Title
Orland Park Business Center Completion - 11501 West 183rd Street
History
On October 27, 2009, Staff recommended that the Letter of Credit presented to the Village by OP Business Center LLC to provide financial security to the Village for the satisfactory completion of Public Improvements included in the Orland Park Business Center development be fully drawn upon for the remaining value of $482,378. This request was presented to Bridgeview Bank; however, the funds were not released by the Bank for reasons unknown to the Village.
In the spring of 2010, in an effort to complete the project and avoid the Letter of Credit draw, the developer requested an opportunity to continue work. The Village agreed and allowed the developer to complete an additional $160,595 worth of work. Despite numerous subsequent promises, no further work was performed by the developer toward completion of the Public Improvements.
On June 8, 2010, funds totaling $321,783 were received by the Village to complete the outstanding Public Improvements. During late June, Staff received a request from the developer’s construction manger (John Charles Midwest Inc.) to meet and discuss work remaining on the project and their ability to assist the Village in the completion of the project by providing construction management and oversight services .
Following that meeting, Staff directed John Charles Midwest to prepare and present a comprehensive all-inclusive proposal for the completion of the remaining Public Improvements for the Orland Park Business Center. The contractor was told that their proposal must include all items specified on the approved plans and that the cost, including construction management fees, could not exceed the value of the funds drawn out of the Letter of Credit and received by the Village.
On July 26, 2010, Staff received and reviewed a revised proposal from John Charles Midwest. As presented, all work remaining is included in their July 26, 2010, proposal ex...
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