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1985-046ORDINANCE NO. 85 -46 O AN ORDINANCE establishing Special Service Area Number Two of the Village of Buffalo Grove, Cook and Lake Counties, Illinois. 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 are 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 (the "Act "), and pursuant to the provisions of the Revenue Act of 1939 of the State of Illinois, as amended; and WHEREAS, it is in the public interest that the area hereinafter described be established as Special Service Area Number U a Two of the Village for the purpose set forth herein (the "Area "); 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 Area be established; and WHEREAS, it has heretofore been and it is hereby esti- mated that the cost of providing the Services will be $2,100,000; and WHEREAS, it is in the public interest that bonds in not to exceed the amount of $2,100,000 and secured by the full faith and credit of the Area be issued for the purpose of paying the cost of providing the,Services (the "Bonds "); 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 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; and -2- � a WHEREAS, the establishment of the Area was proposed by the President and Board of Trustees of the Village (the "Board ") pursuant to 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. duly adopted on the 15th day of July, 1985, and was considered at a public hearing held on the 5th day of August, 1985, by the Board (the "Hearing "); and WHEREAS, notice of the Hearing was 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; and WHEREAS, mailed notice of the Hearing was given by depositing 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 not less than ten (10) days prior to the time set for the Hearing, and in the event taxes for the last preceding year were not paid, the notice was sent to the person last listed on the tax rolls prior to that year as the owner of said property; and WHEREAS, said notice complied with all of the applicable provisions and requirements of the Act; and -3- � 4 WHEREAS, the Hearing was held on the 5th day of August, 1985, and all interested persons affected by the establishment of the Area or the issuance of the Bonds and the levy of the tax to pay the Bonds, including all owners of real estate located within the Area, were given an opportunity to be heard at the Hearing regarding the establishment of the Area and the issuance of the Bonds and the levy of said tax and an opportunity to file objections to the establishment of the Area or the issuance of the Bonds and the levy of said tax; and WHEREAS, at the Hearing, all interested persons affected by the Area were permitted to file with the Village Clerk of the Village written objections to and to be heard orally in respect to any issue embodied in the notice given of the Hearing; and WHEREAS, the Board has heard and considered all of the comments, objections, protests and statements made with regard to the Area and the Bonds and has determined and does hereby determine that it is in the public interest and in the interest of the Village and the Area that the Area be established: 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 the Hearing was finally adjourned on the 5th day of August, 1985. Section 3. That there have been no protests and objec- tions to the establishment of the Area or the issuance of the Bonds. -4- SECTION 4. lot Special Service Area Number 0 of the Village is hereby established in and for the Village and shall consist of the following described, territory: THAT PART OF THE EAST 1/Z OF THE SOUTHWEST 1/4 OF SECTION 3Z, 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 S AND 6 AND OF SUNDRY TRACTS OF LAND IN THE WEST 1/2 OF SAID SECTION 5, ALL IN TOWNSHIP 4Z NORTH, RANGE 11, 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. Z01Z5932, IN COOK COUNTY, ILLINOIS, BOUNDED BY A LINE DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE WEST LINE OF THE EAST 1/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/Z OF THE SOUTHWEST 1/4 OF SAID SECTION 3Z (THE WEST LINE OF THE EAST 1/Z 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 Z9, 1977 AS DOCUMENT NO. 1833466; THENCE NORTH 90 DEGREES 00 MINUTES 00 SECONDS EAST (DEED = NORTH 89 DEGREES S1 MINUTES 44 SECONDS EAST) ALONG A LINE AT RIGHT ANGLES TO THE WEST LINE OF THE EAST 1/Z OF THE SOUTHWEST 1/4 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), 120.00 FEET; THENCE NORTH 90 DEGREES 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 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, ZZO.00 FEET; " 55 06 1Z 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 Z5 MINUTES Z1 SECONDS EAST, 275.88 FEET); THENCE SOUTH 32 DEGREES 11 MINUTES OZ SECONDS WEST ALONG A LINE TANGENT TO SAID LAST DESCRIBED CURVED LINE AT SAID LAST DESCRIBED POINT, Z93.74 FEET TO AN.INTERSECTION WITH THE NORTHERLY LINE OF RELOCATED LAKE -COOK ROAD, 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/Z OF THE SOUTHWEST 1/4 OF SAID SECTION 3Z; 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 1/Z OF THE SOUTHWEST 1/4 OF SAID SECTION 32, 540.10 FEET TO THE PLACE OF BEGINNING. CONTAINING 854,OZO SQUARE FEET OR 19.606 ACRES. -5- CQ An accurate map of the Area being attached hereto and made a part hereof. Section 5. That the purpose of the establishment of the Area is to provide the Services to the 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 the services to be in and for the Area and all of said construction to be on existing public property or property to be acquired by the Village for such purpose. Section 6. That the Bonds in not to exceed the amount of $2,100,000 and secured by the full faith and credit of the Area are authorized to pay the cost of the Services, and the 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, and the 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 the Area for said period of not to exceed 20 years and to be unlimited as to rate or amount and in addition to all other taxes permitted by law. Section_ 7. That if a petition signed by at least 51% of the electors residing within the Area and by at least 51% of the owners of record of the lard included within the boundaries of the Area is filed with the Village Clerk of the Village within 60 days following the final adjournment of the Hearing objecting to the creation of the Area, the levy or imposition of a tax or M 4� CD the issuance of the Bonds for the provision of the Services to the Area, or to a proposed increase in the tax rate, no such Area may be created, or tax may be levied or imposed nor the rate increased, or no such Bonds may be issued. Section 8. 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 as provided by law. Adopted August 5, 1985. AYES: 4 - Marienthal, Glover, Reid, Kowalski NAYS: 0 - None ABSENT: 2 - O'Reilly, Shields Approved August 5, 1985. President, Village of W falo Grove, Cook and Lake C unties, Illinois Attest: Village C mrk, illage of Buffalo Grove, �oo`�k and Lake Counties, Illinois Recorded in the Village Records on August 5, 1985. -7- k a a 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 5th day of August, 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 L. Clayton , the President, and Trustees Marienthal, Glover, Reid, Kowalski The following Trustees were absent: O'Reilly, Shields Trustee Marienthal presented and tbia W411a .0 ^ Gleri _rea d in fll i i the following ordinance: Trustee Marienthal moved and Trustee Reid 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: 4 - Marienthal, Glover, Reid, Kowalski The following Trustees voted NAY: NONE ABSENT: O'Reilly, Shields 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 Pro Tem t i �' z 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 5th day of August, 1985, insofar as same relates to the adoption of Ordinance No.85 -46 entitled: _ AN ORDINANCE establishing Special Service Area Number Two of the Village of Buffalo Grove, Cook and Lake Counties, Illinois. a true, correct and complete 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 5th day of August , 1985, Village Clerk Pro Tem (SEAL) 0 i � 4 s ORDINANCE NO. 85 -46 AN ORDINANCE establishing Special Service Area Number Two of the Village of Buffalo Grove, Cook and Lake Counties, Illinois. 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 are 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 (the "Act "), and pursuant to the provisions of the Revenue Act of 1939 of the State of Illinois, as amended; and WHEREAS, it is in the public interest that the area hereinafter described be established as Special Service Area Number r V f f Two.of the Village for the purpose set forth herein (the "Area "); 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 Area be established; and WHEREAS, it has heretofore been and it is hereby esti- mated that the cost of providing the Services will be $2,100,000; and WHEREAS, it is in the public interest that bonds in not to exceed the amount of $2,100,000 and secured by the full faith and credit of the Area be issued for the purpose of paying the cost of providing the,Services (the "Bonds "); 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 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; and -2- i 1'•Y I , . L WHEREAS, the establishment of the Area was proposed by the President and Board of Trustees of the Village (the "Board ") pursuant to 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. duly adopted or. the 15th day of July, 1985, and was considered at a public hearing held on the 5th day of August, 1985, by the Board (the "Hearing "); and WHEREAS, notice of the Hearing was 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; and WHEREAS, mailed notice of the Hearing was given by depositing 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 not less than ter_ (10) days prior to the time set for the Hearing, and in the event taxes for the last preceding year were not paid, the notice was sent to the person last listed on the tax rolls prior to,that year as the owner of said property; and WHEREAS, said notice complied with all of the applicable provisions and requirements of the Act; and -3- f ` WHEREAS, the Hearing was held on the 5th day of August, 1985, and all interested persons affected by the establishment of the Area or the issuance of `the Bonds and the levy of the tax to pay the Bonds, including all owners of real estate located within the Area, were given an opportunity to be heard at the Hearing regarding the establishment of the Area and the issuance of the Bonds and the levy of said tax and an opportunity to file objections to the establishment of the Area or the issuance of the Bonds and the levy of said tax; and WHEREAS, at the Hearing, all interested persons affected by the Area were permitted to,file with the Village Clerk of the Village written objections to and to be heard orally in respect to any issue embodied in the notice given of the Hearing; and WHEREAS, the Board has heard and considered all of the comments, objections, protests and statements made with regard to the Area and the Bonds and has determined and does hereby determine that it is in the public interest and in the interest of the Village and the Area that the Area be established: 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 the Hearing was finally adjourned on the 5th day of August, 1985. Section 3. That there have been no protests and objec- tions to the establishment of the Area or the issuance of the Bonds. -4- � L t Section 4. That Special Service Area Number Two of the Village is hereby established in and for the Village and shall consist of the following'.described territory: THAT PART OF THE EAST 1/7 OF THE SOUTHWEST 1/4 OF SECTION 31, TOWNSHIP 43 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN LAKE COUNTY, ILLINOIS, TOGETHER WITH THAT PART OF OUTLOT "22" 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 42 NORTH, RANGE 11, 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 1/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 3Z 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 79, 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 (DEED - NORTH 44 DEGREES 51 MINUTES 44 SECONDS EAST), 1:0.00 FEET: !HENCE NOR(': 90 DECREES 00 MINUTES 00 SECONDS EAST (DEED - NORTH 89 DEGREES 51 MINUTES 44 SECONDS EAST), 180600 FEET; THENCE NORTH 4S 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 1 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 AT DEGREES 25 MINUTES 21 SECONDS EAST, 275.58 FEET); THENCE SOUTH 37 DEGREES 11 MINUTES 02 SECONDS WEST ALONG A LINE TANGENT TO SAID LAST DESCRIBED CURVED LINE AT. SAID LAST DESCRIBED POTNT, ?93.74 FEET TO AN INTERSE�IION WITH THE NORTHERLY LINE OF RELOCATED 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 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 -CDOK 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 112 OF THE SOUTHWEST 1/4 OF SAID SECTION 32; THENCE NORTH 00 DE(,REES 00 MINUTES 00 SECONDS EAST (DEED - NORTH 00 DEGREES 08 MINUTES 16 SECONDS WEST), ALONG THE WEST LINE OF THE EAST 112 OF THE SOUTHWEST 1/4 OF SAID SECTiUN 3l, 540.10 FEET TO THE PLACE OF BEGINNING. -5- An accurate map of the Area being attached hereto and made a part hereof. Section 5. That the.'purpose of the establishment of the Area is to provide the Services to the 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 the services to be in and for the Area and all of said construction to be on existing public property or property to be acquired by the Village for such purpose. Section 6. That the Bonds in not to exceed the amount of $2,100,000 and secured by the full faith and credit of the Area are authorized to pay the cost of the Services, and the 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, and the 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 the Area for said period of not to exceed 20 years and to be unlimited as to rate or amount and in addition to all other taxes permitted by law. Section_ 7. That if a petition signed by at least 51% of the electors residing within the Area and by at least 51% of the owners of record of the land included within the boundaries of the Area is filed with the Village Clerk of the Village within 60 days following the final adjournment of the Hearing objecting to the creation of the Area, the levy or imposition of a tax or :. the issuance of the Bonds for the provision of the Services to the Area, or to a proposed increase in the_tax rate, no such Area may be created, or tax may be levied or imposed nor the rate increased, or no such Bonds may be issued. Section 8. 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 as provided by law. Adopted August 5, 1985. AYES: 4 - Marienthal, Glover, Reid, Kowalski NAYS: 0 - None ABSENT. 2 - O'Reilly, Shields Approved August 5, 1985. President, Village of Wfalo Grove, Cook and Lake C unties, Illinois Attest: Village C4erk, Village of Buffalo Grove,r�ookm and'Lake Counties, Illinois Recorded in the Village Records on August 5, 1985. -7- R 0 J 0 >0 Lid uj N a Ic O N QWp >40 N �Z a z= OW IL LL N W O z J p O fj Z Inc In W �z i■■- Z> a� a� N Q W 0 N .a N Q W �ati;4��� ^Y -i ids WW 100 m S W' W O �««�i7�� i �q E �Q y� �y app yp� y, y� pQ$ y� p tD in J C O fA 44. 11 s� O ^ t �Mf F- 7MLf R yl t� 4i. 21 W Z G Q� y� s ' qr # IC C i 4 V_ 7 C v � t. MF-,. cD 6F-tn g��C. h2•OF ow1-Yl 6�li�'M YII�� O W JC •- 7 Zar .�Nr *Ci ly- �y�.�.1.,.'.�. W.S {�yMZ YWt~ �Cy C.ilAj tA. W O Syr ZW I7f 2 t•iZ. 1~- O ppp r=i cm N y ~i1� M t/! {WMy 1- C. C.+ m FWF P.- h� pWp� �y tL.� YJ.M u yt Z{� .. t0 0 Jd{� hN�IC U. WW0p��yy W tW��>= Mpt� t,� kwon cr.�J�Y �CtS -� t� W IR��E �. O C h Q M h l-• r ►. ©h a J O -- S1- F. 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