2019-04-15 - Ordinance 2019-016 - ACKNOWLEDGING FULFILLMENT OF CERTAIN PAYMENT OBLIGATIONS UNDER ORDINANCE NO. 89-75 FOR THE RECOUPMENT OF ADVANCES FOR CONSTRUCTION OF A TRAFFIC SIGNAL AT APTAKISIC ROAD AND BUFFALO GROVE ROADORDINANCE NO. 2019 — 016
AN ORDINANCE ACKNOWLEDGING FULFILLMENT OF CERTAIN PAYMENT
OBLIGATIONS UNDER ORDINANCE NO.89-75 FOR THE RECOUPMENT OF
ADVANCES FOR CONSTRUCTION OF A TRAFFIC SIGNAL AT APTAKISIC
ROAD AND BUFFALO GROVE ROAD
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. 89-75 for the recoupment of advances for construction of a traffic signal at
Aptakisic Road and Buffalo Grove Road; and
WHEREAS, Ordinance No. 89-75 was recorded on October 24, 1989, as Document
No. 2844173 in the Office of the Recorder of Deeds, Lake County, Illinois; and
WHEREAS, all sums collectible under Ordinance No. 89-75 regarding the 50 acres
of property located in Buffalo Grove legally described as:
THE NORTH 50 ACRES OF THE WEST %z OF THE SOUTHWEST'/a 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. 89-75 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 89-75:
Section 3. Remaining Sums
That in all other respects the Village hereby acknowledges and reaffirms Ordinance
No. 89-75 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 irabiaz, Village Clerk
After Recording Return To:
Village Clerk
Village of Buffalo Grove
50 Raupp Boulevard
Buffalo Grove, IL 60089
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Beverly Suss n, Village President
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