 $ -
62 42"FES W/GRATE EA 0 $
63 48"FES W/GRATE EA 0 $ -
64 36"CATCH BASIN,TYPE A or C,FRAME-LID EA $ 1,200.00 70 $ 84,000.00
65 48"CATCH BASIN,TYPE A or C,FRAME-LID EA $ 1,300.00 4 $ 5,200.00
66 48"MANHOLE EA $ 1,300.00 34 $ 44,200.00
67 CONNECTION TO EXISTING STRUCTURE EA $ 1,000.00 9 $ 9,000.00
68 TRENCH BACKFILL(ca-6) CY $ 18.50 450 $ 8,325.00
69 TELEVISE INSPECTION LF $ 2.50 9785 $ 24,462.50
$ 341,596.70
E.PAVEMENT
70 4"AGGREGATE BASE COURSE TYPE B(CA-6) SY $ 3.00 37375 $ 112,125.00
71 6"BITUMINOUS BASE COURSE SY $ 11.70 31800 $ 372,060.00
72 1.5"CLASE 1 BITUMINOUS BINDER COURSE SY $ 3.45 31800 $ 109,710.00
73 1.5"CLASE 1 BITUMINOUS SURFACE COURSE SY $ 3.80 31800 $ 120,840.00
74 BITUMINOUS MATERIAL PRIME COAT @ 0.3 GAUSY GAL $ 1.20 9537 $ 11,444.40
75 BITUMINOUS MATERIAL TACK COAT @ 0.1 GAUSY GAL $ 1.20 3181 $ 3,817.20
76 PCC CURB&GUTTER TYPE 86.18 LF 0 $ -
77 PCC CURB&GUTTER TYPE 86.12 LF $ 9.00 20040 $ 180,360.00
78 PCC CURB&GUTTER TYPE"B"MODIFIED LF 0 $ -
79 PCC SIDEWALK 5'WIDE,W/4"CA-6 SUB-BASE SF $ 3.00 87545 $ 262,635.00
80 10'PATHWAY(2"SFE.CSE,8"AGG.BASE CSE.TY B) LF $ 19.00 1760 $ 33,440.00
$ 1,206,431.60
F.LIGHTING AND SIGNAGE
81 175 WATTS METAL HALIDE,25'POLE W/6'ARM EA $ 3,000.00 28 $ 84,000.00
82 250 WATTS METAL HALIDE,25'POLE W/6'ARM EA $ 4,000.00 12 $ 48,000.00
83 400 WATTS METAL HALIDE,25'POLE W/6'ARM EA 0 $ -
84 STOP SIGNS EA $ 150.00 16 $ 2,400.00
85 STREET-NAME SIGNS EA $ 150.00 14 $ 2,100.00
86 STRIPPING LS 0 $ -
$ 136,500.00
G.MISCELLANEOUS
87 PVC SERVICE RISER EA $ 130.00 32 $ 4,160.00
88 WATER SERVICE 1",TY.K w/BOX(LONG) EA $ 700.00 79 $ 55,300.00
Z
Exhibit IV
SHADOW HILL UNIT 4
ENGINEER'S ESTIMATE OF CONSTRUCTION COST
BY CEMCON
FOR CITY OF ELGIN-ENGINEERING DIVISION
Job/Project#:675.007 402.031
Prepared by:CEMCON Ltd.
Rev.by:ARF
Date:2/23/2006
Revision:3/512014
NO. ITEM UNIT UNIT PRICE ESTIMATED COST SUBTOTAL
QUANTITY
89 WATER SERVICE 1",TY.K w/BOX(SHORT) EA $ 300.00 53 $ 15,900.00
90 WATERMAIN PROTECTION LS $ 10,000.00 1 $ 10,000.00
91 STORM SEWER,6"PERFORATED PVC w/FILTER FABRIC LF $ 18.00 448 $ 8,064.00
92 STORM SEWER,27"RCP LF $ 33.00 240 $ 7,920.00
93 INLET TY.A EA $ 600.00 13 $ 7,800.00
94 INLET TY.B EA $ 1,100.00 1 $ 1,100.00
95 48"CATCH BASIN,TY A W/RESTRICTOR EA $ 6,000.00 2 $ 12,000.00
96 60"MANHOLE EA $ 1,700.00 4 $ 6,800.00
97 CLEAN OUT STRUCTURE EA $ 500.00 8 $ 4,000.00
98 RIP RAP w/MAINTENANCE CY $ 30.00 100 $ 3,000.00
$ 136,044.00
TOTAL ESTIMATED COST= $ 3,461,528.70
110%AMOUNT= $ 3,807,681.57
1.5%AMOUNT= $ 51,922.93
3
Exhibit IV
SHADOW HILL UNIT 4-PHASE 1
LETTER OF CREDIT REDUCTION
BY CEMCON
FOR CITY OF ELGIN -ENGINEERING DIVISION
Job/Project#:675.007 402.031
Prepared by:CEMCON Ltd.
Rev.by:ARF
Date:11/19/2009
Revision:3/5/2014
ORIGINAL
NO. ITEM UNIT UNIT PRICE ESTIMATED L.O.C. COMPLETED COMPLETED
QUANTITY AMOUNT PERCENT AMOUNT
A-EARTHWORK&EROSION CONTROL
1 SILT FENCE LF $ 2.00 3752 $ 7,504.00 100% $ 7,504.00
2 TREE PROTECTION/BARRIER FENCE UNIT $ - $ -
3 CONSTRUCTION ENTRANCE EA $ $
4 DITCH CHECK EA $ - $ -
5 'STRUCTURE SILT PROTECTION EA $ 200.00 35 $ 7,000.00 100% $ 7,000.00
6 TREE REMOVAL<6" EA $ - $ -
7 TREE REMOVAL>6" EA $ $
8 CLEARING&GRUBBING AC $ - $ -
9 TOPSOIL STRIPPING&STOCKPILING CY $ 1.90 89190 $ 169,461.00 100% $ 169,461.00
10 EXCAVATION CY $ 2.40 132620 $ 318,288.00 100% $ 318,288.00
11 GRADING AC $ 1,450.00 15 $ 21,750.00 100% $ 21,750.00
12 BACKFILLING CY $ 1.00 15920 $ 15,920.00 100% $ 15,920.00
13 EROSION CONTROL BLANKET SF $ 0.25 9000 $ 2,250.00 100% $ 2,250.00
14 TOPSOIL RESPREAD CY $ 2.20 32660 $ 71,852.00 100% $ 71,852.00
15 TEMPORARY SEEDING AC $ - $ -
16 PERMANENT SEEDING AC $ 3,000.00 23 $ 69,000.00 100% $ 69,000.00
17 SODDING(ROW) SY $ 2.50 11498 $ 28,745.00 74% $ 21,271.30
18 TREE PLANTING EA $ 400.00 95 $ 38,000.00 80% $ 30,400.00
SUBTOTAL IT749,770,00 734,696.30
B.SANITARY SEWER
19 8"PVC,0-10'DEEP LF $ 19.20 4747 $ 91,142.40 100% $ 91,142.40
20 8"PVC,10-20'DEEP LF $ 26.50 160 $ 4,240.00 100% $ 4,240.00
21 10"PVC,0-10'DEEP LF $ - $ -
22 10"PVC,10-20'DEEP LF $ 30.50 1182 $ 36,051.00 100% $ 36,051.00
23 48"MH,Ty-A,FRAME-LID,0-10'DEEP EA $ 1,600.00 23 $ 36,800.00 100% $ 36,800.00
24 48"MH,Ty-A,FRAME-LID,10-20'DEEP EA $ 2,600.00 4 $ 10,400.00 100% $ 10,400.00
25 48"MH,Ty-A,FRAME-LID,0-10'DEEP,DROP CONN. EA $ - $ -
26 48"MH,Ty-A,FRAME-LID,10-20'DEEP,DROP CONN. EA $ 5,500.00 1 $ 5,500.00 100% $ 5,500.00
27 6"PVC SERVICE LF $ 17.50 3785 $ 66,237.50 100% $ 66,237.50
28 CONNECTION TO EXISTING SANITARY MANHOLE EA $ 500.00 2 $ 1,000.00 100% $ 1,000.00
29 TRENCH BACKFILL(ca-6) CY $ 18.50 1200 $ 22,200.00 100% $ 22,200.00
30 TELEVISE INSPECTION LF $ 2.00 6089 $ 12,178.00 100% $ 12,178.00
SUBTOTAL 285,748.90 286,748.90
C.WATERMAIN
31 6"DIWM LF $ - $ -
32 8"DIWM LF $ 19.00 7172 $ 136,268.00 100% $ 136,268.00
33 12"DIWM LF $ - $ -
34 16"DIWM LF $ $
35 20"DIWM LF $ $
36 24"DIWM LF $ - $ -
37 8"VALVE-48"VAULT EA $ 1,600.00 15 $ 24,000.00 100% $ 24,000.00
38 12"VALVE-60"VAULT EA $ - $ -
39 16"VALVE-60"VAULT EA $ $
40 20"VALVE-72"VAULT EA $ $
41 24"VALVE-72"VAULT EA $ - $ -
42 FIRE HYDRANT W/6"AUXILIARY VALVE EA $ 2,000.00 19 $ 38,000.00 100% $ 38,000.00
43 CONNECTION TO EXISTING WATERMAIN EA $ 1,000.00 2 $ 2,000.00 100% $ 2,000.00
44 WATER PRESSURE TEST LS $ 8,000.00 0.8 $ 6,720.00 100% $ '6,720.00
45 TRENCH BACKFILL(ca-6) CY $ 18.50 500 $ 9,250.00 100% $ 9,250.00
UBTOTAL 216,238.00 216,238.00
L4
Exhibit IV
SHADOW HILL UNIT 4-PHASE 1
LETTER OF CREDIT REDUCTION
BY CEMCON
FOR CITY OF ELGIN-ENGINEERING DIVISION
Job/Project#:675.007 402.031
Prepared by:CEMCON Ltd.
Rev.by:ARF
Date: 11/19/2009
Revision:3/5/2014
ORIGINAL
NO. ITEM UNIT UNIT PRICE ESTIMATED L.O.C. COMPLETED COMPLETED
QUANTITY AMOUNT PERCENT AMOUNT
D.STORM SEWER
46 12"RCP LF $ 15.00 5233 $ 78,495.00 100% $ 78,495.00
47 1 "RCP LF $ 17.00 1491 $ 25,347.00 100% $ 25,347.00
48 1 'RCP LF $ 20.00 490 $ 9,800.00 100% $ 000.00
49 21"RCP LF $ 24.00 168 $ 4,032.00 100% $ 4,032.00
50 24"RCP LF $ 28.00 201 $ 5,628.00 100% $ 5,626.00
51 30"RCP LF $ 34.20 206 $ 7,045.20 100% $ 7,045.20
52 36"RCP LF $ 46.00 122 $ 5,612.00 100% $ 5,612.00
53 42"RCP LF $ - $ -
54 48"RCP LF $ - $ -
55 12"FES W/GRATE EA $ 500.00 4 $ 2,000.00 100% $ 2,000.00
56 15"FES W/GRATE EA $ 520.00 2 $ 1,040.00 100% $ 1,040.00
57 18"FES W/GRATE EA $ - $ -
58 21"FES W/GRATE EA $ 800.00 1 $ 800.00 100% $ 800.00
59 24"FES W/GRATE EA $ - $ -
60 30"FES W/GRATE EA $ 1,100.00 1 $ 1,100.00 100% $ 1,100.00
61 36"FES W/GRATE EA $ - $ -
62 42"FES W/GRATE EA $ $
63 48"FES W/GRATE EA $ - $ -
64 36"CATCH BASIN,TYPE A or C,FRAME-LID EA $ 1,200.00 52 $ 62,400.00 100% $ 62,400.00
65 48"CATCH BASIN,TYPE A or C,FRAME-LID EA $ 1,300.00 4 $ 5,200.00 100% $ 5,200.00
66 48"MANHOLE EA $ 1,300.00 34 $ 44,200.00 100% $ 44,200.00
67 CONNECTION TO EXISTING STRUCTURE EA $ - $ -
68 TRENCH BACKFILL(Ca-6) CY $ 18.50 425 $ 7,862.50 100% $ 7,862.50
69 TELEVISE INSPECTION LF $ 2.50 8151 $ 20,377.50 100% $ 20,377.50
SUBTOTAL I T-280,939,20] 280,939.20
E.PAVEMENT
70 4"AGGREGATE BASE COURSE TYPE B(CA-6) SY $ 3.00 30015 $ 90,045.00 100% $ 90,045.00
71 6"BITUMINOUS BASE COURSE SY $ 11.70 25590 $ 299,403.00 100% $ 299,403.00
72 1.5"CLASE 1 BITUMINOUS BINDER COURSE SY $ 3.45 25590 $ 88,285.50 100% $ 88,285.50
73 1.5"CLASE 1 BITUMINOUS SURFACE COURSE SY $ 3.80 25590 $ 97,242.00 0% $ -
74 BITUMINOUS MATERIAL PRIME COAT @ 0.3 GAL/SY GAL $ 1.20 7677 $ 9,212.40 100% $ ,9,212.40
75 BITUMINOUS MATERIAL TACK COAT @ 0.1 GAL/SY GAL $ 1.20 2560 $ 3,072.00 0% $
76 FfCC CURB&GUTTER TYPE 136.18 LF $ - $ -
77 PCC CURB&GUTTER TYPE B6.12 LF $ 9.00 15920 $ 143,280.00 100% $ 143,280.00
78 PCC CURB&GUTTER TYPE"B"MODIFIED LF $ - $ -
79 PCC SIDEWALK S WIDE,W/4"CA-6 SUB-BASE SF $ 3.00 64495 $ 193,485.00 84% $ 162,527.40
80 10'PATHWAY(2"SFE.CSE,8"AGG.BASE CSE.TY B) LF $ 19.00 1760 $ 33,440.00 100% $ 33,440.00
SUBTOTAL 957,464.90 826,193.30
F.LIGHTING AND SIGNAGE
81 175 WATTS METAL HALIDE,25'POLE W/6'ARM EA $ 3,000.00 19 $ 57,000.00 100% $ 57,000.00
82 250 WATTS METAL HALIDE,25'POLE W/6'ARM EA $ 4,000.00 12 $ 48,000.00 100% $ 48,000.00
83 400 WATTS METAL HALIDE,25'POLE W/6'ARM EA $ - $ -
84 STOP SIGNS EA $ 150.00 13 $ 1,950.00 100% $ 1,950.00
85 STREET-NAME SIGNS EA $ 150.00 14 $ 2,100.00 100% $ 2,100.00
86 STRIPPING LS $ - $ -
SUBTOTAL is 109,050.00 1 is 109,050.00
Exhibit IV
SHADOW HILL UNIT 4-PHASE 1
LETTER OF CREDIT REDUCTION
BY CEMCON
FOR CITY OF ELGIN -ENGINEERING DIVISION
Job/Project#:675.007 402.031
Prepared by:CEMCON Ltd.
Rev.by:ARF
Dale: 11/19/2009
Revision:3/5/2014
ORIGINAL
NO. ITEM UNIT UNIT PRICE ESTIMATED L.O.C. COMPLETED COMPLETED
QUANTITY AMOUNT PERCENT AMOUNT
G.MISCELLANEOUS
87 PVC SERVICE RISER EA $ 130.00 32 $ 4,160.00 100% $ 4,160.00
88 WATER SERVICE 1",TY.K w/BOX(LONG) EA $ 700.00 57 $ 39,900.00 100% $ 39,900.00
89 WATER SERVICE 1",TY.K w/BOX(SHORT) EA $ 300.00 38 $ 11,400.00 100% $ 11,400.00
90 WATERMAIN PROTECTION LS $ 10,000.00 0.84 $ 8,400.00 100% $ 8,400.00
91 STORM SEWER,6"PERFORATED PVC w/FILTER FABRIC LF $ 18.00 96 $ 1,728.00 100% $ 1,728.00
92 STORM SEWER,27"RCP LF $ 33.00 240 $ 7,920.00 100% $ 7,920.00
93 INLET TY.A EA $ 600.00 10 $ 6,000.00 100% $ 6,000.00
94 INLET TY.B EA $ 1,100.00 1 $ 1,100.00 100% $ 1,100.00
95 48"CATCH BASIN,TY A W/RESTRICTOR EA $ 6,000.00 2 $ 12,000.00 100% $ 12,000.00
96 60"MANHOLE EA $ 1,700.00 4 $ 6,800.00 100% $ 6,800.00
97 CLEAN OUT STRUCTURE EA $ 500.00 3 $ 1,500.00 100% $ 1,500.00
98 RIP RAP w/MAINTENANCE CY $ 30.00 80 $ 2,400.00 100% $ 2,400.00
SUBTOTAL 103,308.00 103,308.00
TOTAL IMPROVEMENTS $2,702,519.00 $ 2,556,173.70
TOTAL COST OF IMPROVEMENTS $2,702,519.00
BOND/LOC AMOUNT=110%OF TOTAL IMPROVEMENTS $2,972,770.90
COST OF COMPLETED IMPROVEMENTS $2,556,173.70
REDUCTION=90%OF COMPLETED IMPROVEMENTS $2,300,556.33
NEW BOND AMOUNT $ 672,214.57
(TOTAL BOND AMOUNT-90%REDUCTION)
t
h
i
Exhibit IV
SHADOW HILL UNIT 4-PHASE 2
LETTER OF CREDIT REDUCTION
BY CEMCON
FOR CITY OF ELGIN-ENGINEERING DIVISION
f Job/Project#:675.007 402.031
Prepared by:CEMCON Ltd.
Rev.by:ARF
Date: 11/19/2009
Revision:3/5/2014
NO. ITEM UNIT UNIT PRICE ESTIMATED COST
QUANTITY
A.EARTHWORK&EROSION CONTROL
1 SILT FENCE LF $ 2.00 3400 $ 6,800.00
2 TREE PROTECTION/BARRIER FENCE UNIT $ -
3 CONSTRUCTION ENTRANCE EA $ 2,000.00 1 $ 2,000.00
4 DITCH CHECK EA $ -
5 STRUCTURE SILT PROTECTION EA $ 200.00 26 $ 5,200.00
6 TREE REMOVAL<6" EA $ -
7 TREE REMOVAL>6" EA $
8 CLEARING&GRUBBING AC $ -
9 TOPSOIL STRIPPING&STOCKPILING CY $ 1.90 23170 $ 44,023.00
10 EXCAVATION CY $ 2.40 34460 $ 82,704.00
11 GRADING AC $ 1,450.00 12 $ 17,400.00
12 BACKFILLING CY $ 1.00 4120 $ 4,120.00
13 EROSION CONTROL BLANKET SF $ -
14 TOPSOIL RESPREAD CY $ 2.20 12720 $ 27,984.00
15 TEMPORARY SEEDING AC $ -
16 PERMANENT SEEDING AC $ 3,000.00 10.00 $ 30,000.00
17 SODDING(ROW) SY $ 2.50 5806 $ 14,515.00
18 TREE PLANTING EA $ 400.00 37 $ 14,800.00
SUBTOTAL 249,546.00
B.SANITARY SEWER
19 8"PVC,0-10'DEEP LF $ 19.20 1340 $ 25,728.00
20 8"PVC,10-20'DEEP LF $ 26.50 340 $ 9,010.00
21 10"PVC,0-10'DEEP LF $ -
22 10"PVC,10-20'DEEP LF $ -
23 48"MH,Ty-A,FRAME-LID,0-10'DEEP EA $ 1,600.00 7 $ 11,200.00
24 48"MH,Ty-A,FRAME-LID,10-20'DEEP EA $ 2,600.00 3 $ 7,800.00
25 48"MH,Ty-A,FRAME-LID,0-10'DEEP,DROP CONN. EA $ -
26 48"MH,Ty-A,FRAME-LID,10-20'DEEP,DROP CONN. EA $ -
27 6"PVC SERVICE LF $ 17.50 1235 $ 21,612.50
28 CONNECTION TO EXISTING SANITARY MANHOLE EA $ 500.00 5 $ 2,500.00
29 TRENCH BACKFILL(ca-6) CY $ -
30 TELEVISE INSPECTION LF $ 2.00 1680 $ 3,360.00
SUBTOTAL 81,210.50
C.WATERMAIN
31 6"DIWM LF $ -
32 8"DIWM LF $ 19.00 1977 $ 37,563.00
33 12"DIWM LF $ -
34 16"DIWM LF $
35 20"DIWM LF $
36 24"DIWM LF $ -
37 8"VALVE-48"VAULT EA $ 1,600.00 1 $ 1,600.00
38 12"VALVE-60"VAULT EA $ -
39 16"VALVE-60"VAULT EA $
40 20"VALVE-72"VAULT EA $
41 24"VALVE-72"VAULT EA $ -
42 FIRE HYDRANT W/6"AUXILIARY VALVE EA $ 2,000.00 6 $ 12,000.00
43 CONNECTION TO EXISTING WATERMAIN EA $ 1,000.00 6 $ 6,000.00
44 WATER PRESSURE TEST LS $ 8,000.00 0.16 $ 1,280.00
45 TRENCH BACKFILL(ca-6) CY $ -
SUBTOTAL 58,443.00
Exhibit IV
SHADOW HILL UNIT 4-PHASE 2
LETTER OF CREDIT REDUCTION
BY CEMCON
FOR CITY OF ELGIN -ENGINEERING DIVISION
Job/Project#:675.007 402.031
Prepared by:CEMCON Ltd.
Rev.by:ARF
Date:11/19/2009
Revision:315/2014
NO. ITEM UNIT UNIT PRICE ESTIMATED COST
QUANTITY
D.STORM SEWER
46 12"RCP LF $ 15.00 1634 $ 24,510.00
47 15"RCP LF $ 17.00 0 $ -
48 18"RCP LF $ 20.00 0 $
49 21"RCP LF $ 24.00 0 $
50 24"RCP LF $ 28.00 0 $
51 30"RCP LF $ 34.20 0 $
52 36"RCP LF $ 46.00 0 $
53 42"RCP LF $
54 48"RCP LF $ -
55 12"FES W/GRATE EA $ 500.00 2 $ 1,000.00
56 15"FES W/GRATE EA $ 520.00 0 $ -
57 18"FES W/GRATE EA $
58 21"FES W/GRATE EA $ 800.00 0 $
59 24"FES W/GRATE EA $
60 30"FES W/GRATE EA $ 1,100.00 0 $
61 36"FES W/GRATE EA $
62 42"FES W/GRATE EA $
63 48"FES W/GRATE EA $ -
64 36"CATCH BASIN,TYPE A or C,FRAME-LID EA $ 1,200.00 18 $ 21,600.00
65 48"CATCH BASIN,TYPE A or C,FRAME-LID EA $ 1,300.00 0 $ -
66 48"MANHOLE EA $ 1,300.00 0 $ -
67 CONNECTION TO EXISTING STRUCTURE EA $ 1,000.00 9 $ 9,000.00
68 TRENCH BACKFILL(ca-6) CY $ 18.50 25 $ 462.50
69 TELEVISE INSPECTION LF $ 2.50 1634 $ 4,085.00
SUBTOTAL 60,657.50
E.PAVEMENT
70 4"AGGREGATE BASE COURSE TYPE B(CA-6) SY $ 3.00 7360 $ 22,080.00
71 6"BITUMINOUS BASE COURSE SY $ 11.70 6210 $ 72,657.00
72 1.5"CLASE 1 BITUMINOUS BINDER COURSE SY $ 3.45 6210 $ 21,424.50
73 1.5"CLASE 1 BITUMINOUS SURFACE COURSE SY $ 3.80 6210 $ 23,598.00
74 BITUMINOUS MATERIAL PRIME COAT @ 0.3 GAL/SY GAL $ 1.20 1860 $ 2,232.00
75 BITUMINOUS MATERIAL TACK COAT @ 0.1 GAUSY GAL $ 1.20 621 $ 745.20
76 PCC CURB&GUTTER TYPE 86.18 LF $ -
77 PCC CURB&GUTTER TYPE B6.12 LF $ 9.00 4120 $ 37,080.00
78 PCC CURB&GUTTER TYPE"B"MODIFIED LF $ -
79 PCC SIDEWALK 5'WIDE,W/4"CA-6 SUB-BASE SF $ 3.00 23050 $ 69,150.00
80 10'PATHWAY(2"SFE.CSE,8"AGG.BASE CSE.TY B) LF $ -
SUBTOTAL 248,966.70
F.LIGHTING AND SIGNAGE
81 175 WATTS METAL HALIDE,25'POLE W/6'ARM EA $ 3,000.00 9 $ 27,000.00
82 250 WATTS METAL HALIDE,25'POLE W/6'ARM EA $ 4,000.00 0 $ -
83 400 WATTS METAL HALIDE,25'POLE W/6'ARM EA $
84 STOP SIGNS EA $ 150.00 3 $ 450.00
85 STREET-NAME SIGNS EA $ -
86 STRIPPING LS $
SUBTOTAL 27,450.00
Exhibit IV
SHADOW HILL UNIT 4-PHASE 2
LETTER OF CREDIT REDUCTION
BY CEMCON
FOR CITY OF ELGIN-ENGINEERING DIVISION
Job/Project#:675.007 402.031
Prepared by:CEMCON Ltd.
Rev.by:ARF
Date:11/19/2009
Revision:3/5/2014
NO. ITEM UNIT UNIT PRICE ESTIMATED COST
QUANTITY
G.MISCELLANEOUS
87 PVC SERVICE RISER E4 $
88 WATER SERVICE V.TY.K w/BOX(LONG) EA $ 700.00 22 $ 15,400.00
89 WATER SERVICE 1",TY.K w/BOX(SHORT) EA $ 300.00 15 $ 4,500.00
90 WATERMAIN PROTECTION LS $ 10,000.00 0.16 $ 1,600.00
91 STORM SEWER,6"PERFORATED PVC w/FILTER FABRIC LF $ 18.00 352 $ 6,336.00
92 STORM SEWER,27"RCP LF $ -
93 INLET TY.A EA $ 600.00 3 $ 1,800.00
94 INLET TY.B EA $ -
95 48"CATCH BASIN,TY A W/RESTRICTOR EA $
96 60"MANHOLE EA $ -
97 CLEAN OUT STRUCTURE EA $ 500.00 5 $ 2,500.00
98 RIP RAP WMAINTENANCE CY $ 30.00 20 $ 600.00
SUBTOTAL 32,736.00
TOTAL IMPROVEMENTS $ 759,009.70
TOTAL COST OF IMPROVEMENTS $759,009.70
BOND/LOC AMOUNT=110%OF TOTAL IMPROVEMENTS $834,910.67