HomeMy WebLinkAbout8522RESOLUTION NO. 8522
A RESOLUTION APPROVING AN AGREEMENT BETWEEN
THE CITY OF PUEBLO, A MUNICIPAL CORPORATION,
AND PREMIER HOMES, INC., A COLORADO
CORPORATION AND PANNUNZIO, INC., A COLORADO
CORPORATION IN FURTHERANCE OF THE CITY'S
HOUSING STRATEGY, AND AUTHORIZING THE
PRESIDENT OF THE COUNCIL TO EXECUTE SAME
WHEREAS, the City of Pueblo (hereinafter "City "), pursuant to the HOME Investment
Partnerships Act, the Cranston - Gonzales National Affordable Housing Act; 42 U.S.0 12701 et seq;
and implementing regulations under 24 CFR Part 92, has been a participating jurisdiction for HOME
federal funds under the program since 1992; and
WHEREAS, in accordance with the provisions of the Act and 24 CFR Part 92 a portion of
such financial assistance, subject to appropriation by the City Council, may be made available to for-
profit organizations for the purpose of carrying out specific elements of the City of Pueblo
consolidated housing plan including the expansion of the availability of affordable housing for low
and moderate income Pueblo residents; and
WHEREAS, Premier Homes, Inc., a Colorado corporation (hereinafter referred to as
"Developer ") has proposed an affordable housing project and has applied to City for a loan of
$500,000 from HOME federal funds for the purpose of carrying out the infrastructure and site
development of a new subdivision known as Laredo At Lakeshore project consisting of 159 homes
for homeownership with infrastructure more fully described in Exhibit `B" (hereinafter referred to
as "The Project ")
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PUEBLO,
COLORADO, that:
SECTION I.
The City commits from the date of this Resolution $500,000 of its .available and unallocated
Federal HOME funds for a loan to assist the Project and as evidenced by the terms of the attached
Affordable Housing Subdivision Loan Agreement under which City would make such a loan to
Developer from said HOME funds, subject to all of the conditions and limitations of the agreement.
ATTEST:
City Clerkb
INTRODUCED: September 14 , 1998
By John Verna
Councilperson
APPROVED:
LET , X t,Cc
President of lcitytouncil
169 (b
A RESOLUTION APPROVING AN
AGREEMENT BETWEEN THE CITY OFTitIe:
PUEBLO, A MUNICIPAL CORPORATION, Item #
AND PREMIER HOMES, INC., A COLORADO Agenda
CORPORATION AND PANNUNZIO, INC., A
COLORADO CORPORATION IN
FURTHERANCE OF THE CITY'S HOUSING
STRATEGY, AND AUTHORIZING THE
PRESIDENT OF THE COUNCIL TO EXECUTE
SAME
Department: Housing & Community Development Date: September 14, 1998
1. SUMMARY
a. Issue:
The Pueblo City Council shall consider approving an agreement between , Premier
Homes, and the city for $500,000 of HOME federal housing funds toward
infrastructure costs for a new subdivision known as the Laredo At Lakeshore "m
accordance with the Subdivision Improvements Agreement recorded plat set forth in
Exhibit A herein attached.
b. Recommendations:
The Council should approve the Affordable Housing Subdivision Loan Agreement.
The subdivision Plat has been approved by Public works.
BACKGROUND
Premier Homes, Inc. presented to the City Council on March 2, 1998, work session a
proposed single family housing subdivision to be know as Laredo at Lakeshore. Mr. Nick
Pannunzio owner of Premier Homes, Inc., requested a city loan of $500,000 to help finance
the project infrastructure for the proposed 159 lots for new home construction.
FINANCIAL IMPACT
The city HOME housing program will contribute a $500,000 loan with a interest rate of 9%
per annum, which loan will be subject to all terms and conditions of this Agreement and
contingent upon Developer executing all documents required including a Note and Deed of
Trust. The loan is to be repaid within a two year period. The funds may be readvance
depending on the project. The city, with those amounts repaid from the loan proceeds and
received on the Loan shall establish with a bank a City's Affordable Housing Interest
Buydown Account. The purpose of the account will enable low and moderate income
families to use the funds for purchasing homes . Borrowers that will utilize the Buydown
funds shall be required to enroll in homeownership courses with Family Counseling Center .
In addition the city loan shall be adequately secured and shall include real property by the
Developer providing city with a deed of trust with a senior lien upon not less than 50% of all
the lots in the Subdivision.
4. ALTERNATIVES
City Council can choose not to or they may support the HOME loan
PUEBLmr
REVISED - 9/8/98
AFFORDABLE HOUSING SUBDIVISION
LOAN AGREEMENT
THIS AGREEMENT (hereinafter referred to as the "Agreement ") is made and entered this
14th day of September, 1998 by and between the City of Pueblo, a Municipal Corporation
(hereinafter referred to as "City ") and Premier Homes, Inc., a Colorado corporation and Pannunzio,
Inc., a Colorado Corporation (hereinafter together referred to as "Developer ").
WITNESSETH, that:
WHEREAS, the City has, under date of March 1, 1997, entered into an agreement with the
U.S. Department of Housing and Urban Development ( "HUD "), whereby federal financial assistance
may be made available to City as a participating jurisdiction for the purpose of expanding the
availability of affordable housing pursuant to the Home Investment Partnerships Act ( "the Act ") (42
U.S.C. 12701 et. seq.), the Cranston - Gonzales National Affordable Housing Act and implementing
regulations, including but not limited to those at 24 CFR Part 92; and
WHEREAS, in accordance with the provisions of the Act and 24 CFR Sections 92.200 and
92.205, a portion of such financial assistance, subject to deobligation (and subject to appropriation
with respect to any assistance payable out of future fiscal year allotments), may be made available
to qualifying for - profit entities for the purpose of carrying out specific elements of the participating
jurisdiction's consolidated (housing) plan including new construction, real property acquisition and
site expenses; and
WHEREAS, in accordance with 24 CFR Section 92.205(b), such federal financial assistance
may be invested in loans consistent with the purposes and provisions of 24 CFR Part 92; and
WHEREAS, Developer has represented to City that it is a duly qualified for - profit entity
which is eligible and willing to undertake certain approved elements of City's housing strategy
identified herein; and
WHEREAS, based upon Developer's representations to City, Developer appears capable or
can reasonably be expected to become capable of developing and constructing affordable housing
which will comply with and fulfill one or more approved elements of City's consolidated plan;
NOW, THEREFORE, in consideration of the foregoing recitals and the covenants, terms and
conditions set forth herein, the parties agree as follows:
1. City commits to make a loan, which shall bear interest at the rate of nine percent (9 %)
per annum, hereinafter referred to as the "Loan," to Developer, in a principal amount not to exceed
the sum of Five Hundred Thousand Dollars ($500,000.00), which Loan is subject to all terms and
conditions of this Agreement and contingent upon Developer executing all documents required by
City, including but not limited to, the promissory note ( "Note ") and Deed of Trust. The Note and
said other instruments to be executed by Developer are referred to in this Agreement collectively as
the "Loan Documents." The Loan shall be personally guaranteed by Nick Pannunzio and Carol
Pannunzio (hereinafter referred to as "Guarantors "). The Loan may be written as a variable line of
credit with periodic readvancement of funds, provided that the principal balance at any time shall
not exceed Five Hundred Thousand Dollars ($500,000.00). The terms of the Loan shall provide that
if not sooner paid in full, the entire Loan shall become due and payable in full on a day exactly 728
days after the date of execution of the Loan Documents by Developer.
(a) The purpose of the Loan, and the sole and only use for which Loan proceeds
may be disbursed, shall be the development of the Laredo At Lakeshore affordable housing
subdivision (the "Subdivision "), in accordance with the recorded plat thereof recorded July 28, 1998
at Reception No. 1231011 of the records of Pueblo County, Colorado, and the costs and work items
set forth on Exhibit A, attached hereto (hereinafter collectively referred to as the "Project ").
(b) The Loan commitment made above is subject to and contingent upon
Developer providing to City adequate security for the Loan, with adequacy to be determined solely
by City's Director of Housing and Community Development. Such security shall include real
property and may also include personal property or general intangibles, whether granted directly or
indirectly, whether granted now or in the future and whether granted in the form of a security
interest, mortgage, deed of trust, assignment, pledge, chattel mortgage, chattel trust, factor's lien,
equipment trust, conditional sale, trust receipts, lien, charge, lien or title retention contract, lease or
consignment intended as a security device, or other security or lien interest whatsoever, whether
created by law, contract, or otherwise (all of which are hereinafter referred to as "Collateral
Security "). Notwithstanding anything in this paragraph, Developer shall provide City with a deed
of trust which shall be a senior lien upon not less than 50% of all of the lots in the Subdivision,
which lien shall be superior to all other liens except general taxes, and City shall not be required to
make the Loan unless Developer and Developer's other lenders execute all documents necessary to
effect such senior lien status. City's Director of Housing and Community Development shall have
no authority to waive, forego or otherwise modify the senior lien status requirements on 50% of the
lots in the Subdivision as stated herein. The funds provided by City under this Agreement shall be
disbursed only for the direct costs of infrastructure installation for the Project and not toward land
acquisition, nor payment of other loans, costs or expenses. For so long as the Developer is not in
default of any provision of this Agreement or the Loan Documents, the principal amount of the
City's Loan may vary as Loan proceeds are disbursed and as Loan repayments are made; provided,
however, that upon any event of default by Developer or any material adverse change in Developer's
financial condition, the City may cease any additional disbursements and may call the Loan due and
payable at once.
(c) Provided Developer is not in default, whenever City receives a payment of
principal, interest, Loan fee or other payment under the Loan, or whenever City makes an application
of funds to the Loan (including, without limitation, any payment or application from any property
held or taken by City in connection with the Loan, whether as collateral or otherwise), all amounts
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received and applied by City to interest on the Loan shall be deposited and credited to the City's
Affordable Housing Interest Buydown Account established pursuant to paragraph 6 of this
Agreement.
(d) During the full Term of this Agreement and for any required period of
affordability, (i) any failure by Developer to perform any obligation, covenant or provision of the
Note or this Agreement required to be performed by Developer, or (ii) any breach of any warranty
made by Developer in this Agreement, or (iii) any other violation of any material term of this
Agreement or the Deed of Trust given to secure the Note, shall constitute a default under this
Agreement and the Note. Upon any default by Developer, the entire indebtedness, together with
accrued interest, shall at the election of the holder, at once become immediately due and payable
without notice. Failure of the holder to exercise this election shall not constitute a waiver of the right
to exercise the same in the event of any subsequent failure to make any payment or other default.
If the entire indebtedness is declared immediately due and payable by the holder pursuant to the
provisions of the above paragraphs, from and after the date of such declaration or acceleration the
indebtedness shall accrue interest at the rate of twelve percent (12 %) per annum until the date when
the entire indebtedness and such accrued interest is paid in full. Developer further agrees that no
release of any security for the indebtedness or extension of time for payment of same, or any
installment thereof, and no alteration, amendment or waiver of any provision of the Note or the Deed
of Trust securing same shall in any manner, release, discharge, modify or affect the obligations of
Developer under this Agreement, the Note and said Deed of Trust.
2. (a) Developer warrants and represents that (i) it has the requisite authority and
capacity to perform all terms and conditions on Developer's part to be performed hereunder; (ii) that
it is a duly organized corporation under state law and is in good standing with the Secretary of State
of Colorado; (iii) that it is aware of and understands its duty to perform all functions and services
in accordance with the regulatory requirements of 24 CFR Part 92 and those identified in Exhibit
"C" hereto; and (iv) that it is accepting federal financial loan assistance hereunder subject to certain
mandatory repayment provisions which shall survive closing of the Loan and which exist in addition
to all repayment obligations set forth in the Loan Documents.
(b) Time is of the essence hereof. Developer agrees that it shall meet the
following deadlines with respect to the Project: (A) Developer shall make and complete its Loan
application to City not later than September 14, 1998; (B) Developer shall close on the Loan and
Developer and Guarantors shall execute all Loan Documents consistent with the terms of this
Agreement on or before October 1, 1998; (C) Developer shall cause the subdivision plat for the
Project to be fully approved and recorded on or before September 14, 1998; (D) Developer shall
commence construction of the Project work not later than October 30, 1998; and (E) Developer shall
substantially complete construction of the Project not later than August 1, 2000.
(c) Developer acknowledges that because the Project contemplated by this
agreement concerns subdivision work for the construction of affordable housing consisting of more
than 12 units, Developer shall require in all its contracts for the construction of the Project (A)
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prevailing wages shall be paid to all laborers and mechanics performing work on the Project pursuant
to 24 CAR §92.354 and the Davis -Bacon Act [40 U.S.C. 276a -5] and (B) the contract shall be
subject to applicable requirements of the Contract Work Hours and Safety Standards Act [40 U.S.C.
327 -332].
3. (a) Disbursement of Loan proceeds to Developer is subject to all of the following
requirements, which shall be conditions precedent to disbursement: (A) that the Developer has
expended funds after the date of this Agreement for eligible approved expenditures with respect to
the Project and the disbursement will be for such eligible approved expenditures, (B) that Developer
is not in default of any material provision of this Agreement nor applicable law or regulation, (C)
that Developer has timely submitted requests for loan disbursement detailing the eligible loan draw -
down items in a format approved by City, including therewith appropriate documentation and lien
waivers from all contractors, suppliers and workmen covering all labor and materials furnished
through the date of the request, and (D) that Developer has certified with each payment or loan draw -
down request compliance with the requirements identified in Exhibit "C" to this Agreement and that
all expenditures for which draw -down is sought were made for and in furtherance of the Project and
are an eligible use of federal assistance under the Act.
(b) Disbursement of Loan proceeds hereunder is also subject to and may only be
disbursed in accordance with HUD regulations including but not limited to those at 24 CAR Part 92,
as presently promulgated and as same may be revised from time to time in the future. All
disbursements hereunder are subject to repayment by Developer as provided in 24 CFR Part 92.
Funds pro -vided hereunder for Project may only be used for eligible costs, as provided in 24 CAR
§ §92.205(d) and 92.206(a). In the event HUD or the Inspector General of HUD determines that
HOME funds loaned to Developer hereunder were not used for eligible costs, notwithstanding any
other provision of this Agreement or the Loan Documents, Developer understands and agrees that
City may call the Loan immediately due and payable in order that such HOME funds may be
recaptured forthwith.
4. Although the Loan made hereunder may also be secured by other collateral, it shall
be secured by all of the following real property located in Pueblo County, Colorado, which shall be
and constitute part of the Collateral Security:
Lots 1 through 34 inclusive in Block 1,
Lots 1 through 41 inclusive in Block 2,
Lots 1 through 48 inclusive in Block 3,
Lots 1 through 23 inclusive in Block 4, and
Lots 1 through 9 inclusive in Block 6,
all in Laredo at Lakeshore Subdivision
as shown in the recorded plat thereof,
as evidenced by a Deed of Trust to be executed contemporaneously with the Note. As stated in
paragraph 1(b) of this Agreement, the Deed of Trust in favor of the City shall be superior to all other
in
liens and claims with respect to not less than 50% of the lots identified above. As to the remainder
of such lots, the City's Deed of Trust may be junior only to that deed of trust given to secure
Developer's acquisition of the real property which was of record prior to execution of this
Agreement.
5. City may, in its sole discretion, refuse to close the Loan to Developer, or thereafter
may suspend or terminate further disbursements of Loan proceeds, if it has cause to believe any of
the following circumstances has occurred or exists:
(a) There has been any adverse material change in Developer's credit worthiness,
the Project or the value of the Collateral Security;
(b) Developer has allowed or suffered liens (other than the Deed of Trust given
to secure the Loan) to be filed against any of the Collateral Security;
(c) Developer has misapplied loan proceeds for other than the purposes stated in
this Agreement;
(d) Developer has defaulted in the performance of any term, condition or
covenants set forth in this Agreement or any of the Loan Documents;
(e)
6. (a) An Affordable Housing Interest Buydown Account, hereinafter referred to as
the "Account," shall be established by City at a bank to be selected by City, and funded by deposits
of those amounts received and applied by City to interest on the Loan in accordance with paragraph
1(c) of this Agreement. The Account shall be maintained by said bank as a special interest bearing
account segregated from all other accounts, if any, which may be maintained by City with said bank.
Interest that accrues on the amount in the Account shall be credited to the Account.
(b) The City may, but shall not be obligated to, deposit additional City or other
monies into the Account, which shall also accrue interest as provided in this paragraph 6.
(c) The City shall authorize and direct in writing all withdrawals and
disbursements from the Account.
(d) Monies in the Account shall be made available by City, on a non - exclusive
basis, for the purpose of payment of interest subsidies on owner - occupied first mortgage loans to
qualified home buyers of homes located within the Laredo At Lakeshore subdivision and at other
locations approved by City within the corporate limits of the City of Pueblo. In order to qualify for
a first mortgage loan interest subsidy, a homebuyer must meet the following criteria: (A) be a first
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time homebuyer, or not have owned a home for the preceding 60 calendar months; (B) meet the
City's applicable income guidelines for a low or moderate income household; (C) require an interest
subsidy in order to qualify for the mortgage loan on the home; (D) present a reasonable credit risk
and have sufficient regular income to be able to repay the interest subsidized first mortgage loan; and
(E) have attended an AHIBA homeownership counseling course with a certified HUD counseling
agency. City will establish criteria for participation by all first mortgage lenders desiring to originate
such loans, and the bank at which the Account is maintained shall be permitted to participate on the
same basis and to the same extent as other lenders.
7. This Agreement shall not be assigned or transferred by Developer without the prior
written consent of the City. Any assignment or attempted assignment made in violation of this
provision shall, at the election of City, be deemed void and of no effect whatsoever.
8. HOME Regulation 24 CAR, Part 92.356 is incorporated herein by reference, and sets
forth applicable laws and regulations that apply to Conflict of Interest. Developer shall avoid all
conflicts prohibited by applicable regulations, including but not limited to those set forth in 24 CAR
Part 92 as presently promulgated and as same may be revised from time to time in the future.
9. Developer shall maintain detailed records as to the Project work and activities
undertaken with the loan assistance provided hereunder, services provided, and expenses incurred
in connection with the Project and complete accounting records. Accounting records shall be kept
on a generally recognized accounting basis and as requested by the City's auditor. Developer agrees
to comply with all applicable uniform administrative requirements described or referenced in 24
CAR Part 92. The compliance provisions attached as Exhibit "B" hereto are made a part of this
Agreement, and Developer agrees to perform and comply with same. The City, HUD, the
Comptroller General of the United States, the Inspector General of HUD, and any of their authorized
representatives, shall have the right to inspect and copy, during reasonable business hours, all books,
documents, papers and records of the Developer which relate to this Agreement for the purpose of
making an audit or examination. Upon completion of the work and until the Loan has been fully
repaid and for a period of five (5) years thereafter, City may require all of the Developer's financial
records relating to this Agreement to be turned over to the City for examination.
10. The City shall have the right to monitor and evaluate the progress and performance
of Developer to assure that the terms of this Agreement are being satisfactorily fulfilled in
accordance with HUD's, City's and other applicable monitoring and evaluation criteria and standards.
The City shall at least quarterly review Developer's performance using on -site visits, progress
reports required to be submitted by Developer, audit findings, disbursement transactions and contact
with Developer as necessary. Developer shall furnish to the City monthly or quarterly program and
financial reports of its activities in such form and manner as may be requested by the City.
Developer shall fully cooperate with City relating to such monitoring and evaluation.
11. Developer shall maintain files containing information which shall clearly document
all activities performed in conjunction with this Agreement, including, but not limited to, financial
rol
transactions, conformance with assurances, activity reports, and program income. These records
shall be retained by Developer for a period of not less than five years after the completion of the
Project. Activity reports shall be submitted monthly or quarterly no later than the ninth day of the
month following the end of month or quarter for which the report is submitted.
12. Nothing herein contained shall make or be construed to make Developer or any of
Developer's agents or employees, the agents or employees of the City. Developer shall be solely and
entirely responsible for its acts and the acts of its agents, employees and subcontractors.
13. (a) As to the City, Developer agrees to assume the risk of all personal injury,
including death and bodily injury, and damage to and destruction of property, including loss of use
therefrom, caused by or sustained, in whole or in part, in conjunction with or arising out of the
performance or nonperformance of this Agreement, construction of the Project, or creation of the
subdivision and subdivision improvements by Developer or by the conditions created thereby or
resulting therefrom. Developer further agrees to indemnify and save harmless the City, its officers,
agents and employees from and against any and all claims, liabilities, costs, expenses, penalties and
attorney fees arising from such injuries to persons or damages to property or based upon or arising
out of the performance or nonperformance of this Agreement, construction of the Project, or creation
of the subdivision and subdivision improvements by Developer or out of any violation by Developer
of any statute, ordinance, rule or regulation.
(b) Developer agrees that it shall procure and will maintain during the term of this
Agreement and until the Loan has been fully repaid, such insurance as will protect it from claims
under workers' compensation acts, claims for damages because of personal injury including bodily
injury, sickness or disease or death of any of its employees or of any person other than its employees,
and from claims or damages because of injury to or destruction of property including loss of use
resulting therefrom; and such insurance will provide for coverage in such amounts as set forth in
subparagraph (c) of this paragraph 13.
(c) The minimum insurance coverage which Developer shall obtain and keep in
force is as follows:
(A) Workers' Compensation Insurance complying with statutory
requirements in Colorado.
(B) Comprehensive General Liability ( "CGL ") Insurance written on ISO
Form CG 00 010196, or a substitute form providing equivalent coverage, with a limit not
less than One Million Dollars ($1,000,000.00) per occurrence, covering liability arising from
premises, operations, independent contractors, personal injury, products completed
operations, and liability assumed under an insured contract, on an occurrence basis. The
policy shall identify the City as an additional insured.
(d) If requested by Bank or City, Developer further agrees that it shall procure
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and maintain, at the Developer's expense, hazard and fire insurance upon any buildings or other
improvements upon the property described in the Deed of Trust on an "all risk" form in such
amounts as City's Department of Housing and Community Development may require, but in any
event, for not less than the amount of all liens against the property and the amount of funds provided
to Developer under the Loan. Developer shall furnish a certificate of insurance certifying such
coverage to City prior to disbursement of any funds to Developer. Both said certificate of insurance
and the policy procured by the Developer shall identify the City as an additional loss payee.
14. Developer agrees to execute and abide by the certifications contained in Exhibit "C"
hereto, which are hereby expressly made a part of this Agreement.
15. Unless otherwise authorized by City in writing in a separate instrument executed after
date of this Agreement, all program income, as defined in applicable regulations of HUD, shall be
returned to City within 30 days of receipt by Developer, if required by said regulations. In the event
City authorizes Developer to retain any portion of such program income, it shall only be used to
accomplish the work set forth in Exhibit A to this Agreement.
16. In the event City incurs any cost or expense in enforcing the requirements of this
Agreement applicable to Developer or in bringing any action to recover the amount of any
repayment obligation, or to foreclose or obtain sale under the Deed of Trust or mortgage instrument,
City shall be entitled to recover its costs and expenses, including reasonable attorneys fees.
17. (a) In addition to all procurement requirements otherwise applicable to the Project
pursuant to any other provision of this Agreement or pursuant to any requirement of law or
regulation incorporated in this Agreement by reference, Developer shall comply with all
requirements of this Paragraph 17.
(b) No improvements shall be undertaken to the property described in Paragraph
4 of this Agreement (hereinafter referred to as the "Property") or other real property with loan funds
provided hereunder unless and until: (A) plans and specifications therefor have been prepared by a
registered Professional Engineer in good standing and duly licensed to practice in the State of
Colorado; (B) such plans and specifications have been filed with the City and approved by the City's
Director of Public Works; and (C) all construction contracts for improvements for which loan funds
are provided, directly or indirectly, from City shall have been awarded only after an open,
competitive bidding process which has been approved by City's Director of Purchasing and which
allows qualified contractors to reasonably participate in the competitive bidding procedures.
(c) No disbursement of funds to Developer shall be made by Bank hereunder
unless and until all conditions precedent to disbursement specified elsewhere in this Agreement have
been satisfied and Developer files with City a written request for disbursement signed by an officer
of Developer that certifies (A) that the amounts included in the request for disbursement have not
been included in any prior request for disbursement, (B) that the improvements listed therein for
which payment is sought have been completed in accordance with the approved plans and
specifications therefor, and (C) that the improvements for which payment is sought have been
constructed so as to comply with City of Pueblo ordinances, codes, Standard Construction
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Specifications and Standard Details, and Storm Drainage Design Criteria and Drainage Policies.
(d) In every contract for construction of improvements for which payment or
reimbursement from City is to be provided under this Agreement, Developer shall include a contract
clause or clauses, approved by City's Director of Purchasing, requiring its contractors, and all of the
contractor's subcontractors of all tiers, to comply with the requirements of the Davis -Bacon Act and
implementing regulations, and to pay all laborers and mechanics engaged in work upon the
improvements at the prevailing wage rates for such work as determined by the U.S. Department of
Labor.
(e) Every contract for construction of improvements, and all lower tier covered
transactions, shall include a requirement that the contractor, subcontractor or vendor certify that
neither it nor its principal is debarred, suspended, proposed for debarment, declared ineligible or
voluntarily excluded from participation in any federally funded project.
18. In all printed materials, project descriptions and other activities undertaken with funds
provided under this Agreement, Developer shall provide recognition that loan funds have been pro-
vided by the U.S. Department of Housing and Urban Development and the City of Pueblo.
Recognition shall be accomplished by prominent disclosure of the role of HUD and the City in all
such printed materials and project signage, if any. However, such recognition and signage shall also
prominently set forth the following statement: "By providing loan funds for this Subdivision, the
City of Pueblo, and the U.S. Department of Housing and Urban Development neither recommend
nor endorse the sale of properties in the Subdivision nor make any representations or warranties in
respect thereto."
19. The provisions set forth in this Agreement, and all Exhibits and attachments to this
Agreement, constitute the entire and complete agreement of the parties hereto and supersede all prior
written and oral agreements, understandings or representations related thereto. No amendment or
modification of this Agreement, and no waiver of any provision of this Agreement, shall be binding
unless made in writing and executed by the duly authorized officers of Developer and City.
20. The persons signing this Agreement on behalf of the parties represent and warrant
that such persons have the requisite power and authority to enter into, execute and deliver this
Agreement. The persons signing on behalf of Developer represent and warrant that this Agreement
is a valid and legally binding obligation of Developer enforceable against Developer in accordance
with its terms.
21. Provided that Developer is not in default of any of the provisions of this Agreement
or the Loan, the Note or the Deed of Trust, upon the sale of any lot secured by the City's Deed of
Trust referred to above, Developer may obtain a partial release of said Deed of Trust with respect
to said lot only upon payment of not less than $12,000 of the then outstanding principal Loan
balance.
IN WITNESS WHEREOF, Developer and the City have executed this Agreement as of the
01
date first above written and under the laws of the State of Colorado.
CITY OF PUEBLO,
ATTEST:
A Municipal Corporation
By:
President of C' Coil il
[SEAL
ATTEST:
Title: °�etti -�z
PREMIER HOMES, INC.
a Colorado Corporation
By:
Name: i c. <
Title: i n�e:� i
ATTEST:
Title: �c'�ZZ`t
PANNUNZIO, INC.
a Colorado Corporation
By: Name: t-11 1-11 ► c-✓ i 4,rN e-N 11' r u
Title:
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S U B D MSS O N IMP R O V EME • TS A GR EE M EN T
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SUBDIVISION NAME:
DEVELOPER:
ENGINEER:
ETS IACERO SIRE
Asphalt (3" Asphalt on 14" Base)
Curb and Gutter
Cross Pan (Demolish)
Handicap Ramps
R & R Existing Curb Retum
Asphalt Cut
Asphalt Patch
WATER
8" PVC Water Main
12" PVC Water Main
Fire Hydrant Ass'y.
Se r ices
Permanent Blowoff
,SANITARY SEWER:
Services
Adjust Existing M.H. to Grade
STORM SEWER
15" HDPE Pipe
24" HDPE Pipe
27" PVC Pipe
36" HDPE Pipe
Type "S" Inlet L =Y
Type "S' Inlet L =8'
Type "W" Inlet.L =8'
Type I- 8 Manhole
STREET LIGHTS
MONUMENTS
LAREDO AT LAKESHORE,
A SPECIAL AREA PLAN
PHASE 1 £ Z
PANNUNZIO, INC.
NORTHSTAR ENGINEERING AND SURVEYING, INC.
3931 SY @ $18.30 /SY =
2039 LF @
$7.80 /LF =
1 EA @
$300.00 /EA =
1392 SF @
$3.50 /SF =
24 LF @
$25.00 /LF =
1 EA @
$800.00 /EA =
SO SY @
$25.00 /SY =
$71,937
$15,904
$300
$4,872
$600
$800
$1,250
36 LF @
$28.67 /LF -
1110 LF @
$28.67 /LF =
3 EA @
$1,800.00 /EA =
50 EA @
$480.00 /EA =
2 EA @
$600.00 /EA =
50 EA @ $575.00 /EA =
1 EA @ $300.00 /EA =
94 LF @
$27.00 /LF =
218 LF @
$36.00 /LF =
347 LF @
$42.00 /LF =
225 LF @
$60.00 /LF =
1 EA @
$200.00 /EA =
1 EA @
$2,600.00 /EA =
2 EA @
$2,600.00 /EA =
3 EA @
$1,600.00 /EA =
4 EA @ $1,300.00 /EA =
2 EA @ $575.00 /EA =
ACERO STREET
$1,032
$31,824
$5,400
$24,000
$1,200
$28,750
$300
$2,538
$7,848
$14,574
$13,500
$2,800
$2,
$5,200
$4,800
$5,200
$1,150
$248,379
Exhibit "A" To
Affordable Housing
Subdivision Loan Agreement
Jun 11 98 04:21P Public Works
l "7151 542 -6244
SV B D MSIO N I M P R O V F M FN TS A GR E EM FN T
SUBDIVISION NAME: LAREDO AT LAKESHORE,
A SPECIAL AREA PLAN
PHASE I
DEVELOPER: PANNUNZIO, INC.
ENGINEER: NORTHSTAR ENGINEERING AND SURVEYING, INC
STREETS (MIRROR AVENUE)
17 LF @
$27.00 /LF =
$459
Cut Asphalt
I EA @
$1,000.00 /EA =
$1,000
Asphalt Patch
464 SY @
$25.00 /SY =
$11,600
Replace Square Pan
I EA @
$419.00 /EA =
019
Asphalt Overlay - 1"
2850 SY @
$3.30 /SY =
$9,405
Demolish Ex. Improvements
1 LS @
$2,000.00 /LS =
$2,000
15" HDPE Pipe
17 LF @
$27.00 /LF =
$459
24" HDPE Pipe
130 LF @
$36.00 /LF =
$4,680
Type "S" Inlet L =8'
1 EA @
$2,600.00 /EA =
$2,600
Type "S" Inlet L =T
1 EA @
$2,400.00 /EA =
$2,400
42" RCP Pipe
370 LF @
$85.00 /LF =
. $31,450
Type I -B Manhole
4 EA @
$1,600.00 /EA =
$6,400
42" FES
1 EA @
$1,000.00 /EA =
$1,000
Rip Rap
11 CY @
$50.00 ICY =
$550
STREET LIGHTS (Relocate)
1 EA @
$1,300.00 /EA =
$1,300
BARRICADF(L =16)
1 EA @
$800.00 /EA =
$800
MIRROR AVENUE
X76,063
P.3
9
Jun it :fti U`t:e'P t'UDl1C Wor'KS l* /lZJ l n'tG P -`}
SUBDIVI SIONIMPROVFMFN7YAGRE,EMFNT ,
FXNYBIT "B"
SUBDIVISION NAME: LAREDO AT LAKESHORE,
A SPECIAL AREA PLAN
PHASE 1
DEVELOPER: PANNUNZIO, INC.
ENGINEER: NORTHSTAR ENGINEERING AND SURVEYING, INC.
STREETS (OTTAWA JANE)
Asphalt (3" Asphalt on 9" Base)
419 Sy @
$13.80 /SY =
$5,782
Curb and Gutter
218 LF @
$7.80 /LF =
$1,700
WATER
8" PVC Water Maln
137 LF @
$28.67 JLF =
$3,928
Permanernt Blowoff
1 EA @
$600.00 /EA =
$600
SANITARY SEWER:
8" PVC Sewer Maln
12S LF a
$22.00 /LF =
$2,750
48" DIA. MANHOLE
1 EA @
$1,400.00 JEA =
$1,400
STORM SEWER
18" HDPE Pipe
96 LF @
$29.00 JLF =
$2,784
Type "S" Inlet L =6'
1- @
$2,200.00 /EA =
$2,200
Type "W" Inlet 1.4'
1 EA @
$2,600.00 /EA =
$2,600
Type I -8 Manhole
1 EA @
$1,600.00 /EA =
$1,600
TYPE III BARRICADE (L =160
1 EA @
$800.00 /EA =
$800
OTTAWA LANE $26,f44
10
Jun 11 98 04:22p Public Works
17191
542 -6244
S U B D I WI S 7O N IMPROVEMENTS A
G R E E M EN T
EXHI6ttT ^B"
SUBDIVISION NAME:
LAREDO AT LAKESHORE,
A SPECIAL AREA
PLAN
PHASE i
DEVELOPER:
PANNUNZIO, INC.
ENGINEER:
NORTHSTAR ENGINEERING AND SURVEYING, INC-
SITE GRADING
73600 CY @
$2.00 ICY =
$147,200
MI
Striping
1 LS @
$3,000.00 AS =
$3,000
Removal of Striping
1 LS @
$3,000.00 /LS =
$3,000
Traffic Control
1 LS @
$2,800.00 /LS =
$2,800
Guard Rail
1 LS @
$3,000.00 /IS =
$3,000
Signage
4 LS a
$500.00 /LS =
$2,000
18" Poly Pipe
156 LF @
$29.00 /LF =
$4,524
4' Concrete Pan
3389 LF @
$12.80 /LF =
$43,379
Cross pan (Ontario- Demolish)
1 EA @
$300.00 /LF =
$300
Handicap Ramps (Ontario)
464 SF @
$3.50 /LF
$1,624
Curb and Gutter (Ontario)
48 LF @
$7.80 /LF =
$374
OFF—SITE GRADING
4200 CY @
$2.00 ICY =
$8,400
Re- vegetation
1.2 AC @
$12,000.00 /AC =
$14,400
OFF WATER
12" PVC Water Main
330 LF @
$28.67 /LS =
$9,461
8" PVC Water Main
36 LF C
$28.67 /LS =
$1,032
SIRE
Access Road- 4" Crushed Rock
307 SY @
$25.00 ISY =
$7,675
NORM SEWER
8" Poly Pipe
23 LF @
$22.00 /LF =
$506
30" Poly Pipe
1.05 LF @
$50.00 /LF =
$5,250
6' Concrete Pan
106 LF @
$22.00 /LF =
$2,332
Outlet Structure
1 EA @
$12,000.00 /EA =
$12,000
Rip Rap
202 CY @
$50.00 /CY =
$10,100
Concrete Pad
7600 SF @
$3.50 /SF =
$26,600
Re- vegetatlon
1.5 AC@
$12,000.00 /AC =
$18,000
PHASE
IL TOTAL
$677,545
This is an estimate only. Actual construction costs may vary.
This estimate may not include all constrmlion costs,
PREPARED BY: D. STRAVIA
FIRM: NORTHSTAR ENGINEERING AND SURVEYING, INC.
REVIEWED BY:
CITY OF PUEBLO
p.5
11
jun i l tid Wt: GGP r'uol to WorKS
S U B D I V ISI O H I M PR O V E M EN T S A G R EE M E& T
.EXHIBIT T
SUBDIVISION NAME: LAREDO AT LAKESHORE,
A SPECIAL AREA PLAN
PHASE 2
DEVELOPER: PANNUNZIO, INC.
ENGINEER: NORTHSTAR ENGINEERING AND SURVEYING, INC.
STREETS (MIRROR AVENUE
Cut Asphalt
Asphalt Patch
CORM SEWER
24" HDPE Pipe
Type I -B Manhole
WUW_ 1107 - ��
i EA @
$1,000.00 /EA =
$1,000
233 SY @
$25.00 /SY =
$5,825
110 LF @
$36.00 JLF- =
$3,9W
1 EA @
$1,600.00 /EA =
$1,600
1 EA c@
$1,300.00 JEA =
$1,300
MIRROR AVENUE 13 685
P. o
12
Jun 11 98 04:22p I Public Works (7181 542 -8244 p -7
S U B D 3 V I5I0 N IM PR 4 YE M E N TS A G R EEM EN T
A XHIBIT "B"
SUBDMSIOPI NAME: LAREDO AT LAKESHORE,
A SPECIAL AREA PLAT!
PHASE 2
DEVELOPER: PANNUNZIO, INC.
ENGINEER: NORTHSTAR ENGINEERING AND SURVEYING, INC.
STREETS (LYINNIE.EG STREET)
Asphalt (3" Asphalt on 9" Base)
3674 SY @
$13.80 JSY =
$50,701
Curb and Gutter
1991 LF @
$7.50 /LF =
$15,530
Asphalt Cut
1 EA @
$800.00 /EA =
$800
Asphalt Patch
50 SY CCD
$25.00 /SY =
$1,250
Handicap Ramps
928 SF @
$3.50 /SF =
$3,248
Cross Pan (Replace)
269 SF @
$3.80 /SF =
$1,022
VIATER
6" PVC Water Main
185 LF @
$28.67 /LF =
$5,304
8 PVC Water Main
794 LF @
$28.67 /LF =
$22,764
Fire Hydrant As5'y.
1 EA @
$1,800.00 /EA =
$1
5erAces
53 EA @
$480.00 /EA =
$25,440
Pernzanent Blowo€I
1 EA @
$600.00 /EA =
$600
8 PVC Sewer Main
954 LF @
$22.00 JLF =
$20,988
48" Manholes
4 EA @
$1,400.00 /EA =
$5,600
Services
53 EA @
$575.00 JEA =
$30,475
STORM SEWER
15" HDPE Pipe
36 LF @
$27.00 /LF =
$972
19"x30" ELLIPTICAL RCP
56 LF @
$50.00 /LF =
$2,800
24' HDPE Pipe
214 LF @
$36.00 JLF =
$7,704
Type "S" Inlet L =6'
1 EA C@
$2,200.00 /EA =
$2,200
Type "S" Inlet L =T
1 EA @
$2,400.00 /EA =
$2,400
Type "S" Inlet L =10'
1 EA @
$3,000.00 /EA =
$3,000
Type I- B Manhole
1 EA @>
$1,600.00 /EA =
$1,600
STREET LIGHTS
3 EA @
$1,300.00 /EA =
$3,900
MONUMENTS
3 EA @
$575.00 /EA "
$1,725
WINNIPEG STREET $211,823
13
Jun 11 98 04:22p Public Works [7191 542 -6244 p.8
S U B D 114M O N I M P R O V EMEN TS A G R F F. M FN T
EXHIBIT "B"
SUBDMSION NAME: LAREDO AT LAKESHORE,
A SPECIAL AREA PLAN
PHASE 2
DEVELOPER: PANNUNZIO, INC.
ENGINEER: NORTHSTAR ENGINEERING AND SURVEYING, INC.
STREETS (OTTAWA LAN
Asphalt (3" Asphalt on 9" Base)
Curb and Gutter
_WATER
8" PVC Water Main
Fire Hydrant Ass'y.
SANITARY SEWER:
8" PVC Sewer Main
STORM SEWER
15" HDPE Pipe
18" HDPE Pipe
Type "S" Inlet L =5
Type I -B Manhole
400 SY Co)
$13.80 /SY =
$5,520
184 LF @
$7.80 /LF =
$1,435
132 LF @
$28.67 /LF =
$3,784
1 EA @
$1,800.00 /EA =
$1,800
120 LF @
$22.00 /LF =
$2,640
6 LF @
$27.00 /LF =
$162
87 LF @
$29.00 /LF =
$2,523
1 EA @
$2,000.00 /EA =
$2,000
1 EA @
$1,600.00 /EA =
$1,600
OTTAWA LANE IA 65
PHASE 2 TOTAL, $246,973
This Is an estimate only. Actual construction costs may vary.
This estimate may not include all construction costs.
PREPARED BY: D. STRAVIA
FIRM: NO ENGINEERING AND SURVEYING, INC.
REVIEWED BY:
CITY OF PUEBLO
14
Jun 11 au ua:cjp runiic worKS t III o- rc- oc-r -r F.n
SIJBDIVIZOX IMPRO VEMEKT.S'AGREEMEAT
EXHIBIT 'B
SUBDIVISION NAME:
LAREDO AT LAKESHORE,
A SPECIAL AREA PLAN
PHASE 3
DEVELOPER:
PANNUNZIO, INC.
ENGINEER:
NORTHSTAR ENGINEERING
AND SURVEYING, INC.
STREETS ( ONTARIQ STOM
Asphalt (3" Asphalt on 9" Base)
3381 SY @
$13.80 /SY =
$46,658
Curb and Gutter
1732 LF @
$7.80 /LF =
$13,51(f
Handicap Ramps
464 SF @
$3.50 /SF =
$1,624
R & R Existing Curb Return
24 LF @
$25.00 JLF =
$600
Asphalt Cut
1 EA @
$800.00 JEA =
$800
Asphalt Patch
125 SY
$25.00 JSY =
$3,125
WATER
8" PVC Water Main
905 LF @
.$28.67 /LF =
$25,946
Fire Hydrant Ass'y.
2 EA @
$1,800.00 /EA =
$3,600
Services
47 EA @
$480.00 /EA =
$22,560
SANITARY SEY/ER;
8" PVC Sevrer Main
863 LF @
$2100 JLF =
$18,966
8" DIP Sewer Main
85 LF @
$29.00 /LF =
$2,465
48" Dia. Manholes
3 EA @
$1,400.00 /EA =
$4,200
Services
47 EA @
$575.00 /EA =
$27,025
STORM SEWER
15" HDPE Pipe
77 LF @
$27.00 /LF =
$2,079
18" HDPE Pipe
307 LF @
$29.00 /LF =
$8,903
24" HDPE Pipe
275 LF @
$36.00 JLF =
$9"900
Type "S" Inlet L =7
1 EA @
$2,400.00 JEA =
$2,400 .
Type "S" Inlet L =8'
1 EA @
$2,600.00 /EA =
$2,600
Type "W" Inlet L=$'
2 EA @)
$2,600.00 JEA =
$5,200
Type I- B Manhole
2 EA @
$1,600.00 /EA =
$3,200
STREET LIGHTS
2 EA @
$1,300.00 /EA =
$2,600
ONTARIO STREET
15
Jun 11 38 04:23p Public Works
( 71y1 542 -6244 P. 1U
SUBDMS.t'ON IMPROVEMENTS AGREEMENT
EYH.FBIT °B"
SUBDIVISION NAME: LAREDO AT LAKESHORE,
A SPECIAL AREA PLAN
PHASE 3
DEVELOPER: PANNUNZIO, INC.
ENGINEER: NORTHSTAR ENGINEERING AND SURVEYING, INC.
STREETS (TORONTO STREET)
Asphalt (3 "Asphalt on 13 "Base)
1419 SY @
$17.40 /SY =
$24,691
Curb and Gutter
640 LF @
$7.80 /LF =
$4,992
MTE
8' PVC Water Maln
340 LF @
$28.67 /LF =
$9,748
Services
9 EA @
$4$0.00 /EA.=
$4,320
STORM SEWER
15" HDPE Pipe
6 LF @
$27.00 /LF =
$162
18" HDPE Pipe
184 EA @
$29.00 /EA =
$5,336
Type 1 -13 Manhole
1 EA @
$1,600.00 /EA =
$1,600
SANITARY SEWER:
8' PVC Sewer Main
312 LF @
$22.00 /LF =
$6,864
48" Dia. Manholes
3 EA @
$1,400.00 /EA =
$4,200
Services
9 EA @
$575.00 /EA -
$5,175
STREET LIGHTS
1 EA @
$1,300.00 /EA -
$1,300
MONUMENTS
1 EA @
$575.00 /EA =
$575
BARRICADE (L =16)
1 EA @
$$00.00 /EA -
$800
TORONTO
STREET $69,762
PHASE 3 TOTAL 277 743
This is an estimate only. Actual construction costs may vary.
This estimate may not include all construction costs.
PREPARED BY: D. STRAVIA
FIRM: NO AR NGINEERING AND SURVEYING, INC.
REVIEWED BY: g.?? d
CITY OF PUEBLO
16
Jun 11 98 04:23p Public Works
(?IS) 542 -6244 p.11
SUBDIVISION JNPROVEMENTS A GREENEN T
fXIlIBIT 'B"
SUBDMSION NAME:
LAREDO AT LAKESHORE,
A SPECIAL AREA PLAN
DEVELOPER:
PANNUNZIO, INC.
ENGINEER:
NORTHSTAR ENGINEERING AND SURVEYING, INC.
STREETS (ONTARIO STREET)
Asphalt (3" Asphalt on 9" Base)
•3381 SY @
$13.80 /Sf
$46,658
Curb and Gutter
1780 LF @
$7.80 /LF
$13,884
,Cross Pan (Demolish)
1 EA @
$300.00 JEA
$300
Handicap Ramps
928 SF @
$3.50 /SF
$3,258
R & R Existing Curb Return
2.1 LF @
$25.00 /U`
$600
Asphalt Cut
1 EA @
$800.00 /EA
$800
Asphalt Patch
125 SY @
$25.00 /Sl
$3,125
WAII R
8" PVC Water Maln
905 LF @
$28.67 JLF
$25,946
Fire Hydrant Ass'y.
2 EA @
$1,800.00 /EA
$3,600
Services
47 EA @
$480.00 /EA
$22,560
SANITARY SEWER
8" PVC Sewer Main
863 LF @
$22.00 /LF
$18,986
8" DIP Sewer Maim
85 LF @
$29.00 /LF
$2,465
48" Manholes
3 EA @
$1,400.00 /EA
$4,200
Services
47 EA @
$575.00 /EA
$27,025
STORM SEWER
15" HDPE Pipe
77 LF @
$27.00 /LF
$2,079
18" HDPE Pipe
307 LF @
$29.00 /LF
$8,903
24" HDPE Pipe
275 LF @
$36.00 /LF
$9,900
Type "S" Inlet L =7'
1 EA @
$2,400.00 /EA
$2,400
Type "S" Inlet L =8'
1 EA @
$2,600.00 /EA
$2,600
Type "vlr Inlet L =8'
2 EA @
$2,600.00 /EA
$5,200
Type I- B Manhole
2 EA @
$1,600.00 /EA
$3,200
2 EA @ $1,300.00 /EA $2,600
TOTAL (ONTARIO Sr.) $210,279
17
Jun 11 98 04:24p
Public Works 17191 542 -6244 p.12
SUBDIVISION IMPROVEMENTS AGREEMENT
FXH='B"
SUBDIVISION NAME: LAREDO AT LAKESHORE,
A SPECIAL AREA PLAN
DEVELOPER: PANNUNZIO, INC.
ENGINEER: NORTHSTAR ENGINEERING AND SURVEYING, INC.
STREETS (MIRROR AVENUE)
Cut Asphalt
2 EA @
$1,000.00 /EA
$2,000
Asphalt Patch
697 SY @
$25.00 /SY
$17,425
Asphalt Overlay - 1"
2850 SY @1
$3.30 /SY
$9,405
Demolish Ex. Improvements
1 LS @
$2,000.00 /LS
$2,400
TYPE III BARRICADE (L =16')
1 Ell @
$300.00 /EA
$800
MRM SBNER
15" HDPE Pipe
17 LF @
$27,00 /LF
$459
24" HDPE Pipe
240 LF @
$36.00 /LF
$8,640
42" RCP Pipe
370 LF @
$35.00 /LF
$31,450
'Type "S" Inlet L =8'
1 EA @
$2,600.00 /EA
$2,600
Type *S" Inlet L =7'
1 EA @
$2,400.00 /EA
$2,400
Type I -13 Manhole
5 FA @
$1,800.00 /EA
$9,000
42" FES
1 EA @
$1,000.00 /EA
$1,000
Rip Rap
11 CY @
$50.00 /CY
$550
STREET LIGHTS 1 EA @ $1,300.00 /EA $1,300
STREET LTGHn (Relocate) 1 EA @ $1,300.00 /EA $1,300
TOTAL (MIRROR AVE.) 90 324
18
Jun 11 98 04:24p Public Works
( ?19) 542 -6244 p.13
SUBDIVIS70N 1'MPROVEMENTSAGRaMENT
EXHIBIT '6"
SUBDIVISION NAME:
LAREDO AT LAKESHORE,
A SPECIAL AREA
PLAN
DEVELOPER:
PANNUNZIO, INC.
ENGINEER:
NORTHSTAR ENGINEERING AND SURVEYING, INC.
STREETS(ACERO AVENUE
Asphalt (3" Asphalt on 14" Base)
3931 SY @
$18.30 /SY
$71,937
Curb and Gutter
2039 LF @
$7.80 /LF
$15,904
Cross Pan (Demolish)
1 EA @
$300.00 JEA
$300
Handicap Ramps
1392 SF @
$3.50 /SF
$4,872
R & R Existing Curb Return
24 LF @
$25.00 /LF
$600
/Ksphalt Cut
1 EA @
$800.00 JEA
$800
Asphalt Patch
50 SY @
$25.00 /SY
$1,250
WATER
8" PVC Water Main
36 LF @
$28.67 /LF
$1,032
12" PVC Water Main
1110 LF @
$28.67 /LF
$31,824
Fire Hydrant Ass'y.
3 EA @
$1,800.00 /EA
$5,400
Services
50 1=A @
$480.00 /EA
$24,000
Permanent Blowoff
2 EA @
$600.00 /EA
$1,200
SANITARY SEWER
Services
50 EA @
$575.00 /1A
$28,750
Adjust Existing M.H. to Grade
1 EA @
$300.00 /EA
$300
S'['ORM SEWER
15" HOPE Pipe
94 LF @
$27.00 AF
$2,538
24" HDPE Pipe
218 LF @
$36.00 /LF
$7,643
27" PVC Pipe
347 LF @
$42.00 /LF
$14,574
36" HDPE Pipe
225 LF @
$60.00 /LF
$13,500
Type "W" Inlet L =8'
2 FAO
$2,600.0 /FA
$5,200
Type "S" Inlet L =8'
i EA @
$2,600.00 /EA
$2,600
Type "S" Inlet L =9'
1 EA @
$2,800.00 /EA
$2,800
Type I- B Manhole
3 EA @
$1,600.00 /EA
$4,800
STREET LIGHTS
4 EA @
$1,300.00 /EA
$5,200
MONUMENTS
2 EA @
$575.00 JEA
$1,150
TOTAL(ACERO AVE.) $248,379
19
Jun 11 98 04:24p Public Works
(?IS) S42 -6244
SUBDIVISION IMPROVEMENTS AGREEMENT
E7l'HIBIT "B"
SUBDIVISION NAME:
L*TDO AT LAKESHORE,
A SPECIAL AREA
PLAN
DEVELOPER:
PANNUNZIO, INC.
ENGINEER:
NORTHSTAR ENGINEERING AND SURVEYING, INC.
STREETS (WINNIPEG STREET)
Asphalt (3" Asphalt on 9" Base)
3674 SY @
$13.60 /SY
$50,701
Curb and Gutter
1991 LF @
$7,80 /LF
$15,530
Asphalt Cut
1 EA @
$800.00 JEA
$800
Asphalt Patch
50 SY @
$25.00 /SY
$1,250
Handicap Ramps
928 SF @
$3.50 JSf=
$3,248
Cross Pan (Replace)
269 SF @
$3.80 /SF
$1,022
VVY TER
6" PVC Water Main
185 LF @
$28.67 /LF
$5,304
8" PVC Water Main
794 LF @
$28.67 /LF
$22,764
Fire Hydrant Ass
1 EA @
$1,600.00 /EA
$1,800
Services
53 EA @
$480.00 /EA
$25,440
Permanent 8lowolf
1 EA @
$600.00 /EA
$600
SANTTARY SEWER
8" PVC Sewer Main
954 LF @
$22.00 /LF
$20,988
48" Manholes
4 EA @
$1,400.00 /EA
$5,600
Services
53 EA @ .
$575.00 JEA
$30,475
STORM SEWER
15" HDPE Pipe
36 LF @
$27.00 /LF
$972
19" x 30" ELLIPTICAL RCP
56 LF @
$50.00 /LF
$2,800
24 "HDPE Pipe
214 LF @
$36.00 /LF
$7,704
Type "S" Inlet L =6'
1 EA O
$2,200.00 /EA
$2,200
Type 'S" Inlet L =7'
1 EA @
$2,400.00 JEA
$2,400
Type "S" Inlet L =10'
1 EA @
$3,000.00 /EA
$3,000
Type I- B Manhole
1 EA @
$1,800.00 /EA
$1,800
STREET LIGHTS
3 EA @
$1,300.00 /EA
$3,900
MONUMENTS
3 EA @
$575.00 JEA
$1,725
TOTAL(WINNIPEG ST.) 212 023
s
p.14
20
Jun 11 98.04:25p
Public Works (719) 542 -6244
S U B D X YI SIO N I M PR O{ rE1 N EM S A G R EE M E N T
EXHIBIT "B"
SUBDIVISION NAME: LAREDO AT LAKESHORE,
A SPECIAL AREA PL&N
DEVELOPER: PANNUNZIO, INC.
ENGINEER: NORTHSTAR ENGINEERING AND SURVEYING, INC.
STREETS (OTTAW
Asphalt (3" Asphalt on 9" Base)
819 SY @
$13.80 /SY
$11,302
Curb and Gutter
902 LF (D
$7.80 /LF
$3,136
W_ ATET
8" PVC Water Main
269 LF @
;25.67 /LF
$7,712
Eire Hydrant Ass'y.
1 EA @
$1,800.00 /EA
$1,800
SANITARY SEWER-
S" PVC Sewer Main
245 LF @
$22.00 /LF
$5,390
48" DIA. MANHOLE
1 EA @
$1,400.00 /LF
$1,400
STORM SANER
15" HDPE Pipe
6 LF @
$27.00 /LF
$162
18" HOPE Pipe
183 LF @
$29.00 /LF
'$5,307
Type "57 Inlet L =6'
i EA @
$2,200.00 /EA
$2,200
Type "S' Inlet L =S'
1 EA @
$2,000.00 /EA
$2,000
Type "W" In)d L =8'
1 EA @
$2,600.00 JEA
$2,600
Type I -B Manhole
2 Ell @
$1,800.00 JEA
$3,600
TOTAL (OTTAY'IA LANE) $46,609
21
Jun 11 98 04:25p Public Works
(719) 542 -6244 p.16
SUBDMSXON .rMPRO V �� EMENTSAGREEMENT
WlI7�B1 f B
SUBDIVISION NAME: LAREDO AT LAKESHORE,
A SPECIAL AREA PLAN
DEVELOPER PANNUW JO, INC.
ENGINEER: NORTHSi'AR ENGINEERING AND SURVEYING, INC,
STREETS (TORONTO STREET)
Asphalt (3 "Asphalt on 13`Base)
1419 SY @
$17.40 /S!
$24,691
Curb and Gutter
640 LF @
$7.80 /LF
$4,992
WATER
8" PVC Water Main `
376 LF @
$28.67 JLF
$10,780
Servkes
9 EA @
$1}80,00 JEA
$4,320
Permanent Blowoff
1 EA @
$600.00 JEA
$600
SANITARY SEWER
B" PVC Sewer Main
312 LF @
$22.00 JLF
$6,864
48" Manhoies
3 EA @
$1,400.00 /EA
$4,200
Services
9 EA @
$575.00 )EA
$5,175
STORM SEWER
15` HDPE Pipe
6 LF @
$27.00 JLF
$162
18" HDPE Pipe
189 EA @
$29.00 /EA
$5,336
Type 18 Manhole
1 EA @
$1,600.00 /EA
$1,600
STREET LIGHTS
1 EA @
$1,300.00 /EA
$1,300
MONUMUITS
1 EA @
$575.00 /EA
$575
TYPE III BARRICADE (L =16')
1 EA @
$800.00 /EA
$800
TOTAL (TORONTO ST.) $71,395
22
Jun 11 Be 04:2Gp Public Works
(719) 542 -6244 p-17
SUBDIYTSION IMPRO EEME
fX 1.1a / �"
SUBDIVISION NAME: LAREDO AT LAKESHORE,
A SPECIAL AREA PLAN
DEVELOPER: PANNUNZIO, INC.
ENGINEER: NORTHSTAR ENGINEERING AND SURVEYING, INC.
;w - *T L% "
MI
Striping
Removal of Striping
Tratfic Control
Guard Rail
Signage
18" Poly Pipe
4' Corxrete Pan
OFF —SITE GRADINQ
Re vegetation
OFF -SITE WATER
12" PVC Water Main
8" PVC Water Main
STR 75
Access Road- 4" Crushed Rock
Qo SE WER
8" Poly Pipe
30" Poly Pipe
6' Concrete Pan
outlet Structure
Rip Rap
Concrete Pad
Re- vegetation
73600 CY @ $2.00 ICY $147,200
1 LS @
$3,000.00 As
1 LS @
$3,000.00 /LS
1 LS @
$2,800.00 /LS
1 LS @
$3,000.00 /LS
4 LS @
$500.00 /LS
156 LF @
$29.00 /LF
3389 LF @
$12.80 /LF
4200 CY @
$2.00 ICY
1.2 AC p@
$12,000.00 JAC
$3,000
$3,000
$2,800
$3,000
$2,000
$4,524
$43,379
$8,400
$14,400
330 LF @ $28.67 /LF
36 LF @ $28.67 /LF
307 SY @ $25.00 /SY
23 LF @
$22.00 /LF
105 LF @
$50.00 /LF
106 LF ,1
$22.00 /LF
1 EA @
$12,000.00 /EA
202 CY @
$50.00 /CY
7600 SF @
$350 /SF
15 AC @
$12,000.00 /AC
TOTAL PROJECT
$9,461
$1,032
$7,675
$506
$5,250
$2,332
$12,000
$10,100
$26,600
$18,000
1 203 674
This is an estimate only. Actual construction costs may vary.
This estimate may not include all construction costs.
PREPARED BY: D. STRAVIA
FIRM: NO AND SURVEYING, INC.
REVIEWED BY:
CITY OF PUEBLO
23