HomeMy WebLinkAboutRes 41-82 06/15/1982
RESOLUTION NO.
41-82
A RESOLUTION TO RENEW THE TRAFFIC CONTROL AGREEMENT
WITH ROUSE-RANDHURST CORPORATION
WHEREAS, the RANDHURST CORPORATION, owner and operator of
the Randhurst Shopping Center located in Mount Prospect, Illinois,
on -the real estate legally described on Exhibit "Au hereto, and
the VILLAGE OF MOUNT PROSPECT, Cook County, Illinois, a
municipal corporation, entered into an Agreement dated
July 18, 1972, providing for regulation of traffic on the
parking area of Randhurst¡ pursuant to the provisions of
Section 11-209 of Chapter 95-1/2 of the Illinois Revised.
Statutes; and
WHEREAS, the Agreement was for a term of five (5) years from
the date of its execution and provided that it was renewable for
additional periods of like duration; and
WHEREAS, the Randhurst Corporation and the Village of
Mount Prospect did renew the subject Agreement on July 7, 1977
for a period of five (5) years; and
WHEREAS, Rouse-Randhurst Corporation and the Village of
Mount Prospect desire to renew the subject Agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE HAYOR AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That the President of the Board of Trustees of
the Village of Mount Prospect is hereby authorized to sign and
the Village Clerk of the Village of Mount Prospect is hereby
authorized to attest the Notice of Renewal attached hereto and
hereby made a part hereof as Exhibit B, which shall extend the
aforesaid Agreement dated July 18, 1972, renewed July 7,1977
and expiring July 7, 1987 on the same terms and conditions.
SECTION TWO: That the said Notice of Renewal and said Agreement
shall be binding upon the successor owners of the above Rouse-
Randhurst Shopping Center, Inc. and upon successor municipal
authorities of this Village of Mount Prospect, Cook County,
Illinois; and said Notice of Renewal shall be registered with
the Cook County Recorder of Deeds.
SECTION THREE: That this Resolution shall be in full force and
effect from and after its passage and approval in the manner
provided by law.
AYES:
Arthur Farley Floros Miller Murauskis Wattenberg
NAYS:
None
ABSENT: None
PASSED and APPROVED this 15th day of
June
, 1982.
ATTEST:
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Ma~or
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NOTICE OF RENEWAL
WHEREAS, RANDHURST CORPORATION, former owner and
operator of Randhurst, a regional §hopping center located in
Mount Prospect, Illinois, on the real estate legally described
on Exhibit "Aft hereto, and the VILLAGE OF MOUNT PROSPECT, Cook
County, Illinois, a municipal corporation (hereinafter referred
to as "Village") entered into an Agreement dated July 18, 1972
providing for regulation of traffic on the parking area of
Randhurst pursuant to the provisions of Section 11-209 of
Chapter 95-1/2 of Illinois Revised Statutes (hereinafter
referred to as the "Agreement") and
WHEREAS, the Agreement was for a term of five (5)
years from the date of its execution and provided that it was
renewable for additional periods of like duration; and
WHEREAS, the Agreement was extended for a renewal
term commencing July 18,1977 and expiring July 17, 1982; and
WHEREAS, the present owner of Randhurst Shopping
Center, LaSalle National Bank, not personally but as Trustee under
Trust Agreement dated May 5, 1981 known as Trust No. 103910, by its
beneficiary Rouse-Randhurst Shopping Center, Inc., a Maryland
~orporation (hereinafter referred to as "Owner") and the Village
desire to renew the Agreement;
NOW, THEREFORE, Owner and the Village agree that the
Agreement shall be extended for a renewal term commencing July 18,
1982 and expiring July 17, 1987 on the same terms and conditions.
IN WITNESS WHEREOF the parties have set their
hands and seals this
day of
, 1982.
z:¿¿~
-. Village Clerk
VILLAGE OF MOUNT PROSPECT
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~r
ATTEST:
ROUSE-RANDHURST SHOPP.I.. NG CENTE~, INC.
By: &J 4 c-:L~~ ,,~