Title/Name/Summary
Village Code Amendment: Revise Escrow Regulations for Plat-Only Reviews
History
AMENDMENT EXPLANATION
Section 1-18-5-3: Escrow and Reimbursement
Add language to charge escrow fees for subdivisions, consolidations, and other plat-only reviews petitioned for approval.
AMENDMENT SUMMARY
This proposed amendment aims to update the Village Code regarding the handling of escrow deposits by applicants undergoing subdivision, consolidation, and other plat-only reviews within the Village. Presently, the Village bears the burden of various fees and costs, including legal and recording expenses working plat-only development petition approval. The amendment seeks to correct this imbalance by instituting a requirement for applicants to deposit an escrow with the Village. Additionally, the amendment entails several other changes to enhance clarity and organization within the code section. These adjustments are alongside the addition of a chart and rephrasing of language for ease of reference.
This agenda item is being considered by the Committee of the Whole and the Village Board of Trustees on the same night.
Recommended Action/Motion
I move to recommend to the Village Board to approve the Village Code Amendment for Case number 2024-0377, also known as Village Code Amendment: Revise Escrow Regulations for Plat-Only Reviews;
AND
I move to recommend to the Village Board to adopt an Ordinance entitled: AN ORDINANCE AMENDING TITLE 1, CHAPTER 18 OF THE ORLAND PARK VILLAGE CODE IN REGARD ESTABLISHING ESCROWS FOR DEVELOPMENT REVIEW PROFESSIONAL FEES AND COSTS
THIS PART IS FOR REFERENCE ONLY (NOT NECESSARY TO BE READ)
I move to recommend to the Village Board to approve the Village Code Amendment for Section 1-18-5-3: Escrow and Reimbursement as presented in the attached report titled Village Code Amendment: Revise Escrow Regulations for Plat-Only Reviews.