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1990-055q?-, 2949008 ?3�3 SEP 28 PM 4• .43 STATE OF ILLINOIS ) ) SS. COUNTY OF COOK & LAKE ) I, 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 the original of Ordinance No. 90-55 adopted on the loth day of September , 19 90 , 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 25th day of September , 19 90 Village G�ji'r- A tra. By_ Deputy V 4+! o f <eo k`° - :2I ITEM IX. (C) XII. (A) 8/27/90 ORDINANCE NO. 90- 55 AN ORDINANCE APPROVING AN ANNEXATION AGREEMENT Santucci Property WHEREAS, the Village of Buffalo Grove is a Home Rule Unit by virtue of the Illinois Constitution of 1970; and, WHEREAS, there has heretofore been submitted to the Corporate Authorities of the Village of Buffalo Grove a petition to annex the property legally described in Exhibit A hereto; and, WHEREAS, there has been submitted to the Corporate Authorities of the Village of Buffalo Grove an Annexation Agreement; and, WHEREAS, proper and due notices of the public hearing on said Annexation Agreement and Zoning has been given and a public hearing was held; and, WHEREAS, it is determined to be in the best interest of the Village of Buffalo Grove to approve said Annexation Agreement. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS: Section 1. The Annexation Agreement, a copy of which is attached hereto and made a part hereof as Exhibit A is approved. Section 2. The President and Clerk of the Village are hereby authorized to execute said Agreement on behalf of the Village of Buffalo Grove. Section 3. This Ordinance shall be in full force and effect from and after its passage and approval. This Ordinance shall not be codified. AYES: 6 - Marienthal, Reid, Shifrin, Mathias, O'Malley, Kahn NAYES: 0 - None ABSENT: 0 - None PASSED: September 10 1990 APPROVED: September 10 1990 APPROV . VE L. CLAYTON, Village Presid ATTEST: 2949008 9/6/90 SANTUCCI PROPERTY ANNEXATION AGREEMENT TABLE OF CONTENTS 1. Applicable Law .......................... ....................3 2. Agreement: Compliance and Validity ............................4 3. Enactment of Annexation Ordinance . ...........................4 4. Enactment of Zoning Ordinance................................4 5. Approval of Plats............................................5 6. Compliance with Applicable Ordinances . .......................5 7. Amendment of Plan.............................................6 8. Building Permit Fees.........................................6 9. Water Provision...............................................7 10. Storm and Sanitary Sewer Provisions . .........................8 11. Drainage Provisions..........................................9 12. Owner Recapture of Utility Costs . ............................9 13. Payment of Recapture Fees Owed...............................10 14. Security for Public and Private Site Improvements ............ 10 15. Exhibits .................................................... 11. 16. Annexation Fee..............................................11 17. Building, Landscaping and Aesthetics Plans...................11 18. Right of Way Dedication......................................12 19. Park District Donations.....................................13 20. School District Donations...................................13 21. Annexation to the Buffalo Grove Park District................13 22. Declaration of Covenants, Conditions, and Restrictions ....... 13 23. Facilitation of Development..................................14 24. Enforceability of the Agreement . ............................15 25. Term of Agreement...........................................15 26. Binding Effect of Agreement.................................15 27. Corporate Capacities........................................15 28. Notices.....................................................16 29. Default.....................................................16 30. Litigation...................................................17 31. Special Conditions...........................................18 SANTUCCI PROPERTY ANNEXATION AGREEMENT LbC.7T-ON iiAP F/7//7A Subject Property 9/6/90 SANTUCCI PROPERTY ANNEXATION AGREEMENT This agreement (hereinafter referred to as the "Agreement") made and entered into this 10th day of September, 1990, by and between the VILLAGE OF BUFFALO GROVE (hereinafter referred to as "Village") by and through the President and Board of Trustees of the Village (hereinafter collectively referred to as the "Corporate Authorities") and American National Bank and Trust Company of Chicago, as Trustee under a Trust Agreement dated May 15, 1987 and known as Trust No. 101533-02, and Berenice Ventrella as Successor Trustee of the Dorothy M. Santucci Estate Trust dated December 21, 1968 (hereinafter collectively referred to as "Owner"), and the TCR Illinois Limited Partnership, a Texas Limited Partnership, (hereinafter referred to as "Developer"). W I T N E S S E T H: WHEREAS, the Village of Buffalo Grove is a Home Rule Unit by virtue of the provisions of the Constitution of the State of Illinois of 1970; and, WHEREAS, Owner is the owner of a certain tract of property comprising approximately 89.072 acres legally described and identified in EXHIBIT A, which exhibit is made a part hereof and which real estate is contiguous to the corporate limits of the Village; and, WHEREAS, a Plat of Annexation, including adjacent unincorporated high- way, is attached hereto as EXHIBIT B, which depicts a total area of 88.43 acres to be annexed. The property legally described in EXHIBIT B is herein- after referred to as the "Property"; and, WHEREAS, Developer desires and proposes, pursuant to the provisions and regulations of the Village's Zoning Ordinance applicable to the R-9 Multiple - Family Dwelling District with a Residential Planned Unit Development, to 1 develop portions of the Property in accordance with and pursuant to a certain Preliminary Plan prepared by By Design, Inc, and dated as last revised August 2, 1990, and also a Preliminary Engineering Plan prepared by Envirodyne Engineers and dated as last revised July 30, 1990, (hereafter jointly re- ferred to as the "Preliminary Plan") a copy of which Preliminary Plan is attached hereto as EXHIBITS D and D-1 and Group EXHIBIT E and incorporated herein; and, WHEREAS, Developer will also construct on the Property certain public improvements and the privately owned stormwater management system, including wetlands, pursuant to EXHIBITS D and D-1 and Group EXHIBIT E; and, WHEREAS, Developer and Owner have not proposed specific developments for Parcels C and D, nor has the Village approved Preliminary Plans for said parcels; and, WHEREAS, Parcel C is to be zoned as a special use in the B-3 Planned Business Center District, which will require future approvals by the Village; and, WHEREAS, development of the Property shall consist of the following uses for Parcels A, B, C and D as legally described in EXHIBIT A-1 attached hereto: Parcel A (26.95 acres) - A Residential Planned Development in the R-9 District of not more than 352 dwelling units; Parcel B (33.22 acres) - Industrial District zoning, including a 2.13-acre site to be conveyed to the Village for municipal use; Parcel C (25.17 acres) - Subject to Paragraphs 31.J. and 31.K., B-3 District zoning including a retail shopping center with a gross floor area not to exceed 150,000 square feet, not more than three commercial outlots adjacent to the shopping center with Outlots 1 and 2 having 2 frontage along Milwaukee Avenue at the northwest corner of Milwaukee Avenue and Deerfield Parkway, a restaurant (west of the shopping Cen- ter), and a full -service hotel; Parcel D (2.75 acres) - Office and Research District zoning for an office building; and, WHEREAS, pursuant to the provisions of Section 11-15.1-1 et. seq., of the Illinois Municipal Code (Chapter 24, Illinois Revised Statutes 1989) and as the same may have been modified by the Village's Home Rule powers, a proposed Annexation Agreement, was submitted to the Corporate Authorities and a public hearing was held thereon pursuant to notice as provided by statute; and, WHEREAS, pursuant to due notice and advertisement, the Plan Commission of the Village has held a public hearing and made their recommendations with respect to the requested zoning classifications of the R-9 P.U.D., B-3 Planned Business Center, Office and Research, and Industrial districts and variations of the Village Floodplain Ordinance and Development Ordinance; and, WHEREAS, the President and Board of Trustees after due and careful consideration have concluded that the annexation of the Property to the Village and its zoning and development on the terms and conditions herein set forth would further enable the Village to control the development of the area and would serve the best interests of the Village. NOW, THEREFORE, in consideration of the premises, mutual covenants and agreements herein set forth, the parties hereto agree as follows: 1. Applicable Law. This agreement is made pursuant to and in accor- dance with the provisions of Section 11-15.1-1 et. seq., of the Illinois Municipal Code (Chapter 24, Illinois Revised Statutes 1989) and as the same 3 may have been modified by the Village's Home Rule powers. The preceding whereas clauses are hereby made a part of this Agreement. 2. Agreement: Compliance and Validity. The Owner has filed with the Village Clerk of the Village a proper petition pursuant to and in accordance with provisions of Section 7-1-8 of the Illinois Municipal Code (Chapter 24, Illinois Revised Statutes 1989), as the same may have been modified by the Village's Home Rule powers, to annex the Property to the Village. It is understood and agreed that this Agreement in its entirety, together with the aforesaid petition for annexation, shall be null, void and of no force and effect unless the Property is validly annexed to the Village and is validly zoned and classified in the R-9 P.U.D., B-3, 0&R, and I districts, all as contemplated in this Agreement. 3. Enactment of Annexation Ordinance. The Corporate Authorities within twenty-one (21) days of the execution of this Agreement by the Village will enact a valid and binding ordinance (hereafter referred to as the "Annexation Ordinance") annexing the Property to the Village. Said Annexation Ordinance shall be recorded with the Lake County Recorder's Office along with the Plat of Annexation (attached hereto as EXHIBIT B). Recordation shall take place no more than thirty (30) days after enactment of Annexation Ordinance. 4. Enactment of Zoning Ordinance. Within twenty-one (21) days after the passage of the Annexation Ordinance, the Corporate Authorities shall adopt a proper, valid and binding ordinance, zoning the Property described as Parcels A, B, C. and D in EXHIBIT A-1 attached hereto in the following districts: Parcel A - R-9 P.U.D. Parcel B - Industrial District 4 Parcel C - B-3 Planned Business Center District Parcel D - Office and Research District Said zoning shall be subject to the restrictions further contained herein and all applicable ordinances of the Village of Buffalo Grove as amended from time to time. 5. Approval of Plans and Plats. The Corporate Authorities hereby approve a Preliminary Plan for Parcel A and certain public improvements and privately owned stormwater management system (EXHIBITS D, D-1 and GROUP EXHIBIT E) pursuant to the provisions of the Development Ordinance and in addition agree to approve a Final Plan of Development upon submission by the Developer of complete and proper materials as required for the issuance of appropriate building and other permits based on final versions of the plans and drawings of the development of Parcel A, public improvements, and the stormwater management system as submitted by the Developer provided that the plat or plats shall: (a) conform to the Preliminary Plan, (Group EXHIBITS D and E); and (b) conform to the terms of this Agreement and all applicable Village Ordinances as amended from time to time; and (c) conform to the Development Improvement Agreement (EXHIBIT C) as amended from time to time. Platting for Parcels C and D shall occur after approval by the Village of Preliminary Plans and all supporting documentation for Parcels C and D. 6. Compliance with Applicable Ordinances. The Developer and Owner severally agree to comply with all ordinances of the Village of Buffalo Grove as amended from time to time in the development of portions of the Property developed by the respective party, provided that all new ordinances, amend- ments, rules and regulations relating to zoning, building and subdivision of land adopted after the date of this Agreement shall not be arbitrarily or discriminatorily applied to the Property but shall be equally applicable to all property similarly zoned and situated to the extent possible. Developer 5 and Owner severally agree that in the development of the Property, they shall comply with the standards set forth in the Village of Buffalo Grove Develop- ment Ordinance as amended from time to time. The Village shall provide the Developer with a 30-day notice prior to passage of any ordinance amending the Village's building code. This notice shall only be required for twelve months from the date of this Agreement. 7. Amendment of Plan. If the Developer desires to make changes in the Preliminary Plan, as herein approved, the parties agree that such changes in the Preliminary Plan will require, if the Village so determines, the sub- mission of amended plats or plans, together with proper supporting documenta- tion, to the Plan Commission and/or the Corporate Authorities to consider such changes to this Agreement. The Corporate Authorities may, at their sole discretion, require additional public hearings and may review the commitments of record contained in this Agreement, including but not limited to fees, prior to final consideration of any change in the Preliminary Plan. The Village Manager is hereby authorized to approve such minor changes as he deems appropriate, provided that no changes: (a) involve a reduction of the area set aside for common open space; nor (b) increases by more than two percent (2%) the floor area proposed for non-residential use; nor (c) increases by more than two percent (2%) the total ground area covered by buildings. 8. Building Permit Fees. The building permit fees may be increased from time to time so long as said permit fees are applied consistently to all other developments in the Village to the extent possible. In the event a conflict arises between the Developer and Owner and the Village on any engineering and technical matters subject to this Agreement, the Village reserves the right to pass along any and all additional expenses reasonably 6 incurred by the use of consultants in the review and inspection of the development from time to time. Developer and Owner with respect to the portion of the Property they develop or own, shall pay any non-discriminatory new or additional fees hereinafter charged by the Village to developers or property within the Village. The Village shall provide the Developer with a 30-day notice prior to passage of any ordinance increasing building permit fees. This notice shall only be required for twelve months from the date of this Agreement. 9. Water Provision. The Developer and Owner shall be permitted and severally agree to tap on to the Village water system at points recommended by the Village Engineer, which points to the extent shown on EXHIBIT E are hereby approved by the Village. It is understood and agreed, however, that changes to the Preliminary Engineering Plan may be required at the time of final engineering. The Developer and Owner further severally agree to pay to the Village such fees in accordance with the applicable Village Ordinances at the time of the issuance of the water and sewer permits for their respective properties subject to easement rights recorded on the Property. The Develop- er and Owner severally agree to accept any increase in water rates and tap on fees provided such rates and fees apply consistently to all other similar users in the Village to the extent possible. Following such tap on, the Village agrees to provide to the best of its ability and in a non-discriminatory manner water service to all users on the Property in accordance with the Preliminary Plan. Before such.water service is made available to Parcels C and D, approval of final engineering drawings for Parcels C and D must be obtained from the Village. Watermains serving the Property as shown on Group EXHIBIT E and those approved as part of the development of Parcel A shall be installed by the Developer and, except for 7 service connections to the buildings shall, upon installation and acceptance by the Village through formal acceptance action by the Corporate Authorities, be dedicated to the Village and become a part of the Village water system maintained by the Village. Developer is not obligated to construct those watermains shown on Group EXHIBIT E as "future construction." 10. Storm and Sanitary Sewer Provisions. A. The Corporate Authorities agree to cooperate with the Developer and Owner and to use their best efforts to aid Developer and subsequent develop- ers of the Property in obtaining such permits from governmental agencies having jurisdiction as may be necessary to authorize connection from the proposed development to the Lake County Public Works Department for the collection of sewage and to the Lake County Division of Transportation and Illinois Department of Transportation as may be appropriate. The Developer shall construct on -site and off -site sanitary sewers as may be necessary to service the Property, as per EXHIBIT E. Developer is not obligated to construct those sanitary sewers shown on Group EXHIBIT E as "future con- struction." It is understood, however, that changes to the Preliminary Engineering Plan may be required at the time of final engineering. Upon installation and acceptance by the Village through formal acceptance action by the Corporate Authorities, the Corporate Authorities agree to operate and maintain such systems, except for sanitary sewer service connections. The Developer and Owner agree to accept any increase in sewer rates and tap on fees, provided that such fees and rates are applied consistently to all similar users in the Village to the extent possible. B. The Developer and Owner severally agree to construct on the portion of the Property developed by it any storm sewers which may be necessary to service such portions of the Property, as per Group EXHIBIT E. It is E understood, however, that changes to the Preliminary Engineering Plan may be required at the time of final engineering. Upon installation and acceptance by the Village through formal acceptance action by the Corporate Authorities, the Corporate Authorities agree to operate and maintain that portion of the storm sewer system which serves public streets, or multiple properties, and the Developer and Owner severally agree to operate and maintain that portion of the storm sewer system located on the portions of the Property owned by each respective party and not dedicated, and shall record a covenant to that effect within thirty (30) days of the recording of the final plat. It is understood and agreed that the stormwater management system and wetlands mitigation plan requires approval by various State and Federal agencies. If said approvals require revisions to any plans herein approved by the Village, said revisions are subject to Village approval. 11. Drainage Provisions. The Developer and Owner severally agree to fully comply with any reasonable request of the Village Engineer related to the placement of buildings on lots owned by the Developer or Owner respec- tively to preserve drainage standards. The Developer and Owner shall sever- ally agree to install on the properties respectively owned by them any storm sewers and/or inlets which are required to eliminate standing water or conditions of excess sogginess which may, in the opinion of the Village Engineer, be detrimental to the growth and maintenance of lawn grasses. 12. Owner Recapture of Utility Costs. It is understood and agreed that if a portion of the sanitary sewer, storm sewer, and/or watermain to be constructed and installed by the Developer or Owner to serve the proposed development on the Property (hereinafter referred to as "Property Improve- ments") is required by the Village to be so located and/or oversized as to benefit vacant neighboring properties not owned by the Owner or Developer, E thus making such utility service available thereto, the Corporate Authorities agree to adopt an ordinance to permit the Owner or Developer respectively to recapture from such vacant neighboring property owners as may be benefitted by the Property Improvements, that portion of the actual costs of oversizing the construction and installation of Property Improvements, in such propor- tionate amounts from such neighboring property owners as may be so benefitted as determined by the Village. Said recapture ordinance shall only be en- forceable for seven (7) years from its passage. The Village, Developer, and Owner agree to use their best efforts to cooperate to achieve the most practical and feasible route to the off -site utilities connection points. The Village agrees to cooperate with the Owner or Developer in effectuating recapture from future developers as appropriate. The Village shall be entitled to a five percent (5%) fee from any amounts hereby recaptured as and for its collection efforts. 13. Payment of Recapture Fees Owed. Any amount of recapture currently required to be paid by this Property, as evidenced by recorded instruments at the Lake County Recorder of Deeds, shall be due and payable upon final platting of any portion of the Property. 14. Security for Public and Private Site Improvements. Security for public and private site improvements shall be provided in accordance with the Development Ordinance, and the Development Improvement Agreement (EXHIBIT C) as amended from time to time. The Development Improvement Agreement, at- tached as EXHIBIT C, is a model form only, and does not represent the actual agreement between Developer, Owner and Village. Any letter of credit issued for such improvements shall be drawn on a financial institution of net worth reasonably satisfactory to the Village Attorney. The issuer may have an equitable or lending interest in the Property provided that the letter of 10 credit, either by its own terms or by separate written assurances of the issuer, shall be honored irrespective of that interest. The Village shall have the right to draw up to the full amount of the letter of credit in order to complete, and have formal acceptance of, all improvements secured by the letter of credit if a default occurs. 15. Exhibits. The following EXHIBITS, some of which were presented in testimony given by the Developer or the witnesses during the hearings held before the Plan Commission and the Corporate Authorities prior to the exe- cution of this Agreement, are hereby incorporated by reference herein, made a part hereof and designated as shown below. This Agreement, upon execution by the parties, together with copies of all EXHIBITS, shall be kept on file with the Village Clerk and be available for inspection to the parties hereto. EXHIBIT A Legal Description EXHIBIT A-1 Legal Description and Plat of Survey dated June 20, 1990 of Zoning Parcels A, B, C, and D EXHIBIT B Plat of Annexation dated June 20, 1990 EXHIBIT C Development Improvement Agreement (model form) EXHIBIT D,D-1 Preliminary Plan (Sheet S-1, Overall Site Plan Dated D-2 August 2, 1990 (revised); Sheet S-2, Residential Site Plan; Sheet S-3, Illus- trative Commercial Site Plan) dated June 19, 1990 (revised) by By Design, Inc. EXHIBIT E,E-1, Preliminary Engineering Plan (Sheet 1) dated July E-2 30, 1990 (revised); Preliminary Engineering Sections (Sheet 2) dated June 26, 1990; Wetlands Mitigation Concept dated June 5, 1990 EXHIBIT F Residential Apartment (Barclay Station) Floor Plans and Elevations (5 sheets) by Cordogan, Clark Archi- tects 16. Annexation Fee. Developer agrees to pay an annexation fee in an amount equal to $400.00 per residential dwelling unit which fee shall be payable prorata at issuance of building permits. However, this fee shall be paid in full prior to the expiration of this Agreement. 17. Building, Landscaping and Aesthetics Plans. Developer and Owner severally will submit building and landscaping plans for the portions of the 11 Property they develop (which landscaping plans shall conform to the require- ments of Village Ordinances) for final approval by the Appearance Commission and the Corporate Authorities before commencing construction of buildings. Lighting and signage shall be compatible with surrounding areas. Developer shall grade and seed Parcels C and D in accordance with Village standards in conjunction with construction of Deerfield Parkway. Phases not under con- struction or completed shall be maintained by the owners thereof in a neat and orderly fashion as determined by the Village Manager. 18. Right of Way Dedication. The Owner and Developer acknowledge that it is the intention of the Village and other involved agencies that Milwaukee Avenue will be widened adjacent to the Property and that Deerfield Parkway and Barclay Boulevard will be constructed on the Property. The Owner agrees to dedicate the following right-of-ways as depicted on EXHIBIT E as part of the first phase of development of the Property, but in any event not later than July 1, 1992. If Owner fails to dedicate said right of ways by such date, then the Village shall, upon notice to Owner, allow Owner sixty (60) days to dedicate such right of ways. If, after such notice, Owner fails to dedicate such right of ways, then with notice to Owner, the Village may begin proceedings to disconnect from the Village the Property owned by Owner or at the option of the Village, to rezone the Property to the Residential Estate (RE) District zoning classification. In such event, this Agreement shall be considered to be the petition of the Owner to disconnect the Property, or at the option of the Village to rezone the Property to the RE District zoning classification. In the event of such disconnection or rezoning, the obligations contained herein shall not cease, but shall run with the land and be enforceable by the Village. Milwaukee Avenue: Additional right-of-way along the west side of the road to provide a width varying from 54 feet to 66 feet from the 12 centerline of Milwaukee Avenue as depicted on EXHIBIT E. It is planned that the future right-of-way along Milwaukee Avenue will be 75 feet from the centerline. The Owner, pursuant to EXHIBITS E and E-1, will dedi- cate between four (4) feet and 16 (sixteen) feet of additional right-of-way from the existing right-of-way of 50 feet from the centerline of Milwaukee Avenue. The future right-of-way not being dedicated at this time shall be used only as a landscaped area and to allow future access to Parcel C. Deerfield Parkway: A minimum right-of-way of 105 feet, and a right-of-way of 117 feet at the western approach to Milwaukee Avenue to permit intersection improvements including turning lanes; Barclay Boulevard: A right-of-way of 80 feet. 19. Park District Donations. The Developer and Owner severally agree to comply with the provisions of Title 19 of the Buffalo Grove Municipal Code as amended regarding park donations. 20. School District Donations. The Developer and Owner severally agree to comply with the provisions of Title 19 of the Buffalo Grove Municipal Code as amended from time to time regarding school donations. The Developer and Owner severally agree that it will make contributions of cash to the Village for conveyance to School Districts #102 and #125 according to the criteria of said Title. 21. Annexation to the Buffalo Grove Park District. The Owner and Developer severally agree, at the request of the Buffalo Grove Park District, to annex any part or all of the subject Property owned by it to said Park District. 22. Declaration of Covenants, Conditions, and Restrictions. The Property (excepting the fire station site as long as such site is used for public purposes) shall be subject to a declaration of covenants, conditions 13 and restrictions ("Declaration") which shall include but not by way of limitation a provision whereby the Village shall have the right, but not the obligation to enforce the following obligations, and further, the Village shall have the right, upon thirty (30) days prior written notice specifying the nature of a default of the Declaration, to enter upon the portions of the Property not in compliance therewith and cure such default, or cause the same to be cured at the cost and expense of the Association created pursuant to Paragraph 31.E of this Agreement or their successor(s) in interest. If such default occurs because of the Association's failure to maintain pursuant to the Declaration, the Village shall also have the right to charge or place a lien upon the Property (excepting the fire station site as long as such site is used for public purposes) for repayment of such costs and expenses, including reasonable attorneys' fees in enforcing such obligations. The Declaration shall further provide that this provision may not be amended without the prior approval of the Village. The Declaration shall include, but not by way of limitation, covenants and obligations to maintain: 1. stormwater retention ponds, wetlands, and drainage systems on the Property pursuant to Village ordinances and in a neat and orderly manner so as to not cause erosion, odor, or other conditions determined by the Village Engineer or Health Officer to be detrimental to the area, and 2. the bike path on Parcel B in accordance with Village standards. Said Declaration shall be submitted at the time of first plat approval, and shall be subject to ap- proval by the Village for compliance with this annexation agreement. This paragraph is not intended to address individual property owners' violations of Village ordinances. 23. Facilitation of Development. Time is of the essence of this Agreement, and all parties will make every reasonable effort to expedite the subject matters hereof. It is further understood and agreed that the suc- 14 cessful consummation of this Agreement and the development of the Property in the best interests of all the parties requires their continued cooperation. The Owner and Developer do hereby evidence their intention to fully comply with all Village requirements, their willingness to discuss any matters of mutual interest that may arise, and their willingness to assist the Village to the fullest extent possible. The Village does hereby evidence its intent to always cooperate in the resolution of mutual problems and its willingness to facilitate the development of the Property, as contemplated by the pro- visions of this Agreement. 24. Enforceability of the Agreement. This Agreement shall be enforce- able in any court of competent jurisdiction by any of the parties or by an appropriate action at law or in equity to secure the performance of the covenants herein described. If any provision of this Agreement is held invalid, such provisions shall be deemed to be excised herefrom and the invalidity thereof shall not affect any of the provisions contained herein. 25. Term of Agreement. This Agreement will be binding on all parties for a term of twenty (20) years from the date of the execution of this Agreement by the Village. This Agreement shall not be assigned without prior written consent of the Village, except an assignment of Parcel A can be made to a partnership of which a Trammell Crow Residential entity is a general partner. The Village acknowledges that written consent will not be necessary in the event of a foreclosure or deed in lieu of foreclosure. 26. Binding Effect of Agreement. This Agreement shall be binding upon the Property, the parties hereto, and their respective successors and as- signs. The benefits and burdens hereof shall run with the land. 27. Corporate Capacities. The parties acknowledge and agree that the individuals that are members of the group constituting the Corporate Author- 15 ities are entering into this Agreement in their official capacities as members of such group and shall have no personal liability in their indi- vidual capacities. 28. Notices. Any notice required pursuant to the provisions of this Agreement shall be in writing and be sent by certified mail to• the following addresses until notice of change of address is given and shall be deemed received on the fifth business day following deposit in the U.S. Mail. If to Owner: Berenice Ventrella 2311 Dorina Drive Northfield, IL 60093 If to Developer: Mark Tennison Trammell Crow Company 9450 W. Bryn Mawr Avenue Suite 550 Rosemont, IL 60018 Copy to: Robert Gordon Mayer, Brown and Platt 190 S. LaSalle Street Chicago, IL 60603-3441 If to Village: Village Clerk Village of Buffalo Grove 50 Raupp Boulevard Buffalo Grove, IL 60089 Copy to: William G. Raysa, Esq. Bloche, French & Raysa 1140 Lake Street Suite 400 Oak Park, IL 60301 29. Default. A. In the event Owner or Developer or subsequent developers defaults in its performance of its obligations set forth in this Agreement, then the Village, shall, upon notice to such party allow such party sixty (60) days to cure default or provide evidence to the Village that such default will be cured in a timely manner if it cannot be cured during said period. Such notice shall specify the nature of the default. If such party 16 fails to cure such default or provide such evidence as provided above, then, with notice to such party, the Village may begin proceedings to disconnect from the Village the appropriate portion of the Property owned by such defaulting party upon which development has not been completed or at the option of the Village, to rezone such portion of the Property upon which development has not been completed to the Residential Estate (R-E) District zoning classification. In such event, this Agreement shall be considered to be the petition of such party to disconnect such portion of the Property, or at the option of the Village to rezone such portion of the Property to the R-E District zoning classification. B. In addition to sub -paragraph A. hereof, it is recognized by the parties hereto that there are obligations and commitments set forth herein which are to be performed and provided for by a specific party and not by all parties. The Village agrees that the non -obligated party as such is exculpated from any personal liability or obligation to perform said commit- ments and obligations set forth herein and that the Village will look solely to the defaulting party for such performance, except that to the extent that the other party or successor thereto shall become a developer or shall designate or contract with a developer other than the defaulting party, then in that case, the other party or the new designee shall be subject to the liabilities, commitments and obligations of this Agreement. Developer shall not be responsible for the obligations of Owner or the developers of Parcels C and D. 30. Litigation. A. The Owner and/or Developer, at its cost, shall be responsible for any litigation with third parties which may arise relating to the annexation, zoning or Owner or Developer's development of the Property but not arising from wrongful acts of the Village. Owner and Developer shall 17 cooperate with the Village in said litigation but Owner or Developer's counsel will have principal responsibility for such litigation to the extent such litigation affects Parcel A or B. Notwithstanding anything herein to the contrary, Developer shall not be responsible for any litigation relating only to Parcels C and D. B. The Owner or Developer, as the case may be, shall reimburse the Village for reasonable attorney's fees, expenses and costs incurred by the Village resulting from litigation relating to the annexation, zoning and development of the portions of the Property owned by it or in the enforcement of any of the terms of this Annexation Agreement upon a default by the Owner or Developer. C. Owner and Developer hereby severally indemnify and hold the Village harmless from any actions or causes of action which may arise as a result of development activities for which the Owner or Developer, as the case may be, is responsible. This indemnity shall terminate, as the case may be, upon the issuance by the Village of the final certificate of occupancy at the completion of the development for each Parcel. D. The Village shall not have the authority pursuant to this Paragraph to have judgment entered against the Developer or Owner, as the case may be., 31. Special Conditions. A. The following variations to the Village's Development Ordi- nance and Floodplain Ordinance are hereby granted, and the same shall be incorporated into the zoning ordinance referred to in Paragraph 4. hereof. DEVELOPMENT ORDINANCE: 1. Section 16.50.040.C.4. - to allow a minimum pond depth of less than 15 feet; to waive the requirement for natural stones as a side treatment for ponds; to allow a pond ledge of 8 feet instead of 12 feet; and to allow a pond side slope of 3:1 instead of 6:1. Said variations are needed to implement the stormwater management and wetlands mitiga- tion plan for the Property. 0 FLOODPLAIN ORDINANCE: 1. Section 18.12.070.D. - to allow a setback of less than 100 feet from the centerline of Aptakisic Creek and to allow grading and stormwater ponds within the setback; 2. Section 18.12.070.F. - to allow compensatory storage for water of 87 percent instead of 100 percent, subject to compliance with applicable State and Federal regulations, and on the condition that stormwater will not be discharged at a greater rate from the Property than the existing discharge rate. B. The fire station site as depicted on EXHIBIT D as not less than 2.13 acres shall be conveyed to the Village within sixty (60) days of a written request from the Village but no later than 60 days after completion of the improved site as reasonably determined by the Village. All conveyance documents and procedures shall be performed by the Developer and Owner in accordance with the reasonable requirements of the Village Attorney and in accordance with normal and customary standards. Sufficient soil borings shall be made by the Village at their expense to determine the suitability of the site for construction of a fire station, parking lots, driveways, and possible training facilities. If, in the reasonable opinion of the Village, the soils are unsuitable for such development, the Developer shall remove the unsuitable material and replace it with engineered fill. Said site shall then be properly graded, drained, and seeded before conveyance to the Vil- lage. Any wetlands or other features of the site shall be properly mitigated pursuant to all applicable Government regulations before conveyance to the Village. All improvements adjacent to the site or serving the site required by the Development Ordinance and other improvements described above shall be completed by the Developer as part of the first phase of development in advance of conveyance of the Property to the Village. All work shall be designed, performed and constructed in a manner acceptable to the Village. Any expenses incurred to comply with the above requirements shall be borne by the Developer. 19 C. Developer shall construct the following street improvements as approved by the Village Engineer: Deerfield Parkway - Deerfield Parkway shall consist of a 10" P.C.C. standard reinforced pavement over a 4" stabilized base course (CA6), with four 12 foot travel lanes, 16 foot median (including left turn lanes) and B6:24 curb and gutter, and shall comply with applicable FAUS standards and as approved by the Village Engineer. Developer agrees to construct said road on the Property as depicted on EXHIBITS D and E. It is understood and agreed that it is the intent of the Village, the Developer, and the Owner to construct Deerfield Parkway as the first phase of the development and to complete construction of said road within twelve (12) months of the date of this Agreement, however, in no event will certificates of occupancy be issued prior to completion of the road. Developer shall provide trees in the landscaped median as approved by the Village Engineer. Said trees shall be Thornless Skyline Honeylocust (2-1/2 inch caliper), planted 40 feet on -center. The Village may require a special engineering consultant to assist in the inspection of this pavement work in order to maintain a timely construction schedule. Developer agrees to reimburse the Village for these engineering costs when incurred. Barclay Boulevard - Developer shall construct said road on the Property in compliance with the Village Development Ordinance standards and as depicted on EXHIBITS D and E. It is understood and agreed that Barclay Boulevard shall be completed in the first phase of the develop- ment, and no certificates of occupancy will be issued prior to com- pletion of said road. Milwaukee Avenue; Deerfield Parkway intersection - Developer shall construct improvements including turning lanes as required by the Village and as depicted on EXHIBITS D and E. Developer shall provide information concerning the existing pavement and right-of-way at Deerfield Road and Milwaukee Avenue, and shall provide design informa- tion concerning the planned alignment of Deerfield Parkway with existing Deerfield Road, and the design of a turn lane from westbound Deerfield Road to northbound Milwaukee Avenue and a left turn storage lane for northbound Milwaukee Avenue to westbound Deerfield Parkway. Developer shall install streetlights at the intersection of Milwaukee Avenue and Deerfield Parkway as part of the first phase of the development; required streetlights along the remainder of the Property's Milwaukee Avenue frontage shall be installed by the developer of Parcel C at the time of development of the adjacent parcels unless otherwise required of the Developer by the Illinois Department of Transportation at the time of installation of the intersection lights. 20 D. The Developer shall deposit cash or a letter of credit with the Village prior to approval of the first plat of subdivision to guarantee construction of the north -south eight -foot sidewalk along Milwaukee Avenue no later than one year after the date of this Agreement. E. The Developer and Owner intend to create an association pursuant to Paragraph 22 that will own and maintain all stormwater management areas and wetlands on the Property. The association shall be binding on all the Property (excepting the fire station site as long as such site is used for public purposes.) Easements shall be provided for the Village to enter the Property to correct conditions if necessary. F. The Developer shall construct an eight -foot wide bike path from Deerfield Parkway to Aptakisic Creek at the north line of the Property. Said bike path may be constructed on the sanitary sewer easement in the stormwater management area or along the east side of Barclay Boulevard and the north side of the Property. The final location of the bike path is subject to Village approval. The Developer shall design and construct an eight -foot wide bike path from the north. line of the Property north along Aptakisic Creek to connect to the existing bike path in the Arbor Creek Business Centre. The Developer shall pay the lesser of one-half or $12,500 of the cost of the physical construction of said bike path, the balance of such cost to be paid by the Village. The design and location of said bike path is subject to Village approval. G. An easement shall be provided over the entire bicycle path system and wetland areas on the Property allowing access to the public. Said easement shall also include the pond overlook and the stubs of the bicycle path into the parking lots on Parcel A. The entire public bike path easement 21 shall be ten (10) feet in width, and all bike paths shall be constructed in accordance with Village ordinances. The emergency access easement on Parcel A, as depicted on EXHIBIT D-1, shall be fourteen (14) feet wide from the parking lot to the south lot line of Parcel A. Construction and design of the emergency access road is subject to Village approval. On Parcel A on EXHIBIT D-1, the bicycle path is delineated as an eight -foot path. A maintenance covenant shall be provided requiring mainte- nance in accordance with Village standards of the bicycle path on Parcel A by the owners of Parcel A. H. Six (6) bus shelters shall be provided on the Property as recommended by the Village Transportation Commission and as depicted on EXHIBIT D. The shelters shall be installed concurrent with the development of each adjacent parcel as directed by the Village. The developer of each adjacent parcel shall be responsible for the installation of each bus shelter adjacent thereto. I. Development of the R-9 Residential Planned Development on Parcel A, as described in EXHIBIT A-1, shall be in accordance with EXHIBITS D, D-1, and Group EXHIBIT E attached hereto. Vehicle turning radii as depicted on EXHIBIT D-1 are subject to approval by the Buffalo Grove Fire Department. •The recreation facilities depicted on EXHIBIT D-1, including all 8-foot paths, tot lot, and sand volleyball area shall be constructed in the first phase of the residential development. J. It is understood and agreed that the plans for the proposed retail center, outlots, restaurant, hotel, and office building depicted on EXHIBITS D and D-2 are subject to approval by the Village pursuant to appli- cable Village ordinances including the Preliminary Plan and final plat requirements of the Development Ordinance. Except as set forth in the 22 following sentence, no curb cuts to any of the foregoing proposed uses are approved by this Agreement, and all curb cuts are subject to Village ap- proval. Notwithstanding EXHIBITS D and D-2, curb cuts for the B-3 retail center at the northwest corner of Deerfield Parkway and Milwaukee Avenue shall be limited to two curb cuts to Deerfield Parkway and one curb cut to Milwaukee Avenue. K. Parcel C is a special use in the B-3 Planned Business Center District which is to be planned as a unified development with design com- patibility of all buildings and structures within the development. Notwith- standing EXHIBIT D-2, it is acknowledged by the Owner that planning for Parcel C has not been accomplished. In order to achieve the foregoing, and the orderly development of Parcel C, and to accomplish the overall design and aesthetics desired by the Village and the Owner, the Village has the right to approve all uses and developments of Parcel C. It is the intent of the Village to ensure high -quality developers of Parcel C. Nothing contained herein shall be construed to preclude Owner from acting as a developer of any portion of the Property. Development of Parcel C shall be limited to a retail shopping center with a gross floor area not to exceed 150,000 square feet, not more than three commercial outlots adjacent to the shopping center at the north- west corner of Milwaukee Avenue and Deerfield Parkway, a restaurant, and a full -service hotel. Changes to these uses may be considered by the Village upon application of the developer. It is understood and agreed that the said three commercial outlots shall each provide required parking for any uses located on each outlot, and said parking shall be located on the outlot where said use is located. L. The proposed hotel depicted on EXHIBIT D shall be a full -service facility including meeting rooms and banquet facility; the 23 height of the hotel shall not exceed 45 feet, and all roof -top mechanical units shall be screened by a parapet wall. Said parapet wall may extent beyond said 45-foot height limit. M. Developer and Owner shall televise the existing sanitary sewer owned by the Village of Lincolnshire located on the Property to determine the condition of said sewer. A copy of the report and related materials concern- ing the condition of the sewer shall be submitted to the Village of Lincolnshire and the Village of Buffalo Grove. Developer and Owner shall re -televise the Lincolnshire sanitary sewer after construction of Deerfield Parkway and utilities and stormwater management areas required in the first phase of development of the Property. A copy of said report shall be submit- ted to the Village of Lincolnshire and the Village of Buffalo Grove. Devel- oper and Owner shall complete in a timely manner any repairs to the sanitary sewer required as a result of construction in development of the Property. All engineering plans concerning said sewer are subject to approval by the Buffalo Grove Village Engineer. N. Developer and Owner shall make best efforts to preserve any trees recommended for preservation by the Village Forester. 0. If Developer fails to purchase Parcel A, Developer shall have no liability under this Agreement. Prior to any development of the Property pursuant to this Agreement, Developer's obligations hereunder must be assumed by another developer or Owner. P. The Developers of Parcels A, C and D will pay to the Village a combined total Fire Impact Fee of $75,000 at the time of final platting of each parcel. This fee shall be pro -rated by the proportional acreage of each contributing parcel to the total acreage of Parcels A, C and D. 24 Q. Notwithstanding anything contained in this Agreement to the contrary, it is understood and agreed that the Owner listed herein will not be required to contract for or enter into any construction agreement, to satisfy the construction requirements of this Annexation Agreement, unless the Owner elects to become a developer of the property. The Owner listed herein shall not be required to complete any construction begun but not completed by TCR Illinois Limited Partnership. This paragraph pertains to the Owner listed herein and not to any successors and assigns of said Owner. 25 ATTEST: W-illage Clerk I -A, I:),, I 10� 74j- il ihr- C JI jil-j;�djj,,, or cr or oil z:o'ni;)t of VILLAGE OF BUFFALO GROVE VERNK L. CLA-YTON, Village Presicent OWNER Berenice Ventrella as Successor Trustee of the Dorothy M. Santucci Trust Dated December 21, 1968 M OWNER American National Bank and Trust Co. of Chicago as Trustee under Trust Agreement No. 1015�3-02 dated May 15, 1987 by WHELAN DEVELOPER TCR Illinois Limited Partnership by TC Residential Illinois, Inc., General Partner / C. 4t0NALD BLANKENSHIP Its Lil ( e- fn- 7' 26