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Ordinance 2005-016 i STATE OF ILLINOIS ) ss COUNTY OF KENDALL ) i ORDINANCE NO. 2005- Ak_ AN ORDINANCE AUTHORIZING THE EXECUTION OF A DEVELOPMENT AGREEMENT FOR RIVER OAKS PROPERTY DEVELOPMENT, LLC WHEREAS, it is prudent and in the best interest of the UNITED CITY OF YORKVILLE, Kendall County, Illinois, that a certain Development Agreement (Attached hereto and made a part hereof as "Exhibit "A ") pertaining to the approval of a zoning change and development of real estate described in the Development Agreement be entered into by the UNITED CITY OF YORKVILLE; and WHEREAS, said Development Agreement has been drafted and has been considered by the City Council; and WHEREAS, the legal owners of record of the territory which is the subject of said Development Agreement are ready, willing and able to enter into said Development Agreement and to perform the obligations as required hereunder; and WHEREAS, the procedures for the execution of said Development Agreement have been fully complied with; and I 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 Mayor and the City Clerk are herewith authorized and directed to execute, on behalf of the City, a Development Agreement concerning the rezoning of the real estate described therein, a copy of which Development Agreement is attached hereto and made a part hereof as Exhibit "A" Section 2: This ordinance shall be in full force and effect from and after its passage and approval as provided by law. WANDA OHARE JOSEPH BESCO VALERIE BURD � PAUL JAMES LARRY KOT � MARTY MUNNS ROSE SPEARS RICHARD STICKA Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this _�� Day o c �� A.D. 2005. MAYOR Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this day of , A.D. 2005. ATTEST: CITY CLERK Page 2 of 3 Prepared by: John Justin Wyeth City Attorney United City of Yorkville 800 Game Farm Road Yorkville, IL 60560 Page 3 of 3 EXHIBIT "A" DEVELOPMENT AGREEMENT The developer did not execute the development agreement in 2005 when this Ordinance was approved by the City Council. This Ordinance has been replaced with Ordinance No. 2010 -27 — Ordinance Reapproving a Development Agreement with and Approving a Rezoning to B -2 General Business District for River Oaks Property Development, LLC.