HomeMy Public PortalAboutResolution 1455RESOLUTION N0.1455
A RESOLUTION AUTHORIZING REIMBURSEMENT FOR THE
CONSTRUCTION OF IMPROVEMENTS BENEFICIAL TO THE PUBLIC
WHEREAS, the Village of Plainfield (hereinafter referred to as "VILLAGE") has made
certain improvements to the Village's water system including installation of a 2Q" water main in
the following location: 127t" Street between 224t" Avenue and Route 59 (hereinafter referred
to as "IMPROVEMENTS"); and
WHEREAS, the IMPROVEMENTS are valuable and substantial improvements
benefiting property described as shown in Exhibit "A" which is attached hereto and made a
part hereof and which are 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 described in Exhibit "A"; and
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 "B", attached hereto and made a
part hereof, have been estimated in the sum of one million three hundred forty-three thousand
thirteen dollars and twenty-four cents ($1,343L013.24). The VILLAGE shall be entitled to
recapture seventy-seven (77%) percent of those costs constituting the IMPROVEMENTS in
the amount of one million twenty-eight thousand three hundred forty-five dollars. and twenty-
three cents $1.Q28,345.23).from the BENEFITING PROPERTY as depicted in Exhibit "A".
Said cost to be paid according to Exhibit "B".
SECTION 3
The VILLAGE staff is authorized to collect said sum of $1 028,34,5.23 from the BENEFITING
PROPERTY, including requiring said payment as a condition of annexation, as to the
BENEFITING PROPERTY.
PASSED THIS 4th DAY OF April , 2005
AYES: Fay, Waldorf, Collins, Dement, Thomson, O'Connell.
NAYS: 0
s
ABSENT:0
APPROVED THIS 4th DAY OF Aril , 2005.
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VILLAGE ESIDENT