1999-300 . .1
RESOLUTION NO. 99- 30 •
AUTHORIZING THE VILLAGE OF BUFFALO GROVE
TO ENTER INTO A PARKING LEASE WITH
COMMONWEALTH EDISON COMPANY
WHEREAS,the. Village and Commonwealth Edison Company have previously entered into a
"Parking Lease" dated September 1, 1995 as authorized by Village Resolution No. 95 -62, whereby the
Village leased certain property from Commonwealth Edison Company in order to construct parking
spaces for the Wisconsin Center /Metra line; and
WHEREAS,the Village needs to construct 206 additional parking spaces for commuters using
the Metra's North Central line at Buffalo Grove's station on Commerce Court; and
WHEREAS, the Village needs to enter into a new Parking Lease to provide for expansion of
the existing parking lot, and
WHEREAS, the attached Parking Lease contains the terms and conditions by which the Village
will lease the property from Commonwealth Edison Company
NOW THEREFORE BE IT RESOLVED BY THE PRESIDENT AND THE BOARD OF
TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS:
Section 1. That the Village hereby authorizes the acceptance of the terms and conditions of
the parking lease between the Village of Buffalo Grove and Commonwealth Edison Company which is
attached hereto.
AYES: 5 - Reid, Braiman, Hendricks, Glover, Berman
NAYES: 0 - None
ABSENT: 1 - Marienthal
PASSED: May 17 , 1999.
APPROVED: Mav 17 '1999.
APPROVED:
Village President
ATTEST:
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illage Clerk
N:ICOMED199.WPD