Title/Name/Summary
Rodao Point Unit #2, Rodao Lane Status
History
In 2005, the Rodao Point Unit 2 subdivision was approved by the Board of Trustees (Legistar item 2005-0835). Village staff were informed that in 2013, the development was sold to another builder. Approval condition #1a states:
"The Village shall have no responsibility for the maintenance or repair of the developed roadways and storm water detention facility, and a Special Service Area shall be formed by the Village in the event that the lot owners or association fail to maintain the roadway and detention facilities."
In 2023, the Rodao Point Letter of Credit withdrawal was approved by the Board of Trustees (Legistar item 2023-0870). This was because the original developer failed to complete the construction of Rodao Lane per the Board-approved Engineering Plans.
The remaining work was completed at Rodao Lane in April 2024. This work included, pavement patching of binder course asphalt, installation of surface course asphalt, removal and replacement of concrete curb and gutters, and restoration of impacted areas. Village staff reviewed the completed work by the HOA's contractor and are ready to process payment of the withdrawn Letter of Credit funds.
Financial Impact
The withdrawn letter of credit balance is $37,497.34; which the Village will pay to the HOA's contractor, Roy's Paving & Sealcoating Co. Total cost for this work was $45,082.00, based upon the invoice provided by the contractor. The remaining costs will be paid by the HOA to the contractor. There is no financial impact to the Village. Village attorney, Klein, Thorpe & Jenkins, is requiring that payment be made only to the contractor.
Recommended Action/Motion
I move to approve the payment of $37,497.34 to Roy's Paving & Sealcoating Co.;
AND
Authorize the Village Manager to execute all related contracts, subject to Village Attorney review.