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HomeMy WebLinkAboutORDINANCE - 2076 - 11/28/1989 - VLG ON THE LAKE/PARCEL D LOT 1ORDINANCE NO. 2076 AN ORDINANCE AMENDING ORDINANCE NO. 1964 BY AMENDING THE DEVELOPMENT SCHEDULE FOR LOT 1 OF PARCEL D OF VILLAGE ON THE LAKE PLANNED UNIT DEVELOPMENT (PARK CHARDONNAY/PARK ORLEANS) WHEREAS, a Final Site Plan for Lot 1 of Parcel D of the Village on the Lake Planned Unit Development was previously approved by the President and Board of Trustees on September 23, 1980; and WHEREAS, the developer has requested a revised Development Schedule for the balance of the Park Orleans Condominium Planned Unit Development (Park Chardonnay); and WHEREAS, it is the recommendation of the Director of Engineering and Community Development of the Village of Elk Grove Village that the Development Schedule as amended, be approved. NOW, THEREFORE, BE IT ORDAINED by the President and Board of Trustees of the Village of Elk Grove Village, Cook and DuPage Counties, Illinois as follows: Section 1: That Ordinance 1964, which amended Ordinance Nos. 1927, 1555 and 1407 by amending the Final Site Plan for Lot 1 of Parcel D of the Village on the Lake Planned Unit Development is hereby amended by extending the Development Schedule as follows: schedule, the developer will install the remaining public sidewalk and parkway trees along the east side of Leicester Road by June 30, 1990. Section 3: That all other provisions of Ordinance No. 1555 shall remain in full force and effect. Section 4: That the Village Clerk is hereby authorized to publish this Ordinance in Pamphlet Form. Section 5: That this Ordinance shall be in full force and effect from and after its passage, approval and publication according to law. VOTE: Begin Development NAYS: 0 ABSENT: 0 Phase on or before Finish Development November 1989. 2B August 1, 1990 December 31, 1994 3A & 3B August 1, 1990 December 31, 1994 4A & 4B August 1, 1990 December 31, 1994 Section 2: That as a condition of extending the Development schedule, the developer will install the remaining public sidewalk and parkway trees along the east side of Leicester Road by June 30, 1990. Section 3: That all other provisions of Ordinance No. 1555 shall remain in full force and effect. Section 4: That the Village Clerk is hereby authorized to publish this Ordinance in Pamphlet Form. Section 5: That this Ordinance shall be in full force and effect from and after its passage, approval and publication according to law. VOTE: AYES: 6 NAYS: 0 ABSENT: 0 PASSED this 28th day of November 1989. APPROVED this 28th day of November 1989. Charles J. Zettek ATTEST: Village President Patricia S. Smith PUBLISHED this 5th day of Village Clerk December , 1989, in Pamphlet Form. PARK CHARDONNAY PARTNERSHIP c/o WALTON REALTY CO., INC. 101 East Ontario Suite 350 Chicago, IL 60611 November 7, 1989 V I A FEDERAL EXPRESS AND FAX Mr. Gary Parrin Assistant Village Manager Elk Grove Village Hall 901 Wellington Elk Grove Village, IL 60007 Re: PARK CHARDONNAY CONDOMINIUMS Dear Mr. Parrin: COPY Pursuant to your conversations with our attorney, we submit this letter to provide the Village Board with a status report on the above project, and to request a modification of the construction commencement and completion dates of the remaining phases. The bids that we recently received from various general contractors were several million dollars over budget. Consequently, we were required to revise portions of the construction drawings and restructure our financial commitments. In an effort to commence construction of the final phases of the project at the earliest possible opportunity, we are negotiating with a large national general contractor and developer, who has access to major sources of construction financing. We will identify the developer to you at such time as we reach a firm deal. At that time, the project will be rebid and construction commenced. We are pursuing matters with considerable diligence. However, this process necessarily requires a considerable commitment in time. Inasmuch as the bid overruns and subsequent project revisions were unforeseen when we received our current construction schedule, we now anticipate the following modification to the construction schedule will enable the timely commencement of the final phases of construction activities: Mr. Gary Parrin November 7, 1989 _ Page -2- Construction on the remainder of the development will commence on or before August 1, 1990 and will be completed by December 31, 1994. The developer may construct the remaining Phases in the order it deems appropriate. You have also indicated that the Village's staff recommends that as a condition to granting the above extension, the developer be required to install sidewalks and landscaping on the easterly boundary of the project by June 30, 1990. We think the recommendation is a good one and will, of course, see that it is complied with. There will be considerable effort by all parties to improve upon these dates as it will be in the best economic interest of everyone to do so. We, therefore, respectfully request that the construction schedule set forth herein be granted as requested. If you have any questions regarding this request, we will be pleased to provide any additional information you may need. I will be present at the Board Meeting when this matter is acted upon, to answer any questions the Board may have. Very truly yours, PARK CHARDONNAY PARTNERSHIP By: Peter Pagratis PP/bd cc: Steven A. Stender Robert Simon Raymond H. Stender Jack Nortman Moe Berrettini Leon Teichner PARK CHARDONMAY PARTNERSHIP c/o WALTON REALTY CO., INC. 101 East Ontario Suite 350 Chicago, IL 60611 October 3, 1989 V I A FEDERAL EXPRESS Mr. Gary Perrin Assistant Village Manager ELK GROVE VILLAGE HALL 901 Wellington Elk Grove Village, IL 60007 RE: PARK CHARDONNAY CONDOMINIUMS Dear Mr. Perrin: Pursuant to your conversations with our attorney, we submit this letter to provide the Village Board with a status report on the above project, and to request a modification of the construction commencement and completion dates of the remaining phases. The bids that we recently received from various general contractors were several million dollars over budget. Consequently, we were required to revise portions of the construction drawings and restructure our financial commitments. In an effort to commence construction of the final phases of the project at the earliest possible opportunity, we are negotiating with a large national general contractor and developer, who has access to major sources of construction financing. We will identify the developer to you at such time as we reach a firm deal. At that time, the project will be rebid and construction commenced. We are pursuing matters with considerable diligence. However, this process necessarily requires a considerable commitment in time. Inasmuch as the bid overruns and subsequent project revisions were unforeseen when we received our current construction schedule, we now anticipate the following extensions will enable us to finalize our agreement with the new developer and initiate the final phases of construction activities: Mr. Gary Perrin October 3, 1989 Page - 2 - Phase 2B 3A 3B 4A 4B Begin Development August,1990 April, 1991 April, 1991 April, 1992 April, 1992 Finish Development May, 1991 March, 1992 March, 1992 March, 1993 March, 1993 There will be considerable effort by all parties to improve upon these dates as it will be in the best economic interest of everyone to do so. We, therefore, respectfully request that the construction schedule set forth herein be granted as requested. If you have any questions regarding this request, we will be please to provide any additional information you may need. I will be present at the Board Meeting when this matter is acted upon, to answer any questions the Board my have. Very truly yours, PARK CHARDONNAY PARTNERSHIP By, U -( Peter Pagratis PP/bd cc: Steven A. Stender Robert Simon Raymond H. Stender Jack Nortman Moe Berrettini