1985-064 ORDINANCE NO. 85-64
AN ORDINANCE APPROVING A PLANNED UNIT DEVELOPMENT
IN THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS
(Riverwalk)
WHEREAS, the Village of Buffalo Grove is a Home Rule Unit by virtue of the
Illinois Constitution of 1970; and
WHEREAS, the hereinafter legally described real property was annexed into
the Village of Buffalo Grove pursuant to an annexation agreement which was
approved by Ordinance No. 84-10 dated January 30, 1984; and
WHEREAS, a request has been made to develop the property in the B-3 Zoning
District; and
WHEREAS, notice of a public hearing for Preliminary Plan approval of said
property has been given and a public hearing was held:
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 Planned Unit Development Agreement dated October 14, 1985,
which agreement is by reference made a part hereof, along with all Exhibits is
hereby approved. The area within said Planned Unit Development Agreement is
legally described as follows:
That part of the southeast quarter of Section 35, Township 43 North, Range
11, east of the Third Principal Meridian and a part of Columbian Gardens Unit 2;
being a subdivision in part of the aforesaid Section according to the plat
thereof recorded as Document 282352, said parcel being described as follows:
Commencing at the southwest corner of said Columbian Gardens Unit 2 (said point
being in the centerline of Milwaukee Avenue) : Thence easterly along the
southerly line of said Columbian Gardens Unit 2 to the easterly line of said
Milwaukee Avenue; thence northerly along the easterly line of said Milwaukee
Avenue to the northerly line of Marquette Place in said Columbian Gardens Unit 2;
thence easterly along said northerly line and its easterly extension to the
northerly extension of the westerly line of Lot 2, Block 9, in said Columbian
Gardens Unit 2; thence southerly along said westerly line extended to the
northwest corner of said Lot 2; thence easterly to the northeast corner of said
Lot 2; thence southerly to the southeast corner of said Lot 2; thence easterly
along the northerly line of Lot 6, Block 9, and its easterly extension to the
easterly line of Long Beach Drive; thence southerly, easterly and southerly along
the easterly, northerly and easterly lines of said Long Beach Drive to the
easterly extension of the southerly line of Block 10 in said Columbian Gardens
-1-
-2-
Unit 2; thence westerly along said south line to a point which is north 00
degrees 00 minutes east from a point on the south line of the southeast quarter
of said Section 35 which is 950.0 feet east from its intersection with the
centerline of said Milwaukee Avenue; thence south 00 degrees 00 minutes east to
the south line of said southeast quarter of Section 35, thence west along said
south line 950.0 feet to the center line of said Milwaukee Avenue; thence
northerly along said centerline to the point of beginning (except that part
falling in Milwaukee Avenue and Lake-Cook Road) and (except Lot 11 in Block 10 in
said Columbian Gardens Unit 2) in Lake County, Illinois.
Section 2. This Ordinance shall be in full force and effect on and after
its passage and approval. This Ordinance shall not be codified.
AYES: 5 - Marienthal, Glover, Reid, Shields, Kowalski
NAYES: 1 - O'Reilly
ABSENT: 0 - None
PASSED: October 14, 1985 APPROVED October 14, 1985
APPROVED:
G"
VERNA L. CLAYTON, Village esident
ATTEST:
Vill e Clerk
DRAFT 10/7/85
REVISED 10/10/85
FINAL 10/14/85
RIVERWALK PLANNED UNIT DEVELOPMENT AGREEMENT
TABLE OF CONTENTS
1. Applicable Law. 2
2. Agreement: Compliance and Validity. 2
3. Enactment of Zoning Ordinance. 2
4. Approval of Plats. 3
5. Compliance with Applicable Ordinances. 3
6. Amendment of Plan. 3
7. Building, Permit Fees. 4
8. Water Provision. 4
9. Storm and Sanitar Sewer Provisions. 5
10. Drainage Provisions. 6
11. Owner Recapture of Utility Costs. 6
12. Payment of Recapture Fees Owed. 7
13. Security for Public and Private Site Improvements. 7
14. Exhibits. 8
15. Buildin , Landsca2ing and Aesthetics Plans. 8
16. Facilitation of Development. 8
17. Enforceability of the Agreement. 9
18. Binding Effect of Agreement. 9
19. Corporate Capacities. 9
20. Notices. 9
21. Default. 10
22. Special Conditions. 10
DRAFT 10/7/85
REVISED 10/10/85
FINAL 10/14/85
RIVERWALK PLANNED UNIT DEVELOPMENT AGREEMENT
This agreement (hereinafter referred to as the "Agreement") made and entered
into this 14th day of October, 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 LaSalle National Bank, not personally but as Trustee under
TRUST #110049 dated 7/2/85 (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
17.5 acres legally described and identified EXHIBIT A, which exhibit is made a
part hereof (hereinafter referred to as the "Property") and which real estate is
within the corporate limits of the Village; and,
WHEREAS, said Property is subject to an Annexation Agreement approved by
Ordinance No. 84-10 dated January 30, 1984; and,
WHEREAS, Owner desires and proposes pursuant to the provisions and
regulations applicable to the B-3 Zoning District of the Village Zoning Ordinance
to develop the Property in accordance with and pursuant to a certain Phasing Plan
prepared by Wilson/Jenkins & Associates, Inc. , and also a Preliminary Plan
prepared by Cowhey Associates, Ltd, and dated as last revised October 10, 1985,
(hereinafter jointly referred to as the "Preliminary Development Plan") , a copy
of which Preliminary Development Plan is attached hereto as EXHIBIT C and
1
EXHIBIT D and incorporated herein, and subject to all other exhibits attached
hereto or incorporated by reference herein.
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 Planned Unit
Development; and,
WHEREAS, the President and Board of Trustees after due and careful
consideration have concluded that the zoning and development of the Property 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 to as follows:
1. Applicable Law. This Agreement is made pursuant to and in accordance
with the provisions of Section 17.28.060 of the Village's Zoning Ordinance and
the Village's Home Rule powers. The preceding whereas clauses are hereby made a
part of this Agreement.
2. A reement: Compliance and Validity. It is understood and agreed that
this Agreement in its entirety, shall be null, void and of no force and effect _
unless property is approved as a Planned Unit Development, all as contemplated in
this Agreement.
3. Enactment of Zonin& Ordinance. The zoning of said Property shall be
further conditioned on the development of the Property in accordance with a
Phasing Plan prepared by Wilson/Jenkins & Associates, Ltd. , (EXHIBIT C) , and the
Preliminary Plan prepared by Cowhey Associates, Ltd. , and dated as last revised
October 10, 1985 (EXHIBIT D.)
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4. A roval of Plats. The Corporate Authorities hereby approve a
Preliminary Development Plan (EXHIBITS C & D) pursuant to the provisions of the
Development Ordinance and in addition agree to approve a Final Plan of
Development or plats or phases of the development of the Property upon submission
by the Owner of complete and proper materials as required for the issuance of
appropriate building and other permits based on final versions of the plans and
drawings of the development of the Property as submitted by the Owner provided
that the plat or plats shall:
(a) conform to the Preliminary Development Plan, (EXHIBITS C & D); and
(b) conform to the terms of this Agreement and all applicable Village
Ordinances as amended from time to time; and
(c) conform to the Development Improvement Agreement (EXHIBIT B) as amended
from time to time.
It is understood and agreed that the final subdivision plat or plats that
will hereinafter be submitted by the Owner shall conform to the Preliminary
Development Plan.
5. Comaliance with Aeplicable Ordinances. The Owner agrees to comply with
all ordinances of the Village of Buffalo Grove as amended from time to time in
the development of the Property, provided that all new ordinances, amendments,
rules and regulations relating to zoning, building and subdivision of land
adopted after the date of this Agreement shall not be arbitrarily or _
discriminatorily applied to the Property but shall be equally applicable to all
property similarly zoned and situated to the extent possible. Owner, in the
development of the Property shall comply with the standards set forth .in the
Village of Buffalo Grove Development Ordinance as amended from time to time.
6. Amendment of Plan. If the Owner desires to make changes in . the
Preliminary Development Plan, as herein approved, the parties agree that such
changes in the Preliminary Development Plan will require, if the Village so
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3
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 Development
Plan. The Village Manager is hereby authorized to approve such minor changes as
he deems appropriate, provided that no such change: (a) involves a reduction of
the area set aside for common open space; nor (b) increases by more than two
percent (2%) the floor area proposed for nonresidential use; nor (c) increases
by more than two percent (2%) the total ground area covered by buildings.
7. Building Permit Fees., The building permit fees may be increased from
time to time so long as said permit fees are applied consistently to all other
developments in the Village to the extent possible. In the event a conflict
arises between the Owner and the Village on any engineering and technical matters
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 development from time to time. Owner shall pay any
non-discriminatory new or additional fees hereinafter charged by the Village to
Owner or property within the Village.
8. Water Provision. The Owner shall be permitted and agrees to tap on to
the Village water system at points recommended by the Village Engineer which
points to the extent shown on EXHIBIT D are hereby approved by the Village,
however, it is understood that changes to the Preliminary Engineering Plan may be
required at the time of Final Engineering. The Owner further agrees to pay to
the Village such fees in accordance with the applicable Village Ordinances at the
time of the issuance of the water and sewer permits. The Owner agrees to accept
10/14/85
4
any increase in water rates and tap on fees provided such rates and fees apply
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
and in a non-discriminatory manner water service to all users on the Property in
accordance with the Preliminary Development Plan. Watermains serving the
Property and those approved as part of the development shall be installed by the
Owner 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 a part of the
Village water system maintained by the Village.
The Owner hereby agrees to pay his proportionate share of the water
connection fees for the Chevy Chase Subdivision. This is based on the percentage
of acreage in Riverwalk to the entire Johnson Property East. This percentage is
12% (17.5 divided by 144.8).
9. Storm and Sanitary Sewer Provisions.
A. The Corporate Authorities agree to cooperate with the Owner and to
use their best efforts to aid Owner in obtaining such permits from governmental
agencies having jurisdiction as may be necessary to authorize connection from the
proposed development to the Lake County Public Works Department for the
collection of sewage and to the Illinois Department of Transportation and the
Cook County Highway Department as may be appropriate. The Owner shall construct
on-site and off-site sanitary sewers as may be necessary to service the Property,
as per EXHIBIT D, however, it is understood that changes to the Preliminary
Engineering Plan may be required at the time of Final Engineering. 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 Owner
10/14/85
5
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 to
the extent possible.
B. The Owner shall also construct on the Property in question any
storm sewers which may be necessary to service the Property, as per EXHIBIT D,
however, it is understood that changes to the Preliminary Engineering Plan may be
required at the time of Final Engineering. 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, and the Owner
agrees to operate and maintain that portion of the storm sewer system located on
the subject Property and not dedicated, and shall have a covenant prepared to
that effect for Village approval prior to plat approval.
10. Drainage Provisions. The Owner shall fully comply with any request of
the Village Engineer related to the placement of buildings on lots, to preserve
drainage standards. The Owner 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.
11. Owner Reca ture of Utility Costs. It is further understood and agreed
that a portion of the sanitary sewer, storm sewer, and/or watermain to be
constructed and installed by the Owner to serve the proposed development on the
Property (hereinafter referred to as "Owner's Improvements") may be required by
the Village to be so located and/or oversized as to benefit vacant neighboring
properties not owned by the Owner, thus making such utility service available
thereto. The Corporate Authorities agree to adopt an ordinance and take such
other action as may be necessary to permit the Owner to recapture from such
10/14/85
6
vacant neighboring property owners as may be benefitted by the Owner's
Improvements, that portion of the actual costs of oversizing the construction and
installation of Owner's Improvements, in such proportionate amounts from such
neighboring property owners as may be so benefitted as determined by the Village.
Said recapture ordinance shall only be enforceable for seven (7) years from its
passage. The Village and Owner agree to use their best efforts to cooperate to
achieve the most practical and feasible route to the off-site utilities
connection points. The Village agrees to cooperate with the Owner in
effectuating recapture from future developers as appropriate.
The Village shall be entitled to a five percent (5%) fee from any amounts
hereby recaptured as and for its collection efforts.
12. Pa ent of Recapture Fees Owed. Any amount of recapture required to be
paid by this Property shall be due and payable upon final platting of this
development.
13. SecuritZ for Public and Private Site Im rovements. Security for public
and private site improvements shall be provided in accordance with the
Development Ordinance, and the Development Improvement Agreement (EXHIBIT B) as
amended from time to time. Any letter of credit issued for such improvements
shall be drawn on a financial institution of net worth reasonably satisfactory to _
the Village Attorney. The issuer may have an equitable or lending interest in
the Property provided that the letter of credit, either by its own terms or by
separate written assurances of the issuer, shall be honored irrespective of that
interest. The Village shall have the right to draw up to the full amount of the
letter of credit in order to complete, and have formal acceptance of, all
improvements secured by the letter of credit. The amount of the letter of credit
shall not be reduced by expenditures made by the Owner until such improvements
have been formally accepted by the Village.
10/14/85
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14. Exhibits. The following EXHIBITS, some of which were presented in
testimony given by the Owner or the witnesses during the hearing 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 Legal Description
EXHIBIT B Development Improvement Agreement
EXHIBIT C Phasing Plan
EXHIBIT D Preliminary Plan
EXHIBIT E Preliminary Landscape Plan
EXHIBIT F Building Elevations
EXHIBIT G Parking Facility Plan
EXHIBIT H Intersection Design Study
15. Building, Landscaping and Aesthetics Plans. Owner 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 construction of buildings. Lighting,
signage, and architecture shall be compatible with surrounding areas. Phases not
under construction or completed shall be maintained in a neat and orderly fashion
as determined by the Village Manager.
The building materials shall consist of polished granite, glass with a 20%
reflectivity and a metal clad roof. The parking structure shall consist of
painted pre-cast concrete.
16. Facilitation of Develo ment. 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
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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.
17. Enforceability of the A, reement. 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.
18. Bindin& Effect of Agreement. This Agreement shall be binding upon the
parties hereto, their respective successors and assigns.
19. 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.
20. 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: LaSalle Trust #110049
c/o Trammell Crow Company
One Pierce Place
Itasca, Illinois 60143
Attention: Donald Thomas
10/14/85
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Copy to: D'Ancona Pflaum
30 North LaSalle Street
Suite 3100
Chicago, Illinois 60602
Attention: Joel D. Rubin
If to Village: Village Clerk
Village of Buffalo Grove
50 Raupp Boulevard
Buffalo Grove, Illinois 60089
Copy to: William G. Raysa
Bloche' , French & Raysa
1011 Lake Street
Oak Park, IL 60301
21. Default. In the event Owner 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.
22. Special Conditions.
A. The following variations are hereby granted from the Buffalo Grove
Development Ordinance and Zoning Ordinance:
Development Ordinance
Section 16.50.070.D.2. - This provides for a reduced right-of-way width from
80 feet to 60 feet, and a reduced pavement width from 47 feet to 40 feet on
Riverwalk Drive.
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Section 16.50.080.A. 1. - This provides for a sidewalk on one side of
Riverwalk Drive and an internal bikepath in lieu of a portion of the
sidewalk on Milwaukee Avenue and Lake-Cook Road.
Section 16.50. 120.I. 1.e. - This provides for a variation to Village standard
parkway tree planting requirement in order to allow berms and clustering of
trees pursuant to EXHIBIT E.
Section 16.50.100.D.2. - This provides for a customized street light pole
design as opposed to the Village standard.
Section 16.50.040.C.4. - this provides for a "seawall" type treatment and
Enkamat around the retention basin as opposed to the standard boulder
treatment.
Zonina Ordinance
Section 17.44.040.D.3. - This allows a building setback from the
north property line less than 362 feet.
Section 17. 36.030.F. 1. - This allows a parking stall design and layout
pursuant to EXHIBIT G.
Section 17.44.040.D.4. - This allows a building setback along Riverwalk
Drive to be less than the building height.
B. An easement shall be provided over the entire bicycle path system
allowing access to the public. In addition, a maintenance covenant shall also be
provided requiring maintenance of the bicycle path system by the Owner whether on
public or private property.
C. All landscaping and street lighting within public right of way on
Riverwalk Drive shall be maintained by the Owner.
D. Riverwalk Drive shall be posted for NO PARKING.
E. If the Village so directs, a curb cut shall be provided on Riverwalk
Drive to provide access to Daniello's Restaurant.
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F. The Owner agrees to forward to the Village at its request (though not
later than twenty-four (24) months after approval of the P.U.D. Ordinance) ,
$75,000 for fire protection purposes. Said amount shall be included within the
Performance Guarantee for the first phase of the Property.
G. No wall signage shall be allowed on the face of the buildings above the
first floor.
H. Owner agrees to pay for the following off-site roadway improvements in
connection with this development. All improvements identified shall be provided
in the Development Improvement Agreement for Phase I construction:
1. Engineering Design Costs: Owner agrees to pay 50% of the design
engineering costs (Phase I and Phase II using FAUS guidelines) and
to provide all necessary right-of-way adjacent to Riverwalk for
the intersection improvements to Lake-Cook Road and Milwaukee
Avenue as described in the InterstPrr;^.. ^- --
It is expressly understood and agreed by and between the parties hereto, anything
herein to the contrary notwithstanding, that each and all of the.representations, Cove-
nants, undertakings, warranties, and agreements herein made on the part of the
Trustee while in form purporting to be the representations, covenants, undertakings,
warranties, and agreements of said Trustee are nevertheless each and every one of
them, made and intended not as personal representations, covenants, undertakings,
warranties, and agreements by the Trustee or for the purpose or with the intention of
binding said Trustee personally but are made and intended for the purpose of binding
only that portion of the trust property specifically described herein, and this instrument
is executed and delivered by said Trustee not in.its own right, but solely in -the exercise
of the powers conferred upon it as such Trustee; and that no personal liability or per-
sonal responsibility is assumed by nor shall at any time be asserted or enforceable
against the LaSALLE NATIONAL BANK on account of this instrument or on account of
any representation, covenant, undertaking, warranty, or agreement of the said Trustee
in this instrument contained, either expressed or implied, all such personal liability,
if any, being expressly waived and released. The Trustee makes no personal representa-
tions as to nor shall it be responsible for the existence, location or maintenance of the
chattels herein described, if any.
LUCU.LaLL mwairications to provide right in/right out movements only
at the intersection of Lake-Cook Road and Riverwalk Drive.
10/14/85
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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.
APPROVED:
4�ram°
VERNA L. CLAYTON, Village resident
ATTEST:
VillagCaClerk
- LaSalle National Ba , as Trustee Under its
OWNER: Trust No...... ... ....... d not individually.,
By.,�., - .........._........._.......................
e't Vice President
ATTEST:
Assistant Secretary
e
10/14/85
13
RIVERWALK P.U.D.
EXHIBIT A
LEGAL DESCRIPTION
That part of the southeast quarter of Section 35, Township 43 North, Range
11, east of the Third Principal Meridian and a part of Columbian Gardens Unit 2;
being a subdivision in part of the aforesaid Section according to the plat
thereof recorded as Document 282352, said parcel being described as follows:
Commencing at the southwest corner of said Columbian Gardens Unit 2 (said point
being in the centerline of Milwaukee Avenue) : Thence easterly along the
southerly line of said Columbian Gardens Unit 2 to the easterly line of said
Milwaukee Avenue; thence northerly along the easterly line of said Milwaukee
Avenue to the northerly line of Marquette Place in said Columbian Gardens Unit 2;
thence easterly along said northerly line and its easterly extension to the
northerly extension of the westerly line of Lot 2, Block 9, in said Columbian
Gardens Unit 2; thence southerly along said westerly line extended to the
northwest corner of said lot 2; thence easterly to the northeast corner of said
Lot 2; thence southerly to the southeast corner of said Lot 2; thence easterly
along the nortlerly line of Lot 6, Block 9, and its easterly extension to the
easterly line of Long Beach Drive; thence southerly, easterly and southerly along
the easterly, northerly and easterly lines of said Long Beach Drive to the
easterly extension of the southerly line of Block 10 in said Columbian Gardens
Unit 2; thence westerly along said south line to a point which is north 00
degrees 00 minutes east from a point on the south line of the southeast quarter
of said Section 35 which is 950.0 feet east from its intersection with the
centerline of said Milwaukee Avenue; thence south 00 degrees 00 minutes east to
the south line of said southeast quarter of Section 35, thence west along said
south line 950.0 feet to the center line of said Milwaukee Avenue; thence
northerly along said centerline to the point of beginning (except that part
falling in Milwaukee Avenue and Lake-Cook Road) .and (except Lot 11 in Block 10 in
said Columbian Gardens Unit 2) in Lake County, Illinois.
RIVERWALK P.U.D.
EXHIBIT B
DEVELOPMENT IMPROVEMENT AGREEMENT