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1985-028 2.3807 � 2 ORDINANCE NO. 85- 28 AN ORDINANCE APPROVING ANNEXATION AGREEMENT (High Point Plaza) WHEREAS, the Village of Buffalo Grove is a Home Rule Unit by virtue of the Illinois Constitution of 1970; and, WHEREAS, there has heretofore been submitted to the Corporate Authorities of the Village of Buffalo Grove a petition to annex the property legally described in Exhibit "A" hereto; and, WHEREAS, there has been submitted to the Corporate Authorities of the Village of Buffalo Grove an Annexation Agreement; and, WHEREAS, proper and due notices of public hearings on said Annexation Agree- ment and Zoning have been given and public hearings were held; and, WHEREAS, it is determined to be in the best interests of the Village of Buffalo Grove to approve said Annexation Agreement: 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. The Annexation Agreement, a copy of which is attached hereto and made a part hereof as Exhibit "A" is approved. SECTION 2. The President and Clerk of the Village are hereby authorized to execute said Agreement on behalf of the Village of Buffalo Grove. SECTION 3. This Ordinance shall be in full force and effect from and after its passage and approval. This Ordinance shall not be codified. AYES: 5 - Glover, Reid, Shields, Kowalski, President Clayton NAYES: 1 - O'Reilly � � .__ ............. ABSENT: 1 - Marienthal PASSED. June 3 1985 APPROVED: June �3 1�8 985 APPROVE mm, . ....... .... ....... „ w� ' VERNA L. CLAYTON, Village Presi' i.t ATTEST],,-'ji ' t. Villa m S iej� `"� . I 3/6/85 Draft 5/16/85 Revised 5/28/85 FINAL HIGH POINT PLAZA ANNEXATION AGREEMENT TABLE OF CONTENTS 1. Applicable Law. 2 2. Agreement: Compliance and Validity. 2 3. Enactment of Annexation Ordinance, 2 4. Enactment of Zoning Ordinance. 3 5. Exhibits. 3 6. Annexation Fee. 3 7. Annexation to the Buffalo Grove Park District. 3 8. Facilitation of Develo ment. 3 9. Enforceability of the Agreement. 4 10. Term of Agreement. 4 11. Binding Effect of Agreement. 4 12. Corporate Capacities. 4 13. Notices. 4 14. Default. 5 2380742 3/6/85 Draft 5/16/85 Revised 5/28/85 FINAL HIGH POINT PLAZA ANNEXATION AGREEMENT This agreement (hereinafter referred to as the "Agreement") made and entered into this 3rd day of June, 1985, by and between the VILLAGE OF BUFFALO GROVE (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") and FIRST NATIONAL BANK OF LAKE FOREST AS TRUSTEE UNDER TRUST NO. 1920, dated February 19, 1962, (hereinafter referred to as "Owner"). W I T N E S S E T H: WHEREAS, the Village of Buffalo Grove is a Home Rule Unit by virtue of the provisions of the Constitution of the State of Illinois of 1970; and, WHEREAS, Owner is the owner of a certain tract of property comprising 1.386 acres legally described as identified in the Petition for Annexation, which is attached hereto as EXHIBIT A, which exhibit is made a part hereof (hereinafter referred to as the "Property") and which real estate is contiguous to the corporate limits of the Village; and, WHEREAS, pursuant to the provisions of Section 11-15.1-1 et. seq. , of the Illinois Municipal Code (Chapter 24, Illinois Revised Statutes 1983) a proposed Annexation Agreement, in substance and in form substantially 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; and, WHEREAS, pursuant to due notice and advertisement in the manner provided by law, the Plan Commission of the Village has held such public hearing prescribed by law and made their recommendations with respect to the requested zoning classification in the B-3 District; and, 2380742 1 4 WHEREAS, the President and Board of Trustees after due and careful consideration have concluded that the annexation of the Property to the Village and its zoning and development on the terms and conditions herein set forth would further enable the Village to control the development of the area and would serve the best interests of the Village. NOW, THEREFORE, in consideration of the premises, mutual covenants and agreements herein set forth, the parties hereto agree as follows: 1. Applicable Law. This Agreement is made pursuant to and in accordance with the provisions of Section 11-15.1-1 et. seq. , of the Illinois Municipal Code (Chapter 24, Illinois Revised Statutes 1983) and the Village's Home Rule powers. The preceding whereas clauses are hereby made a part of this Agreement. 2. Agreement: CoMpliance and Validity. The Owner has filed with the Village Clerk of the Village a proper petition (EXHIBIT A hereto) pursuant to and in accordance with provisions of Section 7-1-8 of the Illinois Municipal Code (Chapter 24, Illinois Revised Statutes 1983) , conditioned on the execution of this Agreement and compliance with the terms and provisions contained herein, to annex 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 Property is validly annexed to the Village and is validly zoned and classified in the B-3 District, all as contemplated in this Agreement and within the timeframe set forth in paragraphs 3 and 4 hereof. 3. Enactment of Annexation Ordinance. The Corporate Authorities within twenty-one (21) days of the execution of this Agreement by the Village will enact a valid and binding ordinance (hereinafter referred to as the "Annexation Ordinance") annexing property to the Village. Said Annexation Ordinance shall be recorded with the Lake County Recorder's Office along with the Plat of Annexation 5/28/85 2380742 (attached hereto as EXHIBIT B). Recordation shall take place no more than thirty (30) days after enactment of Annexation Ordinance. 4. Enactment of Zoning Ordinance. Within twenty-one (21) days after the passage of the Annexation Ordinance, the Corporate Authorities shall adopt a proper, valid and binding ordinance, zoning property in the B-3 District subject to the restrictions further contained herein and all applicable ordinances of the Village of Buffalo Grove as amended from time to time. Said zoning shall be further conditioned on the development of the property in accordance with the terms and conditions of the High Point Plaza Planned Unit Development Agreement dated M14 n t .3, 1985 which was approved pursuant to Ordinance No. 85-At. 5. Exhibits. The following EXHIBITS, some of which were presented in testimony given by the Owner or the witnesses during the hearings held before the Plan Commission and the Corporate Authorities prior to the execution of this Agreement, are hereby incorporated by reference herein, made a part hereof and designated as shown below. This Agreement, upon execution by the parties, together with copies of all EXHIBITS, shall be kept on file with the Village Clerk and be available for inspection to the parties hereto. EXHIBIT A Petition for Annexation of Property EXHIBIT B Plat of Annexation 6. Annexation Fee. Owner agrees to pay an annexation fee in an amount equal to $600 per acre which fee shall be payable prorata at issuance of building permits. However, this fee shall be paid in full prior to the expiration of this Agreement. 7. Annexation to the Buffalo Grove Park District. The Owner agrees, at the request of the Buffalo Grove Park District, to annex any part or all of the subject Property to said Park District. 2380'742 5/28/85 3 8. Facilitation of Develo went. Time is of the essence of this Agreement, and 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 Owner 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. 9. Enforceability_ of the Agreement. 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 described. If any provision of this Agreement is held invalid, such provisions shall be deemed to be excised herefrom and the invalidity thereof shall not affect any of the provisions contained herein. 10. Term of A reement. This Agreement will be binding on all parties for a term of twenty (20) years from the date of the execution of this Agreement by the Village. This Agreement shall not be assigned without prior written consent of the Village. 11. Binding Effect of A reement. This Agreement shall be binding upon the parties hereto, their respective successors and assigns. 12. Corporate Capacities. The parties acknowledge and agree that the individuals that 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. 5/28/85 2380742 4 13. Notices. Any notice required pursuant to the provisions of this Agreement shall be in writing and be sent by certified mail to the following addresses until notice of change of address is given and shall be deemed received on the fifth business day following deposit in the U.S.Mail. If to Owner: Michael Downing Miller, Forest, Downing, Rodman & Huszagh, Ltd. 800 Waukegan Road Glenview, Illinois 60025 Copy to: Tony Valenziano 629 Buckthorn Terrace Buffalo Grove, Illinois 60090 If to Village: Village Clerk Village of Buffalo Grove 50 Raupp Boulevard Buffalo Grove, Illinois 60090 Copy to: William G. Raysa Bloche' , French & Raysa 1011 Lake Street Oak Park, Illinois 60301 14. Default. In the event Owner or Developer defaults, in his performance of his obligations set forth in this Agreement, then the Village, may, upon notice to Owner allow Owner sixty (60) days to cure 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 Owner fails to cure such default or provide such evidence as provided above, then, with notice to Owner, the Village may begin proceedings to disconnect from the Village any portion of the Property upon which development has not been completed or at the option of the Village, to rezone such Property to the R-1 District zoning classification. In such event, this Agreement shall be considered to be the petition of the Owner to disconnect such portion of the Property, or at the option of the Village to rezone such Property to the R-1 District zoning classification. 5/28/85 2380742 5 IN WITNESS WHEREOF, the Corporate Authorities and Owner have caused this instrument to be executed by their respective proper officials duly authorized to execute the same on the day and the year first above written. VILLAGE OF BUFFALO GROVE ATTEST: � V A L. CLAYTON, Villa resident 't �3 OWNER �. k A The N ticnal B: nk of Lake Forest as Trustee U/Agmt. 6L: cd 9 , 62& known as Trust# [9 zo & not personally or individually p J y s„�ry� f '"Ityr°kri • t t t9R �: a 1=xenereti5n Frovlslon resf�ricting any liabilifg oL of tna First National Lank of Lake Forest either starnpad on the rc.%/erse side hereof or, attached hereto, is incorporated herein) ft! , I UST ONCE p - It is expressly understand and agreed by and between the parties hereto, anything herein to the contrary notwithstanding that each and all of the warrantles,inden-miti^s,representations. convenants,undertakings and agreements herein made on the part Of the Trustee while In form purporting to the warranties, 'nderrnities, represental ions. ^onvenants, undertakings and agreements Of said Trustee ene neverthel:,ss each and ev,,ry one of them, representations,convrnants,undertskinETs and a-reems=n*s F the made and intended not as n�rsonal warranties, indemnities. y Trusfee or for the p"r—"or,ni•i rho inrenti-,n of binding said [Trusted personally but are made ar ia intend d f:,r he ruroose (4 binding only that portion of the trust property specifically idescrlbed herein. and this Instrument Is C xec"Ad and delivered rw acid trustee ri-t to Zia nw. i tot,uut;nlety mine exercise of the rowers conferred upon It a>aur,;r"r.is e�:. ^nit that n p^rsonal :.ability or•ersr nal responsibility is ass•.imed by nor shall at 'any time be assertad or enmore n';I> `tnf,t th-,-Lst:ia ionat 'an of Lake Forest or anv of is'::ne't°-j—l— mner said Trust Agreement, on account of this Instrument or on arx.�q ct an.warranty,indemnity, representations covenant,undertaking or )agreement of the said Trustee In till.: Instrument r°+,-°aln,,.t �Ir .,rsced nr�mpiiIn_ a°t c—d i ; [Bxpressly waived and .�Iaaeed. 'ii'v t'inv belnv 5/28/85 2280742 6 9 238070 The North 145.13 Feet, measured on the West Line of the West 436.90 Feet, measured on the North Line of Lot 12, in Buffalo Grove Manor, being a Subdivision of part of the South Half of Section 33, Township 43 North, Range 11 East of the Third Principal Meridian, according to the Plat thereof recorded June 21, 1950, as Document 701006, in Book 32 of Plats, Page 28, in Lake County, Illinois EXHIBIT A HIGH POINT PLAZA ANNEXATION VILLAGE OF BUFFALO GROVE �T � 2. . .'30742 RECORDER LAKE COUNTY. ILLINOIS J 1985 SEP -3 PH 1= 22 STATE OF ILLINOIS ) SS. COUNTIES OF COOK & LAKE ) I , JANET M. SIRABIAN, hereby certify that 1 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. 1 hereby further certify that the attached is a true copy of Ordinance No. adopted on the day of 19 , by the Village Board of the Village of Vuffalo 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 �. Village Clerk �y �D