HomeMy Public PortalAboutProgram Explanation Updated 6/24/05 H:\Village Web Site\Explanation of Recapture Program 6-24-05.doc Explanation of Recapture Program I NTRODUCTION Village policy allows recapture when an im provement will benefit other properties. Any recapture request is subject to Village a pproval (Village Engineer and Village Board). R ECAPTUREABLE I TEMS Generally water, sanitary sewer, and roadway im provements could be reca ptured if the extent of the project includes oversizing, off-site impr ovements, and/or onsite improvements that will benefit other properties. Legitimate line items of recapture may include actual construction cost, incidental fees (engineeri ng, legal, and administrative), and easement acquisition. There are several categories of recapture on actual cons truction costs. Category 1: Typically, the Village permits recapture of all of the construction cost if the act ual cost is less than 5% of the original/approved Enginee r’s Opinion of Probable Cost (EOPC). Category 2: If the actual cost exceeds 5% of the original/approve d design Engineer’s Opinion of Probable Cost (EOPC). For Category 2 a written explanation must be submitted explaining why the costs exceed the EOPC. The explanation will be reviewed by the Village to de termine if the additional cost is allowable for recapture. Category 3 : Costs in excess of 10% of the orig inal/approved design EOPC cannot be recaptured. Incidental fees may include engineering, legal, and administrative fees. Any part of these fees exceeding 10% of the actual construction cost are not recaptureable. P ROCESS Any developer or person performing a recaptu reable improvement must identify those items that will be considered for recapt ure on the submitted Engineer’s Op inion of Probable Cost (EOPC). At that point, or prior to that, the developer must submit a written request for recapture to the Village along with a completed Standard Recapture Agreement (available at http://www.plainfield-il.org/dept_planning.htm ). The Village will review the appl ication and indicate if revisions are needed and when the Agreement will be sche duled for Village Board consideration. Any improvement started prior to adoption ca nnot be guaranteed recapture rights. After an Agreement is adopted and signed, th e developer may proceed with recaptureable improvements. The developer has sixty (60) da ys upon completion to file certified costs. A certification application can be found at http://www.plainfield-il.org/dept_planning.htm . Should the developer fail to file for certifi cation within 60 days, the Agreemen t shall become null and void. Because roadway improvements may occur in st ages, the Village permits their certification in two phases. The first phase may include excavati on, sub-base, base course, binder course, curb and gutter, sidewalk and storm sewer. Phase two enco mpasses all remaining improvements not included with Phase 1, which may be final surface course, striping, and lighting. Water and sanitary sewer certification will occur in one phase: at completion. C ONTACT For more information, questions regarding reca pture, or to submit a request, please contact: Jonathan Proulx, AICP, Planner II Community Development Department 24000 W. Lockport St. Plainfield, IL 60544 (815) 439-2824