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1985-041e ORDINANCE NO. 85 -41 AN ORDINANCE proposing the establishment of Special Service Area Number Two of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, and the issuance of bonds to the amount of $2,100,000 for the purpose of paying the cost of providing special services in and for such Area. WHEREAS, pursuant to the provisions of Section 6(a) of Article VII of the 1970 Constitution of the State of Illinois (the "Constitution "), the Village of Buffalo Grove, Cook and Lake Counties, Illinois (the "Village "), has elected by referendum to become a home rule unit; and WHEREAS, special service areas arse established by home rule units pursuant to Part (2) of Section_ 6(1) of Article VII of the Constitution, which provides: The General Assembly may not deny or limit the power of home rule units . . . (2) to levy or impose additional taxes upon areas within their boundaries in the manner provided by law for the provision of special services to those areas and for the payment of debt incurred in order to provide those special services. and are established pursuant to the provisions of "AN ACT to provide the manner of levying or imposing taxes for the provision of special services to areas within the boundaries of home rule units and non -home rule municipalities and counties," approved September 21, 1973, as amended, and pursuant to the Revenue Act of 1939 of the State of Illinois, as amended; r WHEREAS, it is in the public interest that the establish- ment of the area hereinafter described as a special service area for the purpose set forth herein and to be designated as Special Service Area Number Two of the Village (the "Area ") be considered; and WHEREAS, the Area is compact and contiguous and is totally within the corporate limits of the Village; and WHEREAS, the Area will benefit specially from the municipal services to be provided (the "Services "), and the Ser- vices are unique and in addition to municipal services provided to the Village as a whole and it is, therefore, in the best interests of the Village that the establishment of the Area be considered; and WHEREAS, it is hereby estimated that the cost of providing the Services is $2,100,000; and WHEREAS, it is in the public interest that the issuance of bonds in not to exceed the amount of $2,100,000 and secured by the full faith and credit of the Area be considered for the purpose of paying the cost of providing the Services (the "Bonds "); and WHEREAS, the proceeds of the Bonds shall be used solely and only for Services for which the Village is authorized under the provisions of the Illinois Municipal Code, as amended, to levy taxes or special assessments or to appropriate the funds of the Village, all of the Services to be in and for the Area and all of the necessary construction to be on existing public property or property to be acquired by the Village; and WHEREAS, the Bonds shall be retired over a period not to exceed 20 years from the issuance thereof and shall bear interest at a rate or rates not to exceed 15% per annum; and -2- 0 0 WHEREAS, the Bonds shall be retired by the levy of a direct annual tax sufficient to pay the interest on the Bonds as the same comes due and to discharge the principal thereof at maturity; and WHEREAS, said direct annual tax shall be levied upon all taxable property within the Area for said period of not to exceed 20 years and shall be unlimited as to rate or amount and in addition to all other taxes permitted by law: NOW, THEREFORE, Be It Ordained by the President and Board of Trustees of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, as follows: Section 1. That the preambles of this ordinance are hereby incorporated into this text as if set out herein in full. Section 2. That a public hearing shall be held at 7:30 o'clock P.M., on the 5th day of August, 1985, at the Buffalo Grove Village Hall, 50 Raupp Boulevard, Buffalo Grove, Illinois (the "Hearing "), to consider the establishment of the Area in the territory, and for the purpose of providing the Services, described in the Notice of Public Hearing set forth in Section 4 hereof (the "Notice ") and to consider the issuance of the Bonds described in the Notice. Section 3. That notice of the Hearing shall be given by publication and mailing. Notice by publication shall be given by publication at least once not less than fifteen (15) days prior to the Hearing in The Buffalo Grove Daily Herald, the same being a newspaper published in and of general circulation within the Village. Notice by mailing shall be given by depositing the -3- 0 0 Notice in the United States mails addressed to the person or persons in whose name the general taxes for the last preceding year were paid on each lot, block, tract or parcel of land lying within the Area. The Notice shall be mailed not less than ten (10) days prior to the time set for the Hearing. In the event taxes for the last preceding year were not paid, the Notice shall be sent to the person last listed on the tax rolls prior to that year as the owner of said property. Section 4. That the Notice shall be in substantially the following form: NOTICE OF PUBLIC HEARING VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS SPECIAL SERVICE AREA NUMBER TWO NOTICE IS HEREBY GIVEN that on August 5, 1985, at 7:30 o'clock P.M., at the Buffalo Grove Village Hall, 50 Raupp Boulevard, Buffalo Grove, Illinois, a hearing will be held by the President and Board of Trustees of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, to consider the establishment of Special Service Area Number Two of said Village consisting of the following described territory: -4- 0 0 THAT PART OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF SECTION 32, TOWNSHIP 43 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN LAKE COUNTY, ILLINOIS, T06ETHER WITH THAT PART OF OUTLOT "ZZ" IN STRATHMORE IN BUFFALO GROVE UNIT I, BEING A RESUBOIVISION OF CERTAIN LOTS AND VACATED STREETS IN ARLINGTON HILLS IN BUFFALO GROVE, BEING A SUBDIVISION IN SECTIONS 5 AND 6 AND OF SUNDRY TRACTS OF LAND IN THE WEST 1/2 OF SAID SECTION S. ALL IN TOWNSHIP 4Z NORTH, RANGE II. EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT OF SAID STRATHMORE IN BUFFALO GROVE UNIT 1, RECORDED MAY 3, 1967 AS DOCUMENT NO. 20125932, IN COOK COUNTY, ILLINOIS, BOUNDED BY A LINE DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE WEST LINE OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF SAID SECTION 3Z, 590.00 FEET, AS MEASURED ALONG SAID WEST LINE, NORTH OF THE SOUTHWEST CORNER OF THE EAST i/Z OF THE SOUTHWEST 1/4 OF SAID SECTION 32 (THE WEST LINE OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF SAID SECTION 32 HAVING AN ASSUMED BEARING OF NORTH 00 DEGREES 00 MINUTES 00 SECONDS EAST FOR .THIS LEGAL DESCRIPTION: THE FOLLOWING FIVE COURSES ARE ALONG THE SOUTHERLY LINE OF THE LAND CONVEYED TO THE VILLAGE OF BUFFALO GROVE BY DEED RECORDED APRIL 29, 1977 AS DOCUMENT NO. 1833466; THENCE NORTH 90 DEGREES 00 MINUTES 00 SECONDS EAST (DEED - NORTH 89 DEGREES 51 MINUTES 44 SECONDS EAST) ALONG A LINE AT RIGHT ANGLES TO THE WEST LINE OF THE EAST 1/2 OF THE SOUTHWEST 114 OF SAID SECTION 32, 50.00 FEET; THENCE NORTH 45 DEGREES 00 MINUTES 00 SECONDS EAST (OFED - NORTH 44 DEGREES Si MINUTES 44 SECONDS EAST), 1:0.00 FEET; THENCE NOHTI: 90 DECREES 00 MINUTES 00 SECONDS EAST (DEED - NORTH 89 DEGREES 51 MINUTES 44 SECONDS EAST), 180.00 FEET; THENCE NORTH 45 DEGREES 00 MINUTES 00 SECONDS EAST (DEED • NORTH 44 DEGREES Si MINUTES 44 SECONDS EAST), 90.00 FEET; THENCE SOUTH 73 DEGREES 01 MINUTES 44 SECONDS EAST (DEED - SOUTH 73 DEGREES 10 MINUTES 00 SECONDS EAST), 585.00 FEET; THENCE SOUTH 55 DEGREES 01 MINUTES 44 SECONDS EAST (DEED - SOUTH 55 DEGREES 10 MINUTES 00 SECONDS EAST), 330'00 fEET; THENCE SOUTH 34 DEGREES 58 MINUTES 16 SECONDS WEST, 220.00 FEET: 55 .. ' 06 12 EAST, 63.09 " TO A POINT OF CURVATURE; THENCE SOUTHERLY ALONG A CURVED LINE CONVEX EASTERLY, HAVING A RADIUS OF 200.00 FEET AND BEING TANGENT TO SAID LAST DESCRIBED LINE AT SAID LAST DESCRIBED POINT, AN ARC DISTANCE OF 304.43 FEET TO A POINT OF TANGENCY (THE CHORD OF SAID ARC BEARS SOUTH 11 DEGREES 25 MINUTES 21 SECONDS EAST, 275.88 FEET); THENCE SOUTH 32 DEGREES 11 MINUTES 02 SECONDS WEST ALONG A LINE TANGENT TO SAID LAST DESCRIBED CURVED LINE AT SAID LAST DESCRIBED POINT, 293.74 FEET TO AN INTERSECTION WITH THE NORTHERLY LINE OF RELOCAIED LAKE -COOK kOAD, SAID NORTHERLY LINE BEING 50.00 FEET, AS MEASURED AT RIGHT ANGLES OR RADIALLY, NORTHERLY OF AND PARALLEL WITH OR CONCENTRIC WITH THE CENTER LINE OF SAID RELOCATED LAKE -COOK ROAD; THENCE NORTHWESTERLY ALONG THE NORTHERLY LINE OF SAID RELOCATED LAKE -COOK ROAD, BEING A CURVED LINE CONVEX SOUTHWESTERLY AND HAVING A RADIUS OF 1382.30 FEET, AN ARC DISTANCE OF 63.37 FEET TO A POINT OF TANGENCY IN SAID NORTHERLY LINE; THENCE NORTH SS DEGREES Ii MINUTES 14 SECONDS WEST ALONG THE NORTHERLY LINE OF RELOCATED LAKE -COOK ROAD, 186.75 FEET TO A POINT OF CURVATURE IN SAID NORTHERLY LINE, THENCE WESTERLY ALONG THE NORTHERLY LINE OF RELOCATED LAKE-COOK ROAD, BEING A CURVED LINE CONVEX NORTHERLY, HAVING A RADIUS OF 148:.39 FEET AND BEING TANGENT TO SAID LAST DESCRIBED LINE AT SAID LAST DESCRIBED POINT, AN ARC DISTANCE OF 880.45 FEET TO AN INTERSECTION WITH THE WEST LINE OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF SAID SECTION 32; THENCE NORTH 00 DEGREES 00 MINUTES 00 SECONDS EAST (DEED - NORTH 00 DEGREES 08 MINUTES 16 SECONDS UEST), ALONG THE WEST LINE OF THE EAST 111 OF THE SOUTHWEST 1/4 OF SAID SECiION 31, 540.10 FEET TO THE PLACE OF BEGINNING. -5- 0 0 Said territory is located approximately one- quarter of. a mile east of Arlington Heights Road on Lake -Cook Road and is generally bounded on the north by the Village of Buffalo Grove Golf Course, on the east by vacant land currently zoned as multi- family residential, on the south by Lake -Cook Road and on the west by the existing Buffalo Grove Business Park in said Village, and an accurate map of said territory is on file in the office of the Village Clerk of said Village and is available for public inspection. The purpose of the establishment of said Special Service Area Number Two is to provide special municipal services to said Special Service Area, including the construction of sewer and water improvements, streets, curbs, water distribution system and facilities, street lights, storm water retention lakes and landscaping, and design engineering /surveying, all of said services to be in and for said Special Service Area and all of said construc- tion to be on existing public property or property to be acquired by said Village. The issuance of bonds in not to exceed the amount of $2,100,000 and secured by the full faith and credit of said Special Service Area to pay the cost of the special municipal services hereinabove described will also be considered at said public hearing. Said bonds shall be retired over a period of not to exceed 20 years from the issuance thereof and shall bear interest at a rate or rates not to exceed 15% per annum. Such bonds, if issued, shall be retired by the levy of a direct annual tax sufficient to pay the principal and interest thereon, said tax to be levied upon all the taxable property within said Special Service Area for said period of not to exceed 20 years and to be -6- 0 C] unlimited as to rate or amount and in addition to all other taxes permitted by law. All interested persons affected by the establishment of said Special Service Area Number Two or the issuance of said bonds and the levy of said tax, including all owners of real estate located within said Special Service Area, will be given an opportunity to be heard at said hearing regarding the establishment of said Special Service Area and the issuance of said bonds and the levy of said tax and an opportunity to file objections to the establishment of said Special Service Area or the issuance of said bonds and the levy of said tax. At said public hearing, any interested persons affected by said proposed Special Service Area may file with the Village Clerk of said Village written objections to and may be heard orally in respect to any issues embodied in this notice. The President and Board of Trustees of said Village shall hear and determine all protests and objections at said hearing, and said hearing may be adjourned to another date without further notice other than a motion to be entered upon the minutes fixing the time and place of its adjournment. If a petition signed by at least.51% of the electors residing within said Special Service Area Number Two and by at least 51% of the owners of record of the land included within the boundaries of said Special Service Area is filed with the Village Clerk of said Village within 60 days following the final adjournment of said public hearing objecting to the creation of said Special Service Area, the levy or imposition of a tax or -7- 0 yj the issuance of bonds for the provision of special services to said Special Service Area, or to a proposed increase in the tax rate, no such Special Service Area may be created, or tax may be levied or imposed nor the rate increased, or no such bonds may be issued. By order of the President and Board of Trustees of the Village of Buffalo Grove, Cook and Lake Counties, Illinois. DATED this 15th day of July, 1985. Villag Jerk, Village of Buffalo Grove, Cook and Lake Counties, Illinois Section 5. That all ordinances, orders and resolutions and parts thereof in conflict herewith be and the same are hereby repealed, and that this ordinance be in full force and effect forthwith upon its adoption and approval. Adopted July 15, 1985. AYES: 6 - Marienthal, O'Reilly, Glover, Reid, Shields, Kowalski NAYS: 0 - None ABSENT: 0 - None Approved July 15, 1985. resident, Village o uffalo Grove, Cook and Lake Counties, Illinois 0 0 Attest: TR - Village ClerW, Village of Buffalo Grove, Cook and Lake Counties, Illinois Recorded in the Village Records on July 15, 1985. ®" 0 0 STATE OF ILLINOIS ) ) SS COUNTY OF COOK ) CERTIFICATION OF MINUTES I, the undersigned, do hereby certify that I am the duly qualified and acting Village Clerk of the Village of Buffalo Grove, Cook.and Lake Counties, Illinois (the "Village "), and that as such official I am the keeper of the records and files of the President and Board of Trustees of the Village (the "Board "). I do further certify that the foregoing is a full, true and complete transcript of that portion of the minutes of the meeting of the Board held on the 15th day of July, 1985, insofar as same relates to the adoption of Ordinance No. 85 -41 entitled: AN ORDINANCE proposing the establishment of Special Service Area Number Two of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, and the issuance of bonds to the amount of $2,100,000 for the purpose of paying the cost of providing special services in and for such Area. a true, correct and complte copy of which said ordinance as adopted at said meeting appears in the foregoing transcript of the minutes of said meeting. I do further certify that the deliberations of the Board on the adoption of said ordinance were conducted openly, that the vote on the adoption of said ordinance was taken openly, that said meeting was held at a specified time and place convenient to the public, that notice of said meeting was duly given to all newspapers, radio or television stations and other news media requesting such notice, that said meeting was called and held in strict compliance with the provisions of the Open Meetings Act of the State of Illinois, as amended, and "AN ACT to provide the manner of levying or imposing taxes for the provision of special services to areas within the boundaries of home rule units and non -home rule municipalities and counties," approved September 21, 1973, as amended, and that the Board has complied with all of the provisions of said Acts and with all of the procedural rules of the Board. IN WITNESS WHEREOF, I hereunto affix my official signature and the seal of the Village, this 16th day of July , 1985. (SEAL) Village Clerk ME MINUTES of a regular public meeting of the President and Board of Trustees of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, held at 50 Raupp Boulevard, Buffalo Grove, Illinois, in said Village at 7 :30 o'clock P.M., on the 15th day of July, 1985. The President called the meeting to order and directed the Village Clerk to call the roll. Upon roll call, the following answered present: Verna Clayton the President and Trustees: Marienthal, O'Reilly, Glover, Reid, Shields, Kowalski The following Trustees were absent: Trustee Marienthal presented and the Village Clerk read in full the following ordinance: 00 ob Trustee Marienthal moved and Trustee O'Reilly seconded the motion that said ordinance as presented and read by the Village Clerk be adopted. After a full discussion thereof, the President directed that the roll be called for a vote upon the motion to adopt said ordinance as read. Upon the roll being called, the following Trustees voted AYE: 6 - Marienthal, O'Reilly, Glover, Reid, Shields, Kowalski The following Trustees voted NAY: 0 - None Whereupon the President declared the motion carried and said ordinance adopted, approved and signed the same in open meeting and directed the Village Clerk to record the same in full in the records of the President and Board of Trustees of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, which was done. Other business not pertinent to the adoption of said ordinance was duly transacted at the meeting. Upon motion duly made, seconded and carried, the meeting was adjourned. Village Clerk STATE OF ILLINOIS ) COUNTY OF COOK ) E_X�] SS CERTIFICATION OF MINUTES I, the undersigned, do hereby certify that I am the duly qualified and acting Village Clerk of the Village of Buffalo Grove, Cook and Lake Counties, Illinois (the "Village "), and that as such official I am the keeper of the records and files of the President and Board of Trustees of the Village (the "Board "). I do further certify that the foregoing is a full, true and complete transcript of that portion of the minutes of the meeting of the Board held on the 15th day of July, 1985, insofar as same relates to the adoption of Ordinance No. 85 -40 entitled: AN ORDINANCE proposing the establishment of Special Service Area Number One of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, and the issuance of bonds to the amount of $4,750,000 for the purpose of paying the cost of providing special services in and for such Area. a true, correct and complte copy of which said ordinance as adopted at said meeting appears in the foregoing transcript of the minutes of said meeting. I do further certify that the deliberations of the Board on the adoption of said ordinance were conducted openly, that the vote on the adoption of said ordinance was taken openly, that said meeting was held at a specified time and place convenient to the public, that notice of said meeting was duly given to all newspapers, radio or television stations and other news media requesting such notice, that said meeting was called and held in strict compliance with the provisions of the Open. Meetings Act of the State of Illinois, as amended, and "AN ACT to provide the manner of levying or imposing taxes for the provision of special services to areas within the boundaries of home rule units and non -home rule municipalities and counties," approved September 21, 1973, as amended, and that the Board has complied with all of the provisions of said Acts and with all of the procedural rules of the Board. IN WITNESS WHEREOF, I hereunto affix my official signature and the seal of the Village, this 16th day of July , 1985. Village Clerk (SEAL) 0 00 MINUTES of a regular public meeting of the President and Board of Trustees of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, held at 50 Raupp Boulevard, Buffalo Grove, Illinois, in said Village at 7:30 o'clock P.M., on the 15th day of July, 1985. The President called the meeting to order and directed the Village Clerk to call the roll. Upon_ roll call, the following answered present: Verna Clayton the President and Trustees • Marienthal, O'Reilly, Glover, Reid, Shields, Kowalski The following Trustees were absent: Trustee Marienthal presented and the Village Clerk read in full the following ordinance: @0 Trustee Marienthal moved and Trustee O'Reilly seconded the motion that said ordinance as presented and read by the Village Clerk be adopted. After a full discussion thereof, the President directed that the roll be called for a vote upon the motion to adopt said ordinance as read. Upon the roll being called, the following Trustees voted AYE: 6 - Marienthal, O'Reilly, Glover, Reid, Shields, Kowalski The following Trustees voted NAY: 0 - None Whereupon the President declared the motion carried and said ordinance adopted, approved and signed the same in open meeting and directed the Village Clerk to record the same in full in the records of the President and Board of Trustees of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, which was done. Other business not pertinent to the adoption of said ordinance was duly transacted at the meeting. Upon motion duly made, seconded and carried, the meeting was adjourned. Village Clerk VILLAGE OF BUFFALO GROVE ORDINANCE NO. .95- `1`/ ADOPTED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE THIS 15 DAY OF 19 Published in pamphlet form by authority of the President and Board of Trustees of the Village of Buffalo Grove, Cook & Lake Counties, Illinois, this I"- day of , 19�Z. Village Clerk ORDINANCE NO. 85 -41 AN ORDINANCE proposing the establishment of Special Service Area Number Two of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, and the issuance of bonds to the amount of $2,100,000 for the purpose of paying the cost of providing special services in and for such Area. WHEREAS, pursuant to the provisions of Section 6(a) of Article VII of the 1970 Constitution of the State of Illinois (the "Constitution "), the Village of Buffalo Grove., Cook and Lake Counties, Illinois (the "Village "), has elected by referendum to become a home rule unit; and WHEREAS, special service areas arse established by home rule units pursuant to Part (2) of Section_ 6(1) of Article VII of the Constitution, which provides: The General Assembly may not deny or limit the power of home rule units . . . (2) to levy or impose additional taxes upon areas within their boundaries in the manner provided by law for the provision of special services to those areas and for the payment of debt incurred in order to provide those special services. and are established pursuant to the provisions of "AN ACT to provide the manner of levying or imposing taxes for the provision of special services to areas within the boundaries of home rule units and non -home rule municipalities and counties," approved September 21, 1973, as amended, and pursuant to the Revenue Act of 1939 of the State of Illinois, as amended; t ORDINANCE NO. 85 -41 AN ORDINANCE proposing the establishment of Special Service Area Number Two of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, and the issuance of bonds to the amount of $2,100,000 for the purpose of paying the cost of providing special services in and for such Area. WHEREAS, pursuant to the provisions of Section 6(a) of Article VII of the 1970 Constitution of the State of Illinois (the "Constitution "), the Village of Buffalo Grove., Cook and Lake Counties, Illinois (the "Village "), has elected by referendum to become a home rule unit; and WHEREAS, special service areas arse established by home rule units pursuant to Part (2) of Section_ 6(1) of Article VII of the Constitution, which provides: The General Assembly may not deny or limit the power of home rule units . . . (2) to levy or impose additional taxes upon areas within their boundaries in the manner provided by law for the provision of special services to those areas and for the payment of debt incurred in order to provide those special services. and are established pursuant to the provisions of "AN ACT to provide the manner of levying or imposing taxes for the provision of special services to areas within the boundaries of home rule units and non -home rule municipalities and counties," approved September 21, 1973, as amended, and pursuant to the Revenue Act of 1939 of the State of Illinois, as amended; WHEREAS, it is in the public interest that the establish- went of the area hereinafter described as a special service area for the purpose set forth herein and to be designated as Special Service Area Number Two of the Village (the "Area ") be considered; and WHEREAS, the Area is compact and contiguous and is totally within the corporate limits of the Village; and -WHEREAS, the Area will benefit specially from the municipal services to be provided (the "Services "), and the Ser- vices are unique and in addition to municipal services provided to the Village as a whole and it is, therefore, in the best interests of the Village that the establishment of the Area be considered; and WHEREAS, it is hereby estimated that the cost of providing the Services is $2,100,000; and WHEREAS, it is in the public interest that the issuance of bonds in not to exceed the amount of $2,100,000 and secured by the full faith and credit of the Area be considered for the purpose of paying the cost of providing the Services (the "Bonds "); and WHEREAS, the proceeds of the Bonds shall be used solely and only for Services for which the Village is authorized under the provisions of the Illinois Municipal Code, as amended, to levy taxes or special assessments or to appropriate the funds of the Village, all of the Services to be in and for the Area and all of the necessary construction to be on existing public property or property to be acquired by the Village; and WHEREAS, the Bonds shall be retired over a period not to exceed 20 years from the issuance thereof and shall bear interest at a rate or rates not to exceed 15% per annum; and -2- WHEREAS, the Bonds shall be retired by the levy of a direct annual tax sufficient to pay the interest on the Bonds as the same comes due and to discharge the principal thereof at maturity; and WHEREAS, said direct annual tax shall be levied upon all taxable property within. the Area for said period of not to exceed 20 years and shall be unlimited as to rate or amount and in addition to all other taxes permitted by law: NOW, THEREFORE, Be It Ordained by the President and Board of Trustees of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, as follows: Section 1. That the preambles of this ordinance are hereby incorporated into this text as if set out herein in full. Section_ 2. That a public hearing shall be held at 7:30 o'clock P.M., on the 5th day of August, 1985, at the Buffalo Grove Village Hall, 50 Raupp Boulevard, Buffalo Grove, Illinois (the "Hearing"), to consider the establishment of the Area in the territory, and for the purpose of providing the Services, described in the Notice of Public Hearing set forth in Section_ 4 hereof (the "Notice ") and to consider the issuance of the Bonds described in the Notice. Section 3. That notice of the Hearing shall be given by publication and mailing. Notice by publication shall be given by publication at least once not less than fifteen (15) days prior to the Hearing in The Buffalo Grove Daily Herald, the same being a newspaper published in and of general circulation within the Village. Notice by mailing shall be given by depositing the -3- Notice in the United States mails addressed to the person or persons in whose name the general taxes for the last preceding year were paid on each lot, block, tract or parcel of land lying within the Area. The Notice shall be mailed not less than ten (10) days prior to the time set for the Hearing. In the event taxes for-the last preceding year were not paid, the Notice shall be sent to the person last listed on the tax rolls prior to that year as the owner of said property. Section 4. That the Notice shall be in substantially the following form: NOTICE OF PUBLIC HEARING VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS SPECIAL SERVICE AREA NUMBER TWO NOTICE IS HEREBY GIVEN that on August 5, 1985, at 7:30 o'clock P.M., at the Buffalo Grove Village Hall, 50 Raupp Boulevard, Buffalo Grove, Illinois, a hearing will be held by the President and Board of Trustees of the Village of Buffalo Grove, Cook and Lake Counties, Illinois, to consider the establishment of Special Service Area Number Two of said Village consisting of the following described territory: -4- THAT PART OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF SECTION 32, TOWNSHIP 43 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN LAKE COUNTY, ILLINOIS, TOGETHER WITH THAT PART OF OUTLOT "ZZ" IN STRATHMORE IN BUFFALO GROVE UNIT 1, BEING A RESUBDIVISION OF CERTAIN LOTS AND VACATED STREETS IN ARLINGTON HILLS IN BUFFALO GROVE, BEING A SUBDIVISION IN SECTIONS 5 AND 6 AND OF SUNDRY TRACTS OF LAND IN THE WEST 1/2 OF SAID SECTION S. ALL IN TOWNSHIP 4Z NORTH, RANGE I1, EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT OF SAID STRATHMORE IN BUFFALO GROVE UNIT I. RECORDED MAY 3, 1967 AS DOCUMENT NO. 20125932, IN COOK COUNTY. ILLINOIS, BOUNDED BY A LINE DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE WEST LINE OF THE EAST i/Z OF THE SOUTHWEST 1/4 OF SAID SECTION 32, 590.00 FEET, AS MEASURED ALONG SAID WEST LINE, NORTH OF THE SOUTHWEST CORNER OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF SAID SECTION 32 (THE WEST LINE OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF SAID SECTION 32 HAVING AN ASSUMED BEARING OF NORTH 00 DEGREES 00 MINUTES 00 SECONDS EAST FOR THIS LEGAL DESCRIPTIONI THE FOLLOWING FIVE COURSES ARE ALONG THE SOUTHERLY LINE OF THE LAND CONVEYED TO THE VILLAGE OF BUFFALO GROVE BY DEED RECORDED APRIL 29. 1977 AS DOCUMENT NO. 1833466; THENCE NORTH 90 DEGREES 00 MINUTES 00 SECONDS EAST (DEED - NORTH 89 DEGREES 51 MINUTES 44 SECONDS EAST) ALONG A LINE AT RIGHT ANGLES TO THE WEST LINE OF THE EAST 1/2 OF THE SOUTHWEST 114 OF SAID SECTION 3Z, 50.00 FEET; THENCE NORTH 45 DEGREES 00 MINUTES 00 SECONDS EAST (DEED - NORTH 44 DEGREES 51 MINUTES 44 SECONDS EAST), 1.0.00 FEET: IHENCF NOHP: 90 DEGREES 00 MINUTES 00 SECONDS EAST (DEED - NORTH 89 DEGREES 51 MINUIES 44 SECONDS EAST), 180.00 FEET; THENCE NORTH 45 DEGREES 00 MINUTES 00 SECONDS EAST (DEED - NORTH 44 DEGREES 51 MINUTES 44 SECONDS EAST), 90.00 FEET; THENCE SOUTH 73 DEGREES 01 MINUTES 44 SECONDS EAST (DEED - SOUTH 73 DEGREES 10 MINUTES 00 SECONDS EAST), 585.00 FEET; THENCE SOUTH 55 DEGREES 01 MINUTES 44 SECONDS EAST (DEED - SOUTH 55 DEGREES 10 MINUTES 00 SECONDS EAST), 330.00 FEET: THENCE SOUTH 34 DEGREES 58 MINUTES 16 SECONDS WEST, 220.00 FEET; " 55 " 1 06 12 EAST, 63.09 •' TO A POINT OF CURVATURE; THENCE SOUTHERLY ALONG A CURVED LINE CONVEX EASTERLY, HAVING A RADIUS OF 200.00 FEET AND BEING TANGENT TO SAID LAST DESCRIBED LINE AT SAID LAST DESCRIBED POINT, AN ARC DISTANCE OF 304.43 FEET TO A POINT OF TANGENCY (THE CHORD OF SAID ARC BEARS SOUTH 11 DEGREES 25 MINUTES 21 SECONDS EAST, 275.88 FEET); THENCE SOUTH 32 DEGREES 11 MINUTES 02 SECONDS WEST ALONG A LINE TANGENT TO SAID LAST DESCRIBED CURVED LINE AT SAID LAST DESCRIBED POIN1, 2'3.74 FEE? TO AN INTERSE�110N WITH THE NORTHERLY LINE OF RELOCATED LAKE -COOK kUAD, SAID NORTHERLY LINE BEING 50.00 FEET, AS MEASURED AT RIGHT ANGLES OR RADIALLY, NORTHERLY OF AND PARALLEL WITH OR CONCENTRIC WITH THE CENTER LINE OF SAID RELOCATED LAKE -COOK ROAD; THENCE NORTHWESTERLY ALONG THE NORTHERLY LINE OF SAID RELOCATED LAKE-COOK ROAD, BEING A CURVED LINE CONVEX SOUTHWESTERLY AND HAVING A RADIUS OF 1382.30 FEET, AN ARC DISTANCE OF 63.37 FEET TO A POINT OF TANGENCY IN SAID NORTHERLY LINE; THENCE NORTH 55 DEGREES 11 MINUTES 14 SECONDS WEST ALONG THE NORTHERLY LINE OF RELOCATED LAKE-COOK ROAD, 186.75 FEET TO A POINT OF CURVATURE IN SAID NORTHERLY LINE; THENCE WESTERLY ALONG THE NORTHERLY LINE OF RELOCATED LAKE -COOK ROAD, BEING A CURVED LINE CONVEX NORTHERLY, HAVING A RADIUS OF 1482.39 FEET AND BEING TANGENT TO SAID LAST DESCRIBED LINE AT SAID LAST DESCRIBED POINT; AN ARC DISTANCE OF 880.45 FEET TO AN INTERSECTION WITH THE WEST LINE OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF SAID SECTION 32; THENCE NORTH 00 DEGREES 00 MINUTES 00 SECONDS EAST (DEED - NORTH 00 DEGREES 08 MINUTES 16 SECONDS WEST), ALONG THE WEST LINE OF THE EAST 111 OF THE SOUTHWEST 1/4 OF SAID SECIIUN 31, 540.10 FEET TO THE PLACE OF BEGINNING. -5- Said territory is located approximately one - quarter of, a mile east of Arlington Heights Road on Lake -Cook Road and is generally bounded on the north by the Village of Buffalo Grove Golf Course, on the east by vacant land currently zoned as multi - family residential, on the south by Lake -Cook Road and on the west by the existing Buffalo Grove Business Park in said Village, and an accurate7 map of said territory is on file in the office of the Village Clerk of said Village and is available for public inspection. The purpose of the establishment of said Special Service Area Number Two is to provide special municipal services to said Special Service Area, including the construction of sewer and water improvements, streets, curbs, water distribution system and facilities, street lights, storm water retention lakes and landscaping, and design engineering /surveying, all of said services to be in and for said Special Service Area and all of said construc- tion_ to be on existing public property or property to be acquired by said Village. The issuance of bonds in not to exceed the amount of $2,100,000 and secured by the full faith and credit of said Special Service Area to pay the cost of the special municipal services hereinabove described will also be considered at said public hearing. Said bonds shall be retired over a period of not to exceed 20 years from the issuance thereof and shall bear interest at a rate or rates not to exceed 15% per annum. Such bonds, if issued, shall be retired by the levy of a direct annual tax sufficient to pay the principal and interest thereon, said tax to be levied upon all the taxable property within said Special Service Area for said period of not to exceed 20 years and to be -6- unlimited as to rate or amount and in addition to all other taxes permitted by law. All interested persons affected by the establishment of said Special Service Area Number Two or the issuance of said bonds and the levy of said tax, including all owners of real estate located within said Special Service Area, will be given an opportunity to be heard at said hearing regarding the establishment of said Special Service Area and the issuance of said bonds and the levy of said tax and an opportunity to file objections to the establishment of said Special Service Area or the issuance of said bonds and the levy of said tax. At said public hearing, any interested persons affected by said proposed Special Service Area may file with the Village Clerk of said Village written objections to and may be heard orally in respect to any issues embodied in this notice. The President and Board of Trustees of said Village shall hear and determine all protests and objections at said hearing, and said hearing may be adjourned to another date without further notice other than a motion to be entered upon the minutes fixing the time and place of its adjournment. If a petition signed by at least.51% of the electors residing within said Special Service Area Number Two and by at least 51% of the owners of record of the land included within the boundaries of said Special Service Area is filed with the Village Clerk of said Village within 60 days following the final adjournment of said public hearing objecting to the creation of said Special Service Area, the levy or imposition of a tax or -7- v r the issuance of bonds for the provision of special services to said Special Service Area, or to a proposed increase in the tax rate, no such Special Service Area may be created, or tax may be levied or imposed nor the rate increased, or no such bonds may be issued. By order of the President and Board of Trustees of the Village of Buffalo Grove, Cook and Lake Counties, Illinois. DATED this 15th day of July, 1985. c� LM & Villag Jerk, Village of Buffalo Grove, Cook and Lake Counties, Illinois Section. 5. That all ordinances, orders and resolutions and parts thereof in conflict herewith be and the same are hereby repealed, and that this ordinance be in full force and effect forthwith upon its adoption and approval. Adopted July 15, 1985. AYES: 6 - Marienthal, O'Reilly, Glover, Reid, Shields, Kowalski NAYS: 0 - None ABSENT: 0 - None Approved July 15, 1985. President, Village ot,,Buffalo Grove, Cook and Lake Counties, Illinois r ' Attest: Village Clerl, Village of Buffalo Grove, Cook and Lake Counties, Illinois Recorded in the Village Records on July 15, 1985.