HomeMy Public PortalAboutResolution 1430RESOLUTION NO. 14 3 0
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 sanitary sewer system including installation of a pump
station and force main in the following location: near Springhole Creek, along the the EJ&E
railroad tracks from Renwick Road to Settler's Park (hereinafter referred to as
"IMPROVEMENTS"); and
WHEREAS, the IMPROVEMENTS are valuable and substantial improvements
benefiting property described as shown in Exhibit "B" 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 "B"; 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 "A", attached hereto and made a
part hereof, have been estimated in the sum of two million five hundred sixt two thousand
three hundred dollars ($2,562,300). The VILLAGE shall be entitled to recapture one hundred
(100%) percent of those costs constituting the IMPROVEMENTS in the amount of two million
five hundred sixty two thousand three hundred dollars ($2,562,300).from the BENEFITING
PROPERTY as depicted in Exhibit "B". Said cost to be proportionately paid by the acreage
served at a rate of five hundred ninety-seven dollars ($597) per acre.
SECTION 3
The VILLAGE staff is authorized to collect said sum of ($2,562,300) from the BENEFITING
PROPERTY, including requiring said payment as a condition of annexation, as to the
BENEFITING PROPERTY.
PASSED THIS 20 DAY OF SEPTEMBER , 2004
AYES: DEMENT, THOMSON, FAY, WALDORF, COLLINS, O'CONNELL
NAYS: 0
ABSENT: 0
APPROVED THIS 20 DAY OF sRPTEMRER, 2004.
VILLAGE FrRESIDENT
,,A_TTEST:
VILLAG-E CLERK
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