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1983-006 r� ORDINANCE N0, 83- 6 AN ORDINANCE APPROVING ANNEXATION AGREEMENT (S oerlein Farm) 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 author- ities of the Village of Buffalo Grove a petition to annex the property legally described in Exhibit A hereto; and, WHEREAS, there has also 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 Agreement 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 - Marienthal , O'Reilly, Hartstein, Gerschefske, Schwartz NAYES: 1 - Stone ABSENT: 0 - None PASSED: January 24 1983 APPROVED: January 24 1983 APPROVED: Village President ATTEST: Village Cleric s . 1/20/83 ANNEXATION AGREEMENT This Agreement (hereinafter referred to as the "Agree- ment") made and entered into this 24th day of January 1983, 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 DENNIS SPOERLEIN, not individually but as Trustee under a Trust Agree- ment dated January 2, 1980 and known as Spoerlein Trust No. 80 ( "Spoerlein" ) , and IRVING M. STAHL and LAMINA M. STAHL, husband and wife ( "Stahl" ) (Spoerlein and Stahl are collectively re- ferred to as the "Owner" ) ; and MIDWEST DEVELOPMENT VENTURE I_I , an Illinois limited partnership (hereinafter referred to as "Developer" ) . 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 approximately 20.3 acres bounded on the north by Strathmore Grove, on the west by Arlington Heights Road, and on the South by IL Route 83, and legally described and 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 con- tiguous to the corporate limits of the Village; and WHEREAS, Owner desires and proposes pursuant to the provi- sions and regulations applicable to the B-3 and R-9 P.U.D. Districts of the Village Zoning Ordinance to develop the Prop- erty in accordance with and pursuant to a certain Preliminary Development Plan prepared by Land Consultants dated as last revised January 3, 1983, and also Preliminary Engineering Plan prepared by McBride Engineering dated as last revised November 7, 1982 (hereinafter jointly referred to as the "Preliminary Development Plan" ) , a copy of which Preliminary Development Plan is attached hereto as Exhibit F (consisting of 4 sheets) and Exhibit G and incorporated herein, and subject to all other exhibits attached hereto or incorporated by reference herein. Said development of the Property shall contain one hundred seventy-six (176) multiple family residential units consisting of 161 two bedroom units and 15 three bedroom units and shall allow the development of the office/commercial area in con- formity with the Preliminary Development Plan. WHEREAS, pursuant to the provisions of Section 11-15 . 1-1, et. seq. , of the Illinois Municipal Code (Chapter 24, Illinois Revised Statutes, 1979) 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 2 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 recommedation with respect to the requested zoning classifica- tion of B-3 and R-9 P.U.D. Zoning Districts; and WHEREAS, the parties have entered into this Agreement in good faith, having used their best efforts to accurately dis- close information relevant to the matters contained herein and having used that information to evaluate the terms and exhibits of this Agreement; and WHEREAS, 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 ser- vice 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, 1979) and the Village' s Home Rule powers. The preceding whereas clauses are hereby made a part of this Agreement. 3 2 . Agreement: Compliance and Validit The Owner has filed with the Village Clerk of the Village a proper petition (Exhibit A hereto) pursuant to and in accordance with provi- sions of Section 7-1-8 of the Illinois Municipal Code (Chapter 24, Illinois Revised Statutes, 1979) , conditioned on the execu- tion of this Agreement and the 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 valid- ly annexed to the Village and is validly zoned and classified in the B-3 and R-9 P.U.D. Zoning Districts, all as contem- plated in this Agreement. 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 Ordi- nance" ) annexing the property to the Village. Said Annexation Ordinance shall be recorded with the Lake County Recorder' s Office along with the Plat of Annexation (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 and R-9 P.U.D. Zoning 4 Districts 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 a Preliminary Development Plan prepared by Land Consul- tants dated January 3, 1983 (Exhibit F) , and the Preliminary Engineering Plan (Exhibit G) . 5. Approval of Plats. The Corporate Authorities hereby approve a Preliminary Development Plan (Exhibit F & G) pursuant to the provisions of Section VI of the Village Subdivision Regulations Ordinance and in addition agree to approve a Final Plan of Development or plats or phases of the development of 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 property as submitted by the Owner provided that the plat or plats shall: (a) Conform to the Preliminary Development Plan and Preliminary Engineering Plan, Exhibits F and G; and (b) Conform to the terms of this Agreement and all appli- cable Village ordinances as amended from time to time; and (c) Conform to the Subdivision Improvement Agreement, Exhibit E, 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 5 shall conform to the phases of the development as shown on the Preliminary Development Plan except that the Developer, at its option, may separately subdivide portions of the residential property within a Phase provided that all improvements within such phase are bonded or otherwise secured. The phasing of development for the Property shall be determined by the terms and conditions of Section 30D of this Agreement. 6. Com liance with Applicable 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 and provided further that any such changes to the zoning ordinance shall not preclude development of the Property in substantial conformity with the Preliminary Development Plan. Owner, in the development of the Property, shall comply with the standards set forth in the Village of Buffalo Grove Engineering Standards herein referred to as the Manual of Practice as amended from time to time, a copy of which has been made a part hereof as Exhibit C. 7. Amendment of Plan. If the Owner desires to make changes in the Preliminary Development Plan, as herein ap- proved, the parties agree that such changes in the Preliminary 6 Development 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 Agree- ment. The Corporate Authorities may, at their sole discretion, require additional public hearings and may review the commit- ments 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. 8. 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 subdivision regulations as applied to the Property 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. 7 9. Water Provision. The Owner shall be permitted and agrees to tap on to the Village water system at points recom- mended by the Village Engineer (which points to the extent shown on Exhibit G 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 accor- dance with the applicable Village Ordinanances at the time of the issuance of the water and sewer permits. The Owner agrees to accept 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 abili- ty and in a non-discriminatory manner water service to all users on the Property in accordance with the Preliminary Devel- opment Plan. Watermains serving the Property and those ap- proved as part of the development shall be installed by the Owner and, except for service connections to the building, shall, upon installation and acceptance by the Village through formal acceptance action by the Corporate Authorites, be dedi- cated to the Village and become a part of the Village water system maintained by the Village. 10. 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 juris- diction as may be necessary to authorize connection from the 8 proposed development to the Lake County Public Works Department for the collection of sewage and to the Illinois Department of Transportation as may be appropriate . The Owner shall con- struct On-site and off-site sanitary sewers as may be necessary to service the Property, as per Exhibit G, however, it is understood that changes to the Preliminary Engineering Plan may be required at the time of Final Engineering. Upon installa- tion 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 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. 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 G, however, it is understood that changes to the Preliminary Engineering Plan may be required at the time of Final Engineering. Upon installation and accep- tance 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 record a covenant to that effect within thirty (30) days of the recording of the Plat of Subdivision. 9 11. Drainae Provisions. The Developer shall fully comply with any request of the Village Engineer related to the placement of buildings on lots, to preserve drainage standards. The 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 professional opinion of the Village Engineer, be detrimental to the growth and maintenance of lawn grasses. 12 . Pa ment of Recapture Fees Owed. The amount of recap- ture required to be paid by this Property, as designated in Exhibit J, shall be due and payable upon final platting of (a) Phase I /of this development or upon issuance of the first sewer and water permit. 13 . Street and Parking Area Provisions. The Owner agrees that all streets, parking and other areas are to be constructed in accordance with Village standards as set forth in the Manual of Practice as amended from time to time. 14. Securit for Public and Private Site Im rovements. Security for public and private site improvements shall be provided in accordance with the Manual of Practice, Administra- tive Order #2, and the Subdivision Improvement Agreement, as amended from time to time, attached hereto as Exhibits C, D, and E. 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 10 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 Developer until such improvements have been formally accepted by the Village . 15. 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 exeuction by the parties, together with copies of all Exhibits, shall be kept on file with the Village Clerk and be available for in- spection to the parties hereto. Exhibit A Petition for Annexation of Property Exhibit B Plat of Annexation Exhibit C Manual of Practice Exhibit D Administrative Order #2 Exhibit E Subdivision Improvement Agreement Exhibit F-1 Preliminary Development Plan thru F-4 Exhibit G Preliminary Engineering Plan Exhibit H Declaration of Condominium Exhibit I Park District Commitment 11 Exhibit J Recapture Amounts Exhibit K1, Preliminary Elevations K2 and K3 16. Annexation Fee. Owner agrees to pay an annexation fee in an amount equal to $200 per residential dwelling unit and $600 per acre for the Commercial/Office area which fee shall be payable prorata at issuance of building permits. However, the total fee for the entire property shall be paid prior to the expiration of this Agreement. 17 . Building, Landscaping and Aesthetics Plans. As required under Village Ordinance #72-12, as amended from time to time, 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 and signage shall be complimentary to surrounding areas. Phases not under construction or completed shall be maintained in a neat and orderly fashion as determined by the Village Manager. 18. Declaration of Condominium. Developer intends to submit the Subject Property to the provisions of the Illinois Condominium Property Act pursuant to a Declaration of Condo- minium in substantially the same form as that attached hereto as Exhibit H. Prior to recording, the finalized Declaration of Condominium shall be submitted to the Corporate Authorities for their approval, such approval shall not be unreasonably with- held. The Declaration of Condominium shall include easements, 12 right of entry by the Village, and other such rights, all as to be determined by the Village . 19 . Project Models and Marketing Offices. The Village agrees to permit the Developer to construct and maintain two (2) model areas on the residential portions of the Property, consisting of a maximum of one ( 1 ) building for each of the model areas, together with suitable off-street parking areas, all subject to Appearance 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 only as a project office for the marketing of portions of the residential Property. Such use shall be discontinued when the project contemplated herein has been fully and finally completed. In addition, the Developer may use the Spoerlein Home, as defined in Section 30H, as a marketing as well as a construction and/or general office. The Spoerlein Home may be so used provided that it meets all applicable building and maintenance codes, as amended from time to time, required for use of the structure. Furthermore, all currently existing structures on the Property shall be removed upon cessation of occupancy or use unless the Developer submits preliminary plans to the Village for its approval of continued use of any such structure. 20. Park District Donations . Developer agrees to comply with the provisions of Title 19 of the Buffalo Grove Municipal Code as amended from time to time regarding park donations. 13 The Developer, by entering into this Agreement, shall be deemed to have filed its written objection to the density tables made part of Title 19 . In lieu thereof, the Developer has submitted actual population generation statistics of the Chatham Manor Homes Development in Buffalo Grove, which the Developer asserts is more truly representative of the population generation anticipated for this Property. Developer agrees that it will make contributions of money to the Village for conveyance to the Buffalo Grove Park District according to the attached letter to the Park District (Exhibit I ) . The contribution of money to the Buffalo Grove Park District will be by way of payment to the Village, to be made prorata concurrently with the issuance of building permits by the Village . The Developer will convey, or cause to be conveyed, the two passive open space areas indicated in the Preliminary Development Plan to the Buffalo Grove Park District, with each conveyance to be made simultaneously with final plat approval of that portion of the Property which includes such an open space area. In the event the Park District does not accept such conveyance and the Village also fails to accept same, then those areas will be incorporated into the common area of the residential portion of the Property, to be maintained by the Condominium Association or other appropriate entity, as determined by the Developer. 21. School District Donations. Developer agrees to comply with the provisions of Title 19 of the Buffalo Grove Municipal Code as amended from time to time regarding school 14 donations. The Developer, by entering into this Agreement, shall be deemed to have filed its written objection to the density tables made part of Title 19. In lieu thereof, the Developer has submitted actual population generation statistics of the Chatham Manor Homes Development in Buffalo Grove, which the Developer asserts is more truly representative of the population generation anticipated for this Property. Developer agrees that it will make contributions of money to the Village for payment to School Districts #96 and #125 according to the criteria of said Title. The contribution of money to School Districts #96 and #125 will be by way of payment to the Vil- lage, to be made prorata concurrently with the issuance of building permits by the Village. 22 . Libr ..ry District Donations . Developer agrees to comply with the provisions of Title 19 of the Buffalo Grove Municipal Code as amended from time to time regarding library donations. The Developer, by entering into this Agreement, shall be deemed to have filed its written objection to the density tables made part of Title 19. In lieu thereof, the Developer has submitted actual population generation statistics of the Chatham Manor Homes Development in Buffalo Grove, which the Developer asserts is more truly representative of the population generation anticipated for this Property. Developer agrees that it will make contributions of money to the Village for conveyance to the Indian Trails Public Library District according to the criteria of said Title. The contribution of 15 money to the Indian Trails Public Library District will be by way of payment to the Village, to be made prorata concurrently with the issuance of building permits by the Village, provided, however, that if either the Village or the Library District determine, by ordinance, resolution or motion, that the money will not be transferred to said Library District, the Village shall promptly return to the Developer any such money that the Village then holds, plus any interest the Village may have collected on same. 23 . 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 this Agreement and the development of the Property in the best interests of all the parties requires their continued coopera- tion. The Owner does hereby evidence his intention to fully comply with all Village requirements, his willingness to dis- cuss any matters of mutual interest that may arise, and his willingness to assist the Village to the fullest extent pos- sible. The Village does hereby evidence its intent to always cooperate in the resolution of mutual problems and its willing- ness to facilitate the development of the Property, as contem- plated by the provisions of this Agreement. 24. Enforceabilit 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 16 equity to secure the performance of the covenants herein de- scribed. 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. 25. Term of Agreement. This Agreement will be binding on all parties for a term of ten ( 10) years from the date of the execution of this Agreement by the Village. Provided that the appropriate phasing plan is complied with, the Developer shall have the right to submit a final development plan for all or any portion of the Property at any time during the term of this Agreement. 26. Bindinq Effect of A reement. This Agreement shall be binding upon the parties hereto, their respective successors and assigns; provided, however, that in the event Developer' s 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. The Developer shall give the Village 30 days prior written notice of any such assumption. 27 . Corporate Capacities. The parties acknowledge and agree that the individuals that are members of the group con- stituting 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. 17 26. Notices. Any notice required pursuant to the provi- sions 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 in writing and be sent by certified mail to the following addresses until notice of change is given and shall be deemed received on the fifth business day following deposit in the U. S. Mail . If the Owner: Dennis Spoerlein, Trust No. 80 217 Alpine Drive Lake Zurich, Illinois 60047 Irving and Lamina Stahl Route #1 126A Prairie View, Illinois 60069 If to Developer: Midwest Development Venture II 4849 West Golf Road Suite 700 Skokie, Illinois 60077 Copy to: Perry J . Snyderman, Esq. Theodore A. Shapero, Esq. Rudnick & Wolfe 30 N. LaSalle Street Chicago, Illinois 60602 If to Village: Village Clerk Village of Buffalo Grove 50 Raupp Boulevard Buffalo Grove, Illinois 60090 Copy to: Bloche, French & Raysa 1011 Lake Street Oak Park, Illinois 60301 29. Default. In the event Developer defaults, in his performance of his obligations set forth in this Agreement, then the Village, may, upon notice to Developer, allow Devel- oper sixty (60) days to cure such default or provide evidence to the Village that such default will be cured in a timely 18 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 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 Developer 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. 30. S ecial Conditions. A. The Developer agrees to pay for all hard costs ( labor and materials) , specifically excluding, without limitation, design, legal and engineering costs, and the Village will install, an oversized 16" water line within the Property along IL Route 83 without benefit of future recapture. Payment by the Developer of the hard costs of the water line will be as follows provided a final invoice has been presented to the Developer: one-third ( 1/3 ) of such cost at the time of final plat approval for the first portion of the Property to be subdivided, one-third ( 1/3 ) twelve ( 12 ) months thereafter, and one-third (1/3) twenty-four (24) months thereafter, all to be without interest. The Developer will also cooperate with the Village and will use its best efforts to secure and pay for an easement, if necessary, from the Owner, for placement of such water line within the Property. 19 B. During the construction period for Phase l ( a) , the Developer shall be required to pay for and install a sidewalk in the public right-of-way for IL Route 83 adjoining the Property, extending from the east boundary of the Property approximately 400' eastward to Devlin Road in Devonshire, subject to the Developer being able to secure approval from the Illinois Department of Transportation for this improvement. C. The Village hereby approves the placement of the entry signage within the required setback for the residential roadway intersections with IL Route 83 and with Arlington Heights Road as shown and dimensioned within the Preliminary Development Plan. The Village ' s Sign Code shall be met in every other case. Notwithstanding anything else to the con- trary, the Developer shall have the right to place, in addition to the entry signage, a total of three (3 ) 120 square foot real estate signs, 2 within the commercial/office area, and 1 in the residential area, provided that none of the three signs shall be within five hundred (500) feet of each other. D. The Corporate Authorities, based on the Plan Commission recommendation of a plan substantially the same, hereby approve the phasing plan described in Exhibit F-4 labelled Phasing Plan "C" . However, notwithstanding the phasing indicated on Phasing Plan "C" , the Developer may develop the easternmost commercial area, designated as 1(c) , at any time prior to the development of-the residential area designated as Phase 3 and building permits on the Phase 2 residential area shall not be contingent on final plat approval for Phase 1(c) . However, no final plat of sub- 20 division shall be approved for Phase 3 until a building permit for commercial area l(c) has issued. The Village will cooperate with the Developer to secure IRB financing, which cooperation will include enacting such resolutions and ordinances and taking any further action which may be necessary to issue Industrial Revenue Bonds, for development of all or portions of the commercial/office area. Phasing Plan "C" in no event shall be contingent on Developer' s actual ability to service and/or sell such IRB financing, provided that the Village continues to use its good faith efforts to assist the Developer in securing same . E. The Developer shall fully design, bond and pay all fees to the Village related to the improvements of IL Route 83 as follows : 1) Left and right turn bays on IL Route 83 at the westerly driveway to the commercial/office area. 2 ) Left and right turn bays on IL Route 83 at the easterly roadway into the residential area. If notified in writing to complete all or a portion of the above-described improvements, the Developer shall complete construction on the easternmost left-turn and right-turn bays within 18 months after such notification or after final plat approval for Phase 1(a) , whichever is later. The second left- turn and right-turn bays shall be completed no later than 18 months after final plat approval for Phase 4. However, in the event that the Village secures federal funding for the improve- 21 ment of Illinois Route 83, the Village may require, no earlier than one year after the date of final plat approval for Phase 1(a) , that cash in lieu of the construction of said improvements shall be provided by the Developer to the Village in an amount equal to the anticipated improvement costs. F. Developer will secure a public access easement from the service station to the adjacent B-1 parcel to the west for potential future access. Said easement shall be noted on the final plat of subdivision for the service station. G. The final plans for the commercial/office area shall indicate the location and number of handicapped parking stalls pursuant to the BOCA Code. H. The Developer may use the existing single family home on the Property ( "Spoerlein Home" ) as a construction, marketing and/or general office subject to the provisions of Section 19 hereof. 31. Trustee Excul ation. This instrument is executed by DENNIS SPOERLEIN, not personally, but solely as Trustee afore- said, 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. 22 IN WITNESS WHEREOF, the Corporate Authorities and Owner and Developer 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. THE VILLAGE OF BUFFALO GROVE, a Municipal Corporation of the State e Illinois ATTEST: By: �:���--a--- ,-� + Village President ,rl ,'V,illage Clerk. lie 'DENNIS SPOER EIN, as Trustee of Dennis Spoerlein Trust No. 80 MIDWEST DEVELOPMENT VENTURE II , an Illinois limi ed partnership By: JZd3west astandrea, General Partner By: Development Corporation, an Illinois corporation, General Partner B y: Ja Mastandrea, President test: 'G At � Its TINGSTAHL LAMINA STAHL 23 VILLAGE OF BUFFALO GROVE ORDINANCE NO. ADOPTED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GR VE TH I S a Lk DAY OF , 19 9�, Published in pamphlet form by authority of the President and Board of Trustees of the Village of Buffalo G ove, Coo and Lake Counties, Illinois, this, day of 19 l Village Clerk ,,�