Ordinance 2004-49 20040 026251
Filed for Record in
KENDALL CQUNTYY ILLINOIS
PAUL ANDERSON
09-21-2004 At 12:04 um.
ORDINANCE NO. 2004-` 'q ORDINANCE 44.00
AN ORDINANCE ESTABLISHING
UNITED CITY OF YORKVILLE
SPECIAL SERVICE AREA NUMBER 2004-104
CENTRAL GRANDE RESERVE
BE IT ORDAINED BY THE CITY COUNCIL OF THE UNITED CITY OF
YORKVILLE, KENDALL COUNTY, ILLINOIS, AS FOLLOWS:
Section 1. Authorily. The United City of Yorkville (the "C ") is authorized,
pursuant to Article VII, Section 7(6) of the Constitution of the State of Illinois, and pursuant to
the provisions of the Illinois Special Service Area Tax Law, 35 ILCS 200/27-5 et seq. (the
"Act"), to establish special service areas for the provision of special governmental services in
portions of the City and to levy or impose a special tax and to issue bonds for the provision of
such special services.
Section 2. Findings. (a) The question of establishment of the area hereinafter
described as a special service area (the "Special Service Area") was considered by the City
Council of the City pursuant to "An Ordinance Proposing the Establishment of Special Service
Area Number 2004-104 Central Grande Reserve in the United City of Yorkville and Providing
for Other Procedures in Connection Therewith," being Ordinance No. 2004-13, adopted on
February 24, 2004. The establishment of the Area was considered at a public hearing
commenced on March 23, 2004, and finally adjourned on March 23, 2004 (the "Public
Hearing"). The Public Hearing was held pursuant to notice duly published in The Beacon News,
a newspaper of general circulation within the City, on March 8, 2004, which was at least fifteen
(15) days prior to the Public Hearing, and also pursuant to notice by mail addressed to the person
or persons in whose name the general taxes for the last preceding year were paid on each lot,
block, tract or parcel of land lying within the Area. Said notice by mail was given by depositing
said notice in the United States mail not less than ten(10) days prior to the date set for the Public
Hearing. In the event taxes for the last preceding year were not paid, said notice was sent to the
person last listed on the tax rolls prior to that year as the owner of said property. A certificate of
publication of notice and evidence of mailing of notice are attached to this Ordinance as Exhibit
A and Exhibit B, respectively. Said notices conform in all respects to the requirements of the
Act. To comply with City requirements an additional notice of public hearing was published in
the _Kendall County Record, a newspaper of general circulation within the City, on March 11,
2004. A Certificate of Publication of such notice is on file with the City.
(b) At the Public Hearing, all interested persons were given an opportunity to
be heard on the question of the issuance of bonds to finance a part of the cost of engineering, soil
testing and appurtenant work, mass grading and demolition, storm water management facilities,
storm drainage systems and storm sewers, site clearing and tree removal, public water facilities,
sanitary sewer facilities, erosion control measures, roads, streets, curbs, gutters, street lighting,
traffic controls, sidewalks, equestrian paths and related street improvements, and equipment and
materials necessary for the maintenance thereof, public parks, park improvements, bicycle paths,
landscaping, wetland mitigation and tree installation, costs for land and easement acquisitions
011.552460.4
relating to any of the foregoing improvements, required tap-on and related fees for water or
sanitary sewer services and other eligible costs (collectively, the "Improvements"), on the
question of the conditions for participating in the Special Service Area as more particularly set
forth herein, and on the question of the retirement of said bonds as due from time to time by a
levy of a tax on real property within the Area.
(c) After considering the data as presented to the City Council of the City and
at the Public Hearing, the City Council of the City find that it is in the best interests of the City
and of the residents and property owners of the United City of Yorkville Special Service Area
Number 2004-104 Central Grande Reserve that the Special Service Area, as hereinafter
described, be established.
(d) More than 60 days have passed since the final adjournment of the Public
Hearing, and no petition objecting to the creation of the Special Service Area, the levy of the
Special Tax as herein described or the issuance of bonds has been filed with the City Clerk.
(e) The Special Service Area is compact and contiguous as required by the
Act.
(f) An annual special tax based upon a special tax roll levied against each
residential lot and each parcel in the Special Service Area as herein described does not exceed
the tax rate or method proposed in the notice of public hearing referred to herein and such special
tax, taking into account the direct and indirect special service benefits to current and future
owners of property within the Special Service Area, bears a rational relationship between the
amount of tax levied against each lot, block, tract and parcel of land in the Special Service Area
and the special service benefit conferred.
(g) It is in the best interests of the City that the Special Service Area be
created for the financing of the Improvements within the Special Service Area, that the
Improvements be financed by the sale of bonds, and that taxes be levied on real property within
the Special Service Area to retire the bonds and to cover costs and expenses connected with the
financing of the Improvements within the Special Service Area.
(h) It is in the best interests of the United City of Yorkville Special Service
Area Number 2004-104 Central Grande Reserve that the furnishing of the Improvements
proposed be considered for the common interests of the Special Service Area and that the Special
Service Area will benefit specially from the Improvements.
Section 3. United City of Yorkville Special Service Area Number 2004-104 Central
Grande Reserve Established. A special service area to be known and designated as "United City
of Yorkville Special Service Area Number 2004-104 Central Grande Reserve" is hereby
established and shall consist of the contiguous territory legally described in Exhibit C hereto, and
outlined on the map of a portion of the City attached as Exhibit D hereto, which description and
map are by this reference incorporated herein and made a part hereof.
Section 4. Purpose of Area. United City of Yorkville Special Service Area Number
2004-104 Central Grande Reserve is established to provide special services to the Special
Service Area in addition to services provided in the City generally. United City of Yorkville
2
i 1.552460.4
Special Service Area Number 2004-104 Central Grande Reserve is also created so that bonds
may be issued for the purposes aforesaid (the "Bonds"), payable from taxes levied on real
property in the Special Service Area in accordance with the special tax roll established by this
Ordinance. Such taxes shall be levied in addition to all other City taxes so levied, provided no
Bonds shall be issued in excess of the principal amount of$35,000,000 or at an interest rate to
exceed the greater of nine percent (9%) per annum or 125% of the rate for the most recent date
shown in the 20 G.O. Bonds Index of average municipal bond yields as published in the most
recent edition of The Bond Buyer, published in New York,New York, at the time the contract is
made for the sale of the Bonds and the Bonds shall mature within not more than thirty (30) years
from their date.
Section 5. Special Tax Roll for Bond Retirement. In lieu of an ad valorem tax to be
levied and extended for the payment of principal of and interest on any Bonds issued on behalf
of the Special Service Area, a special tax roll shall be established for levying and extending taxes
for the payment of principal of and interest on any Bonds issued for the purposes set forth in
Section 4 hereof and the administration and maintenance of the Special Service Area. The
description of the special tax roll shall be as set forth in and approved by an amendment to this
Ordinance.
Section 6. Supercede Conflicting Ordinance. All ordinances or parts of ordinances in
conflict with the provisions of this ordinance are repealed to the extent of such conflict.
Section 7. Effective Date. This Ordinance shall be in full force and effect from and
after its passage and approval in the manner provided by law.
PASSED BY THE CITY COUNCIL OF THE UNITED CITY OF YORKVILLE,
KENDALL COUNTY, ILLINOIS this September 14, 2004.
VOTING AYE: �,. . -.�,C��•y..,a �1 �=�r.�-�--��
VOTING NAY:
ABSENT:
ABSTAINED:
NOT VOTING:
3
011.552460.4
APPROVED
Mayor
ATTEST:
Y T
Published in pamphlet form , 2004.
4
11.552460.4
Exhibit A
To
Establishing Ordinance
Publisher's Certificate
011.5.52460.4
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"CNC ILAF#V LLC
c/o The Inland Real Estate Group _
PO Box CNC#1746.
Lbard,IL 60148 3. Service T
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t. Article Addressed to:. D. Is delivery address different from item 1? El yes
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Dale Konieek,et al.
.6.321 Walker Road
Yorkville, IL 60560 3. Service Type
Certified Mail ❑Express Mail
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0 Insured Mail 11 C.O.D.
4. Restricted Delivery?(Extra Fee) 0 Yes
2. Article Number -
(Transfer from service laben 7002 2 0 3 0 0002 519 5 0 910
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6880 NORTH FRONTAGE ROAD 4 .f
SUITE 100 a SernceType
BURR RIDGE, IL 60527 i CerUfiedMail a p 'M�I
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-----------------------------B,urtR 9'cg l --------=------=--------------------
City,State, IP+4
E 110.
ll
NOTICE OF HEARING
UNITED CITY OF YORKVILLE
SPECIAL SERVICE AREA NUMBER 2004-104
CENTRAL GRANDE RESERVE
NOTICE IS HEREBY GIVEN that on March 23, 2004 at 7:00 p.m. at the Yorkville City
Hall, 800 Game Farm Road,Yorkville, Illinois, a hearing will be held by the City of Yorkville to
consider forming a special service area, to be called "City of Yorkville Special Service Area
Number 2004-104 Central Grande Reserve," consisting of the territory legally described in
Exhibit 1 to this Notice.
The approximate street location is the area generally depicted on the map of a portion of
the City, which map is attached as Exhibit 2 to this Notice.
The general purpose of the formation of the City of Yorkville Special Service Area
Number 2004-104 Central Grande Reserve is to provide special municipal services to the area
which may include: engineering, soil testing and appurtenant work, mass grading and
demolition, storm water management facilities, storm drainage systems and storm sewers, site
clearing and tree removal, public water facilities, sanitary sewer facilities, erosion control
measures, roads, streets, curbs, gutters, street lighting, traffic controls, sidewalks, equestrian
paths and related street improvements, and equipment and materials necessary for the
maintenance thereof, public parks, park improvements and bicycle paths, landscaping, wetland to any of the
mitigation and tree installation, costs for land and casement
s for water acquisitions
or sanitary sewer ewer services
foregoing improvements, required tap-on and relat ed fees
and other eligible costs.
There will also be considered at the hearing the following alternative methods of
financing improvements within the proposed special service area: (i) the levy of a tax by the
City in the proposed special service area, sufficient to produce revenues to provide special
municipal services to the proposed special service area; the maximum rate of such taxes to be
extended in any year within the proposed special service area which shall not exceed the amount
necessary to produce a maximum annual tax levy of$4,000,000 in accordance with the special
tax roll referred to below, and (ii) the issuance of special tax bonds in an aggregate principal
amount not to exceed $35,000,000 at an interest rate of not to exceed the greater of nine percent
(9%) per annum or 125% of the rate for the most recent date shown in the 20 G.O. Bonds Index
of average municipal bond yields as published in the most recent edition of The Bond Buyer,
published in New York, New York, at the time the contract is made for the sale of the bonds, and
to mature within thirty (30) years from the date of their issuance. The bonds, if issued, shall be
retired by the levy of an annual tax established pursuant to a special tax roll to pay the interest on
such bonds as it falls due and to discharge the principal thereof at maturity and to pay the costs
of administration and maintenance of the special service area, said tax to be levied upon all
taxable property within the proposed special service area.
At the hearing, all interested persons affected by the formation of such special service
area, including all persons owning taxable real estate therein, may file written objections to and
be heard orally regarding the formation of and the boundaries of the special service area, the
issuance of bonds and the levy of taxes affecting the area. The hearing may be adjourned by the
City Council without further notice other than a motion to be entered upon the minutes of its
meeting fixing the time and place of its adjournment.
If a petition signed by at least 51% of the electors residing within the City of Yorkville
Special Service Area Number 2004-104 Central Grande Reserve and by at least 51% of the
owners of record of the land included within the boundaries of the City of Yorkville Special
Service Area Number 2004-104 Central Grande Reserve is filed with the City Clerk of the City
of Yorkville within 60 days following the final adjournment of the public hearing objecting to
the creation of the special service area, the issuance of bonds for the provision of special services
to the area or the levy of taxes affecting the area, no such area may be created and no such bonds
may be issued or taxes levied or imposed.
2
i
Exhibit 1 to Notice
GRANDE RESERVE CENTRAL REGION
THAT PART OF THE SOUTHEAST QUARTER OF SECTION 11, THAT PART
OF SECTION 14, AND THAT PART OF THE NORTH HALF OF SECTION 23,
TOWNSHIP 37 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL
MERIDIAN DESCRIBED AS FOLLOWS:
BEGINNING AT THE INTERSECTION OF THE CENTERLINE OF KENNEDY
ROAD WITH THE SOUTHERLY LINE OF THE BURLINGTON NORTHERN
RAILROAD RIGHT-OF-WAY THROUGH SAID SECTION 14; THENCE NORTH
73 DEGREES 14 MINUTES 21 SECONDS EAST ALONG SAID SOUTHERLY
LINE 1239.61 FEET TO THE NORTH LINE OF THE NORTHWEST QUARTER
OF SAID SECTION 14; THENCE NORTH 88 DEGREES 04 MINUTES 00
SECONDS EAST, ALONG SAID NORTH LINE, 610.29 FEET TO THE
NORTHEAST CORNER OF SAID NORTHWEST QUARTER; THENCE NORTH
87 DEGREES 54 MINUTES 03 SECONDS EAST ALONG THE SOUTH LINE OF
SAID SOUTHEAST QUARTER OF SECTION 11, A DISTANCE OF 1329.33
FEET TO THE WEST LINE OF THE SOUTHEAST QUARTER OF SAID
SOUTHEAST QUARTER; THENCE NORTH 01 DEGREES 21 MINUTES 20
SECONDS WEST ALONG SAID WEST LINE, 511.01 FEET TO SAID
SOUTHERLY LINE OF THE BURLINGTON NORTHERN RAILROAD; THENCE
NORTH 73 DEGREES 14 MINUTES 21 SECONDS EAST, ALONG SAID
SOUTHERLY LINE, 837.66 FEET TO THE CENTERLINE OF MILL ROAD;
THENCE SOUTH 74 DEGREES 18 MINUTES 13 SECONDS EAST ALONG
SAID CENTERLINE 546.02 FEET TO THE EAST LINE OF SAID SOUTHEAST
QUARTER OF SECTION 11; THENCE SOUTH 01 DEGREE 19 MINUTES 08
SECONDS EAST ALONG SAID EAST LINE, 556.17 FEET TO THE
SOUTHEAST CORNER OF SAID SOUTHEAST QUARTER; THENCE SOUTH
01 DEGREE 19 MINUTES 08 SECONDS EAST ALONG THE EAST LINE OF -
THE NORTHEAST QUARTER OF SAID SECTION 14, A DISTANCE OF 1122.0
FEET; THENCE SOUTH 87 DEGREES 45 MINUTES 51 SECONDS WEST,
438.0 FEET TO THE NORTHEAST CORNER OF LYNWOOD SUBDIVISION,
EXTENSION FOUR; THENCE SOUTH 87 DEGREES 45 MINUTES 51
SECONDS WEST, ALONG THE NORTHERLY LINE OF SAID LYNWOOD
SUBDIVISION, EXTENSION FOUR, 1168.80 FEET TO THE NORTHWEST
CORNER THEREOF; THENCE SOUTH 01 DEGREE 46 MINUTES 18
SECONDS EAST, ALONG THE WESTERLY LINE OF LYNWOOD
SUBDIVISION, EXTENSIONS FOUR AND FIVE, 1173.80 FEET TO AN IRON:
STAKE; THENCE SOUTH 01 DEGREE 47 MINUTES 49 SECONDS EAST,
3
ALONG THE WESTERLY LINE OF LYNWOOD SUBDIVISION, EXTENSION
FIVE, 376.25 FEET TO AN IRON STAKE; THENCE SOUTH 02 DEGREES 01
MINUTES 46 SECONDS EAST ALONG THE WESTERLY LINES OF
LYNWOOD SUBDIVISION, EXTENSIONS FIVE AND SIX, 1950.62 FEET TO
AN IRON STAKE; THENCE SOUTH 01 DEGREE 51 MINUTES 08 SECONDS
EAST, ALONG THE WESTERLY LINE OF LYNWOOD SUBDIVISION,
EXTENSION SIX, 879.29 FEET TO THE CENTERLINE OF U. S. ROUTE NO.
34; THENCE SOUTH 45 DEGREES 14 MINUTES 47 SECONDS WEST ALONG
SAID CENTERLINE 878.60 FEET; THENCE NORTH 37 DEGREES 07
MINUTES 26 SECONDS WEST, 2106.30 FEET; THENCE NORTH 47
DEGREES 17 MINUTES 26 SECONDS WEST, 1500.85 FEET TO THE
CENTERLINE OF KENNEDY ROAD AND THE EASTERNMOST CORNER OF
A TRACT DESCRIBED IN A QUIT CLAIM DEED TO GEORGE AND GLENNA
PATTERSON, HUSBAND AND WIFE, RECORDED AS DOCUMENT NO. 72-
375 ON JANUARY 25, 1972; THENCE NORTH 25 DEGREES 56 MINUTES 49
SECONDS EAST ALONG SAID CENTERLINE 236.34 FEET; THENCE
NORTHEASTERLY AND NORTHERLY, A RADIUS OF 800.0 FEET; AN ARC
DISTANCE OF 419.10 FEET; THENCE NORTH 04 DEGREES 04 MINUTES 07
SECONDS WEST ALONG SAID CENTERLINE 531.06 FEET; THENCE NORTH
05 DEGREES 06 MINUTES 07 SECONDS WEST ALONG SAID CENTERLINE
1866.0 FEET TO THE POINT OF BEGINNING IN BRISTOL TOWNSHIP,
KENDALL COUNTY, ILLINOIS AND CONTAINING 372.223 ACRES.
ALSO:
THAT PART OF SECTIONS FOURTEEN (14), FIFTEEN (15) AND TWENTY-
THREE (23), ALL IN TOWNSHIP THIRTY-SEVEN (37) NORTH, RANGE
SEVEN (7) EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS
FOLLOWS:
COMMENCING AT THE SOUTHERLY CORNER OF STRUKEL'S PARADISE
LAKE UNIT NO. 1, (SAID POINT ALSO BEING THE INTERSECTION OF THE
CENTERLINE OF BRISTOL ROAD AND THE CENTERLINE OF KENNEDY
ROAD), AS SHOWN ON THE SUBDIVISION PLAT OF STRUKEL'S PARADISE
LAKE UNIT NO. 1 RECORDED AS DOCUMENT#71-215; THENCE NORTH 60
DEGREES 17 MINUTES 26 SECONDS EAST, 724.86 FEET ALONG THE
CENTERLINE OF KENNEDY ROAD TO THE POINT OF CURVATURE OF A
1094.72 FOOT RADIUS CURVE TO THE LEFT; THENCE NORTHEASTERLY
631.18 FEET ALONG SAID CURVE WHOSE CHORD BEARS NORTH 43
DEGREES 46 MINUTES 24 SECONDS EAST 622.47 FEET TO THE POINT OF
TANGENCY OF SAID CURVE; THENCE NORTH 27 DEGREES 15 MINUTES
21 SECONDS EAST 11.57 FEET ALONG SAID CENTERLINE TO A POINT;
THENCE SOUTH 37 DEGREES 39 MINUTES 00 SECONDS EAST 1776.45
FEET TO A POINT; THENCE SOUTH 52 DEGREES 21 MINUTES 00
SECONDS WEST 1343.89 FEET TO A POINT IN THE CENTERLINE OF
4
BRISTOL ROAD; THENCE NORTH 37 DEGREES 39 MINUTES 00 SECONDS
WEST 1778.85 FEET ALONG SAID CENTERLINE TO THE POINT OF
BEGINNING.
ALSO:
THAT PART OF SECTIONS FOURTEEN (14) AND TWENTY-THREE (23), ALL
IN TOWNSHIP THIRTY-SEVEN (37) NORTH, RANGE SEVEN (7) EAST OF
THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS:
COMMENCING AT THE SOUTHERLY CORNER OF STRUKEL'S PARADISE
LAKE UNIT NO. 1, (SAID POINT ALSO BEING THE INTERSECTION OF THE
CENTERLINE OF BRISTOL ROAD AND THE CENTERLINE OF KENNEDY
ROAD), AS SHOWN ON THE SUBDIVISION PLAT OF STRUKEL'S PARADISE
LAKE UNIT NO. 1, RECORDED AS DOCUMENT #71-215; THENCE SOUTH 37
DEGREES 39 MINUTES 00 SECONDS EAST 1778.85 FEET ALONG THE
CENTERLINE OF BRISTOL ROAD FOR THE POINT OF BEGINNING; THENCE
NORTH 52 DEGREES 21 MINUTES 00 SECONDS EAST 1343.89 FEET TO A
POINT; THENCE SOUTH 37 DEGREES 39 MINUTES 00 SECONDS EAST
1645.23 FEET TO A POINT IN THE CENTERLINE OF ILLINOIS ROUTE 34;
THENCE SOUTH 46 DEGREES 33 MINUTES 17 SECONDS WEST 1350.80
FEET ALONG SAID CENTERLINE OF ILLINOIS ROUTE 34 TO THE
INTERSECTION OF THE CENTERLINE OF BRISTOL ROAD; THENCE NORTH
37 DEGREES 39 MINUTES 00 SECONDS WEST 1781.63 FEET ALONG SAID
CENTERLINE OF BRISTOL ROAD TO THE POINT OF BEGINNING.
ALSO:
THAT PART OF SECTIONS FOURTEEN (14) AND TWENTY-THREE (23), ALL
IN TOWNSHIP THIRTY-SEVEN (37) NORTH, RANGE SEVEN (7) EAST OF
THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS:
COMMENCING AT THE SOUTHERLY CORNER OF STRUKEL'S PARADISE
LAKE UNIT NO. 1, (SAID POINT ALSO BEING THE INTERSECTION OF THE
CENTERLINE OF BRISTOL ROAD AND THE CENTERLINE OF KENNEDY
ROAD), AS SHOWN ON THE SUBDIVISION PLAT OF STRUKEL'S PARADISE
LAKE UNIT NO. 1, RECORDED AS DOCUMENT #71-215; THENCE NORTH 60
DEGREES 17 MINUTES 26 SECONDS EAST 724.86 FEET ALONG THE
CENTERLINE OF KENNEDY ROAD TO THE POINT OF CURVATURE OF A
1094.72 FOOT RADIUS CURVE TO THE LEFT; THENCE NORTHEASTERLY
631.18 FEET ALONG SAID CURVE WHOSE CHORD BEARS NORTH 43
DEGREES 46 MINUTES 24 SECONDS EAST 622.47 FEET TO THE POINT OF
TANGENCY OF SAID CURVE; THENCE NORTH 27 DEGREES 15 MINUTES
21 SECONDS EAST 11.57 FEET ALONG SAID CENTERLINE FOR THE POINT
OF BEGINNING; THENCE CONTINUE NORTH 27 DEGREES 15 MINUTES 21
SECONDS EAST 551.92 FEET ALONG SAID CENTERLINE TO A POINT;
5
THENCE SOUTH 45 DEGREES 56 MINUTES 15 SECONDS EAST 1501.96
FEET ALONG AN EXISTING FENCE LINE TO A POINT; THENCE SOUTH 35
DEGREES 48 MINUTES 56 SECONDS EAST 2104.69 FEET ALONG SAID
FENCE LINE TO A POINT IN THE CENTERLINE OF ILLINOIS ROUTE 34;
THENCE SOUTH 46 DEGREES 33 MINUTES 17 SECONDS WEST 652.28
FEET ALONG SAID CENTERLINE TO A POINT; THENCE NORTH 37
DEGREES 39 MINUTES 00 SECONDS WEST 3421.68 FEET TO THE POINT
OF BEGINNING.
ALSO:
THAT PART OF THE SOUTH HALF OF-SECTION 11 AND PART OF THE
NORTHWEST QUARTER OF SECTION 14, TOWNSHIP 37 NORTH, RANGE 7
EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS:
BEGINNING AT THE SOUTHWEST CORNER OF SECTION 11; THENCE
SOUTH 0 DEGREES 57 MINUTES 0 SECONDS WEST 442 FEET TO THE
NORTH LINE OF THE RIGHT OF WAY OF THE CHICAGO, BURLINGTON
AND QUINCY RAILROAD; THENCE NORTH 75 DEGREES 17 MINUTES 0
SECONDS EAST 1728 FEET ALONG SAID RIGHT OF WAY LINE TO THE
SOUTH LINE OF SECTION 11; THENCE SOUTH 89 DEGREES 53 MINUTES 0
SECONDS EAST 1001.25 FEET ALONG THE SOUTH LINE OF SAID SECTION
11 TO THE SOUTHEAST CORNER OF THE WEST HALF OF SAID SECTION
11; THENCE NORTH 89 DEGREES 54 MINUTES 0 SECONDS EAST 1339.5
FEET ALONG THE SOUTH LINE OF SAID SECTION 11 TO THE SOUTHEAST
CORNER OF THE WEST HALF OF THE SOUTHEAST QUARTER OF SAID
SECTION 11; THENCE NORTH 0 DEGREES 40 MINUTES 0 SECONDS EAST
977.5 FEET TO THE CENTERLINE OF THE HIGHWAY; THENCE NORTH 74
DEGREES 15 MINUTES 0 SECONDS WEST 727.2 FEET ALONG SAID
CENTERLINE; THENCE NORTH 79 DEGREES 10 MINUTES 0 SECONDS
WEST 2877.4 FEET ALONG SAID CENTERLINE TO THE CENTERLINE OF A
NORTH AND SOUTH HIGHWAY; THENCE SOUTH 7 DEGREES 7 MINUTES 0
SECONDS EAST 364.8 FEET ALONG THE CENTER OF SAID NORTH AND
SOUTH HIGHWAY; THENCE NORTH 89 DEGREES 47 MINUTES 0 SECONDS
WEST 503.33 FEET TO THE WEST LINE OF SAID SECTION 11; THENCE
SOUTH 0 DEGREES 52 MINUTES 0 SECONDS WEST ALONG SAID WEST
LINE 1327.6 FEET TO THE POINT OF BEGINNING; EXCEPT THAT PART
LYING NORTHERLY OF THE SOUTHERLY RIGHT OF WAY LINE OF THE
CHICAGO, BURLINGTON AND QUINCY RAILROAD AFORESAID IN THE
TOWNSHIP OF BRISTOL, KENDALL COUNTY, ILLINOIS.
6
exhibit 2 to NOL'Ce
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Exhibit C
To
Establishing Ordinance
Legal Description
n1 i C='ACl1 A
GRANDE RESERVE CENTRAL REGION
THAT PART OF THE SOUTHEAST QUARTER OF SECTION 11, THAT PART
OF SECTION 14, AND THAT PART OF THE NORTH HALF OF SECTION 23,
TOWNSHIP 37 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL
MERIDIAN DESCRIBED AS FOLLOWS:
BEGINNING AT THE INTERSECTION OF THE CENTERLINE OF KENNEDY
ROAD WITH THE SOUTHERLY LINE OF THE BURLINGTON NORTHERN
RAILROAD RIGHT-OF-WAY THROUGH SAID SECTION 14; THENCE NORTH
73 DEGREES 14 MINUTES 21 SECONDS EAST ALONG SAID SOUTHERLY
LINE 1239.61 FEET TO THE NORTH LINE OF THE NORTHWEST QUARTER
OF SAID SECTION 14; THENCE NORTH 88 DEGREES 04 MINUTES 00
SECONDS EAST, ALONG SAID NORTH LINE, 610.29 FEET TO THE
NORTHEAST CORNER OF SAID NORTHWEST QUARTER; THENCE NORTH
87 DEGREES 54 MINUTES 03 SECONDS EAST ALONG THE SOUTH LINE OF
SAID SOUTHEAST QUARTER OF SECTION 11, A DISTANCE OF 1329.33
FEET TO THE WEST LINE OF THE SOUTHEAST QUARTER OF SAID
SOUTHEAST QUARTER; THENCE NORTH 01 DEGREES 21 MINUTES 20
SECONDS WEST ALONG SAID WEST LINE, 511.01 FEET TO SAID
SOUTHERLY LINE OF THE BURLINGTON NORTHERN RAILROAD; THENCE
NORTH 73 DEGREES 14 MINUTES 21 SECONDS EAST, ALONG SAID
SOUTHERLY LINE, 837.66 FEET TO THE CENTERLINE OF MILL ROAD;
THENCE SOUTH 74 DEGREES 18 MINUTES 13 SECONDS EAST ALONG
SAID CENTERLINE 546.02 FEET TO THE EAST LINE OF SAID SOUTHEAST
QUARTER OF SECTION 11; THENCE SOUTH 01 DEGREE 19 MINUTES 08
SECONDS EAST ALONG SAID EAST LINE, 556.17 FEET TO THE
SOUTHEAST CORNER OF SAID SOUTHEAST QUARTER; THENCE SOUTH
01 DEGREE 19 MINUTES 08 SECONDS EAST ALONG THE EAST LINE OF
THE NORTHEAST QUARTER OF SAID SECTION 14, A DISTANCE OF 1122.0
FEET; THENCE SOUTH 87 DEGREES 45 MINUTES 51 SECONDS WEST,
438.0 FEET TO THE NORTHEAST CORNER OF LYNWOOD SUBDIVISION,
EXTENSION FOUR; THENCE SOUTH 87 DEGREES 45 MINUTES 51
SECONDS WEST, ALONG THE NORTHERLY LINE OF SAID LYNWOOD
SUBDIVISION, EXTENSION FOUR, 1168.80 FEET TO THE NORTHWEST
CORNER THEREOF; THENCE SOUTH 01 DEGREE 46 MINUTES 18
SECONDS EAST, ALONG THE WESTERLY LINE OF LYNWOOD
SUBDIVISION, EXTENSIONS FOUR AND FIVE, 1173.80 FEET TO AN IRON
STAKE; THENCE SOUTH 01 DEGREE 47 MINUTES 49 SECONDS EAST,
3
ALONG THE WESTERLY LINE OF LYNWOOD SUBDIVISION, EXTENSION
FIVE, 376.25 FEET TO AN IRON STAKE; THENCE SOUTH 02 DEGREES 01
MINUTES 46 SECONDS EAST ALONG THE WESTERLY LINES OF
LYNWOOD SUBDIVISION, EXTENSIONS FIVE AND SIX, 1950.62 FEET TO
AN IRON STAKE; THENCE SOUTH 01 DEGREE 51 MINUTES 08 SECONDS
EAST, ALONG THE WESTERLY LINE OF LYNWOOD SUBDIVISION,
EXTENSION SIX, 879.29 FEET TO THE CENTERLINE OF U. S. ROUTE NO.
34; THENCE SOUTH 45 DEGREES 14 MINUTES 47 SECONDS WEST ALONG
SAID CENTERLINE 878.60 FEET; THENCE NORTH 37 DEGREES 07
MINUTES 26 SECONDS WEST, 2106.30 FEET; THENCE NORTH 47
DEGREES 17 MINUTES 26 SECONDS WEST, 1500.85 FEET TO THE
CENTERLINE OF KENNEDY ROAD AND THE EASTERNMOST CORNER OF
A TRACT DESCRIBED IN A QUIT CLAIM DEED TO GEORGE AND GLENNA
PATTERSON, HUSBAND AND WIFE, RECORDED AS DOCUMENT NO. 72-
375 ON JANUARY 25, 1972; THENCE NORTH 25 DEGREES 56 MINUTES 49
SECONDS EAST ALONG SAID CENTERLINE 236.34 FEET; THENCE
NORTHEASTERLY AND NORTHERLY, A RADIUS OF 800.0 FEET; AN ARC
DISTANCE OF 419.10 FEET; THENCE NORTH 04 DEGREES 04 MINUTES 07
SECONDS WEST ALONG SAID CENTERLINE 531.06 FEET; THENCE NORTH
05 DEGREES 06 MINUTES 07 SECONDS WEST ALONG SAID CENTERLINE
1866.0 FEET TO THE POINT OF BEGINNING IN BRISTOL TOWNSHIP,
KENDALL COUNTY, ILLINOIS AND CONTAINING 372.223 ACRES.
ALSO:
THAT PART OF SECTIONS FOURTEEN (14), FIFTEEN (15) AND TWENTY-
THREE (23), ALL IN TOWNSHIP THIRTY-SEVEN (37) NORTH, RANGE
SEVEN (7) EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS
FOLLOWS:
COMMENCING AT THE SOUTHERLY CORNER OF STRUKEL'S PARADISE
LAKE UNIT NO. 1, (SAID POINT ALSO BEING THE INTERSECTION OF THE
CENTERLINE OF BRISTOL ROAD AND THE CENTERLINE OF KENNEDY
ROAD), AS SHOWN ON THE SUBDIVISION PLAT OF STRUKEL'S PARADISE
LAKE UNIT NO. 1 RECORDED AS DOCUMENT#71-215; THENCE NORTH 60
DEGREES 17 MINUTES 26 SECONDS EAST, 724.86 FEET ALONG THE
CENTERLINE OF KENNEDY ROAD TO THE POINT OF CURVATURE OF A
1094.72 FOOT RADIUS CURVE TO THE LEFT; THENCE NORTHEASTERLY
631.18 FEET ALONG SAID CURVE WHOSE CHORD BEARS NORTH 43
DEGREES 46 MINUTES 24 SECONDS EAST 622.47 FEET TO THE POINT OF
TANGENCY OF SAID CURVE; THENCE NORTH 27 DEGREES 15 MINUTES
21 SECONDS EAST 11.57 FEET ALONG SAID CENTERLINE TO A POINT;
THENCE SOUTH 37 DEGREES 39 MINUTES 00 SECONDS EAST 1776.45
FEET TO P. POl^!T; THENCE SOUTH 52 DEGREES 21 MINUTES 00
SECONDS WEST 1343.89 FEET TO A POINT IN THE CENTERLINE OF
4
BRISTOL ROAD; THENCE NORTH 37 DEGREES 39 MINUTES 00 SECONDS
WEST 1778.85 FEET ALONG SAID CENTERLINE TO THE POINT OF
BEGINNING.
ALSO:
THAT PART OF SECTIONS FOURTEEN (14) AND TWENTY-THREE (23), ALL
IN TOWNSHIP THIRTY-SEVEN (37) NORTH, RANGE SEVEN (7) EAST OF
THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS:
COMMENCING AT THE SOUTHERLY CORNER OF STRUKEL'S PARADISE
LAKE UNIT NO. 1, (SAID POINT ALSO BEING THE INTERSECTION OF THE
CENTERLINE OF BRISTOL ROAD AND THE CENTERLINE OF KENNEDY
ROAD), AS SHOWN ON THE SUBDIVISION PLAT OF STRUKEL'S PARADISE
LAKE UNIT NO. 1, RECORDED AS DOCUMENT #71-215; THENCE SOUTH 37
DEGREES 39 MINUTES 00 SECONDS EAST 1778.85 FEET ALONG THE
CENTERLINE OF BRISTOL ROAD FOR THE POINT OF BEGINNING; THENCE
NORTH 52 DEGREES 21 MINUTES 00 SECONDS EAST 1343.89 FEET TO A
POINT; THENCE SOUTH 37 DEGREES 39 MINUTES 00 SECONDS EAST
1645.23 FEET TO A POINT IN THE CENTERLINE OF ILLINOIS ROUTE 34;
THENCE SOUTH 46 DEGREES 33 MINUTES 17 SECONDS WEST 1350.80
FEET ALONG SAID CENTERLINE OF ILLINOIS ROUTE 34 TO THE
INTERSECTION OF THE CENTERLINE OF BRISTOL ROAD; THENCE NORTH
37 DEGREES 39 MINUTES 00 SECONDS WEST 1781.63 FEETALONG SAID
CENTERLINE OF BRISTOL ROAD TO THE POINT OF BEGINNING.
ALSO:
THAT PART OF SECTIONS FOURTEEN (14) AND TWENTY-THREE (23), ALL
IN TOWNSHIP THIRTY-SEVEN (37) NORTH, RANGE SEVEN (7) EAST OF
THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS:
COMMENCING AT THE SOUTHERLY CORNER OF STRUKEL'S PARADISE
LAKE UNIT NO. 1, (SAID POINT ALSO BEING THE INTERSECTION OF THE
CENTERLINE OF BRISTOL ROAD AND THE CENTERLINE OF KENNEDY
ROAD), AS SHOWN ON THE SUBDIVISION PLAT OF STRUKEL'S PARADISE
LAKE UNIT NO. 1, RECORDED AS DOCUMENT#71-215; THENCE NORTH 60
DEGREES 17 MINUTES 26 SECONDS EAST 724.86 FEET ALONG THE
CENTERLINE OF KENNEDY ROAD TO THE POINT OF CURVATURE OF A
1094.72 FOOT RADIUS CURVE TO THE LEFT; THENCE NORTHEASTERLY
631.18 FEET ALONG SAID CURVE WHOSE CHORD BEARS NORTH 43
DEGREES 46 MINUTES 24 SECONDS EAST 622.47 FEET TO THE POINT OF
TANGENCY OF SAID CURVE; THENCE NORTH 27 DEGREES 15 MINUTES
21 SECONDS EAST 11.57 FEET ALONG SAID CENTERLINE FOR THE POINT
OF BEGINNING; THENCE CONTINUE NORTH 27 DEGREES 15 v"lNUTES 21
SECONDS EAST 551.92 FEET ALONG SAID CENTERLINE TO A POINT;
5
THENCE SOUTH 45 DEGREES 56 MINUTES 15 SECONDS EAST 1501.96
FEET ALONG AN EXISTING FENCE LINE TO A POINT; THENCE SOUTH 35
DEGREES 48 MINUTES 56 SECONDS EAST 2104.69 FEET ALONG SAID
FENCE LINE TO A POINT IN THE CENTERLINE OF ILLINOIS ROUTE 34;
THENCE SOUTH 46 DEGREES 33 MINUTES 17 SECONDS WEST 652.28
FEET ALONG SAID CENTERLINE TO A POINT; THENCE NORTH 37
DEGREES 39 MINUTES 00 SECONDS WEST 3421.68 FEET TO THE POINT
OF BEGINNING.
ALSO:
THAT PART OF THE SOUTH HALF OF SECTION 11 AND PART OF THE
NORTHWEST QUARTER OF SECTION 14, TOWNSHIP 37 NORTH, RANGE 7
EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS:
BEGINNING AT THE SOUTHWEST CORNER OF SECTION 11; THENCE
SOUTH 0 DEGREES 57 MINUTES 0 SECONDS WEST 442 FEET TO THE
NORTH LINE OF THE RIGHT OF WAY OF THE CHICAGO, BURLINGTON
AND QUINCY RAILROAD; THENCE NORTH 75 DEGREES 17 MINUTES 0
SECONDS EAST 1728 FEET ALONG SAID RIGHT OF WAY LINE TO THE
SOUTH LINE OF SECTION 11; THENCE SOUTH 89 DEGREES 53 MINUTES 0
SECONDS EAST 1001.25 FEET ALONG THE SOUTH LINE OF SAID SECTION
11 TO THE SOUTHEAST CORNER OF THE WEST HALF OF SAID SECTION
11; THENCE NORTH 89 DEGREES 54 MINUTES 0 SECONDS EAST 1339.5
FEET ALONG THE SOUTH LINE OF SAID SECTION 11 TO THE SOUTHEAST
CORNER OF THE WEST HALF OF THE SOUTHEAST QUARTER OF SAID
SECTION 11; THENCE NORTH 0 DEGREES 40 MINUTES 0 SECONDS EAST
977.5 FEET TO THE CENTERLINE OF THE HIGHWAY; THENCE NORTH 74
DEGREES 15 MINUTES 0 SECONDS WEST 727.2 FEET ALONG SAID
CENTERLINE; THENCE NORTH 79 DEGREES 10 MINUTES 0 SECONDS
WEST 2877.4 FEET ALONG SAID CENTERLINE TO THE CENTERLINE OF A
NORTH AND SOUTH HIGHWAY; THENCE SOUTH 7 DEGREES 7 MINUTES 0
SECONDS EAST 364.8 FEET ALONG THE CENTER OF SAID NORTH AND
SOUTH HIGHWAY; THENCE NORTH 89 DEGREES 47 MINUTES 0 SECONDS
WEST 503.33 FEET TO THE WEST LINE OF SAID SECTION 11; THENCE
SOUTH 0 DEGREES 52 MINUTES 0 SECONDS WEST ALONG SAID WEST
LINE 1327.6 FEET TO THE POINT OF BEGINNING; EXCEPT THAT PART
LYING NORTHERLY OF THE SOUTHERLY RIGHT OF WAY LINE OF THE
CHICAGO, BURLINGTON AND QUINCY RAILROAD AFORESAID IN THE
TOWNSHIP OF BRISTOL, KENDALL COUNTY, ILLINOIS.
6
Exhibit D
to
Establishing Ordinance
Map of Special Service Area
Number 2004-104 Central Grande Reserve
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CITY'S CONSENT AGREEMENT
THIS CONSENT AGREEMENT is entered into as of the day of July, 2004 by United
City of Yorkville, to and for the benefit of LaSalle Bank National Association, a national banking
association, as Administrative Agent for itself and the "Banks" (as defined in that certain Construction
Loan Agreement of even date herewith), its successors and assigns.
RECITALS
A. Concurrently herewith, Banks have agreed to make a revolving loan("Revolving Loan")
in the amount not to exceed the principal sum of$45,000,000.00 and issue standby letters of credit in the
amount of up to $12,000,000.00 an issue a direct pay letter of credit in the amount of$12,310,331.00 in
connection with the issuance of special service area bonds benefiting the Property to MPI-2 Yorkville
Central LLC, an Illinois limited liability company (`Borrower") pursuant to the terms of the Amended
and Restated Construction Loan Agreement of even date herewith(the"Loan Agreement").
B. The Loan Agreement is joined by MPI-2 Yorkville North LLC, an Illinois limited
liability company and MPI-2 Yorkville South-I LLC, an Illinois limited liability company (the
"Additional Property Owners").
C. Borrower and the Additional Property Owners(the"Developer")own fee simple title to a
certain real estate and improvements (collectively, "Property") located in Yorkville, Kendall County,
Illinois and legally described on Exhibit A attached hereto. Developer has entered into a certain Public
Improvement Agreement with the United City of Yorkville (hereinafter referred to as the "City") in
connection with the development of the Property(the"Public Improvement Agreement").
D. Developer has entered into a Collateral Assignment of Developer's Rights of even date
herewith assigning to Banks all of the rights and privileges of Developer under the Public Improvement
Agreement.
E. The City will benefit if the Loan is made to Borrower.
NOW,THEREFORE, in consideration of the foregoing and other good and valuable
consideration,the receipt and sufficiency of which are hereby acknowledged,the City hereby agrees as
follows:
I. The City hereby consents to the terms of the Assignment.
2. The City agrees that there will be no amendments to the Public Improvement Agreement
without the express written consent of the Banks' except for non-material routine field order or
engineering changes necessitated by field conditions.
3. The City agrees that in the event that the Banks exercises its rights under the Assignment
and performs the Developer's rights thereunder,that the City will make available the funds which were to
be made available to Developer upon compliance by Agent with the terms of the Public Improvement
Agreement including "Bond Proceeds" (as that term is defined in the Public Improvement Agreement),
Recovery and Recapture monies(as that term is defined in the Public Improvement Agreement.
4. The City agrees that any and all notices provided to the Developer under the Public
Improvement Agreement shall be provided to Agent and Agent shall have the right but not the obligation
to remedy or cure such breach for a period of thirty (30) days after receipt of written notice thereof,
264467.2 044599-33642
provided, however that if such breach can not reasonably remedy or cure within such thirty (30) day
period, Agent shall have such additional reasonable period of time as Banks requires to effect a remedy or
cure so long as Banks commences remedy within the aforesaid thirty (30) day period and diligently
pursue such remedy or cure thereafter including any time reasonably required by Agent to take legal
action to enable it or a receiver to perform Developer's obligations thereunder.
S. For purposes of this Agreement, all notices, demands or documents required or permitted
to be given to either party shall been given a hand-delivered, or if mailed by United States certified mail,
postage prepaid,return receipt requested, addressed to said party as follows:
To Bank: LaSalle Bank National Association
8303 West Higgins Road
4th Floor
Chicago,Illinois
Attn: Michael McGrogan
With a copy to: LaSalle Bank National Association
14'h Floor
135 South LaSalle Street
Chicago,Illinois 60603
Attn: Commercial Real Estate Syndications
and Schwartz, Cooper, Greenberger&Krauss
180 North LaSalle Street
Suite 2700
Chicago,Illinois 60601
Attn: Scott M. Lapins,Esq.
To City: United City of Yorkville
800 Game Farm Road
Yorkville,Illinois 60560
Attn: City Clerk
With a copy to: Daniel J.Kramer,Esq.
1107 S. Bridge St.
Yorkville,Illinois 60560
UNITED CITY OF YORKVILLE
By:
Its:
264467.2 044599-33642 2