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R-09-99 Authorizing Release of Letter of Credit for Timberline Units II & III Subdivision, Phases 1-3r VILLAGE OF LEMONT RESOLUTION NOX ,416-1 DATE: c.71 - ,22 -5, A RESOLUTION APPROVING ACCEPTANCE OF PUBLIC IMPROVEMENTS OF TIMBERLINE II & III SUBDIVISION, PHASES 1 -3 WHEREAS, the Village of Lemont has adopted Ordinance 456, the Subdivision Regulations of the Municipal Code, to provide for the orderly growth of the Village and those territories within one and one half miles of the corporate limits; and WHEREAS, in accordance with Section X of the Subdivision Control Ordinance, the Village Board of Trustees shall consider requests to accept public improvements upon completion of same; and WHEREAS, Financial Properties, Inc., as the developer of property known as Timberline II & III Subdivision, Phases 1 -3 has submitted a bill of sale and has petitioned the Village for acceptance of the public improvements in said subdivision; and WHEREAS, Village Staff and Village Engineer have reviewed Timberline II & III Subdivision, Phases 1 -3 improvements for compliance with approved plans and the Lemont Subdivision Control Ordinance and recommended approval of the request; and WHEREAS, the Village will release all securities held to guarantee the public improvements since they have been found to be satisfactory excepting a 5% maintenance bond. NOW, THEREFORE, BE IT RESOLVED, that the Village of Lemont President and Board of Trustees hereby accept Timberline II & III Subdivision, Phases 1 -3 in accordance with the terms of the Lemont Subdivision Control Ordinance. • PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE AGE OF LEMONT, COUNTIES OF COOK, DuPAGE AND WILL, ILLINOIS, on this 1 d ay of vlao.d..L.6o1 1999. Barbara Buschman Keith Latz Connie Markiewicz Rick Rimbo Ralph Schobert Mary Studebaker AYES NAYS PASSED ABSENT v ENE SMOLLEN, Village Clerk Approved by me thisaday of 1999. ■ :1PIND :� ASNE'" , Village President Attest: ENE SMOLLEN, Village Clerk Prepared by: Planning Department Village of Lemont 418 Mian Street Lemont, I160439 doc. id. timberl. acc