Resolution 2025-002 Resolution No. 2025-02
A RESOLUTION OF THE UNITED CITY OF YORKVILLE, KENDALL
COUNTY, ILLINOIS APPROVING THE RELEASE OF A PERFORMANCE
GUARANTEE BOND RELATED TO GRANDE RESERVE UNIT 3
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, Grande Reserve (Chicago) ASLI VI, L.L.L.P., an Illinois limited liability
limited partnership ("Developer") submitted a Performance Guarantee Bond in the amount of
$98,055.00 to the City, related to the development of Grande Reserve Unit 3 (the "Project"); and
WHEREAS, the Developer has completed the Project and all punch-list items from the
Project's one year warranty period; and
WHEREAS, City staff and engineering consultants recommend the release of the
Performance Guarantee Bond to the Developer.
NOW,THEREFORE,BE IT RESOLVED by the Mayor and City Council of the United
City of Yorkville, Kendall County, Illinois:
Section 1. That the foregoing recitals are hereby incorporated in this Resolution as the
findings of the Corporate Authorities.
Section 2. That the full Performance Guarantee Bond in the amount of 98,055.00 be
released to Grande Reserve (Chicago) ASLI VI, L.L.L.P., as recommended by the City's
engineering consultants, Engineering Enterprises, Inc.
Section 3. That this resolution shall be in full force and effect from and after its passage
and approval according to law.
Resolution No.2025-02
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Passed by the City Council of the United City of Yorkville, Kendall County, Illinois
this 14th day of January, A.D. 2025.
1611 6e)Al"
Y CLERK
KEN KOCH AYE DAN TRANSIER AYE
ARDEN JOE PLOCHER AYE CRAIG SOLING AYE
CHRIS FUNKHOUSER AYE MATT MAREK AYE
SEAVER TARULIS ABSENT RUSTY CORNEILS AYE
APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois
this 1 ay of J-anuan) , A.D. 2025.
MAYO
Attest:
WAIU4
CLERK
Resolution No. 2025-02
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