HomeMy WebLinkAboutOrd 6684 07/18/2023 Prorating The Cost Of Certain Punlic Improvements I The Village Of Mount Prospect, Adopted May 06, 2023 To Confirm, Readopt And Extend The Term Of Ord No. 5332 For A Second Additonal Ten Years From Adoption Date Of This Amended OrdORDINANCE NO. 6684
AN ORDINANCE AMENDING ORDINANCE NO. 5332, "AN ORDINANCE PRORATING THE
COST OF CERTAIN PUBLIC IMPROVEMENTS IN THE VILLAGE OF MOUNT PROSPECT,"
ADOPTED MAY 6, 2003, TO CONFIRM, READOPT AND EXTEND THE TERM OF ORDINANCE
NO. 5332 FOR A SECOND ADDITIONAL TEN YEARS FROM THE ADOPTION DATE OF THIS
AMENDING ORDINANCE
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect, Illinois did adopt
Ordinance No. 5332 entitled "An Ordinance Prorating the Cost of Certain Public Improvements in the
Village of Mount Prospect," at the regular Village Board meeting held May 6, 2003; and
WHEREAS, Ordinance No. 5332 authorized the Developer of property located at 303-305 South
Douglas Avenue, Mount Prospect, Illinois, to recapture from the owners of benefitting properties certain
expenses associated with its construction of Public Improvements (the "Improvements"); and
WHEREAS, the ten (10) yearterm of Ordinance No. 5332 expired and the Developer requested a ten
(10) year extension of Ordinance No. 5332 to permit the recapture of its costs for the Improvements;
and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect, Illinois did adopt Ordinance
No. 6074 entitled "An Ordinance Amending Ordinance No. 5332, 'An Ordinance Prorating The Cost Of Certain
Public Improvements In The Village Of Mount Prospect,' Adopted May 6, 2003, To Confirm, Readopt And
Extend The Term Of Ordinance No. 5332 For An Additional Ten Years From The Adoption Date Of This
Amendment," at the regular Village Board meeting held on May 21, 2013; and
WHEREAS, the second ten (10) year term of Ordinance No. 5332 has expired and the Developer requests an
additional ten (10) year extension of Ordinance No. 5223 to permit the recapture of its costs for the
Improvements.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS ACTING IN THE EXERCISE
OF THEIR HOME RULE POWERS:
SECTION ONE: Ordinance No. 5332 is hereby confirmed, readopted and amended by extending its
term to be ten (10) years from the date of adoption of this Ordinance, or such time as all fees are paid,
whichever comes first.
SECTION TWO: The re -adoption and amendment of Ordinance No. 5332 is intended to permit the
Developer to recapture the costs for the Improvements, $40,333.04, without any interest.
SECTION THREE: That the Developer shall, at its sole cost, record a copy of this Ordinance with
the Cook County Recorder of Deeds.
SECTION FOUR: 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: Dante, Filippone, Gens, Grossi, Matuszak, Saccotelli
NAYS: None
ABSENT: None
5610151
PASSED and APPROVED this 18st day of July, 2023.
Paul Wm. H
Mayor
ATTEST:
Karen M. Agoranos
Village Clerk
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