1976-046 ORDINANCE NO. 7 6-
AN ORDINANCE AUTHORIZING THE EXTENSION OF ANNEXATION
AGREEMENT DATED JUNE 8 , 1970 BY AND BETWEEN THE VILLAGE OF
BUFFALO GROVE, ILLINOIS AND WHEELING TRUST AND SAVINGS BANK,
AS TRUSTEE UNDER TRUST NO. 723.
WHEREAS , the Annexation Agreement hereinabove described
in the title hereof will by its terms expire December 1, 1976
and
WHEREAS , Sections 11-15 . 1-1 et seq . , Chapter 24, Illinois
Revised Statutes 1971, authorizes the extension of an Annexa-
tion Agreement by mutual consent of the parties , and
WHEREAS, in 1971 the Midwest Bank and Trust Company of
Elmwood Park, Illinois , as Trustee, under Trust No . 71-10-671
purchased and obtained from Wheeling Trust and Savings Bank
as Trustee under Trust No. 723 all interest in and to Parcel A
legally described as follows :
Parcel "A"
That part of the Southwest 1/4 of Section 33,
Township 43 North, Range 11 East of the 3rd Principal
Meridian described as follows : Beginning at a point
in the center line of State Route No. 83, said point
being 108. 0 feet north of (measured perpendicular to)
the south line of said southwest 1/4; thence West ,
parallel with the south line of said southwest 1/4,
377. 01 feet; thence North 1 degree 31 minutes 20
seconds East, 51. 05 feet ; thence North 81 degrees
2 minutes 22 seconds West, 183. 90 feet; thence
North 11 degrees 38 minutes 16 seconds West, 250.85
feet; thence East 528.83 feet to the center line of
Illinois State Route 83 ; thence southeasterly along
said center line to the point of beginning in Lake
County, Ill.
WHEREAS, the parties to the Agreement, their successors
""""and' assigns all deem it to their best interests to extend
the Agreement for a period of two years from December 1, 1976,
but only as Parcel "A".
NOW, THEREFORE, be it ordained by the President and Board
of Trustees of the Village of Buffalo Grove, Cook and Lake
Counties, Illinois :
from December 1, 1976 the Annexation Agreement dated June 8,
1970 by and between the Village ofBuffalo Grove and Wheeling
Trust and Savings Bank as Trustee under Trust No. 723 as to
Parcel A. Said extension to be effective with respect to the
successors and assigns of the Agreement.
SECTION 2 : The original Agreement shall be extended,
as to Parcel A, to and including December 1, 1978, as per copy
of Extension Agreement attached hereto and made a part hereof
as Exhibit A.
SECTION 3 : This Ordinance shall be in full force and
effect from and after its passage and approval according to
law.
AYES NAYES 0 ABSENT,_®.../-.
PASSED�/ 1976.
APPROVED 1976.
APPROVED:
17
- -Village rest ent
ATTEST:-
-3- ag a er
EXTENSION AGREEEMSNT
THIS AGREEMENT is entered into this day of
, 1976 by and between the Village of Buffalo
Grove, an Illinois Municipal Corporation, and Midwest Bank and
Trust Company of Elmwood Park, an Illinois Corporation, as
Trustee under Trust No. 71-10-671 ,
WITNESSETH:
WHEREAS, the Village of Buffalo Grove and Wheeling Trust
and Savings Bank as Trustee under Trust No. 723 entered into
an Annexation Agreement on June 8, 1970, and
WHEREAS , the Annexation Agreement hereinabove described
will expire on its terms December 1, 1976 , and
WHEREAS , Midwest Bank and Trust Company of Elmwood Park,
as Trustee under Trust No . 71-10-671 purchased and obtained
from Wheeling Trust and Savings Bank as Trustee under
Trust No. 723 all interest in and to Parcel A, of said Annexa-
tion Agreement which is legally described as follows :
Parcel "A" :
That part of the Southwest 1/4 of Section 33,
Township 43 North, Range 11 East of the 3rd Principal
Meridian described as follows : Beginning at a point
in the center line of State Route No. 83, said point
being 108 . 0 feet north of (measured perpendicular to)
the south line of said southwest 1/4; thence West ,
parallel with the south line of said southwest 1/4,
377 . 01 feet; thence North 1 degree 31 minutes 20
seconds East, 51. 05 feet; thence North 81 degrees
2 minutes 22 seconds West, 183. 90 feet; thence
North 11 degrees 38 minutes 16 seconds West , 250.85
feet; thence East 528.83 feet to the center line of
Illinois State Route 83; thence southeasterly along
said center line to the point of beginning in Lake
County, Ill.
and,
WHEREAS, the parties to this Agreement deem it to their
1. That the hereinabove described Annexation Agreement
be extended, as to Parcel A only, to and including December 1, 1978.
VILLAGE OF BUFFALO GROVE MIDWEST BANK AND TRUST COMPANY
OF ELMWOOD PARK, ILLINOIS AS
TRUSTEE UNDER TRUST NO. 71-10-671
BY:
illage resident
BY:
ATTEST: TEST• f'
i age er