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2005-011 2/28/2005 ORDINANCE NO. 2005 - 11 AN ORDINANCE APPROVING AN ANNEXATION AGREEMENT FOR Jacobs Homes Estates at Hidden Lake North side of Deerfield Parkway west of Hidden Lake Drive 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 notice of the public hearing concerning said Annexation Agreement and zoning have been given and the public hearing was held; and, WHEREAS, it is determined to be in the best interest 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. 2 AYES: 6—Braiman Glover,Berman, Kahn, Trilling, Rubin NAYES: 0 -None ABSENT: 0—None PASSED: February 28, 2005 APPROVED: February 28, 2005 ATTEST: APPROVED: Villa Jerk ELLIOTT HARTSTEIN,Village President This document was prepared by: Robert E. Pfeil,Village Planner, Village of Buffalo Grove 50 Raupp Boulevard Buffalo Grove, IL 60089 Mail to: Village Clerk Village of Buffalo Grove 50 Raupp Boulevard Buffalo Grove, IL 60089 2/24/2005 ANNEXATION AGREEMENT Jacobs Homes The Estates at Hidden Lake North side of Deerfield Parkway west of Hidden Lake Drive TABLE OF CONTENTS Page 1. Applicable Law. ..............................................................................................3 2. Agreement: Compliance and Validity...............................................................3 3. Enactment of Annexation Ordinance...............................................................3 4. Enactment of ZoWW Ordinance. ....................................................................4 5. Approval of Plans.............................................................................................4 6. Compliance with Applicable Ordinances. .......................................................4 7. Amendment of Plan. ........................................................................................5 8. Building Permit Fees. .....................................................................................5 9. Water Provision. ..............................................................................................6 10. Storm and Sanitary Sewer Provisions..............................................................6 11. Drainage Provision...........................................................................................7 12. Payment of Recapture Fees Owed. ..................................................................8 13. Security for Public and Private Site Improvements. ........................................8 14. Exhibits. ...........................................................................................................8 15. Annexation Fee................................................................................................9 16. Building,Landscaping and Aesthetics Plans. ..................................................9 17. Pro'ect Models.................................................................................................9 18. Park District Donations..................................................................................10 19. School District Donations..............................................................................10 20. Library District Donations. ............................................................................10 21. Conditions Concerning Parks and School Donations....................................10 22. Facilitation of Development...........................................................................10 23. Enforceability of the Agreement....................................................................11 24. Term of Agreement........................................................................................ 11 25. Corporate Capacities. ...................................................................................I I 26. Notices. ......................................................................................................... 12 27. Default............................................................................................................ 12 28. Litigation........................................................................................................ 13 29. Special Conditions. .......................................................................................14 GREEN KNOLLr o L c-, (r.: Imo-` T O .J N •- CO O rV 1 ` /� r m 1�oapOlco�o� '�' W r -7 Toll a m 1 `- £OTT 1102 a n 00 o Ul ISl 1210 SOTT 1104 1149 wq a�L CIOD LOU 106 $ w w w Il�� 1147 V`2ti 1212 0 6011 1110 ao m A yl £t2t o TLCT ro ru ta ro ru T' t SIZi 1 o 1 O p ��` a` o ru •A m 00 2 Liz[ 612I a � Z .- r r V cQ w U1 4 u r) f �4' J TZZT o �. 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(n _0 o 1202 2 w W ,� r 1 ru V I N N N 16 1;� Ir N m 2 ry I citN 1196 r°,O N�'wwi w w wNi 2ti cn 1192 .D �o 0 0 0 0 119 , p ? nw •I 2�2 2� o ro � m W N ,,A m ao 0 0~ 1186 `tCn .I U CA - Q FORS2~q`pti 1182 �� w cn ro m •I Z~ C � w c-.-n o w N o ��°� 1176 V rub curl ti .I"�w w 2 ru � �2 .D o 0 0 0 0 8TOT C� CD2L` o N m co020T r q� t~ CJI m Cn HILALE -� Zb � 0 0 o ZZDT rjr � ~ 2��`1 W v � j w cn -I .0 o N b2pT lti -. 8£ 0� 1142 .- b£ rOf p ro rN lass gal 1106 113 w 1l36 8 `N ru W OF, OIO q �`OtiNo N !3 11 �3 w Z—i�oZ, 2/24/2005 ANNEXATION AGREEMENT Jacobs Homes The Estates at Hidden Lake North side of Deerfield Parkway west of Hidden Lake Drive This agreement(hereinafter referred to as the"Agreement")made and entered into this 70' day of February,2005,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 Sung Kyu and Suk Chung Lee (hereinafter referred to as"Owner")and The Estates at Hidden Lake LLC(hereinafter referred to as the"Developer"). WITNESSETH: 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, the proposed development site is comprised of three parcels (hereinafter referred to as the "Property")with a total area of 6.9 acres legally described and identified in the legal description, attached hereto as Exhibit A made a part hereof, and which real estate is contiguous to the corporate limits of the Village; and, WHEREAS, Owner is the owner of the real property described in Exhibit A hereto;and, WHEREAS,The Estates at Hidden Lake LLC is hereinafter referred to as the Developer; and, WHEREAS, a Plat of Annexation, including certain street right-of-way adjacent to the Property, is attached hereto as Exhibit B, which depicts a total area of 7.21 acres to be annexed; 2 and, WHEREAS, Developer desires and proposes pursuant to the provisions and regulations applicable to the R-4 District of the Village Zoning Ordinance to develop the Property in accordance with and pursuant to a certain Preliminary Plan prepared by Groundwork, Ltd, and dated as last revised January 14,2005 and also a certain Preliminary Engineering Plan prepared by Groundwork, Ltd. and dated as last revised December 15,2004(hereinafter jointly referred to as "Preliminary Plan")a copy of which Preliminary Plan is attached hereto as Exhibits D,D-1 and E and incorporated herein, and subject to all other exhibits attached hereto or incorporated by reference herein. Said development of the Property shall consist of 19 single-family detached dwelling units, in accordance with the exhibits incorporated herein. WHEREAS, pursuant to the provisions of Section 5/11-15.1-1 et seq., of the Illinois Municipal Code (65 ILCS 5/11-15.1-1 et seq.) and as the same may have been modified by the Village's Home Rule powers,a proposed Annexation 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,the Plan Commission ofthe Village has held a public hearing and made its recommendations with respect to the zoning and variations of the Village Development Ordinance and Zoning Ordinance; and, 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. 3 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 5/11-15.1-1 et seq.,of the Illinois Municipal Code(65 ILCS 5/11-15.1-1 et seq.)and as the same may have been modified by 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 pursuant to and in accordance with the provisions of Section 5n-1- 8 of the Illinois Municipal Code(65 ILCS 5n-1-8)and as the same may have been modified by the Village's Home Rule powers,conditioned on the execution of this Agreement and the compliance with the terms and provisions contained herein, to annex the 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 the Property is validly annexed to the Village and is validly zoned and classified in the R-4 District, all as contemplated 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 an ordinance (hereinafter referred to as the"Annexation Ordinance")annexing the Property to the Village. Said Annexation Ordinance shall be recorded at the Lake County Recorder's Office along with the Plat of Annexation(attached hereto as Exhibit B). 4 4. Enactment of Zoning Ordinance. Within twenty-one(21)days after the passage of the Annexation Ordinance,the Corporate Authorities shall enact an ordinance zoning the Property in the R-4 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 Preliminary Plan(Exhibits D and E) and the other exhibits attached hereto or incorporated by reference herein. 5. Approval of Plans. The Corporate Authorities hereby approve the Preliminary Plan (Exhibits D,D-1 and E)pursuant to the provisions of the Development Ordinance. The Corporate Authorities agree to approve a Development Plan(including plats of subdivision)based on final versions of the plans and drawings of the development of the Property as submitted by the Owner or Developer provided that the Development Plan shall: a) conform to the approved Preliminary Plan, 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 approved Development Improvement Agreement as amended from time to time. 6. Compliance with Applicable Ordinances. The Owner and Developer agree 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 5 similarly zoned and situated to the extent possible. Developer,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.Notwithstanding the foregoing,the Village shall not apply new ordinances or regulations to the Property to the extent that the ordinances or regulations would prevent development of the Preliminary Plan approved herein. 7. Amendment of Plan. If the Developer desires to make changes to the Preliminary Plan as herein approved,the parties agree that such changes to the Preliminary 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 the Preliminary Plan. The Corporate Authorities may, in 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 to the Preliminary Plan. The Village Manager is hereby authorized to approve such minor changes as he deems appropriate, provided that no such change increases the total ground area covered by buildings by more than two percent(2%). 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 or Developer 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 or Developer shall pay any non- 6 discriminatory new or additional fees hereinafter charged by the Village to owners and developers of properties within the Village. 9. Water Provision. The Developer 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 E are hereby approved by the Village. It is understood,however,that changes to the Preliminary Engineering Plan may be required at the time of Final Engineering. The Developer 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 Developer 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 ability and in a non-discriminatory manner water service to all users on the Property in accordance with the Preliminary Plan. Watermains serving the Property and those approved as part of the development shall be installed by the Developer 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. 10. Storm and Sanitary Sewer Provisions. a) The Corporate Authorities agree to cooperate with the Owner and Developer and to use their best efforts to aid Developer in obtaining such permits from governmental agencies having jurisdiction as may be necessary to authorize connection from the proposed development to the Lake County Department of Public Works for the collection of sewage and to the Lake County Division of Transportation as may be appropriate. The Developer shall construct on-site and off- site sanitary sewers as may be necessary to service the Property,in accordance with Exhibit E.It is understood,however,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 Developer 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 Developer shall also construct any storm sewers which may be necessary to service the Property, in accordance with Exhibit E. It is understood, however, 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 multiple properties.The Developer agrees to operate and maintain that portion of the storm sewer system located on the subject Property and not dedicated. 11. Drainage 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 opinion of the Village Engineer, be detrimental to the growth and maintenance of lawn grasses. 8 12. Payment of Recapture Fees Owed. Any amount of recapture required to be paid by this Property shall be due and payable to the Village upon final platting of the first plat of subdivision of any portion of the Property. 13. Security for Public and Private Site Improvements. Security for public and private site improvements shall be provided in accordance with the Development Ordinance, and the Development Improvement Agreement(Exhibit C) 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. 14. Exhibits. The following Exhibits, some of which were presented in testimony given by the Developer 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. EXHIBIT A Legal Description EXHIBIT B Plat of Annexation dated February 23,2005 EXHIBIT C Development Improvement Agreement EXHIBIT D Preliminary Plan(Site Plan)dated as last revised January 14,2005 (11 x 17-inch color and 24x3 6-inch blackline)by Groundwork,Ltd. 9 EXHIBIT D-1 Preliminary Site Plan dated February 18, 2005 depicting building areas and rear yard setback areas for Lots 11 and 13 by Groundwork, Ltd. EXHIBIT E Preliminary Engineering Plan dated as last revised December 15, 2004 by Groundwork, Ltd. EXHIBIT F Landscape Plan and Tree Protection Plan dated December 6,2004 (Sheets L-1, L-2, L-3 & L-4) 11x17-inch color (Sheet L-1) and 2406-inch blackline)by Michael Snyder Landscape Architecture EXHIIBT G Tree Inventory and Report dated December 7,2004 by Urban Forest Management, Inc. EXHIBIT H Site and Zoning Information Sheet dated November 8, 2004 EXHIBIT I Traffic Report dated November 4, 2004 by KLOA 15. Annexation Fee. Owner and Developer agree to pay an annexation fee of$700.00 per dwelling unit, which fee shall be payable pro rata at issuance of building permits. This fee, however, shall be paid in full prior to the expiration of this Agreement. 16. Building,Landscaping and Aesthetics Plans. Developer will submit final plans concerning building appearance and landscaping at the time of application for the first building permit for the Property. Portions of the Property not under construction or completed shall be maintained in a neat and orderly fashion as determined by the Village Manager. 17. Project Models. The Village agrees to allow the Developer to construct and maintain one model area on the Property,consisting of a maximum of one building,together with suitable off-street parking areas, all subject to Village approval. Such construction shall be in compliance with the provisions of the Village's Building Code in effect at the time of building permit issuance. The Developer may use the model only for marketing the Property. Such use shall be discontinued when development of the Property as approved herein has been completed as 10 determined by the Village. 18. Park District Donations. Owner and Developer agree to comply with the provisions of Title 19 of the Buffalo Grove Municipal Code as amended from time to time regarding park donations. Developer agrees to make cash contributions to the Village for conveyance to the Buffalo Grove Park District to fulfill the obligation of the Property concerning park donations. 19. School District Donations. Owner and Developer agree to comply with the provisions of Title 19 of the Buffalo Grove Municipal Code as amended from time to time regarding school donations. Developer agrees to make cash contributions to the Village for conveyance to School Districts 102 and 125 according to the criteria of said Title. 20. Library District Donations. - Owner and Developer agree to comply with the provisions of Title 19 of the Buffalo Grove Municipal Code as amended from time to time regarding library donations. 21. Conditions Concerning Parks,School and Library Donations.It is understood and agreed that rooms in the residential units labeled as dens,lofts,studies,libraries or bonus rooms on the floor plans will be counted as bedrooms for the purposes of calculating park,school and library donations,if,in the judgment of the Village,said rooms can be used as bedrooms.It is understood and agreed that the per acre land value used to compute said cash contributions may be increased from time to time, and cash contributions made at the time of building permit issuance shall be based on the land value in effect at the time of permit issuance. 22. Facilitation of Development. 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 11 understood and agreed that the successful consummation of this Agreement and the development of the Property is in the best interests of all the parties and requires their continued cooperation. The Owner and Developer do hereby evidence their intention to fully comply with all Village requirements,their willingness to discuss any matters of mutual interest that may arise, and their willingness to assist the Village to the fullest extent possible. The Village does hereby evidence its intent to 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. 23. Enforceabil�y of the Agreement. This Agreement shall be enforceable in any court of competent jurisdiction by any of the parties 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 provision shall be deemed to be excised herefrom and the invalidity thereof shall not affect any of the other provisions contained herein. 24. Term of Agreement. This Agreement is binding upon the Property,the parties hereto and their respective grantees,successors and assigns for a term of twenty(20)years from the date of this Agreement. This Agreement shall not be assigned without prior written consent of the Village. This Agreement may be amended by the Village and the owner of record of a portion of the Property as to the provisions applying thereto,without the consent of the owners of other portions of the Property. 25. 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 12 in their official capacities as members of such group and shall have no personal liability in their individual capacities. 26. 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 Developer: Keith Jacobs Jacobs Homes 700 Osterman Avenue Deerfield, IL 60015 Copy to: Mr. Lawrence M. Freedman,Esq. Ash, Anos, Freedman& Logan 77 N. Washington Street, Suite 1211 Chicago, IL 60602 If to Village: Village Clerk Village of Buffalo Grove 50 Raupp Boulevard Buffalo Grove,IL 60089 Copy to: William G. Raysa, Esq. Raysa&Zimmermann,LLC. 22 S. Washington Ave Park Ridge, IL 60068 27. Default. a) In the event Owner or Developer default in performance of their obligations set forth in this Agreement,then the Village may,upon notice to Owner or Developer,allow Owner or Developer 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 or Developer fail to cure such default or provide such evidence as provided above,then,with notice to Owner or 13 Developer,the Village may begin proceedings to disconnect from the Village any portion of the Property upon which obligations or development have not been completed or at the option of the Village,to rezone such Property to the Residential Estate District. In such event,this Agreement shall be considered to be the petition of the Owner or Developer to disconnect such portion of the Property,or at the option of the Village,to rezone such Property to the Residential Estate District. b) In addition to sub-paragraph a)hereof,it is recognized by the parties hereto that there are obligations and commitments set forth herein which are to be performed and provided by the Developer not by the Owner. The Village agrees that the Owner as such is exculpated from any personal liability or obligation to perform the commitments and obligations set forth herein and that the Village will look solely to the Developer for such performance,except that to the extent that the Owner or successor thereto shall become a developer or shall designate or contract with a developer other than Jacobs Homes.In that case,the Owner or the new designee shall be subject to the liabilities,commitments and obligations of this Agreement. In the event the Developer defaults in its obligations created under this Agreement, the Village may enforce such obligations against the Property Owner. 28. Litigation. a) The Owner and Developer, at their cost, shall be responsible for any litigation which may arise relating to the annexation, zoning and development of the Property. Owner and Developer shall cooperate with the Village in said litigation but Owner/Developer's counsel will have principal responsibility for such litigation. 14 b) The Owner and Developer shall reimburse the Village for reasonable attorneys'fees,expenses and costs incurred by the Village resulting from litigation relating to the annexation,zoning and development of the Property or in the enforcement of any of the terms of this Annexation Agreement upon a default by the Owner or Developer. c) Owner and Developer hereby indemnify and hold the Village harmless from any actions or causes of action which may arise as a result of development activities for which the Owner or Developer is responsible. 29. Special Conditions. a) Variations - The following variations are hereby granted as depicted on Exhibits D and E. (1) Zoning Ordinance (a) Section 17.40.020.B.—To allow a rear yard of 35 feet instead of 40 on Lot#12. (2) Development Ordinance (a) Section 16.50.040.C.4. — Concerning the design of the stormwater retention facility(pond):to waive the requirement for a 12-foot wide flat area 18 inches above the highwater line around the perimeter of the pond. (b) Section 16.50.050.D.7.—To allow a reduction in the minimum depth of the sanitary sewer line from the required 6- foot depth to 5 feet. (3) Floodplain Ordinance (a) Section 18.20.020.E. — To allow reduction of the required horizontal setback of a building from the floodplain from 25 feet to 15 feet on Lots#15 and#16. 15 b) Floodplain requirement — All development shall conform to Federal Emergency Management Agency(FEMA)Technical Bulletin 10-01. c) Tree protection and landscaping—Developer shall obtain approval of the Village Forester prior to any site grading or removal,relocation or trimming of trees on the Property. A final landscaping plan shall be submitted for review and approval by the Village Forester prior to application for a building permit. d) Real estate transfer tax—It is understood and agreed that the Village of Buffalo Grove levies a real estate transfer tax on all conveyances of real property in the Village. The Property shall be considered to be in the Village upon passage of the annexation ordinance by the Corporate Authorities. e) Addresses—It is understood and agreed that upon annexation the Village will issue new street addresses for buildings on the Property to ensure proper identification for provision of services,and Owner and Developer shall use said Village addresses in place of current addresses assigned by Lake County. Owner or Developer is also required to contact the Buffalo Grove Post Office and submit a change of addresses requesting use of the addresses as assigned by the Village. f) Security Interest Affecting Title—Owner and Developer represent and warrant that that the only mortgagee, lien holder or holder of any security interest affecting title to the Property or any part thereof is Foster Bank. Foster Bank by its written approval of this Agreement acknowledges that this Agreement is superior to its security interest in the Property. 16 g) Fire District Reimbursement—Owner shall deposit with the Village the amount necessary to reimburse the Village for any real estate tax payments made or to be made by the Village to the Long Grove Fire Protection District concerning the Property pursuant to Section 705/20 of the Illinois Fire Protection Act (70 ILCS 705/20). Said deposit, as determined by the Village, shall be made by the Owner within sixty(60)days of the date of this Agreement. h) Well and septic facilities--All water wells and septic sewer facilities on the Property shall be properly sealed or pumped and filled as required by the Illinois Department of Public Health and as approved by the Village Health Officer. Any underground tanks shall be removed as permitted and approved by the Illinois State Fire Marshal. Said sealing and removing of wells, septic facilities and underground tanks shall be completed on a schedule as directed by the Village. i) Removal of buildings—All buildings, structures,vehicles and other materials on the Property shall be removed prior to any development. If the Village determines, in the period prior to development, that structures or other objects need to be removed from the Property to prevent health or nuisance problems,Developer shall comply pursuant to the Village's direction. j) Stormwater management parcel—The area labeled as "proposed retention" on Exhibits D and E shall be platted as an outlot on the final plat of subdivision for the Property.It is understood and agreed that that the Village shall accept ownership of said outlot, which shall be conveyed in fee to the Village at the request of the Village. All improvements as required by the Village shall be completed to the Village's satisfaction prior to conveyance of said outlot to the 17 Village. k) Construction access- During the construction of the development approved by this Agreement,construction vehicles and equipment,including construction workers'personal vehicles, shall enter and leave the Property via Deerfield Parkway, not Hidden Lake Drive. Developer shall install signs as directed by the Village to regulate construction traffic. Developer shall inform all contractors involved in development of the Property that construction vehicles and equipment are not allowed to use Hidden Lake Drive for access to the Property.The Developer shall ensure that construction vehicles and equipment and the personal vehicles of workers involved in the development of the Property are not parked on Hidden Lake Drive or any other residential streets adjacent to the Property. 18 IN WITNESS WHEREOF, the Corporate Authorities, 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. VILLAGE OF BUFFALO GROVE ELLIOTT HARTSTEIN,Village President ATTEST: By • - "'VILLAGE CLERK OWNER: By DEVELOPER: Jacobs Homes ZLAC As Solf MA► 4c---e of 77je c=s,6� AT N DDT "kr, L1.G By �s'rsys� &mabMg-�► vjc:F pet-S���T This document prepared by: OF Robert E. Pfeil Village of Buffalo Grove 50 Raupp Boulevard Buffalo Grove, IL 60089 Mail to: Village Clerk Village of Buffalo Grove 50 Raupp Boulevard Buffalo Grove,IL 60089 19 Exhibit A -Legal Description Jacobs Homes(Lee property) Estates at Hidden Lake North side of Deerfield Parkway west of Hidden Lake Drive Parcel 1:The north '/z of the northwest'/4 of the southeast'/4 of the northwest'/4 of the southwest'/4 of Section 28,Township 43 North,Range 11 East of the Third Principal Meridian, in Lake County,Illinois;and, Parcel 2: The south''/2 ofthe northwest'/4 ofthe southeast'/4 ofthe northwest'/4 ofthe southwest'/4 of Section 28,Township 43 North,Range 11 East of the Third Principal Meridian, in Lake County,Illinois;and, Parcel 3:That part of the northwest'/4 of the southwest'/4 of Section 28,Township 42 North,Range 11 East of the Third Principal Meridian described as follows:the east 165 feet of the west 660 feet of the north 330 feet of the south 660 feet of the northwest '/4 of the southwest '/4 of said Section 28, also the south 330 feet of the northwest '/4 of the southwest'/4(except the west 495 feet thereof and except that part of the south 155 feet lying east of the west 713.7 feet thereof and except the east 330 feet of the north 175 feet thereof and except the south 60 feet conveyed for highway widening)in Lake County,Illinois; and, Parcel 4:The south 155 feet of the northwest'/4 ofthe southwest'/4 of Section 28,Township 43 North,Range 11 East of the Third Principal Meridian lying east of the west 713.70 feet(except the east 330 feet thereof and except the south 60 feet conveyed for highway widening) in Lake County, Illinois;and, Parcel 5: That part of the south 660 feet of the northwest quarter of the southwest quarter of Section 28, Township 43 North,Range 11 East of the Third Principal Meridian lying north of the south 330 feet thereof and lying east of the west 660 feet thereof and lying west of the west line and its southerly extension of the northwest quarter of the southeast quarter of the northwest quarter of the southwest quarter of said Section 28 in Lake County,Illinois;and, Parcel 6:That part of the northwest quarter of the southwest quarter of Section 28,Township 43 North,Range 11 East of the Third Principal Meridian lying north of the north line of the south 330 feet of the northwest quarter of the southwest and lying south of the south line of the northwest quarter of the southeast quarter of the northwest quarter of the southwest quarter of Section 28 and lying east of the southerly extension of the west line of the northwest quarter of the southeast quarter of the northwest quarter of the southwest quarter of said Section 28 all in Lake County,Illinois;and Parcel 8:That part of the northwest quarter of the southwest quarter of Section 28,Township 43 North,Range 11 East of the Third Principal Meridian,lying north of the south 330 feet thereof,lying west of the west line of Westchester Estates Subdivision and lying east of the east line of the northwest quarter ofthe southeast quarter of the northwest quarter of the southwest quarter of Section 28 aforesaid, in Lake County,Illinois; and, SUBJECT PROPERTY COMMON DESCRIPTION: The approximately 7.21-acre tract(including 0.31 acres of Deerfield Parkway right-of-way),on the north side of Deerfield Parkway west of Hidden Lake Drive,including 16808, 16820,and 16878 W.Deerfield Parkway. PIN: 15-28-300-006 PIN: 15-28-300-007 PIN: 15-28-300-047 CONSENT OF MORTGAGEE FOSTER BANK, a(n) -s , in its capacity as mortgagee under the "Mortgages" (as hereinafter defined) which encumber all or some portion of the property described on Exhibit A attached hereto and made a part hereof hereby consents to the execution and recording of the within Annexation Agreement and agrees that the Mortgages are subordinate and subject thereto. As used herein, the term "Mortgages" shall mean (1) that certain Mortgage dated May 10, 2000 and recorded with the Lake County Recorder of Deeds (the "Recorder") on May 30, 2000 as Document No. 04533297; and (2)that certain Mortgage dated April 21, 2003 and recorded with the Recorder on May 29, 2003 as Document No. 005250596. IN WITNESS WHEREOF, the undersigned has caused this Consent of M prtgagee to be signed by its duly authorized officer on its behalf as of this day of � 2005. FOSTER ANK, a(n) I By: Its: ,' aaM + c-e,,- Nam6 (Printed) M04 Moo t � STATE OF t)Nv 1 S SS COUNTY OF C-0 0 I, - Soo K,PA , a Notary Public in and for said County and State, do hereby certify that the V;[P `Prrr�Pr,�' of FOSTER BANK, a(n) , as such appeared before me this day in person and acknowledged that�he signed and delivered said instrument as hic free and voluntary act, and as the free and voluntary act of said Bank, for the uses and purposes therein set forth. GIVEN under my hand and notarial seal this 1' day of "O rC& 32005. Notary Public My Commission Expires: /a-/O-af66 OFFICIAL SEAL CHEE•S00 KIM NOTARY PUBLIC,STATE OF ILLINOIS MY COMMISSION EXPIRES 12-10-2006