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Ordinance 2006-041 200600019344 Filed for Record in KENDALL COUNTY► ILLINOIS PAUL ANDERSON 06 -29 -2006 At 01:47 an. STATE OF ILLINOIS ) ORDINANCE 56.00 ss RHSP Surcharge 10.00 COUNTY OF KENDALL ) ORDINANCE NO. 2006- AN ORDINANCE AUTHORIZING THE EXECUTION OF RECAPTURE AGREEMENT (River's Edge Subdivision) WHEREAS, it is prudent and in the best interest of the UNITED CITY OF YORKVILLE, Kendall County, Illinois, to enter into a Recapture Agreement regarding work done by S & K Development, LLC generally in furtherance of the River's Edge Subdivision, and WHEREAS, a copy of said Recapture agreement is attached hereto, and incorporated by reference herein as Exhibit "A ", explaining the terms conditions, and both legal and engineering rational for the agreement, and WHEREAS, said agreement, and this Ordinance shall be recorded to become a record of title for the effected areas, and WHEREAS, said Recapture Agreement (Exhibit "A ") has been drafted and has been considered by the City Council; and WHEREAS, the S & K Development, LLC are ready, willing and able to enter into said Agreement and to perform the obligations as required hereunder; and Page 1 of 3 NOW THEREFORE, BE IT ORDAINED BY THE MAYOR AND THE CITY COUNCIL OF THE UNITED CITY OF YORKVILE, KENDALL COUNTY, ILLINOIS, AS FOLLOWS; Section 1: The preambles are set forth herein. Section 2: The Mayor and the City Clerk are herewith authorized and directed to execute, on behalf of the City, the Recapture Agreement set forth in Exhibit "A" copy of which Recapture Agreement is attached hereto and made a part hereof. Section 2: This ordinance shall be in full force and effect from and after its passage and approval as provided by law. JAMES BOCK JOSEPH BESCO VALERIE BURD -- PAUL JAMES A , DEAN WOLFER —' MARTY MUNNS L L ROSE SPEARS JASON LESLIE Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this Day of , A.D. 2006. MAYOR Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this day of , A.D. 2006. ATTEST: CITY CLERK Page 2 of 3 i Prepared by: John Justin Wyeth City Attorney United City of Yorkville 800 Game Farm Road Yorkville, IL 60560 i Page 3 of 3 May 1, 2006 PREPARED BY and RETURN TO: Thomas W. Grant 200 Hillcrest Avenue P0 Box 326 Yorkville, IL 60560 Location and P.I.N. Numbers of Benefited Properties: See attached Exhibit "B" RECAPTURE AGREEMENT RIVER'S EDGE SUBDIVISION WATER MAIN RECAPTURE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS THIS RECAPTURE AGREEMENT is made and entered into this day of 2006, between the UNITED CITY OF YORKVILLE, an Illinois Municipal Corporation, herein referred to as "City ", and S & K DEVELOPMENT, LLC, (hereinafter referred to as the "Developer "). RECITALS WHEREAS, S & K DEVELOPMENT, LLC as the owner of property legally described on Exhibit "A ", attached hereto and made a part hereof, the "Subject Property ", has heretofore developed the property into a residential subdivision known as RIVER'S EDGE SUBDIVISION, YORKVILLE, KENDALL COUNTY, ILLINOIS; and WHEREAS, in developing the Subject Property, the Developer agreed to design, construct and install at its sole expense certain public improvements, generally described as the River's Edge Watermain, which are specified in the engineering plans for the Subdivision developed on the Subject Property and required by the terms of the Annexation Agreement; and WHEREAS, Developer has completed the construction and installation of the River's Edge Watermain and has expended the funds for the completion of the River's Edge Watermain; and WHEREAS, in addition to the Subject Property, there are other parcels of developed and undeveloped property which will be benefited by the River's Edge Watermain, or a branch thereof, which properties are described in Exhibit "B" and in Exhibit "C" (hereinafter referred to as the "Benefited Properties "); and WHEREAS, the Developer agreed to pay the total costs of the River's Edge Watermain provided that the City seek reimbursement from owners of the Benefited Properties in accordance with the terms of the Annexation Agreement and the terms this Agreement; and WHEREAS, the Subject Improvements have been installed and completed and the City has determined that the costs of the River's Edge Watermain Improvements are reasonable, and that such costs have been fairly and reasonably apportioned between the Developer and the owners of the Benefited Properties; and WHEREAS, the parties have determined that it is necessary, convenient and desirable to enter into this Agreement to ensure that owners of the Benefited Properties pay their fair share of the River's Edge Watermain Improvements on the basis of the 2 actual costs incurred by the Developer, which actual costs include the Developer's jreasonable engineering expenses plus interest as provided herein; and WHEREAS, the City enters into this Recapture Agreement in accordance with the provisions of 65 ILCS 5/9 5 -1. 1 ' NOW, THEREFORE, in consideration of the foregoing premises, and in further consideration of the mutual covenants, agreements and conditions herein contained, the parties hereto agree as follows: SECTION 1: The foregoing recitals are substantive and are incorporated in the body of this Agreement. SECTION 2: The City shall collect from the owners of the Benefited Properties that portion of the actual total costs incurred by the Developer in the engineering and construction of the River's Edge Watermain which are apportioned to the Benefited Properties as shown on Exhibit D ("Recapture Amount"). Interest at the rate of 5% simple interest per annum shall be included in the Recapture Amount from the date of completion of the Improvements to the date a Benefited Property owner becomes liable for payment therefore as provided in Section 3 and makes said payment, or until twenty years from the date of this Agreement, whichever occurs first. (For clarification, 5% of the original principal amount, $170,000.00, or the remaining principal amount as the recapture amount is partially paid down, will be added each year to the recapturable amount.) The City shall remit to the Developer all funds received from the owners of the Benefited Properties, hereinafter "Recapture Payments" within ten (10) days of receipt. SECTION 3: An owner of a Benefited Property shall become obligated to 3 pay the required Recapture Amount as to the Williamsport properties and the Christie properties upon the earlier of approval of a Final Plat or Final Development Plan for any i portion of the benefited property or the issuance of the first building permit for the construction of improvements on any part of the benefited property, and as to the FoxLawn Subdivision ro erties upon the issuance of individual permits for connection p p P p of individual lots to a watermain or water line connected to and drawing water from the City of Yorkville Municipal Water System. SECTION 4: The City may condition annexation and subdivision and issuance of any building, occupancy, connection, or access permits upon payment of the designated share of the Recapture Amount by the owner or owners of the Benefited Properties making use of or benefiting from the Improvements. SECTION 5: The City's obligation to deliver the Recapture Amount or any Recapture Payments collected pursuant to this Agreement constitutes a limited obligation of the City, payable solely from the amounts received by the City from the owners of Benefiting Properties. This obligation does not now and shall never constitute a general indebtedness of the City within the meaning of any State of Illinois constitutional or statutory provision or give rise to any pecuniary liability of the City. SECTION 6: The City shall endeavor in good faith to enforce the provisions of this Agreement. However, the parties recognize the possibility of omissions or errors. The Developer agrees that the City shall not be liable in any way in the event that the City fails, for any reason whatsoever, to collect or enforce payment of the Recapture Amount. Further, the Developer shall indemnify, defend and hold harmless the 4 City, its officers, agents and employees, from any and all actions, claims, demands or judgments (including attorneys fees) arising out of the existence, terms, administration, enforcement or attempted enforcement of any provision of this Agreement. The Developer shall prosecute or defend any action, proceeding, or cause, legal or otherwise, that may arise out of the existence, terms, administration, enforcement or attempted enforcement of any provisions of this Agreement. SECTION 7: Except as otherwise herein provided, this Agreement shall inure to the benefit of, and be binding upon, the parties, their successors and assigns. In the event any part or portion of this Agreement is held invalid or unenforceable by a court of competent jurisdiction, the remaining portions hereof shall continue in full force and effect. SECTION 8: The City agrees to approve this Agreement by Ordinance or Resolution. This Agreement shall become effective upon its execution by the parties and the recording of the Agreement and Ordinance or Resolution with the Recorder of the County of Kendall County, Illinois. The benefits conferred by this Agreement shall expire twenty (20) years from the date of final execution hereof by the parties hereto. SECTION 9: This Agreement shall in all respects be subject to and construed in accordance with and governed by the laws of the State of Illinois. Venue for any action arising out of the terms or conditions of this Agreement shall be proper only in the Circuit Court for the Sixteenth Judicial Circuit, Kendall County, Illinois. SECTION 10: All payments and notice to the Developer under this Agreement shall be sent by regular U.S. mail, postage paid to: 5 S & K Development LLC 586 Kelly Avenue Yorkville, IL 60560 or to such other address as the Developer shall direct in writing. The Developer shall have the right to assign its rights under this Agreement. THE PARTIES TO THIS AGREEMENT by their signatures acknowledge they have read and understand this Agreement and intend to be bound by its terms. UNITED CITY OF YORKVILLE DEVELOPER S & K DEVELOPMENT, LLC By: By Mayor [Print Name] Phillip Knierim [Title] Member ATTEST: ATTES B By: /' e 1 [Pririt Dame] Richard T. Stanciu [Title] Member Y:\Real Estate.2006 \River's Edge Recapture\Recapture Agreement. 050106. doe 6 EXHIBIT "A" LEGAL DESCRIPTION OF RIVER'S EDGE SUBDIVISION PHASE ONE AND PHASE TWO THAT PART OF THE EAST HALF OF SECTION 31 AND WEST HALF OF SECTION 32, TOWNSHIP 37 NORTH, RANGE 7 EAST OF THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTH EAST CORNER OF UNIT NO. 1 OF FOX LAWN SUBDIVISION; THENCE 65° 31' 57" EAST 491.38 FEET ALONG THE CENTER LINE OF FOX ROAD TO A POINT; THENCE NORTH 15 51' 57" WEST 2012.01 FEET TO THE SOUTH RIGHT -OF- WAY OF THE BURLINGTON NORTHERN RAILROAD; THENCE NORTH 15° 31' 56" WEST 1579 FEET TO THE SOUTH BANK OF THE FOX RIVER; THENCE WESTERLY ALONG SAID SOUTH BANK OF THE FOX RIVER APPROXIMATELY 1175 FEET TO AN EXISTING FENCE LINE; THENCE SOUTH 15 13'43" EAST 2781 FEET TO A POINT IN THE NORTH RIGHT -OF -WAY LINE OF THE BURLINGTON NORTHERN RAILROAD; THENCE SOUTH 15 12' 14" EAST 1148.27 FEET TO A POINT IN THE CENTER LINE OF FOX ROAD; THENCE NORTHEASTERLY 342.43 FEET ALONG SAID CENTER LINE OF FOX ROAD ALONG A 17,188.6 FOOT RADIUS CURVE TO THE LEFT WHOSE CHORD BEARS OR 66 02' 13" EAST 342.43 FEET TO A POINT; THENCE NORTH 65 31; 57" EAST 370.34 FEET ALONG SAID CENTER LINE OF FOX ROAD (ALSO BEING THE NORTH LINE OF FOX LAWN UNIT NO. 1 SUBDIVISION) TO THE POINT OF BEGINNING, EXCEPTING THEREFROM THE RIGHT -OF -WAY OF j THE BURLINGTON NORTHERN RAILROAD (NOW KNOWN AS RAILNET), ALL BEING SITUATED IN THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, i ILLINOIS. i CAShared 2006\Real Estate.2006\River's Edge Recapture\River's Edge Phase 1 & 2 Legal.doc EXHIBIT '►B►► LOCATION AND P.I.N. NUMBERS OF BENEFITED PROPERTIES FOXLAWN SUBDIVISION UNITS 1, 2, 3, 4 AND 5 STREETS: POPLAR ROAD BIRCH COURT CEDAR COURT MAPLE STREET HICKORY COURT PINE COURT PIN NUMBERS: SEE ATTACHED TAX MAP CONTAINING THE PIN NUMBERS OF THE BENEFITED PROPERTIES SITUATED IN FOXLAWN SUBDIVISION (EXHIBIT WILLIAMSPORT SUBDIVISION UNIT 1 ALL LOTS STREETS: OXFORD DRIVE FOXBORO DRIVE FOXBORO COURT WINDSOR WAY MAPLE STREET MAPLE COURT JAMESTOWN DRIVE MANSFIELD ROAD PIN NUMBERS: SEE ATTACHED TAX MAP CONTAINING THE PIN NUMBERS OF THE BENEFITED PROPERTIES SITUATED IN WILLIAMSPORT SUBDIVISION UNIT 1 (EXHIBIT " B -2") CHRISTIE PROPERTY P.I.N. NUMBERS: 05 -38- 301 -001 05 -05- 104 -001 C: \Shared 2006 \Real Estate.2006 \River's Edge Recapture \ExhibitB.doc P, 0- -A -.021 478 477 r p/. 05 -101-002 05-06-2116- 6- 8 :0 9 --10-029 a-la2l 41 2 P/. MAPL ST. M APLE 1 . cr. ofly „ OR 141C HICK k -4:ao piNC Cr EXHIBIT "B-1" TAX MAP-FOXLAWN SUBDIVISION b � FOX RO fog a ; b Rp. 1Q4 :QQ r 21,00 b FO X A*� 0 Rp• 5. e, J to ` r+ p E ,� J N at' y ` � 'f,(, X .t, ��• ``� 1. , p W 11.N �•a f F0x6 6 \, � g 0 p , � N `,N ir, P n•tt.a OR. +,� b FxF ��✓ b F' t�•� - ., \ �~? $ w 9 ,4 t ° e. DR• ."�, a 1 �'__I2:QQZ �! er 9 v v� P F at Q14 Q� �.4 __31:QQ2 n '� ♦A a ,. S __43:02Y "' �w (� 32:QQ4 g D i 11.021 F __IQ:QQ1 h I 1 lV - •� / °. R� ue XE rt � I• --33'025 �' 1 1 e.tt � d �i 'ty •� �# __94:Q(2 E N °.e1 __E9:QQ5 �9 y o• J a 3 Q ax '°°,• __zs:rr,� ._fie:QQZ sl -- 3A:02[ ' ,..tt v / � • ' • \m m EE __ @9:Q12 •P Y \P R q � - _33:QOL q 1:• r 8 •BD (f p •- fiI:OQ@ $ N- 4y yFIP i E • OP F 2 JE ( I P __35:071 „g tA '41 54 y ; � x•9 ,0 � 39:QQ(i � : 'fa is e•ee C+ �F p "' «• m f f ro � • �w I h� $T. A w 1 �u 05• MAPLE w •ii h 4'� 1� H eVt 0l�8S• 0 os•os lz oos •° os•L�•2n ^ • /T6• 1 � 0 126. 6 :S `iO • /27• •/T6• •05• 26�QOq Ce 1•pp 1 p 1 N Iq+• 1. A EXHIBIT "B -2" TAX MAP — WILLIAMSPORT SUBDIVISION UNIT 1 1 EXHIBIT "C" - PAGE 1 LEGAL DESCRIPTION FOX LAWN UNIT 1 THAT PART OF THE NORTHWEST QUARTER OF SECTION 5 AND PART OF THE NORTHEAST Q UARTER OF SECTION 6, TOWNSHIP 36 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN AND PART OF THE SOUTHEAST QUARTER OF SECTION 31 AND PART OF THE SOUTHWEST QUARTER OF SECTION 32, TOWNSHIP 37 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: COMMENCING AT THE CENTER OF SAID SECTION 31; THENCE EAST ALONG THE NORTH LINE OF THE SOUTHEAST QUARTER OF SAID SECTION 31, 1397.34 FEET; THENCE SOUTH 17 33'21" EAST 1340.92 FEET TO THE NORTH LINE OF THE RIGHT OF WAY OF THE CHICAGO, BURLINGTON AND QUINCY RAILROAD COMPANY; THENCE SOUTH 17 32'40" EAST 1144.42 FEET TO THE CENTER LINE OF FOX ROAD; THENCE SOUTHWESTERLY ALONG SAID CENTER LINE, BEING ALONG A CURVE TO THE RIGHT HAVING A RADIUS OF 17,188.60 FEET, A DISTANCE OF 96.78 FEET FOR THE POINT OF BEGINNING; THENCE NORTHEASTERLY ALONG SAID CENTER LINE 456.19 FEET; THENCE NORTH 63 09'20" EAST ALONG SAID CENTER LINE 370.56 FEET; THENCE SOUTH 14 07' 19" EAST 791.72 FEET; THENCE SOUTH 75 52' 41" WEST 193.78 FEET; THENCE NORTH 71 50'40" WEST 200 FEET; THENCE SOUTH 18 09'20" WEST 231.01 FEET; THENCE SOUTHERLY ALONG A CURVE TO THE LEFT, BEING TANGENT TO THE LAST DESCRIBED LINE AT THE LAST DESCRIBED POINT AND HAVING ',A RADIUS OF 592.05 FEET, A DISTANCE OF 100.06 FEET; THENCE NORTH 81 3F41 " WEST 298.34 FEET TO A POINT SOUTH 14 07 EAST FROM THE POINT OF BEGINNING; THENCE NORTH 14° 07' 19" WEST 670.06 FEET TO THE POINT OF BEGINNING, CONTAINING 13.686 ACRES, IN KENDALL TOWNSHIP, KENDALL COUNTY, ILLINOIS. BEING FOXLAWN UNIT 1 SUBDIVISION, THE PLAT OF WHICH WAS RECORDED ON NOVEMBER 17, 1965 AS DOCUMENT NO. 150271 IN BOOK 12 OF PLATS ON PAGE 22. Legal Description checked 3/15/06 by TWG and AMR C: \Shared 2006 \Real Estate.2006 \River's Edge Recapture \Fox Lawn Unit 1 Legal.doc EXHIBIT "C" - PAGE 2 LEGAL DESCRIPTION FOX LAWN UNIT 2 THAT PART OF THE NORTHWEST QUARTER OF SECTION 5 AND PART OF THE NORTHEAST QUARTER OF SECTION 6, TOWNSHIP 36 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT THE MOST SOUTHWESTERLY CORNER OF UNIT ONE, FOXLAWN; THENCE SOUTH 14 °07'19" EAST ALONG THE EXTENSION OF THE WESTERLY LINE OF SAID UNIT ONE, 559.18 FEET; THENCE NORTH 75 °52'41" EAST, 338.99 FEET THENCE NORTH 14 °07'19" WEST, 220.0 FEET; THENCE NORTH 75 0 52'4 . 1" EAST, 60.31 FEET; THENCE NORTH 14 °07'19" WEST, 84.41 FEET; THENCENORTH 18 0 09'20" EAST, 172.94 FEET; THENCE SOUTH 71 °50'40" EAST, 12.0 FEET; THENCE NORTH 18 °09'20" EAST, 210.0 FEET TO AN ANGLE POINT IN A SOUTHERLY LINE OF SAID UNIT ONE; THENCE NORTH 71 °50'40" WEST ALONG SAID SOUTHERLY LINE, 200.0 FEET TO THE EASTERLY LINE OF POPLAR ROAD; THENCE SOUTH 18 0 09'20" WEST ALONG SAID EASTERLY LINE, 231.01 FEET; THENCE SOUTHERLY ALONG SAID EASTERLY LINE, BEING ALONG A CURVE TO THE LEFT HAVING A RADIUS OF 592.05 FEET, A DISTANCE OF 100.06 FEET TO THE SOUTHERLY LINE OF LOTS 9 AND 10 OF SAID UNIT ONE, EXTENDED EASTERLY; THENCE NORTH 81 °31'41" WEST ALONG THE EXTENSION OF SAID SOUTHERLY LINE AND ALONG SAID SOUTHERLY LINE 298.34 FEET TO THE POINT OF BEGINNING; CONTAINING 5.52 ACRES; IN THE TOWNSHIP OF KENDALL, KENDALL COUNTY, ILLINOIS. BEING FOXLAWN UNIT 2 SUBDIVISION, THE PLAT OF WHICH WAS RECORDED ON JULY 21, 1971 AS DOCUMENT NO. 71 -2574 IN BOOK 13 OF PLATS ON PAGE 53. Legal Description checked 3/15/06 by TWG and AMR C: \Shared 2006\Real Estate.2006 \River's Edge Recapture \Fox Lawn Unit 2 Legal.doc EXHIBIT "C" - PAGE 3 LEGAL DESCRIPTION FOX LAWN UNIT 3 I THAT PART OF UNIT TWO, FOXLAWN, AND PART OF SECTIONS 5 AND 6, TOWNSHIP 36 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF LOT 6, UNIT ONE, FOXLAWN; THENCE SOUTH 14 °07'19" EAST, ALONG THE EXTENSION OF THE EASTERLY LINE OF SAID UNIT ONE, 621.76 FEET; THENCE SOUTH 75 0 52'41" WEST 20.0 FEET; THENCE SOUTH 14 °07'19" EAST 170.0 FEET; THENCE SOUTH 75 °52'41" WEST 617.74 FEET; THENCE NORTH 14 0 07'19" WEST 30.0 FEET; THENCE SOUTH 75 °52'41" WEST 170.0 FEET TO A POINT ON THE SOUTHERLY EXTENSION OF THE WEST LINE OF UNIT TWO, FOXLAWN; THENCE NORTH 14 0 07'19" WEST, ALONG SAID EXTENSION AND SAID WEST LINE, 314.24 FEET TO THE SOUTHWEST CORNER OF LOT 3 OF SAID UNIT TWO; THENCE NORTH 75 °52'41" EAST, ALONG THE SOUTH LINE OF SAID LOT 3,170.0 FEET TO THE WEST LINE OF POPLAR STREET; THENCE SOUTH 14 EAST, ALONG SAID WEST LINE, 174.24 FEET TO THE SOUTH LINE OF MAPLE STREET; THENCE NORTH 75 °52'41" EAST, ALONG THE SOUTH LINE OF MAPLE STREET, 168.99 FEET TO THE EAST LINE OF SAID UNIT TWO; THENCE NORTH 14 WEST, ALONG SAID EAST LINE, 220.0 FEET TO THE SOUTH LINE OF LOT 6 OF SAID UNIT TWO; THENCE NORTH 75 °52'41" EAST, ALONG SAID SOUTH LINE, 60.31 FEET TO THE EAST LINE OF E SAID UNIT TWO; THENCE NORTH 14'07'19" WEST, ALONG SAID EAST LINE, 84.41 FEET; THENCE NORTH 18 0 09'20" EAST, ALONG SAID EAST LINE, 172.94 FEET TO THE SOUTHWEST LINE OF CEDAR COURT; THENCE SOUTH 71 0 50'40" EAST, ALONG SAID SOUTHWEST LINE, 12.0 FEET TO THE EAST LINE OF SAID UNIT TWO; THENCE NORTH 18 0 09'20" EAST, ALONG SAID EAST LINE, 210 FEET TO THE SOUTH LINE OF SAID UNIT ONE; THENCE NORTH 75 0 52'41" EAST, ALONG SAID SOUTH LINE, 193.78 FEET TO THE POINT OF BEGINNING; CONTAINING 8.99 ACRES IN KENDALL TOWNSHIP, KENDALL COUNTY, ILLINOIS. BEING FOXLAWN UNIT 3 SUBDIVISION, THE PLAT OF WHICH WAS RECORDED ON APRIL 24, 1972 AS DOCUMENT NO. 72 -1816 IN BOOK 14 OF PLATS ON PAGE 27. Legal Description checked 3/15/06 by TWG and AMR C: \Shared 2006 \Real Estate.2006 \River's Edge Recapture \Fox Lawn Unit 3 Legal.doc EXHIBIT "C" - PAGE 4 LEGAL DESCRIPTION < FOX LAWN UNIT 4 I THAT PART OF THE NORTHWEST QUARTER OF SECTION 5 AND PART OF THE NORTHEAST QUARTER OF SECTION 6, TOWNSHIP 36 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN; DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWESTERLY CORNER OF LOT 3 IN UNIT THREE, FOXLAWN; THENCE NORTH 75 °5241" EAST ALONG THE SOUTHERLY LINE OF SAID LOT 3, 170.0 FEET TO THE SOUTHEASTERLY CORNER THEREOF; THENCE SOUTH 14 EAST ALONG THE WESTERLY LINE OF POPLAR ROAD 30.0 FEET; THENCE NORTH 75 °52'41" EAST ALONG A SOUTHERLY LINE OF SAID UNIT THREE, 527.74 FEET TO THE SOUTHEASTERLY CORNER OF LOT 8 IN SAID UNIT THREE; THENCE SOUTH 14 EAST 150.0 FEET; THENCE NORTH 75 °52'41" EAST 110.0 FEET TO THE EXTENSION SOUTHERLY OF THE MOST EASTERLY LINE OF SAID UNIT THREE; THENCE SOUTH 14 0 07'19" EAST ALONG SAID EXTENSION, 280.0 FEET; THENCE SOUTH 75 0 52'41" WEST 637.74 FEET; THENCE NORTH 14 0 07'19" WEST 50.0 FEET; THENCE SOUTH 75 0 52'41" WEST 170.0 FEET TO THE EXTENSION SOUTHERLY OF THE MOST WESTERLY LINE OF SAID UNIT THREE; THENCE NORTH 14 WEST ALONG SAID EXTENSION, 410.0 FEET TO THE POINT OF BEGINNING; CONTAINING 7.52 ACRES; IN THE TOWNSHIP OF KENDALL, KENDALL COUNTY, ILLINOIS. i BEING FOXLAWN UNIT 4 SUBDIVISION THE PLAT OF WHICH WAS RECORDED ON MAY 2, 1973 AS DOCUMENT NO. 73 -2023 IN BOOK 14 OF PLATS ON PAGE 69. Legal Description checked 3/15/06 by TWG and AMR C: \Shared 2006 \Real Estate.2006 \River's Edge Recapture \Fox Lawn Unit 4 Legal.doc EXHIBIT "C" - PAGE 5 LEGAL DESCRIPTION FOX LAWN UNIT 5 i THAT PART OF THE NORTHWEST QUARTER OF SECTION 5 AND PART OF THE NORTHEAST QUARTER OF SECTION 6, TOWNSHIP 36 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF LOT 4 IN UNIT FOUR, FOXLAWN SUBDIVISION; THENCE NORTH 75 °52'41" EAST ALONG THE SOUTHERLY LINE OF SAID LOT 4,170 FEET TO THE WESTERLY RIGHT OF WAY LINE OF POPLAR ROAD; THENCE SOUTH 14 °07'19" EAST ALONG SAID WESTERLY LINE 50.0 FEET TO THE SOUTHERLY LINE OF SAID UNIT FOUR; THENCE NORTH 75 0 52'41" EAST ALONG SAID SOUTHERLY LINE OF SAID UNIT FOUR 637.74 FEET TO THE SOUTHEAST CORNER OF SAID UNIT FOUR; THENCE SOUTH 14 0 07'19" EAST ALONG THE SOUTHERLY EXTENSION OF THE EASTERLY LINE OF SAID UNIT FOUR 448.74 FEET; THENCE SOUTH 67 WEST 816.78 FEET TO A POINT ON THE SOUTHERLY EXTENSION OF THE WESTERLY LINE OF SAID UNIT FOUR; THENCE NORTH 14'07'19" WEST ALONG SAID SOUTHERLY EXTENSION 620.08 FEET TO THE POINT OF BEGINNING; CONTAINING 9.641 ACRES; IN KENDALL COUNTY, ILLINOIS. BEING FOXLAWN UNIT 5 SUBDIVISION, THE PLAT OF WHICH WAS RECORDED ON JUNE 3, 1974 AS DOCUMENT NO. 74 -2589 IN BOOK 15 OF PLATS ON PAGE 36. Legal Description checked 3/15/06 by TWG and AMR C: \Shared 2006\Real Estate.2006 \River's Edge Recapture \Fox Lawn Unit 5 Legal.doc EXHIBIT "C" - PAGE 6 LEGAL DESCRIPTION WILLIAMSPORT UNIT 1 i A PART OF THE SOUTH HALF OF SECTION 32, TOWNSHIP 37 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN, AND A PART OF THE NORTH HALF OF SECTION 5, TOWNSHIP 36 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST CORNER OF THE NORTHWEST QUARTER OF SAID SECTION 5, THENCE WEST ALONG THE NORTH LINE OF SAID SECTION 5, 964.76 FEET TO THE POINT OF BEGINNING: FROM SAID POINT OF BEGINNING, THENCE NORTH 11 °11'33" WEST, 160.68 FEET; THENCE NORTH 78 °48'27" EAST, 173.45 FEET; THENCE NORTH 11 °11'33" WEST, 5.0 FEET TO A POINT OF CURVATURE; THENCE NORTHWESTERLY ALONG A 554.64 FOOT RADIUS CURVE CONVEX NORTHEASTERLY, SAID CURVE BEING TANGENT TO THE LAST DESCRIBED LINE AT SAID POINT OF CURVATURE, AN ARC DISTANCE OF 416.82 FEET TO A POINT OF TANGENCY, THE CHORD TO SAID ARC BEARING NORTH 32 °43'19" WEST, 407.08 FEET; THENCE NORTH 54'15'09" WEST ALONG A LINE TANGENT TO THE LAST DESCRIBED CURVE AT SAID POINT OF TANGENCY, 19.27 FEET; THENCE NORTH 10 °26'01" WEST, 489.57 FEET TO THE SOUTHEASTERLY LINE OF FOX ROAD; THENCE NORTH 66 0 14'01" EAST ALONG SAID SOUTHEASTERLY LINE, 1856.94 FEET TO THE WESTERLY LINE OF UNIT 2, FRED ATLEE SUBDIVISION; THENCE SOUTH 3 °59'06" WEST ALONG SAID WESTERLY LINE AND ALONG SAID LINE EXTENDED SOUTHERLY AND ALONG THE WESTERLY LINE OF HUGHES SUBDIVISION OF LOT 1 OF OWNER'S PLAT OF PART OF THE SOUTHEAST QUARTER OF SECTION 32, TOWNSHIP 37 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN, 1700.86 FEET TO A CONCRETE MONUMENT AT THE SOUTHWESTERLY CORNER OF SAID HUGHES SUBDIVISION; THENCE SOUTH 78 0 48'27" WEST, 1384.49 FEET; THENCE NORTH 11 °11'33" WEST 189.32 FEET TO THE POINT OF BEGINNING, CONTAINING 50.707 ACRES, MORE OR LESS, THE SUBDIVISION TO BE KNOWN AS " WILLIAMSPORT, KENDALL COUNTY, ILLINOIS, UNIT 1 IN THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS. BEING WILLIAMSPORT UNIT 1 SUBDIVISION, YORKVILLE, KENDALL COUNTY, ILLINOIS, THE PLAT OF WHICH WAS RECORDED ON OCTOBER 5, 1972, AS DOCUMENT NO. 72 -4821, IN BOOK 14 OF PLATS AT PAGES 49 AND 50 Legal Description checked 3/15/06 by TWG and AMR C: \Shared 2006 \Real Estate.2006 \River's Edge Recapture \Williamsport Unit 1 Legal.doc EXHIBIT "C" - PAGE 7 LEGAL DESCRIPTION CHRISTIE PROPERTY THAT PART OF THE FOLLOWING DESCRIBED PARCELS OF REAL ESTATE LYING SOUTH - OF THE RAILNET RAILROAD RIGHT OF WAY: THAT PART OF THE EAST 1 /2 OF SECTION 31, PART OF SECTION 32, TOWNSHIP 37 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN, AND THAT PART OF THE NORTHWEST 1 /4 OF SECTION 5, TOWNSHIP 36 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN AND THE SUBDIVISION KNOWN AS WILLIAMSPORT, KENDALL COUNTY, ILLINOIS, UNIT 1, ALL DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST CORNER OF SAID NORTHWEST 1 /4; THENCE WESTERLY ALONG THE NORTH LINE OF SAID NORTHWEST 1 /4 961.24 FEET; THENCE SOUTH 10 DEGREES, 26 MINUTES, 01 SECONDS EAST 1497.56 FEET TO A CONCRETE MONUMENT FOR A POINT OF BEGINNING; THENCE SOUTH 69 DEGREES, 38 MINUTES, 10 SECONDS WEST ALONG A FENCE LINE 1473.73 FEET TO THE SOUTHEAST CORNER OF UNIT FIVE, FOXLAWN; THENCE NORTH 11 DEGREES, 45 MINUTES, 10 SECONDS WEST ALONG THE EASTERLY LINE OF SAID UNIT FIVE A DISTANCE OF 448.37 FEET TO THE NORTHEAST CORNER OF SAID UNIT FIVE; THENCE NORTH 11 DEGREES, 40 MINUTES, 29 SECONDS WEST ALONG THE EASTERLY LINE OF UNIT FOUR, FOXLAWN, AND SAID EASTERLY LINE OF UNIT FOUR EXTENDED, 599.86 FEET TO THE SOUTHEAST CORNER OF UNIT THREE, FOXLAWN; THENCE NORTH 11 DEGREES, 42 MINUTES, 29 SECONDS WEST ALONG THE EASTERLY LINE OF UNIT THREE OF FOXLAWN AND THE EASTERLY LINE OF UNIT ONE, FOXLAWN, 1413.44 FEET TO THE CENTER LINE OF FOX ROAD; THENCE NORTH 65 DEGREES 31 MINUTES 57 SECONDS EAST ALONG THE CENTER LINE OF FOX ROAD, 491.44 FEET; THENCE NORTH 15 DEGREES, 52 MINUTES, 00 SECONDS WEST 2011.98 FEET TO THE SOUTHEASTERLY RIGHT OF WAY LINE OF THE BURLINGTON, NORTHERN RAILROAD COMPANY LANDS; THENCE NORTH 15 DEGREES, 31 MINUTES, 50 SECONDS WEST 1584.60 FEET TO THE SOUTHERLY BANK OF THE FOX RIVER; THENCE EASTERLY ALONG SAID SOUTHERLY BANK TO A LINE DRAWN NORTH 10 DEGREES, 26 MINUTES, 01 SECONDS WEST FROM THE POINT OF BEGINNING; THENCE SOUTH 10 DEGREES, 26 MINUTES, 01 SECONDS EAST TO THE SOUTHERLY RIGHT OF WAY LINE OF FOX ROAD AS DEDICATED BY AN INSTRUMENT RECORDED JULY 22, 1957 IN DEED RECORD 118 ON PAGE 13 AS DOCUMENT 119187; THENCE NORTH 66 DEGREES, 00 MINUTES, 05 SECONDS EAST ALONG SAID SOUTHERLY RIGHT OF WAY LINE, BEING ALSO THE NORTHERLY LINE OF SAID WILLIAMSPORT, 1710.60 FEET TO AN ANGLE IN SAID SOUTHERLY LINE; THENCE SOUTH 23 DEGREES, 59 MINUTES, 55 EXHIBIT "C" - PAGE 7 LEGAL DESCRIPTION CHRISTIE PROPERTY (CONTINUED) SECONDS EAST, 10.0 FEET TO AN ANGLE IN SAID SOUTHERLY LINE; THENCE NORTH 66 DEGREES, 00 MINUTES, 05 SECONDS EAST ALONG SAID SOUTHERLY LINE, 143.66 FEET TO THE WEST LINE OF UNIT TWO, FRED ATLEE SUBDIVISION; THENCE SOUTH 03 DEGREES, 55 MINUTES, 08 SECONDS WEST ALONG SAID WEST LINE, 421.37 FEET TO THE SOUTHWEST CORNER THEREOF; THENCE SOUTH 04 DEGREES, 13 MINUTES, 22 SECONDS WEST ALONG THE WEST LINE OF UNIT TWO, MILLEN AND EMMONS SUBDIVISION, '333.12 FEET TO THE SOUTHWEST CORNER THEREOF; THENCE SOUTH 04 DEGREES, 26 MINUTES, 53 SECONDS WEST ALONG THE WEST LINE OF HARKER SUBDIVISION, 498.92 FEET TO THE SOUTHWEST CORNER THEREOF; THENCE SOUTH 03 DEGREES, 14 MINUTES, 05 SECONDS WEST ALONG THE WEST LINE OF HUGHES SUBDIVISION OF LOT 1 OF OWNERS PLAT OF PART OF THE SOUTH EAST 1 /a OF SECTION 32, TOWNSHIP 37 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL MERIDIAN, 443.66 FEET TO A CONCRETE MONUMENT AT THE SOUTHWEST CORNER THEREOF BEING THE SOUTHEAST CORNER OF SAID WILLIAMSPORT; THENCE SOUTH 78 DEGREES, 47 MINUTES, 53 SECONDS WEST ALONG THE SOUTH LINE OF SAID WILLIAMSPORT, 1383.29 FEET TO A LINE DRAWN NORTH 10 DEGREES, 26 MINUTES, 01 SECONDS WEST FROM THE POINT OF BEGINNING; THENCE SOUTH 10 DEGREES, 26 MINUTES, 01 SECONDS EAST, 1309.10 FEET TO THE POINT OF BEGINNING, IN THE UNITED CITY OF THE VILLAGE OF YORKVILLE, KENDALL COUNTY, ILLINOIS. Legal Description checked 3/15/06 by TWG and AMR : C: \Shared 2006 \Real Estate.2006 \River's Edge Recapture \Christie Property Legal.doc i -I I EXHIBIT "D" RECAPTURE AMOUNT RECAPTUREABLE COSTS OF WATER MAIN IMPROVEMENTS: $170.000.00 TOTAL RECAPTURE AREA: APPROXIMATELY 232 ACRES. RECAPTURE RATE: $732.76 PER ACRE ALLOCATION: A) FOXLAWN SUBDIVISION -ALL UNITS TOTAL ACREAGE: 44.35 TOTAL LOTS: 84 RECAPTUREABLE IMPROVEMENT COSTS PER ACRE: $732.76 RECAPTUREABLE IMPROVEMENT COSTS PER LOT: $386.88 B) WILLIAMSPORT UNIT 1 SUBDIVISION TOTAL ACREAGE: 50.71 TOTAL LOTS: 100 RECAPTUREABLE IMPROVEMENT COSTS PER ACRE: $732.76 RECAPTUREABLE IMPROVEMENT COSTS PER LOT: $371.58 C) CHRISTIE PROPERTY TOTAL ACREAGE: 137 RECAPTUREABLE IMPROVEMENT COSTS PER ACRE: $732.76 C: \Shared 2006 \Real Estate.2006 \River's Edge Recapture \exhibitD.doc t �� ,�