HomeMy Public PortalAboutResolution 1452RESOLUTION NO.
-
A RESOLUTION AUTHORIZING REIMBURSEMENT FOR THE
CONSTRUCTION OF IMPROVEMENTS BENEFICIAL TO THE PUBLIC
PIN: 03-08-200-007, 03-08-200-003
WHEREAS, the Village of Plainfield (hereinafter referred to as "VILLAGE")
has made certain improvements to the roadway in the following location: the
eastern half of 143rd Street between Route 30 and Meadow Lane (hereinafter
referred to as IMPROVEMENTS"); and
WHEREAS, the IMPROVEMENTS are valuable and substantial
improvements benefiting property described in Exhibit "B" and shown in Exhibit
"C" which are 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 "B".
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 hundred thirty-
four thousand one hundred ninety-one dollars and fifty-eight cents ($134,191.58).
The VILAGE shall be entitled to recapture one hundred (100) percent of those
costs constituting the IMPROVEMENTS in the amount of $134,191.58 from the
BENEFITING PROPERTY as described in Exhibit "B".
HAPROJECTS\Recapture\143 St roadway\143 St.doc
SECTION 3
The VILLAGE staff is authorized to collect said sum of $134,191.58 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.
PASSED THIS j- DAY OF/d%2ei , 2005
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HAPROJECTS\Recapture\143 St roadway\143 St.doc
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