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HomeMy WebLinkAboutRes 28-25 09/16/2025 Approving An Easement Agreement Between The Village Of Mount Prospect And 3401 Busse, LLC For The Installation And Maintenance Of A Village Gateway SignPrepared by: John A. Wall Klein Thorpe & Jenkins, Ltd. 120 S. LaSalle St. Suite 1710 Chicago, Illinois 60602 Mail to: Klein Thorpe & Jenkins, Ltd. 120 S. LaSalle St. Suite 1710 Chicago, Illinois 60602 Recorded on behalf of: Village of Mount Prospect Record against: PIN: 08-23-300-055-0000 227907024 ����� Doc# 2527907014 Fee $133.00 ILRHSP FEE:$18.00 RPRF FEE:$1.00 Monica Gordon Cook County Clerk's Office Date: 10/6/2025 11:26 AM PAGE: I of 16 [Above space for Recorder's Office] COOK COUNTY, ILLINOIS RECORDING COVER SHEET FOR RESOLUTION NO. 28-25 A RESOLUTION APPROVING AN EASEMENT AGREEMENT BETWEEN THE VILLAGE OF MOUNT PROSPECT AND 3401 BUSSE, LLC FOR THE INSTALLATION AND MAINTENANCE OF A VILLAGE GATEWAY SIGN Address: 3401 S. Busse Road, Mount Prospect, IL 60056 Cook County Assigned Address: 3229 Busse Road, Elk Grove Village, IL 60005 Property Index Number: 08-23-300-055-0000 Easement Area Legally Described As: THAT PART OF LOT 1 IN GARLAND'S LOT 1 RESUBDIVISION BEING A RESUBDIVISION OF PART OF LOT 1 IN GARLAND C. RICHARDSON'S SUBDIVISION OF PART OF THE SOUTHWEST QUARTER OF SECTION 23, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. DISCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF SAID LOT 1, SAID CORNER BEING ALSO A POINT ON THE EASTERLY LINE OF SOUTH BUSSE ROAD, AS MONUMENTED AND OCCUPIED; THENCE NORTH 03 DEGREES 18 MINUTES 45 SECONDS WEST ALONG SAID EASTERLY LINE, 46.03 FEET TO A POINT ON A LINE 46.00 FEET NORTH OF AND PARALLEL WITH THE SOUTH LINE OF SAID LOT 1; THENCE NORTH 88 DEGREES 42 MINUTES 01 SECOND EAST ALONG SAID PARALLEL LINE, 35.23 FEET; THENCE SOUTH 01 DEGREE 17 MINUTES 59 SECONDS EAST, 46.00 FEET TO THE SOUTH LINE OF SAID LOT 1; THENCE SOUTH 88 DEGREES 42 MINUTES 01 SECOND WEST ALONG SAID SOUTH LINE, 33.61 FEET TO THE POINT OF BEGINNING. SAID EASEMENT CONTAINING 1,583 SQUARE FEET, OR 0.036 ACRES, MORE OR LESS. 20051261 RESOLUTION NO. 28-25 A RESOLUTION APPROVING AN EASEMENT AGREEMENT BETWEEN THE VILLAGE OF MOUNT PROSPECT AND 3401 BUSSE, LLC FOR THE INSTALLATION AND MAINTENANCE OF A VILLAGE GATEWAY SIGN 3401 S. Busse Road, Mount Prospect, IL 60056 WHEREAS, the Village of Mount Prospect (the "Village") seeks to enhance community identity and aesthetics through the installation and maintenance of a Village Gateway Sign and related improvements (the "Gateway Sign" and "Gateway Sign Area"); and WHEREAS, 3401 Busse, LLC ("3401 Busse") is the fee simple owner of certain real property located adjacent to South Busse Road near Interstate 90, legally described in the Easement Agreement; and WHEREAS, 3401 Busse has agreed to grant the Village a perpetual, non-exclusive maintenance easement (the "Easement") on, over, and across a portion of its property to allow for the installation, access, and maintenance of the Gateway Sign and Gateway Sign Area; and WHEREAS, the Parties have negotiated an Easement Agreement (the "Agreement"), a copy of which is attached hereto as Exhibit A, setting forth the terms and conditions of said Easement; and WHEREAS, the corporate authorities of the Village of Mount Prospect find it to be in the best interests of the Village and its residents to enter into and approve the Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS, A HOME RULE MUNICIPALITIY: SECTION ONE: The foregoing recitals are incorporated herein as findings of the President and Board of Trustees. SECTION TWO: The Easement Agreement between the Village of Mount Prospect and 3401 Busse, LLC, substantially in the form attached hereto as Exhibit A, is hereby approved. SECTION THREE: The Village President and Village Clerk are hereby authorized and directed to execute and attest said Easement Agreement on behalf of the Village. SECTION FOUR: Village staff is authorized and directed to take all steps necessary to carry out the terms and purposes of the agreement. AYES: Dante, DiPrima, Gens, Grossi, Matuszak, Saccotelli NAYS: None ABSENT: None PASSED AND APPROVED this 16th day of September, 2025 Paul Wm. Hoefert Village Mayor ATTEST: Karen Agoranos Village Clerk EASEMENT AGREEMENT Mount Prospect Gateway Signage Easement (Village of Mount Prospect and 3401 Busse, LLC) This EASEMENT AGREEMENT ("Agreement"), entered into this 25 day of SWkMJjce-, 2025 between 3401 Busse, LLC, an Illinois limited liability company ("3401 Busse") and the Village of Mount Prospect (the "Village"), provides for a perpetual, maintenance easement located on, across and over real property owned by 3401 Busse for the installation and maintenance of a Village Gateway Sign ("Gateway Sign") along with an area immediately surrounding the Gateway Sign that may include signage, planters, plants, decorations and lighting ("Gateway Sign Area") by the Village within the Easement Area described below, and under the terms and conditions set forth in this Agreement. The maintenance easement is referred to as the "Easement". (The Village and 3401 Busse are at times referred to herein individually as a "Party" and collectively as the "Parties".) NOW, THEREFORE, in consideration of the commitments, obligations and mutual covenants contained herein and other good and adequate consideration, the sufficiency of which is acknowledged, the Village and 3401 Busse agree as follows: EASEMENT TERMS 1. Project. The Village seeks to install a Gateway Sign along with the Gateway Sign Area, to be installed and maintained by the Village within the Easement Area (the "Project"). The area of land that comprises the Easement is legally defined below and is at times referred to as the "Easement Area", as shown in the Plat of Easement as prepared by Terra Engineering Ltd. and dated July 1, 2025, a copy of which is attached hereto to as Exhibit "A" and made a part hereof. The purpose of the Project is to install and maintain a sign and an immediately surrounding area that provides attractive and welcoming greetings to the Village. 2. Easement Area Legal, Description. 3401 Busse is the fee simple owner of certain real property which is located adjacent to South Busse Road near Interstate 90 and is legally described as follows THAT PART OF LOT 1 IN GARLAND'S LOT 1 RESUBDIVISION BEING A RESUBDIVISION OF PART OF LOT 1 IN GARLAND C. RICHARDSON'S SUBDIVISION OF PART OF THE SOUTHWEST QUARTER OF SECTION 23, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. DISCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF SAID LOT 1, SAID CORNER BEING ALSO A POINT ON THE EASTERLY LINE OF SOUTH BUSSE ROAD, AS MONUMENTED AND OCCUPIED; THENCE NORTH 03 DEGREES 18 MINUTES 45 SECONDS WEST ALONG SAID EASTERLY LINE, 46.03 FEET TO A POINT ON A LINE 46.00 FEET NORTH OF AND PARALLEL WITH THE SOUTH LINE OF SAID LOT 1; THENCE NORTH 88 DEGREES 42 MINUTES 01 SECOND EAST ALONG SAID PARALLEL LINE, 35.23 FEET; THENCE SOUTH 01 DEGREE 17 MINUTES 59 SECONDS EAST, 46.00 FEET TO THE SOUTH LINE OF SAID LOT 1; THENCE SOUTH 88 DEGREES 42 MINUTES 01 SECOND WEST ALONG SAID SOUTH LINE, 33.61 FEET TO THE POINT OF BEGINNING. SAID EASEMENT CONTAINING 1,583 SQUARE FEET, OR 0.036 ACRES, MORE OR LESS. 3. Authority. The Village represents and warrants to 3401 Busse, as a material inducement for 3401 Busse entering into this Agreement, that the Village has the full and unconditional authority to enter into this Agreement. 3401 Busse represents and warrants to the Village, as a material inducement for the Village entering 2058593_1 into this Agreement, that 3401 Busse has the full and unconditional authority to enter into this Agreement. 4. Easement Grant„ 3401 Busse grants to the Village the Easement and all of the easement rights and obligations set forth in this Agreement for the installation and maintenance of the Gateway Sign and the Gateway Sign Area for the benefit of both the Village and the general public. 3401 Busse and the Village agree to comply with the terms of this Agreement. A. Easement. 3401 Busse, for itself and its successors and assigns, conveys and grants to the Village, its successors and assigns a perpetual non-exclusive easement over, across and on the Easement Area for the installation and maintenance of the Gateway Sign and the Gateway Sign Area by the Village or the Village's agents or representatives in accordance with the terms of this Agreement. This Easement and other rights conferred to the Village by this Agreement are intended to, and do, constitute covenants that run with the land and shall inure to the benefit of and be binding upon the Parties and their respective successors and assigns. Regarding the Easement and the permanent easement rights granted by 3401 Busse to the Village, the Parties further agree as follows: 1) All rights, title and interest in and to the Easement, which may be used and enjoyed without materially interfering with the rights conveyed by this Agreement to the Village, are reserved to 3401 Busse; provided, however, that 3401 Busse shall not itself, or grant any rights to another person or entity, to use or occupy the Easement Area or install, construct, reconstruct, place, replace, maintain, rehabilitate, operate and/or repair any structures, improvements or other components within the Easement Area, which causes or is likely to cause damage to or interference with the Gateway Sign. If 3401 Busse damages the Gateway Sign or other property belonging to the Village within the Easement Area and fails to repair or restore the Village's property damaged by 3401 Busse within fifteen (15) calendar days after receipt of written notice from the Village, then the Village may utilize its own forces or a third party to repair and restore the property, and 3401 Busse shall pay for all of the reasonable repair and restoration costs incurred by the Village within thirty (30) calendar days after 3401 Busse's receipt of a written demand for payment from the Village. 2) If Village actions related to the installation and/or maintenance of the Gateway Sign and/or the Gateway Sign Area result in damage to 3401 Busse's real or personal property, the Village, at its expense, shall be responsible for the costs to restore, repair or replace such real or personal property to its/their original, existing condition immediately prior to such damage. If the Village fails to repair or restore 3401 Busse's property damaged by the Village within fifteen (15) calendar days after receipt of written notice from 3401 Busse, then 3401 Busse may utilize its own forces or a third party to repair and restore the property, and the Village shall pay for all of the reasonable repair and restoration costs incurred by 3401 Busse within thirty (30) calendar days after the Village's receipt of a written demand for payment from 3401 Busse. 3) Notwithstanding the foregoing, the rights and Easement granted to the Village under this Agreement are subject to those rights granted to others prior to the date of this Agreement, whether such rights are of record, or exist as a result of prior or continued use, including without limitation the rights of any utilities and utility providers to use and access of the Easement Area. B. Access to Easement. The Village and its officials, employees, agents, consultants and contractors shall be permitted to access the Easement on an as -needed basis for purposes of maintaining, 2058593_„1 repairing and/or replacing the Gateway Sign and/or the Gateway Sign Area as necessary. In accessing the Easement, the Village and its employees, agents, consultants and contractors shall not block 3401 Busse's access to its property or interfere with its activities and operations. C. Maintenance of the Gateway i n and the Gateway Sign Area. Maintenance of the Gateway Sign and any landscaping of the Gateway Sign Area shall be the Village's exclusive responsibility. D. Restoration ITITo1 Pro .ty...Due_to Construction or Maintenance of the 0 1q�M_5 The Village shall be responsible for restoring 3401 Busse property damaged during the Gateway Sign installation or maintenance of the Gateway Sign or the Gateway Sign Area, including any grass and landscaping on 3401 Busse's property. 5. No Charge for Easement. 3401 Busse agrees to not charge the Village an easement fee for the Easement granted to the Village under this Agreement. 6. No Other Obligations. Except as specifically provided in this Agreement, no Party shall have any other obligation to the other Party. 7. Villa e's Use of the Easement. The following general conditions shall apply to the Village's use of the Easement: A. No Conflict with 3401 Busse's Uses. The Village's use of the Easement shall be conducted in a manner that does not conflict or interfere with 3401 Busse's current operations in the area surrounding the Easement or with any utilities running through or under the Easement Area. B. No Liens. The Village agrees to not cause or permit any lien (including, without limitation, any mechanic's lien) or claim for lien to be filed or asserted against 3401 Busse or the Easement or any interest therein, whether such lien or claim for lien results from or arises out of any act or omission of the Village or its officials, employees, agents and contractors. In the event any such lien or claim for lien is issued or filed, the Village, at its cost, will immediately remedy and obtain a release of the lien or claim, and, if necessary, shall file the release of lien or claim with the Cook County Clerk's Office C. Access. Except in the event of an emergency, the Village shall provide 3401 Busse with at least seven (7) calendar days prior written notice of the dates and times it intends to perform any work associated with the Gateway Sign or the Gateway Sign Area. In addition, the Village shall be responsible for: (1) ensuring that any work it conducts associated with this Agreement does not infringe on or interrupt Builder's Asphalt activities (unless provided for by this Agreement); and (11) taking all appropriate safety measures, that might be needed to ensure that 3401 Busse personnel are not at an increased risk for injury because of any work associated with the Gateway Sign. D. Parking. During the installation of the Gateway Sign and the maintenance of the Gateway Sign and the Gateway Sign Area, the Village and its representatives and contractors may be allowed to temporarily park in an area on 3401 Busse's property that is mutually agreed upon by the Parties and does not impair 3401 Busse's access to its property or interfere with 3401 Busse's activities and operations, or the access, activities and operations of any tenant of the property. 2058593_,1 E. Acceplanqg.pfEasement. The Village accepts the grant of the Easement and all the easement rights and obligations set forth in this Agreement and agrees to comply with the terms of this Agreement. F. Term of Easement Agrreeg1!;L t. The term of this Agreement shall continue until the Parties mutually agree in writing to terminate this Agreement. 8. Irodeni nification. The Parties agree as follows: A. Villa e..0 li - bons. The Village agrees to indemnify, defend and hold harmless 3401 Busse and its officials, employees, agents, volunteers, attorneys, contractors, tenants, successors and assigns (collectively the "3401 Busse Affiliates") from and against all claims, demands, liabilities, losses, judgments, settlements, administrative and litigation costs and expenses (including reasonable attorneys' fees) (collectively, "Claims") which arise or in any manner relate to the Gateway Sign, its installation and its maintenance, and to the Gateway Sign Area, except to the extent any Claims are attributable to 3401 Busse's or the 3401 Busse's Affiliates' willful acts or intentional misconduct. B. 34 1 Busse' )b. lig tions. 3401 Busse agrees to indemnify and hold harmless the Village and its officials, employees, agents, volunteers, attorneys, contractors, successors and assigns (collectively the "Village Affiliates") from and against all Claims which arise or in any manner relate to the Gateway Sign or the Gateway Sign Area to the extent resulting from 3401 Busse's or the 3401 Busse's Affiliates' willful acts or intentional misconduct. 9. Insurance. During the term of this Agreement and before commencing any work within the Easement, the Village agrees to procure and maintain, and to require its contractors to purchase and maintain, a policy or policies of insurance, as follows: 1) Commercial General Liability (CGL) covering all contractors, subcontractors and all their subcontractors, with limits not less than One Million Dollars ($1,000,000) per occurrence and Two Million Dollars ($2,000,000) in the aggregate, covering liability for bodily injury and property damage. 3401 Busse, LLC, 3401 Busse Affiliates, Builders Asphalt, LLC, and Builders Paving, LLC shall be added as Additional Insureds on the Village's CGL policy and on the CGL policies of insurance of the Village's contractors. Excess or umbrella coverage may be obtained to meet the minimum insurance coverage levels of this subsection. 2) Workers' Compensation Insurance with Illinois statutory limits. 3) Notification o1MParties' Insurers,• Additional Insured Status. At 3401 Busse's request, the Village shall provide copies of certificate(s) of insurance, insurance policies and endorsements issued by its insurer(s) showing annual premiums paid in full that conform to its obligations in this Agreement. Copies of the certificates of insurance and endorsements, and any annual renewals of such certificates and endorsements (if applicable), for the Village shall be delivered to 3401 Busse upon written request by 3401 Busse, and such certificates of insurance and endorsements shall be incorporated by reference into this Agreement and made a part thereof. The Village shall also provide copies of its contractorsinsurance certificates to 3401 Busse prior to any of the Village's contractors performing any work within or accessing the Easement Area. D. Insurance Coverage. Each Village insurance policy required by this Agreement must be endorsed to state that coverage will not be suspended, voided, cancelled or reduced in coverage 20585931 or in limits except after ten (10) calendar days prior written notice to 3401 Busse by certified mail, return receipt requested. The Village agrees to not allow its insurance coverage to lapse or to be suspended, voided, cancelled or reduced, and further agrees to take immediate action to secure replacement insurance. 10. Reporting. In the event of a claim, demand, lawsuit or other action filed against either Party and/or its officials, employees, agents, attorneys and volunteers relating to any matter covered by this Agreement, the Party shall immediately notify, in writing, the other Party. Any failure to comply with reporting provisions of any policy by a Party shall not affect coverage and the indemnification and defense obligations under this Agreement. 11. Assignment. This Agreement, and the rights and obligations of the Parties set forth in this Agreement, shall be binding upon and inure to the benefit of the Parties and their respective successors, personal representatives and assigns, subject to prior written notice to the other Party and written confirmation from the assignee that he/she/it assumes all of the obligations of its assignor under this Agreement. 12. Entire Agreement. The terms, exhibits and addenda, if any, herein contain the entire agreement between 3401 Busse and the Village regarding the subject matter hereof and fully supersedes all prior written or oral agreements and understandings between the Parties pertaining to such subject matter. 13. Exhibits. True and correct copies of the below Exhibit is incorporated herein and made a part of this Agreement and are identified as follows: E bibit "A'': The Plat of Easement as prepared by Terra Engineering, Ltd. dated July 1, 2025 (attached). Exhibit "B": Certificates of Insurance IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date of the last signatory below, which date shall be inserted on page 1 of this Agreement. 3401 BUSSE, LLC Dated: ` 2025. VILLAGE OF MOUNT PROSPECT By:_..._ Paul Wm. 11 efert Village President Dated: km be/-26-12025 20585931 STATE OF ILLINOIS )SS COUNTY OF COOK CERTIFICATION - 3401 BUSSE, LLC 1, the undersigned, a Notary Public, in and for the County and State aforesaid, CERTIFY that the above - named' personally known to rrie to be the -0' , n --u . . ..... of 3401 Busse, LLC, and also known to me to be the same person whose name is subscribed to the foregoing Agreement, appeared before me this day in person and severally acknowledged that, lie signed and delivered the Agreement, pursuant to authority given by 3401 Busse, LLC, as his free and voluntary act, and as the free and voluntary act and deed of 3401 Busse, LLC for the uses and purposes therein set forth. GIVEN under my hand and Notary Seal, this Ll +h 2025. , day of —'5q&'Lffibff- K-t=ary Public OFFICIAL SEAL KIM M GALLO Notary Public, State of Illinois Commission No. 977577 MYy Commission Expires September 6, 2027 20585931 STATE OF ILLINOIS ) ) SS COUNTY OF COOK ) CERTIFICATION — VILLAGE OF MOUNT PROSPECT PRESIDENT I, the undersigned, a Notary Public, in and for the County and State aforesaid, CERTIFY that the above - named Paul Wm. Hoefert, personally known to me to be the Village President of the Village of Mount Prospect, and also known to me to be the same person whose name is subscribed to the foregoing Agreement as such Village President, appeared before me this day in person and severally acknowledged that, as such Village President, he signed and delivered the signed Agreement, pursuant to authority given by the corporate authorities of the Village of Mount Prospect, and as his free and voluntary act, and as the free and voluntary act and deed of the corporate authorities of the Village of Mount Prospect, for the uses and purposes therein set forth. GIVEN under my hand and Notary Seal, this 24 day of Je w e! , 2024, *Xt,,, t' Public OFFICIAL SEAL KIM M GALLO Notary Public, Stale of Illinois Commission No. 977577 M Commission Expires September 6, 2027 2058593,..1 Exhibit "A" Plat of Easement as prepared by Terra Engineering, Ltd. and dated July 1, 2025 (attached) 2058593_1 TOTAL HOLDING DETAIL (N.T.S.) PLAT OF EASEMENT LOT I pis E, L X-:; LOF I tt 0 is ow, DID 0`11 265 01 Gss.,ml will: l All dialasoca. era gIV,o In loot and ds.iiaal pPA. 1h.-I 2 A' —1 — .. Udall Stale Pki- E,,k Zw,. NA083 (2011 3 Ella.U.. era not . "d .9 tW,. p.j.1 4 Na dislial— vhPU as, salwad I., ecsiv measurement T1,i, veeweyranpng pkB 4 . ..I. alp—liallon .9 1. :11-i- Phhand i.h ... .. d In U. Fla and Dove. 1. 1 ... tikkii .9 vho,i. 0dons. tUffil, Nch .. f..ld .1 InP Hal .1 ffi. Raid .1kV of Ham pall— Ross am based ..ppFld plans ,low ac.a. kino.... Pincanni,Yil ta— WiUsc, PI am its pobli. Ni ., Wilk, ...Pas, PREPARED FOR, e ThWings .1 Mork Pool at Dept. a a of C_ ,,, ,,,,gpoaVit 50 S. Emerson Street Mount P,.cp.d, IL 63056 Me,,,d,, Way, AN F.Vi, Associates 53 W. Jackson Blvd S.K. 550 Chi..g., fi. 60604 TER RA, EN"E R%G UD. 225 "1 01t. 51— TEL U123 — F— FAX ��1'1�2� -.20 LEGAL DESCRIPTION a O T.T -1 F - I . —S kE,,—R ... i -- OF PART OF , , . —a c OF 1NE —Es, Q—. . -'sk. go, a— dEAIWAN, VY cisol, —i I—, ..k— conalksk I SE.. . P. sica, , OF "T ""' ""' 2 NORTH 0 DECREES18 W` 45 """" "S" ALAS SAID "'T"" M' �W FEE" 10 X FO- M 4g.06 -A UNC a ""N —M OF a — ". - — "F OF — 1 1; IE I DECR EES 11 42 DI SV— FAST — PAO � FEE.; _a SO .1 � 17 — SDL'S M... ", — w TO — a, — .1 1; M.E so— . ...a. Q .— .1 sliCass, WFST san V UDZ MS, FEET 10 THE FORT W Kai Silk Coif.. L- sOUVAE —, OF 6.M ACRES, — an UUo. — .XP -- �— ill a, 6k,1thlPill .1 E.—I W th. 1p.. .1 oniial.blas - vfgnag¢ Ps. In la. amvmval OVVlf1q% CERT...r STAW OF -..R I CWNW OF COOK 7., Ih. -- c=e --p-., wean . PC .xis rta1 mc -amm Mi. ® do, .1 1., 20_ k.l." P.H. STATE OF U.a404 c.VFY OF COOK W., . Sg—, L.. sicalsi—Ziaos, D-i, Ano lu- 510. hooky andily hot P."* h—an dial6lod lia ..mpd anik,, UM direct aupeMvkn.1 a 1,11.1a NO—., — S.,Po, Ina pa.hosisa., Sa.1l. —anal 1. 1. rent onsill Minimum Sa—do for Si, Glis, .,&, my kand and md M Chkag, IUfwm, !him gin lay of 1.a, 2025 Tarry E.,;lPaariag, U& PRELIMINARY INDISMO SURVEYOR NO Xu ANN CRANES, IW1-3 T W, -202 LICENSE UPRi 106 Fiaill — P—p..d Jan. 16. 2025 1 1 r 3 MT- PROSPECT GATEWAY SIGNAGE PROJECTN �4-- 3401 S. BUSSE ROAD DF-ON " M1111 F,, iMT- PROSPECTJL AFIROIEI Ic 1 1 of Exhibit "B" Copies of certificate(s) of insurance, insurance policies and endorsements for 3401 Busse, LLC and the Village of Mount Prospect (incorporated by reference) 2058593_1 IVE NTERGORN-NU—NTAL RISK I RMAAUNAGE'.NFENT AGENCY The Risk .11anage7yrent.5ohifion for Local Government Certificate of Covers e Name and Address of Agency Name and Address of Member IRMA Village of Mount Prospect 999 Oakmont Plaza Drive, Suite 3,10 50 S. Emerson Street Westmont, IL 60559 Mount Prospect, IL 60056 (708) 562-0300 . .... ..... . . . ........ . . Scope of Coverage TNs certificate is issued as a matter of information only and confers nonghts upon the recipient_ This certificate does not amend, extend or alter the coverages provided to the member named above IRMA is a joint municipal risk pool established by contracting units of local government pursuant to Article VII, Section 10 of the Illinois Constitution and the Intergovernmental Cooperation Act, 5 Il-CS 2201 et- seq. This is to certify that the member named above is in good standing with the pool and coverages listed below are provided by IRMA to the member named above for the Coverage Term indicated- This coverage is subject to all terms and conditions of the IRMA Bylaws and all terms, provisions and exclusions of the CoversDocuments, and _�ny P. contract.(�, f commercial insurance. _2�p. Each Occurrence �p.. licable Scope of Coverage Coverage Document Coverage Limit Dates . ......... al liabili General Lia&I ity2025IRMA-GL 11 /'1 /2024- Bodily injury and Property ty KI Commercial gener "'— 1,1/1/2025 Damage Combined (occurrence based) 13 Liquor Liability gGeneral Aggregate .......... . .. .... $ .1,000 �000 Auto Liability ❑ Any auto .... . ...... ... . . ........... . . ...... . . . ........ ... Workers' Compensation SP 4067427 11 /1 /2024- Statutory 11 /'1 /2025 . . ........ .... .... .... Employers .. Liability — SP 4067427 11/112024- $1,000,000 'I1i1/2025 First Party'Pii6perty . ....... . Other......................... .. ......... ---------- .......... .............. . . ....... Description of Operations/Locations/Vehicles/SpeciaI Item s .......... Evidence of coverage .. .. for the easement agreement between 3401 Busse, LLC and the Village of Mount Prospect for perpetual maintenance easement of Village Gateway Sign . . ..... ... ... ...... . . ......... Certificate Holder Date Issued, 3401 Busse, LLC Auth d epresentative, Margo Ely 25K'! . . . .... . . ...... . . ......... . . . . . ................ . ....... IT39111"RRMITMIX)�l Swte 3 10 Westinont. IL 60559 708562-0300 fax 708 853 5391 www irmansk org 2058593..1 ENTE RGO N -E R-NN EE.N,rAL 'RISK NUNAGE.NIENTAGFN"CY The Risk 31anagementSolution for Local Government Certificate of Coverage continuation Date.' August 27, 2025 Name and Address of Member: Village of Mount Prospect 50 S. Emerson Street Mount Prospect, IL 60056 Additional Insured sured Status: Certfficate Holder: 3401 Busse, LLC 3401 Busse, LLC, 3401 Busse Affiliates and Builders Asphalt, LLC are named as an additional insured on the general liability, but only with respect to the Village's liability for"bodity, tnjUnj","property darnage" or personal and advertising injury' caused, in whole or in pail, by the \Mlage's acts or omissions or the acts or omission of those acting on the Wage of Mount Prospects. behalf. Additional insured status does not extend to the negligence of the Certificate Holder. The coverage afforded the additional insured only applies to the extent permitted by law, and if the coverage provided to the additional insured is required by contract or agreement, the coverage afforded to the acidifional insured will not be broader than which is required by the contract or agreement to provide to the additional insured, The most we will pay on behalf of the additional insured is the amount of coverage required by the contract or agreement or the limit available under the applicable Limits of Coverage shown in the Declarations, whichever is less. Thiscertificate does not increase the applicable Limits of Coverage shown in the Declarations- 2058593_1