R-103-00 11/13/00RESOLUTION NO. R-)03 .00
RESOLUTION AUTHORIZING THE EXECUTION OF
KENSINGTON ESTATES INDEMNITY AGREEMENT
WHEREAS, the President and Board of Trustees of the Village of Lemont have deemed it
in the community's best interest to enter into an Indemnity Agreement for recapture fees as more
specifically set forth in the attached Agreement which is hereby identified as Exhibit "A" and made
a part hereof; and
WHEREAS, the Indemnity Agreement would require Kensington Estates Developer, MCD
Properties, LTD be required to make certain deposits to secure disputed recapture fees pursuant
to the Oaktree /Steeples Recapture Ordinance previously approved by the Village Board.
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of the
Village of Lemont, Counties of Cook, Will and DuPage, Illinois, that the Board of Trustees authorize
the President and Clerk to execute the attached Agreement.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF LEMONT, COUNTIES OF COOK, WILL AND DUPAGE, ILLINOIS, on this 144'
day of 114411►1.1 , 2000.
John Benik
Debra Blatzer
Keith Latz
Connie Markiewicz
Rick Rimbo
Mary Studebaker
AYES. NAYS PASSED ABSENT
CHARLENE SMOLLEN, Village Clerk
Approved by me this /3'' day of , 2000.
ATTEST:
1WgL&4q
ARLENE SMOLLEN, Village Clerk
APPROVED AS TO FORM:
ICHARD A. KWASNESKI, Village President
JOHN P. ANTONOPOULOS, Village Attorney
11/10/2000 17:36 6309201338
DONATELLI AND COULES
PAGE 01
iNPEMNITY AGREE ENT
WHEREAS, the Village of Lemont, an Illinois Municipal Corporation (hereinafter
referred to as "VILLAGE ", adopted Ordinance 0 -62 -98 entitled Ordinance Approving a
Recapture Agreement for " Oaktree and Steeples Extension on Archer Avenue in Lemont,
Illinois ", (hereinafter referred to as "Oaktree/Steeples Recapture Ordinance" and attached as
Exhibit "1 "); and;
WHEREAS, the Oaktree/Steeples Recapture Ordinance required certain areas to pay a
connection fee (Exhibit "1"); and
WHEREAS, one part of one of the areas designated in the Oaktree/Steeples Recapture
Ordinance is a five acre parcel identified as "Cemetery/Funeral Home" Permanent index Number
22 -27- 200 -001 was included as part of the Recapture Area (Exhibit "1 "); and
WHEREAS, a subdivision is being developed by MCD PROPERTIES, LTD. known as
Kensington Estates (hereinafter referred to as MCD); and
WHEREAS, an Annexation Agreement for the Kensington Estates Subdivision, dated the
26th day of July, 2000, which has the following provision as part of said Ordinance:
" jecapt . Subject to Ordinance 0- 62 -98, approving a recapture agreement for Ranquist Home
Builders and McArcher Development for the extension of water and sewer mains in the vicinity
of McCarthy Road and Archer Avenue, the OWNER/DEVELOPER shall be required to pay
recapture fees, as established by said ordinance, for connecting the TERRITORY to said water
and sewer mains. The Ordinance, as set forth above, only affects F.I.N. 22- 27- 202 -007.
Further, if OWNER/DEVELOPER do not connect their water and sewer to the Oaktree and/or
Steeples Subdivision then there shall be no recapture"; and
WHEREAS, MCD, the developer of Kensington Estates Subdivision, alleges that
Kensington Estates is not delineated in the Oaktree/Steeplcs Recapture Ordinance (Exhibit "1 ");
and
WHEREAS, MCD objects and disputes the applicability of the OaktreelStceples
recapture payment; and
WHEREAS, the Village is requiring payment by MCD under said Recapture Ordinance
over the objection of MCD.
NOW, THEREFORE, in consideration for the mutual promises and undertakings
hereinafter set forth, MCD agrees as follows:
1. Deposits. Upon execution of this Agreement, MCD shall deposit, in cash, with the
Village, the sum of twenty-five thousand seven hundred fifty -six dollars and 31 /100
($25,75631) and an irrevocable Letter of Credit in the amount of twenty-five
1
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11/10/2000 17:36 6309201338
DONATELLI AND COIJLES
PAGE 02
thousand seven hundred fifty -six dollars and 31/100 ($25,756.31), in a form to be
approved by the Village Attorney and MCD.
2. Qj bursgmcnt of Deposits. The twenty -five thousand seven hundred fifty -six dollars
and 31/100 ($25,756.31) and Letter of Credit for $25,756.31, will remain on deposit
with the Village in a non - interest bearing account until a Court Order or the joint
direction of McARCHER DEVELOPMENT, RANQUIST HOME BUILDERS,
INC,, and MCD as to the disposition of the recapture fees. In the event such joint
written direction is not received by the Village before June 1, 2001, the Village shall
have the option of filing an Interpleader Action or any upon in its sole direction,
determines is appropriate for the disposition of the recapture fee and Letter of Credit,
unless otherwise ordered by the Circuit Court of Cook County.
3, _e l rsement,for osa. In the event the Village incurs any expenses in connection
with administering the recapture fee which is the subject of this indemnity
Agreement, MCD agrees to reimburse the Village for any costs, expenses, including
reasonable attorney's fees or engineering fees that it may incur in connection with
enforcing this Agreement or disposing of the balance of the recapture fee.
4. Full Indemnity. MCD further agrees to indemnify the Village in connection with any
claims that may be made by any of the parties to the Recapture Agreement, including
any successors and assigns who may make a claim against the Village for any release
of money or benefit as required under the Recapture Ordinance and MCD shall pay
all costs, expenses, and included reasonable attorney's fees that the Village may incur
in defending any lawsuits. If the Village is named in any claims they shall promptly
notify MCD.
5. Notices. Unless otherwise notified in writing, all notices, requests and demands shall
be in writing and shall be personally delivered to or mailed by United States Certified
Mail, postage prepaid, and/or faxes as follows:
To: The Village of Lemont
Attn: Village Administrator
418 Main Street
Lemont, IL 60439
2
CC: John P. Antonopoulos
Attorney at Law
15419 127th Street, Suite 100
Lemont, IL 60439
11/10/2000 17:36 6309201338
Edward T. Mansell, Indv.
and MCD Properties, Ltd.
160 East Wend St., Unit A
Lemont, IL 60439
DONATELLI AND COULES
CC: Peter Coules, Jr.
Donatelli & Coules, Ltd.
15 Salt Creek Lane, Ste 312
Hinsdale, IL 60521
PAGE 03
ver �e ` $ ' ,_ e, 0 '..i to , orc- • _x- ' . Failure of any party
to this Agreement to insist upon the strict and prompt performance of the terms,
covenants, agreements, and conditions herein contained, or any of them, upon any
other party imposes, shall not constitute or be construed as a waiver or relinquishment
or any party's right thereafter to enforce any such term, covenants, agreement or
condition, but the same shall continue in full force and effect.
7 S ' s ea ' s. All section headings or other headings in this
Agreement are for the general aid provision shall not
coverlimit
ed and relevant meaning to
or application of any of the provt
such heading or not.
Edw ' T. Mansell, President
MCD PROPERTIES, LTD.
Edward T. Mansell, individually, personally guaran this i, ' -. ,`ty.��
se 1
VI ILA E OF LEMONT
y!,14
an
By
pal orporation
fAlk
1'A. K
Vi lage President
eski
11x'10/2000 17:36 6309201338
State of Illinois
) ss
County of Cook
DONATFI 1 I AND COULES
PAGE 04
I, the undersigned, a Notary Public in and for the County and State aforesaid, DO
HEREBY CERTIFY that the above -named EDWARD T. MANSELL, individually and as
President of MCD PROPERTIES, LTD., personally known to me to be the same person whose
name is subscribed to the foregoing instrument appeared before me this day in persona and
acknowledged that he signed and delivered the said instrument as his own and free and voluntary
act for the uses and purposes therein set forth.
GIVEN under my hand and official seal, this /b'4,day of
Commission expires y' / , 200
4
2000.
■
State of Illinois
County of Cook
) ss
I, the undersigned, a Notary Public in and for the County and State aforesaid, DO
HEREBY CERTIFY that the above -named RICHARD A. KWASNESKI, individually and as
Village President of the Village of Lemont, Illinois, personally known to me to be the same
person whose name is subscribed to the foregoing instrument appeared before me this day in
persona and acknowledged that he signed and delivered the said instrument as his own and free
and voluntary act for the uses and purposes therein set forth.
GIVEN under my hand and official seal, this 131' day of 'V10.0,2 mb.2( , 2000.
Commission expires
Notary Public
IAL SEAL
ROSEMAY YATES
NOTARY PUBLIC. STATE OF ILLINOIS
MY COMMISSION EXPIRES 8-12-2004
M1
November 13, 2000
HINSDALE BAND
8 TRUST COMPANY
IRREVOCABLE LETTER OF CREDIT
Issue Date: November 13, 2000
Credit No.: 1123
Applicant: MCD Properties, Ltd., 15 Salt Creek Lane Suite 312, Hinsdale, IL. 60521
Beneficiary; Village of Lemont, 418 Main Street, Lemont, II. 60439
Amount: $25,756.31
Expiration: December 31, 2001
Gentlemen:
We hereby establish our Irrevocable Letter of Credit in your favor for the account of the
MCD Properties, Ltd., 15 Salt Creek Lane Suite 312, Hinsdale, Il. 60521, in the
aggregate amount of 525,750.31 available by your draft drawn on site and marked
"Drawn Under the Hinsdale Bank & Trust Co., Hinsdale, Illinois, Letter of Credit
Number 1123 ", dated and accompanied by the following document:
A signed statement by the Administrator or Engineer of the Village of Lemont
Certifying that "The Village of Lemont is entitled to draw on this Letter of Credit
pursuant to the Indemnity Agreement dated November 9, 2000 (Exhibit "1 ")
between the Village of Lemont and MCD Properties Ltd. We have provided
MCD Properties Ltd. notice pursuant to the Indemnity Agreement of their
intention of draw on this Letter of Credit ".
If no resolution or an Order from the Circuit Court of Cook County by June 1, 2001,
pursuant to the Indemnity Agreement (Exhibit "1"), the Village is hereby granted
authority to draw on this Irrevocable Letter of Credit for the purpose as set forth in
attached Exhibit "I", in accordance with the provision herein and above set forth. This
Irrevocable Letter of Credit shall not operate, as a limitation on the obligation of the
MCD Properties, LTD under the Indemnity Agreement (Exhibit "1 ").
The principle amount of this Irrevocable Letter of Credit shall not be reduced unless such
reduction is approved by the Village Board. The Village may submit its sight drafts as
herein and above provided without the consent of the MCD Properties LTD or any other
O 30Vd
7 .Co m rd__ • Naispd Oa*
25 East First Street, Hinsdale, Illinois 60627 • 630 - 323 4404
Member FDIC
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party. If within ten (10) days of the date such draft is presented in conformance with the
terms of this Irrevocable Letter of Credit, we fail to honor same, we agree to pay all
attorneys' fees, court costs, and other expenses incurred by the Village enforcing the
terms hereof.
We hereby agree that this Irrevocable Letter of Credit shall expire on December 31, 2001
as stated hereinabove; provided, however that we shall notify the Village Administrator
and Village Engineer by Certified Mail, return receipt requested, at least sixty (60) days
prior to said expiration date that said Letter of Credit is about to expire. It is a condition
of this Letter of Credit that is shall be automatically extended for additional periods
pursuant to the Indemnity Agreement unless we have advised you in writing by registered
mail, return receipt . requested, or hand delivery, that we elect not to so extend. In that
event, you may draw herunder on or prior to the then relevant expiration date, up to the
full amount then available hereunder against your sight draft(s) on us, bearing the number
of this Letter of Credit. In no event shall this Irrevocable Letter of Credit or the
obligations contained herein expire except upon prior written notice, it being expressly
agreed that the above expiration date shall be extended as shall be required to comply
with this notice provision.
Subscribed and sworn to before me this 13th day of November, 2000
OFFICIAL SEAL
CORA MAE CORLEY
NOTARY PUBLIC, STATE OF BUNCO.
MY COMMISSION EXPIRES:064 4I0.1
This Irrevocable Letter of Credit is subject to the "Uniform Customs and Practice for
Documentary Credit, the International Chamber of Commerce Publication #400 (Latest
Revision),: except as herein and above modified.
Sd1f1OO QNV ITU31VNOQ 8££T0Z60£9 LZ :LT 000Z/ET/TT
11/03/2000 18:20 6309201338
DONATELLI AND COIJLESS r� PAGE 01
98792373
719 35 001 Page a of 10
1.- 48 -D9 -04 09 :21 39
;04i{ Cata:r,:, Ric3<de' 3940
ORDINANCE NO..0 - 4,
ORDINANCE APPROVING A RECAPTURE AGREEMENT
(Oaktree and Steeples Extension on Archer Avenue in Lemont, Illinois)
WHEREAS, the President and Board of Trustees have deemed it in the community's best
interest to enter into a Recapture Agreement , attached hereto as Exhibit "A" and made a part hereof,
and
WHEREAS, the Agreement would assure that Rartquist Horne Builders and McArcher
Devvlopmett would recover 5163,353. 74 plus interest for the Oak Tree/Steeples Extension of water
& weer mains in the vicinity of McCarthy Road and Archer Avenue.
NOW, THEREFORE, BE TT ORDAINED by the President and Board of Trustees of the
Village of Lemont, counties of Cook, Will and DuPage, Illinois, that the Village Board of Trust
authorizes the President and Clerk to execute the arrached Agreement.
EXHIBIT " / "
•
11/03/2000 10:28 6309201338
DONATELLI AND COULEE PAGE 02
c
98792373 pvie 2 or to
PASSED AND APPROVED BY THE FRISThE T AND BOARD OF 'TRUSTEES OF
THE VILLAGE OF LEMON'T, COUNTY OF COOK ILLINOIS, on this . _27th , day of Ii
1998.
Barbara Buschman
Keith Lau
Connie Markiewicz
Rick Rimbo
Ralph Schobert
Mary Studebaker
AtteS?.'
AYES VAYS PASSED ABS
V
Approved by me this 27th day of .► 1998.
j111 ha
CH. 'is ASN''ESKI, Village President
CHARLENE SMOLLEN, Ycitage Clerk
Prepared by:
Planning Department
Village of Lemont
413 N tai n Street
Lecncnc, fl 60439
EXHIBIT " 1 "
11/03/2000 19 :20 6309201335
ORDNANCE NO. O- - Q
DairilliEZATEIXELES
REt`i9TYRF pC- BEZVEM
DONATELLI AND COULEE PAGE 03
98792373 Pn re tC
WHEREAS. RANQUIST
HOME BUILDERS, INC. . (herein-
after referred to as "RANQUIST "), developed a certain single fancily subdivision along Archer
Avenue, known as "OAK TREE % located in the VILLAGE OF LEMON`, and MCARCHER
DEVELOPMENT. its successors and/or assigns, (hereinafter referred to as .MCARCHER"),
developed a certain townhouse development along Archer Avenue, known as THE STEEPLES %
located in the VILLAGE OF LEMO "T. (hereinafter referred to as the 'VILLAGE): and
WHEREAS. R .NQUIST and MCARCHER have extended a sanitary sewer line that was
requested by the VILLAGE CO provide a municipal sanitary sewer to serve additional property
that was not owned by RANQGIST and MCARCHER; and
WHEREAS, the VILLAGE determined. upon advice and recommendations of its Village
Engineers. (hereinafter sometimes referred to as 'VILLAGE ENGLNEERS") that it is in the beat
interest of the community that any sanitary sewer mains and lift station be designed. constructed
and routed in such manner as to be capable of serving a larger area of land. which presently lies
within and outside the VILLAGE limits: and
WHEREAS, RANQUIST and 4ICARC R has constructed such a sanitary sewer system
including a tin station. (hereinafter sometimes referred to as the "OAK TREE;STEEPLES
EXTENSION') upon the understanding th L the VILLAGE would Provide by appropriate
FXHIEIT
ea
•
11/03/2000 18:28 6309201338 DOOHATELLI AND COULES PAGE 04
• . r - l t • l t ti.t ¢3y# 4 of La
ordinance and related proceduras for RANQUIST and MCARCHER to recapture an equitable
portion of the cost thereof from other lands to benefit therefrom; and
WHEREAS, the OAK TREE/STEEPLES EXTENSION has been rally completed by
RANQUIST and MCARCHER at its own expense.
WHEREAS. RANQUIST and MCARCHER have submitted Bills of Sale for the water
and sewer utilities in exchange for the Village's Recapture Ordinance herein.
NOW, THEREFORE, BE IT AND IT IS HE.R,EBY ORDAINED by the President and
Board of Trustees of the Village of Lemont. Counties of Cook. Will and DuPage. Illinois, that:
Section 1, The OAK TREE/STEEPLES EXTENSION plans, specifications and cent
estimates are hereby approved,
Section 2. The entire cost of construction of the OAK TREE /STEEPLES EXTENSION
(including. without limitation. all legal and engineering fees and expenses). has been determined
by the VILLAGE.
Section 3. In order to effect a fair and equitable allocation of the entire cost of the OAK
TREE/STEEPLES EXTENSION between RANQUIST and MCARCHER and others who might
b+e bereatted in the future. it is hereby determined that the total recapture cost entitled to
recovery shall be FOUR HL' Z+'DRED EIGHTY FIVE THOUSAND DOLLARS AND 00/100
DOLL..4AS (5485,003.00) plus interest as described herein allocated among person or persons
from time to time owning property within the sewer benefit area identified on the shaded areas
on the map attached hereto and made a part hereof and identified as Exhibit "A', based upon the
following allocation:
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11/03/2000 18:20 6309201330
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DONATELLI AND COULES PAcE 06
Sum IS 1998 as up?, a
P, aes
Ft•LIft NU, • we ze, a958
• Wei;
•
Ths VUlqc tam: shall pay outs to ktANCitILST and MCARCITER jointly ali
TeCap ore tea ores upon receipt thereof until RANQUIST and MCARCIVIR have recoiered
datialsittpaS
s Of OM Frunam SIXTY THEW TiOUSA:CO TWO ,NUNDstino rtFrt
Et07,1"Y ANI) 74/ WO DOLLARS (SI63,255.74)ppileake Intete$ t doseased ilefeti3 gelf"
. Win r lierAxgre Tem All :OVA= fees shall be milijSCt CO ilICUC41. at a rate Of IS per annum
for a Maw= of 15 yein. Interest &hall worse oo the 1 day ur Serraary, 1907.4n4 shall OUP
to 64
cte u dam of moon, or for a peclod'of 15 years whichever is leas.
3t!� 5. "lb* prove.; officers Of the VILLAOZ stafl mike fl romotsable efforts 10 =Ake
*maid ootiet dons of the Sewer Rocepture Fee, bur shall: not be obligued to Irrtaz y sual
tocafonetheeoliecticatof satoo, nor anal the VILLAGE et any of tt.i ealeisle be Noble n any
fllZ ttla for failge TO 1264 such celleedces,
Sian 6. Nochins herein shen limit or in may .way afftOt the rights 'of the VILLAGS
gol,ee; other fee4 sad eha rgos pursuant to VILLAGE,oteIngtees, reSoluitd03, tneelotts er
Ilk:Wing, but nix ling*. to. $ewer comeation estri6, as tht ucppumc fess. Provided for betel=
sr: addiden to such oat; vtu..A.cm fees awl siarses.
344d011 7. RANQUI3T and MCARCICEM. bave apprcrnd this Oztrusaneo as being in
n‘glatity with the undertateg between itself and the VILLAGE retaxing, to lb, eer="41Cded of
Si id sewer system and Messes the vr.T.Acte of any tigla relzabuiscluent ootbectiost .
tt ereto.
' Sootier L I Ortftnance =stir.= a centime; becwocaRANQUIET, .INCARCHEIk god
YILLACS =4 may nol be aZttrlded by mat partt,es frt.= t.me to Li= wittout thc =sag
■
•
11/03/2000 18:28 6309201338
DONATELLI AND COIJLES PAGE 07
98792373
r
Purge ? of IQ
of any other per= owning land in the area to be served or paying connection fees after the date
of the enactment hereof.
Section 9. If any provisions of dus' Ordknance. or the application of such provision to any
person or circumstaeces shall be held invalid. the remainder of this Ordinance or the application
of such provision to persons or circunsstances, other than those as to which is held invalid, shall
not be affected.
Section 10. That the foregoing provisions of this Ordinance shall terminate fifteen yenta
from the date of adoption or upon payment of said cbargee contemplated by this Ordinance. In
the event this Ordinance is challenged and Owner requests the Village to defend against said
challenge. Owner agrees to defend said action on behalf of the Village and pay all costs, expenses
and attorneys' fees incurred by the Village. If any section. paragraph. sentence or clause of this
Ordinance is held invalid, the remainder of this Ordinance shall continue in full force and effect.
Section 11. This Ordinance shall be in full force and effect from and after its passage.
approval and publication in pamphlet form. A copy of this Ordinance will be recorded in the
Cook County Recorder's Office.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF LEMONT. COUNTIES OF COOK. WILL AND DUPAGE. ILLINOIS. on
this a7day of 14. . 1998.
Barbara Buschman
Keith Latz
Connie Nfarkiewicz
Rick Rimbo
Ralph Schober.
Mary Studebaker
Sala tA5ED ABSENT
•
11/03/2000 18'29 6309201338
•
Approved by me this .4/44 day of
DONATELLI AND COULES PAGE 09
r99792373' a of la
• S OLLEN, iL age Clerk
ACCEPTED BY:
RANQUIST HOME BUMMERS. LNC.
9: viLLAGE' OAKTREE. STE
MCARCHER DEVELOPMENT
11/03/2000 18:28 6309201338
to
•
0
Approved by me thi
day of
UGHATELLI AND COULES PAGE 09
r 98792373 P,q, 4 to
ACCEPTED BY:
RANQUTST Hvr ER INC.
MCARCHER DEVELOPMENT
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ORDER OF
DATE
1295
70- 2540/719
$ �?S 356 34i/0,
DOLLARS
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HINSDALE BANK
& T R U S T C O M P A N Y
25 EAST FIRST STREET
HINSDALE, ILLINOIS 60521
630 / 323-4404
FOR Le� -s,' izs���'�
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M C D PROPERTIES LTD.
DATE _J v 2 i ' /
PAY
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HINSDALE BANK
6 T R U S T C O M P A N Y
25 EAST FIRST STREET
HINSOALE, ILLINOIS 60521
630 / 323 -4404 J
FOR 1Lvss,'.)+ -z C
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