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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. Page 1 of 2 smart. with h a 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: ^"-l'n\g^^!"tJa ndt-+d Si ra bia n, Vi I lag-lerk Eric N. S , Village Preside =>.. -- ^i '.'>\.,1;i)\t. 50 Raupp Blvd, Buffalo Grove, lL 60089 \ 847-459-2500 , vbg.org '1 Page 2 of 2 smart. with heart June _, 2025 Amendment No. 5 To Agreement This Amendment No.5 to Agreement is made and entered into effective as of the 15th day of April 2025 by and between the Village of Buffalo Grove, an lllinois Municipal Corporation, hereinafter referred to as the "Village" and US LBM Operating Co. 2009, LLC and US LBM Operating Co. 3009, LLC, each organized as a Delaware Limited Liability Company (collectively "the Parties"), 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 Whereas the Village and Hines entered into an Amendment to Agreement dated March 3, 2003 (the "First Amendment"), Whereas the Village and Hines entered into an Amendment to Agreement dated july 28, 2009 (the "Second Amendment"), Whereas the Village and Hines entered into an Amendment No. 3 to Agreement dated August 11, 2020, Whereas the Village and US LBM Operating Co. 3009, LLC, as Assignee to the Agreement, entered into Amendment No. 4 to Agreement dated December 75,2022. (collectively, "the Amendments"). Now, therefore, in consideration of the mutual covenants and promises set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Parties, the Parties agree that the Agreement, as amended by the Amendments noted above, is further amended and restated to read as follows, The Agreement is hereby amended to include as a Party to the Agreement US LBM Operating Co. 2009, LLC a Delaware Limited Liability Company, assumes all rights and obligations under the Agreement, as amended, such that the Agreement applies to both US LBM Operating Co., 2009, LLC and US LBM Operating Co. 3009, LLC. 6. Creation and Approval of5inqle Order-Acceptance Point: F. US LBM Operating Co. 2009, LLC and US LBM Operating Co. 3009, LLC, each represent that their sales attributable to the Village of Buffalo Grove meet the requirements of 86 lll. Admin. Reg. 270.115 as such sales have at least three primary sales tax sourcing factors located in the Village. Such factors include: (1) with reeard to the Hines dMsion of uS tBM Operating Co.3m9, Ll-C onv, the location of Hines' operating division headquarters is now located at 2150 E Lake Cook Rd., Buffalo Grove, lL 60089 (and not headquarters of US LBM Operating Co. 3009, LLC or US LBM Operating Co. 2009, LLC or parent of any legal entity within the US LBM legal structure; (2) the location where payment is tendered and received or from which invoices are issued with respect to sales sourced to Buffalo Grove; (3) the location where action is taken to bind themselves to the sale by order acceptance of purchase orders with respect to sales sourced to Buffalo Grove; 1 and/or, (4) the location of sales personnel exercising discretion and authority to solicit customers on behalf of a seller and to bind the seller to the sale with respect to sales sourced to Buffalo Grove. Allother provisions of the Agreement, not amended herein remain in full force and effect. The Recitals on page 1 of this Agreement are incorporated into and made a part of this Agreement. [SIGNAIURES APPEAR ON THE NEXT PAGE] ln Witness, hereof, the parties have executed this Assignment, Assumption and Amendment No. 5 to Agreement as ofthe date first above written. Village of Buffalo Grove Attest: :- / .'-\,..\ 2""*yn - S^,^L--, US LBM Operating Co. 3009, LLC & US LBM Operating Co. 2009, LLC Attest: Title: Senior Paralegat v,.r\a&mq v,-qaaec"oa- cFo US LBM Operating Co. 3009, LLC dlbla Hines Lumber Co., a Delaware Corporation and US LBM Operating Co. 2009, LLC d/b/a Lumber Specialties, a Delaware Limited Liability Company Attest Title Senior Parategat Vice President - Tax