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2005-053 08/5/05 ORDINANCE NO. 2005- 53 An Ordinance Amending Ordinance 2004-91 Concerning a License Agreement for Golfview Terrace Detention Basin WHEREAS,the Village of Buffalo Grove is a Home Rule Unit pursuant to the Illinois Constitution of 1970; and WHEREAS, the Corporate Authorities of the Village on September 13, 2004 enacted Ordinance No. 2004-91 which approved a License Agreement for Golfview Terrace Detention Basin with 313 W. Dundee Development,LLC. ("Grantee"); and WHEREAS, Paragraph V. of said License Agreement provided that the License Agreement would not be recorded;and WHEREAS,the Grantee has requested that the Village allow recording of the License Agreement in order to obtain title insurance over the rights granted in said License Agreement. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT and BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, LAKE and COOK COUNTIES, E LLINOIS,as follows: Section 1. The foregoing recitals are hereby adopted and incorporated into and made a part of this Ordinance as if fully set forth herein. Section 2. That the License Agreement For Golfview Terrace Detention Basin dated October 13, 2004 by and between the Village of Buffalo Grove and 313 W. Dundee Development, LLC. may be recorded. Section 3. That Village Ordinance 2004-91 is hereby amended to allow for recording of said License Agreement. Section 4. If any section, paragraph, clause or provision of this ordinance shall be held invalid, the invalidity thereof shall not affect any other provision of this ordinance. Section 5 This ordinance shall be effective upon its passage and approval. This ordinance shall not be codified. AYES: 6 - Briaman, Glover, Beman,-"Kahn, Trilling, Rubin NAPES: 0 - None ABSENT: 0 - None PASSED: August 15 ,2005. APPROVED: August 15 2005. APPROVED: Village President ATTEST: Villa Jerk