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1989-075 RECORDER Ctj,'1 . LAKE I . IILLINOPS 0 OCT 24 PH P 06 STATE OF ILLINOIS S. COUNTIES OF COOK & LAKE 1 , JANET M. SIRABIAN , hereby certify that I am the duly elected, qualified and acting VILLAGE CLERK of the Village of Buffalo Grove, Counties of Cook and Lake, Illinois, and the keeper of its seal and records. I hereby further certify that the attached is a true copy of Ordinance No. AQ-75 adopted on the 16th day of October I 19 89, by the Village Board of the Village of Buffalo Grove as shown by the records in my custody. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the Village of Buffalo Grove aforesaid, at said Village, in the County and State aforesaid, this 19th day of October 19 Village Clerk By VA-)[.L AA Deputy Village/Clerk 2844-17,3 ORDINANCE NO® 9- 75 AN ORDINANCE PROVIDING FOR THE RECOUP NT OF ADVANCES FOR CONSTRUCTION OF A TRAFFIC SIGNAL AT APTAISIC ROAD AND BUFFALO GROVE ROAD WHEREAS, the Village of Buffalo Grove is a Home Rule Unit by virtue of the Illinois Constitution of 1970; and, WHEREAS, the Village of Buffalo Grove, Cools and Lake Counties, Illinois, hereinafter referred to as "Village", and The Sale Group, hereinafter referred to as "Developer", have agreed that inasmuch as the signal improvement, when constructed, would benefit neighboring properties not owned by the Developer, and that the Developer should recover a proportionate amount of the cost of construction from the benefited owner, and; WHEREAS, the property benefited, as shown on Exhibit "A" attached hereto and made part hereof, is described as follows: The West 1/2 of the Southwest Quarter of Section 21, Township 43 North, Range 11 East, of the Third Principal Meridian, excepting therefore that portion of the Commonwealth Edison right-of-way lying therein, Lake County, Illinois. WHEREAS, it is estimated that the cost of the improvement is $150,000®00 and; WHEREAS, it is agreed that the Developer's share is fifty percent (50%) , estimated to be $75,000.00, and the amount to be recaptured is estimated to be $75,000®00® 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 1m That the foregoing preamble is hereby made a part hereof. SECTION 2. The final cost of the project shall be submitted and approved by the Village Engineer. SECTION 3. No person, firm or corporation as owner of, or party interested in, or any contractor, agent or other representatives of such owners or party interested in the property set forth above shall annex any of such property to the Village, or connect to any roads under the Village's control, directly or indirectly without having first obtained a permit from the Village. No permit or annexation involving property within the foregoing legal description shall be issued or approved unless the applicant shall pay at the time of issuance of permit or annexation ordinance the recapture amount plus interest from date of this Ordinance to the date of payment pursuant to this Ordinance® The interest rate shall be at an annual rate of 6% from the date of this Ordinance® SECTION 4® All monies collected from the applicant for such permit shall be remitted to Buffalo Grove who shall immediately forward same to Developer. An additional five percent (5%) shall be collected which sum shall be retained by the Village as the cost of collection® SECTION 5® Any person, firm or corporation being the owners of any parties interested in any property herein above described or any contractor, agent or representative of such person, firm or corporation making any connection with the above Roadway without first making application and paying the amount required shall be subject to a fine of not less than $50.00 or more than $500.00 upon conviction thereof, and the Village shall have the right to enter on the property without notice or permission and remove all such connections so made. SECTION 6® This Ordinance shall be in full force and effect from and after its passage, approval and publication according to law. AYES: 6 - Marienthal. Glover. Reid. Shifrin_. mnthinq- nimni I P17 SAVES: 0 - None ABSENT: 0 - None PASSED: October 16 1989 APPROVED: October 16 1989 PUBLISHED: October 17 1989 APPROVFD: L ATTEST: Vill-age President Village"Clerk, -2- '°" raioi+i.. a+e s� � +Jf•11l; !cv�rc/r :yi.�rra �1C3,2.� .,,R giyr AV 7 • 1 t3 � t � ±w.si ya � rte=l C,� , ..i a n F +.3l Lyirr',' J ddea�a 77 s. 7 LF oav 31wwo 0 .r + i�r r 4C• L �y Fi i •. $� ! nY IL 9e40 E[1S © rer� !ten f s +" � � -tar � ��'ps"'� � •:.� tai r+ TJ •.� r-, % � ;v I mr�w� 3SY �.V J�yL�r! S ( _ Y it°'nO /w+vrs Lyv is X- •e ._Y • .J>�.�i rr �r r''y!''i4 S t}I Y dLV .w i 3� H .Z:. l 1. .�.,,•� NI; VT If � '• .:: • mrt g-.7c e 7 Ta im Ps rsdrr,s OP ±[ °W r �] `{ 7 :: : :: { 'E: S32l7r r°w., u+ O-P i 'vj j i- y`ar 8a i75lZlg u ❑ wav ? :::.-l1 Mo(� r ::-F::..... zT "-ia� -rtp 4­1 �� �gr r?rr iA �44 V ryI is h cay� l J 0. nr:iu �y t�32i7•!.+`#y e t� sr ry "' go. alts+.- "_ I k t+l aril _/ t� j'7'l�- ?® •o ' Sr.J �sor"-+rx-r�,,, t a S d. 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