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public hearings in a case docketed as Docket 69-11 before the <br />Plan Commission of said Village. <br />WHEREAS, the Village is agreeable to such development in <br />such manner; and <br />WHEREAS, all other matters, in addition to those specifically <br />referred to above, which are included by this Annexation Agreement <br />have been considered by the parties hereto, and the development of <br />said property for the purposes permitted under M-1 zoning district, <br />as aforesaid, of the Zoning Ordinance of the Village, and in ac- <br />cordance with the terms and conditions of this Agreement, will inure to <br />the benefit and improvement of the Village in that it will increase <br />the taxable value of the real property within its corporate limits, <br />will extend the corporate limits and the jurisdiction of said Vil- <br />lage to the limits described under the attached Annexation Plan,. <br />will promote the sound planning and development of the Village <br />and will otherwise enhance and promote the general welfare of the <br />people of the Village; and <br />WHEREAS, in reliance upon this Agreement by the Village and <br />the performance by the Village of the undertaking hereinafter set <br />forth to be performed by it, there has been submitted the said <br />Annexation Petition, as aforesaid, and said Owners are willing to <br />undertake certain obligations as herein set forth; and <br />WHEREAS, it is the desire of the Village and the Owners that <br />the development of the real property proceed as conveniently as may <br />be, and be subject to the ordinances, codes and regulations, except <br />as hereafter set forth, of the Village, subject bo the terms and <br />conditions hereinafter contained. <br />NOW, THEREFORE, for and in consideration of the mutual <br />promises and agreements herein contained, the parties hereto <br />-2- <br />