HomeMy WebLinkAboutOrd 3317 03/01/1983 RDINANCE NO. 33.].7
AN ORDINANCE AUTHORIZING THE EXECUTION OF A
RECAPTURE AGREEMENT BETWEEN ROPPOLO BROS.
DEVELOPMENT COMPANY AND THE VILLAGE OF MOUNT
PROSPECT
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
THE lst' DAY OF March ,1983.
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
2nd day of March , 1983.
RDINANCE NO. 3317
AN ORDINANCE AUTHORIZING THE EXECUTION OF A RECAPTURE AGREEMENT
BETWEEN ROPPOLO BROS. DEVELOPMENT COMPANY AND THE
VILLAGE OF MOUNT PROSPECT
WHEREAS, pursuant to Section 8.511 of the Village Code of
the Village of Mount Prospect, the Village has the authority
to enter into certain Recapture Agreements; and
WHEREAS, certain off-site public improvements, water main,
shall be installed by Roppolo Bros. Development Company,
in connection with the development of property commonly known
as 1901-1919 West Golf Road, which off-site water main shall
benefit neighboring properties; and
WHEREAS, the Village of Mount Prospect and Roppolo Bros.
Development Company has agreed that a Recapture Agreement
shall be executed in regard to recouping a portion of the
ost of installation of said off-site water main improvement.
~OW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That the Village President is hereby authorized
to execute and the Village Clerk shall attest her signature on
a Recapture Agreement with Roppolo Bros. Development Company, whic
Recapture Agreement is attached to this Ordinance as Exhibit "A",
for off-site water main improvement, which off-site improvement
shall be in effect for property located west of the property
commonly known as Roppolo's Golf-Grove Condominium~, on the
south side of Golf Road. to the existing water main located on
the north side o~ Golf on Meier Road.
~ECTION TWO: That this Ordinance shall be in full force and
~ffect from and after its passage, approval and publication
in pamphlet form in the manner provided by law.
~YES:
~AYS:
kBSENT:
PASSED and APPROVED this
Arthur, Farley, Richardson,
None
Floros, Muaruskis
Wattenberg
lstday of March , 1983.
ATTEST:
Tillage Clerk
Village President~