Loading...
O-987-96 06/10/969D30'723 RFCORDING 11555 TRAM 749? 10/02/97 frz.4F00 14011 :• VF" *-97-7307"23 E • i %;. UW W: i1:t'}ER VILLAGE OF LEMONT ORDINANCE NO. g12-47 AN ORDINANCE AUTHORIZING THE EXECUTION OF AN ANNEXATION AGREEMENT FOR A 78 ACRE PARCEL GENERALLY LOCATED AT THE NORTHWEST CORNER OF SMITH ROAD AND 127TH STREET, IN LEMONT, ILLINOIS (Aero Heights) ADOPTED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LEMONT This /0 day of 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 /0 day of , 1996. , 1996. � ORDINANCE NO. 907 AN ORDINANCE AUTHORIZING THE EXECUTION OF AN ANNEXATION AGREEMENT FOR A 78 ACRE PARCEL GENERALLY LOCATED AT THE NORTHWEST CORNER OF SMITH ROAD AND 127TH STREET, IN LEMONT, ILLINOIS (Aero Heights) WHEREAS, the legal owners of record of the territory which is the subject of an Annexation Agreement are ready, willing and able to enter into said agreement and perform the obligations as required therein and; WHEREAS, a copy of said Annexation Agreement has been attached hereto and included herein; and WHEREAS, the statutory procedures provided for in the Illinois Municipal Code for the execution of said agreement have been fully complied with. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, DuPAGE, AND WILL, STATE OF ILLINOIS, AS FOLLOWS: SECTION 1: That the President directed, and the Village Clerk is known as "AER LANDINGS OF LEMONT /day of , 1996, (a and made a pa t hereof). be and is hereby authorized and directed to attest to a document ANNEXATION AGREEMENT" dated the copy of which is attached hereto SECTION 2: That this ordinance shall be in full force and effect from and after its passage, approval, and publication in pamphlet form as provided by law. PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF LEMONT, COU IES OF COOK, DuPAGE, AND WILL, ILLINOIS, on this 76 day of (- 4�-2� , 1996. Barbara Buschman Alice Chin Keith Latz Connie Markiewicz Rick Rimbo Ralph Schobert AYES NAYS PASSED ABSENT v V ARLENE SMOLLEN, III ,kiiik11*-A._ RD A. 17 ` Village President Approved by me this / day ,1996. Attest: e %G�� �� CHARLENE SMOLLEN, Village Clerk Mail to: Village Clerk Village of Lemont 418 Main Street Lemont, IL 60439 22 -30- 300 - 001;002;003 22 -30- 302 - 002;004; ANNEXATION AGREEMENT THIS AGREEMENT, made and entered into this 10th day of June, 1996, by and between the VILLAGE OF LEMONT, a Municipal corporation of the State of Illinois (hereinafter referred to as "VILLAGE ") , and AERO LANDINGS OF LEMONT, and BANK OF CHICAGO /GARFIELD RIDGE n /k /a BANK OF CHICAGO, not personally, but as Trustee under Trust Agreement dated February 27, 1992, and known as Trust No. 92 -2 -5 (hereinafter collectively referred to as "OWNERS "). The VILLAGE and OWNERS are herein collectively referred to as "the parties ". W I T N E S S E T H: WHEREAS, VILLAGE is a Municipal Corporation of the State of Illinois and has in full force and effect various Ordinances and Amendments thereto relating to the development of real estate including, but not limited to, a Zoning Ordinance, Subdivision Ordinance and Building Code; and WHEREAS, OWNERS constitute all of the persons and corporations having an interest in the real estate hereinafter described and the development thereof; and WHEREAS, the real estate consists of approximately 78 acres located North of 127th Street and East of Smith Road, in unincorporated Lemont Township, Cook County, Illinois; and 1 Cz1.oC��6 t:Ef,a! WHEREAS, said real estate hereinafter described is not now within the corporate limits of the VILLAGE or any municipality, and may be annexed to the VILLAGE in conformance with Article 7 of the Illinois Municipal Code; and WHEREAS, the parties hereto wish to enter into a binding agreement with respect to the annexation of the real estate to the VILLAGE, subject to certain conditions as provided herein, and pursuant to the provisions of 65 ILCS 5/11- 15.1 -1 et seq. of the Illinois Complied Statutes; and WHEREAS, the Corporate Authorities of VILLAGE, after due and careful consideration, have concluded that the annexation of said real estate, to the VILLAGE on the terms and conditions hereinafter set forth would further the growth of the VILLAGE, enable the VILLAGE to control the development of said real estate, and enhance and promote the best interests of the VILLAGE; and WHEREAS, OWNER and VILLAGE agree that they will be bound by the terms of this Annexation Agreement whether or not the TERRITORY becomes contiguous to the VILLAGE so that the TERRITORY will be allowed to make water and sewer connections to the VILLAGE before Annexation provided that OWNER agrees to annex the TERRITORY upon becoming contiguous to the VILLAGE; and WHEREAS, pursuant to the provisions of 65 ILCS 5/11- 15.1 -1 et seq. of the Illinois Compiled Statutes, the Corporate Authorities of the VILLAGE have held a public hearing on this Annexation Agreement in the manner required by law and all other public hearings including 2 Plan Commission and other actions by the Corporate Authorities of the VILLAGE required to be held and taken prior to the adoption of this agreement in order to make the same effective have been held and taken, including all hearings required in connection with the zoning provisions of this agreement, all requisite hearings having been held pursuant to notice as required by law and in accordance with all requirements of law, prior to the execution of this agreement. NOW, THEREFORE, for and in consideration of the mutual promises tD and covenants of the parties hereto, it is agreed by and between the .1 W said parties as follows: 1. That the Preambles shall be incorporated in and constitute W a part of this Agreement. 2. That this Agreement is made pursuant to and in accordance with the provisions of 65 ILCS 5/11- 15.1 -1 et. seq. of the Illinois Compiled Statutes. 3. This Agreement shall be applicable to and relate to the following described real estate, to wit: PARCEL 1: The North West 1/4 of the South West 1/4 of Section 30, Township 37 North, Range 11 East of the Third Principal Meridian, in Cook County, Illinois PARCEL 2: The East 16.50 feet of the South 1/2 of the West 1/2 of the South West fractional quarter of Section 30, Township 37 North, Range 11 East of the Third Principal Meridian, in Cook County, Illinois PARCEL 3: The South 1/2 of the West 1/2 (except the East 16.50 feet and also except the West 375 feet of the East 391.50 feet of the South 260 feet thereof and except the West 8 acres thereof) of the South West fractional quarter of Section 30, Township 37 North, Range 11 East of the Third Principal Meridian PARCEL 4: The West 8 acres of the South 1/2 of the West 1/2 of the South West fractional quarter of Section 30, Township 38 North, Range 11 East of the Third Principal Meridian PARCEL 5: The South 177.93 feet of that part of the West 1/2 of the North West fractional quarter of Section 30, Township 37 North, Range 11 East of the Third Principal Meridian, lying South of the Chicago and Alton Railroad Company right of way in Cook County, Illinois P.I.N. 22 -30- 101 -032 22 -30- 302 -002 22 -30- 300 -002 22 -30- 300 -001 22 -30- 101 -033 22 -30- 302 -004 4. OWNERS, subsequent to execution of this Agreement, agree to reasonably file with the VILLAGE Clerk of the VILLAGE or with the Clerk of the Circuit Court of Cook County, Illinois, a certain Petition or Petitions in conformance with 65 ILCS 5, Article 7, of the Illinois Compiled Statutes, requesting annexation of the above - described real estate to VILLAGE. 5. VILLAGE agrees to pass upon filing of such Petition or entry of such Court orders as may be prerequisite, such Ordinance or Ordinances in compliance with 65 ILCS 5, Article 7, of the Illinois Compiled Statutes, as are or may be necessary to annex said real estate and incorporate same within the limits of VILLAGE, said Ordinance or Ordinances to be passed as soon as possible after the Petition is filed or order entered. 6. The parties hereto acknowledge that the real estate may be annexed through the manner set forth in 65 ILCS 5/7 -1 -2 of the Municipal Code. In the event the OWNERS have made a good faith effort 4 to voluntarily annex the real estate and those voluntary efforts have been unsuccessful, the OWNERS will file a Petition pursuant to 65 ILCS 5/7 -1 -2, the VILLAGE agrees to promptly intervene in said case and fully cooperate in annexing the real estate. 7. VILLAGE agrees to pass within a reasonable time after passage of the Ordinance annexing the real estate an Ordinance or Ordinances pursuant to the Zoning Ordinance of the Village, to amend said Zoning Ordinance and to (i) classify the 18 acres lying generally south of the center of the pipeline easement in the B -3 Commercial District and to classify the remaining (northern) portion of the real estate in the R -4 Residential District, including the existing landing strip, subject to the following provisions and understandings: A. The Zoning Districts shall be located as depicted on the map entitled "Proposed Zoning Plan ", dated January 24, 1995, revised to February 6, 1995, prepared by Planning Design Consultants; B. VILLAGE acknowledges that a Residential Planned Unit Development with an overall density not exceeding 2.98 units per acre and which includes townhome units as an exceptional use as part said Development on the said R -4 Residential District zoned real estate will, upon application and hearing for such purposes, be approved by the VILLAGE; 5 C. D. That the residential development of the northern approximate 59.4 acres of real estate will include only single family and townhome type units; and Attached for illustrative purposes is a drawing entitled "Illustrative Concept Plan ", dated January 24, 1995, revised to February 6, 1995, prepared by Planning Design Consultants which drawing depicts 2.98 units per gross acre, and OWNERS may apply for approval pursuant to Paragraph 7(B). 8. In addition to the above Zoning Districts and conditions of said plan the VILLAGE development residential VILLAGE ordi 9. 1 shall, to the extent reasonably possible, authorize the of Aero Heights in one or more phases in both the and in the commercial district, subject to the applicable nances. At the time of development (when the Special Use Planned Unit Development Permit is issued for the residential district and the construction of public improvements is commenced), OWNERS agree to construct or cause to be constructed and installed at their own expense, certain public and private improvements in accordance with plans and specifications prepared by a professional engineer and reasonably approved by the VILLAGE. The improvements, public and private, shall include streets, pavements, curbs, gutters, water mains, valves, fire hydrants, storm and sanitary sewers, street lights, sidewalks, stormwater control 6 facilities, and street signs all of which are located within the development. Any dedicated roads in the commercially zoned area of the real estate will be public improvements and water mains, valves for mains, fire hydrants, sanitary sewer mains and roads located within the 78 acre site. Any other improvement for the 78 acres of real estate is a private improvement, including the roads in the residentially developed portion of the real estate and any detention ponds to the extent the VILLAGE does not request conveyance of said ponds to the VILLAGE. Security to guarantee completion of public improvements within the real estate may be either in the form of a letter of credit in conformance with VILLAGE ordinance or a performance bond issued by a company with its principal offices in the United States and which is financially sound subject to reasonable approval by the VILLAGE. The amount of the security shall be in accordance with ordinance, but not more than 115% of the cost of the engineer's estimate and will be reduced from time to time to an amount of equal to 115% of the cost of the uncompleted improvements plus 10% of the cost of any completed improvements. Regarding use of a performance bond in lieu of the letter of credit, VILLAGE agrees to reasonably accept same provided OWNERS submit evidence to the VILLAGE that the surety company is financially sound and that the surety has a record of reasonably fulfilling bond 7 requirements which it guarantees, including causing the reasonable completion of work in cases of default. 10. In the event the VILLAGE identifies a buyer for the entire 78 parcel of real estate which is proposing to develop the entire site in conformance with the VILLAGE regulations relating to office, commercial and industrial development and the buyer is offering terms and price which are reasonably acceptable by the OWNERS, the OWNERS will sell the entire parcel to the said buyer. 11. The parties acknowledge that OWNERS, in cooperation with ) the owners of the "Rolling Meadows of Lemont" project, are, at VILLAGE request, extending oversized water and sanitary sewer main lines fromc the existing locations at 127th and Timberline Drive (water) and New 1.3 W Avenue and Timberline Drive (sewer), respectively, along routing requested and approved by the VILLAGE and at the VILLAGE's request. The OWNERS are initially contributing $150,000.00 toward the cost of the construction of said line extensions. For any amount the cost of the main construction exceeds $1.2 million, the OWNERS shall pay one - half (1/2) of said excess. The security to guarantee construction of the off site line extension shall be in the form of either a letter of credit or a performance bond. The amount of the security shall be based upon 100% of the cost of uncompleted improvements plus 10% of the cost of any completed improvements. A performance bond issued by a financially sound surety company with its principal office located within the United States is acceptable provided there is reasonable evidence that the surety has a record of acting promptly on and curing 8 any defaults of projects for which performance bonds have been issued. The construction of said water and sanitary sewer main lines shall commence not later than six (6) months from the date of this Agreement. Further, the construction of the water and sanitary sewer line improvements shall be subject to the following agreements: A. The Parties acknowledge that OWNERS and JURINEK & RISKUS, INC. (Developers of Rolling Meadows to be located south of 127th Street) shall extend oversized water and sanitary sewer facilities from the existing locations at 127th and Timberline Drive (water) and New Avenue and Timberline Drive (sewer), respectively, along routing approved by the m IJ VILLAGE and shown generally on Exhibit 14 attached hereto and incorporated herein by reference. The construction of the water and sanitary sewer line improvements shall be subject to the following agreements: (i) As the OWNERS and JURINEK & RISKUS, INC., are jointly constructing the off -site improvements, the agreement of the VILLAGE with OWNERS and JURINEK & RISKUS, INC., for off -site improvements shall be the same except as provided herein. (ii) The Parties agree to use their best efforts in obtaining the easements for the construction and maintenance of the said water and sewer mains located off the real estate (78 acre parcel). If necessary the VILLAGE agrees to exercise its power 9 of eminent domain to obtain any easements and rights of possession required by the OWNERS for the installation of the public utilities which include water and sanitary sewer mains to service the real estate from the existing VILLAGE facilities. The VILLAGE further agrees to expeditiously exercise such power of eminent domain which may be required or requested by OWNERS to obtain rights or right of possession for sanitary sewer and water mains and the location of the sleeve for the 7'etAre,. inch (a ") water main on the northern end of the Smith property as shown on Exhibit A . The OWNERS further agree to reimburse the VILLAGE for fifty percent (50 %) of its reasonable attorneys' fees and acquisition costs in connection with the exercise of the VILLAGE's power of eminent domain to acquire any such easements or rights of possession with JURINEK & RISKUS, INC. responsible for reimbursement of the other fifty percent (50 %). (iii) The VILLAGE agrees to the OWNERS' recapture of its costs of construction and related easement acquisition engineering, bonding and legal costs of said water and sanitary sewer main lines and any and all costs of easement acquisition for said lines. As part of the VILLAGE's agreement, the 10 CZ OC1. 2.6 VILLAGE agrees to adopt a recapture ordinance in the form of Exhibit 13 which is attached hereto and is incorporated herein by reference and to record with the Cook County Recorder of Deeds all documents necessary to identify the property subject to the recapture. The recapture property affected and benefited by the new sanitary sewer main line as shown on Exhibit ,eC which is attached hereto and is incorporated herein by reference and by the water main line as shown in Exhibit G C. which is attached hereto and incorporated herein by reference. In addition to the costs of construction, the recapture amounts shall include the following: a. For purposes of recapture for the water main, the VILLAGE and OWNERS agree that the amounts to be determined pursuant to the "Utility and Annexation Participation Agreement" and which are specifically identified as "Certified Costs and Expenses" are the required expenditures to construct the said line to serve the real estate. In addition, the cost allocated to the sleeve under the I -355 right -of -way and the cost of acquisition through eminent domain shall be subject to 11 recapture together with an interest rate of prime plus two with the interest accruing not more than ten (10) years; b. For purposes of recapture for the sanitary sewer main, the VILLAGE and OWNERS agree that the amounts to be determined pursuant to the "Utility Agreement" identified are the and Annexation Participation and which are specifically as "Certified Costs and Expenses" the required expenditures to construct said sewer line to service the real estate. The cost shall also include the cost of eminent domain. The principal cost amount together with an interest rate of prime plus two with the interest accruing not more than ten (10) years shall be the amount which may be recaptured by the OWNERS; and c. The recapture amount for each connection for each utility shall be the percentage of the parcel, which may be served by the direct connection in relation to all the property included in the specific map. For example, includes one if the water recapture area hundred (100) acres, and a connection line may serve fifty (50) acres, the person 12 connecting shall be responsible for fifty percent (50 %) of the principal recapture amount, plus interest at the time for that area benefited by the connection. The VILLAGE agrees to collect the appropriate recapture amount when a parcel is subdivided, or when the VILLAGE land /cash ordinance charges for school, park and library purposes are required to be paid on a parcel at the time of development, whichever occurs first. d. The VILLAGE may collect up to a two percent (2 %) administrative charge in addition to the recapture amount to pay for its administrative overhead in servicing this Agreement. (iv) The VILLAGE agrees not to favor one recapture agreement area over another when recommending utility hookups in the area which will be served by the water main and sanitary sewer main constructed by the OWNERS and JURINEK & RISKUS, INC. The VILLAGE agrees that it shall not permit OWNERS of occupants of those certain parcels of real estate in the areas shaded on the area maps attached a 4 hereto as Exhibit C for sanitary sewers, and Exhibit L- for water or any person or party 13 the sanitary sewerage collection system and will make adequate provision that this will not occur, and will further comply with any other conditions and restrictions in the construction permit issued to OWNERS and VILLAGE by the Metropolitan Water Reclamation District of Greater Chicago. VILLAGE agrees to permit connection of the public improvements to be constructed on the real estate to the water and sanitary sewer facilities of the municipality. 12. For the purpose of securing approval from the VILLAGE of the final development plan(s) and the recording of all of the final development plans, OWNERS agree to furnish security for the construction of the public improvements in the form and amount set forth in Paragraph 9 which security amount the VILLAGE shall reduce from time to time as improvements are constructed. Construction of public improvements which shall be in accordance with the subdivision regulations in effect on May 31, 1996, on -site and off -site, may commence at different times with the approval of the VILLAGE Board or VILLAGE Administrator. The final development plan shall contain such restrictive covenants, drainage covenants and easement provisions as are or were required by the President and Board of Trustees as a condition to approval of the final development plans which may be approved in two or more phases. Further, the VILLAGE agrees to expeditiously approve a Final Plat of Subdivision for each phase of the final development plan, and 16 as a prepayment of the applicable water and sewer connection fees; B. Three payments of $50,000.00 each, the first payment to commence six (6) months after the aforesaid initial payment of $50,000.00, the second payment due twelve (12) months after the initial payment and the third payment due eighteen (18) months after the initial payment; and C. All of the aforesaid payments being treated as prepayment of water and sewer connection charges and fees for permits on the real estate. The Purchaser shall receive a dollar for dollar credit for water and sewer connection charges in a an amount not to exceed the amount paid or $200,000.00, whichever is less at the time of permit application. Further, the VILLAGE shall not look to the OWNERS for any portion of the $200,000.00. 11. It is understood that permission for the construction of those public improvements which require approval from the Metropolitan Water Reclamation District of Greater Chicago, the County of Cook, or any other governmental agency, must be obtained. The parties hereto agree to cooperate in obtaining, expediting and submitting such necessary documents as may be required for the approval thereof from the Metropolitan Water Reclamation District of Greater Chicago, the County of Cook, or any other governmental agency. OWNERS agree to construct any improvements required by aforesaid permit. OWNERS understand and agree that no surface water is to be discharged into 15 claiming interest in such applicant's parcel or any portion of such applicants parcel to tap in or connect to the water or sanitary sewer systems as shown in the preliminary engineering plans until payment has been made to the VILLAGE from such occupants or persons or parties in interest in any such applicant's parcel of a recaptured charge. The aforesaid recapture charge for any given applicant's parcel shall be based upon the calculations set forth in the Recapture Ordinances #982 which is based upon the OWNERS' cost of constructing said water and sanitary sewer systems and all appurtenances thereto. In addition to the OWNERS' contribution of $1500000.00 toward the cost of the construction of the off -site lines, the OWNZR'S Purchaser /Developer which obtains developmental approval for the 78 acne parcel of real estate ( "real estate ") herein shall be Solely responsible to pay the vILLAGE $200,000.00 toward the construction cost of the off -site utility lines as follows: A. $50,000.00 upon approval of a final plat of subdivision for any portion of the real estate, which shall be treated 14 the Final Plat(s) shall be substantially in accordance with each respective final development plan. 13. OWNERS agree to maintain and keep in repair the public improvements that are constructed until such time as acceptance thereof has been made by VILLAGE. If required, OWNERS agree to convey by appropriate document at no expense to the VILLAGE the public improvements required by it to be constructed pursuant to the terms hereof. 14. OWNERS agree to pay the VILLAGE's water and sewer connection charges in the amounts set forth in VILLAGE Ordinance for the connections which will be included in each Final Subdivision Plat phase being approved. Said amount shall be paid on a per unit basis with the issuance of each building permit. 15. The OWNERS agree to pay the park contribution fee required by Ordinance, and the amount of the contribution will be based upon the number of units included the Final Subdivision Plat phase being approved and shall be due at the time of Final Plat Approval or phase thereof. 16. The OWNERS agree to pay the applicable contribution for schools in accordance with VILLAGE Ordinance in an amount determined by the number of units to be included in the Final Subdivision Plat phase being approved. 17. The OWNERS agree to contribute to the VILLAGE the sum of TWO HUNDRED FIFTY AND 00 /100 DOLLARS ($250.00) per lot, annexation fee, for each lot which is included in the Final Subdivision Plat 17 phase which is being approved. Said sum shall be paid upon the issuance of a building permit for each respective lot until the total amount is paid. 18. The OWNERS agree to pay the required library contribution fee in the amounts required by Ordinance at the time of Final Subdivision or phase thereof is approved. 19. The parties agree that this Agreement shall be binding upon and inure to the benefit of the signatories hereto and their respective successors in interest and shall be binding on all subsequent owners of the real estate herein described. 20. It is the intention of the OWNERS that any storm water detention shall be on the residential site and will be maintained by the Homeowners subject to VILLAGE approval. The OWNERS agree to create covenants and restrictions of record requiring the Homeowners Association and the Umbrella Association to maintain their detention ponds which are built. Maintenance of said ponds will be the sole responsibility of the Homeowners Association and the Umbrella Association, and the VILLAGE shall have an easement of access so that it may inspect the said detention areas. OWNERS agree to maintain or cause to be maintained by the individual owner of said lots the said detention ponds if constructed as shown on the plan described above. However, an access easement shall be provided to VILLAGE for purposes of checking the maintenance of the ponds. 21. The OWNERS agree to pay the VILLAGE for expenses incurred and pay such permit, inspection and review fees as required by 18 Ordinance at the time such fees and expenses are incurred. However, this paragraph is not intended to have a retroactive effect for expenses incurred prior any Ordinance change. 22. The parties agree that the following shall apply to building and occupancy permits once the Residential Planned Unit Development is approved: A. VILLAGE agrees to permit the construction of model units at the time of the final Plat of Subdivision or phase thereof. The models (4 single family residences and townhome building) may be constructed in accordance with VILLAGE Ordinances and may only be used as temporary sales office and marketing offices until public utilities are available for said models. B. VILLAGE agrees to issue a permit within thirty (30) working days after receiving the application for a building permit for the residential area. If the permit application is denied, the VILLAGE will specify within ten (10) days of the thirty (30) day period whether said plans failed to conform to the VILLAGE Ordinance and where the specific non - compliance exists. If the application is amended and approved, the permit therefore will be issued within ten (10) working days thereafter. C. VILLAGE agrees to issue certificates of occupancy within five (5) working days of the request for final inspection or issue a letter of denial within said period advising 19 OWNERS specifically as to what corrections are necessary to procure a certificate of occupancy. It is understood that the certificate of occupancy will be issued within five (5) working days. Temporary certificates of occupancy may be issued in accordance with Paragraph E below. D. VILLAGE will issue no stop work orders directing work stoppage on buildings or other work in the project without setting forth the section of the VILLAGE Ordinances which is allegedly being violated. Further, the OWNERS may forthwith proceed to correct such violations as may be identified and as exist. Other work may continue on any structure or projects within the real estate not subject to the stop work order as long as the action causing the Stop Work Order does not reasonably effect any other portions of the development. In addition, the work may continue on any structure or other area in the development, subject to the Stop Order, after re- inspection by the VILLAGE indicates the violation, which is the basis of the stop work order, has been corrected. Re- inspection shall occur within two (2) days of the OWNERS' request. E. VILLAGE agrees to grant conditional Certificates of Occupancy in accordance with the VILLAGE Building Code 20 when minor exterior work can not be completed due to inclement weather per the Lemont Building Code. 23. VILLAGE expressly agrees not to change or modify its Zoning and Subdivision Ordinances except as provided herein, insofar as they apply to the real estate heretofore described during the period of twenty (20) years from the date hereof, except the VILLAGE reserves the right to adopt Ordinances and Regulations as may apply to all matters of public safety and to change fees so long as such Ordinances and /or Regulations apply to generally all builders prior to this Agreement and to all builders in the VILLAGE hereafter developing. Further, VILLAGE agrees not to change or modify its Building Code with respect to this property to the extent the modification would alter or change the minimum residential density which has been approved by the VILLAGE as set forth in Paragraph 7(A) above. 24. A VILLAGE Ordinance; ex advertising signs for uses o may include a billboard type sufficiently visible from the VILLAGE agrees to c Memo.,:...,, • iv•rv.•w.•... - e r with sed 1 -3 06 13 e property ght elevation to be adway. Further, the er and grant variances from • a-s •• .91•1111.•••a.f.•a111 • 41v s-f" i.w •.: plicable 25. OWNERS agree to provide the VILLAGE "as built" engineering plans and specifications after completion of the public improvements if requested by the VILLAGE. 21 make plans and exit the Tollway to use the services and /or uses located on the property; c. the foregoing shall be based upon the average person's sight ability and reaction ability for determining how much distance is necessary to safely exit the tollway for the use(s) advertised. The foregoing standards are part of this Annexation Agreement because the present regulations do not specifically address the future needs of OWNERS owning and developing property at a tollway intersection. 25. OWNERS agree to provide the VILLAGE "as built" engineering plans and specifications after completion of the public improvements QD if requested by the VILLAGE. .1 26. OWNERS agree to grant appropriate easements to Ca Commonwealth Edison Company, NICOR, Illinois Bell Telephone Company, N C) and the duly authorized cable television company, for the installation of electrical wiring, gas mains and phone service to serve said Subdivision, and to delineate such easements on the final development plan or plats of subdivision. 27. It is agreed that all of the public improvements contemplated herein shall, upon acceptance thereof by the VILLAGE, become the property of VILLAGE and be integrated with the municipal facilities now in existence or hereafter constructed and VILLAGE thereafter agrees to maintain said public improvements. Acceptance of said public improvements shall be by resolution of the President and Board of Trustees only after the VILLAGE Engineer or VILLAGE Engineering Consultant has issued his Certificate of Inspection affirming that the improvements have been constructed in accordance with approved engineering plans and Specifications. OWNERS agree to convey by appropriate instrument and VILLAGE agrees to promptly accept, subject to terms hereof, the public improvements. 28. OWNERS may maintain construction trailers on the real estate in accordance with VILLAGE Ordinance, and OWNERS may maintain a sales trailer until the model units are completed. 29. This Agreement shall be binding upon the VILLAGE and its successors and upon OWNERS and their successors and assigns, and shall be binding on any and all subsequent owners of the real estate herein described for a period of twenty (20) years or as permitted by statute as may be amended from time to time. However, the period shall not be less than twenty (20) years. For purposes of this Agreement, a "successor" or "assignee" to OWNER shall be deemed such only if specifically so designated by the OWNER (or any successor or assignee thereto as defined herein) in a document which either (i) transfers an interest in the TERRITORY or any portion thereof or (ii) specifically assigns the rights and obligations hereunder as to the TERRITORY or any portion thereof to any such transferee. A successor or assignee shall not include any third party buyer of a residential lot for his or her own use as such. 30. Any party or its successor in interest to this Agreement may either in law or in equity, by suit, action mandamus or other proceeding enforce and compel performance of this Agreement. 31. The parties agree that there are no representations, agreements or understandings between the parties hereto with respect 23 to the subject matter of this Agreement which are not included in this instrument. 32. Should any provision or provisions hereof be declared invalid for any reason whatsoever, said declaration of invalidity shall affect only the provision 33. Any and all notices one of three following methods: A. Facsimile transmission VILLAGE: or provisions so declared invalid. required hereunder may be served in OWNERS: WITH COPIES TO: Further to: Village of Lemont Attn: Village Clerk 418 Main Street Lemont, Illinois 60439 Facsimile No.: (708) 257 -5087 Aero Landings of Lemont c/o Andrew F. Maletich, Sr. 9701 Maplecrest Drive Palos Hills, Illinois 60465 Facsimile No.: (708) 972 -0082 Goldstine, Skrodzki, Russian, Nemec and Hoff, Ltd. Attn: Robert D. Goldstine 7660 West 62nd Place Summit, Illinois 60501 Facsimile No.: (708) 458 -0271 AND Alan D. Dineff 7646 West 63rd Street Summit, Illinois 60501 Facsimile No.: (708) 458 -5040 notice by facsimile transmission shall constitute sufficient notice under the Contract. The original documents, together with evidence of the facsimile transmission of same, shall be forwarded via certified mail, return receipt requested, in all instances within two (2) business days of such facsimile notice. 24 B. Receipted hand delivery to the parties at the addresses listed in subparagraph A above. C. Certified mail, return receipt requested, to the parties listed in subparagraph A above. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed this 10th day of June, 1996. ATTE : Vi age Clerk VILLAGE: OWNERS: *representations and undertakings of BANK OF CHICAGO as trustee as aforesaid and not individually are those of its beneficiaries only and no liability is assumed by or should be asserted against BANK OF CHICAGO personally as a result of the signing of this Instrument. ATTEST: gki,a6ot a / c u Sr. Vice President. VILLAGE OF a munici By: NT, ILLINOIS oration V rage President BANK OF CHICAGO /GARFIELD RIDGE n /k /a BANK OF CHICAGO, not personally, but as Trustee under Trust Agreement dated February 27, 1992, and known as Trust No. 92 -2 -5 Bv: II D /9�N e Land TruttOfficer DINGS OF LEMONT By: 24 DREW F. ETCH, SR. DINEFF SCALE 1SXHIBIT A SKETCH PLAN UTILITY EXTENSIONS IST. SAN. SEWER 1 800' EXIST. WATER MAIN AERO LANDINGS ROLLING MEADOWS OFF SITE UTILITIES DOYIM% I,NtflNPIF,1014C, INC. Ittlg.tINt) CIVIL ENCINEE113 IM+O SW1vfl'OR4 1A WUL 7t11EE1. UMONI. Uad. 4011} I'QI ? mo 9.'l -01.1-0L1- - �z�o���� VILLAGE OF LEMONT ORDINANCE NO. '70 RECAPTURE AGREEMENT FOR SEWER AND WATER This Ordinance and Recapture Agreement for Sewer and Water Main construction costs (hereinafter, the "Ordinance and Agreement ") is made by and between the Village of Lemont, Cook, DuPage and Will Counties, State of Illinois, an Illinois municipal corporation (hereinafter, the "Village "), and JURINEK & RISKUS, INC., an Illinois corporation (hereinafter, "J & R "), and AERO HEIGHTS PARTNERSHIP, (hereinafter, "AERO "), J & R and Aero, (jointly hereinafter, "Partnership ") are sometimes referred to herein individually as a "Party" and jointly as the "Parties ". W I T N E S S E T H: WHEREAS, J & R is the beneficial owner of one hundred percent (100 %) of the beneficial interest in Standard Bank and Trust Company Land Trust No. 9567, the land trust which is the record owner of approximately seventy -six (76) acres of real property which is located in unincorporated Lemont Township, Cook County, Illinois; WHEREAS, J & R is requesting annexation of the J & R Property to the Village, and the Village has approved the development of its Property with residential and commercial uses; WHEREAS, AERO is the beneficial owner of one hundred percent (100 %) of the beneficial interest in Bank of Chicago /Garfield Ridge Land Trust No. 92 -2 -5, dated February 22, 1992, the land trust which is the record owner of approximately seventy -eight (78) acres CzLoCZ.L6 of real property which is located in unincorporated Lemont Township, Cook County, Illinois; WHEREAS, AERO is requesting annexation of the AERO PROPERTY to the Village and proposes to develop its property with residential and commercial uses; WHEREAS, the Village is requiring J & R and AERO to construct water mains and sanitary sewers longer and larger than necessary for their respective developments to be built to service their respective properties as a condition of the acceptance of their respective preliminary and final plats, final planned unit development plans and /or building permits for their respective property; WHEREAS, the water and sewer mains will benefit an area well beyond the Property owned by AERO and J & R; WHEREAS, the area which will be benefited is contained on a map attached hereto as Exhibit A; WHEREAS, the benefitted area which is depicted on Exhibit A is comprised of 450 acres located in Cook County and 106 acres located in Will County; and WHEREAS, this Agreement and Ordinance are considered and made pursuant to 65 ILCS 5/9 -5 -1. NOW, THEREFORE, in accordance with 65 ILCS 5/9 -5 -1 of the Illinois Compiled Statutes, and in consideration of the foregoing recitals and of the covenants and conditions hereinafter contained, the adequacy of which the Parties hereby acknowledge, it is hereby ordained by the Village and agreed by the Parties that the Recapture Agreement for Sewer And Water for Aero Heights and Rolling Meadows shall be as follows: 2 CZLOCL�s 1. Recitals. The foregoing recitals are material to this Ordinance and Agreement and are incorporated herein as though fully set forth in this Paragraph 1. 2. Costs. The cost of construction of the Sewer and Water Main (including, without limitation, costs of materials, construction, installation, easements, rights -of -way and all legal and engineering fees and expenses), for purposes of this Agreement has been estimated to be $300,000.00 plus annexation and easement acquisition costs and expenses (hereinafter "expenses ") with the total sum to be based upon actual costs of construction, including any sum over $1,200,000 per the Annexation Agreement, and "expenses" and Village incurred expenses (hereinafter collectively "Costs "). 3. Benefited Area. In order to effect a fair and equitable allocation of the construction costs for the Sewer Main and Water Main among those who will be benefitted by connection to the Sewer Main, it is hereby determined that Partnership shall be entitled to recover the Costs with interest on the unpaid balance thereof at the interest rate of prime plus two percent (2 %) compounded annually from the date of this Ordinance and Agreement from the person or persons from time to time owning all or any part of the land area legally described in Exhibit B hereto and depicted as the Cook County property on Exhibit A hereto (hereinafter, the "Benefited Area "). Exhibit B is incorporated herein by this reference. The recapture charge for the 106 acres of Will County property will be a one time recapture charge of $500,000 due 3 PZGOELI.G Partnership with the first water or sewer connection charge for the VILLAGE system. The one time charge is based upon the fact that required design of the water and sewer lines is intended to serve the 106 acres should it develop, the Partnership expended money on legal, engineering and construction costs to insure the 106 acres can be served, and it is speculative at this time whether the property will ever develop or be approved to connect to VILLAGE water or sewer service. 4. Recapture Fees. Before any lot or parcel within the Cook County Benefited Area shall be connected directly or indirectly to the Sewer Main and /or Water Main the applicant for such connection shall pay to Village Clerk an amount calculated by dividing costs by acres for each acre of land within the Benefited Area to be connected together with an interest charge thereon calculated in the manner prescribed in Paragraph 3 of this Ordinance and Agreement. Fractional acres shall be charged a pro - rata share of the required sum of money. The monies obtained pursuant to this Paragraph 4 are hereinafter referred to as "Recapture Fee(s) ". In addition to collecting Recapture Fees, the Village Clerk shall collect from each applicant an administrative fee for the Village in the amount of two percent (2 %) of each Recapture Fee (including interest thereon). 5. Payment to Owner. The Village Clerk shall pay all Recapture Fees upon receipt thereof until Partnership has recovered the aggregate of its Costs, together with interest thereon; the one time recapture charge for the 106 acres of Will County property, if applicable, will be paid at the time provided; all Recapture Fees 4 thereafter received by the Village Clerk, along with all administrative fees, shall be deposited to the general fund of the Village for uses and purposes appropriate thereto. 6. Collection. The Village shall collect Recapture Fees at the time water and sewer connections are requested. Further, Village shall not issue any permits within the Benefited Area until the required Recapture Fees have been paid. The Village may bring suit to enforce collection of same. Partnership may bring suit on behalf of the Village to collect any Recapture Fees due and owing. In the event Partnership prosecutes Village shall access to its development of collection of a collection lawsuit, the cooperate by allowing Partnership full and free books and records properties Recapture concerning the annexation and within the Benefited Area and the Fees. officials shall be liable collect Recapture Fees. 7. 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 and sewer connection, inspection, permit and tap -in fees, which fees and charges shall be in addition to the Water Recapture Fees. 8. Ownership and Maintenance. Upon acceptance of the Sewer Main and Water Main the same shall become the property of the Village. The Village, without cost to Partnership, shall maintain and repair the Sewer Main in accordance with Village maintenance policies and ordinances in effect from time to time. Neither the Village nor any of its for monetary damages for failure to 5 9. 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 paying Recapture Fees after the date of the enactment hereof. 10. Conflicting Ordinances. All ordinances or parts of ordinances in conflict with this Ordinance and Agreement are hereby repealed. 11. Term. This Ordinance and Agreement shall be binding on the Parties and described property for a term of twenty -five (25) years from the date hereof, provided, however, that interest on the unpaid balances of the Recapture Fees shall cease to accumulate after the tenth anniversary date of this Ordinance and Agreement. The Village's ownership and maintenance of the improvements shall be perpetual. 12. Notice. Any notice or other communication which may be desired or required pursuant to this Ordinance and Agreement shall be in writing and shall be deemed given if personally delivered or via overnight courier service or deposited in United States certified mail, postage prepaid, addressed to the intended recipient at the addresses set forth below, or to such other address as each Party may subsequently designate by notice in accordance herewith: If to the Village: Village of Lemont 418 Main Street Lemont, Illinois 60439 Attention: Village Clerk with a copy to: John Antonopoulos Village Attorney 15419 - 127th Street, Suite 100 Lemont, Illinois 60439 6 If to Rolling Meadows: If to Aero Heights: Jurinek & Riskus, Inc. c/o Alexander Domanskis, Esq. Shaw, Gussis, Fox & Domanskis 111 W. Washington Street, Suite 707 Chicago, Illinois 60602 Aero Heights c/o Robert D. Goldstine, Esq. Goldstine, Skrodzki, Russian, Nemec and Hoff, Ltd. 7660 W. 62nd Place Summit, Illinois 60501 Alan D. Dineff 7646 West 63rd Street Summit, Illinois 60501 Notices shall be deemed received on the third business day following deposit in the U.S. Mail, if given by certified mail as aforesaid, and upon receipt or refusal if personally delivered or via overnight courier service. 13. All Actions Taken. The Village confirms that it has taken or shall take all actions required by law to enable it to execute this Ordinance and Agreement and to perform the covenants and conditions of this Ordinance and Agreement. 14. Captions. Rolling Meadows and /or Aero Heights, jointly or individually, may assign their rights and obligations under this Ordinance and Agreement so long as notice of such assignment is given to the Village within thirty (30) days of such assignment. 15. 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 their successors in interest. 16. Governing Law. This Ordinance and Agreement shall be governed by and construed in accordance with the laws of the State of Illinois. 7 17. Estoppel Certificates. A Party, or its successors, may request and obtain from the other Party, or its successors, a letter of 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, 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 Rolling Meadows and Aero Heights. 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, word or designation contained herein. 19. Recording. Partnership shall present this Ordinance and Agreement to the Recorder of Deeds for Cook County within thirty (30) calendar days after its execution by the Village and Rolling Meadows and Aero Heights. 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 /v9 {'- day of � , 199L. el % Ayes: Nays: Abstain: Absent: 8 ATTEST: illage Clerk Approved 9 Village Pr- 'dent The terms and covenants herein are agreed hereto: JURINEK & RISKUS, an Illinois corporation AE By. EIGHTS PARTNERSHIP By: ANDREW F. ICH, SR., One of its Partners ! ;g ALAN D. ' FF, One of its Part e s EXHIBIT C