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Ordinance 2014-20 UNITED CITY OF YORKVILLE KENDALL COUNTY, ILLINOIS ORDINANCE NO.2014-20 AN ORDINANCE OF THE UNITED CITY OF YORKVILLE, ILLINOIS, AMENDING THE REQUIREMENTS IN THE YORKVILLE SUBDIVISION CONTROL ORDINANCE REGARDING PROCEDURES FOR THE REDUCTION OF SUBDIVISION SECURITIES Passed by the City Council of the United City of Yorkville,Kendall County,Illinois This 13th day of May,2014 Published in pamphlet form by the authority of the Mayor and City Council of the United City of Yorkville,Kendall County, Illinois on May 27, 2014. Ordinance No. 2014- AN ORDINANCE OF THE UNITED CITY OF YORKVILLE, ILLINOIS, AMENDING THE REQUIREMENTS IN THE YORKVILLE SUBDIVISION CONTROL ORDINANCE REGARDING PROCEDURES FOR THE REDUCTION OF SUBDIVISION SECURITIES WHEREAS,the United City of Yorkville (the "City") is a duly organized and validly existing non home-rule municipality created in accordance with the Constitution of the State of Illinois of 1970 and the laws of the State; and, WHEREAS, pursuant to Section 11-7-1 of the Yorkville Subdivision Control Ordinance the Mayor and City Council (the "Corporate Authorities") may initiate amendments to the Yorkville Subdivision Control Ordinance; and, WHEREAS, the Corporate Authorities on January 28, 2014 authorized the filing of amendments to the Yorkville Subdivision Control Ordinance regarding procedures for the reduction of subdivision securities; and, WHEREAS, the Plan Commission convened and held a public hearing on the 9th day of April, 2014, to consider the request to amend the Subdivision Control Ordinance and, WHEREAS, the Plan Commission after the close of the hearing approved findings of fact and made a recommendation to the Corporate Authorities that the proposed amendments be approved. 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 above recitals are incorporated and made a part of this Ordinance. Section 2: That Title 11, Chapter 5, Subsection 11-5-2F of the Yorkville City Code, as amended,be and is hereby amended to read a follows: "F. Reduction of Subdivision securities Final acceptance, approval of land improvements and corresponding reduction or release of Letters of Credit and/or Performance Bonds shall be as follows: (1) The City Engineer shall issue a written recommendation including the basis for approving, denying or modifying a request for reduction. The recommendation shall include the amount of the reduction based upon the Engineer's estimate of probable cost as adjusted by an inflation factor from the initial date of issuance of the Letter of Credit or Performance Bond to the date of reduction. In order to calculate the inflation factor, the Engineering News Record Construction Cost Index shall be used. Ordinance No. 2014-o�� Page 2 The City engineer shall also determine the remaining amount of the Letter of Credit and/or Performance Bond after the reduction. (2) The City Engineer's written recommendation shall be forwarded to the City Administrator for approval. (3)Upon the City Administrator's concurrence with the City Engineer's recommendation, the reduction shall be deemed approved or denied and the City Engineer is authorized to issue a letter to implement the decision. (4) In the event the City Administrator does not concur with the City Engineer's recommendation, the Mayor shall have the final authority to approve or deny the City Engineer's recommendation. (5) A developer may appeal the decision of the City Administrator to the Mayor, who shall review and make a final determination to affirm or reverse the City Administrator's initial decision. (6) The City Administrator or designee shall issue reports quarterly or more frequently as deemed appropriate, to the Mayor and City Council that summarize Letter of Credit and/or Performance Bond reduction requests that have been received and actions taken pursuant to those requests." Section 3: This Ordinance shall be in full force and effect upon its passage, approval, and publication as provided by law. Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this day of h1C&CA 2014. CI CLE CARLO COLOSIMO KEN KOCH JACKIE MILSCHEWSKI LARRY KOT CHRIS FUNKHOUSER JOEL FRIEDERS ROSE ANN SPEARS DIANE TEELING Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this o?ol day of W y 2014. MA Ordinance No. 2014-o10 Page 3