HomeMy WebLinkAboutA017 - Correspondence regarding security / letter of credit AL
e City Clerk's Office
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TO: City Clerk's Office
FROM: JOFfN JOJA/FP, , Public Works Department
DATE:
SUBJECT: Required Security for Subdivision
A bond* in the amount of$ 170 BQd is required for the 50 Ca�,ecJew hey -mj
C,%r-s4- QvW e t'bp%
Subdivision. The bond will secure acceptable performance of the following public improvements:
Improvement —Rmil ae. S.&Y& ; Amount
V14Ar Mat 1,, $ Meted amain'
er $ e
Pa�ri1G1 ?'r�lo IanF.S $ s 170�BBo fo y J, By'
$
/dry
*Bond: Any form of security including a letter of credit, a cash deposit, surety bond, collateral, property
or instrument of credit in an amount and form satisfactory to the City Council.
Preliminary Opinion of Probable Cost
Phase 1, South Gateway Subdivision
Ames, Iowa
PCC Quantities
Estimated Estimated
Item No. Item Description Unit Unit Cost Quantity Cost
1 Mobilization LS $1,500.00 1 $1,500.00
2 Topsoil Strip&Stockpile CY $2.00 1,100 $2,200.00
3 Excavation* CY $2.00 15,400 $30,800.00
4 Water Main, 12" LF $30.00 210 $6,300.00
5 Water Main,8" LF $20.00 175 $3,500.00
6 Water Valve, 8" EA $750.00 - $0.00
7 Hydrant Assemby EA $2,000.00 2 $4,000.00
8 Sanitary Sewer, 10" LF $40.00 210 $8,400.00
9 Sanitary Sewer Manhole EA $2,000.00 1 $2,000.00
10 Subgrade Scarification, Recompaction and Proofrolling SY $1.50 2,885 $4,327.50
11 Pavement, PCC, 8" SY $35.00 2,620 $91,700.00
12 Topsoil Replacement in Right-of-Way CY $3.00 670 $2,010.00
13 Seeding, Mulching &Fertilizing AC $1,200.00 0.85 $1,020.00
14 Signage, Deadend Road Each $750.00 1 $750.00
*Excavation estimated with 7 feet of fill within the R.O.W.
Subtotal $158,507.50
Total $158,507.50
Prepared by FOX Engineering Associates, Inc.
6/10/2002 P.N. 5225-01 A.351
Jerry N Byg To: "Scott Renaud"<srenaud@foxeng.com>
06/11/2002 07:12 AM cc: Paul D Wiegand/COA@COA, Diane R Voss/COA@COA,John C
Subject: Lie:So th Gateway Attachment[y
y�
Scott- There needs to be some discussion about including bonding for the amount of extending the water
main and sanitary sewer in Dayton Avenue from S 16th Street north 1200'or at least to Issac Newton
Drive with this subdivision. Check with Diane in our office to schedule a meeting with Paul and I about this.
City Clerk's Office
515 Clark Avenue,P.O.Box 811
Caring People Ames,IA 50010
Quak P'°8'°°"
Euepnanal service Phone: 515-239-5105
Fax: 515-239-5142
June 19, 2002
TO WHOM IT MAY CONCERN:
I,Diane R. Voss,hereby certify that I have this date received, from Brent Haverkamp an Irrevocable
Letter of Credit in the amount of$170,000.
Said instrument has been placed on file in the Ames City Clerk's Office, 515 Clark Avenue, for the
development of the public improvements: water main, sanitary sewer, paving, in South Gateway
Development Subdivision, to the City of Ames, Iowa.
Diane R. Voss
Title: City Clerk