HomeMy WebLinkAboutResolution 2026-014Resolution No. 2026-14
A RESOLUTION OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY,
ILLINOIS APPROVING THE RELEASE OF A PERFORMANCE GUARANTEE
BOND RELATED TO GRANDE RESERVE UNIT 6
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
$206,106.54 to the City, related to the development of Grande Reserve Unit 6 (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 $206,106.54 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. 2026-14
Page 1
Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this
241h day of February, A.D. 2026.
KEN KOCH
AYE
ARDEN JOE PLOCHER AYE
CHRIS FUNKHOUSER AYE
RUSTY CORNEILS AYE
ITY CLERK--��
DAN TRANSIER AYE
CRAIG SOLING AYE
MATT MAREK AYE
RUSTY HYETT AYE
APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois
this ' day of y , A.D. 2026.
MAYOR
Attest:
TY CLERK
Resolution No. 2026-14
Page 2
JOB NO:
Y02229-DR
DESIGNED:
EMW
DATE:
1 /28/2026
PROJECT TITLE:
GRANDE RESERVE - UNIT 6
ITEM I
I
I
UNIT
NO. JITEM
I
UNIT JQUANTITYJ
PRICE
AMOUNT
LOT 432 - 2920 CRYDER WAY
1
PORTLAND CEMENT CONCRETE SIDEWALK, 5"
SOFT
400
$ 15.00
$ 6,000.00
2
PARKWAY LANDSCAPING
SQYD
80
$ 15.00
$ 1,200.00
3
PARKWAY TREE
EA
1
$ 1,000,00
$ 1,000.00
SUBTOTAL
$ 8,200.00
CONTINGENCY (20%)
$ 1,640.00
LOT TOTAL
$ 9,840.00
LOT 473 - 2875 CRYDER WAY
1
PORTLAND CEMENT CONCRETE SIDEWALK, 5"
SOFT
475
$ 15.00
$ 7.125,00
2
PARKWAY LANDSCAPING
SQYD
95
S 15,00
$ 1,425.00
3
PARKWAY TREE
EA
1
$ 1,000.00
$ 1,000.00
SUBTOTAL
$ 9.550.00
CONTINGENCY (20%)
$ 1,910.00
LOT TOTAL
$ 11,460.00
LOT 443 - 2872 CRYDER WAY
1
PORTLAND CEMENT CONCRETE SIDEWALK, 5"
SOFT
450
$ 15.00
$ 6,750.00
2
PARKWAY LANDSCAPING
SQYD
90
$ 15.00
$ 1,350.00
3
PARKWAY TREE
EA
1
$ 1,000.00
$ 1,000.00
SUBTOTAL
$ 9,100.00
CONTINGENCY (20%)
$ 1.820.00
LOT TOTAL
S 10,920.00
LOT 452 - 2820 CRYDER WAY
1
PORTLAND CEMENT CONCRETE SIDEWALK, 5"
SOFT
400
$ 15.00
$ 6,000.00
2
PARKWAY LANDSCAPING
SQYD
80
$ 15.00
$ 1,200.00
3
PARKWAY TREE
EA
1
$ 1,000.00
$ 1,000 00
SUBTOTAL
$ 8.200.00
CONTINGENCY (20%)
$ 1,64C.00
LOT TOTAL
$ 9,840.00
TOTAL ENGINEER'S OPINION OF PR06AI31-E GUN5 I RUG I IUN GUS 0 $ 4L,UbU.UU