Loading...
HomeMy WebLinkAboutA008 - Email from Planning dated January 25, 2022 - security amount Voss, Diane From: Moore, Justin Sent: Tuesday, January 25, 2022 4:44 PM To: Feilmeyer, Victoria Cc: Lambert, Mark; Voss, Diane Subject: RE: Kingsbury's 5th Addition Thanks. I indicated to Bob he needed to have language releasing t e $13,390. W, will see if Ryan signs. From: Feilmeyer, Victoria <victoria.feilmeyer@cityofames.org> Sent: Tuesday, January 25, 2022 4:39 PM To: Moore, Justin <justin.moore@cityofames.org> Cc: Lambert, Mark<mark.lambert@cityofames.org>; Voss, Diane <diane.voss@cityofames.org> Subject: RE: Kingsbury's 5th Addition Please look at the attachment sent with my comments earlier, which I have attached again for your convenience. Three things from the 4th Addition { COSESCO ($2865), warning panels ($240) and 6" thick sidewalk ($420)1 are not included in the $63,815 tied to the 5th Addition. From: Feilmeyer, Victoria Sent: Tuesday, January 25, 2022 4:33 PM To: Moore,Justin <Justin.Moore@cityofames.org> Subject: RE: Kingsbury's 5th Addition That is not what Cesar indicates. From: Moore, Justin <justin.moore@cityofames.org> Sent: Tuesday,January 25, 2022 4:31 PM To: Feilmeyer, Victoria <victoria.feilmeyer@cityofames.org> Cc: Cintron, Cesar<cesar.cintron@cityofames.org> Subject: RE: Kingsbury's 5th Addition So, based on what he is saying the cash security covers the LOC. That makes sense. Why cant we release the $17,815 back in full then? Justin From: Moore, Justin Sent: Tuesday, January 25, 2022 4:30 PM To: Feilmeyer, Victoria <Victoria.Feilmeyer@cityofames.org> Cc: Cintron, Cesar<cesar.cintron@cityofames.org> Subject: FW: Kingsbury's 5th Addition From: Ryan <ryan@wildwatercarwash.com> Sent: Tuesday, January 25, 2022 4:22 PM To: Moore,Justin <justin.moore@cityofames.org> i Cc: Goodwin Law Office <goodwinlawoffice@fbx.com> Subject: Re: Kingsbury's 5th Addition [External Email] Justin- The security deposit I left with Voss, was to cover the 4th and the 5th to a total of$63815 ($17315 for the 4th, and $45500 for the 5th), so that should release the LOC completely. Ryan On 1/25/2022 4:10 PM, Moore,Justin wrote: Bob, After review the legal department has the following comments. 1) An Exhibit which is the cost estimate will need to be attached. This exhibit must be referred to in the agreement. It needs to say the following language: WW is required to construct certain improvements and utilities (the "Improvements") within the real estate as shown on the attached Exhibit Wand incorporated herein by reference. WW shall deposit with the City Clerk cash security in the amount of$63,315 to secure the Improvements. The parties agree that the City may construct the Improvements in the event that WW, or its successors and/or assigns,fail to do so as agreed, and to cover the cost with the cash security deposited with the City Clerk. Upon the satisfactory completion of the said Improvements, including paying the reasonable engineering and inspections fees therefor, the Clerk may release the security to the party posting the some. 1. The agreement needs to authorize the release of$13,390 if so desired for the completed work. Rya n, Public Works has indicated that not all of the improvements for the 4" Addition are complete and they can only release $13,390 of the LOC. This means we will need to hold the existing LOC or you will need to bring in a new one for the difference in the meantime. Which do you prefer?This makes a difference in the amount Bob has to put in the agreement language. Thanks, Justin Moore From: Goodwin Law Office <goodwinlawoffice@fbx.com> Sent: Tuesday,January 25, 2022 2:08 PM To: Moore, Justin�Siustin.moore@cityofames.org> Cc: 'Ryan Davis' <ryan@wildwatercarwash.com>; 'John Williams' <]williams@hpikeconst.com>; 'Eric Thompson' <elt@foxeng.com> Subject: RE: Kingsbury's 5th Addition Importance: High [External Email] 2 January 25, 2022 Justin Moore Re: Kingsbury's 51h Addition Dear Justin: My apologies. The document is now attached. Sincerely, Joni Rentschler Legal Secretary for Robert W. Goodwin GOODWIN LAW OFFICE, P.C. Robert W. Goodwin Attorney at Law 2211 Philadelphia Street, Suite 101 Ames, IA 50010-8767 Phone: 515-232-7390 Fax: 515-232-7396 Email: goodwinlawofficekfbx.com Attachment cc: Ryan Davis John Williams Eric Thompson This electronic transmission and any documents accompanying this electronic transmission contain confidential information belonging to the sender. This information may be legally privileged. The information is intended only for the use of the individual or entity named above. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution or the taking of any action in reliance on or regarding the contents of this electronically transmitted information is strictly prohibited. If you have received this electronic transmission in error, please immediately notify the sender by e-mail or telephone. Thank you. From: Moore,Justin <iustin.moore@citvofames.org> Sent: Tuesday,January 25, 2022 1:52 PM To: Goodwin Law Office <goodwinlawoffice@fbx.com> Cc: Ryan Davis<ryan@wildwatercarwash.com>;John Williams <iwilliams@hpikeconst.com>; Eric Thompson <elt@foxeng.com> Subject: RE: Kingsbury's 5th Addition Bob, It doesn't appear the attachment got put with the email. Justin From: Goodwin Law Office<goodwinlawoffice@fbx.com> Sent:Tuesday,January 25, 2022 1:51 PM To: Moore,Justin<justin.moore@cityofames.org> 3