HomeMy WebLinkAboutRes 48-02 10/15/2002 wl
10/11/0 2
RESOLUTION NO. 48-02
A RESOLUTION AUTHORIZING THE VILLAGE OF MOUNT PROSPECT TO ENTER INTO
AN EASEMENT AND COST ALLOCATION AGREEMENT BETWEEN
THE VILLAGE OF MOUNT PROSPECT AND THE ~/iELAGE EOFTS AND SHOPS, L.L.C.
WHEREAS, the Corporate Authorities of the Village of MOunt Prospect have determined that it Would
be in the best interests of the Village to participate with The Village Lofts, L.L~C. in establishing
easements between the Village Lofts property and the current Village Hall parcel, and in providing for
reimbursement of specific funds in conjunction with the construction of a parking ramp; and
WHEREAS, it has been further determined that it would be in the best interest of all concerned to
enter into said Agreement in conjunction with the development of The Village Lofts and the
redevelopment of the Village Hall parcel at 100 South Emerson Street.
NOW THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF TRUSTEES OF' THE
VILLAGE OF MOUNT PROSPECTi COOK COUNTY, ILLINOISl
SECTION ONE: The Mayor is hereby authorized to sign and the Clerk is authorized to attest his
signature on the Agreement between the Village of Mount Prospect and the The Village Lofts, L.L.C.,
being the subject of this Resolution, a copy of said Agreement is attached hereto and hereby made a
part hereof as Exhibit "A".
SECTION TWO: This Resolution shall be in full force and effect from and after its passage and
approval in the manner provided by law.
AYES:
Corcoran, Skowron, Wilks, Zadel
NAYS: None
ABSENT: Hoefert, Lohrstorfer
PASSED and APPROVED this 15th day of October, 2002.
Velma V(/. Lowe
Village Clerk
Mayor