HomeMy WebLinkAboutA014 - Copy of Check for the Letter of Credit BANK OF AMERICA NYEMASTER GOODE, P.C. 33-17/730 0 1 4 40/�10
700 WALNUT,SUITE 1600 tJ
DLS MOIN'ES,IOWA 50309-3899
07-22-15
General Trust Account
VOID AFTER 180 DAYS
PAY � ****190,000.00
ONE HUNDRED NINETY THOUSAND AND 00/100 DOLLARS
DOLLARS
TO THE TWO SIGNATURES REQUIRED OVER$1,800.00
ORDER City of Ames, Iowa
OF
11201440011' 1:073000I ?D: O L 204 L830401II'
NYEMASTER GOODE, P.C. Request Number: 60360 Check Number: 40 U
Payee: City of Ames, Iowa Check Date: 07-22-15 1111111111111
Client Matter Description Amount
1769600 0018 DWB McFarland Subdivision Development Agreement 190,000.00
as l
I 5,�A4
NYEMASTER GOODE, P.C. Request Number: 60360 Check Number: f911TOL€ /� 0 0
u
Check Date: 07-22-15
Payee: City of Ames, Iowa
Client Matter Descrip Amount
tion
1769600 0018 DWB McFarland Subdivision Development Agreement 190,000.00
NYEMASTERDAVID W.BENSON
NYEMASTER I GOODE n Direct Number:(5IS)956-3913 1 Facsimile:(515)956-3990 I F-Mail:dwb(alnyemaster.com
1416 Buckeye Avenue,Suite 2001 Ames,IA S00 1 0-8 070 1 (515)956-3900
Attorneys at Law I Offices in Des Moines,Ames and Cedar Rapids
www.nyemaster.com
July 29, 2015
Diane Voss
Ames City Clerk
515 Clark Avenue
Ames, IA 50010
Re: McFarland Subdivision
Dear Diane:
I am delivering to you with this letter a check in the amount of$190,000.00 payable to the City
of Ames. This check is intended to secure the performance of Ames Associates, an Illinois
limited partnership, under the terms of an Agreement pertaining to the plat approval for
McFarland Subdivision. The Agreement was approved by the City Council at its June 23, 2015
meeting and you and Mayor Campbell executed the Agreement.
,-The.enclosed check is intended to--act--as--security-for-4he..-City and effect release of the
4.Irrevocable StandbyLetter of Credit No. 11187096 issued by First American Bank 0
are
the Letter of Credit andthe A eem
__.
gr ent enclosed wt:i this letter for your reference.
Based upon our previous conversations, it is my understanding the City will cash the enclosed
check and deposit it into a"developer's account" maintained by the City. The funds will remain
in this account until the work required under the terms of the development agreement is
completed and approved by the City's inspection department. When that has occurred, you will
receive a memo from the inspection department and then proceed to place it on an upcoming
agenda for the City Council. The City Council will then authorize release of the security after
which a check for $190,000.00 will be issued by the City payable to my law firm's trust account.
July 29, 2015
Page 2
Please let me know if you have any questions regarding this letter or the enclosed information.
Yours very truly,
A -4 g06'6��
David W. Benson
DWB/ser
Enclosures
Copes:
First American Bank
Attn: Dave Hagen
1530 South Duff Avenue
Ames, IA 50010
Kenneth Klassman
Attorney at Law
500 West Madison Street, Suite 3700
Chicago, IL 60661
McFarland Clinic, P.C.
Attn: Jim Dohrmann
1215 Duff Avenue
Ames, IA 50010
t
FIRST AMERICAN
First American Bank Connecting people with opportunity
12333 University Avenue
Clive, Iowa 50325
Issue Date: 0 6/16/15 C(OPY
Irrevocable Standby Letter of Credit No: 11187096
CUSTOMER BENEFICARY
McFarland Clinic,P.C. City of Ames
1215 Duff Avenue C/O City Clerk
Ames,JA 50010 515 Clark Avenue
Ames, IA 50010
Amount: USD $190,000.00
First American Bank ("Lender") hereby establishes at the request and for the account of
Customer, an Irrevocable Letter of Credit in favor of Beneficiary for a sum of One Hundred Ninety
Thousand dollars($190,000.00). All amounts subject to this Letter of Credit shall be specified and paid in
United States dollars.
These funds shall be made available to Beneficiary upon Lender's receipt from Beneficiary of
sight drafts drawn on Lender at Lender's address indicated above (or such other address that Lender may
provide Beneficiary in writing) during regular business hours and accompanied by the signed written
statements or documents indicated below.
WARNING TO BENEFICIARY: PLEASE EXAMINE THIS LETTER OF CREDIT AT ONCE.
IF YOU FEEL UNABLE TO MEET ANY OF ITS REQUIREMENTS EITHER SINGLY OR
TOGETHER, YOU SHOULD CONTACT THE CUSTOMER IMMEDIATELY TO SEE IF THE
LETTER OF CREDIT CAN BE AMENDED. OTHERWISE, YOU WILL RISK LOSING PAYMENT
UNDER THIS LETTER OF CREDIT FOR FAILURE TO COMPLY STRICTLY WITH ITS TERMS
AS WRITTEN.
1. DRAFT TERMS AND CONDITIONS
Lender shall honor drafts submitted by Beneficiary under the following terms and conditions:
Presentment of a draft in the form of Attachment 1 attached hereto and accompanied by
such statements or documents set forth therein(a"Sight Draft").
Upon Lender's honor of Sight Drafts in the aggregate stated amount of this Letter of Credit,
Lender shall be fully discharged of its obligations under this Letter of Credit and shall not be obligated to
make any further payments under this Letter of Credit once the full amount of credit available under this
Letter of Credit has been drawn. if a non-conforming demand is made, Lender shall notify Beneficiary in
writing of its dishonor on or before the time specified in Paragraph 5 below, at the address above.
Beneficiary shall have no recourse against the Lender for any amount paid under this Letter of
Credit once Lender has honored any Sight Draft which complies strictly with this Letter of Credit, and
which on its face appears otherwise in order but which is signed, issued or presented by a party or under
s
the name of a party purporting to act for Beneficiary, purporting to claim through Beneficiary, or posing
as Beneficiary without Beneficiary's authorization. By paying an amount demanded in accordance with
this Letter of Credit, Lender makes no representation as to the correctness of the amount demanded and
Lender.shall mot be liable to Beneficiary, or any other person, for any amount paid or disbursed for any
reason whatsoever, including, without limitation, any non-application or misapplication by Beneficiary of
the proceeds of such payment. By presenting upon Lender or a confirming bank, Beneficiary certifies
that Beneficiary has not and will not present upon the other, unless and until Beneficiary meets with
dishonor. Beneficiary promises to return to Lender any funds received by Beneficiary in excess of the
Letter of Credit's maximum drawing amount.
2. USE RESTRICTIONS
All Sight Drafts must be marked "DRAWN UNDER FIRST AMERICAN BANK
IRREVOCABLE LETTER OF CREDIT NO. 11187096", and the amount of each Sight Draft shall be
marked on the Sight Draft. Only Beneficiary, or Beneficiary's Transferee (if this Letter of Credit is
transferable pursuant to Paragrrgph 3 below),may complete a Sight Draft and accompanying statements or
documents required by this Letter of Credit and make a draw under this Letter of Credit. This original
Letter of Credit must accompany any draft drawn hereunder.
Partial draws are permitted under this Letter of Credit. Lender's honor of a partial draw shall
correspondingly reduce the amount of credit available under this Letter of Credit. Following a partial
draw, Lender shall return this original Letter of Credit to Beneficiary with the partial draw noted hereon;
in the alternative, and in its sole discretion, Lender may issue a substitute Letter of Credit to Beneficiary
in the amount shown above, less any partial draw(s).
The LOC may only be drawn upon in the event of a default by Customer. Any draw must contain
language from Beneficiary that such an event of default has occurred.
3. TRANSFERABILITY
® This Letter of Credit is non-transferable.
❑ This Letter of Credit is transferable, subject to the following provisions:
a) This Letter of Credit may only be transferred by Beneficiary upon prior written
notice to and consent by Lender of the transfer. The Transferee shall be deemed
the new Beneficiary of this Letter of Credit and the documents of the Transferee,
including Sight Drafts required under this Letter of Credit, will be processed by
Lender (or any intermediary) without the original Beneficiary's intervention and
without any further obligation of Lender to the original Beneficiary.
NOTWITHSTANDING ANY PROVISION HEREIN TO THE CONTRARY,
TRANSFERS OF THIS LETTER OF CREDIT MAY NOT BE MADE TO ANY
PERSON LISTED ON THE OFFICE OF FOREIGN ASSET CONTROL LIST
OF SPECIALLY DESIGNATED NATIONALS AND BLOCKED PERSONS
PURSUANT TO U.S. LAW. LENDER IS PROHIBITED FROM ISSUING,
TRANSFERRING, ACCEPTING OR PAYING LETTERS OF CREDIT TO
ANY PARTY OR ENTITY IDENTIFIED BY THE OFFICE OF FOREIGN
ASSET CONTROL, U.S. DEPARTMENT OF TREASURY, OR SUBJECT TO
THE DENIAL OF EXPORT PRIVILEGES BY THE U.S. DEPARTMENT OF
COMMERCE.
b) When the presenter is a permitted Transferee under Paragraph 3(a) above, the
documents required for a draw shall include:
(i) All documents required elsewhere in this Letter of Credit, except that
such documents may be in the name of and executed by either the
original Beneficiary or the presenter permitted by Paragraph 3(a); and
(ii) A certified copy of the one or more documents which show the
presenter's authority to claim through or to act with authority for the
original Beneficiary.
4. EXPIRATION DATE
® This Letter of Credit shall expire on 06/16/16 (the "Expiration Date") and shall not be
renewable.
❑ This Letter of Credit shall expire on (the "Expiration Date"). Notwithstanding the
foregoing, the term of this Letter of Credit shall be automatically renewed, without
written amendment, for successive, one-year (]-year) periods unless, at least days
prior to any such date of expiration, the Lender shall give written notice to Beneficiary,
by certified mail, return receipt requested and at the address set forth above or at such
other address as may be given to the Lender by Beneficiary, that this Letter of Credit will
not be renewed.
5. TIMING OF DISHONOR
If Lender for any reason decides to dishonor a drawing under this Letter of Credit, it shall provide
written notice to Beneficiary or the presenter within three (3)Banking Days after Lender has received the
last document forming Beneficiary's presentment (the "Three-Day Period"). Lender shall be entitled to
rely upon such reason without regard to either (i) the timing of any presentment made before the
Expiration Date, or(ii)the timing inside the Three-Day Period of any preliminary communication(s) from
Lender concerning the dishonor decision or any reason for dishonor. For any reason for dishonor given
during the Three-Day Period, Lender shall be conclusively deemed to have met the "reasonable time",
"without delay", and other timing requirements as the Uniform Customs and Practice for Documentary
Credits, 1993 Revision, ICC Publication No. 500, as most recently published by the International
Chamber of Commerce (the "UCP") may impose. The Expiration Date shall not be extended to
accommodate a nonconforming presentment made less than three(3)Banking Days before the Expiration
Date, and Beneficiary shall not be entitled to submit a draw request or provide Lender with any
documents in support of a draw after the Expiration Date. Lender shall not be required to communicate a
dishonor decision or its reasons within a time less than the Three-Day Period. "Banking Day" means any
day, except Saturday, on which commercial banks located in Des Moines,Iowa are open.
6. COMPLIANCE BURDEN
Lender is not responsible for any impossibility or other difficulty in achieving strict compliance
with the requirements of this Letter of Credit precisely as written. Beneficiary understands and
acknowledges: (i) that unless and until the present wording of this Letter of Credit is amended with
Lender's prior written consent, the burden of complying strictly with such wording remains solely upon
Beneficiary; and (ii)that Lender is relying upon the lack of such amendment as constituting Beneficiary's
initial and continued approval of such wording.
7. CHOICE OF LAW/JURISDICTION
This Letter of Credit is subject to the UCP. This Letter of Credit shall be governed by and
construed in accordance with the laws of the State of Iowa, United States of America except to the extent
such laws are inconsistent with the UCP. Lender and Beneficiary consent to the jurisdiction and venue of
any court selected by Lender, in its discretion, located in the City of Des Moines,Iowa in the event of any
legal proceeding under this Letter of Credit.
8. EXPIRATION
Lender hereby agrees with Beneficiary that drafts drawn under and in compliance with the terms
of this Letter of Credit will be duly honored if presented to the Lender on or before the Expiration Date.
Please direct any inquiries with regard to this Letter of Credit to First American Bank, Attn:
Commercial Banking Division, 12333 University Avenue, Clive, Iowa 50325, phone number 515-226-
9998.
Yours truly,
First American Bank
By: GCL
Mark A. Egons
Chief Credit Officer
By: aP
Bradley D. Bloemer
EVP/Senior Credit Risk Officer
ENDORSEMENT OF DRAFTS DRAWN:
Date Negotiated By Amount in Words Amount in Figures
t
ATTACHMENT 1 —
SIGHT DRAFT CERTIFICATE
DRAWN UNDER FIRST AMERICAN BANK
IRREVOCABLE LETTER OF CREDIT NO. 11187096
Re: First American Bank
Letter of Credit No. 11187096
Dated: 06/16/15
The undersigned, a duly authorized officer of City of Ames (the 'Beneficiary"),
hereby certifies to First American Bank (the "Lender"), with reference to the Letter of
Credit identified above, issued by the Lender in favor of the Beneficiary, that:
(1) The Letter of Credit has been delivered to the Beneficiary on behalf of the
Customer set forth in the Letter of Credit.
(2) The Beneficiary is drawing the amount of $ under the Letter of
Credit.
(3) The Beneficiary certifies the following:
Intentionally Left Blank.
(4) The Beneficiary further certifies the following:
a) The amount drawn under this Certificate does not exceed the amount
permitted to be drawn under the Letter of Credit.
b) All other conditions to drawing upon the Letter of Credit have been
fulfilled and completed and all amounts requested by the Beneficiary
pursuant this Sight Draft Certificate are due and owing.
(5) This Certificate is accompanied by the following documents:
Intentionally Left Blank.
(6) The amount drawn hereunder should be paid to the undersigned by wire transfer
to:
Name of Financial Institution:
Financial Institution Address:
ABA Routing Number:
Account Number:
Account Name:
(7) Capitalized terms used in this Certificate and not otherwise defined have the
meanings given such terms in the Letter of Credit.
IN WITNESS WHEREOF, the Beneficiary has executed and delivered this Certificate as
of the_day of , 20_.
By:
Printed Name, Title
Attachment—Original Letter of Credit
I Instrument:2015- 00005750
Date-'Jun 25,2015 10:17:194
0 Rer_ Fee: 35.00 E-Com Fee:
r, Aud Fee: 00 Trans Tax: i.00
k n^ec Management Fee: lQ
Non-Standard Page Fee: .00
1.00
Filed for reco
rd is 5torg Counter Iona
Stacie L. Berridge, County Recorder
DO NOT WRITE IN THE SPACE ABOVE THIS LINE,RESERVED FOR RECORDER
Prepared by:Mark O.Lambert,City ofAmes Legal Department,515 Clark Avenue,Ames,Iowa 50010(Phone:515-239-5146)
Return to Ames City Clerk,Box 811,Ames,IA 50010
AN AGREEMENT PERTAINING TO THE
SUBDIVISION PLATTING AND DEVELOPMENT
OF LAND IN THE CITY OF AMES CALLED
MCFARLAND SUBDIVISION
THIS AGREEMENT,made and entered into this /L day of ,2015,by and
between the CITY OF AMES, IOWA (hereinafter called "City"), and Ames Associates, an
Illinois Limited Partnership,(hereinafter called"Owner"),their successors and assigns,
WITNESSETH THAT:
WHEREAS, the parties hereto desire the improvement and development of an area
legally described as set out on Appendix A,hereinafter called the Site;and,
WHEREAS, Owner has applied to the City for platting of subdivisions of the Site
(which creates Lot 1 and Lot 2 of McFarland Subdivision to become an Official Plat located in
the City);and,
WHEREAS, an agreement between the Owner and the City with respect to
improvements is required by the City as a condition to approval of subdivision plats pursuant to
Section 354.8 of the Code of Iowa,and Section 23.304 of the Ames Municipal Code.
NOW, THEREFORE, the parties hereto have agreed and do agree as follows:
I
PURPOSE
A. It is the purpose of this Agreement to:
Page 1 of 4
2603012/l/13644.005
1. Document, record, and give notice of a certain plan of development, and
the public and private measures and undertakings essential to the implementation of that plan of
development,for the Site.
2. Provide remedies to the City in the event the Owner does not complete the
demolition of building space of approximately 15 feet in width between Lot 1 and Lot 2 to
comply with the lot line setback standards in the Ames Municipal Code in a manner consistent
with an approved site plan or does not restore the buildings to comply with fire rating
requirements of the Ames Building Code(collectively the"Demolition Work").
3. Document and record the City's agreement that it shall not enforce the lot
line setback standards in the Ames Municipal Code unless and until the Owner has completed
the Demolition Work as required in this Agreement.
B. This Agreement does not create or vest in any person or organization,other than
the City, any rights or cause of action with respect to any performance, obligation, plan,
schedule, or undertaking stated in this Agreement, with respect to the Owner. This Agreement
does not prevent the City from amending,modifying,or releasing the Owner from some or all of
the provisions of this Agreement. No amendment, modification, or release from some or all of
the provisions of this Agreement shall affect the City's obligation, as described herein, to not
enforce the lot line setback standards in the Ames Municipal Code. No person shall have any
cause of action or recourse against the City or Owner by reason of any such amendment,
modification,or release.
II
IMPROVEMENTS
A. Demolition Work.
The Owner shall complete the Demolition Work to standards in the Ames
Municipal Code in a manner not later than six (6) months from the recording date of the final
plat. If, due to circumstances beyond the control of the Owner,the Demolition Work cannot be
completed in a timely fashion, the Owner may request and the City may grant extension of the
six (6) month time period. The City agrees that that it shall not enforce the lot line setback
standards in the Ames Municipal Code unless and until the Owner has completed the Demolition
Work as required in this Agreement.
B. Occupancy Permits for New Structures on the Site.
Until the Demolition Work is completed and consistent with an approved site
plan,the Owner shall not apply for any occupancy permits except for permits that are attributable
to internal renovations and tenant changes in existing structures on Lots 1 or 2 of the Site that do
not require increased parking under the provisions of the Ames Municipal Code, as long as
parking spaces as currently configured and available on Lots 1 and 2 remain available for
customer use in sufficient number and type to meet the minimum parking requirements of the
Ames Municipal Code for Lots 1 and 2 combined.
Page 2 of 4
2603012/1/13644.005
C. Limitations on Openings of Exterior Walls Located Adjacent to Property Lines.
All structures are subject to the fire resistance rating requirements. For existing
structures on the Site, any noncompliance resulting from platting must be eliminated within six
(6)months from the recording date of the final plat. Owner shall construct or renovate buildings
with openings with fire separation distances that comply with rating requirements of the City
Building Code.
III
CITY'S REMEDIES
A. The City shall not approve any final plat of any phase of development on the Site
unless said plat is in accordance with and meets the provisions and conditions of this Agreement.
B. The parties agree that all work done by or on behalf of the Owner with respect to
the Site, sidewalks, building design and construction, and utilities, if any, shall be made in
compliance with the Approved Site Development Plan, the Iowa Code, the Ames Municipal
Code, SUDAS, and other federal, state, and Iowa laws and policies of general application,
whether or not such requirements are specifically stated in this Agreement, or as may hereafter
be enacted. All ordinances, regulations, and policies of the City now existing, or as may
hereafter be enacted,shall apply to activity on the Site.
IV
SECURITY
The Owner shall install all improvements required for approval of any or each plat of
subdivision of the Site prior to approval of such final plat; or, execute an improvement
agreement to guarantee the completion of all such required improvements, and provide to the
City as security for the completion of that work,an"improvement guaranty"as stated in Section
23.409 of the Ames Municipal Code. In addition to the improvement guarantee for on-site
public utilities improvements,the Owner shall file a bond,certified check,or letter of credit with
the City Clerk in an amount not less than the certified estimate of the Director of Public Works
for the cost of reconfiguring, constructing, or completing in an acceptable manner the
Demolition Work including those necessary to meet applicable fire resistance rating
requirements,required by this Agreement that have not been installed and accepted by the City
prior to final plat approval. In the event Owners fail to complete the Demolition Work within six
(6) months from the recording of the final plat, the City reserves the right to construct or
complete said improvements and other conditions and to cover the costs thereof with the surety
bond,certified check,or letter of credit,as the case may be. In the event that the City exercises
such right, Owners hereby grant a temporary access and construction easement to the City as
necessary for constructing or completing the Demolition Work and other conditions.
Page 3 of 4
2603012/1/13644.005
JUN-12-2015 10:2B From:HMB 3126063232 To:le474320172 Paee:2/4
V
COVENANT WITH THE LAND
This Agreement shall run with the Site and shall be binding upon the Owner, its
successors and assigns until such time as the Owner has completed in an acceptable manner the
Demolition Work,at which time this Agreement and all associated Security shall terminate.
IN WITNESS WHEREON, the parties hereto have caused this instrument to be
executed effective as of the date first above written.
CITY OFAMES,IOWA STATE;OPIOWA,STORY COUNTY a
utu,On thi-`n day of 2015,WMe mn,.Nntary Public in and far
Ate start urw a' Niy appeared Ann rr Campbell and V—R VmN
By: _ m nm�raonn0y{mown,and,..I.t,be;ag by nw duly sworn,aid say that
41H.Cam bell,Ma Ur than me the Mayer aid City Clrlk,MpMiwly,er the ma wa;City or A ,ru
p y thin the sem am.ed to the foregoing iixtrwiear is the cotpotatn—d ofthe
wit—mirm,"A that the imt in t wia sittoad and a,,led on hehalf of the
cotpomtiou by aurhority ofita City Gma:il,as cmnalnW in r—luritm No.
Attest by: i1� 11 adwtod by the City CNincil oo the :1 day of ri i t t—
2015,aid that Am li Camplwil and Dine R.Vosu selmo;viedgetl the
J)�I eaecil an of the iwd0t e o[be their volunwyIVy net and cued and the
1. vohmrory,act a,td acid ofthe caporatioit by it wtuotnrity caeu.ted. Ili
Diane R.Voss,City Clerk 1aw,us Jill L.Ripper er
a° Commission Numberg146549 Netmy fa sad fbnwa
* * My ComMksion Tres
fowh 3-1�-15(
STNfB OF IOWA,STORY COUNTY u:
Owner On thro tifty uf_ 2015,tmf me,a Notary l,.blic in and for
Ames Associates mrionallyluu,wit. . ar�`d
in
r by nta duly sworn it am:b.,t aid riy dint
that pereoa is .. . of said Limited Parwership end that mid
inatrutneut wm signed on htltalfofthe said Liwital Partnership by authority
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,,�C �r eacetrtion of said inm,mxnt to be Wn vultirtary act wd Jeed nfsaid Lunitcd
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Nui-y Poblio in atd f the Stria of f"i,
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McFarland Clinic West Ames
PF p 3/25/2015
e,a ,4
JCOrp._.
Item Qty Price Sub-Total Total
Demolition $ 22,660.00
Roofing 48 $ 50.00 $ 2,400.00
Steel 48 $ 75.00 $ 3,600.00
Welding Truck 8 $ 150.00 $ 1,200.00
Slab on Grade 2200 $ 3.00 $ 6,600.00
End Walls 96 $ 50.00 $ 4,800.00
Storefront 8 $ 80.00 $ 640.00
Mechanical Demo 16 $ 60.00 $ 960.00
Electrical Demo 16 $ 60.00 $ 960.00
Utility Disconnects 1 $ 1,500.00 $ 1,500.00
Temporary Protection $ 5,400.00
Labor 72 $ 50.00 $ 3,600.00
Material 1 $ 1,800.00 $ 1,800.00
Concrete Foundations $ 14,200.00
Excavation 8 $ 125.00 $ 1,000.00
Footing 33 $ 400.00 $ 13,200.00
Masonry Walls $ 51,480.00
Labor 3960 $ 9.00 $ 35,640.00
Material 3960 $ 4.00 $ 15,840.00
Roofing Repairs $ 13,200.00
EPDM 1100 $ 10.00 $ 11,000.00
Misc.Flashings 220 $ 10.00 $ 2,200.00
Re-Build End Walls $ 21,200.00
Metal Studs/Drywall 2 $ 4,000.00 $ 8,000.00
EIFS 360 $ 20.00 $ 7,200.00
Storefront 2 $ 3,000.00 $ 6,000.00
Site Work $ 23,500.00
Concrete Sidewalks 4000 $ 4.00 $ 16,000.00
Landscaping 1 $ 5,000.00 $ 5,000.00
Cleanup 1 $ 2,500.00 $ 2,500.00
Sub-Total $ 151,640.00
Contingency 10% $ 15,164.00
Design-Build Fee 15% $ 22,746.00
Projected Total $ 189,550.00
a= 3 VI'sxwy s
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