Ordinance 2002-15 STATE OF ILLINOIS )
ss
COUNTY OF KENDALL 200200017949 or R
) Filed for Record in
KENDALL COUNTY, ILLINOIS
PAUL ANDERSON
08-0E-2002 At 01:24 RM.
ORDINANCE 18.00
ORDINANCE NO. 2002 -
AN ORDINANCE AUTHORIZING THE EXECUTION
OF A DEVELOPMENT/ECONOMIC INITIATIVE AGREEMENT OF
JAMES RATOS
WHEREAS, it is in the best interest of the UNITED CITY OF YORKVILLE, Kendall
County, Illinois, that a certain Development/Economic Initiative Agreement pertaining to the
development of the real estate described on Exhibit "A" attached hereto and made a part hereof
entered into by the UNITED CITY OF YORKVILLE; and
WHEREAS, said Development/Economic Initiative Agreement has been drafted and has
been considered by the City Council; and
WHEREAS, the legal owners of record of the territory which is the subject of said
Agreement are ready,willing and able to enter into said Agreement and to perform the obligations
as required hereunder; and
WHEREAS,the statutory procedures provided in 65 ILCS 5/11-15.1-1,as amended,for the
execution of said Development/Economic Initiative Agreement has been fully complied with; and
WHEREAS, the property is contiguous to the City.
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NOW THEREFORE, BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF
THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS, AS FOLLOWS:
Section 1: That the Mayor and City Clerk are herewith authorized and directed to execute,
on behalf of the City, a Development/Economic Initiative Agreement concerning the development
of the real estate described therein, a copy of which Development/Economic Initiative Agreement
is attached hereto and made a part hereof.
Section 2: That this Ordinance shall be in full force and effect from and after its passage and
approval as provided by law.
MIKE ANDERSON JOSEPH BESCO
VALERIE BURD ` PAUL JAMES
LARRY KOT " Il MARTY MUNNS
ROSE SPEARS RICHARD STICKA
APPROVED by me,as Mayor of the United City of Yorkville,Kendall County,Illinois,this
d (,� y
da of , A.D. 2(U,-3:-
MAYOR
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PASSED by the City Council of the United City of Yorkville,Kendall County,Illinois this
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day of ,A.D. 200
Atte
CITY LERK
Prepared by and return to:
Law Offices of Daniel J. Kramer
1107A S. Bridge Street
Yorkville,Illinois 60560
630.553.9500
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Exhibit "A"
LEGAL DESCRIPTION
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ALL OF LOT 9 IN BLOCK 1 AND THAT PART OF LOT 12 IN BLOCK 3 ALL IN
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CIMARRON RIDGE SUBDIVISION, BEING A SUBDIVISION OF PART OF THE NORTH
HALF OF SECTION 29, TOWNSHIP 37 NORTH, RANGE 7 EAST OF THE THIRD
PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED MAY 215
1991 AS INSTRUMENT NO . 91 -3284, IN THE VILLAGE OF YORKVILLE, KENDALL
COUNTY, ILLINOIS BEING DESCRIBED AS FOLLOWS : BEGINNING AT THE
NORTHWEST CORNER OF SAID LOT 12, ALSO BEING THE NORTHEAST CORNER OF
LOT 9 IN BLOCK 1 OF SAID SUBDIVISION, SAID POINT BEING ON THE SOUTHERLY
RIGHT OF WAY LINE OF ILLINOIS ROUTE 34; THENCE SOUTHEASTERLY ALONG
SAID SOUTHERLY RIGHT OF WAY LINE ON A CURVE TO THE RIGHT HAVING A
RADIUS OF 7423 . 42 FEET, A DISTANCE OF 228 . 62 FEET; THENCE SOUTH 13
DEGREES 20 MINUTES 05 SECONDS WEST, 345 .26 FEET TO THE SOUTH LINE OF
SAID LOT 9 EXTENDED EASTERLY; THENCE NORTH 84 DEGREES 57 MINUTES 39
SECONDS WEST ALONG SAID EXTENDED LINE, 202 . 02 FEET TO THE SOUTHEAST
CORNER OF SAID LOT 9; THENCE NORTH 08 DEGREES 55 MINUTES 39 SECONDS
EAST ALONG THE EAST LINE OF SAID LOT 95 A DISTANCE OF 373 . 79 FEET TO THE
POINT OF BEGINNING IN THE CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS .
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Revised June 11 , 2002
200200017950 1
Filed for Record in
STATE OF ILLINOIS ) KENDALL COUNTY , ILLINOIS
) ss . PAUL ANDERSON
08-0E-2002 At 01w24 GM .
COUNTY OF KENDALL ) AGREEMENT 38 . 00
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UNITED CITY OF YORKVILLE
AND JAMES RATOS
DEVELOPMENT/ECONOMIC INITIATIVE AGREEMENT
THUXIS DEVELOPMENT AGREEMENT (this "Agreement") is made and entered into as
of the// day of June, 2002 by and between THE UNITED CITY OF YORKVILLE, an Illinois
corporation ocated in Kendall County (the "CITY") and JAMES RATOS (the "DEVELOPER") .
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RECITALS
A. The CITY is an Illinois municipality and hereby enters into this Agreement pursuant
to 65 ILCS 5/8 - 11 -20 ("Enabling Statute") ; and pursuant to Section 6 (a) of Article
VII of the Constitution of the State of Illinois of 1970, the CITY has determined that
it has the authority to enter into this Agreement.
I3 . The DEVELOPER has purchased and intends to develop the real property located
south of Route 34 and east of Cannonball Trail and legally described in Exhibit "A"
(the "Property") for commercial uses ("Development Project") subject to a zoning
ordinance enacted by the CITY. DEVELOPER has demonstrated to the CITY ' s
satisfaction that the DEVELOPER has the experience and capacity to complete the
Development Project. The DEVELOPER and the CITY have determined that
without the financial assistance provided under this Agreement the Development
Project would not be feasible and that the DEVELOPER would not undertake the
Development Project, The DEVELOPER has expressly conditioned the undertaking
of the Development Project on the CITY' s agreement to pledge the Sales Tax
Revenues (defined later) it receives from the Development Project to repay
DEVELOPER its Reimbursable Improvements (defined later), all as provided in this
Agreement.
C . The CITY deems it to be of significant importance to encourage development within
the CITY so as to maintain a viable real estate tax and sales tax base and employment
opportunities . Accordingly, the CITY has made the following findings necessary
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pursuant to the Enabling Statute :
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1 . That the Property has remained vacant for at least one year;
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2 . That the Development Project is expected to create job opportunities within
the municipality;
3 . That the Development Project will serve to further the development of
adjacent areas;
4. That without this Agreement, the Development Project would not be
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possible;
5 . That the DEVELOPER meets high standards of creditworthiness and
financial strength;
6 . That the Development Project will strengthen the commercial sector of the
municipality;
7 . That the Development Project will enhance the tax base of the CITY;
8 . That this Agreement is made in the best interest of the CITY; and
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96 Pursuant to the Illinois Municipal Code, as amended ("Code"), the CITY has
authority to enter into an economic incentive agreement relating to the
development of land within corporate limits, including an agreement to share
or rebate a portion of the retailer' s occupation taxes received by the CITY
that are generated by the development.
D . Subject to the terms and conditions of this Agreement, the CITY agrees to reimburse
the DEVELOPER for its Reimbursable Improvements . In reliance upon the CITY ' s
representations and covenants contained in and subject to the terms and conditions
of this Agreement, the DEVELOPER intends to cause the Reimbursable
Improvements (as hereinafter defined) to be constructed and to enter into
construction contracts and other agreements as necessary.
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E. This Agreement has been submitted to the corporate authorities of the CITY for
consideration and review, and the corporate authorities have given all notices and
taken all actions required to be taken prior to the execution of this Agreement to
make this Agreement effective .
NOW, THEREFORE, to maintain and revitalize business within the CITY by assuring
opportunities for development and attracting sound and stable commercial growth; to promote the
public interest and to enhance the tax base of the CITY; to induce the DEVELOPER to undertake
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the Development Project; in consideration of the DEVELOPER' s agreement to undertake the
Development Project and the CITY ' s agreement to reimburse the DEVELOPER for the costs of
causing the construction of certain of the Reimbursable Improvements ; and in consideration of the
mutual promises, covenants, stipulations and agreements herein contained in this Agreement, the
DEVELOPER and the CITY hereby agree as follows :
1 . Incorporation of Recitals .
The recitals set forth above are incorporated hereby by this reference as if fully set forth
herein.
2 . Creation of Economic Incentive Agreements .
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The CITY acknowledges that an economic incentive agreement for the subj ect commercial
property within the Property will provide incentives for development within the Property, which will
provide sales tax benefits to the CITY. The CITY shall, upon application by DEVELOPER or its
assigns, pursuant to 65 ILCS 5/8- 11 -20 (2000) or any other statutory means, enact all ordinances and
execute all agreements to share or rebate a fifty percent (50%) portion of the CITY ' s allocated
portion of sales tax revenue as set forth herein to DEVELOPER or as assigned in writing by
DEVELOPER, pursuant to the terms provided in this paragraph of the Agreement (hereinafter
referred to as "Incentives") . For purposes of this Agreement a "commercial retail user" shall be any
user that collects sales tax as part of its operation. The commercial retailer user shall be referred to
as the "Generator".
The CITY acknowledges that its agreement to execute this Development/Economic Initiative
Agreement is a material inducement to DEVELOPER to enter into this Agreement.
3 , Development Incentive Reimbursement.
A. Incentives . The DEVELOPER pursuant to the terms of this Agreement shall
be repaid 100% of its Reimbursable Improvement costs (defined below) out
of 50% of sales tax generated by any "Generator" on the Property or any
additional property purchased by DEVELOPER, as evidenced by paid lien
waivers and sworn contractor affidavit submitted to the CITY. The CITY
shall include simple interest of five percent (5 %) per annum on the
Reimbursable Improvement calculation for the balance of Reimbursable
Improvements incurred by DEVELOPER. Interest shall be calculated
annually and shall commence with the Certificate of Occupancy being issued
to the first store (or other business operator) on the Property. DEVELOPER
shall be entitled to recover 'up to the total amount of the Reimbursable
Improvement calculation plus interest for a period of fifteen ( 15 ) years
commencing from the date ofpassage and execution of this Agreement by the
CITY as set out in the attached Exhibit "B " incorporated herein by reference
"Engineer ' s Opinion of Probable Cost and as delineated on Exhibit "C"
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attached hereto and incorporated herein by reference as "Proposed Site
Improvements".
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In the event DEVELOPER recovers its full Reimbursable Improvement plus
interest calculation prior to that expiration time, the right to recovery shall
terminate earlier than the previous stated expiration date . In the event
DEVELOPER has not received all of its Reimbursable Improvements
calculation and interest upon said expiration date, the Agreement shall be
treated as expired. Interest shall not be compounded. These Reimbursable
Improvements include, but are not limited to, the following :
i) Roadway expansions and tapers off-site on Route 34 as disclosed in
the attached Exhibit ` B " of approximately $ 80,000 . 00 ; and
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ii) Water Main looping of Twenty Thousand & 00/00 ($20, 000 . 00) .
iii) The CITY shall distribute the sales tax revenue generated by any
Generator as follows :
50% to the DEVELOPER, or as directed by the DEVELOPER;
50% to the CITY;
B . Sales Tax and Sales Tax Revenue Defined. The term Sales Tax used herein
refers to revenues generated by the sale of merchandise from and collected
under the Retailer's Occupation Tax, or any other "sales tax" or similar tax
that may be enacted by the State of Illinois or any governmental agency or
body created under the laws of the State of Illinois, based upon gross sales,
and located within the State of Illinois, that is collected by the Generators as
a result of business transactions occurring on the Property. In the event that
the CITY ' s share of said sales tax or substitute tax is reduced or increased by
the State, then the affected Generator's share thereof shall be reduced or
increased in the same proportion.
C . Payment Obligation. The CITY hereby agrees to pay DEVELOPER or its
assignee the quarterly installment payments made to the CITY by the Illinois
Department of Revenue within thirty (30) days of receipt by the CITY of the
quarterly installments, and continuing until the Reimbursable Improvements
and applicable interest are paid to the DEVELOPER as set out in this
Agreement.
i) The "quarterly installment payment" shall mean an amount equal to
one-half (1/2) of the sales tax revenue received by the CITY from the
State generated by each Generator on the Property, or any additions
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to the Property. All amounts paid to the DEVELOPER will be due
and payable solely from one-half (%) of the sales tax revenues
received by the CITY from any Generator's sales for the preceding
calendar quarter,
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ii) However, if the CITY no longer receives sales tax revenues from the j
Generator due to a change in Illinois statutes , then the CITY shall
make payments to the DEVELOPER from any alternate sources of
revenue provided to the CITY by the State, if any are made,
specifically as a replacement or substitute for sales tax revenue
presently received by the CITY.
D . Verification of Costs . Following construction of the Reimbursable
Improvements, DEVELOPER shall provide the CITY with final lien waivers
and sworn contractor affidavit establishing the cost of such improvements .
E . Commencement Date. The terms of this Agreement shall be for fifteen ( 15 )
years commencing October 1 , 2002 and expiring October 1 , 2017, or such
earlier date as DEVELOPER received payment in full hereunder.
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F . Sources of Funds to Pay Reimbursable Development Project Costs .
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i) Funds necessary to pay for the Incentives are to be solely derived
from the additional sales tax generated by the Generators . This
pledge of additional sales tax revenues hereby is approved by the
CITY.
ii) In order to comply with the terms of this Agreement, DEVELOPER
shall require in writing all tenants in the Property and to any
subsequent purchasers of any portion of the Property to direct the
Illinois Department of Revenue to provide the CITY with a
breakdown of sales tax being remitted to the CITY for each
commercial retailer on-site. In the event DEVELOPER or a
commercial retailer fails to provide the CITY with written authority
for release of said information from the Illinois Department of
Revenue the CITY shall have no duty to remit sales tax proceeds
from that commercial retailer to the DEVELOPER.
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41 Assignability.
It is expressly agreed and understood by the parties to this Agreement that the benefits
contemplated in the Development/Economic Initiative Agreement and pursuant to 65 ILCS 5/8 - 11 -
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20 (2000) are assignable at the option of the DEVELOPER. Upon such written assignment by the
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DEVELOPER, Generator shall have all rights currently vested in the DEVELOPER under the
Development Agreements, this Ordinance and applicable law, and shall be entitled to enforce same
by any legal or equitable remedy. If any Lot is sold by the DEVELOPER, DEVELOPER shall be
entitled to continue to receive payments for Reimbursable Improvements pursuant to the
Development/Economic Initiative Agreement unless specifically assigned by the DEVELOPER j
5 . Reimbursement Procedures.
A. Sales Tax Reports . DEVELOPER agrees to cause all Generators to execute
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and deliver to the CITY a written direction, in form and content acceptable j
to the CITY and the Illinois Department of Revenue ("DOR"), authorizing
the DOR to release to the CITY the sales tax figures for the Generator, on a
quarterly basis and during the term of this Agreement. The CITY agrees to
take the necessary action to initiate the transaction. Should the DOR cease
to release the sales tax information to the CITY on a quarterly basis,
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DEVELOPER and all Generators shall be responsible for any further action
to obtain the sales tax information from the DOR or shall be responsible for
submittal of the sales tax information from the DOR or shall be responsible
for submittal of the sales tax information as provided for in the next
paragraph of this Agreement.
In the event the DOR fails to submit to the CITY the quarterly sales tax
information for any Generator as provided for in Section A above,
DEVELOPER shall cause Generators to, contemporaneous with the filing of
sales tax reports with the Illinois Department of Revenue or successor
agency, furnish to the CITY copies of any and all sales tax returns, sales tax
reports, amendments, or any other paper filed with the State of Illinois, said
Department of Revenue or other appropriate governmental entity, pertaining
to the Generators, and certified as being true and correct, which documents
are being provided to the CITY for purposes of identifying sales tax revenues
collected pursuant to this Agreement.
B . Confidentiality. The CITY acknowledges and agrees that information to be
provided by Generators hereunder are proprietary and valuable information
and that any disclosure or unauthorized use thereof will cause irreparable
harm to DEVELOPER and/or DEVELOPER' s affiliates and/or Generator
and/or Generator' s affiliates, and to the extent permitted by state of federal
law, including but not limited to Section 7 ( 1 )(g) of the Illinois Freedom of
Information Act, the CITY agrees to hold in confidence all sales figures and
other information provided by DEVELOPER or Generators or obtained from
DEVELOPER' s or Generator' s records in comlection with this Agreement,
and in connection therewith, the CITY shall not copy any such information
except as necessary for dissemination to the CITY ' s agents or employees as
permitted hereinafter. The CITY shall be permitted to disclose such
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information (i) to its agents or employees who are reasonably deemed by the
CITY to have a need to know such information for purposes of this
Agreement; provided, that such agents and employees shall hold in
confidence such information to the extent required of the CITY hereunder or
(ii) to the extent required by order of court or by state of federal law . The
confidentiality requirements of this Agreement shall survive any expiration,
termination or cancellation of this Agreement and shall continue to bind the
CITY, its successors, assigns and legal representatives for a period of five (5)
years from the termination, expiration or cancellation of this Agreement. All
Generators shall be treated as third party beneficiaries to this Confidentiality
provision.
6 . Audit.
Each payment by the CITY to DEVELOPER shall be accompanied by a statement executed
by the City Treasurer or the Treasurer' s designee, setting forth the calculations of such payment and
identifying the sales tax return period to which the payment relates . The City Treasurer or the
Treasurer' s designee shall further issue a statement setting forth all payments made to date to
DEVELOPER. DEVELOPER shall have one ( 1 ) year following the receipt of said payment to
contest any of the calculations or information contained in said statements. DEVELOPER shall have
the right to review all sales tax reports provided to the CITY by the state relating to any Generator j
upon two days written request by DEVELOPER.
7 . Default/Right to Cure.
No party shall be deemed in default hereunder until such Party has failed to cure the alleged
default with ten ( 10) days in the case of a monetary default, or within thirty (3 0) days in the case of
a non-monetary default, from notice of such default from the other Party; provided, however, if the
nature of such non-monetary default is such that it cannot reasonably be cured within such thirty (30)
days period, then such Party shall not be deemed in default if such Party commences to cure such
default within such thirty (30) day period and thereafter diligently prosecutes such cure to
completion.
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In the event of a default and except as may be otherwise provided herein to the contrary, the
non-defaulting party may : (i) terminate this Agreement upon written notice to the defaulting party, j
recover from the defaulting party all damages incurred by the non-defaulting party; (ii) except as
may be otherwise expressly provided to the contrary herein, seek specific performance of this
Agreement, and, in addition, recover all damages incurred by the non-defaulting party; (the parties
declare it to be their intent that this Agreement may be specifically enforced) ; (iii) pursue all other
remedies available at law, it being the intent of the parties that remedies be cumulative and liberally
enforced so as to adequately and completely compensate the non-defaulting party.
8 . No Obligation to Develop , Open or Operate.
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Nothing contained in this Agreement shall be deemed to obligate DEVELOPER, Generator
or any of Generator' s affiliates to construct any improvements on the Property or to open or operate
any form of business in the Property for any period of time or at all. j
9 . Additional Covenants.
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A. Time. Time is of the essence unless otherwise stated in this Agreement and
all time limits set forth are mandatory and cannot be waived except by a
lawfully authorized and executed written waiver by the parry excusing such
timely performance.
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B . Binding Effect. This Agreement shall be construed and enforced in
accordance with the laws of the State of Illinois .
C . Severability. If any provision of this Agreement is held invalid by a court of
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competent jurisdiction or in the event such a court shall determine that the
CITY does not have the power to perform any such provision, such provision
shall be deemed to be excised herefrom and the invalidity thereof shall not
affect any of the other provisions contained herein.
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D . Notices . All notices and requests required pursuant to this Agreement shall
be sent by certified mail as follows :
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To Developer: James Ratos
207 W. Kendall Dr.
Yorkville, IL 60560
To the City: United City of Yorkville
800 Game Farm Rd.
Yorkville, IL 60560
With copies to : Mr. Daniel J. Kramer
Law Offices of Daniel J. Kramer
1107A S . Bridge Street
Yorkville, IL 60560
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E . Authority to Execute. The signatories of the parties hereto warrant that they
have been lawfully authorized by the City Council of the CITY and the Board
of Directors of DEVELOPER, to execute this Agreement on their behalf.
F . Attorneys ' Fees . If a party commences a legal proceeding to enforce any of
the terms of this Agreement, the prevailing party in such action shall have the
right to recover reasonable attorneys ' fees and costs from the other Party to
be fixed by the court in the same action.
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G. Relationship of the Parties.Nothing herein shall be deemed or construed by
the Parties or by any third party as creating the relationship of principal and
agent or of partnership of or joint venture between the Parties, it being
understood and agreed that no provision herein, nor any acts of the parties,
shall be deemed to create any relationship between the parties.
H. Remedies Not Exclusive. Except as may be otherwise expressly provided
herein,the various rights and remedies herein contained and reserved to each
of the parties, except as herein otherwise expressly provided, are not
exclusive of any other right or remedy of such party,but are cumulative and
in addition to every other remedy now or hereafter existing at law,in equity
or by statute. No delay or omission of the right to exercise any power or
remedy by either party shall impair any such right, power or remedy or be
construed as a waiver of any default or non-performance or as acquiescence
therein.
IN WITNESS WHEREOF,this Agreement is entered into at Yorkville,Illinois,as of the date
and year shown above.
UNITED CITY OF YORKVILLE,
an Illinois Municipal Corporation,
Bye By:
MAYOR U JAMES RATOS
Att ate: � �-1 ITL
\ Y ERK
Date: )m'e'
Law Offices of Daniel J. Kramer
1107A S. Bridge Street
Yorkville, Illinois 60560
630.553.9500
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Exhibit "A"
LEGAL DESCRIPTION
ALL OF LOT 9 IN BLOCK 1 AND THAT PART OF LOT 12 IN BLOCK 3 ALL IN
CIMARRON RIDGE SUBDIVISION, BEING A SUBDIVISION OF PART OF THE NORTH
HALF OF SECTION 29, TOWNSHIP 37 NORTH, RANGE 7 EAST OF THE THIRD
PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED MAY 21 ,
1991 AS INSTRUMENT NO . 91 -32845 IN THE VILLAGE OF YORKVILLE, KENDALL
COUNTY, ILLINOIS BEING DESCRIBED AS FOLLOWS : BEGINNING AT THE
NORTHWEST CORNER OF SAID LOT 12, ALSO BEING THE NORTHEAST CORNER OF
LOT 9 IN BLOCK 1 OF SAID SUBDIVISION, SAID POINT BEING ON THE SOUTHERLY j
RIGHT OF WAY LINE OF ILLINOIS ROUTE 34; THENCE SOUTHEASTERLY ALONG
SAID SOUTHERLY RIGHT OF WAY LINE ON A CURVE TO THE RIGHT HAVING A
RADIUS OF 7423 .42 FEET, A DISTANCE OF 228 . 62 FEET; THENCE SOUTH 13
DEGREES 20 MINUTES 05 SECONDS WEST, 345 . 26 FEET TO THE SOUTH LINE OF
SAID LOT 9 EXTENDED EASTERLY; THENCE NORTH 84 DEGREES 57 MINUTES 39
SECONDS WEST ALONG SAID EXTENDED LINE, 202 . 02 FEET TO THE SOUTHEAST
CORNER OF SAID LOT 9 ; THENCE NORTH 08 DEGREES 55 MINUTES 39 SECONDS
EAST ALONG THE EAST LINE OF SAID LOT % A DISTANCE OF 373 . 79 FEET TO THE
POINT OF BEGINNING IN THE CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS .
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CANNONBALL RUN PLAZA - INTERSECTION IMPROVEMENTS
ENGINEER'S OPINION OF PROBABLE COST
PREPARED BY SMITH ENGINEERING CONSULTANTS, INC.
JOB NUMBER: RATO-010498.01 -2
" ATE: 3/26/2002
PAY ITEM UNITS QUANTITY UNIT COST TOTAL COST
Bituminous Materials Prime Coat) GAL 372 $ 1 .75 $ 651 .00
Aggregate Base Course, 4" TON 227 $ 14.00 $ 31178 .00
Bituminous Concrete Binder Course, 2" TON 115 $ 38.00 $ 4$ 70.00
Bituminous Concrete Surface Course, 2" TON 115 $ 42.00 $ 41830,00
BAM , 12" TON 668 $ 34.00 $ 22,712.00
Earth Excavation CU YD 552 $ 19.00 $ 103488 .00
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SECTION TOTAL $ 469229 .00
:.....::............ . . .:..:..: . :... .. ...•....:....... ... .:::.::::.:::::::::::::::::::::::._::::::.:::. ::::::::::::::::::::::::.;:.;:.; :.;:.;:.;:.;:.;:.;:.;;;;;;:;::.;:.: :.;:.:;.;:.;:.::;:.;:.;:.;:.;:.;;: .:;.;:.;;;;:.;;:.;:.::.;:::.:::. :.;:.;:.;:.;:.;:.;:.;:.:;;;:.;:.:
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Aggregate Base Course, 4" TON 88 $ 14600 $ 11232 .00
BAM , 12" TON 259 $ 34.00 $ 8,806,00
Aggregate Shoulder, 8" TON 222 $ 18.00 $ 3 ,996.00
Earth Excavation CU YD 280 $ 19.00 $ 51320,00
SECTION TOTAL $ 19,354,00
..................... .......... ...... .......................... . ....... . ................... .. .. .... ....... .......... ....... .......
Bituminous Materials (Prime Coat) GAL 433 $ 1 .75 $ 757.75
Aggregate Base Course, 12" TON 857 $ 14.00 $ 11 ,998,00
Bituminous Concrete Binder Course, 2" TON 133 $ 38.00 $ 5,054.00
Bituminous Concrete Surface Course, 2" TON 133 $ 42.00 $ 51586,00
Combination Concrete Curb and Gutter, 86. 12 LF 600 $ 15.00 $ 91000,00
Earth Excavation CU YD 547 $ 19.00 $ 101393,00
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SECTION TOTAL $ 42 ,788.75
Thermoplastic Pavement Marking - Letters and Symbols SQ FT 144 $ 4600 $ 576,00
Thermoplastic Pavement Markin - Line 4" LF 2200 $ 1 .00 $ 21200,00
Thermoplastic Pavement Marking - Double Line 4" LF 2100 $ 2.00 $ 41200,00
Thermoplastic Pavement Marking - Line 8" LF 355 $ 2.25 $ 798,75
Thermoplastic Pavement Marking - Line 12" LF 510 $ 2.50 $ 11275,00
Thermoplastic Pavement Marking - Line 24" LF 32 $ 4.00 $ 128,00
Seeding Acre 0.2 $ 1 ,400.00 $ 280,00
Fire Hydrants EACH 4 $ 1 ,800.00 $ 73200,00
Water Main, 8" Ductile Iron LF 1035 $35.00 $ 36,225,00
Water Valve and Valve Box, 8" EACH 2 $800.00 $ 11600,00
Tapping Valve and Sleeve in Vault, 12" x 8" EACH 1 $3,200.00 $ 31200.00
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SECTION TOTAL $ 57,682,75
TOTAL COST $ 166,054.50
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