HomeMy WebLinkAboutRESOLUTION - 50-19 - 9/10/2019 - Itasca Redevelopment AgreementRESOLUTION NO.50-19
A RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE A LETTER OF
AGREEMENT BETWEEN THE VILLAGE OF ELK GROVE VILLAGE AND THE
VILLAGE OF ITASCA FOR PROVIDING A CONTRIBUTION AMOUNT OF $210,000
BY THE VILLAGE OF ITASCA AS AN OFFSET TO IMPACTS ON NERGE ROAD IN
RELATION TO THEIR REDEVELOPMENT AT THE SOUTHEAST CORNER OF
DEVON AVENUE AND ROHLWING ROAD
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 document
marked:
LETTER OF AGREEMENT
BY AND BETWEEN THE VILLAGE OF ITASCA
AND
THE VILLAGE OF ELK GROVE VILLAGE
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 document upon the signature of the Mayor.
Section 2: That this Resolution shall be in full force and effect from and after its passage
and approval according to law.
VOTE: AYES:5 NAYS:0 ABSENT:1
PASSED this 10' day of September 2019.
APPROVED this loth day of September 2019.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Loretta M. Murphy, Village Clerk
LETTER OF AGREEMENT BY AND BETWEEN
THE VILLAGE OF ITASCA AND VILLAGE OF ELK GROVE VELLAGE
WHEREAS, the Village of Itasca ("Itasca") and the Village of Elk Grove Village ("Elk
Grove") (jointly, the "Villages") are units of local government; and
WHEREAS, the Villages wishes -to enter in a Letter of Agreement; and
WHEREAS, Itasca has adopted Ordinance No. 1889-18, which granted certain zoning
approvals to Bridge Itasca, LLC, an Illinois limited liability company, the owner and proposed
developer of parcels of substantially vacant real estate within the Village of Itasca consisting of
approximately 48 acres, generally located on the south side of Devon Avenue, east of Route
53/Rohlwing Road and west of I-290 (PINS 03-06-100-010 and 03-06-200-013) (the "Property");
and
WHEREAS, Bridge Itasca, LLC has petitioned the Illinois Department of Transportation
("IDOT") to allow the installation of a traffic signal light at the intersection of Rohlwing
Road/Route 53 and Hamilton Parkway, Itasca, Illinois; and
WHEREAS, Bridge Itasca, LLC has also petitioned the Cook County Department of
Transportation and Highways ("CCDOTH") to allow for intersection improvements at the
intersection of Devon Road and Nerge Road, between Itasca, Illinois and Elk Grove, Illinois; and
WHEREAS, Elk Grove will be expending nearly $1.5 million for the design, engineering,
and reconstruction of Nerge Road within the next year, and has expressed concerns that the
proposed development by Bridge Itasca, LLC will have a deleterious impact on the Village's
reinvestment; and
WHEREAS, due to the expected impact of the development on surrounding areas,
including Nerge Road, Itasca has entered into a Development Agreement with Bridge Itasca,
LLC wherein Bridge Itasca LLC will provide a contribution amount of $210,000.00.
NOW, THEREFORE, pursuant to statutory authority and their powers of
intergovernmental cooperation, it is agreed by and among the Villages as follows:
A. Incorporation of Recitals. The above recitals are hereby incorporated into and made a part
of this Letter of Agreement.
B. Elk Grove's Obligations. Elk Grove agrees to fully and expeditiously cooperate with
Itasca, Bridge Itasca, LLC, IDOT, CCDOTH, the Illinois State Toll Highway Authority
and any other such regulatory agency to support the approval and installation of the
traffic signal light at the intersection of Rohlwing Road/Route 53 and Hamilton Parkway,
Itasca, Illinois and the intersection improvements at Devon Avenue and Nerge Road
(collectively, "traffic improvements"). Elk Grove agrees to provide any information and
documentation, including but not limited to correspondence, letters, and responses in
support of these traffic improvements in a timely and expeditious manner when such
information or documentation is requested by Itasca, Bridge Itasca, LLC, IDOT,
CCDOTH, the Illinois State Toll Highway Authority, and any other such regulatory
agency. Elk Grove agrees not to take any adverse action against the traffic improvements
so long as there is not a substantial change in the improvements currently planned.
C. Itasca's Obli atg ions. In Consideration of Elk Grove's cooperation and support of these
traffic improvements, Itasca agrees to make payment in the amount of $210,000.00 to Elk
Grove within 30 days of the effective date of this agreement to cover certain maintenance
costs for Nerge Road.
D. If Elk Grove takes any adverse action against the traffic improvements or fails to fully
and expeditiously cooperate with Itasca or Bridge Itasca, LLC to support IDOT's and
CCDOTH's approval of these traffic improvements, Elk Grove forfeits the contribution
payment from Itasca and Bridge Itasca, LLC., and shall be liable to Itasca for all monies
already paid under this agreement.
E. Each party represents to the other that:
1. It has obtained all necessary approvals, consents and authorizations to enter into
this Agreement;
2. the person executing this Agreement on behalf of their party has the authority to
do so;
3. upon execution of this Agreement by the parties, it is valid and binding,
enforceable in accordance with its terms; and
4. the execution, delivery, and performance of this Agreement does not violate any
bylaw, charter, regulation, law or any other governing authority of the party.
The parties hereby enter into this Agreement as of the Effective Date.
Village of Itasca Village of Gr e Village
By: By:
Name: Jeffery J Pruyn Nar
Title: Village President Title:
Date:
2
Craig B Johnson
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