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O-82-05 10/12/2005i 11 Doc #: 0530027091 Fee: $74.50 Eugene "Gene" Moore Cook County Recorder of Deeds Date: 10/27/2005 12:32 PM Pg: 1 of 9 VILLAGE OF LEMONT ORDINANCE NO. o -1(q-€35" COOK COMPOSITE & POLYMERS / ASHLAND DISTRIBUTION WATER MAIN EXTENSION RECAPTURE AGREEMENT ADOPTED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LEMONT This 12th day of October, 2005. Published in pamphlet form by Authority of the President and Board of Trustees of the Village Of Lemont, Cook, Will and DuPage Counties, Illinois, this /2 day of 0 c k 6ir , 2005. This document prepared by: John Antonopoulos, Esq. 15419 127th Street, Suite 100 Lemont, IL 60439 VILLAGE OF LEMONT ORDINANCE NO. C. jZ -cs- COOK COMPOSITE & POLYMERS / ASHLAND DISTRIBUTION WATER MAIN EXTENSION RECAPTURE AGREEMENT This Ordinance and Recapture Agreement for Water (hereinafter, the "Ordinance and Agreement") is made by and between the Village of Lemont, an Illinois municipal corporation (hereinafter, the "Village "), and Cook Composite and Polymer Company and Ashland Distribution (hereinafter, the "Owners "); the Village and the Owners are sometimes referred to individually as a "Party" and jointly as the "Parties ". A. Whereas, the Owners own certain tracts of land along Main Street between Parker and Maley Road and are desirous of developing said property. B. Whereas, the Village is determined that upon the advice and recommendation of the Village Engineer, that it is in the best interest of the community to extend and improve its municipal water in a manner which would serve the area of land larger than Cook Composite and Polymer Company and Ashland Distribution, and a part of a larger area within the boundaries of the Village in which improvements will benefit other properties other than the Owners. 1 C. Whereas, extensions of and improvements to the Village's water system is and will be carried out in the manner recommended by the Village Engineer with the understanding that the Village would establish procedures whereby equitable portions of the construction costs could be recaptured from the owners and developers of other properties which would benefit from connection to said upgraded extensions. A legal description depicting the recapture parcel located within the area of the water system improvements which is subject of this Ordinance and Agreement is attached hereto as "Exhibit A" and incorporated herein by reference. D. Whereas, the Ordinance and Agreement is intended to take into account the area identified on "Exhibit A" which may be served by the extension and improvements to the Village's water system by the Owner's development. WHEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL AND DU PAGE as follows: 1. Costs. The construction cost of the Water Main improvements is estimated to be $263,799.00, with additional related expenses estimated not to exceed $39,569.85. 2. Benefited Area. In order to effect a fair and equitable allocation of the cost of Water Main among those who will be benefited by connection to the Water Main, it is hereby determined that the Owners of the Benefited Area are determined as follows: 2 Ashland Distribution (PIN #22 -14- 300 -035) Cook Composite & Polymer Company (PIN 22 -14- 300 -034 & PIN 22 -14- 300 -040) D. Loniello Hussman Parcel Share (PIN #22 -14- 300 -029) Totals Estimated Construction Cost $ 79,686.67 104,425.66 79.686.67 $263,799.00 Estimated Maximum Related Expenses $11,952.07 15,665.71 11.952.07 $39,569.85 Total $ 91,638.74 120,091.37 91 638.74 $303,368.85 In consideration for Ashland Distribution and Cook Composite and Polymer Company paying the entire amount necessary to make said Water Main improvements, and D. Loniello Hussman parcel not participating in the Water Main Extension but being within the Benefited Area, the Village shall adopt this Ordinance allowing Ashland Distribution and Cook Composite and Polymer Company to Recapture the actual cost of the water main and related expenses not to exceed $91,638.74 plus interest at seven and one -half percent (7- 1/2 %), commencing from the date of disbursement and compounded annually from and after said date from time to time against the Owners of the land described on "Exhibit A ", identified as Permanent Real Estate Index Number 22- 14- 300 -029. 3. Recapture Fees. Before any portion of the lot or parcel described in Exhibit A shall be connected directly or indirectly to the Water Main, the applicant for such connection shall pay to the Village Clerk, the recapture amount noted in Paragraph 2, plus interest as set forth in Paragraph 2 of this Ordinance. 4. Collection. The Village shall collect Recapture Fees before Water Main connection permits are issued. The Village may bring suit to enforce collection of same. Owners may bring suit on behalf of the Village to collect any Recapture Fees due and owing. In the event 3 the Owner prosecutes a collection lawsuit, the Village shall cooperate by allowing Owners reasonable access to its books and records concerning the annexation and development of properties within the Benefited Area and the collection of recapture Fees. Neither the Village nor any of its officials shall be liable for monetary damages for failure to collect Recapture Fees. 5. Payment to Owner. The Village Clerk shall pay the Owners its successor and or assigns or its designee all Recapture Fees upon receipt thereof until Owners have recovered the aggregate principal amount as noted in Paragraph 2, together with interest charges that have been recovered. The amount of recapture Fee shall be computed by the Village Engineer upon completion of the project, and shall be established at that time. Payment shall be divided equally between the Owners, its successors, and or assigns or its designee within thirty (30) days of receipt under Paragraph 4 of this Agreement. 6. Other Fees. Nothing herein shall limit or in any way affect the rights of the Village to collect other fees and charges pursuant to Village ordinances, resolutions, policies or practices, including, but not limited to, water connection, inspection, permit and tap -in fees, which fees and charges shall be in addition to the Water Recapture Fees. 7. Ownership and Maintenance. By this Agreement, Owners convey and transfer to the Village, upon inspection and approval by the Village Engineer, all Owners rights to the said systems and Owner shall have no further obligation relating thereto. Water Main systems shall be the property of the Village. The Village, without cost to the Owners, shall maintain and repair the system in accordance with Village maintenance policies and ordinances in effect from time to time. 8. Term. This Ordinance and Agreement shall be binding on the Parties for a term of twenty (20) years from the date hereof of this Ordinance and Agreement. The Village's ownership and maintenance of the Improvements shall be perpetual. 4 9. Notice. Any notice or other communication which may be desired or required pursuant to the Ordinance and Agreement shall be in writing and shall be deemed given if personally delivered or deposited in the United States Certified Main, postage prepaid, addressed to the intended recipient at the addresses set forth below, or to other addresses as each Party may subsequently designate by notice in accordance herewith: If to the Village: Village of Lemont 418 Main Street Lemont, Illinois 60439 If to the Owners: Ashland Distribution 8500 South Willow Springs Road Willow Springs, IL 60480 Cook Composite & Polymer Company 13511 Main Street Lemont, IL 60439 Notices shall be deemed made on the day deposited in the U.S. Mail. 10. All Actions Taken. The Village confirms that it has taken or shall take all actions required by law to enable it to executed this Ordinance and Agreement and to perform the covenants and conditions of the Ordinance and Agreement. 11. Captions. The captions of paragraphs herein are inserted only for convenience and are in no way to be construed as a part of this Ordinance and Agreement or as a limitation of the scope of the particular sections to which they refer. 12. Assignment. Owners, their successors and or assigns may assign their rights and obligations under this Ordinance and Agreement provided notice of such assignment is given to the Village. Said notice shall state the name and address of Assignee and designate Notice address under Paragraph 9 and shall include a copy of the assignment. 5 13. Amendment. This Ordinance and Agreement and any exhibits attached hereto may be amended only by the mutual consent of the Parties and adoption of an ordinance by the Village approving said amendment, and the execution of said amendment by the Parties or the successors in interest. 14. Contract. This Ordinance and Agreement constitutes a contract between the Parties and may be amended by the Parties from time to time without the consent of any other person owning land within the Benefited Area, or any other person having paid Recapture fees after the date of the enactment hereof. 15. Governing Law. This Ordinance and Agreement shall be govemed by and construed in accordance with the laws of the State of Illinois. This Ordinance and Agreement is binding on the parties, their assigns and successors in interest. 16. Conflicting Ordinances. All ordinance or parts of ordinances in conflict with this Ordinance and Agreement are hereby repealed. 17. Estoppel Certificates. A Party, or its successors, may request and obtain from the other Party, or its successors, a letter or resolution stating (1) whether this Ordinance and Agreement is in full force and effect, (2) which covenants and requirements of this Ordinance and Agreement have been performed, (3) that no Party is in default of its obligations under this Ordinance and Agreement, or, if a Party is in default, the nature and extent of such default, (4) the nature and extent of any amendment or modification to this Ordinance and Agreement, and (5) the amounts of Recapture Fees, interest charges and administrative fees collected by the Village Clerk pursuant to this Ordinance and Agreement and the amounts paid to the Owners. 6 18. Severability. If any provision, clause, word or designation of this Ordinance and Agreement is held to be invalid by any court of competent jurisdiction, such provision, clause, word or designation shall be deemed to be excised from this Ordinance and Agreement and the invalidity thereof shall not affect any other provision, clause, work or designation contained herein. 19. Recording. Owners shall present this Ordinance and Agreement to the Recorder of Dees for Cook County within thirty (30) calendar days after its execution by the Village and Owners. 20. Effective Date. This Ordinance and Agreement shall be in full force and effect from and after its adoption, approval and publication by the President and Board of Trustees of the Village. Adopted this 12th day of October, 2005. Ayes: Nays: Abstain: Absent: Approved: STATE OF ILLINOIS ss COUNTY OF COOK John F. Piazza, i age President I, the undersigned, a Notary Public in and for the State and County aforesaid, hereby certify that John F. Piazza, as Village President for the Village of Lemont, appeared before me this day in person and, being first duly sworn on oath, acknowledged that he executed the foregoing certification as his free act and deed. Given under my hand and seal this 12th day of October, 2005. (Notary Seal) 7 JS or. ublic P';<':;!° SIT S NOWT.' ....-r%:O' ,!uNOIS MYV11,.. s:,t, ' :)v6"7t;:.1.3.200! Exhibit 'A" That part of the Southwest 1/4 of Section 14, Township 37 North, Range 11, East of the Third Principal Meridian bounded and described as follows: Beginning at a point on the Northerly line, (as said Northerly line has been monumented), of a parcel of land conveyed to the Northern Illinois Gas Company by Deed recorded in the Recorders Office of Cook County, Illinois, as Document Number 18787599, said point being 492.81 feet measured perpendicularly, North from the South line and 942.64 feet, measured perpendicularly, East from the West line of said Southwest 1/4, and running; thence Northwardly along a straight line which has as its Northerly terminus, a point which is 1280.86 feet, measured perpendicularly, North from the South line and 792.35 feet, measured perpendicularly East from the West line of said Southwest 1/4, a distance of 241.91 feet to a point; thence Northeastwardly along a straight line, which has as its Northeasterly terminus, a point on the North line of said Southwest 1/4 of Section 14, which point is 34.57 feet, measured along said North Line, West from the Northeast comer of said Southwest 1/4, a distance of 704.86 feet to a point; thence Southwardly along a straight line parallel with the East line of said Southwest 1/4, a distance of 720.23 feet to a point on the Northerly line of the aforesaid parcel of land conveyed to the Northern Illinois Gas Company; thence Westwardly along said Northerly line of the parcel of land conveyed to the Northern Illinois Gas Company, a distance of 429.16 feet to the point of beginning, excepting therefrom the Westerly 16.00 feet thereof, as measured perpendicularly to the Westerly line of that part of said Southwest 1/4 hereinbefore described, in Cook County, Illinois. Identified as Permanent Real Estate Index Number: 22 -14- 300 -029 8