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1979-035 ORDINANCE 110. 79- 35 AN ORDINANCE ANNEXING CE.RTAI.I TERRT.TORN TO THE VILLAGE OI' BUFFALO GROVE, ILI,TNOIS (Dearborn Develo} ment Co. a/k/a lii.dut,n Lakes � WHEREAS, a written petition signed by the owners of record of all of the land in the territory hereinafter described, request- ing the annexation of such territory to the Village of Buffalo Grove, has been filed with the Village Clerk of the Village of Buffalo Grove; and WHEREAS, said territory is not within the corporate limits of any rranicipality, but is contiguous to the Village of Buffalo Grove; and WEREAS, such territory has no electors residing therein; and WHEREAS, notice of the proposed annexation of such, territory has beeri given to the Long Grove Rural Fire Protection District, the Vernon Township highway Co>m►ission, the Vernon Township Board of Auditors, and the Vernon Area Public Library District, as pro-. vided by law, a copy of which Notice has been reccrded in the Office of the Recorder of Deeds, of Lake. County, Illinois, aXid 1�'IiEREAS, it is in the best interests of the Village of Buffalo Grove that such territory be annexed to the Village of Buffalo Grove. NOW, THEREFORE, BE IT ORDAINED F.y TIIE PRESIDENT AND ro"PID OF TRUSTI;I;S OF THE VILLAGE OF BUFFALO GROVE, COOK AMID LAKE COU%dT7) S, IL,LINOIS, as follows : Section 1: That the te- -rit:ory legally described as : (A) The southi•icst quarter of the southrtcst quarter of Section 28; (I3) The west 10.0 acres of the southeast quarter of the southwest quarter of Section 2.8; and the following adjacent right of ways described as: (C) The south 33 feet of the northwest quarter of the south%,!est quarter of Section 28; (D) The south 33 feet of the northeast quarter of the southwest quarter of Section 28 contiguous to the nest 10 acres of the southeast quarter of thc- southwest u)rtcr of said Section 28. All of Cite above described trails are a part of Section 28, Township 1t3 I!01-1.11, R.mgr 11 East, of the. Third Principal 1leric:i.:n, Lakc County. Illinois. -2- be and it is hereby anii=ed to the Village of Buffalo Grove. A true and correct map of said territory is attached hereto and made a part of this Ordinance. Section 2: The Village Clerk of the Village of Buffalo Grove is hereby directed to cause to be filed in the Office of the Re- corder of Deeds of Lake County, a copy of this Ordinance with an accurate map of the territory annexed. Section 3: The-Villa-ge Clerk of the Village of Buffalo Grove is hereby directed to report this annexation by certified or re- gistered mail to the election authorities having jurisdiction in the territory and to the post office branches serving the terri- tory within 30 days of this annexation. Section 4: This Ordinance shall be in full force and effect from and after its passage and approval as provided by law. AYES: Marienthal, NAYES: 2 - Stone, O'Reilly ABSENT: 0 - Mone Hartstein, Kavitt, Gerschefske PASSED this 20t , day of August ,1979. APPROVED this 20th _day of August ,1979. APPROVED: i y V31�FiC �'rCS1G('rt.�• ATTEST: C/:.'. i.•�..,,,/�. .�'�_.. ., �litlage lTei;'i �:=7.cc��r�w' ANNEXATION AGREEMENT This Agreement (hereinafter referred to as the "Agreement") made and entered into this 4Q� day of , 1979, by and between the VILLAGE OF BUFFALO GROVE, ILLIN IS (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"); CHICAGO TITLE AND TRUST COMPANY, not individually, but as Trustee under a Trust Agreement dated December 6, 1972 and known as Trust No. 61142, (whose beneficiaries are GEORGE MARIiNAKiS and JOHN P. KARAHALIOS) and ROBERT N. HOFFMAN (hereinafter collectively referred to as the "Owner"); and DEARBORN DEVELOPMENT COMP ANY, an Illinois corporation, (hereinafter collectively with its successors and assigns with respect to the Property hereinafter defined referred to as "Devel- oper"). WITNESSETH: WHEREAS, the Developer has contracted to purchase from the Owner fifty and thirty two hundredths (50.32) acres of real property, the description of which is set forth on the Plat of Annexation which is attached hereto as Exhibit A and made a part hereof (hereinafter referred to as the "Property") and which real estate is contiguous to the corporate limits of the Village; WHEREAS, the Developer desires and proposes pursuant to the provisions and regulations applicable to the R-9 Zoning District Class of the Villag, Zoning Ordinance with a Special Use Planned Development as to Parcel A and the R-1 Zoning District Class of the Village Zoning Ordinance as to Parcel B (referred to herein as the "Zoning Ordinance"), to develop the Property in accordance with and 2015694 pursuant to a certain general development plan prepared by Johnston & Associates, as revised through 8/10/79 and also a preliminary engineering plan prepared by Jahraus Engineering, Inc., dated as last revised 8/2/79 (hereinafter jointly referred to as the "Preliminary Plan"), a copy of .which proposed Preliminary Plan is attached hereto as Exhibit B and Exhibit H and incorporated herein, and subject to all other Exhibits identified in paragraph 8 herein; said development of Parcel A to contain two hundred sixty two (262) residential dwelling units; and shall be subject to all ordinances, codes and regulations of the Village, as amended from time to time, including those variations specifically described in this Agreement. WHEREAS, pursuant to the provisions of Section 11-15.1-1, et seq. of the Illinois Municipol Code (Chapter 24, Illinois Revised Statutes, 1975), a proposed annexation agreement in substance and in form the same as this Agreement was submitted to the Corporate Authorities, and a public hearing was held thereon pursuant to notice as provided by statute. WHEREAS, pursuant to due notice and advertisement in the manner provided by law, the Plan Commission of the Village has held such public hearings prescribed by law with respect to the requested zoning classification of R-9 Special Use Planned Development as to Parcel A and R-1 Singh Family Zoning Classifi- cation as to Parcel B and has submitted to the Corporate Authorities its recommendations concerning such zoning and special use. NOW, THEREFORE, in consideration of the promises and mutual covenants and agreements hereinafter set forth, the parties hereto agree as follows: APPLICABLE LAW 1. This Agreement is made pursuant to and in accordance with the provisions of Section 11-15.1-1 et seq., of the Muncipal Code. 2015694 2 �. AGREEMENT COMPLIANCE AND VALIDITY 2. The Developer has filed with the Village Clerk of the Village, a proper petition, pursuant to and in accordance with the provisions of Section 7-1-8 of the Municipal Code, conditioned on the execution of this Agreement and the com- pliance with the terms and provisions contained herein, 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 under the Zoning Ordinance in accordance with Article VI, Section S, R-9 Special Use Planned Development zoning classification as to Parcel A, and Article X, Section 2, R-1 Single Family zoning classification as to Parcel B, all as contemplated in this Agreement. ENACTMENT OF ANNEXATION ORDINANCE 3. The Corporate Authorities, within ninety (90) days of the execution of this Agreement by the Village, will enact a valid and binding ordinance (herein referred to as the "Annexation Ordinance"), annexing the Property to the Village. ENACTMENT OF ZONING ORDINANCE 4. Within fourteen (14) days after the passage of the Annexation Ordinance, the Corporate Authorities shall adopt a proper, valid and binding ordinance zoning and classifying Parcel A in the R-9 zoning district with a Special Use Planned Development, for the construction of a planned unit development containing 262 residential dwelling units in conformance with all exhibits and conditions of this Agreement, and shall cause such approvals to be evidence.1 by the adoption of such other ordinances, resolutions or other actions as may be necessary or authorized by the applicable ordinances of the Village and classifying Parcel B in the R-1 zoning district. 4 2015694 3 APPROVAL OF PLATS 5. The Corporate Authorities agree to approve a preliminary plat of subdivision pursuant to the provisions of Section VI of the Village Subdivision Regulations Ordinance, and in addition, agree to approve a final subdivision plat or plats or phases of the development of the Property (in accordance with the preliminary development phasing plan shown on the preliminary plan and herein- after referred to as the "Phasing Plan") promptly upon submission by the Developer of complete and proper materials as required and issue such appropriate building, occupancy and other permits based upon the final versions of the plans and drawings for the development of the Property as submitted by the Developer, provided that such final documents shall: A. Conform to the Preliminary Plan (Exhibit B and Exhibit H); and B. Conform to the terms of this Agreement and all applicable Village Ordinances; and C. File with the Village a fully executed SIA (Subdivision Improvement Agreement). AMENDMENT OF PLAN 6. 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 submission of amended plats or plans, together with proper supporting documentation, 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. 2015694 4 WATER PROVISION 7. The Developer shall be permitted and agrees to tap on to the Village water system at the points recommended by the Village Engineer, and pay to the Village such fees for such tap-ons in accordance with the applicable Village Ordinances at the time of issuance of the water and sewer permits. The Developer agrees to accept any increase in water rates and tap-on fees provided that such fees and rates are applied 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, in a non-discriminatory manner, water service to all the residential units to be constructed on the Property in accordance with the Preliminary Plan, Preliminary Plat and Final Plat of Subdivision. Water mains serving the Property, and those approved as part of this development, shall be installed by Developer, and, except for 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 part of the Village water main system and maintained by the Village. EXHIBITS 8. The following exhibits, which were presented in testimony given by the Developer or other witnesses during the hearings held before the Plan Commission and the Corporate Authorities prior to the execution of this Agreement, are hereby made a part hereof and designated as shown below, whether or not physically attached to the Agreement. Said exhibits shall be kept on file by the Village Clerk and will be available for inspection by the parties hereto: Plat of Annexation Exhibit A Preliminary Plan (Phasing Plan) Exhibit B 2015694 5 Petition for Annexation Exhibit C Manual of Practice Exhibit D Performance Guarantees Exhibit E Illinois School Consulting Tables Exhibit F (Published January 15, 1977) Preliminary Architectural and Landscape Plan and Incentive Analysis Exhibit G Preliminary Engineering Plan Exhibit H DCCR's (care and maintenance Open Space) Exhibit I Buffalo Grove Park Distrrict Agreement -Exhibit J Evidence of Ownership or Control Exhibit K SEWER AND DRAINAGE PROVISIONS 9. A. The Corporate Authorities agree to cooperate with the Developer and to use their best efforts to aid Developer in obtaining such permits from govern- mental agencies having jurisdiction as may be necessary to authorize connection from the proposed development to the Lake County Department of Public Works for the collection of sewerage, and to the Vernon Township Road Commission or County of Lake for Roads, as may be appropriate. The Developer shall construct on-site sanitary sewers as may be necessary to service the Property. 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 agrees 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. The Developer agrees to pay the Lake County Sanitary Sewer System Improvement Fee of Three t 2015694 6 Hundred Dollars ($300.00) per dwelling unit, or any additional charges required by ordinance or resolution subsequent to this Agreement applied consistently to all other similar users in the Village. 9. B. The Developer shall also construct any storm sewers which may be necessary to service the property. 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. The private property owners shall maintain that portion of the storm sewer system which exclusively serves private parking areas or other private property. It is agreed that downstream drainage improvements may be required on the Farrington Ditch and the Developer may be required to. perform engineering studies and construct certain improve- ments or pay a recapture fee to the Village if another developer should proceed to perform the necessary studies or.!construct these drainage improvements; the Developer's cost shall not exceed 28.6% of the total cost 7 ofe said studies and improvements necessary for interim drainage improvements such as dredging and temporary bank stabilization. The Developer shall be fully responsible for the permanent improvement of the Farrington Ditch from the point of discharge from his property to the proposed Farrington Road culvert crossing. This permanent improvement shall include acquisition of drainage and utility easements, grading, hydromulch seeding, establishment of lawn type grass cover and construction of a maintenance access path. The payment of 28.6% of the interim drainage improvement costs is due within 30 days of receipt of Village notification of the interim improvement costs. The permanent Farrington Ditch improvements shall be constructed within one year from the date of plat approval of Phase II. 2015694 7 DEVELOPER RECAPTURE OF UTILITY COSTS 10. It is further understood and agreed that a portion of the system of sanitary (Buffalo Grove Road Sanitary Sewer)and storm sewers, drainage systems, water mains, all to be constructed and installed by the Developer to serve the proposed development on the Property (herein referred to as "Developer's Improve- ments), may be required by the Village to be so located and/or oversized as to benefit neighboring properties not owned by the Developer, thus making such sanitary and storm sewers, drainage systems and water service available thereto. The Corporate Authorities agree to adopt an ordinance and take such other action as may be necessary to permit the Developer to recapture from such neighboring property owners as may be benefitted by Developer's Improvements as determined by the Village, that portion of the actual costs of the construction and installation of Developer's Improvements and such legally permitted interest, less a collection fee payable to the Village, in such proportionate amounts from such neighboring property owners as may be so benefitted. The Village and Developer agree to use their best efforts to cooperate to achieve the most practical and economically feasible route to the off-site utilities connection points to permit the Developer to connect to the existing Village utility systems so long as such routes are within publicly owned property or easements inuring to the public benefit. The Village agrees to cooperate with the Developer in effectuating recapture from future users, as appropriate, including, but not necessarily-limited to, advising Developer of additional connections which the Village intends to permit, collecting and remitting fees, executing and recording appropriate recapture documents, and any other lawful means available to the Village. It is understood that the extension by Developer of the 16-inch water main lying in Busch Road constitutes an integral 2015694 8 part of the Village water system, and is not subject to any recapture from other property owners. It is recognized that a sanitary sewer may be installed in an adjacent development so as to directly benefit the property. Developer agrees that if this sanitary sewer is constructed it will make a recapture payment to the Village in accordance with the amount specified in a recapture ordinance which will be adopted by the Village, or the actual costs of construction. Said payment will be made within 90 days of annexation or 30 days of recapture ordinance adoption whichever is later. ANNEXATION FEE 11. Developer agrees to pay to the Village an annexation fee of Two Hundred Dollars ($200.00) per residential dwelling unit to be constructed on the Property, payable at the time the building permit for each respective building to be constructed on the Property is issued. COMPLIANCE WITH APPLICABLE ORDINANCES 12. Developer agrees to comply with all Village Ordinances in the development of Parcel A. Developer shall cause the standards set forth in the "Village of Buffalo Grove Engineering Standards" commonly referred to as the "Manual of Practice" (herein referred to as "Village Standards") which has been made a part hereof as Exhibit D, to be fully complied with in the development of the Property. Further, the Developer agrees to enter into a Subdivision Improve- ment Agreement at the time of filing the final Plat or Plats of Subdivision in form acceptable to the Village. STREET AND PARKING AREA PROVISIONS 13. The Developer agrees that all streets and parking areas are to be constructed in accordance with Village Standards including pavement, curb, and 2015694 9 lighting standards for local streets, and the width direction, and ownership of all streets, except as noted herein, are to conform to the provisions of the Preliminary Plan. A. DESIGN STANDARDS FOR MINOR STREETS AND PARKING AREAS. Parking area pavements shall conform to the Village Standards for local streets that relate to structural pavement strength and building materials. Minor streets shall be dedicated as public street right of ways from back of curb to back of curb, being a width of 27 feet except cul-de-sac areas which are 22 feet in the dedicated area between the backs of curbs, and also except Fabish Drive which shall conform to all Village Standards including right of way standards for minor streets. B. COLLECTOR STREET STANDARDS. The collector street shall conform to all Village Standards except the right of way width shall be 80 feet only at the approaches to Busch Road and Buffalo Grove Road and shall be 68 feet at all other locations. Construction of the collector street shall be completed along its entire length from Busch Road to Buffalo Grove Road prior to the issuance of any occupancy permit for Phase If of the development. C. BUFFALO GROVE ROAD. Developer agrees to dedicate 50 feet for the east half right of way for Buffalo Grove Road extended and also additional right of way required at the intersection with Busch Road. Construction of the east half of the roadway improvement including appurtenances from Busch Road south to the southernmost point of the subject property shall be consistent with the Engineering Design Plans to be prepared by Midwest Consulting Engineering, Inc., and shall be completed prior to the issuance of any occupancy permit for Phase II of the development. It is agreed that at the Village's discretion a cash contribution for the construction of Buffalo Grove Road will be paid by the Developer in lieu of 2015694 10 construction of Buffalo Grove Road. This contribution shall be in an amount equal to the fraction of the Developer's frontage in proportion to the total frontage along the proposed Buffalo Grove Road alignment multiplied by the total cost of the improvement of Buffalo Grove Road along this alignment in accordance with the estimate of cost for the project as approved by the Federal Highway Adminis- tration. D. BUSCH ROAD IMPROVEMENT. The improvement of the full width of the east leg of the Busch Road and Buffalo Grove Road intersection as identified by Midwest Consulting Engineering, Inc., in conjunction with the design study of the Buffalo Grove Road improvement shall be constructed by the Developer in conjunction with Phase II. At the discretion of the Village, a cash contribution from the Developer shall be paid in lieu of this construction. A left turn lane shall also be provided on Busch Road at the intersection with the collector street in conjunction with Phase I. BUILDING AND LANDSCAPING PLANS 14. As required under Village Ordinance No. 72-12 and all amendments thereto, Developer will submit building and landscaping plans (which landscaping plans shall conform to the requirements of Village Ordinances), for approval by the Appearance Commission and the Corporate Authorities before commencing con- struction of buildings. It is further agreed that the Developer shall submit to the Appearance Commission and Corporate Authorities for examination and approval a proposed plan for each different model multi-family building to be constructed upon the Property. Developer further agrees that in the event no plan for construction for Parcel B has been approved by the completion of Phase II of the development, Parcel B will be graded and seeded with prairie grass upon the completion of Phase II of the development. 2015694 11 DRAINAGE PROVISIONS 15. Developer shall fully comply with any reasonable request of the Village Engineer related to placement of buildings on lots, to preserve drainage standards. Developer shall install 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. The submissions required by Developer by this paragraph 15 shall not be required until Developer is prepared to apply for building permits, however, all submissions will comply with the provisions of Exhibit G of this Agreement. In the event the property is developed as condominiums, upon the recordation of the declaration of condominium, the Developer agrees to donate $50.00 per condo- .. "✓_ ... minium unit to the condominium homeowners association for the sole and exclusive purpose of the maintenance and care of the privately owned pond areas located on Parcel A. LIBRARY DISTRICT PROVISIONS 16. Developer agrees, at the request of the Vernon Area Library District, to annex any part or all of the Property to said library district. PARK DISTRICT PROVISIONS 17. The Developer agrees, at the request of the Buffalo Grove Park District, to annex any part or all of the Property to said park district. The Developer has reached agreement with the Buffalo Grove Park District in satisfaction of Ordinance No. 77-72 concerning parks. This agreement is attached as Exhibit J to this Agreement. 2015694 12 BUILDING PERMIT FEES 18. Building permit fees may be increased from time to time, as long as said permit fees are applied consistently to all other similar developments in the Village to the extent possible. In the event a conflict arises between the Developer and Village on any engineering or technical matter subject to this Agreement, the Village reserves the right to pass along any and all additional expenses incurred by the use of consultants in the review and inspection of the subdivision. The Village reserves the right to amend its Building and/or Subdivision Regulations, from time to time. Developer shall pay any non-discriminatory new or additional fees hereafter charged by the Village to developers of property within the Village. SECURITY FOR PUBLIC AND PRIVATE SITE IMPROVEMENTS 19. In lieu of any bonds or deposits required for site improvements under Village Ordinances and Administrative Order #2 made a part hereof as Exhibit E, except for sanitary sewer inspection deposits and the Subdivision Improvement Agreement cash deposit, the Developer may, at its election, furnish to the Village an irrevocable letter of credit issued by a sound and reputable banking or financial institution authorized to do business in the State of Illinois, or other security acceptable to the Village, in an amount equal to the amount of bonds or deposits required by Village Ordinances. Said irrevocable letter of credit or other security shall be limited to the amount required for site improvements specified in Administrative Order #2 (including but not limited to improvements, both public and private, such as earth work, streets, driveway, and parking area pavements, sidewalks, sanitary and storm sewers, water mains, drainage and storm retention facilities, site grading, street lighting, and landscaping) for those areas of the Property which have received final subdivision approval by the Village. All performance guarantees and approvals thereof shall be in accordance with Exhibit E and an approved Subdivision Improvement Agreement. 13 2015694 FACILITATION OF DEVELOPMENT 20. Time is of the essence of this Agreement, and that all parties will make every reasonable effort to expedite the subject matters hereof. It is further understood and agreed that the successful consummation of this Agreement and the development of the Property in the best interests of all the parties requires their continued cooperation. The Developer does hereby evidence his intention to fully comply with all Village requirements, his willingness to discuss any matters of mutual interest that may arise, and his 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 provisions of this Agreement. ENFORCEABILITY OF AGREEMENT 21. This Agreement shall be enforceable 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 contained. If any provision of this Agreement is held invalid, such provision shall be deemed to be excised herefrom and the invalidity thereof shall not affect any of the other provisions contained herein. TERM OF AGREEMENT 22. This Agreement will be binding on all parties for a term of five (5) years from the later of the date of the execution of this Agreement by the Village, or the effective date of the zoning reclassification provided in paragraph 4. BINDING EFFECT OF AGREEMENT 23. This Agreement shall be binding upon the parties hereto, their respective successors and assigns provided, however, that in the event Developer's 2015694 14 obligations hereunder are assumed in writing (and a copy of which assumption is delivered to the Village) by a successor to Developer's interest in the Property, the Village agrees to look solely to Developer's successor for the performance of Developer's obligation hereunder. DEVELOPER CONTRIBUTIONS 24. Developer agrees to comply with the provisions of Ordinance No. 77-72 regarding school and park donations in accordance with paragraphs 24 and 25 of this Agreement. Developer agrees that he will make contributions of money, in lieu of contributions of land, for school sites. Such contributions shall be paid to the Village concurrently with the issuance by the Village of the building permit for each dwelling unit constructed on the Property. The contribution amount shall be based upon the estimated number of children produced per dwelling unit as estimated on the "Table of Estimated,Ultimate Population Per Dwelling Unit", as published by the Illinois School Consulting Service, except for School District 102 which contribution will be in excess of such table. The most recent such Table was published on January 15, 1977, and was incorporated herein as Exhibit F. Pursuant to such Table, the amount to be contributed is as follows: A. 1. For each dwelling unit containing three (3) bedrooms, the amount of $369.57. 2. For each dwelling unit containing two (2) bedrooms, the amount of $217.40 B. The total cash contribution to School District 102 for Parcel A is estimated to be $67,400.00, and the total cash contribution to School District 125 for Parcel A is estimated to be $12,382.50. These contributions do not pertain to Parcel B, and the Village may require contributions as to Parcel B upon the development thereof, or at a later date. 2015694 15 Developer agrees to make contributions to the Library and Fire Districts in accordance with any future Village Ordinances requiring such contributions to the extent the same are non-discriminatory. DEDICATION PARCELS 25. The parcels designated as bicycle paths or for park/detention (the "Dedication Parcels") as shown on Exhibit B, shall be deeded by trustee's deed to the Village at the time of the recording of the plat of subdivision of that portion of the Property containing such Dedication Parcels as shall be shown on the Phasing Plan. At Developer's expense, Developer shall provide the Village with a title insurance policy in the amount of One Thousand Dollars ($1,000.00) regarding the Dedicated Parcels. Developer will cause to be prepaid and will deliver plats of all portions of the Property which are to be conveyed and/or dedicated, and Developer warrants that all real estate taxes, including any dual valuation real estate taxes to the date of acceptance will be paid. All dedications shall conform with the requirements of Village Ordinance 77-72 and any subsequent agreements between Developer and the Village Park District. If requested by the Village the Developer agrees to convey to the Village within 30 days of such request the land in the future right-of-way of Buffalo Grove Road and/or Busch Road. At the Village's option the Developer will convey this land by either (1) a trustee's deed, (2) a plat of right-of-way dedication, or (3) in conjunction with a plat of subdivision of one of the phases. PROJECT MODELS 26. The Village agrees to permit the Developer to construct and maintain a model area on the Property, consisting of a maximum of three (3) buildings for the model area, together with suitable off-street parking areas, all subject to Appear- . 2015694 16 ance Commission approval. Such construction shall be in compliance with the provisions of the Village's Building Code, in existence at the time of building permit issuance. Further, the Developer may utilize models or a residence as a project office for the marketing of portions of the Property; provided, however, that such use shall be discontinued when the project contemplated herein has been fully and finally completed. CORPORATE CAPACITIES 27. The parties acknowledge and agree that the individuals who are members of the group constituting the Corporate Authorities are entering into this Agreement in their official capacities as members of such group and shall have no personal liability in their individual capacities. NOTICES 28. Any notice required pursuant to the provisions of this Agreement shall be in writing and sent by certified mail, to the following addresses (until notice of change of address is given), and shall be deemed received on the second business day following deposit in the U.S. Mail: If to Developer: Dearborn Development Co. P.O. Box L Prospect Heights, Ill. 60070 Copy to Martin F. Hauselman 39 South LaSalle Street Chicago, Illinois If to Village: Village Clerk Village of Buffalo Grove 50 Raupp Boulevard Buffalo Grove, Ill. 60090 Copy to Bloche French & Raysa 1011 Lake Street Oak Park, Illinois Attn: William Raysa 2015694 17 TRUSTEE EXECUTION 29. This instrument is executed by CHICAGO TITLE AND TRUST COMPANY, not personally, but solely as Trustee aforesaid, in the exercise of the power and authority conferred upon and vested in it as such Trustee. All the terms, provisions, stipulations, covenants and conditions to be performed by the Trustee are undertaken by it solely as Trustee, as aforesaid, and not individually and all statements herein made are made on information and belief and are to be construed accordingly, and no personal liability shall be asserted or be enforceable against the Trustee by reason of any of the terms, provisions, stipulations, covenants and/or statements contained in this instrument. DEFAULT 30. In the event Developer defaults in his performance of his obligations set forth in this Agreement, and at such time, the Village is not in default in its obligations, then the Village may, upon notice to Developer, allow Developer one hundred eighty (180) days to cure such 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. If Developer fails to cure such default or provide such evidence as provided above then with notice to Developer, the Village may begin proceedings to disconnect from the Village any portion of the Property upon which development has not commenced, or at the option of the Village to rezone Parcel A to the R-1 District zoning classification. In such event, this Agreement shall be considered to be the petition of the Developer to disconnect such portion of the Property, or at the option of the Village to rezone Parcel A to the R-1 District Zoning Classification. 2015694 18 IN WITNESS WHEREOF, the Corporate Authorities, Owner and Developer have caused this instrument to be executed by their respective proper officers duly authorized to execute the same on the day and year first written above. ATTEST: THE VILLAGE OF BUFFALO GROVE, a Municipal Corporation of the State of Illinois r f I Village President UP s Z qf a 2015694 19 ATTEST: CHICAGO TITLE AND TRUST COMPANY, not personally but as Trustee under a Trust Agreement dated December 6, 1972 and known as Trust No. 61142 By: �' / (y �µ 5yry,yn Am.VICE PRES WEN d flu ♦ d Oy %R�RETA.u'y,l' ..�— ��j� R�Ir �Wsr" 'p"y �} �('N �o� y� ,N � " BE T . HOFFMAN " ' DEARBORN DEVELOPMEN t COMPANY, an Illinois corporation ecre ary Presi 2015694 20 gust 101 1979 AN AGREE1iE1dT The follo;,ing is an agreement between the Board of Commissioners of the Buffalo Grove Park District, Buffalo Grove, Illinois ' (hereinafter known as the "District") and Dearborn Development Co. , _►•;r. Sonny LaBrant, president, Arlington Heights, Illinois (hereinafter known as the "Developer") regarding open space donations from the "Developer" to the "District" that have been determined by population projections engendered by the "Hidden Lakes" development project at Busch Road and Buffalo Grove Road (extended) , Buffalo Grove, Illinois: 1. The "Developer" shall donate to the "District" and active-use site designated as "open space D" of approximately 1. 25 acres, located at the southeast corner of the subject development and identified on the preliminary plan dated last revised 7/18/79. Said donation shall be monitored in accordance with the regulations of the Village of Buffalo Grove as set out in Village Ordinance 77-72. 2. The "Developer" shall donate to the "District" an area for a paved bil:epath and designated as "open space C" of approximately 0. 54 acres, located on the south borderof the subject development in an east-west congiguration, and in addition, shall provide a connecting paved bikepath inside "open space D" adjacent to the north border of "open spL:ce D" . Said donation shall be monitored all in accordance with the preliminary plan dated 7/18/79 with the regulations of the Village of Buffalo Grove as set out in Village Ordinance 77-72. 3. The bikepath system and design of "open space D" shall be coordinated with the active-use provisions and detention requirements of the adjoininq 2.5', acre park- detention site of the 13offman Group development known as "Highland Grove" , all in accordance with the approved engineering plans for the project and land-use plans of the "District" . 4. The "Developer" shall donate the sum of $48, 500. 00 "in lieu" of the provisions for active-use land donation requirements not being met. Said donation having been determined mutually by the "Developer" and the "District" in negotiations at the regular meeting of tine Board of Commissioners of August 9, 1979, and all monies to be collect-_,:, in escrow by the Village, according to provisions in its Ordinance $77--72. -- /` 9�i Dearb ropir t t Co. B Grove Park��istrict Presi ici, �' Pnt 2 415.6 9 . �%r//x-i�iJ C-(�jI�C.P�•�_��-Q�CC%�''�-E'r'�t1�1n L� STATE OF ILLINOIS ) SS. COUNTIES 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 a true copy of Ordinance No. - adopted on the O�+ day of 19-l')910 by the Village Board of the Village of Buffalo Grove as shown by the records in my custody. IN WITNESS WHEREOF, 1 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 < day of 19 _• ; � r Village Clerk s Urs ` a : FP a� 71 RECORDER LAKE COUtiTY, ILL.i N(M,, 1 &UG 22 ;r 1