HomeMy WebLinkAboutRes 18-92 06/02/1992CAF/
6/12/91
RESOLUTION NO. 18-92
A RESOLUTION AUTHORIZING EXECUTION OF
A RESTRICTIVE COVENANT FOR PROPERTY
LOCATED AT 228 AND 230 SOUTH PRAIRIE AVENUE
~MALAPANES SUBDIVISION)
WHEREAS, the Mayor and Board of Trustees of the Village of Mount
Prospect have considered the request of James Malapanes (owner of
the Subject Property) to subdivide property commonly known as 228
and 230 South Prairie Avenue (Malapanes Subdivision), legally
described as follows:
Lots 1 and 2 in Malapanes Subdivision of the North 151
feet of the East Half of the South Half of the West Half
of the Northeast Quarter of the Southeast Quarter of the
Northwest Quarter of section 10, Township 41 North, Range
11, East of the Third Principal Meridian, in Cook County,
Illinois
~nd
WHEREAS, Chapter 16 (Development Code) of the Village Code of Mount
Prospect requires installation of street lights in conjunction with
the subdivision and development of property; and
WHEREAS, in certain instances the installation of public
improvements, including but not limited to street lights, is not
feasible at the time of development, however, in order to guarantee
installation of the requirement public improvements at a future
date the Village will accept Restrictive Covenant executed by the
owner; and
WHEREAS, the Petitioner has submitted a request to waive the
requirement to install street lights in conjunction with th~
development of the Subject Property and has expressed a desire to
execute a Restrictive Covenant guaranteeing installation of the
public improvements at a later date; and
WHEREAS, the Mount Prospect Plan Commission did consider the
request to permit the installation of street lights on Euclid and
River Roads at a future date and the Plan Commission has submitted
its recommendation to the Village Board to authorize a Restrictive
Covenant, which Restrictive Covenant shall be recorded against the
subject property insuring installation of street lights at such
time as the Village deems appropriate; and
WHEREAS, the Mayor and Board of Trustees have determined that the
best interests of the Village would be served by having the
developer enter into a Restrictive Covenant, a copy of which is
attached hereto and hereby made a part hereof as Exhibit "A",
guaranteeing the installation of specified improvements at such a
time as deemed reasonable and proper.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF TRUSTEES
OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That the recitals set forth hereinabove are
incorporated herein as findings of fact by the Mayor and Board of
alapanes Restrictive Covenant
Page 2 of 2
Trustees of the Village of Mount Prospect.
SECTION TWO: That the Mayor and Board of Trustees do hereby
authorize execution of a Restrictive Covenant, a copy of which
Restrictive Covenant is attached hereto and hereby made a part
hereof as Exhibit "A", for property commonly known as 228 and 230
South Prairie Avenue.
SECTION THREE: That the Village Clerk is hereby directed to record
with the Recorder of Deeds or Registrar of Titles, whichever is
applicable, a fully executed copy of the Agreement being the
subject of this Resolution.
SECTION FOUR: That this Resolution shall be in full force and
effect from and after its passage and approval in the manner
provided by law.
AYES: Busse, Clowes, Hoefert, Wilks, Floros
NAYS: None
ABSENT: Corcoran
PASSED and APPROVED this 2nd day of June , 1992.
~arley ·
Mayor //
ATTEST: /
Carol A. Fields
Village Clerk