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HomeMy WebLinkAbout6.3 AN ORDINANCE AUTHORIZING A FIRST AMENDMENT TO THE REDEVELOPMENTFIRST AMENDMENT TO THE REDEVELOPMENT AGREEMENT FOR THE JPMORGAN CHASE BANK DEVELOPMENT COMPRISING A PART OF THE PROSPECT AND MAIN TIF DISTRICT OF THE VILLAGE OF MOUNT PROSPECT, ILLINOIS This "First Amendment To The Redevelopment Agreement For The JPMorgan Chase Bank Development Comprising A Part Of The Prospect And Main TIF District Of The Village Of Mount Prospect, Illinois" (the "First Amendment") is made and entered into as of the day of , 2020 by and between the Village of Mount Prospect, Illinois, an Illinois home rule municipal corporation (the "Village"), MIG of Mount Prospect, LLC, an Illinois limited liability company (the "Owner"), and JPMorgan Chase Bank, National Association, a national banking association (the "Developer"). The Village, the Owner and the Developer are sometimes referred to herein individually as a "Party" and collectively as the "Parties". WITNESSETH: WHEREAS, pursuant to Ordinance No. 6520, adopted July 7, 2020, the Village approved a "Redevelopment Agreement For The JPMorgan Chase Bank Development Comprising A Part Of The Prospect And Main TIF District Of The Village Of Mount Prospect, Illinois", dated July 8, 2020 (the "Redevelopment Agreement") with MIG of Mount Prospect, an Illinois limited liability company (the "Owner") and JPMorgan Chase Bank, National Association, a national banking association (the "Developer"), with said Redevelopment Agreement relating to the property generally located at the Northwest corner of Main Street (Illinois Route 83) and Northwest Highway, and the right-of-way of Evergreen Avenue, immediately East of Maple Avenue; and WHEREAS, the Village, the Owner and the Developer desire to amend certain provisions of the Redevelopment Agreement relative to the date by which the property conveyance transactions, in regard to the Village Parcel and the Corner Feature Parcel, as set forth in the Redevelopment Agreement, are to take place; said Village Parcel and Corner Feature Parcel being legally described in Exhibit 1 and Exhibit 2, respectively, attached hereto and made part hereof; and 455023_1 1 3 WHEREAS, in accordance with the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq., it is in the best interests of the Village, the Owner and the Developer to enter into this First Amendment; NOW, THEREFORE, in consideration of the foregoing, other good and valuable consideration, the receipt and sufficiency of which is acknowledged by the Parties hereto, and the mutual covenants and agreements hereinafter contained, the Parties hereto agree as follows: 1. The Recitals, as set forth above, are incorporated herein by reference. 2. That Section V.E. of the Redevelopment Agreement is hereby amended by revising the reference therein to "December 31, 2020" to read, "March 31, 2021". 3. That all portions of the Redevelopment Agreement, not amended hereby, shall remain in full force and effect. 4. This First Amendment shall be executed simultaneously in three (3) counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same First Amendment. 5. The Parties agree to record this First Amendment with the Cook County Recorder's Office against title to the Development Parcel, as part of the closing in regard to the conveyance of the Village Parcel to the Owner pursuant hereto. The Village, the Owner and the Developer shall equally share the cost of the recording charges. The Owner's and the Developer's rights and obligations in this First Amendment are covenants running with title to the Development Parcel and successor owners of the Development Parcel shall be and are bound by this First Amendment to the same extent as the Owner. 6. This First Amendment shall be deemed dated and become effective on the day on which this First Amendment is executed by the last of the signatories, as set forth below, with said date appearing on page 1 hereof. 455023_1 2 Ell IN WITNESS WHEREOF, the Parties hereto have caused this First Amendment to be executed by their respective authorized representatives, as set forth below. Village of Mount Prospect, an Illinois home rule municipal corporation By: Arlene Juracek, Mayor Date: MIG of Mount Prospect, LLC, an Illinois limited liability company By: Spiro Angelos, Manager Date: JPMorgan Chase Bank, National Association, a national banking association By: Name: Title: Date: 455023_1 3 ATTEST: Karen Agoranos, Village Clerk Date: ATTEST: By: Name: Title: Date: ACKNOWLEDGMENT State of Illinois ) )SS County of Cook ) I, the undersigned, a Notary Public, in and for the County and State aforesaid, DO HEREBY CERTIFY that Arlene Juracek and Karen Agoranos, personally known to me to be the Mayor and Village Clerk of the Village of Mount Prospect, and personally known to me to be the same persons whose names are subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that, as such Mayor and Village Clerk, they signed and delivered the said instrument and caused the corporate seal of said municipal corporation to be affixed thereto, pursuant to authority given by the Board of Trustees of said Illinois home rule municipal corporation, as their free and voluntary act, and as the free and voluntary act and deed of said Illinois home rule municipal corporation, for the uses and purposes therein set forth. 2020. GIVEN under my hand and official seal, this day of Notary Public 455023_1 4 6 ACKNOWLEDGMENT State of Illinois ) )SS County of Cook ) I, the undersigned, a Notary Public, in and for the County and State aforesaid, DO HEREBY CERTIFY that Spiro Angelos, personally known to me to be the Manager of MIG of Mount Prospect, LLC, an Illinois limited liability company, and personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that, as such Manager, he signed and delivered the said Agreement pursuant to authority given by the operating agreement of MIG of Mount Prospect, LLC, as his free and voluntary act, and as the free and voluntary acts and deeds of said limited liability company, for the uses and purposes therein set forth. GIVEN under my hand and official seal, this day of 2020. Notary Public 455023_1 7 ACKNOWLEDGMENT State of Illinois ) )SS County of Cook ) I, the undersigned, a Notary Public, in and for the County and State aforesaid, DO HEREBY CERTIFY that and personally known to me to be the and the of JPMorgan Chase Bank, National Association, a national banking association, and personally known to me to be the same persons whose names are subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that, as such and , they signed and delivered the said Agreement pursuant to authority given by the of JPMorgan Chase Bank, National Association, as their free and voluntary act, and as the free and voluntary acts and deeds of said for the uses and purposes therein set forth. 2020. GIVEN under my hand and official seal, this day of Notary Public 455023_1 6 8 Exhibit 1 Legal Description of the Village Parcel Legal Description: THAT PART OF LOT 1 IN KELJIK'S RESUBDIVISION IN MOUNT PROSPECT, TOGETHER WITH THAT PART OF LOT 9 IN JOHN MEYN'S SUBDIVISION RECORDED FEBRUARY 26, 19311 AS DOCUMENT 10851688, TOGETHER WITH THAT PART OF LOT A IN CORPORATE SUBDIVISION NO. 9, ALL BEING IN THE WEST HALF OF THE NORTHWEST QUARTER OF SECTION 12, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, ALL TAKEN AS ONE TRACT AND DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF SAID LOT 1 IN KELJIK'S RESUBDIVISION; THENCE SOUTH 89 DEGREES 05 MINUTES 29 SECONDS WEST ALONG THE SOUTH LINE OF SAID LOT 1, A DISTANCE OF 49.97 FEET TO THE SOUTHWEST CORNER OF SAID LOT 1, SAID SOUTHWEST CORNER BEING ON THE EAST LINE OF SAID LOT 9 IN JOHN MEYN'S SUBDIVISION; THENCE SOUTH 01 DEGREE 09 MINUTES 10 SECONDS EAST ALONG SAID EAST LINE, 61.19 FEET; THENCE SOUTH 88 DEGREES 50 MINUTES 50 SECONDS WEST, 6.71 FEET; THENCE NORTH 59 DEGREES 23 MINUTES 32 SECONDS WEST, 7.04 FEET; THENCE NORTH 01 DEGREE 09 MINUTES 10 SECONDS WEST, 106.08 FEET; THENCE NORTH 88 DEGREES 50 MINUTES 50 SECONDS EAST, 62.67 FEET TO THE EAST LINE OF SAID LOT 1 IN KELJIK'S RESUBDIVISION; THENCE SOUTH 01 DEGREE 09 MINUTES 10 SECONDS EAST ALONG SAID EAST LINE, 48.80 FEET TO THE POINT OF BEGINNING; IN COOK COUNTY, ILLINOIS. P. I . N .: Pt. 08-12-107-008, Pt. 08-12-107-018 and Pt. 08-12-107-021 Common Address: Part of 108-110 South Main Street, Mount Prospect, Illinois 60056 455023_1 7 9 Exhibit 2 Legal Description of the Corner Feature Parcel Legal Description: THAT PART OF LOT 2 IN KELJIK'S RESUBDIVISION IN MT. PROSPECT, BEING A RESUBDIVISION OF THE EAST 50 FEET OF BLOCK 16 (EXCEPT THE NORTH 59.29 FEET THEREOF) IN MT. PROSPECT, A SUBDIVISION IN THE NORTHWEST 1/4 OF SECTION 12, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF SAID LOT 2; THENCE NORTH 59 DEGREES 23 MINUTES 32 SECONDS WEST ALONG THE SOUTHERLY LINE OF SAID LOT 2, A DISTANCE OF 58.77 FEET TO THE SOUTHWEST CORNER OF SAID LOT 2; THENCE NORTH 01 DEGREE 09 MINUTES 10 SECONDS WEST ALONG THE WEST LINE OF SAID LOT 21 A DISTANCE OF 10.04 FEET; THENCE NORTH 88 DEGREES 50 MINUTES 50 SECONDS EAST, 49.97 FEET TO THE EAST LINE OF SAID LOT 2; THENCE SOUTH 01 DEGREE 09 MINUTES 10 SECONDS EAST ALONG SAID EAST LINE, 40.97 FEET TO THE POINT OF BEGINNING; IN COOK COUNTY, ILLINOIS. P.I.N.: Pt. 08-12-107-019 Common Address: Northwest Corner of Main Street and Northwest Highway, Mount Prospect, Illinois 60056 455023_1 8 10 ORDINANCE NO. AN ORDINANCE AUTHORIZING A FIRST AMENDMENT TO THE REDEVELOPMENT AGREEMENT FOR THE JPMORGAN CHASE BANK DEVELOPMENT COMPRISING A PART OF THE PROSPECT AND MAIN TIF DISTRICT OF THE VILLAGE OF MOUNT PROSPECT, ILLINOIS BE IT ORDAINED, by the Mayor and Board of Trustees of the Village of Mount Prospect, Cook County, Illinois, as follows: SECTION 1: The Mayor and Board of Trustees of the Village find as follows: A. The Village of Mount Prospect (the "Village") is a home rule municipality pursuant to Section 6 of Article VII of the Constitution of the State of Illinois. B. The Village has the authority, pursuant to its home rule powers and the laws of the State of Illinois, including 65 ILCS 5/8-1-2.5, to promote the health, safety and welfare of the Village and its inhabitants, to prevent the presence of blight, to encourage private development in order to enhance the local tax base and increase additional tax revenues realized by the Village, to foster increased economic activity within the Village, to increase employment opportunities within the Village, and to enter into contractual agreements with third parties for the purpose of achieving the aforesaid purposes, and otherwise take action in the best interests of the Village. C. The State of Illinois has adopted tax increment financing pursuant to the Tax Increment Allocation Redevelopment Act, 65 I LCS 5/11-74.4-1, et seq., as amended from time to time (the "TIF Act"). D. Pursuant to its powers and in accordance with the TIF Act, and pursuant to Ordinance Nos. 6293, 6294 and 6295, adopted January 17, 2017, which are incorporated herein by reference, the Prospect and Main Tax Increment Financing District (the "TIF District") was formed as a TIF district, for a twenty-three (23) year period, the redevelopment project area therefor was approved, the redevelopment plan and project therefor was approved, and tax increment financing in relation thereto was approved. E. Pursuant to Ordinance No. 6520, adopted July 7, 2020, the Village approved a "Redevelopment Agreement For The JPMorgan Chase Bank Development Comprising A Part Of The Prospect And Main TIF District Of The Village Of Mount Prospect, Illinois", dated July 8, 2020 (the "Redevelopment Agreement") with MIG of Mount Prospect, an Illinois limited liability company (the "Owner") and JPMorgan Chase Bank, 455009_1 1 11 National Association, a national banking association (the "Developer"), with said Redevelopment Agreement relating to the property generally located at the Northwest corner of Main Street (Illinois Route 83) and Northwest Highway, and the right-of-way of Evergreen Avenue, immediately East of Maple Avenue. F. The Village, the Owner and the Developer desire to amend certain provisions of the Redevelopment Agreement relative to the date by which the property conveyance transactions, in regard to the Village Parcel and the Corner Feature Parcel, as set forth in the Redevelopment Agreement, are to take place; said Village Parcel and Corner Feature Parcel being legally described in Exhibit A and Exhibit B, respectively, attached hereto and made part hereof. G. That, attached hereto as Exhibit C and made part hereof, is a first amendment to the Redevelopment Agreement, between the Owner, the Developer and the Village, which sets forth the revisions necessary to facilitate the changes referenced in subsection F. above (the "First Amendment"). H. That it is in the best interests of the Village to approve the First Amendment, so that redevelopment within the TIF District can continue. SECTION 2: Based upon the foregoing, the First Amendment is hereby approved; the Mayor, Village Clerk and Village Manager, or their designees, be and are hereby authorized and directed to execute the First Amendment and perform the Village's obligations thereunder; and the Mayor, Village Clerk and Village Manager, or their designees, are further authorized and directed to execute and deliver such other instruments, including the First Amendment, as may be necessary or convenient to consummate the Village's obligations as set forth in the Redevelopment Agreement, as amended by the First Amendment. SECTION 3: This Ordinance shall be in full force and effect from and after its passage, approval and publication in pamphlet form as provided by law. ADOPTED this day of follows: AYES: NAYS: ABSENT: 2020, pursuant to a roll call vote as 455009_1 2 12 APPROVED this day of , 2020, by the Mayor of the Village of Mount Prospect, and attested by the Village Clerk, on the same day. Arlene A. Juracek, Mayor APPROVED and FILED in my office this day of , 2020 and published in pamphlet form in the Village of Mount Prospect, Cook County, Illinois. ATTEST: Karen Agoranos, Village Clerk 455009_1 3 13 Exhibit A Legal Description of the Village Parcel Legal Description: THAT PART OF LOT 1 IN KELJIK'S RESUBDIVISION IN MOUNT PROSPECT, TOGETHER WITH THAT PART OF LOT 9 IN JOHN MEYN'S SUBDIVISION RECORDED FEBRUARY 26, 1931) AS DOCUMENT 10851688, TOGETHER WITH THAT PART OF LOT A IN CORPORATE SUBDIVISION NO. 9, ALL BEING IN THE WEST HALF OF THE NORTHWEST QUARTER OF SECTION 12, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, ALL TAKEN AS ONE TRACT AND DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF SAID LOT 1 IN KELJIK'S RESUBDIVISION; THENCE SOUTH 89 DEGREES 05 MINUTES 29 SECONDS WEST ALONG THE SOUTH LINE OF SAID LOT 1, A DISTANCE OF 49.97 FEET TO THE SOUTHWEST CORNER OF SAID LOT 1, SAID SOUTHWEST CORNER BEING ON THE EAST LINE OF SAID LOT 9 IN JOHN MEYN'S SUBDIVISION; THENCE SOUTH 01 DEGREE 09 MINUTES 10 SECONDS EAST ALONG SAID EAST LINE, 61.19 FEET; THENCE SOUTH 88 DEGREES 50 MINUTES 50 SECONDS WEST, 6.71 FEET; THENCE NORTH 59 DEGREES 23 MINUTES 32 SECONDS WEST, 7.04 FEET; THENCE NORTH 01 DEGREE 09 MINUTES 10 SECONDS WEST, 106.08 FEET; THENCE NORTH 88 DEGREES 50 MINUTES 50 SECONDS EAST, 62.67 FEET TO THE EAST LINE OF SAID LOT 1 IN KELJIK'S RESUBDIVISION; THENCE SOUTH 01 DEGREE 09 MINUTES 10 SECONDS EAST ALONG SAID EAST LINE, 48.80 FEET TO THE POINT OF BEGINNING; IN COOK COUNTY, ILLINOIS. P. I . N .: Pt. 08-12-107-0081 Pt. 08-12-107-018 and Pt. 08-12-107-021 Common Address: Part of 108-110 South Main Street, Mount Prospect, Illinois 60056 455009_1 4 14 Exhibit B Legal Description of the Corner Feature Parcel Legal Description: THAT PART OF LOT 2 IN KELJIK'S RESUBDIVISION IN MT. PROSPECT, BEING A RESUBDIVISION OF THE EAST 50 FEET OF BLOCK 16 (EXCEPT THE NORTH 59.29 FEET THEREOF) IN MT. PROSPECT, A SUBDIVISION IN THE NORTHWEST 1/4 OF SECTION 12, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF SAID LOT 2; THENCE NORTH 59 DEGREES 23 MINUTES 32 SECONDS WEST ALONG THE SOUTHERLY LINE OF SAID LOT 2, A DISTANCE OF 58.77 FEET TO THE SOUTHWEST CORNER OF SAID LOT 2; THENCE NORTH 01 DEGREE 09 MINUTES 10 SECONDS WEST ALONG THE WEST LINE OF SAID LOT 21 A DISTANCE OF 10.04 FEET; THENCE NORTH 88 DEGREES 50 MINUTES 50 SECONDS EAST, 49.97 FEET TO THE EAST LINE OF SAID LOT 2; THENCE SOUTH 01 DEGREE 09 MINUTES 10 SECONDS EAST ALONG SAID EAST LINE, 40.97 FEET TO THE POINT OF BEGINNING; IN COOK COUNTY, ILLINOIS. P.I.N.: Pt. 08-12-107-019 Common Address: Northwest Corner of Main Street and Northwest Highway, Mount Prospect, Illinois 60056 455009_1 5 15 Exhibit C First Amendment to the Redevelopment Agreement (attached) 455009_1 6 16 FIRST AMENDMENT TO THE REDEVELOPMENT AGREEMENT FOR THE JPMORGAN CHASE BANK DEVELOPMENT COMPRISING A PART OF THE PROSPECT AND MAIN TIF DISTRICT OF THE VILLAGE OF MOUNT PROSPECT, ILLINOIS This "First Amendment To The Redevelopment Agreement For The JPMorgan Chase Bank Development Comprising A Part Of The Prospect And Main TIF District Of The Village Of Mount Prospect, Illinois" (the "First Amendment") is made and entered into as of the day of , 2020 by and between the Village of Mount Prospect, Illinois, an Illinois home rule municipal corporation (the "Village"), MIG of Mount Prospect, LLC, an Illinois limited liability company (the "Owner"), and JPMorgan Chase Bank, National Association, a national banking association (the "Developer"). The Village, the Owner and the Developer are sometimes referred to herein individually as a "Party" and collectively as the "Parties". WITNESSETH: WHEREAS, pursuant to Ordinance No. 6520, adopted July 7, 2020, the Village approved a "Redevelopment Agreement For The JPMorgan Chase Bank Development Comprising A Part Of The Prospect And Main TIF District Of The Village Of Mount Prospect, Illinois", dated July 8, 2020 (the "Redevelopment Agreement") with MIG of Mount Prospect, an Illinois limited liability company (the "Owner") and JPMorgan Chase Bank, National Association, a national banking association (the "Developer"), with said Redevelopment Agreement relating to the property generally located at the Northwest corner of Main Street (Illinois Route 83) and Northwest Highway, and the right-of-way of Evergreen Avenue, immediately East of Maple Avenue; and WHEREAS, the Village, the Owner and the Developer desire to amend certain provisions of the Redevelopment Agreement relative to the date by which the property conveyance transactions, in regard to the Village Parcel and the Corner Feature Parcel, as set forth in the Redevelopment Agreement, are to take place; said Village Parcel and Corner Feature Parcel being legally described in Exhibit 1 and Exhibit 2, respectively, attached hereto and made part hereof; and 455009_1 7 17 WHEREAS, in accordance with the Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1 et seq., it is in the best interests of the Village, the Owner and the Developer to enter into this First Amendment; NOW, THEREFORE, in consideration of the foregoing, other good and valuable consideration, the receipt and sufficiency of which is acknowledged by the Parties hereto, and the mutual covenants and agreements hereinafter contained, the Parties hereto agree as follows: 1. The Recitals, as set forth above, are incorporated herein by reference. 2. That Section V.E. of the Redevelopment Agreement is hereby amended by revising the reference therein to "December 31, 2020" to read, "March 31, 2021". 3. That all portions of the Redevelopment Agreement, not amended hereby, shall remain in full force and effect. 4. This First Amendment shall be executed simultaneously in three (3) counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same First Amendment. 5. The Parties agree to record this First Amendment with the Cook County Recorder's Office against title to the Development Parcel, as part of the closing in regard to the conveyance of the Village Parcel to the Owner pursuant hereto. The Village, the Owner and the Developer shall equally share the cost of the recording charges. The Owner's and the Developer's rights and obligations in this First Amendment are covenants running with title to the Development Parcel and successor owners of the Development Parcel shall be and are bound by this First Amendment to the same extent as the Owner. 6. This First Amendment shall be deemed dated and become effective on the day on which this First Amendment is executed by the last of the signatories, as set forth below, with said date appearing on page 1 hereof. 455009_1 8 18 IN WITNESS WHEREOF, the Parties hereto have caused this First Amendment to be executed by their respective authorized representatives, as set forth below. Village of Mount Prospect, an Illinois home rule municipal corporation By: Arlene Juracek, Mayor Date: MIG of Mount Prospect, LLC, an Illinois limited liability company By: Spiro Angelos, Manager Date: JPMorgan Chase Bank, National Association, a national banking association By: Name: Title: Date: ATTEST: Karen Agoranos, Village Clerk Date: ATTEST: By: Name: Title: Date: 455009_1 9 19 ACKNOWLEDGMENT State of Illinois ) )SS County of Cook ) I, the undersigned, a Notary Public, in and for the County and State aforesaid, DO HEREBY CERTIFY that Arlene Juracek and Karen Agoranos, personally known to me to be the Mayor and Village Clerk of the Village of Mount Prospect, and personally known to me to be the same persons whose names are subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that, as such Mayor and Village Clerk, they signed and delivered the said instrument and caused the corporate seal of said municipal corporation to be affixed thereto, pursuant to authority given by the Board of Trustees of said Illinois home rule municipal corporation, as their free and voluntary act, and as the free and voluntary act and deed of said Illinois home rule municipal corporation, for the uses and purposes therein set forth. 2020. GIVEN under my hand and official seal, this day of Notary Public 455009_1 10 20 ACKNOWLEDGMENT State of Illinois ) )SS County of Cook ) I, the undersigned, a Notary Public, in and for the County and State aforesaid, DO HEREBY CERTIFY that Spiro Angelos, personally known to me to be the Manager of MIG of Mount Prospect, LLC, an Illinois limited liability company, and personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that, as such Manager, he signed and delivered the said Agreement pursuant to authority given by the operating agreement of MIG of Mount Prospect, LLC, as his free and voluntary act, and as the free and voluntary acts and deeds of said limited liability company, for the uses and purposes therein set forth. 2020. GIVEN under my hand and official seal, this day of Notary Public 455009_1 11 21 ACKNOWLEDGMENT State of Illinois ) )SS County of Cook ) I, the undersigned, a Notary Public, in and for the County and State aforesaid, DO HEREBY CERTIFY that and personally known to me to be the and the of JPMorgan Chase Bank, National Association, a national banking association, and personally known to me to be the same persons whose names are subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that, as such and , they signed and delivered the said Agreement pursuant to authority given by the of JPMorgan Chase Bank, National Association, as their free and voluntary act, and as the free and voluntary acts and deeds of said for the uses and purposes therein set forth. 2020. GIVEN under my hand and official seal, this day of Notary Public 455009_1 12 22 Exhibit 1 Legal Description of the Village Parcel Legal Description: THAT PART OF LOT 1 IN KELJIK'S RESUBDIVISION IN MOUNT PROSPECT, TOGETHER WITH THAT PART OF LOT 9 IN JOHN MEYN'S SUBDIVISION RECORDED FEBRUARY 26, 19311 AS DOCUMENT 10851688, TOGETHER WITH THAT PART OF LOT A IN CORPORATE SUBDIVISION NO. 9, ALL BEING IN THE WEST HALF OF THE NORTHWEST QUARTER OF SECTION 12, TOWNSHIP 41 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, ALL TAKEN AS ONE TRACT AND DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF SAID LOT 1 IN KELJIK'S RESUBDIVISION; THENCE SOUTH 89 DEGREES 05 MINUTES 29 SECONDS WEST ALONG THE SOUTH LINE OF SAID LOT 1, A DISTANCE OF 49.97 FEET TO THE SOUTHWEST CORNER OF SAID LOT 1, SAID SOUTHWEST CORNER BEING ON THE EAST LINE OF SAID LOT 9 IN JOHN MEYN'S SUBDIVISION; THENCE SOUTH 01 DEGREE 09 MINUTES 10 SECONDS EAST ALONG SAID EAST LINE, 61.19 FEET; THENCE SOUTH 88 DEGREES 50 MINUTES 50 SECONDS WEST, 6.71 FEET; THENCE NORTH 59 DEGREES 23 MINUTES 32 SECONDS WEST, 7.04 FEET; THENCE NORTH 01 DEGREE 09 MINUTES 10 SECONDS WEST, 106.08 FEET; THENCE NORTH 88 DEGREES 50 MINUTES 50 SECONDS EAST, 62.67 FEET TO THE EAST LINE OF SAID LOT 1 IN KELJIK'S RESUBDIVISION; THENCE SOUTH 01 DEGREE 09 MINUTES 10 SECONDS EAST ALONG SAID EAST LINE, 48.80 FEET TO THE POINT OF BEGINNING; IN COOK COUNTY, ILLINOIS. P. I . N .: Pt. 08-12-107-008, Pt. 08-12-107-018 and Pt. 08-12-107-021 Common Address: Part of 108-110 South Main Street, Mount Prospect, Illinois 60056 455009_1 13 23 Exhibit 2 Legal Description of the Corner Feature Parcel Legal Description: THAT PART OF LOT 2 IN KELJIK'S RESUBDIVISION IN MT. PROSPECT, BEING A RESUBDIVISION OF THE EAST 50 FEET OF BLOCK 16 (EXCEPT THE NORTH 59.29 FEET THEREOF) IN MT. PROSPECT, A SUBDIVISION IN THE NORTHWEST 1/4 OF SECTION 12, TOWNSHIP 41 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF SAID LOT 2; THENCE NORTH 59 DEGREES 23 MINUTES 32 SECONDS WEST ALONG THE SOUTHERLY LINE OF SAID LOT 25 A DISTANCE OF 58.77 FEET TO THE SOUTHWEST CORNER OF SAID LOT 2; THENCE NORTH 01 DEGREE 09 MINUTES 10 SECONDS WEST ALONG THE WEST LINE OF SAID LOT 21 A DISTANCE OF 10.04 FEET; THENCE NORTH 88 DEGREES 50 MINUTES 50 SECONDS EAST, 49.97 FEET TO THE EAST LINE OF SAID LOT 2; THENCE SOUTH 01 DEGREE 09 MINUTES 10 SECONDS EAST ALONG SAID EAST LINE, 40.97 FEET TO THE POINT OF BEGINNING; IN COOK COUNTY, ILLINOIS. P.I.N.: Pt. 08-12-107-019 Common Address: Northwest Corner of Main Street and Northwest Highway, Mount Prospect, Illinois 60056 455009_1 14 24