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1975-045 ORDINANCE 140. 75-45 AN ORDINANCE DISCONNECTING CERTAIN TERRITORY FROM THE VILLAGE OF BUFFALO GROVE WHEREAS, the parcel of land hereinafter described was annexed to the Village of Buffalo Grove pursuant to an Annexa- tion Agreement, dated November 24, 1969 , by and between the Village, First National Bank and Trust Company of Evanston, Trustee, Trust #R-1410 Chesterfield Development Corporation, a corporation, and WHEREAS , subsequent thereto said Annexation Agreement was amended and extended and the title to said land became vested in Exchange National Bank of Chicago , Trustee; Trust #23674, but the beneficial owner remained Chesterfield Development Corporation and WHEREAS , said Annexation Agreement as amended expired by its terms on November 24, 1975 , and without performance, and WHEREAS , said territory is not subdivided into lots and blocks , is located on the periphery of the Village and if discon- nected would not result in isolating any part of the Village from the remainder, and WHEREAS, since the consideration for the annexation has fail- ed, the Village is desirous of reverting the land to its status prior to the Annexation Agreement and deems it to the best interest of the Village to disconnect the land. 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: That the following legally described territory, to-wit; The West Half of the Southwest Quarter of Section 32 , Township 43 North, Range 11 East of the Third Principal Meridian (except that part lying North of a line 1070.75 feet North of and parallel with the South line of said Southwest Quarter aforesaid) , in Lake County, Illinois , the plat attached and made a part hereof as Exhibit "A" with the County Recorder of Lake County, Illinois . SECTION 3 : This Ordinance shall be in full force and effect from and after its passage and approval. AYES NAYES 0 . ABSENT PASSED ,zrt 1975 APPROVED ���� 1975 ATTES APPROVED: f . . . C er rest ent