2024-10-21 - Ordinance 2024-089 - AUTHORIZING A DEVELOPMENT IMPROVEMENT AGREEMENT WITH PROJADES LLC FOR THE PRAIRIE POINTE TOWNHOMES DEVELOPMENT 1
�� �:_ ORDINANCE 2024-089
BUFFALSJ AN ORDINANCE AUTHORIZINC A
G�V� DEVELOPMENT IMPROVEMENT
AGREEMENT WITH PROJADES LLC FOR THE
PRAIRIE POINTE TOWNHOMES
DEVELOPMENT
WHEREAS the Village of Buffalo Grove is a home rule unit pursuant to the
Illinois Constitution of1970; and
WHEREAS the Village seeks to enter into a Development Improvement
Agreement (DIA) with Projades LLC ("Developer") for site improvements associated
with the Prairie Point Townhomes Development.
NOW THEREFORE BE IT ORDAINED by the President and Board of Trustees of the
Village of Buffalo Grove, Cook and Lake Counties, Illinois, as follows:
SECTION 1. The foregoing recitals are hereby adopted and incorporated and made a
part of this Ordinance as if fully set forth herein.
SECTION 2. The Development Improvement Agreement is approved subject to
review and approval by the Village Attorney.
SECTION 3. 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 4. This Ordinance shall be in full force and effect from and after its passage
and approval and shall not be codified.
AYES: 6-Johnson. Cesario, Ottenheimer, Stein, Bocek, Weidenfeld
NAYES: 0- None
ABSENT: 0- None
PASSED: October 21. 2024
APPROVED: October 21, 2024
PUBLISHED: October 22. 2024
ATTEST: APPROVED:
'�_:�,c;�,
Jan t� '�lrahiara�Vill�g�Clerk Eric N. S ith,Village President
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