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Ordinance 2005-020 STATE OF ILLINOIS � ss. COPY COUNTY OF KENDALL ) ORDINANCE NO. 2005 - c ;Z0 ENABLING ORDINANCE TO CREATE SPECIAL SERVICE AREA 2005- FOR MENARD. INC.. A WISCONSIN CORPORATION (PRAIRIE MEADOWS SUBDIVISION) NOW COMES, MENARD, INC., a Wisconsin Corporation, the Owner and Developer of 100% real property except for Lots 81, 82, 83, 84, and 85, and AMG HOMES, INC., an Illinois Corporation, the Owner ofLots 81, 82, 83, 84, and 85 ofthe PRAIRIE MEADOWS SUBDIVISION and the UNITED CITY OF YORKVILLE herein after referred to as "CITY" who agree to create a Special Service area upon the following terms and conditions: WHEREAS, MENARD, INC., wishes to provide additional security to the UNITED CITY OF YORKVILLE for purposes of guaranteeing unique and special municipal services to the Prairie Meadows Subdivision; and WHEREAS, the owner of 100% of the subject real property hereinafter described in the attached Exhibit "A" has entered into a Declaration of Covenant and Restrictions for the Prairie Meadows Homeowners' Association dated providing for repair and maintenance of monuments, signage, landscaping, other common area maintenance responsibilities, 1 and administrative expenses for said Development; and WHEREAS, the Declaration of Covenants and Restrictions of record dated have provided a primary duty with the Homeowners' Association ofthe Prairie Meadows Subdivision to have maintenance and repair responsibility for the above specified purposes; and �I WHEREAS, the CITY is desirous of providing a back -up mechanism providing for the payment of any cost of maintenance and repair of the above - described purposes as well as any common elements, and subdivision entrance monumentation and signage to the Prairie Meadows Subdivision and if the Homeowners' Association of the Prairie Meadows Subdivision does not satisfactorily, in the opinion of the CITY, maintain those items above listed up to a safe and passable standard for the residents of the Prairie Meadows Subdivision that a mechanism be established in order to provide that services are provided, which shall not become a tax burden on the general citizenry of the CITY; and WHEREAS, pursuant to 35 ILCS 200 \27 -5 (2002) et. seq. provides for the creation of Special Service Area for the provision of municipal responsibility to be assessed to a given area to finance those maintenance and improvements to the specifically designated area, providing unique and special services contained in said Service Area; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE UNITED CITY OF YORKVILLE AS FOLLOWS: SECTION I That a Special Service Area is created for tax purposes in the Prairie Meadows Subdivision p PmP covering all platted lots within said SUBDIVISION, known as "Prairie Meadows Subdivision ". 2 I That the area designated for coverage by said Special Service Area is as set out in the attached Exhibit "A" to this Ordinance. SECTION H That said Special Service Area is being created as a secondary source of financing to provide for any maintenance and repair of landscaping, subdivision entrance monumentation, and signage within common areas not carried out by the Prairie Meadows Homeowners' Association as well as the associated administrative expenses incurred by the CITY. SECTION III That prior to the imposition of any levy oftaxes pursuant to an act creating a Special Service Area Tax Act, 35 ILCS 200 \27 -5 (2002) et seq., a hearing shall be held in accordance with said Statute providing for the amount of taxes to be levied, the purposes for which said taxes are levied, and the necessity of levying said tax against the Prairie Meadows Subdivision only in the event that the Homeowners = Association of said Subdivision does not maintain the above specified improvements, as well as common areas, subdivision entrance monumentation and signage of said Subdivision in a safe and passable manner. SECTION IV That any tax so levied shall be levied based on the assessed value of each of the taxable units located within said Subdivision. Notification of said levy shall be given in accordance with said Statute above cited in conformance with Illinois Compiled Statutes as to each individual dwelling unit owner on any platted lot in said Subdivision. SECTION V The UNITED CITY OF YORKVILLE shall have power to issue Bonds pursuant to said 3 Special Service Area Tax Act to complete said work and to levy repayment on an annual real estate tax bill basis against each dwelling unit within the Prairie Meadows Subdivision. THIS ORDINANCE SHALL BE IN FULL FORCE AND EFFECT UPON ITS PASSAGE AND APPROVAL. 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 of A.D. 20 Z�OR PASSED by the City Council of the United City of Yorkville, Kendall County, Illinois this day of , A.D. 20 Attes . CITIN CLERK Prepared by & Return to: Law Offices of Daniel J. Kramer I I 07 S. Bridge Street Yorkville, Illinois 60560 630.553.9500 4