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2019-04-15 - Ordinance 2019-013 - ACKNOWLEDGING FULFILLMENT OF CERTAIN PAYMENT OBLIGATIONS UNDER ORD 85-65 FOR THE RECOUPMENT OF ADVANCES FOR CONSTRUCTION OF A SANITARY SEWER ON THOMPSON BLVDORDINANCE NO. 2019 — 013 AN ORDINANCE ACKNOWLEDGING FULFILLMENT OF CERTAIN PAYMENT OBLIGATIONS UNDER ORDINANCE NO. 85-65 FOR THE RECOUPMENT OF ADVANCES FOR CONSTRUCTION OF A SANITARY SEWER ON THOMPSON BOULEVARD FROM FABISH DRIVE TO A POINT 225 WEST OF EUCLID COURT WHEREAS, the Village of Buffalo Grove is a Home Rule Unit pursuant to the Illinois Constitution of 1970; and WHEREAS, THE Village of Buffalo Grove, Cook and Lake Counties, enacted Ordinance No. 85-65 for the recoupment of advances for construction of a sanitary sewer; and WHEREAS, Ordinance No. 85-65 was recorded on October 21, 1985, as Document No. 2395725 in the Office of the Recorder of Deeds, Lake County, Illinois; and WHEREAS, all sums collectible under Ordinance No. 85-65 regarding the 50 acres of property located in Buffalo Grove legally described as: THE NORTH 50 ACRES OF THE WEST'/2 OF THE SOUTHWEST'/4 OF SECTION 21 TOWNSHIP 43 NORTH RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, LAKE COUNTY, ILLINOIS. PIN: 15-21-300-026-0000 (hereinafter "Property" and/or "Link Crossing Property") were paid and received by the Village of Buffalo Grove on March 29, 2019 pursuant to the written direction of the Village of Buffalo Grove. 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. Recitals The foregoing recitals are hereby adopted and incorporated into and made a part of this Ordinance as if fully set forth herein. Section 2. Receipt of Recapture Sums Regarding Link Crossing Property That the Village of Buffalo Grove hereby acknowledges receipt of certain sums collectible under Ordinance No. 85-65 in full satisfaction of the obligations of the Link Crossing Property and fully releases the Link Crossing Property from the obligations imposed by said Ordinance 85-65: 1 Section 3. Remaining Sums That in all other respects the Village hereby acknowledges and reaffirms Ordinance No. 85-65 as far as any real property not previously released or expressly released herein to the extent other real property may be applicable. Section 4. Enactment That this ordinance shall be in full force and effect from and after its passage and approval. This Ordinance shall not be codified. AYES: 5 — Berman Ottenheimer. Weidenfeld Johnson. Smith NAYS: 0 — None ABSENT: 1 - Stein PASSED: April 15, 2019. APPROVED: April 15, 2019. PUBLISHED: April 16, 2019. ATTEST: Janet A-4rab:an, Village Clerk After Recording Return To: Village Clerk Village of Buffalo Grove 50 Raupp Boulevard Buffalo Grove, IL 60089 2 'Village Presicen