HomeMy Public PortalAboutResolution 1496
IAURIE MCPHILLIPS 3P R ~006095fi85
Will County Recorder Page 1 of 3
DET Date 06/12/2006 Time 09:40:01
Recording Fees: 24.75
IL Rental Hsng Support Prng: 0.00
RESOLUTION NO. 1496
A RESOLUTION AUTHORIZING REIMBURSEMENT FOR THE
CONSTRUCTION OF IMPROVEMENTS BENEFICIAL TO THE PUBLIC
PIN's: 06-03-29-100-007-0000; 06-03-29-200-001-0000;
06-03-29-200-003-0000; 06-03-29-300-001-0000;
06-03-29-300-002-0000
WHEREAS, the Village of Plainfield (hereinafter referred to as "VILLAGE") is
constructing certain improvements to the sanitary sewer system in the following general
location: Drauden Raad Pumping Station and Force Main on Drauden Road south of
Renwick Road,. in 2006 (hereinafter referred to as IMPROVEMENTS"); and
WHEREAS, the IMPROVEMENTS are valuable and substantial improvements
benefiting property shown in Exhibit "A" attached hereto and made a part hereof and
which is further described as the "BENEFITING PROPERTY'; and
WHEREAS, it is the opinion of the corporate authorities of the VILLAGE that
such IMPROVEMENTS benefit the property outlined in Exhibit "A" and identified as
the Sanitary Sewer Recapture Area _ Southwest Basin.
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD
OF TRUSTEES OF THE VILLAGE OF PLAINFIELD, as follows:
SECTION 1
The foregoing recitals are hereby incorporated by reference into the body of this
Agreement as if fully set forth and repeated.
SECTION 2
The cost of the IMPROVEMENTS, as described in Exhibit "A", attached hereto and
made a part hereof, have been estimated in the sum of five hundred thirty-two thousand
three hundred fifty dollars ($532,350). The VILLAGE shall be entitled to recapture one
hundred (100) percent of those costs constituting the IMPROVEMENTS in the amount of
$532,350 from the BENEFITING PROPERTY at a rate of $215.96/Population
Equivalent ("P.E") from the area described in Exhibit "A".
S:\Resolutions\prauden-f'S-RESOLUTION 1496.doc
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SECTION 3
The VILLAGE staff is authorized to collect said sum of $532,350 from the
BENEFITING PROPERTY, including requiring said payment as a condition of any final
plat of subdivision or before any building permits are issued, or as a condition of
annexation, whichever occurs first, as to the BENEFITING PROPERTY.
SECTION 4
Interest at the rate of four percent (4%) per annum will be charged on any unpaid
amounts beginning two years after the completion and acceptance of the Village of said
improvements ar execution of this Agreement, whichever occurs sooner.
PASSED THIS 15TH DAY OF MAY, 2006
AYES: Fay, Lamb, Manning, Collins, Racich, Dement,
NAYS: 0
ABSENT: 0
APPROVED THIS 15TH DAY OF MAY, 2006
r~'I'TEST;
V I~~GE CLE~
Prepared by and Return to:
Village of Plainfield
24401 W. Lockport Street
Plainfield, IL 60544
Attn: Village Clerk
ILLAGE PRESIDEN
5:\Resolutions\Drauden-PS-RESOLUTION 1496.doc
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