HomeMy WebLinkAboutOrd 5488 05/17/2005
ORDINANCE NO. 5488
AN ORDINANCE GRANTING APPROVAL OF A CONVERSION TO
CONDOMINIUM OWNERSHIP OF THE PROPERTY LOCATED AT
1510-1534 RIVER WEST COURT
Passed and approved by
the President and Board of Trustees
the 17TH day of May, 2005
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois,
the 18TH day of May, 2005
Kad 5/5/05
be 5/10/05
bh 5/12/05
ORDINANCE NO. 5488
AN ORDINANCE GRANTING APPROVAL OF A CONVERSION TO
CONDOMINIUM OWNERSHIP OF THE PROPERTY
LOCATED AT 1510-1534 RIVER WEST COURT
WHEREAS, Billy Bob Marketing, LLC (hereinafter referred to as Petitioner), has filed a
petition for a condominium conversion with respect to property generally known as
1510 -1534 River West Court, (hereinafter referred to as Subject Property); and
WHEREAS, the Subject Property is legally described as follows:
LOT 1 IN THE APARTMENTS OF RIVER WEST, A PLANNED UNIT
DEVELOPMENT OF PART OF LOT 'A' IN WOODVIEW MANOR, UNIT NO.2
BEING A SUBDIVISION OF PART OF THE SOUTHWEST ~ IF SECTION 21,
TOWNSHIP 42 NORTH, RAND 11, EAST OF THE THIRD PRINCIPAL MERIDIAN,
IN COOK COUNTY, ILLINOIS.
PI N: 03-24-416-029/030-036; 03-24-416-038; 03-24-416-044
WHEREAS, Petitioner desires approval providing for the long-term conversion to
condominiums of a 60 unit apartment development; and
WHEREAS, a Public Hearing was held on the request for a Condominium Conversion,
designated as P&Z Case No. 50-04, before the Planning and Zoning Commission of the
Village of Mount Prospect on the 28th day of April, 2005, pursuant to due and proper notice
having been published in the Mount Prospect Journal and Topics on the 13th day of April,
2005; and
WHEREAS, the Planning and Zoning Commission has submitted its findings and
recommendations to the President and Board of Trustees of the Village of Mount Prospect;
and
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: The recitals set forth above are incorporated as findings of fact by the
President and Board of Trustees of the Village of Mount Prospect.
SECTION TWO: The condominium conversion being subject of this Ordinance is subject
to the following Conditions:
1) Prior to Village Board review, the Petitioner shall obtain estimates to install
streetlights and sidewalk in the public right-of-way (River Road) and escrow funds in
an amount to be determined by the Village and enter into an escrow agreement for
the completion of the proposed improvements;
2) Completing the Condominium Conversion Plat Procedures as set forth in the
Village's Subdivision Code (Section 15.307.B);
3) Submitting a Final Property Report as required by Village Code for the Village
Attorney's review and approval;
4) Prior to obtaining the first Certificate of Occupancy, the Petitioner must submit
homeowner's association documents for Staff review and approval; and
5) The Petitioner shall improve all units, common areas, and the Subject Property
according to all Village Codes and regulations, including, but not limited to: installing
a fire suppression and detection system, meeting current Building Code
requirements, and complying with current storm water detention requirements.
SECTION THREE: This Ordinance shall be in full force and effect from and after its
passage, approval and publication in pamphlet form in the manner provided by law.
AYES:
Corcoran, Hoefert, Korn, Lohrstorfer, Skowron, Zadel
NAYS:
None
ABSENT:
None
PASSED and APPROVED this 1 ih day of May, 2005.
~t;. fJ}Jk
Irvana K. Wilks
Village President
ATTEST:
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Kimberly A. D IS
Deputy Village Clerk
H:\CLKO\files\WIN\ORDINANC\Con Use151 0 1534 river west e tFINAL pud may 2005.doe