2025-06-16 - Ordinance 2025-071 - FIFTH AMENDMENT TO THE AGREEMENT BY AND BETWEEN VBG AND US LBM OPERATING CO. 2009, LLC AND US LBM OPERATING CO. 3009, LLCt\oRDINAN CE 2025-c71
FIFTH AMENDMENT TO THE AGREEMENT BY
AND BETWEEN THE VILLAGE OF BUFFALO
GROVEAND US LBM OPERATING CO.2OO9,
LLC AND US LBM OPERATING CO.3OO9, LLC
BUFEAI.O
GRPVE
WHEREAS the Village of Buffalo Crove is a home rule unit pursuant to the
lllinois Constitution of 1970: and
WHEREAS the Village and Hines Lumber Co. ("Hines") had entered into an
Agreement dated November 20, 2OOO, concerning Municipal Sales Tax (the
"Agreement"), as amended as follows; and
WHEREAS the Village and Hines entered into an Amendment to Agreement
dated March 3, 2OO3 (the "First Amendment,'); and
WHEREAS the Village and Hines entered into an Amendment to Agreement
dated luly 28, 2009 (the ',Second Amendment,,); and
WHEREAS the Village and Hines entered into an Amendment No.3 to
Agreement dated August ll, 2O2O; and
WHEREAS the Village and US LBM Operating Co.3OO9, LLC, as Assignee to
the Agreement, entered into Amendment No. 4 to Agreement dated December .l5,
2022:and
WHEREAS Hines is requesting an amendment to assign the Agreement to
both US LBM Operating Co.3009, LLC and US LBM Operating Co.2OO9, LLC each
organized as a Delaware Limited Liability Company (collectively ,,the parties,'), in
accordance with the terms and conditions outlined in Exhibit "A" (the ,,Fifth
Amendment").
NOW THEREFORE BE lT ORDA]NED by the President and Board of Trustees of the
Village of Buffalo Crove, Cook and Lake Counties, lllinois, as follows:
SECTTON l. The foregoing recitals are hereby adopted and incorporated and made a
part of this Ordinance as if fully set forth herein.
SECTION 2. The Village President and Village Clerk are hereby authorized to execute
the Fifth Amendment to the Agreement, a copy of which is attached hereto as
Exhibit "A", subject to the final review and approval of the Village Attorney.
SECTION 3. This Ordinance shall be in fullforce and effect from and after its passage
and approval and shall not be codified.
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AYES:
NAYES:
ABSENT:
PASSED:
APPROVED:
PUBLISHED:
6 - lohnson. Richards. Cesario. Ottenheimer. Bocek. Weidenfeld
O - None
O - None
June .16. 2025
June .16. 2025
June i8.2025
ATTEST:APPROVED:
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50 Raupp Blvd, Buffalo Grove, lL 60089 \ 847-459-2500 , vbg.org
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