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File #: 2014-0075    Version: Name: Orland Crossing (Main Place of Orland Park) - Second Supplement to Amended and Restated Development Agreement - Ordinance
Type: ORDINANCE Status: PASSED
File created: 1/29/2014 In control: Board of Trustees
On agenda: 3/3/2014 Final action: 3/3/2014
Title: /Name/Summary ORDINANCE AUTHORIZING SECOND SUPPLEMENT TO AMENDED AND RESTATED DEVELOPMENT AGREEMENT BETWEEN VILLAGE OF ORLAND PARK, MAIN PLACE - ORLAND PARK ASSOCIATES, L.L.C. (MAIN PLACE AT ORLAND PARK) - NORTHEAST CORNER OF 143RD STREET AND LA GRANGE ROAD)
Attachments: 1. RECORDED DOC, 2. Ordinance, 3. Main Place Second Supplement to Amended and Restated Development Agreement, 4. Signed - Main Place Second Supplement to Amended and Restated Development Agreement

Title/Name/Summary

ORDINANCE AUTHORIZING SECOND SUPPLEMENT TO AMENDED AND RESTATED DEVELOPMENT AGREEMENT BETWEEN VILLAGE OF ORLAND PARK, MAIN PLACE - ORLAND PARK ASSOCIATES, L.L.C. (MAIN PLACE AT ORLAND PARK) - NORTHEAST CORNER OF 143RD STREET AND LA GRANGE ROAD)

 

Body

WHEREAS, the Corporate Authorities of the Village of Orland Park, Cook and Will Counties, Illinois, did consider a Second Supplement to the Amended and Restated Development Agreement for the development of certain property within the corporate limits of the Village of Orland Park, said development known as “Orland Park Crossing”, a true and correct copy of which is attached hereto and made a part hereof as EXHIBIT 1; and

 

 

WHEREAS, the Corporate Authorities of the Village of Orland Park, Cook and Will Counties, Illinois, have determined that it is in the best interests of said Village of Orland Park that said Supplement be entered into by the Village of Orland Park;

 

 

NOW, THEREFORE, Be It Ordained by the President and Board of Trustees of the Village of Orland Park, Cook and Will Counties, Illinois, as follows:

 

 

SECTION 1

 

This President and Board of Trustees of the Village of Orland Park hereby find that it is in the best interests of the Village of Orland Park and its residents that the aforesaid “SECOND SUPPLEMENT TO AMENDED AND RESTATED DEVELOPMENT AGREEMENT BETWEEN VILLAGE OF ORLAND PARK, MAIN PLACE - ORLAND PARK ASSOCIATES, L.L.C. (MAIN PLACE AT ORLAND PARK) - NORTHEAST CORNER OF 143RD STREET AND LA GRANGE ROAD)” be entered into and executed by said Vil-lage of Orland Park with said Agreement to be substantially in the form attached hereto and made a part hereof as EXHIBIT 1.

 

 

SECTION 2

 

The President and Clerk of the Village of Orland Park, Cook and Will Counties, Illinois, are hereby authorized to execute for and on behalf of said Village of Orland Park the aforesaid Agreement; provided, however, that all of the other parties to said Agreement have properly signed and executed the same.

 

 

 

 

SECTION 3

 

This Ordinance shall take effect from and after its passage and approval in the manner provided by law.