HomeMy Public PortalAboutResolution 1487RESOLUTION NO. 1487
A RESOLUTION AUTHORIZING REIMBURSEMENT FOR THE
CONSTRUCTION OF IMPROVEMENTS BENEFICIAL TO THE PUBLIC
WHEREAS, the Village of Plainfield (hereinafter referred to as "VLL,L,AGE") has
made certain improvements to the trunk sewer line in the following general location:
143~d Street from Van Dyke to Route 30 and Route 30 from 143"' Street to West Norman
Drain in 2002 and 143"' Street between Route 30 and west of Meadow Lane at Dayfield
Subdivision in 2004 (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 -Northwest Basin.
NOW, THERF,,FORE, BE IT RESOLVED BY THE PRESIDENT AND 130ARD
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 certified in the sum of one million one hundred sixty-five
thousand six hundred seventy-seven dollars ($1,159,53 $.97). The VILLACrE shall be
entitled to recapture otae hundred (100) percent of` those costs constituting the
IMPROVEMENTS in the amount of $1,159,538.97 from the BENEFITING PROPERTY
at a rate of $279/acre, as described in Exhibit "A".
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SECTION 3
The VILLAGE staff is authorized to collect said sutra of $1,159,538.97 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 BENEFITINGr PROPF..RTY.
SECTION 4
Interest at the rate of four percent (~%) per annum will be charged on any unpaid
amounts beginning two years after the completion and acceptance of the V illagc of said
improvements or execution of this Agreement, whichever occurs sooner.
PASSED THIS 6th DAY OF February, 2006
AYES: Fay, Lamb, Manning, Collins, Racich, Dement.
NAYS: 0
ABSENT: 0
APPROVED THIS 6th DAY OF February, 2006
VILLAGE PRESIDEN
AT'1ryES"1':
VILLAGE CLERK!"
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