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HomeMy WebLinkAboutA014 - Resolution No. 15-551 adopted September 8, 2015 � V �\CCU✓JJ RESOLUTION NO. 15-551 RESOLUTION ACCEPTING PARTIAL COMPLETION OF PUBLIC IMPROVEMENTS REQUIRED FOR NORTHRIDGE HEIGHTS SUBDIVISION, 17T" ADDITION, FOR THE CITY OF AMES,IOWA BE IT RESOLVED,by the City Council of the City of Ames, Iowa: Section One. In accordance with the Certificate of the Public Works Department,the erosion control (seeding) required as a condition for approval of the Final Plat of the above-named Subdivision has been completed in an acceptable manner. Section Two. The bond given to secure performance of the public improvements is hereby lessened to $71,367.00 for the remaining work that includes installation of the final asphalt surfacing,pedestrian ramps and walks, final adjustment of utility features, and street lighting. ADOPTED THIS 8th day of September, 2015. AJ Aa& A Diane R. Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Goodman Seconded by: Corrieri Voting aye: Betcher, Corrieri, Gartin, Goodman, Nelson, Orazem Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this gh day of September, 2015. Y 1'� g i ve lennt-�rf!��tn, I 0-F IRREVOCABLE STANDBY LETTER OF CREDIT / � J ISSUER:VISIONBANK OF IOINA 104 CHESTNUT ST AMES,IA 50010 Date of Issue:09-15.2015 Letter of Credit Number: 75 Amount: U.S. $ 71,367.00 ( SEVENTY ONE THOUSAND THREE HUNDRED SIXTY SEVEN AND NO1100 U.S. DOLLARS) For Benefit Of: For Account Of: Beneficiary Name and Address Applicant Name and Address CITY OF AMES HUNZIKER LAND DEVELOPMENT COMPANY LLC 515 CLARK AVE,PO BOX 811,AMES,IOWA 50010 105 S 16TH ST AMES,IA 50010 LETTER OF CREDIT. Issuer establishes this Irrevocable Standby Letter of Credit (Letter of Credit) in favor of Beneficiary in the amount indicated above. Beneficiary may draw on this Letter of Credit with a Draft (or Drafts, if the maximum number of drawings is greater than one) together with the documents described below. Each Draft shall be signed on behalf of Beneficiary and be marked "Drawn under [Issuer name] Letter of Credit No. [Letter of Credit number] dated [Letter of Credit date]." Drafts must be presented at Issuer's address shown above on or before the Expiration Date. The presentation of any Draft shall reduce the Amount available under this Letter of Credit by the amount of the Draft. This Letter of Credit sets forth in full the terms of Issuer's obligation to Beneficiary. This obligation cannot be modified by any reference in this Letter of Credit, or any document to which this Letter of Credit may be related. This Letter of Credit expires on the Expiration Date. DRAWINGS. ❑ Partial drawings shall not be permitted under this Letter of Credit. ® Partial drawings are permitted. The maximum number of drawings that may be made is DOCUMENTS. Each Draft must be accompanied by the following, arf original and two copies except as stated: ❑ The original Letter of Credit, together with any amendments. ❑ A sight draft drawn by Beneficiary on Issuer. N A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT N75 DATED SEPTMEBER 15,2015 FOR THE ACCOUNT OF HUNZIKER LAND DEVELOPMENT ❑ Other documents: COMPANY,LLC. Issuer shall be entitled to accept a draft and the documentation described above, as required by the terms of this Letter of Credit, from any person purporting to be an authorized officer or representative of Beneficiary without any obligation or duty on the part of Issuer to verify the identity or authority of the person presenting the draft and such documentation. 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The above- mentioned improvements have been inspected by the Engineering Division of the Public Works Department of the City of Ames, Iowa and found to meet City specifications and standards. As a result of this certification, it is recommended that the financial security for public improvements on file with the City for this subdivision be reduced to $71,367.00. The remaining work covered by this financial security includes installation of the final asphalt surfacing, pedestrian ramps and walks, final adjustment of utility features, and street lighting. Sincerely, John C.Joiner, P.E. Director JJ/jc cc: Finance, Contractor, Construction Supervisor, PW Senior Clerk, Planning & Housing, Subdivision file Public Works Department 515.239,5160 nmi„ 515 Clark Ave.P.O.Box 811 Engineering 515.239.5404 Ames,IA 50010 www.CityofAmes.org Northridge Heights 17th Addition August 31, 2015 Page 2 Description Unit Quantity Excavation Class 13 CY 5,000 Sub grade Prep SY 5,920 Sanitary Sewer Gravity Main Trenched 8" LF 1,459 Sanitary Sewer Service Stub 4" EA 25 Storm Sewer,Trenched, RCP Class III, 15" LF 879 Storm Sewer Trenched RCP Class III 18" LF 472 Storm Sewer Trenched RCP Class III, 24" LF 546 Storm Sewer,Trenched, RCP Class III 30" LF 174 Footing Drain Collector, 6" LF 1,185 Footing Drain Cleanout, 6" EA 5 Subdrain Outlet 6" EA 4 Sump Service Stub, 1.5" EA 25 Water Main,8" LF 1,585 Water Main, 12" LF 197 8" 11.25 Deg Bend EA 4 8" 22.5 Deg Bend EA 1 12"x8" MJ Cross EA 1 12"x8" MJ Tee EA 1 Water Service Stub 1" EA 25 Valve, MJ Gate, 8" EA 4 Valve, MJ Gate, 12" EA 1 Fire Hydrant Assembly EA 6 Remove/Relocate Temporary Fire Hydrant Assembly EA 2 Temporary Fire Hydrant Assembly EA 1 Sanitary Manhole SW-301,48" EA 6 Storm Manhole, SW-401 48" EA 5 Storm Manhole, SW-401 60" EA 1 Intake SW-501 EA 3 Intake, with Manhole SW-503 EA 9 Intake SW-505 EA 2 Intake,SW-506 EA 2 Intake, SW-512 18" EA 1 PCC Curb and Gutter, 30" LF 3,230 Pavement, HMA, 8" SY 3,200 Pavement HMA 9.5" SY 1,110 Pedestrian Rams PCC 6" SY 68 Detectable Warning Panels SF 120 Seeding,Type 1, Fertilizing and Mulch AC 9 Filter Socks LF 250 Silt Fence LF 3,000 Stabilized Construction Entrance EA 1 Inlet Protection EA 13