HomeMy WebLinkAboutRESOLUTIONS-2013-001-R-13•
•
- 3/5/2013
1-R-13
A RESOLUTION
Authorizing the City Manager to Negotiate a TIF Construction Grant
Agreement with Peckish One, LLC for Improvements to
City Property located at 623-627 1 /2 Howard Street
WHEREAS, the City of Evanston, Cook County, Illinois (the "City"), is a
home -rule municipality pursuant to Article VII of the Illinois Constitution of 1970; and
WHEREAS, pursuant to Ordinances 8-0-92, 09-0-92, and 10-0-92,
adopted April 27, 1992 in connection with the Howard Ridge Tax Increment
Redevelopment Project Area (the "Redevelopment Project Area"), the City Council of
the City Evanston (the "City") adopted the Howard Ridge Tax Increment Area
Redevelopment Plan and related redevelopment projects, designated the
Redevelopment Project Area, and authorized tax increment finance pursuant to the Tax
Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq., as
supplemented and amended, including the predecessor Act thereof (the "TIF Act"); and
WHEREAS, the City of Evanston owns certain real property known as
623-627 1 /2 Howard Street, Evanston, Illinois (the "Property")-, which is improved with
a single story commercial building; and
WHEREAS, the Property is within the Redevelopment Project Area and
the City seeks to have the Property renovated partly with TIF funds; and
WHEREAS, Peckish One, LLC would like to lease the Property and
renovate the Property with available TIF funds,
1-R-13
- NOW THEREFORE;- BE IT -RESOLVED-BY THE CITY- -COUNCIL OF -
THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS:
SECTION 1: The City Manager is hereby authorized and directed to
execute a TIF Construction Grant agreement ("Agreement') between the City and
Peckish One, LLC, an Illinois limited liability company, attached hereto as Exhibit 1"
and incorporated herein by reference is the Agreement.
SECTION 2: , The City Manager is hereby authorized and directed to
negotiate any additional conditions of the Agreement as he may determine to be in the
best interests of the City.
SECTION 3: This Resolution 1-R-13 shall be in full force and effect from
and after its passage and approval in the manner provided by law.
Attest:
R6d'ney Gr;� e, City Clerk
Adopted: ✓ r l , 2013
Eliz9 eth B. Tisdahl, Mayor
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1-R-13
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- - - - EXHIBIT-1- -
TIF GRANT AGREEMENT
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TIF CONSTRUCTION GRANT AGREEMENT
THIS TIF CONSTRUCTION GRANT AGREEMENT (the "Agreement") is entered
into on this - r day of March, 2013 ("Effective Date"), by and between the City of
Evanston, an Illinois home rule municipality, ("City"), and Peckish One, LLC, an Illinois
limited liability company ("Peckish One"), regarding the renovation and occupation of
City property located at 623-627 1/2 Howard Street, Evanston, Illinois, legally described
in Exhibit "A", which is attached hereto and incorporated herein by reference
("Property"). The City and Peckish One shall be referred to herein collectively as the
"Parties".
RECITALS
WHEREAS, the City desires to foster local businesses and jobs as part of its
economic revitalization efforts throughout Evanston and in accord with the TIF
Guidelines, as defined herein; and
WHEREAS, the City Property is improved with a one-story commercial building
and the City seeks to renovate the Property with TIF grant funds and in accordance
with a commercial lease and option agreement between Parties, the term of which are
is incorporated herein by reference ("Commercial Lease and Option Agreement"); and
•
WHEREAS, the City has authorized Economic Development Division Staff to
manage and administer this Agreement on behalf of the City including, without
limitation, authorizing the City Manager to execute this Agreement with Peckish One, •
thereby establishing the terms, conditions, and requirements for participation in this
Agreement in accordance with TIF Guidelines; and
NOW, THEREFORE, in consideration of the foregoing recitals, which are
incorporated herein by reference, and the mutual obligations of the parties as herein
expressed, the City and Peckish One agree as follows:
AGREEMENT
I. DEFINITIONS
The following terms shall have the following meanings whenever used in this
Agreement, except where the context clearly indicates otherwise. Any ambiguity as to
the intended meaning or scope of the terms set forth below will be resolved solely by
the City through its designated representative.
a. "Completion Date" means the date that the contractor has finished the Project
pursuant to the plans approved by City Council, the City Manager or his/her
designee, and to the satisfaction of Peckish One, as evidenced by final payment
to the contractor. 0
_b—"Director°'__means the City's_'Director.of_Community & Economic Development,
• who is responsible for managing and administering this Agreement on behalf of
the City.
c. "Grant" means the total amount of the City's grant of TIF monies to Peckish One
for purposes of funding TIF eligible activities of the Project, which shall not
exceed Two Hundred Thousand Dollars ($200,000.00) and shall only be for
approved improvements the amount approved by City Council.
ri."P-roject"means the_improv_ements oo the Propertyas proposed by Peckish One
and approved by the City Council. Specifically, Peckish One desires to renovate
the Property to make it suitable for use as a restaurant and brewery
establishment by using TIF funds for said renovation.
e. "TIF Eligible Activities" means activities determined to be eligible for payment
from the City's TIF fund under the guidelines of the Illinois Tax Increment
Allocation Redevelopment Act, 65 ILCS 5/11-74.4 et seq., as amended.
f. "TIF Guidelines" means the regulations found in the Illinois Tax Increment
Allocation Redevelopment Act, 65 ILCS 5/11-74.4 et seq., as amended. All terms
not defined herein shall have the meanings set forth in the TIF Guidelines.
g. "Total Allowable Expenses" means the actual costs incurred, paid for, and
documented by Peckish One and approved by the Director or his/her designee
• for the proper performance of the improvement work required by the plans and
specifications and/or architectural/design renderings for the Project. Such
allowable expenses must be TIF Eligible Activities.
h. "Total Project Expenditure" means the total actual Project costs incurred by
and paid for by the City, up to the amount of the Grant, and then payments made
by Peckish One after the amount of the Grant has been spent, which includes all
costs of construction, materials, & supplies.
"Vanilla Box Improvements" means the improvements necessary to bring the
Property up to all building Code standards and other basic improvements to bring
the Property towards Peckish One's future use of the Property and the Grant will
fund said improvements up to the amount of the Grant and TIF Eligible Activities.
Attached as Exhibit "B" is the cost estimate for the Vanilla Box Improvements, but
is not entire cost estimate for the Project.
II. TERMS OF GRANT
a. City shall disburse funds in the principal amount of the Grant not to exceed Two
Hundred Thousand and no/100 Dollars ($200,000.00) from the City's Howard
• Ridge TIF Fund for improvements that are approved for funding for the Project.
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_ b. The Grant by_the_ City pursuant to this Agreement constitutes a 1-year grant to
Peckish One, until the tenant improvements for the Project are fully completed as •
described herein. If the Total Project Expenditures are greater than Two
Hundred Thousand and no/100 Dollars ($200,000.00), Peckish One shall be
solely responsible for any payments to the contractor or subcontractors above
the Grant fund amount. If any project costs are determined to not be TIF Eligible
Activities, Peckish One must submit payment at its own expense and Grant funds
may not be used and Peckish One shall receive no reimbursement from the City
for non-TIF Eligible Activities.
c. The City shall be invoiced directly by the contractors and subcontractors for
payment. The Director or his designee shall review the invoices to ensure that
the invoice charges are TIF Eligible Activities prior to payment. As currently
proposed, the activities planned by Peckish One would qualify as TIF Eligible
Activities. The Director or his designee shall promptly respond to the submission
of any invoices and shall not withhold unreasonably any designation of TIF
Eligible Activities.
III. PECKISH ONE'S RESPONSIBILITIES
a. Peckish One shall provide a list of all construction activities to the City prior to
commencement of work to verify that the project costs are TIF Eligible Activities.
Of those activities it will be determined which are eligible expenses for payment
by the City and are TIF-Eligible Activities.
b. Peckish One shall comply with all terms and conditions of this Agreement and all •
applicable requirements of Federal, Illinois and City of Evanston law, including
but not limited to paying contractors and subcontractors Illinois Prevailing wages,
if applicable
c. Peckish One shall ensure that all work done on the Project and paid for with
Grant funds are TIF Eligible Activities. The City will separately evaluate whether
the project costs are TIF Eligible Activities.
d.. Peckish One shall obtain and submit all required certificates of insurance, as set
forth herein, to the City Manager or his/her designee within a period of seven (7)
days following the execution of this Agreement.
e. Peckish One shall be responsible for hiring licensed contractors to complete the
Project. The Director or his/her designee may. require submission of proof of the
State License issued to the selected contractors.
f. Peckish One shall be responsible for contacting the Director or his/her designee
to obtain all City and other approvals and/or permits required for construction and
completion of the Project.
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g. Peckish One shall be fully responsible for managing, monitoring, and scheduling
• the construction of the Project, for ensuring compliance with the payment of
prevailing wages, if applicable, and for ensuring that all improvements are
completed properly and in conformance with the approved project.
h. Peckish One shall make a good faith effort to use Evanston -based businesses as
frequently as is financially feasible when purchasing supplies and/or hiring
subcontractors and administrative services providers for the Project. Peckish
One shall obtain three (3) estimates for the scope of work for the Tenant
Improvements and one (1) estimate must be obtained from an Evanston -based
contractor.
i. Upon completion of the Project, Peckish One shall notify the Director and request
inspection of the Project by the Director or his/her designee(s).
j. After completion of the Project, Peckish One shall submit to the Director or
his/her designee a report that includes the following:
Letter indicating the Project is completed and the Total Cost Expenditures
for the Project;
ii. All contractor invoices detailing the specific tasks completed in
accordance with approved Project;
• iii. Unconditional lien releases; and
iv. Any additional material reasonably requested by the Director or his/her
designee.
k. Peckish One shall maintain the Property in compliance with all applicable
provisions of the Evanston City Code of 2012, as amended.
I. Peckish One shall not be more than one hundred twenty (120) days in arrears
with regards to any City utility and/or service bills.
IV. THE CITY'S RESPONSIBILITIES
a. City shall use up to Two Hundred Thousand and no/100 Dollars ($200,000.00)
for the Grant from the City's Howard Ridge TIF Fund for the Project.
b. The Director or his/her designee shall review Peckish One's contractors' and
subcontractors' sworn statements and accompanying documents, and, if said
documents meet all terms, conditions, and obligations under this Agreement and
the TIF Guidelines for Eligible Project Costs, the Director or his/her designee
shall, in the ordinary course of business, submit prompt payment to contractors
40 and subcontractors.
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c. Within a reasonable time after Peckish One notifies City of the completion of the
Project, the Director or his/her designee shall inspect the improvements to
ensure they were completed in accordance with approved Project and its
guidelines.
V. TIME OF PERFORMANCE
Peckish One shall complete the Project the later of (i) six (6) months after receiving any
building permit related to the Project or (ii) December 1, 2013. Failure to complete the
Project within six (6) months will result in Peckish One's breach of this Agreement.
Requests for additional time and extensions in Project completion time will be granted,
but only if submitted in writing prior to the expiration of the Agreement.
VI. INSURANCE
a. During the entire period in which work on the Project is performed, Peckish One
shall obtain and maintain in full force and affect during said period the following
insurance policies: (i) Comprehensive General Liability Insurance in a general
aggregate amount of not less than $1,000,000, $1,000,000 Products and
Completed Operations Aggregate, and $1,000,000 for each occurrence.
b. All insurance policies shall name the City of Evanston, and their respective
elected officials, officers, employees, agents, and representatives as an
additional insured. •
c. All deductibles on any policy shall be the responsibility of the primary holder of
such policy and shall not be the responsibility of the City.
d. Peckish One shall provide evidence of required insurance to the Director within
seven (7) days after execution of this Agreement.
VII. OBLIGATION TO REFRAIN FROM DISCRIMINATION
a. Peckish One covenants and agrees for itself, its successors and its assigns to
the Project, or any part thereof, that it will not discriminate against any employee
or applicant for employment because of race, color, religion, sex, sexual
orientation, marital status, national origin or ancestry, or age or physical or
mental disabilities that do not impair ability to work, and further that it will
examine all job classifications to determine if minority persons or women are
underutilized and will take appropriate affirmative action to rectify any such
underutilization within reason.
b. Peckish One agrees that if it hires additional employees in order to perform this
contract, or any portion hereof, it will determine the availability of minorities and •
women in the area(s) from which it may reasonably recruit and it will hire for each
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job classification for which employees are hired in such a way that minorities and
• women are not underutilized while at the same time hiring the most qualified
applicants.
c.. Peckish One agrees that in all solicitations or advertisements for employees
placed by it or on its behalf, it will state that all applicants will be afforded equal
opportunity without discrimination because of race, color, religion, sex, sexual
orientation, marital status, national origin, ancestry, or disability.
Vill. NO AGENCY CREATED
Peckish One and any contractor, supplier, vendor or any third party hired by Peckish
One to complete the Project are not agents of the City. Any provisions of this
Agreement that may appear to give the City any right to direct Peckish One concerning
the details of the obligations under this Agreement, or to exercise any control over such
obligations, shall mean only that Peckish One shall follow the direction of the City
concerning the end results of the obligations.
IX. OWNERSHIP OF DOCUMENTS
All documents prepared and submitted to the City pursuant to this Agreement (including
any duplicate copies) shall be the property of the City. The City's ownership of these
documents includes use of, reproduction or reuse of and all incidental rights thereto.
However, the City agrees not to disclose the blueprints or design elements that Peckish
• One uses for the Project with any competitor or representative of a competitor of
Peckish One through a Freedom of Information Act (5 ILCS 140/1 et seq.) request.
X. INDEMNIFICATION AND HOLD HARMLESS
To the maximum extent permitted by law, Peckish One agrees to and shall defend,
indemnify and hold harmless the City, and its respective officers, officials, employees,
contractors and agents from and against all claims, liability, loss, damage, costs or
expenses (including expert witness fees, reasonable attorneys' fees, and court costs)
arising from or as a result of the death of any person or any accident, injury, loss or
damage whatsoever caused to any person or property resulting or arising from or in any
way connected with the following, provided Peckish One shall not be responsible for
(and such indemnity shall not apply to) any negligence or willful misconduct of the City,
or its respective officers, officials, active employees, contractors or agents:
a. The development, construction, marketing, use or operation of the Property by
Peckish One, its officers, contractors, subcontractors, agents, employees or
other persons acting on Peckish One's behalf ("Indemnifying Parties");
b. The displacement or relocation of any person from the Property as the result of
• the development of the Project on the Property by the Indemnifying Parties;
provided, however, that the City and not Peckish One shall be solely responsible
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terminating any_ lease and/or the eviction of any individual or business
currently inhabiting the Property. _.-. _ _ - - - - - - --_ - ---- -- •
c. Any plans or designs for the Project prepared by or on behalf of Peckish One
including, without limitation, any errors or omissions with respect to said
documents;
d. Any loss or damage to the City resulting from any inaccuracy in or breach of any
representation or warranty of Peckish One, or resulting from any breach or
default by Peckish One, under this Agreement; and
e. Any and all actions, claims, damages, injuries, challenges and/or costs or
liabilities arising from the approval of any and all entitlements or permits for the
improvements by the City, and their respective officers, officials, employees,
contractors or agents.
The foregoing indemnity shall continue to remain in effect after the Completion Date or
after the earlier termination of this Agreement, as the case may be.
XI. DUTY TO DEFEND
Peckish One further agrees that the hold harmless agreement in Article X, and the duty
to defend the City, and their respective officers, officials, employees, contractors and
agents, require Peckish One to pay any costs that the City may incur which are
associated with enforcing the hold harmless provisions, and defending any claims •
arising from obligations or services under this' Agreement except for any willful
misconduct of the City, or its respective officers, officials, representatives, active
employees, contractors or agents.
XII. COMPLIANCE WITH LAW
Peckish One agrees to comply with all the requirements now or hereafter in force, of all
municipal, county, state and federat authorities, pertaining to the development and use
of the Property and construction of the Project, as well as operations conducted on the
Property. The Director or his/her designee will not issue any Grant to the Peckish One if
there is in violation of any law, ordinance, code, regulation, or permit. The City agrees to
cooperate and assist Peckish One in such compliance if the assistance of the City is
required.
XIII. TERMINATION
If Peckish One shall fail to cure any Event of Default upon notice and within the time for
cure provided for herein, the City may, by written notice to the Peckish One, terminate
this Agreement. Such termination shall trigger the "Repayment of Loan" defined herein.
Peckish One may not terminate this Agreement without the express written consent of
the City. •
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XIV. NOTICES
All notices permitted or required hereunder must be in writing and shall be effected by
(i) personal -delivery, (ii) first class mail, registered or certified, postage fully prepaid, or
(iii) reputable same -day or overnight delivery service that provides a receipt showing
date and time of delivery, addressed to the following parties, or to such other address
as any party may, from time to time, designate in writing in the manner as provided
herein:
To City: City of Evanston
Director of Community & Economic Development
2100 Ridge Avenue
Evanston, IL 60201
Telephone: 847.448.8100
With a copy to: City of Evanston
Attn: Corporation Counsel, W. Grant Farrar
2100 Ridge Avenue, Room 4400
Evanston, IL 60201
Telephone: 847.866.2937
To Peckish One: Peckish One, LLC
• 1028 Ashland
Evanston, Illinois 60202
Any written notice, demand or communication shall be deemed received immediately if
personally delivered or delivered by delivery service to the addresses above, and shall
be deemed received on the third day from the date it is postmarked if delivered by
registered or certified mail.
XV. DEFAULT; REMEDIES; DISPUTE RESOLUTION
a. Notice of Default.
In the event of failure by either party hereto substantially to perform any material
term or provision of this Agreement, the non -defaulting party shall have those
rights and remedies provided herein, provided that such non -defaulting party has
first provided to the defaulting party a written notice of default in the manner
required herein identifying with specificity the nature of the alleged default and
the manner in which said default may be satisfactorily be cured.
b. Cure of Default
Upon the receipt of the notice of default, the alleged defaulting party shall
promptly commence to cure, correct, or remedy such default within 90 days and
shall continuously and diligently prosecute such cure, correction or remedy to
completion.
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c. City Remedies; Repayment of Loan.
In the event of a material default by Peckish One of the terms of this Agreement
that has not been cured within the time frame set forth in Paragraph b above, the
City, at its option, may terminate this Agreement or may institute legal action in
law or in equity to cure, correct, or remedy such default, enjoin any threatened or
attempted -violation, or enforce the terms of this Agreement. In the event of a _
default by Peckish One that occurs after the City has disbursed any Grant funds,
the total of such disbursement(s), plus any accrued interest, shall become
immediately due and payable. All payments shall be first credited to accrued
interest, next to costs, charges, and fees which may be owing from time to time,
and then to principal. All payment shall be made in lawful money of the United
States. Payments shall be made to City at the address set forth in Article X
herein or at such other address as City may direct pursuant to notice delivered to
Peckish One in accordance with Article XIV.
d. Peckish One's Exclusive Remedies.
The parties acknowledge that the City would not have entered into this
Agreement if it were to be liable in damages under, or with respect to, this
Agreement or any of the matters referred to herein, including the Project, except
as provided in this Article. Accordingly, Peckish One shall not be entitled to •
damages or monetary relief for any breach of this Agreement by the City or
arising out of or connected with any dispute, controversy, or issue between
Peckish One and the City regarding this Agreement or any of the matters
referred to herein, the parties agreeing that declaratory and injunctive relief,
mandate, and specific performance shall be Peckish One's sole and exclusive
judicial remedies except for any willful misconduct of the City, or its respective
officers, officials, representatives, active employees, contractors or agents.
XVI. APPLICABLE LAW
The internal laws of the State of Illinois without regard to principles of conflicts of law
shall govern the interpretation and enforcement of this Agreement.
XVII. CONFLICT OF INTEREST
a. No member, official, or employee of the City shall have any personal interest,
direct or indirect, in this Agreement, nor shall any such member, official, or
employee participate in any decision relating to the Agreement which affects his
personal interests or the interests of any corporation, partnership, or association
in which he/she is, directly or indirectly, interested.
b. Peckish One warrants that it has not paid or given, and will not pay_or.give, any
third person any money or other consideration for obtaining this Agreement.
XVIII. NON -LIABILITY OF CITY OFFICIALS AND EMPLOYEES
No member, official, agent, legal counsel or employee of the City shall be personally
liable to the Peckish One, or any successor in interest in the event of any default or
breach by the City or for any amount which may become due to Peckish One or
successor or on any obligation under the terms of this Agreement unless such person
shall have acted outside the scope of his or her employment responsibilities. ___-
XIX. BINDING EFFECT
This Agreement, and the terms, provisions, promises, covenants and conditions hereof,
shall be binding upon and shall inure to the benefit of the parties hereto and their
respective heirs, legal representatives, successors and assigns.
XX. AUTHORITY TO SIGN
Peckish One hereby represents that the persons executing this Agreement on behalf of
Peckish One have full authority to do so and to bind Peckish One to perform pursuant to
the terms and conditions of this Agreement.
XXI. COUNTERPARTS .
• This Agreement may be executed by each party on a separate signature page, and
when the executed signature' pages are combined, shall constitute one single
instrument.
XXII. ENTIRE AGREEMENT, WAIVERS AND AMENDMENTS
a. This Agreement and the Exhibits and references incorporated into this
Agreement express all understandings - of the parties concerning the matters
covered in this Agreement. This Agreement integrates all of the terms and
conditions mentioned herein or incidental hereto, and supersedes all negotiations
or previous agreements between the parties with respect to all or any part of the
subject matter hereof.
b. All waivers of the provisions of this Agreement must be in writing and signed by
the appropriate authorities of the City or the Peckish One, and all amendments
hereto must be in writing and signed by the appropriate authorities of the City
and the Peckish One.
XXIII. NON -ASSIGNMENT
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Peckish One shall not assign the obligations under this Agreement, nor any monies due
or to become due, without the City's prior written approval, and Peckish One and_ --
Peckish One's proposed assignee's execution of an assignment and assumption •
agreement in a form approved by the City. Any assignment in violation of this paragraph
is grounds for breach of this Agreement, at the sole discretion of the City Manager. In
no event shall any putative assignment create a contractual relationship between the
City and any putative assignee.
XXIV. NO WAIVER
No failure of either the City or Peckish One to insist upon the strict performance by the -----
other of any covenant, term or condition of this Agreement, nor any failure to exercise
any right or remedy consequent upon a breach of any covenant, term, or condition of
this Agreement, shall constitute a waiver of any such breach or of such covenant, term
or condition. No waiver of any breach shall affect or alter this Agreement, and each and
every covenant, condition, and term hereof shall continue in full force and effect.
XXV. REPRESENTATIONS AND WARRANTIES BY THE CITY
The City represents and warrants that (i) it has good and sole title to the Property, (ii)
there are no liens existing against the title as of the date of the execution of this
Agreement, (iii) that if any liens are placed against the Property which are not caused by
Peckish One and are for actions that occurred prior to the execution of this Agreement,
the City will undertake good faiths effort to have those liens removed and (iv) the TIF
financing is available and appropriate for this Project and the City will make every effort
to have the financing as a TIF Project approved.
XXVI. RIGHT TO INSPECTION
Notwithstanding any other provision of this Agreement, Peckish One shall have the right
to inspect the Property for a period of seven (7) days following the execution of this
Agreement. If, as a result of the inspection, Peckish One is advised and determines that
the cost of bringing the Property up to all applicable use and building Codes exceeds
Two Hundred Thousand Dollars ($200,000), then Peckish One shall have the right to
terminate this Agreement by written notice to the City within fourteen (14) days of the
execution of this Agreement.
[SIGNATURES ON FOLLOWING PAGE]
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IN WITNESS WHEREOF, the Parties have signed this Agreement as of the date first
• written above.
THE CITY OF EVANSTON,
an Illinois home rule municipal corporation
By: —
Its: City Manager, Wally Bobkiewicz
PECKISH ONE LLC,
an Illinois limited liability company
By: A7N� C
Its: Manager, Jamie Evans
By:
Its: Manager, Debbie Mussell Evans
ATTACHMENT:
Exhibit A — Legal Description of Property
• Return this form to:
City of Evanston
Director Community & Economic Development
2100 Ridge Avenue
Evanston, IL 60201
•
as to form:
. -_.,-,''Unsel
Exhibit A
LEGAL DESCRIPTION OF PROPERTY
LOTS 7, 8 AND 9 IN BLOCK 1 IN NILES HOWARD TERMINAL ADDITION, BEING A
SUBDIVISION OF THE SOUTH 6.25 FEET CHAINS (412 '/2 FEET) OF THAT PART
OF THE NORTHEAST % OF SECTION 30, TOWNSHIP 41 NORTH, RANGE 14 EAST
OF THE THIRD PRINCIPAL MERIDIAN, LYING WEST OF THE RIGHT OF WAY OF
THE CHICAGO AND NORTH WESTERN RAILROAD COMPANY, IN COOK COUNTY,
ILLINOIS.
Common Address: 623-627 1/2 Howard Street, Evanston, Illinois
PIN: 11-30-209-025-0000
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EXHIBIT B
VANILLA BOX COST ESTIMATE
Gnviron
•
PROPOSED RESTAURANT
ARCHITECTS
Preliminary Project Construction Budget
Base Cost (Vanilla Box)
Prepared by: Douglas E. Lasch, AIA - Faith Environ Studio
623-627112 W. HOWARD STREET
For. PeckishOne LLC
EVANSTON, IL
February 18, 2013
1 SITE DEVELOPMENT & EXTERIOR
QUANTITY
UNIT COST
a.
Exterior Brick, Window, & Door Renovations
280 If
$75.00 $21,000.00
b.
New Signage
Allowance
$4,000.00 $4,000.00
Subtotal
$25,000.00
2 INTERIOR CONSTRUCTION:
a.
Asbestos Abatement
Allowance
$20,000.00 $20,000.00
b.
Interior Demolition
4,278 sf
$4.00 $17.112.00
C.
New Interior Remodeling - Drywall & Floor Repairs,
3,955 sf
$25.00 $98,875.00
prime paint coat
d.
New Interior Remodeling - Toilets
323 sf
$165.00 $53,295.00
e.
Misc. Patching & Repairs
Allowance
$5,000.00
Subtotal $194,282.00
3 Electrical
a.
Service Entrance: new 400 A 120/208 overhead
b.
New Subpanel: 200A 120/208V
C.
New Fire Alarm System
d.
HVAC connections
e.
General Lighting (minimal lighting, exterior
decorative lights, sign connection)
Allowance
$80,000.00
•
Subtotal
$80,000.00
4 HVAC
a.
(2) 7.5 ton RTU's
b.
(1) 5.0 ton RTU
C.
(1) 4.0 ton RTU
d.
(1) Make up air unit (approx. 6,000 cfm)
e.
(1) 6400 cfm Kitchen Exhaust (incl. black iron)
f.
(1) 750 cfm Dishwasher Exhaust
g.
(3) small Toilet Room Exhausts
h.
(3) 3 KW Cabinet Wall Heaters
i.
Natural gas piping for HVAC & Kitchen equipment
Allowance
$125,000.00
Subtotal
$125,000.00
CONSTRUCTION SUBTOTAL
$424,282.00
5 PERMITS & FEES
a.
Architectural/Engineering Fee
8.5%
$36,063.97
b.
Construction Permits & Fees
1.5%
$6,364.23
C.
General Contractor Overhead & Profit
10.0%
$42,428.20
d.
General Conditions
6.0%
$25,456.92
e
Legal Fees
Allowance
$10,000.00
Subtotal
$120,313.32
•
PRELIMINARY CONSTRUCTION BUDGET TOTAL
$544,595.32
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