2006-035 Ordinance No. 2006 - 35
An Ordinance Approving an Agreement Between
the Village of Buffalo Grove, the Village of Wheeling,
LaSalle Bank, N.A. Trust No 121736-05, and MidAm LCW, LLC.
(Southeast Corner of Weiland Road and Armstrong Drive)
WHEREAS, the Village of Buffalo Grove is a home rule unit of government
pursuant to the Illinois Constitution of 1970; and
WHEREAS,it has been requested of the Village of Buffalo Grove to exclude and
disconnect the real property located at the southeast corner of Weiland Road and
Armstrong Drive; and
WHEREAS, after disconnection of said property from Buffalo Grove it is
proposed that the property be annexed to and developed in the Village of Wheeling; and
WHEREAS, in order to ensure that the commitments made by the parties to said
development are complied with an Agreement between the Village of Buffalo Grove,the
Village of Wheeling, LaSalle Bank, National Association, as Successor Trustee to
American National Bank and Trust Company of Chicago, not personally but solely as
Trustee under Trust Agreement dated June 14, 1996 and known as Trust No. 121736-05,
and MidAm LCW, LLC. ("Agreement") has been proposed which Agreement will
further the public interests and benefits to the Buffalo Grove and Wheeling communities.
NOW,THEREFORE,BE IT ORDAINED BY THE VILLAGE PRESIDENT
AND BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE,
COOK AND LAKE COUNTIES,IL. that:
Section 1 —The foregoing Whereas clauses are hereby made a part hereof.
Section 2 — The Agreement, attached hereto, be and hereby is approved. The
Village President and Village clerk are hereby authorized and directed to execute
said Agreement.
Section 3 — This Ordinance shall be in full force and effect from and after its
passage and approval.
AYES: 6 - Braiman. Glover, Berman. Kahn, Trilling, Rubin
NAYS: 0 - None
ABSENT: 0 - None
ABSTAIN: 0 - None
PASSED: June 5 12006 APPROVED: June 5 2006
APPROVED
Village President
ATTEST:
Vi&jklerk
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