1992-48RESOLUTION 92- 48
A RESOLUTION APPROVING THE COMMONWEALTH EDISON
RECREATION LEASE (BIKE PATH AND OPEN SPACE) EXTENSION
WHEREAS, a lease from Commonwealth Edison is required to properly
accommodate the Village's bike path system; and
WHEREAS, the Village is required to approve the required
recreational lease.
NOW, THEREFORE, BE IT RESOLVED BY the Village President and Board
of Trustees of the Village of Buffalo Grove, Cook and Lake Counties,
Illinois, that the Village President and Village Clerk are hereby authorized
and directed to execute the Recreational Lease Extension which is attached
hereto and made a part hereof.
AYES: 5 - Marienthal, Reid, Rubin, Braiman,_Hendricks
NAYES: 0 - None
ABSENT: 1 - Kahn
PASSED: November 16 , 1992
APPROVED: November 16 1992
ATTEST:
aa�a
Vill Clerk
L129:LTR92
R /W: DESPLAINES- WAUKEGAN
PART OF PARCELS: 259, 260, 261, 262
SEC. 28 TWP. 43 RANGE 11E
OF THE THIRD PRINCIPAL MERIDIAN
LAKE COUNTY, ILLINOIS
C.E.CO. TAX PARCEL 4120 -1 & 4128
C.E.CO. NORTHERN DIVISION
LEASE SUPPLEMENT NUMBER ONE
LANDLORD: Commonwealth Edison Company, an Illinois Corporation
TENANT: Village of Buffalo Grove
LEASE DATED: October 16, 1987
PRIOR SUPPLEMENTS DATED: None
PURPOSE: Maintenance of a grass recreation area with the maintenance of an
eight (8) foot bike path all insofar as permitted by law and for no
other reason whatsoever.
LOCATION OF PREMISES: West of Weiland Road and north of Busch Road located in
Buffalo Grove, Illinois.
Landlord and Tenant have entered into the hereinabove mentioned Lease
for a Five year period commencing on October 1, 1987, and expiring on
September 30, 1992, and Landlord and Tenant desire to amend said Lease subject
to the modifications hereinafter provided.
MODIFICATIONS:
It is mutually agreed that the said Lease is hereby extended for an
additional Ten year period commencing on October 1, 1992, and expiring on
September 30, 2002, unless sooner terminated as provided in said Lease.
AUTHORITY TO ACT: This Agreement shall be executed for and on behalf
of the Village of Buffalo Grove pursuant to a resolution adopted by the
Trustees of the Village of Buffalo Grove, the Tenant, at a regular meeting
held 0104C14644- 6 1993„ and signed by the officers therein
designated as signatories and attested by the clerk of such Village, and a
certified copy of such resolution shall be attached hereto and made a part
hereof as evidence of the authority herein exercised by the undersigned
officers executing the Lease.
All of the terms and conditions of the Lease dated October 16, 1987,
are incorporated herein by reference and except as expressly modified by this
instrument, said terms and conditions shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have hereunto set their hands
and seals this day of VtrjL^br .qL. , 199 .
LANDLORD:
ATTEST: `
By a4k4
Vi Wage of Buffalo Grove
Title
KLT:rl /3765Y
- 2 -
COMMONWEALTH EDISON COMPANY
By
U. U
Supervisor Land Management
Real Estate Department
TENANT:
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W
STATE OF ILLINOIS )
COUNTIES OF LAKE AND COOK )
I, JANET M. SIRABIAN, hereby certify that I am the duly
elected, qualified and acting Village Clerk of the Village
of Buffalo Grove, Counties of Cook and Lake, Illinois, and
the keeper of its seal and records.
I hereby further certify that the attached is an
true copy of Resolution 92 -48 adopted on the 16th day
of November 1992 , by the Village Board of the
Village of Buffalo Grove as shown by the records in my
custody.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the seal of the Village of Buffalo Grove aforesaid,
at the Village, in the County and State aforesaid, this
20th day of November 1992
ld
Village Clerk
By+✓t �� L
Deputy Village Clerk
RESOLUTION 92- 48
A RESOLUTION APPROVING THE COMMONWEALTH EDISON
RECREATION LEASE (BIKE PATH AND OPEN SPACE) EXTENSION
WHEREAS, a lease from Commonwealth Edison is required to properly
accommodate the Village's bike path system; and
WHEREAS, the Village is required to approve the required
recreational lease.
NOW, THEREFORE, BE IT RESOLVED BY the Village President and Board
of Trustees of the Village of Buffalo Grove, Cook and Lake Counties,
Illinois, that the Village President and Village Clerk are hereby authorized
and directed to execute the Recreational Lease Extension which is attached
hereto and made a part hereof.
AYES: 5 - Marienthal, Reid, Rubin, Braiman Hendricks
NAYES: 0 - None
ABSENT: 1 - Kahn
PASSED: November 16 , 1992
APPROVED: November 16 , 1992
;APPRO
illage Pr ent
ATTEST:
Vill Clerk
L129:LTR92