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R-50-97 Resolution authorizing letter of credit redution for oak tree subdivisionRESOLUTION NO. 45-o-17 RESOLUTION AUTHORIZING LETTER OF CREDIT REDUCTION FOR OAK TREE SUBDIVISION WHEREAS pursuant to the Subdivision Regulations, an owner or developer of a subdivision is required to deposit certain security or evidence thereof with the Village of Lemont to guarantee the installation of such improvements; and WHEREAS in the matter of Oak Tree Subdivision, located at the northwest corner of Archer Avenue and Parker Road, an Irrevocable Letter of Credit #60/87, Southwest Federal Savings, in the amount of $1,152,713.75 was deposited with the Village of Lemont on April 5, 1996; and WHEREAS Ranquist Home Builders has made application for a fifth reduction of the Irrevocable Letter of Credit #60/87 in the amount of $36,050.74; and WHEREAS a duly authorized agent of the Village of Lemont has inspected certain portions of the improvement and has found these portions to have been satisfactorily installed; NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of the Village of Lemont that: SECTION 1: Approval pursuant to the Lemont Subdivision Control Ordinance is hereby recommended for the improvements completed to date. SECTION 2: The Irrevocable Letter of Credit #60/87 is hereby reduced to $190,104.34. NOW, THEREFORE BE IT RESOLVED by the President and board of Trustees of the Village of Lemont that the Irrevocable Letter of Credit No. 60/87 for Oak Tree Subdivision is hereby reduced to $190,104.34. PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LE i ONT, COUNTIES OF COOK, WILL, AND DU PAGE, ILLINOIS, on this day of /_ , _ .1 1997. AYES NAYS PASSED ABSENT Barbara Buschman &:( Keith Latz Connie Markiewicz Rick Rimbo Ralph Schobert / Mary Studebaker Approved by me this day Atte i, , CHARLENE M. SMOLLEN, Village Clerk 1997. ENE M. OLLEN, Village Clerk A WA NESKI, Village President VILLAGE OF LEMONT RESOLUTION NO. DATE OF APPROVAL :%% RESOLUTION APPROVING PRELIMINARY PLAT OF SUBDIVISION FOR MEYER PLANNED UNIT DEVELOPMENT WHEREAS, the petitioner is the owner of certain property consisting of approximately 10.3 acres legally described in Exhibit "A ", which is attached hereto and made a part hereof; and WHEREAS, the petitioner has prepared a Preliminary Plat of Subdivision known as Meyer Planned Unit Development, which is attached hereto and made a part hereof; and WHEREAS, the Lemont Planning & Zoning Commission at its meeting of June 3, 1997 and July 15, 1997, reviewed the preliminary plat and submitted its recommendations as required by Village of Lemont ordinance; and WHEREAS, the Lemont Planning & Zoning Commission recommended approval of said plat, attached hereto as Exhibit `B "; and WHEREAS, the President and board of Trustees of the Village of Lemont have determined the proposed Preliminary Plat of subdivision to be in the best interest of the Village of Lemont. NOW,'1HIREFORE, BE IT RESOLVED by the President and Board of Trustees that the Preliminary Plat for the Meyer Planned Unit Development, which is attached hereto and made a part hereof, is hereby approved. PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VI GE OF LE ? * NT, COUNTIES OF COOK, WILL, AND DuPAGE, ILLINOIS, on this day of 1997. Barbara Buschman Keith Latz Connie Markiewicz Rick Rimbo Ralph Schobert Mary Studebaker Approved by me this Atte : ay of AYES NAYS PASSED ABSENT V v V/ 4' �/ 414i:11 _ C'HARLENE M. SMOLLEN, Village Clerk , „ir" /.. .....,‘ .,„ 46-4 giNi RD A. KWASNES ?, Village President 997. 1� _ Ay, CHARLENE M. S OL EN, Village Clerk f PIN#: 22 -32- 203 - 015;022; 22 -32- 403 -025; Planning Department Village of Lemont 418 Main Street Lemont, Il 60439 (708)257 -1595 EXHIBIT A ALL OF LOT 6 IN COUNTY CLERK'S DIVISION IN SECTION 32, TOWNSHIP 37 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, EXCEPT THE PART TAKEN FOR ARCHER AVENUE AND EXCEPT THAT PART DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF SAID LOT 6; THENCE EAST 668 FEET ALONG THE NORTH LINE OF SAID LOT 6; THENCE SOUTH 365 FEET ON A LINE NORMAL TO SAID NORTH LINE; THENCE SOUTHWESTERLY 160.80 FEET TO A POINT DESCRIBED AS FOLLOWS: ( COMMENCING AT A POINT ON THE SOUTH LINE OF AID LOT 6, A DISTANCE OF 710.80 FEET WESTERLY OF THE SOUTHEAST CORNER OF THE NORTHEAST QUARTER OF SID SECTION 32; THENCE NORTHWESTERLY AT AN ANGLE OF106 ° -50' WITH THE SOUTH LINE OF SAID LOT 6, 200 FEET TO SAID POINT); THENCE SOUTHEASTERLY 200 FEET TO A POINT ON THE SOUTH LINE OF SAID LOT 6, SAID POINT BEING 710.80 FEET WESTERLY OF THE SOUTHEAST CORNER OF THE NORTHEAST QUARTER OF SAID SECTION 32, THENCE WESTERLY 612.80 FEET TO THE SOUTHWEST CORNER OF SAID LOT 6; THENCE NORTHERLY 672.55 FEET ALONG THE WEST LINE OF SAID LOT 6 TO THE POINT OF BEGINNING; AND ALSO THAT PART OF LOT 7 IN THE COUNTY CLERK'S DIVISION IN SECTION 32, TOWNSHIP 37 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: COMMENCING AT A POINT ON THE NORTH LINE OF SAID LOT 7 THAT IS 415.35 FEET WESTERLY OF THE SOUTHEAST CORNER OF THE NORTHEAST QUARTER OF SAID SECTION 32; THENCE CONTINUING WESTERLY ON THE NORTH LINE OF SAID LOT 7, A DISTANCE OF 188.10 FEET; THENCE SOUTHEASTERLY AT AN ANGLE OF 74 °00' A DISTANCE OF 54.95 FEET TO THE NORTHERLY LINE OF ARCHER AVENUE; THENCE NORTHEASTERLY ALONG THE NORTHERLY LINE OF ARCHER AVENUE A CHORD DISTANCE OF 171.35 FEET TO THE NORTH LINE OF SAID LOT 7, THE POINT OF BEGINNING, ALL OF THE ABOVE BEING IN COOK COUNTY, ILLINOIS. PIN #: 22 -32- 203 - 015;022; 22 -32- 403 -025; -I � I . I^ , - 1 TEISSMANNj RICE I 1 I I I i COON LNMITB COUNTY ZELLON FRANK 10 .. F1CANTBIT "B" MAURY 4y RURAL AESIOENTIAL II q -4 COMITY OF COOK / 9RADSURY VAROA I; I LIMITS OF VILLAGE •F LEMONT 6T. NAT'L SANK LOCKPORT ?AK CREEK ESTATE IR-2 SINGLE FAMILY 10,000 SO. FT.± TH. PL. VILLAGE OF LEMON/ ENGELS 50. HOLLAND I I I SANK 1 TRUST I .10565 _I r SO. HOLLAND SARK 6 TRUST • 101158 SO. HOLLAND C SANK L TRUST • 10966 YI e STINT +0S41NO R_4 ANGLE F4MI. ._ 5,300 SG FT. 1.50E OF EMOMT 00. NOLLANO SANK L TRUST — — • 10968 --------------------------- . 1 1�f1G .9 #101/81 / / ^1 H0LLAMOO 1 SANK 50. 1 TRUST •10664 CARMEN 1 \ ORIGIN) \\ MOTS OF VILLAGE Of LEMONT -/ LIMITS OF MINTY Of COOK SPITZER I 1,I . . 11, 1 p \ gp. HOLLAND{ / /� 9'� ..SANK L TPUS P�•� / .\ « 4'1093% �� 1 18 NOLLAN01 ' ST AN0. K 6 TRU ♦•,01161 d. HOLLAND( A'NK 1 TRUST ♦10961 11 \ j�` °' Tir 1 ' L i SPITZER RUVRAL RESMENTIAL R }4 COUNTY COOK OAMPOELL MORTGAGE 00. 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PRELIMINARY P.U.D. SITE flDEVELOPMENT PLAN MEYER SUBDIVISION \L IN 111 Man and Ma Meyer 240 WEST LOGAf' 1 3 PLANNING DESIGN CONSULTANTS GOFOGSLTO9 : 'ON 3110Hd b NJ -3 F r I T