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HomeMy WebLinkAboutA016 - Resolution No. 16-602 adopted October 11, 2016 RESOLUTION NO. 16-602 RESOLUTION ACCEPTING COMPLETION OF PUBLIC IMPROVEMENTS REQUIRED FOR NORTHRIDGE HEIGHTS SUBDIVISION, 17TH 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 Director, the erosion control(seeding)improvements required for the Northridge Heights Subdivision, 171h Addition,are hereby accepted as complete and satisfactory; and, Section Two. The financial security given to secure performance of the public improvements is hereby released in full and shall be returned to the subdivider. ADOPTED THIS 1It' day of October, 2016. J& Diane R. Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Corrieri Seconded by: Gartin Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Nelson, Orazem Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 11`h day of October, 2016. (-del. +0 y@74, IRREVOCABLE STANDBY LETTER OF CREDIT H LZ ISSUER:VISIONBANK OF IOWA 104 CHESTNUT ST AMES,IA 50010 Date of Issue:01-21-2016 Letter of Credit Number: 89 Amount: U.S. $ 52,536.00 ( FIFTY TWO THOUSAND FIVE HUNDRED THIRTY SIX AND NOI100 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, an original and two copies except as stated: ❑ The original Letter of Credit, together with any amendments. ❑ A sight draft drawn by Beneficiary on Issuer. ® A signed statement by Beneficiary including the following statement: DRAWN UNDER IRREVOCABLE STANDBY LETTER OF CREDIT#89 DATED JANUARY ❑ Other documents: 21,2016 FOR THE ACCOUNT OF HUNZIKER LAND DEVELOPMENT 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. SPECIAL INSTRUCTIONS: Irrevocable Standby Letter of Credit VMPC5)Bankers SystemsTM LC-STANDBY 9/11/2009 Wolters Kluwer Financial Services C 2001,2009 VMPC612 (0909).00 Page 1 of 2 60OZ'LOOZ OO sao!n,aS leiaueu!j,amnl-A sialloM wjswalsAS sia�ueg @dWA Z;o Z a6ed;o Gbe Z L90dWA 1!paio;o,anal AgpuelS olgeoona„! 60OZ/L L/6 AgONtl1S-01 (311!1 Pun aurniy iauO1S) 1N301S3l1d ANEVIN'NOSMKIVIN AnN SVWOHl a (aisQ) (alnleu2iS) Aq (alurN lanssl) tlM01 d0 AVON01SIA •algeolldde se `dSI Jo dDII aril ql?m lualsisuoou? Jou ale smel Bans se Buol os `eol.=V ;o sa1e1S Paliufl aql VM01 ;o smel ag �1 q paulan02 aq OSie ilegS 1IPOJD ;0 1011a I S. 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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 released in full. Sincerely, John C.Joiner, P.E. Director JJ/ec cc: Finance, Contractor, Construction Supervisor, PW Senior Clerk, Planning& Housing, Subdivision file Public Works Department 515.239.5160 main 515 Clark Ave.P.O.Box 811 Engineering 515.239,5404 fox Ames,IA 50010 wv.'we 11'kY G"Ar'.ee.nrg Northridge Heights 17t"Addition January 12, 2016 Page 2 Description Unit Quantity Excavation Class 13 CY 5,000 Sub rade 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 S_ewer,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 DDe, 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-51218" 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