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HomeMy WebLinkAboutRESOLUTION - 70-70 - 8/4/1970 - WILDOAKS EXTENSION/PRE ANNEX AGRMT RESOLUTION N0, 10-70 A RESOLUTION EXTENDING TO AMERICAN NATIONAL BANK AND TRUST COMPANY OF CHICFG Oa, AS TRUSTEE, UNDER `.CRUST NO. 28833 AND JAMES L. CARROLL, SOLE BENEFICIARY THEREUNDER (OWNER) , AN ADDITIONAL NINETY(90) DAYS IN WHICH TO COMPLY WITH PARAGRAPH ONE (1) OF THE PRE- ANNEXATION AGREEMENT ENTERED INTO BETWEEN SAID OWNERS AND THE VILLAGE OF ELK GROVE VILLAGE ON MAY 12, 1970. WHEREAS, on May 12, 1970, the President and Board of Trustees of the Village adopted Resolution No. 52-70 entitled, " A Resolution Authorizing the Village President and the Village Clerk to Sign a Pre-Annexation Agreement between the American National Bank and Trust Company of Chicago, as Trustee under Trust No. 28833, James L. Carroll, sole beneficiary thereunder, a,-.d the Village of Elk Grove Village" ; and WHEREAS, subsequent thereto, the Village President and Village Clerk did execute, on behalf of the Village, such Pre-Annexation Agreement, and said Agreement provides inter al.ia: 1. The Village of Elk Grove Village does hereby agree to annex the real estate described above within thirty (30) days from date Of this Agreement; provided, however, that it has been paid the sum of Five Thousand and N0/100 ($5, 000. 00) ' Dollars as a donation towards its traffic signal light: fund and the sum of Twenty- Five Thousand and No/100 ($25, 000. 00) Dollars as a donation towards the open and recreational space program contemplated by the Village in its Sub-Division Control Ordinance. It is understood that in the event that said sums are not paid the Village Treasurer as provided, that the Village shall be under no obligation hereunder to annex and zone the property or to do any other act whatsoever and this Agreement shall be null and void. Time is deemed to be the essence of the understanding hereunder .. and WHEREAS, on June 23 , 1970, James L. Carroll, requested that --1- the Village allow him an additional thirty (30) days in which to comply with the terms recited in Paragraph 1 of the Agreement, said Paragraph being recited above, which request was granted by the Village; and WHEREAS, on July 28, 1970, James L. Carroll, requested an additional ninety (90) days in which to comply with the terms of Paragraph 1 of the said Agreement, said Paragraph being recited above, NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of the Village of Elk Grove Village, Counties of Cook and DuPage, Illinois : Section 1 : That the Village of Elk Grove Village does hereby agree to extend an additional ninety (90) days up to and including October 15 , 1970, in which James L. Carroll is to comply with Paragraph 1 of the Pre-Annexation Agreement authorized by Resolution Number 52-70 , Section 2 . : That this Resolution shall be in full force and effect from and after its passage and approval as provided by law. PASSED this 4th day of August , 1970. APPROVED this 4th day of August , 1970. VOTES: AYES 6 NAYS 0 ABSENT 0 Jack D. Pahl Village President ATTEST: Eleanor G. Turner Village Clerk -2- U REAL ESTATE o INVESTMENTS 606 E. OAKION ST. ELK GROVE VILLAGE, ILL. 60007 PHONE 95CM790 July 24, ' 970 President and Board of Trustccs Village of Elk Grove Village Elk Grove Village - Illinois Fe: Wild ON Subdivision Preannexation Agreement War Sir and Gentleman: It is hereby requested that the Pre.nnncxntion Qreemant relative to the above WILD OAK Subdivision annexation be amended as follows: That the tima in which the u;ir..^_r shall deliver the monies in the amount of Thirty Thousand Dollars ( $ 30,000 ) be extended and additional Ninety lays ( 90 ) from the date of this request. This request is made in view that the: owner is noy working with an architect to preserve the Wooded Area of the land as a na_urnl pork area. A plan will be submitted to the villn3e for its approval at the earliest possible tate outling the above proposed wooded area in a planned development. The above refers to Resolution No. 52 - 70 passed and approved May 12, 1970 and tha above Pre - Annerati-on agreement of May 26, 1970. and letter dated June 22, 1970. Thank you for this and past cons;deratign, , J< .:es L. Carroll ole Owner approved and 7cAl / pd, this day of , 1970 �� 0 �� resident, Q11ale of Elk Village Clerk,�Villa e of Grove Village Elk Grove Village