HomeMy WebLinkAbout(#17) Sandcrest Phase ILetter of Credit
To: City of Sebastian Letter of Credit No. 028
1225 Main Street
Sebastian, FL 32958 Date: 04/20/2016
Project No. 001
Expiration Date: 10/20/2016
(Cannot be renewed or extended without the written
permission of Sandcrest, LLC)
To Whom It May Concern:
We hereby establish our Irrevocable Letter of Credit # 028, the "Letter of Credit" in the amount of Forty Five Thousand One
Hundred Thirty Four Dollars & 101100 ($45,134.10), in your favor for the account of the above -referenced Subcontractor.
This Letter of Credit is available against your draft(s) at sight drawn on us and accompanied by:
1. Your signed statement (purportedly signed by an officer) stating one or more of the following:
"The Subcontractor has failed to make prompt payment to persons supplying labor and material, which may include utilities
service and equipment rentals, in the prosecution of the work under the Subcontract, in the amount of $45,134.10."
OR
"The Subcontractor has failed to perform certain of the undertakings, covenants, terms, conditions and agreements of the
Subcontract (including any duly authorized modifications thereto) within the time provided therein and any extension granted
by Beneficiary, and during the life of any guaranty required under the Subcontract, resulting in costs incurred or to be incurred
by Beneficiary in the amount of $45,134.10."
OR
"The Letter of Credit is scheduled to expire in less than thirty (30) days from the date hereof, and Beneficiary has not received
a renewal or replacement for the Letter of Credit."
2. This Letter of Credit sets forth in full our understanding to you, and strict compliance with each and all of the terms of this
Letter of Credit are required. This Letter of Credit shall not be in any way modified, amended, amplified or limited by
reference to any document, instrument, or agreement referred to herein (including, without limitation, the Subcontract), and
any such reference shall not be deemed to incorporate herein by reference any such instrument, document or agreement. No
change, extension of time, alteration, addition or omission to the terms of the Subcontract or the work to be performed
thereunder or the specifications accompanying same shall in any way affect the terms of this Letter of Credit.
Partial draws are permitted. Any partial drawing hereunder shall be endorsed hereon by us and this Letter of Credit shall be
returned to the holder hereof (except after a drawing which exhausts the available credit hereunder).
This Letter of Credit is transferable upon written notice from you informing us of the name and address of the transferee.
We hereby agree with drawers, endorsers and bona fide holders of draft(s) drawn under and in compliance with the terms of
Letter of Credit that the same shall be duly honored upon presentation at our counters, on or before the Expiration Date.
Requested and Auth i e y:
Robert Votaw, Mana r
Sandcrest, LLC
RECEIVED
1 2016
City of Sebastian
Oculina Bank
V144
ng BankBy
Chris Russell
Its Executive ice resident
Oculina Bank Irrevocable Letter of Credit 1007
off.
Schulke,'Bittle & Stoddard, LLC
Certified Cost Estimate
For: SandCrest Phase 1
412012016
ITEM
UNIT
QUANTITY
UNIT PRICE
TOTAL
% Complete
$ Value
% Remaining
$ Value
EARTHWORK & GRADING
4' Dia Mod. Miami inlet
EA
12
$
2.670.00
$
32 040.00
100.00% $
32 040.00
Mobilization
LS
1
$ 5100.00
$
5.100.00
100.00% $
5100.00
0.00%
$0.00
Clearing and Grubbing
LS
1
$ 36 400.00
$
36 400.00
100.00% $
36 400.00
0.00%
$0.00
Erosion Control
LS
1
$ 15 000.00
$
15 000.00
100.00% $
15 000.00
0.00%
$0.00
Gradin
I LS
1 1
$ 23 500.00
$
23 500.00
100.00% $
23 500.00
0.00%
$0.00
Excavation of Stormwater Areas
CY
1 13,800
$ 2.75
$
1
37.950.00
100.00% $
37,950.00
0.00%
$0.00
775.00
$
3,875.00
Subtotal
$
117,950.00
100.00%1$
117,950.00
0.00%
$0.00
STORM DRAINAGE
6" C-900
4' Dia Mod. Miami inlet
EA
12
$
2.670.00
$
32 040.00
100.00% $
32 040.00
0.00%
$0.00
4' Dia 'unction manhole
EA
5
$
2,850.00
$
14 250.00
100.00% $
14 250.00
0.00%
$0.00
Control Structures
EA
2
$
3,100.00
$
6,200.00
100.00% $
6,200.00
0.00%
$0.00
T C Inlet
EA
4
$
11609.96
$
6,439.84
100.00% $
6,439.84
0.00%
$0.00
Type D Inlet
EA
1
$
2.243.65
$
2,243.65
100.00% $
2,243.65
0.00%
$0.00
Mitered Ends
EA
5
$
775.00
$
3,875.00
100.00% $
3,875.00
0.00%
$0.00
18" RCP Pie
LF
198
$
47.20
$
9,345.60
100.00% $
9,345.60
0.00%
$0.00
15' ADS Pipe
LF
20
$
28.00
$
560.00
100.00% $
560.00
0.00%
$0.00
WADS Pipe
LF 1
863
$
35.75
$
30 852.25
100.00%1$
30 852.25
0.00%
$0.00
24' ADS Pipe
LF
890
1 $
49.00
$
43 610.00
100.00% $
43,610.001
0.00%
$0.00
EA
23
$
Subtotal
$
149,416.34
100.00%1$
149,416.34
0.00%
$0.00
SANITARY SEWER
6" C-900
Manholes 0-6
EA
4
$
3.170.00
$
12 680.00
100.00% $
12 680.00
0.00%
$0.00
Manholes 6-8
EA
4
$
4,477.00
$
17 908.00
100.00% $
17 908.00
0.00%
$0.00
Manholes 8-10
EA
2
$
5,220.00
$
10 440.00
100.00% $
10 440.00
0.00%
$0.00
4" PVC FM
LF
165
$
21.20
$
3,498.00
100.00% $
3.498.00
0.00%
$0.00
4"45 Den Bend
EA
6
$
550.00
$
3,300.00
100.00% $
3,300.00
0.00%
$0.00
6" x 4" Tapping Sleeve
EA
1
$
21925.00
$
292500
100.00% $
2,925.00
0.000/0
$0.00
4" MJ Gate Valve
EA
1
$
1,200.00
$
1,200.00
100.00% $
1,200.00
0.00%
$0.00
Driveway for Lift Station
SY
88
$
38.00
$
3,344.00
0.00% $
-
100.00%
$3,344.00
8" PVC Pipe
LF
2368
$
31.15
$
73 763.20
100.00% $
73 763.20
0.00%
$0.00
Lift Station
LS
1
$163000.00
$
163 000.00
100.00% $
163 000.00
0.00%
$0.00
Sin le Service
EA
23
$
975.00
$
22 425.00
100.00% $
22 425.00
0.00%
$0.00
Double Service
EA
21
$
1250.00
$
28 250.00
100.00% $
26 250.00
0.00%
$0.00
TV and Clean System
EA
1
$
2,500.00
$
2,500.00
0.00% $
-
100.00%
$2,500.00
Subtotal
$ 156,765.35
96.30% $
Subtotal
$
343,233.20
98.30%1$
337,389.20 1
1.70%
$5,844.00
POTABLE WATER
6" C-900
LF
2853
$
18.75
$ 53 493.75
100.00% $
53 493.75
0.00%
$0.00
12" X 6" Wet Tap
EA
1
$
5i587.00
$ 5.587.00
100.00% $
51587.00
0.00%
$0.00
Fire Hydrants
EA
3
$
4250.00
$ 12 750.00
100.000/6 $
12 750.00
0.00%
$0.00
6" MJ Gate Vave
EA
11
$
1.355.00
$ 14 905.00
100.00% $
14 905.00
0.00%
$0.00
6" 11 Deg Bend
EA
7
$
383.00
$ 2,681.00
100.00% $
2,681.00
0.00%
$0.00
V'45 Deg Bend
EA
7
$
383.00
$ 2,681.00
100.00% $
2,681.00
0.00%
$0.00
6" Tee
EA
6
$
430.10
$ 2,580.60
100.00% $
2,580.60
0.00%
$0.00
6" Water Main Deflection
EA
1
$
2982.00
$ 298200
100.00% $
2982.00
0.00%
$0.00
Sin le Water Service
EA
12
$
1,190.00
$ 14 280.00
100.00% $
14 280.00
0.00%
$0.00
Double Water Service
EA
27
$
1,445.00
$ 39 015.00
100.00% $
39 015.00
0.00%
$0.00
Temp Jumper Assembly
EA
1
$
1,925.00
$ 1,925.00
0.00% $
-
100.00%
$1,925.00
Sample Points
EA
3
$
625.00
$ 1,875.00
0.00% $
-
100.00%
$1,875.00
Flush & Pressure Test
LS
1
$
1,000.00
$ 1,000.00
0.00% $
-
100.00%
$1,000.00
Ba-( 7Ts
EA
1
$
1,000.00
$ 1,000.00
0.00% $
-
100.00%
$1,000.00
Subtotal
$ 156,765.35
96.30% $
150,955.35
3.70%
$5,800.00
LANDSCAPE
Pine Tree
EA
42
$
75.00
$ 3,150.00
100.00% $
3,150.00
0.00%
$0.00
Live Oak
EA
18
$
200.00
$ 3,600.00
33.30% $
1,198.60
66.70%
$2.401.20
Cabbage Palm 15' +/-
EA
20
$
160.00
$ 3.200.00
50.00% $
1,600.00
50.00%
$1,600.00
Shrub 1 gal
EA
688
$
12.00
$ 8,256.00
0.00% $
-
100.00%
$8,256.00
Sod Seed and Mulch Common areas
SY
2,000
$
1.90
$ 3,800.00
0.00% $
-
100.00%
$3.800,00
Irrigation
LS
1
$
5,000.00
$ 5,000.00
0.00% $
-
100.00%
$5,000.00
Subtotal
$ 27,006.00
22.03% $
5,948.80
77.97%j
$21,057.20
ROAD
Sub rade
SY
7668
$
2.90
$ 22 237.20
100.00% $
22 237.20
0.00%
$0.00
6" Coquina Base
SY
7005
$
10.90
$ 76 354.50
100.00% $
76 354.50
0.00%
$0.00
1 W Asphalt
SY
7005
$
13.00
$ 91 065.00
100.00% $
91,C65.00
0.00%
$0.00
Modified Miami Curb
LF
4820
$
11.90
$ 57 358.00
100.00% $
57 358.00
0.00%
$0.00
Valley Curb
LF
86
$
15.00
$ 1,290.00
100.00% $
1,290.00
0.00%
$0.00
T e'D' Curb
LF
190
$
12.85
$ 2,441.50
100.00% $
2,441.50
0.00%
$0.00
Testin /FBV/Densities/Road & Backfill
LS
1
$
5,040.00
$ 504000
52.78% $
2660.11
47.22%
$2,379.80
Sod at EOP
SY
8000
$
1.90
$ 15 200.00
100.00% $
15 200.00
0.00%
$0.00
Sidewalks
SY 1
2099
1 $
35.00
$ 73 465.00
100.00% $
73 465.00
0.00%
$0.00
Signage and Striping
LS
1
$
3,100.00
$ 3,100.00
0.00% $
-
100.000/0
$3,100.00
Misc Conduit (lights, cable, etc.)
LS
1
$
7,500.00
$ 7,500.00
100.00% $
7,500.00
0.00%
$0.00
Subtotal
$ 355,061.20
98.46% $
349,571.31
1.54%
$5,479.80
I
OTHER
TOTAL
% Complete
$ Value
% Remainln
$ Value
Earthwork and Grading
$
117,950.00
Survey Stake -Out
LS
1
$
7,500.00
$ 7,500.00
100.00% $
7,500.00
0.00%
$0.00
Survey As -Built
LS
1
$
31500.00
$ 31500,00
90.00% $
3,150.00
10.00%
$350.00
Survey - Set PCP and PRM
LS
1
$
2,000.00
$ 2,000.00
0.00% $
-
100.00%
$2,000.00
Design and Permitting Services
LS
1
$
5,000.00
$ 5,000.00
100.00% $
5,000.00
0.00%
S0.00
Engineer Inspections/Certs
LS
1
$
5,000.00
$ 5,000.00
90.00% $
4,500.00
10.00%1
$500.00
3.50% $
41,031.00
Subtotal
1 $ 23,000.00
87.61%1 $
20,150.00 1
12.39%1
$2,850.00
SUMMARY
TOTAL
% Complete
$ Value
% Remainln
$ Value
Earthwork and Grading
$
117,950.00
100.00%
$ 117,950.00
0.00% $
-
Storm Drainage
$
149,416.34
100.00%
$ 149,416.34
0.00% $
-
Sanitary Sewer
$
343,233.20
98.30%
$ 337,389.20
1.70% $
5,844.00
Potable Water
$
156,755.35
96.30%
$ 150,955.35
3.70% $
5,800.00
Landscape
$
27,006.00
22.03%
$ 5,948.80
77.97% $
21,057.20
Road
$
355,051.20
913.46%
$ 349,571.31
1.54% $
5,479.80
Other
$
23,000.00
87.61%
$ 20,150.00
12.39% $
2,850.00
TOTAL $ 1,172,412.09
96.50%
$ 1,131,381.00
3.50% $
41,031.00
Surety Amount (110%)
$45,134.10
CERTIR ATE OF COST ESTIMATE
Jodah . Bittle, A Florida registered engineer, License No. 57396, do hereby certify to the City of Sebastian that a cost estimate has been prepared under my responsible direction
(Signature)
t V t (Date)
Jod h B. Bittle, P.E., Florida Registered Engineer License No. 57396
RECEIVE -D
APS; 2 1 2016
City of Sebastian
Commu^ity Development Dc,,l