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Resolution 2007-01 STATE OF ILLINOIS ) )ss COUNTY OF KENDALL ) RESOLUTION NO. 2007- RESOLUTION APPROVING THE POSTPONING CONSIDERATION OF PROPOSING ORDINANCES FOR Silver Fox SSA 2006 -114, Evergreen Farms SSA 2006 -115, Aspen Ridge SSA 2006- 116, Chally Farm SSA 2006 -117 and Yorkwood Estates SSA 2006 -118 WHEREAS, the City Council of the United City of Yorkville has approved Annexation Agreements for Silver Fox (Ordinance 2006 -69), Evergreen Farms (Ordinance 2006 -72), Aspen Ridge (Ordinance 2006 -75), Chally Farm (Ordinance 2006- 78), Yorkwood Estates (Ordinance 2006 -81) on August 8, 2006; and WHEREAS, the above stated Annexation Agreements each require the United City of Yorkville to issue Special Revenue Bonds by January 15, 2007 in an amount sufficient to fund the infrastructure extension contemplated by the Annexation Agreements as the Southwest Infrastructure Improvements; and WHEREAS, the United City of Yorkville staff has prepared the following Proposing Ordinances for City Council and Property Owner review: Silver Fox SSA 2006 -114, Evergreen Farms SSA 2006 -115, Aspen Ridge SSA 2006 -116, Chally Farm SSA 2006- 117 and Yorkwood Estates SSA 2006 -118; and I i WHEREAS, the City has taken action to place the Proposing Ordinances listed above on the Committee of the Whole agenda for consideration on November 28, 2006 and January 2, 2007; and WHEREAS, the at least one property owner requested that action not be taken on the Proposing Ordinances prior to the November 28, 2006 and January 2, 2007 Committee meetings; and WHEREAS, but for the property owner request to not take action, the City is i ready, willing and able to vote upon the Proposing Ordinances and pass same, and to f take any other action necessary in furtherance of the establishment of the SSA, and sale of bonds as contemplated by the Annexation Agreements. NOW THEREFORE, upon Motion duly made, seconded and approved by the majority of those members of the City Council voting, the following action is hereby i taken by the City Council of the United City of Yorkville: A. The preambles above are incorporated by reference herein. B. The consideration of the Proposing Ordinances Silver Fox SSA 2006 -114, Evergreen Farms SSA 2006 -115, Aspen Ridge SSA 2006 -116, Chally Farm SSA 2006 -117 and Yorkwood Estates SSA 2006 -118 will not be on a future i agenda for consideration until the property owners for each area submits written request to the City for this consideration. i i C. The City Council takes this action to memorialize the steps that have been taken by the City Staff in furtherance of the Annexation Agreements and the obligation to issue Special Revenue Bonds contained therein. JAMES BOCK JOSEPH BESCO '(" VALERIE BURD PAUL JAMES DEAN WOLFER MARTY MUNNS ROSE SPEARS JASON LESLIE a 1 Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this Da o , A.D. 2007. 6 MAYOR Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this Q da , A.D. 2007. ATTEST: CITY CLERK Prepared by: John Justin Wyeth City Attorney United City of Yorkville 800 Game Farm Road Yorkville, IL 60560