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Home My WebLink About0000 Cider Mill Drive - Infrastructure - 6/5/2005CITY OF SOUTH BURLINGTON DEPARTMENT OF PLANNING & ZONING 575 DORSET STREET SOUTH BURLINGTON, VERMONT 05403 (802) 846-4106 FAX (802) 846-4101 February 9, 2006 Paul O'Leary, Jr. O'Leary — Burke Civil Associates, PLC 1 Corporate Drive, Suite 1 Fssey Junction; VT 05452 Re: Cider Mill Phase I — Reduction of Letter of Credit #1031139 Dear Mr. O'Leary: Per your request of January 18, 2006, please be advised that the City of South Burlington authorizes the reduction of the above referenced Letter of Credit from $1,270,355 to $801,352. Please submit a new Letter of Credit for the reduced amount. Sincer y i R d J. Belair Administrative Officer O'Leary -Burke Civil Associates, PLC CIVIL ENGINEERING I REGULATORY AND PERMIT PREPARATION I LAND SURVEYING I CONSTRUCTION SERVICES I LAND USE PLANNING December 14, 2006 Ray Belair City of South Burlington 575 Dorset Street So. Burlington, VT 05403 Re; Cider Mill Phase 1 Reduction in Letter of Credit Dear Ray, Please find attached the original construction cost estimate ($2,020,944) dated June 22, 2005 and a revised estimate dated December 28, 2005 for the first phase of the Cider Mill project. Phase 1 included: Cider Mill Drive from Sta. 0+00 to 15+00; Crispin Drive from 5to 0+00 to 16+32; Braeburn Drive from 5ta 0+00 to 1+00; 5tormwater ponds 4, 5, and 6; The pump station and forcemain to Dorset Street and; The recreation path along the South side of Crispin Drive. A request was made for a reduction in the Letter of Credit per the December 28, 2005 estimate and was granted in an authorization letter dated February 9, 2006 which is attached for your conveinience. A third estimate, dated December 11, 2006, shows the amount of work completed to date ($1,980,600) representing 98% of the estimated construction cost. Per a phone conversation with you on December 14, 2006, it is my understanding that the letter of credit be maintained at 10% of the overall construction cost for a period of 2 years after the completion of construction. Because the remaining cost is under 10% ($40,344) we would like to request a reduction in the letter of credit for Phase 1 from $801,352 to $202,094. Please let us know at your earliest convienence if you need additional information to process this request. Sincerely, Daniel V. Rexford �t- 2v- oL 8► . 7`>1z crse, sfrcc�8 frw{�!<<sJ/h-S S�r�t-� Enc. cc: Al Bartlett A. �� /'� a►rXc trS Y C. "-) c4'� i-7 �v .GG G nM �e�c� n -S"A ri 1 CORPORATE DRIVE SUITE #1 ESSEX JUNCTION VERMONT 05452 TEL 802 878 9990 I FAX 802 878 9989 I obca@olearyburke.com 9 M om•�� WN 16 16A 1 4 W11 0 1 DK @• 440 SHUNPIKE RD. - WfLUSTON, VT 05495 (802%; 864-0037 THE CMER MILL Phase I June 22, 2005 Control I LS 105,000.00 105,000.00 -Erosion Clearing & Grubbing 5 A 3,700.00 18,500.00 St_ri &Stockpile Topsoil 12,400 CY 2.75 34,100.00 Roadway Cuts and Fills 28,000 CY 3.10 86,800.00 10' Paved Recreational Path 3,350 LF 35.00 117,250.00 Wooden Boardwalk 200 LF 225.00 45,000.00 8" PVC Sewer Main 3,505 LF 22.75 79,738.75 48" DIA. Manhole 15 EA 2,075.00 31,125.00 6"Sewer Service 11 EA 550.00 6,050.00 4" Sewer Service 46 EA 525.00 24,150.00 Sewage Pump Station I LS 79,895.00 79,895.00 Electrical & Startup 1 LS 4500'00 4,500.00 Valve Pit I LS 7:865Go 7,865-00 5400 Gallon Storage Tank 2 EA 12,870.00 25,740.00 6' Force Main 1,348 LF 19.25 25,949.00 Connection Manhole 1 EA 5,100.00 5,100. GO 12" x 12" Wet Tap & Valve I EA 4,900.00 4,900.00 Road X-ING Sleeve 2 EA 7,000.00 14,000-00 12" Ductile Iron Water Main 1,600 LF 35.50 56,800.00 12" Gate Valve & Box 6 EA 1,330.00 7,980.00 12" x 8" Wet Tap 1 EA 3,750.00 3,750.00 8" Ductile Iron Water Main 5,180 LF 25.75 133,385.00 8" Gate Valve & Box 18 EA 650.00 11,700.00 Hydrant wNalve 11 EA 2,350.00 25,850.00 3/4" Water Service 68 EA 525.00 35,700.00 Catch Basins 33 EA 1,785.00 58,905-00 12" PVC Storm Drain 1,205 LF 22.00 26,510.00 15" PVC Storm Drain 895 LF 26.00 23,270.00 18" PVC Storm Drain 585 LF 34.25 20,036.25 24" PVC Storm Drain 506 LF 40.50 20,493.00 3' x 2' Box Culvert I LS 22,500.00 22,500.00 Wingwalls, Rip -Rap, etc. I LS 12,500.00 12,500.00 4" Underdrain 10,140 LF 10.25 103,935-GO 4" PVC Drainage 450 LF 9.50 4,275.00 Drainage Ditch 680 LF 14.00 9,520.00 4" Underdrain Service 51 EA 315.00 16,06500 Pond #3 1 LS 27,000-00 27,000.00 Pond #4 1 LS 26,000.00 26,000.00 Pond #5 1 LS 34,000-00 34,000-00 Pond #6 1 LS 24,000.00 24,000.00 600x Stabilization Fabric 21,100 SY 0.75 15,825.00 24" Gravel Base 15,850 Cy 14.10 223,485.00 Concrete Curb 8,470 LF 11.75 99,522.50 2" Type 11 Asphalt Base 17,075 SY 6.00 102,450.00 1" Type III Asphalt To 17,075 SY 3.00 51,225.00 5'Wide Concrete Sidewalk 3,420 LF 16.50 56,430.00 Driveway Aprons 27 EA 280.00 7,560.00 Topsoil & Seed within ROM I LS 28,860.00 28,860.00 ,Miscellaneous Items 1 LS 15,750.00 15,750.00 • ■1616, 440 SHUNPiKE RD. • WILLiSTON. VT 05495 (802)864-0037 THE CIDER MILL December 28, 2005 Roadway Construction Summary of Completed Work 3• '110 Jill? jv Erosion Control 105,000.00 85% 89,250.00 Ctearin & -Grubbing 18 500.00 90% 16,650.00 Strip & Stockpile Topsoil 34:100.00 90% 30,690.00 Roadway Cuts and Fills 86,800.00 100% 86,800.00 10' Paved Recreational Path 117,250.00 0% 0.00 Wooden Boardwalk 45,000.00 0% 0.00 8" PVC Sewer Main 79,738. 55 1000/0 79,738.75 48" DIA. Manhole 31,125.00 95% 29,568,75 6"Sewer Service 6,050.00 100% 6,050.00 4" Sewer Service 24,150.00 100% 24,150.00 Sewage Pump Station 79,895.00 0% 0.00 Electrical & Startup4,500.00 0% 0.00 Valve Pit 7,865.00 0% 0.00 5400 Gallon Storage Tank 25,740.00 0% 0.00 6" Force Main 25,949.00 0% 0.00 Connection Manhole 5,100.00 65% 3,315.00 12" x IT Wet Tap & Vatve 4,900.00 100% 4,900.00 Road X-ING Sleeve 14,000.00 50% 7,000.00 12" Ductile Iron Water Main 56,800.00 100% _ 56,800.00 12" Gate Valve & Box 7,980.00 100% 7,980.00 12" x 8" Wet Tap 3,750.00 0% 0.00 8" Ductile Iron Water Main 133,385.00 74% 98,705.00 8" Gate Valve & Box 11,700.00 91% _ 10,647.00 Hydrant wNalve 25,850.00 100% - 25,850.00 3/4" Water Service 35,700.00 - 100% 35,700.00 Catch Basins 58,905.00 " 95% 55,959.75 12" PVC Storm Drain 26,510.00 100% 26,510.00 15" PVC Storm Drain 23,270.00 100% 23,270.00 18" PVC Storm Drain 20,036.25 100% 20,036.25 24" PVC Storm Drain 20,493.00 100% 20,493.00 3' x 2' Box Culvert 22,500.00 _ 100% 22,500.00 _ Win walls, Rip -Rap, etc. 12,500.00 100% 12,500.00 4" Underdrain 103,935.00 100% 103,935.00 4" PVC Drainage 4,275.00 100% 4,275.00 Drainage Ditch 9,520.00 80% 7,616.00 4" Underdrain Service 16,065.00 100% 16,065.00 Pond #3 27 000.00 100% 27 000.00 Pond #4 26,000.00 100% 26,000.00 Pond #5 34,000.00 100% 34 000.00 Pond #6 24,000.00 0% 0.00 600x Stabilization Fabric 15,825.00 100% 15,825.00 24" Gravel Base 223,485.00 80% 178,788.00 Concrete Curb 99,522.50 0% 0.00 2"Type II As halt Base 102,450.00 0% 0.00 1" Type III As halt T 51,225.00 0% 0.00 5' Wide Concrete Sidewalk 56,430.00 0% 0.00 DrivewayAprons 7,560.00 00/0 0.00 Topsoil & Seed within R.O.W 28,860.00 0°%o 0•00 Miscellaneous Items 15,750.00 1 70% 11,025.00 .a._ ...,..., s.i ..L:F a..:. ;...,.."�. 2006 12/12 08:43 FAX 802 893 0102 JC ANTONE & CO Z 001 rr . HOHE.R r AND COMPANY Mr. Alan Bartlett Dorset Street Associates 25 Pinecrest Drive Essex Jct,, VT 05452 Dear AT, Enclosed is a summary of the roadway construction work Cider Mill project on Dorset Street in South Burlington. construction estimate for Phase I of the Cider Mill, which The roadway and related items are now 98% complete. E Asphalt top on Crispin Drive, Royal Drive and Braeburn time. December 11, 2006 has been completed at the summary is based on the done on June 22, 2005. ty Aprons and I "Type III are not completed at this s Willis 2008 12/12 08:43 FAX 802 893 0162 JC ANTONE & COj002 THE CIDER MILL Roadway Const ructior! Summary of Completed WOrir December 11, 2006 Erosion Control 9 Q5,o00 OD 105,000.OQ.—_ Clearing & Grubbin 18 500.00 —_100% 100% — 1$ 500-00 Step &Stockpile Topsoil .... ___ Roadway Cuts and Fills 34 100.00 -._.._._L�_�.- 100E _ 34,100.00 86,800-00 100% 86,800.00 10' paved Recreational Path 117,250.00 100E _ 1 117.250.00 Wooden Boardwalk 45,000.00 100% 45,000.00 8" PVC Sewer Main 79.738.75 100E _ 79,738,75 - 37 125,00 48" DIA. Manhole 31,125..00-- 6,050.00 - -- - _ 100% 100E 6"Sewer Service _ 4" Sewer Service -_ �- 6,050,00 24 150.00 100% 24 150.00 Sewage PumP 5taflon„. '.-•- Electrical & Startup .----.--78,895.00 _-- .__ _ 500-00 7,865,00„ 25 7AO.pr) —_—_—._ 100%.... 100% 4 500.00 Valve Pit - w JOQT° 100% -•---� -� _ 7,865.00 - 25 74D_00 5400 Gallon Storage Tank, _ 6" Force Main _ _ T 25,94900 100% 25 949.00 Connection Manhole 5 100-00 100% 5 100.00 12" x 17" Wet Tap & Valve 4,90000 100% 4 900.00 Road X_ING Sleeve _ . _ 12" Ductile Iran Water Main 14 000.00 100E 14,000,00 56 800.00 100E 56,800.00 12" Gate Valve & Box 12" x 8" Wet Tap 7 980.00 100% _ 7.980.00 3 750.00 100°% 3,750,00 8" Ductile Iron Water Main 133,385.00 100% 133,385-00 8" Gate Valve & Box 11 700-00 100% 11 700.00 Hydrant wNalve 25 850.00 100% 25 850.00 ZM" Water Service 35 700.00 100% 35 700.00 Catch Basins 58 905-00 100% 58 905.00 12" PVC Storm Drain_ 26,510.00 23,270=00� 100°h 1 23 270-OC 16" PVC Storm Drain 18" PVC Storm Drain 20,036.25 1OD% 20,036.25 20 493.OQ 24" PVC Storm Drain 20 493.00 22.500.00 100% 100% 3' x 2' Box Culvert 22,500,00 Win walls Rip-Rep,etc. 12.500.00 _._ 103,935.00 ._,... _,-.------.1000/° . 100%0 12,500.00 4" Underrlrain 103,935.00 4" PVC Draina a 4,275.00 — • 9.520,00 _ 100E y 00% - — _ �4,275,00 9,520.00 Drainage Ditch -- 4" Underdrain Service 16,065-00 27 000-00 100% 100% 16 065.00 Pond #3 27 000.00 Pond #4 Pond #5 26 000-00 100% 26,000.00 34 000.00 100% 34 000.00 Pond #6 24 000.00 100% 24 000,00 600x Stabilization Fabric 15,825-00 100°% 15,825.00 24" Gravel Base 223,48500 100°% 223 485.00 Concrete Curb 99,522.50 100°k 99.522.50 2" Type 11 Asphalt Base 102 450.00 100% 102 450.00 1" Type III halt Top 51,225.00 36% 18,441.00 5' Wide Concrete Sidewalk 56.430.00 100E _ 56,430,00 Driveway Aprons 7,580.00 0% 0.00 Topsoil & Seed wi hln R-O.W 28,860M 100% _ 28,860.00 Miscellaneous items 15,750.00 100% 15,150.00 � _ December 28, 2006 R�r R!-1,ai r 1 City of South Burlington 575 Dorset Street South Burlington, VT 05403 Re: Irrevocable Standby Letter of Credit #1031139 Expiration Date: June 7, 2008 Dorset Street Associates, LLC 25 Pinecrest Drive Essex Junction, VT 05452 Dear Beneficiary: The above -mentioned Letter of Credit is amended as follows: Decrease value of credit by: $599,258.00 (New value of $202,094.00) All other terms and conditions remain the same. _rul of rs' Brian D. Messier Banking Officer Two Burlington Square P.O. Box 820 Burlington, Vermont 05402 802-658-4000 www.chittenden.com CITY OF SOUTH BURLINGTON DEPAKI'MhENT OF PLANNING & ZONING 575 DORSET STREET SOUTH BURLINC'1'ON, VERMONT 05403 (802) 846-4106 FAX (802) 846-4101 December 21, 2006 Daniel V. Rexford O'Leary -Burke Civil Associates 1 Corporate Drive, Suite 1 Essex Junction, VT 05452 Re: Cider Mill Phase I - Reduction on Letter of Credit Dear Mr. Rexford: This is in response to your letter of December 14, 2006 requesting a reduction in the Letter of Credit for the above referenced project from $801,352 to $202,094. Please be advised that the City Engineer has reviewed your request and it is hereby approved. e �C 43�r 1 Administrative Officer ?4 / February 16, 2006 Ray Belair City of South Burlington 575 Dorset Street South Burlington, VT 05403 Re: Irrevocable Standby Letter of Credit #1031139 Expiration Date: June 7, 2008 Dorset Street Associates, LLC 25 Pinecrest Drive Essex Junction, VT 05452 Dear Beneficiary: The above -mentioned Letter of Credit is amended as follows: Decrease value of credit by: $469,003.00 (New value will be $801,352.00) All other terms and conditions remain the same. Very truly yours, Debra E. Cross Vice President Two Burlington Square P.O. Box 820 Burlington, Vermont 05402 802-658-4000 www.chittenden.com SUBDIVISION LETTER OF CREDIT AGREEMENT THIS AGREEMENT, executed in triplicate between Aorse-� S�r�-t ASS c des .C, , of SCL44 ,i,.' 4t., . I/T hereinafter referred to as "(DEVELOPER", CA; f-j e4 /1 ha,; OF hereinafter referred to as "BANK", and C i , hereinafter referred to as " M U I P L ITY". WITNESSETH: WHEREAS, Developer has received final subdivision approval frori the MUNICIPALITY'S C,evelop71a ent Review Board for the development of a subdivision consisti-Ig of lots with related improvements, in a development to cl " be known as L ez i #C 81-I bf,16 b n 46./IT , as depicted on and in accordance with the specifications as set fwh on sheet of --d- or. the final plat plan entitled, " Dycra It 6,1L1rla,Sl0 Pl " dated P 10-710 preparea Dy �t ( as recorded in Book pages _7-1,1 of the Land Recor of the City of South Burlington; WHEREAS, DEVELOPER is required by said approval, at its own expense, to complete the construction of the development site in accordance with the plan approved by the Development Review Board; WHEREAS, the parties to the Agreement wish to establish a mechanism to secure the obligations of the DEVELOPER for the work as set forth above; and WHEREAS, the BANK executes this Agreement solely in the capacity of issuer of a Letter of Credit hereinafter specified; NOW, THEREFORE, the parties hereby covenant and agree as follows: 1. DEVELOPER will, at its own expense, complete the following construction as depicted and in accordance with the specifications set forth in said final plat and related documents: titer MI'[I' nfi�,le. S+A l qoc r-n Sir �51r'JC7 : � r1}nl ,i �/f u� is 5 fia ��3 Z; ��g��r/► D� �>e� � #41 H-) #6l, Pv,-y S144 Moo 4r, NO, oiUL polls 2. The Developer shall complete the improvements set forth in Paragraph 1 no later than C 3. DEVELOPER shall replace or repair any defective o, improper work or materials which may be recognized within one year after completion of the improvements set forth in Paragraph 1. For the purpose of this Agreement "completion" shall be deemed to have occurred when the MUNICIPALITY has inspected and approved the construction of all the improvements required by this Agreement and issued written notice to the DEVELOPER that the construction is complete. 4. For the guarantee of DEVELOPER's performance of all requirements hereunder set forth, DEVELOPER has caused the BANK to issue its Irrevocable Letter of Credit in favor of the MUNICIPALITY, the original of which is attached to the MUN!CIPALITY's copy of this Agreement, and a copy of which is attached to the DEVELOPER's copy of this Agreement. During the term o this Agreement, DEVELO?ER shall cause the attached Letter of ::credit to be re.-iewee at least thirty (30; days before the maturity date thereof. Failure of the DEVELOPER to deliver evidence of such renewal to MUNICIPALITY thirty (30) days prior to the date of e;. piration of said Letter of Credit shall constitute a defy •ilt of the terms of this Agreement. 5. Said Irrevocable Letter of Credit provides that the drafts drawn under said credit, must be accompanied by a written statement signed by a duly authorized agent of the MUNICIPALITY, that in the judgement of the MUNICIPALITY, the DEVELOPER is in default under the term:. of this Agreement, and that the funds to be drawn by the draft are in payment for, or in anticipation of payment for materials, labor and services required for completion of the improvements identified in Paragraph 1. Payment of each draft will be made at sight when presented to the BANK by the MUNICIPALITY, the payment limited only by the aggregate amounts presented in relationship to the maximum amount of the Letter of Credit. If DEVELOPER shall be in default of the Agreement for seven (7) days because of its failure to provide evidence of renewal of the Letter of Credit, required in paragraph 4 above, the MUNICIPALITY shall notify DEVELOPER by certified mail of said default. DEVELOPER shall then within three (3) business days provide MUNICIPALITY with evidence of said renewal of Letter of Credit or MUNICIPALITY may notify BANK of such default and request payment under said Letter of Credit. 6. The DEVELOPER and MUNICIPALITY hereby agree that the sum of ($4�20235�, — ) shall be sufficient to secure DEVELOPER's obligations under this Agreement but shall not relieve DEVELOPER from the obligation to pay any additional costs, if actual costs exceed the above -stated cost. 7. The MUNICIPALITY will promptly submit to the DEVELOPER a copy of any draft it submits to the BANK. The consent of the DEVELOPER to payment of said draft by BANK to the MUNICIPALITY under said Letter of Credit shall not be required. 8. The MUNICIPALITY shall not file with the BANK a Statement of Default until ten (10) days after notice has been sent to the DEVELOPER, by certified mail, setting forth its intention to do so. 9. All funds drawn on the BANK by the MUNICIPALITY pursuant to the Letter of Credit shall be used so ely by the MUNICIPALITY for the purpose of completing construction of the in iprovements identified in Paragraph 1. Any work contracted for by the MUNICIPALITY pursuant hereto shall be let on a contractual basis, or on a time and material basis, or shall be performed by the MUNICIPALITY's own work force and equipment, or shall be accomplished in such other manner as in the judgement of the MUNICIPALITY shall accomplish the work more expeditiously and econcmically. 10. If payments are drawn on the BANK by the MUNICIPALITY pursuant to said Letter of Credit, and it shall later develop that a portion of the monies drawn are in excess of the MUN'CIPALITY's needs, any such excess amount shall be refunded by the MUNICIPALITY to the BANK, to be credited by said BANK to the DEVELOPER. 11. This Agreement and said Letter of Credit shall terminate and shall be of no force and effect upon completion of one year warranty period as described in the above Paragraph 3. If the MUNICIPALITY has not delivered any written notice to the DEVELOPER of any defective or improper work or materials in the construction of the improvements within the twelve (12) month period, or if notice has been given and the defective work or materials have been corrected by the DEVELOPER, the MUNICIPALITY shall forthwith notify the BANK in writing that the Letter of Credit may be cancelled, and shall return the original Letter of Credit to the BANK, and both the DEVELOPER and the BANK shall be released from all obligations hereunder and under said Letter of Credit. 12. Upon request of DEVELOPER, but only at the sole discretion of the MUNICIPALITY, the MUNICIPALITY may agree to reduce the amount of said Letter of Credit required hereunder if the MUNICIPALITY believes that the full amount of said Letter of Credit is no longer necessary to protect its interest, and shall notify the BANK in writing of such reduction in the amount of the Letter of Credit. 13. The BANK may not modify the Letter of Credit without first receiving written consent of the MUNICIPALITY. 14. DEVELOPER hereby agrees to indemnify and hold BANK harmless from all claims, causes of action or liability of any kind arising out of this Agreement or the issuance by BANK of this Letter of Credit, including attorney's fees, as long as BANK follows the terms and conditions outlined in said Letter of Credit. 15. This agreement shall be binding on all parties hereto and their respective heirs, executers, administrators, successors, and assigns. Dated at ESSe--,/, , Vermont, this day of . u me IN THE PRESENCE OF: Wl t � �BY �QCYi(� Uuly Authorized Agent (DEVELOPER) Dated at k, f- c ►ti Vermont, this day of 20 IN 01E PRESENCE OF: By: Dated at,(". �!o✓ Vermont, this day of u y uthorize Agent (CITY OF SOUTH BURLINGTON) ,M CITY OF SOUTH BURLINGTON DEPARTMENT OF PLANNING & 'ZONING 575 DORSET STREET SOUTH BURUNGTON, VERMONl' 05403 (802) 846-4106 FAX (802) 846-4101 February 15, 2006 Michael Gingras Chittenden Bank PO Box 820 Burlington, VT 05402-0820 Re: Cider Mill Phase I — Reduction of Letter of Credit #1031139 Dear Mr. Gingras: Per Paul O'Leary's request of January 18, 2006, please be advised that the City of South Burlington authorizes the reduction of the above referenced Letter of Credit from $1,270,355 to $801,352. Please submit a new Letter of Credit for the reduced amount. Sin RayMond J. Belair Administrative Officer A O'Leary -Burke Civil Associates, PLC CIVIL ENGINEERING I REGULATORY AND PERMIT PREPARATION I LAND SURVEYING I CONSTRUCTION SERVICES I LAND USE PLANNING January 18, 2006 Ray Belair City of South Burlington 575 Dorset Street So. Burlington, VT 05403 Re: Cider Mill Phase 1 Reduction in Letter of Credit Dear Ray, Please find attached the original construction cost estimate ($2,020,944) dated June 22, 2005 for the first phase of the Cider Mill project. Phase 1 included: Cider Mill Drive from Sta. 0+00 to 15+00; Crispin Drive from Sta 0+00 to 16+32, Braeburn Drive from Sta 0+00 to 1+00; Stormwater ponds 4, 5, and 6; The pump station and forcemain to Dorset Street and; The recreation path along the South side of Crispin Drive. A second estimate, dated December 28, 2005, shows the amount of work completed to date ($1,219,592). The purpose of this letter is to request a reduction in the letter of credit for Phase 1 from $2,020,955 to $801,352. Please let us know at your earliest convienence if you need additional information to process this request. Enc. Sincerely, r' Paul O'Leary Jr., P.E. 1 CORPORATE DRIVE SUITE #1 ESSEX JUNCTION VERMONT 05452 TEL 802 878 9990 I FAX 802 878 9989 I obca@olearyburke.com W ®&&§ 440 SHUNPIKE RD. • WILLISTON, VT 05495 (802) 864-0037 Mr. Alan Bartlett Bartlett -Weaver Associates 25 Pinecrest Drive Essex Jct., VT 05452 Dear Al, June 22, 2005 Enclosed is an updated estimate for the first phase of the "Cider Mill" project on Dorset Street in South Burlington. This phase consists of the first 1500 feet of Cider Mill Drive, all of Crispin Drive, all of Royal Drive, and 650 feet of Braeburn Street. The total length of roadway is about 5050 feet. The sewer system includes a pump station with storage tanks and a force main. The water system includes two taps off existing 12-inch water main on Dorset Street and is mainly 8-inch ductile iron pipe except the pipe on Cider Mill Drive, which is 12-inch ductile iron. The storm drainage systems empty into four separate detention ponds. About 3300 feet of paved recreation path will be constructed in this phase of construction. No attempt has been made to allow for costs that would be incurred if ledge excavation were necessary. The cost of utilities (power, telephone, cable, and natural gas) should be added to this estimate along with landscaping, engineering costs, permit fees, etc. If I can be of further help, please call. Sincerely, . Ua,9--O_, Robert Willis 440 SHUNPIKE RD. • WILLISTON, Tr 05495 (802) 864-0037 THE CIDER MILL Phase I June 22, 2005 Erosion Control 1 LS 105,000.00 105,000.00 Clearing & Grubbing 5 A 31700.00 18,5W.00 Strip & St 'le Topsoil 12,400 CY 2.75 34,100.00 Roadway Cuts and Fills _ 28,000 CY 3.10 86,800.00 19 Paved Recreational Path 3,350 LF 35.00 117,250.00 Wooden Boardwalk 200 LF 225.00 45,000.00 8" WC Sewer Main _ 3,505 LF 22.75 79 738.75 48" DIA. Manhole 15 EA 2,075.00 31,125.00 6"Sewer Service 11 EA 550.00 6,050.00 4" Sewer Service 46 EA 525.00 _ 24,150.00 Sewage Pump Station 1 LS 79 895.00 79,895.00 Electrical & Startup 1 LS 4,500.00 4,500.00 Valve Pit 1 LS 7,865.00 7,865.00 MW Gallon Storage Tank _ 2 EA 12,870.00 25,740.00 6" Force Main 1 348 LF 19.25 25,949.00 Connection Manhole 1 EA 5100.00 5,100.00 12" x 12" Wet Tap & Valve 1 EA 4,900.00 4,900.00 Road X-ING Sleeve 2 EA 7,000.00 14 000.00 12" Ductile Iron Water Main 1,600 LF 35.50 56,800.00 12" Gate Valve & Box 6 EA 1330.00 7,980.00 12" x 8" Wet Tap 1 EA 3,750.00 3,750.00 8" Ductile Iron Water Main 5,180 LF 25.75 133,385.00 8" Gate Valve & Box 18 EA 650.00 11,700.00 Hydrant wNalve 11 EA 2,350.00 25,850.00 3/4" Water Service 68 EA 525.00 35,700.00 Catch Basins 33 EA 1,785.00 58,905.00 12" PVC Storm Drain 1,205 LF 22.00 26,510.00 15" PVC Storm Drain 895 LF 26.00 23,270.00 18" PVC Storm Drain 585 LF 34.25 20,036.25 24" PVC Storm Drain 506 LF 40.50 20,493.00 Tx 2' Box Culvert 1 LS 22,5W.00 22,500.00 Win-grwalls, Rip-Rap,etc. 1 LS 12,500.00 12,500.00 4" Underdrain 10,140 LF 10.25 103,935.00 4" PVC Drainage 450 LF 9.50 4,275.00 Drainage Ditch 680 LF 14.00 9,520.00 4" Underdrain Service 51 EA 315.00 16 065.00 Pond #3 1 LS 27,000.00 27 000.00 Pond #4 1 LS 26,000.00 26,000.00 Pond #5 1 LS 34,000.00 34,000.00 Pond #6 1 LS 24 000.00 24,000.00 600x Stabilization Fabric 21,100 SY 0.75 15,825.00 24" Gravel Base 15,850 CY 14.10 223,485.00 Concrete Curb 8,470 LF 11.75 99 522.50 2" Type II Asphalt Base 17,075 SY 6.00 102,450.00 1" Type III Asphalt Top 17,075 SY 3.00 51 225.00 5' Wide Concrete Sidewalk 3,420 LF 16.50 56,430.00 Driveway Aprons 27 EA 280.00 7,560.00 Topsoil & Seed within R.O.W _ 1 LS 28,860.00 28,860.00 Misceilaneous Items 1 LS 15,750.00 15,750.00 m n MWEN"4'e%nC :!fib h. +i".lr �"rM ,'n4 w.l. ysa.'1y .-✓'u w+;.. '. Yif rr. ENff •: OMMINMa 1 440 SHUNPIKE RD. • WILLISTON V7 05495 (802) 864-0037 Mr. Alan Bartlett Dorset Street Associates 25 Pinecrest Drive Essex Jct., VT 05452 Dear Al, December 28, 2005 Enclosed is a summary of the roadway construction work that has been completed at the Cider Mill project on Dorset Street in South Burlington. This summary is based on the construction estimate for Phase I of the Cider Mill, which was done on June 22, 2005. The roadway and related items are now 60.3% complete. Curbs, sidewalks, gravel, and asphalt will be completed in 2006. The sewage pump station, force main, pond #6, and a portion of 8" water main will also be constructed next year. Sincerely, 7�g's OL- Robert Willis • ■i.161S 440 SHUNPIKE RD. • WILLISTON, VT 05495 (802) 864-0037 THE CIDER MILL Roadway Construction Summary of Completed Work December 28, 2005 TOTAL % COMPLETED AMOUNT COMPLETED Erosion Control 105,000,00 - _ 85% 90% 90% 89,250.00 16,650.00 30,690.00 86,800.00 0.00 0.00 79,738.75 29,568.75 6,050.00 -_ Clearing & Grubbing 18 500.00 34,100.00 Strip & Stockpile Topsoil Roadway Cuts and Fills 10' Paved Recreational Path 86,800.00 100% 117,250.00 0% _ Wooden Boardwalk 45,000.00 0% 100% 8" PVC Sewer Main 79,738.75 48" DIA. Manhole 31,125.00 95% 6"Sewer Service 6,050.00 1000/0 4" Sewer Service 24,150.00 100% _ 24,150.00 Sewage Pump Station 79,895.00 0°/ 0.00 0.00 Electrical & Startup 4,500.00 0% Valve Pit 7,865.00 0% 0.00 5400 Gallon Storage Tank 25,740.00 0% 0.00 6" Force Main 25 949.00 0% 0.00 Connection Manhole 5,100.00 65% 3,315.00 12" x 12" Wet Tap & Valve 4,900.00 100% 4,900.00 Road X-ING Sleeve 14,000.00 50% 7,000.00 12" Ductile Iron Water Main 5615W.00 100% 56 800.00 12" Gate Valve & Box 7,980.00 100% 7,980.00 12" x 8" Wet Tap 3,750.00 0% 0.00 8" Ductile Iron Water Main 133,385.00 74% 98,705.00 8" Gate Valve & Box 11 700.00 91% 10,647.00 Hydra wNalve 25 850.00 100% 25,850.00 3/4" Water Service 35,700.00 100°/0 35 700.00 Catch Basins 58,905.00 95% 55,959.75 12" PVC Storm Drain 26,510.00 100% 26,510.00 15" PVC Storm Drain 23,270.00 100% 23 270.00 18" PVC Storm Drain 20,036.25 100% 20,036.25 24" PVC Storm Drain 20,493.00 100% 20,493.00 3' x 2' Box Culvert 22,500.00 1000/0 22,500.00 Win ails, Rip -Rap, etc. 12,500.00 1000/0 12 500.00 4" Underdrain 103,935.00 100% 103 935.00 4" PVC Drainage 4,275.00 100% 4,275.00 Drainage Ditch 9,520.00 80% 7,616.00 4" Underdrain Servioe 16 065.00 100% - 16 065.00 Pond #3 27 000.00 100% 27 000.00 Pond #4 26 000.00 100% 26 000.00 Pond #5 34,000.00 100% 34 000.00 Pond 06 24 000.00 0% 0.00 600x Stabifization Fabric 15,825.00 100% 15,825.00 24" Gravel Base Concrete Curb 2" Type 11 Asphalt Base 1" Type III Asphalt Top 223,485.00 80% 178,788.00 0.00 0.00 0.00 0.00 0.00 0.00 11,025.00 99,522.50 0% 102,450.00 00/0 51,225.00 56,430.00 7,560.00 0% 00/0 0% - 5' Wide Concrete Sidewalk Driveway Aprons -- Topsoil & Seed within R.O.W 28 860.00 15,750.00 0% 70% Miscellaneous Items TOTALS1 $2,020,944.50 i30.3% 1,219,582.50 FEB-09-200S 08:37 From:+OLEARYBURKE 8028789989 To:8028464101 P.1/1 O'Leary -Burke Civil Associates, P ( Ivil + ri(dN1 1 OM., : KGULAT4RY ANU F Hi,%1ii r PPFIDAR117, ( January 25, 2006 Bill Szymanski, City Engineer City of South Burlington 575 Dorset Street So. Burlington, VT 05403 Re: Cider Mill Phase, 1 Reduction in Letter of Credit Dear Bill, O'Leary -Burke certifies that the work indicated on the Robert Willis and Company estimate dated December 28, 2005 at the Cider Mill project in South Burlington has been completed according to the approved plans and specifications and complies with City of South Burlington standards. All of the appropiate water and sewer tests on the completed infrastructure has been completed. Sincerely, �- Rau.L.Q lLcgr ,_,P..E. r-^— p,>/ JO s Z- y_oG I U )PPO BRA FF DRIVE SJP L If i F_S EX YJNC I ION VERMONT 0-14�) TEL $tip_A/8 9`)90 ; FAX r3(7_ 8/S 338:+ uL�Ci1(a1,>,Fary��Irh.e.Ct�rn June 8, 2005 Ray Belair City of South Burlington 575 Dorset Street South Burlington, VT 05403 Re: Irrevocable Standby Letter of Credit #1031139 Dorset Street Associates, LLC 25 Pinecrest Drive Essex Junction, VT 05452 Dear Beneficiary: We hereby establish our Irrevocable Standby Letter of Credit #1031139 in favor of City of South Burlington for the account of Dorset Street Associates, LLC up to an aggregate amount of $1,270,355.00 available by your draft or drafts on us at sight accompanied by: 1.) the original Letter of Credit and all amendments, if any, 2.) a written statement signed by an authorized officer of City of South Burlington that these funds are due you under the terms of your agreement with, Dorset Street Associates, LLC accompanied by 3.) a current secretary certificate or resolution from City of South Burlington that the officer is authorized to sign on behalf of City of South Burlington. If your demand represents a partial drawing hereunder, we will endorse the original credit and return same to you for possible future claims. If, however, your demand represents a full drawing, or if such drawing is presented on the day of the relevant expiration date hereof, we will hold the original for our files and remove same from circulation. Two Burlington Square P.O. Box 820 Burlington, Vermont 05402 802-658-4000 www.chittenden.com All drafts must be marked under Letter of Credit #1031139. We engage with you that all drafts drawn under and in compliance with the terms and conditions of this credit will be duly honored on delivery of documents as specified if presented at this office on or before June 7, 2008. Except so far as otherwise expressly stated, this credit is subject to the "International Standby Practices ISP 98 (1998 Revision), International Chamber of Commerce Publication #590" Very truly yours, Debra E. Cross Vice President Two Burlington Square P.O. Box 820 Burlington, Vermont 05402 802-658-4000 www.chittenden.com