HomeMy WebLinkAboutRESOLUTION - 43-02 - 10/8/2002 - SECOND AMEND/MEMORAND OF UNDERSTANDINGRESOLUTION NO. 43-02
A RESOLUTION AUTHORIZING THE MAYOR AND VILLAGE CLERK TO EXECUTE
THE SECOND AMENDMENT TO THE MEMORANDUM OF UNDERSTANDING ADOPTED BY
JOINDER BY RESOLUTION NO. 33-02 FOR PRE -DEVELOPMENT SERVICES FOR THE
DEVELOPMENT OF THE SOUTH SUBURBAN AIRPORT
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Board of
Trustees of the Village of Elk Grove Village, Counties of Cook and
DUPage, State of Illinois as follows:
Section 1: That the Mayor be and is hereby authorized to sign
the attached documents marked:
SECOND AMENDMENT TO MEMORANDUM OF UNDERSTANDING
a copy of which is attached hereto and made a part hereof as if fully
set forth and the Village Clerk is authorized to attest said
documents upon the signature of the Mayor of Elk Grove Village.
Section 2: That this Resolution shall be in full force and
effect from and after its passage and approval according to law.
VOTE: AYES: 4 NAYS: 0 ABSENT: 2
PASSED this 8th day of October 2002.
APPROVED this 8th day of October 2002.
ATTEST:
Ann I. Walsh
Village Clerk
APPROVED:
Craig B. Johnson, Mayor
RESairportjoinderl FirstAmend.doc
SECOND AMENDMENT TO MEMORANDUM OF UNDERSTANDING
This Second Amendment to Memorandum of Understanding (this "Amendment") is
made and entered into as of this 6th day of September, 2002, by and among the VILLAGE OF
BENSENVILLE, ILLINOIS (`Bensenville"), the VILLAGE OF ELK GROVE, ILLINOIS ("Elk
Grove"), and the CITY OF PARK RIDGE, ILLINOIS ("Park Ridge"; Bensenville, Elk Grove
and Park Ridge being collectively referred to as "Sponsor"), and LCOR HOLDINGS LLC, a
Delaware limited liability company ("LCOR').
WITNESSETH:
WHEREAS, Bensenville, LCOR and Hochtief Airport ("Hochtief') entered into that
Memorandum of Understanding dated July 7, 2002 (as now or hereafter amended or modified,
the "MOU"); and
WHEREAS, pursuant to that Joinder to Memorandum of Understanding dated July 15,
2002, Park Ridge joined in the MOU as an additional entity constituting the Sponsor; and
WHEREAS, pursuant to that Joinder to Memorandum of Understanding dated July 23,
2002, Elk Grove joined in the MOU as an additional entity constituting the Sponsor; and
WHEREAS, pursuant to that letter agreement among the parties to the MOU and dated
July 24, 2002 (the "First Amendment"), LCOR and Hochtief accepted and acknowledged the
Joinders of Park Ridge and Elk Grove, and the parties to the MOU amended certain provisions of
the MOU.
NOW, THEREFORE, in consideration of the covenants and agreements contained in the
MOU and this Amendment, and for other good and valuable consideration, the receipt and
sufficiency of which the parties to this Amendment acknowledge, the parties agree as follows:
1. The phrase "sixty (60) days" set forth in Paragraphs V.A. and VI.I. of the MOU,
as modified by to the First Amendment, is hereby changed to "seventy-five (75) days" in both
places.
2. The parties agree that LCOR shall act as the sole Developer(s) pursuant to the
MOU from and after the date hereof.
3. Capitalized terms not otherwise defined herein shall have the meanings set forth
in the MOU.
4. Except as modified herein, all remaining terms and conditions of the MOU shall
remain in full force and effect.
5. This Second Amendment may be executed in counterparts, each of which shall be
deemed to be an original.
IN WITNESS WHEREOF, the parties have duly executed this Second Amendment as of
the day and year first written above.
SPONSOR:
VILLAGE OF BENSENVILLE, ILLINOIS
M
Name: John
Village of Bensenville
GROVE, ILLINOIS
Craig Johnson
Mayor, Elk Grove Village
CITY OF P RK RIDGE, ILLINOIS
By:
ame: Ronald W. Wietecha
Title: Mayor, City of Park Ridge
DEVELOPERS:
LCOR HOLDINGS LLC
By:
Name:
Title:
IN WITNESS WHEREOF, the parties have duly executed this Second Amendment as of
the day and year first written above.
SPONSOR:
VILLAGE OF BENSENVILLE, ILLINOIS
By:
Name:
Title:
VILLAGE OF ELK GROVE, ILLINOIS
By:
Name:
Title:
CITY OF PARK RIDGE, ILLINOIS
By:
Name:
Title:
DEVELOPERS:
LCOR H GS LLC
By:
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