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Home My WebLink AboutA015 - Letter of Credit 999581230 documents - released in full Am' le s Smart Choice Public Works Department 515 Clark Avenue,Ames, Iowa 50010 Phone 515-239-5160 ♦ Fax 515-239-5404 January 5, 2021 Diane Voss,Ames City Clerk City of Ames Ames, Iowa 50010 Diane: I hereby acknowledge that the installation of storm water best management practices (BMP's) as required by Chapter 56 of the Ames Municipal Code for the development at Wheelock Corner Subdivision has been completed in an acceptable manner and verified with submitted and certified as-built plans. With the acceptance of financial security for the 4-year maintenance of their storm water BMP's, it is recommended that the financial security on file with the City for the installation of the storm water BMP's for this development be released in full. Respectfully, Tracy Peterson, P.E. Municipal Engineer cc: Designer/Engineer, Developer/Owner, COA Project Planner Public Works Department 515.239.5160 noun 515 Clark Ave.P.O.Box 811 Engineering 515.239.5404 jix Ames,IA 50010 www.CityofAmes.org Voss, Diane From: Justin Dodge <justin.dodge@hunziker.com> Sent: Monday, January 4, 2021 10:29 AM To: Calhoun, Liz; Peterson, Tracy Cc: Voss, Diane Subject: Re: Wheelock Corner 5B [External Email] Thank you - now that we have the maintenance bond (in check form) to Liz, could we get the LOC for the stormwater facilities at Wheelock Corner reduced to $0? Thanks On Tue, Dec 29, 2020 at 8:31 AM Calhoun, Liz<Liz.Calhoun@cityofames.org>wrote: Eric, Yes that fixed it and the sheets print out with the as-built information. The As-built Plans are approved and we will watch for the Maintenance security from Justin. Thanks. Liz Liz Calhoun, P.E. Stormwater Resource Analyst City ofAmes Icolhoun@cityofomes.org Office 515.239.5575 Cell: 515.231.3023 1 fox 515.239.5404 City Hall, 515 Clark Avenue I Ames, IA 50010 www.CityofAmes.org Caring People - Quality Programs - Exceptional Service 7 Voss, Diane From: Peterson, Tracy Sent: Wednesday, January 6, 2021 9:27 AM To: Voss, Diane; Calhoun, Liz Subject: RE: Wheelock Corner 513 Attachments: Wheelock Corner 5B installation release letter.pdf Diane, I finally found a copy of the letter template that has been used in the past so here is a letter of release for Wheelock Corner. I will also follow up one for WalMart. ("Please note my name change and updated email address below") Tracy Peterson, PE Municipal Engineer Public Works Department City Hall, 515 Clark Ave. I Ames, IA 50010 M .00*1%L S 515.239.5163 main tracy.peterson@cityofames.org Mailing: 515 Clark Ave. I Ames, IA 50010 www.CityofAmes.org Help make the City of Ames even better.! Download the Ames on the Go app today! From: Peterson,Tracy Sent:Tuesday,January 5, 2021 6:37 PM To:Voss, Diane <Diane.Voss@cityofames.org>; Calhoun, Liz<Liz.Calhoun@cityofames.org> Subject: RE: Wheelock Corner 5B Diane, Thank you for the phone call today. I have read through my emails and see that Liz has approved the stormwater as- builts and therefore the security can be released now that you have in hand the maintenance security. 1 Thank you all very much for working on this! ("Please note my name change and updated email address below") Tracy Peterson, PE Municipal Engineer Public Works Department City Hall, 515 Clark Ave. I Ames, IA 50010 HI Iles 515.239.5163 main tracy.Peterson Qcityofames.orq Mailing: 515 Clark Ave. I Ames, IA 50010 www.CitVofAmes.org Help make the City of Ames even better! Download the Ames on the Go app today! From:Voss, Diane <diane.voss@cityofames.org> Sent: Monday,January 4, 2021 11:28 AM To: Calhoun, Liz <Liz.Calhoun@citvofames.org>;Justin Dodge<justin.dodge@hunziker.com>; Peterson,Tracy <tracy.peterson@citvofames.org> Subject: RE: Wheelock Corner 5B Yes, I now have the check in the amount of$5,400. Amy had the check and put it in my inbox a little bit ago. I will deposit it as a cash security maintenance bond. Diane R.Voss, City Clerk/Records Manager 515 Clark Avenue Ames, Iowa 50010 515-239-5105 diane.voss@citvofames.org From: Calhoun, Liz<Liz.Calhoun@cityofames.org> Sent: Monday,January 4, 2021 10:33 AM To:Justin Dodge <iustin.dodge@hunziker.com>; Peterson,Tracy<tracy.peterson@cityofames.org> Cc:Voss, Diane<diane.voss@cityofames.org> Subject: RE: Wheelock Corner 5B Tracy, I passed on the LOC check for Maintenance Security to Diane last Wednesday, Dec 30. Liz 2 Voss, Diane From: Voss, Diane Sent: Thursday, January 7, 2021 11:01 AM To: Justin Dodge Subject: FW:Wheelock Corner 5B Attachments: Wheelock Corner 5B installation release letter.pdf Justin: Please see the information from Tracy Peterson shown below. Would you like me to send you the original LOC and hard copy of the release letter,or to whom would you like to receive it? j ws-h v� Diane R.Voss, City Clerk/Records Manager iC, V 6`V�C . 515 Clark Avenue r Y J Ames, Iowa 50010 LO - 515-239-5105 ;J V d S diane.voss@cityofames.org From: Peterson,Tracy<tracy.peterson@cityofames.org> Sent: Tuesday,January 5, 2021 6:37 PM To: Voss, Diane <diane.voss@cityofames.org>; Calhoun, Liz<Liz.Calhoun@cityofames.org> Subject: RE: Wheelock Corner 5B Diane, Thank you for the phone call today. I have read through my emails and see that Liz has approved the stormwater as- builts and therefore the security can be released now that you have in hand the maintenance security. Thank you all very much for working on this! ("Please note my name change and updated email address below") Tracy Peterson, PE Municipal Engineer Public Works Department City Hall, 515 Clark Ave. I Ames, IA 50010 A Irni e s 515.239.5163 main t Availa Bank- IRREVOCABLE STANDBY LETTER OF CREDIT Date:April 15,2020 "Beneficiary" City of Ames ("Beneficiary") City Hall 515 Clark Ave. Ames, IA 50010 IRREVOCABLE STANDBY LETTER OF CREDIT NO.999581230 ISSUE DATE:April 15, 2020 EXPIRATION DATE:April 15,2021 Dear Madam or Sir: Availa Bank hereby establish in your favor our irrevocable standby letter of credit for the account of DW Portfolio, LLC of Ames, Iowa for an amount of about$132,949.25 U.S. Dollars,available by your draft(s)at sight on ourselves effective April 15,2020 and expiring at Carroll, Iowa on April 15,2021. Drafts must be accompanied by: Beneficiary's signed statement that: "The amount of our draft represents funds owed by DW Portfolio, LLC of Ames, Iowa to City of Ames"Storm Water Management",or any assignee or successor-in-interest of City of Ames. Partial drawings are permitted. Each draft must bear upon its face the clause:"Drawn under Letter of Credit No. .999581230 dated April 15,2020 of Availa Bank, Carroll, Iowa." All banking charges are for the account of DW Portfolio, LLC,Ames, Iowa. Except so far as otherwise stated herein,this letter of credit is subject to the International Standby Practices(ISP 98), International Chamber of Commerce Publication No. 590. We hereby agree with you that drafts drawn under and in compliance with the terms of this credit will be duly honored upon presentation. Kindly address all correspondence regarding this letter of credit to the attention of our Letter of Credit Operations, Availa Bank 126 W 6th St., Carroll, Iowa 51401,Attention Kevin L. Brooks, mentioning our reference number as it appears above. Telephone inquires can be made to Kevin L. Brooks at 515.956.2430. Very truly yours, K in L. Brooks Regional Manager Authorized Official Wheelock Corner Subdivision Public Improvements&Storm Water Management(Financial Security) Item Quantity Unit Unit Price Totals Subgrade Preparation, 12" 3,510 SY $2.75 $9,652.50 PCC Curb&Gutter, 30" 1,743 LF $16.00 $27,888.00 Curb Backfill 1,797 LF $1.50 $2,695.50 Pavement, HMA Base, 7" 2,395 SY $33.00 $79,035.00 Pavement, HMA Surface, 2" 2,395 SY $10.00 $23,950.00 Pavement, PCC,8" 256 SY $75.00 $19,200.00 Sidewalk Pavement, PCC,4" 473 SY $35.00 $16,555.00 Pedestrian Ramps, PCC,6" 53 SY $75.00 $3,975.00 Detectable Warning Panels 72 SY $25.00. $1,800.00 Saw Cut PCC Pavement, Full Depth 171 LF $8.00 $1,368.00 Pavement Removal 199 SY $10.00 $1,990.00 Storm Sewer,Trenched, RCP Class III, 15" 62 LF $38.00 $2,356.00 Storm Sewer,Trenched, RCP Class III, 18" 31 LF $44.00 $1,364.00 Storm Sewer,Trenched, RCP Class III,24" 722 LF $52.00 $37,544.00 Storm Manhole,SW-401,48" 1 EA $3,000.00 $3,000.00 Single Grate Intake, SW-501 5 EA $2,200.00 $11,000.00 Single Grate Intake with Manhole,SW-503 4 EA $4,000.00 $16,000.00 Double Open Throat Curb Intake,Small Box,SW-509 1 EA $7,500.00 $7,500.00 Water Main,Trenchless, PVC,8" 50 LF $500.00 $25,000.00 Water Main,Trenched,8" 1,001 LF $30.00 $30,030.00 Water Connection to Existing Main 1 EA $6,000.00 $6,000.00 Fitting, MJ Bend,8" 19 EA $500.00 $9,500.00 Fitting, MJ Tee,8" 3 EA $500.00 $1,500.00 Sleeve, MJ, 8" 1 EA $750.00 $750.00 Cap, MJ,8" 3 EA $500.00 $1,500.00 Valve, MJ Gate,8" 10 EA $1,800.00 $18,000.00 Fire Hydrant Assembly 5 EA $4,200.00 $21,000.00 Sanitary Sewer Gravity Main,Trenched,8" 526 LF $50.00 $26,300.00 Sanitary Manhole,SW-301,48" 3 EA $5,500.00 $16,500.00 COSESCO(erosion control) 16.5 AC $500.00 $8,250.00 Street Lights 1 LS $35,000.00 $35,000.00 Financial Security for Public Improvements TOTAL: $466,203.00 Item Quantity Unit Unit Price Totals Excavation and Embankment 10,991 CY $2.75 $30,225.25 Storm Sewer,Trenched, RCP Class III, 15" 34 LF $38.00 $1,292.00 Storm Sewer,Trenched, RCP Class III, 18" 109 LF $44.00 $4,796.00 Storm Sewer,Trenched, RCP Class III,24" 378 LF $52.00 $19,656.00 Storm Sewer,Trenched, RCP Class III,42" 342 LF $110.00 $37,620.00 Pipe Apron, RCP, 18" 1 EA $2,400.00 $2,400.00 Pipe Apron, RCP,42" 1 EA $4,200.00 $4,200.00 Storm Manhole,SW-401,48" 3 EA $3,000.00 $9,000.00 Open Sided Area Intake,SW-513 1 EA $3,600.00 $3,600.00 Area Intake,SW-512,36" 3 EA $2,400.00 $7,200.00 Turf Reinforcement Mats,Type 4 2.6 SQ $600.00 $1,560.00 Class D Riprap 200 TON $32.00 $6,400.00 Seeding(Type 4),Urban Temporary Erosion Control Mix 0.5 AC $2,000.00 $1,000.00 Seeding(Native) 1 AC $4,000.00 $4,000.00 Financial Security for Storm Water Management(Chapter 56)TOTAL 1 2,949.25