VILLAGE OF ORLAND PARK - File #: 2011-0308

• File #: 2011-0308
• Version: 4
• Name: Terry's Lincoln/Mercury - Amended Agreement - Ordinance
• Type: ORDINANCE
• Status: PASSED
• File created: 5/10/2011
• In control: Board of Trustees
• On agenda: 7/18/2011
• Final action: 7/18/2011
• Title: /Name/Summary ORDINANCE AUTHORIZING SECOND AMENDED AND RESTATED BUSINESS DEVELOPMENT AGREEMENT (TERRY’S LINCOLN MERCURY, INC.)

Date	Ver.	Action By	Action	Result
8/5/2011	4	Village Clerk	PUBLISHED
7/18/2011	3	Board of Trustees	PASSED	Pass
7/12/2011	3	Development Services Department	INTRODUCED TO BOARD
7/5/2011	2	Board of Trustees	APPROVED	Pass
6/29/2011	1	Development Services Department	INTRODUCED TO BOARD
6/6/2011	1	Board of Trustees	APPROVED	Pass
5/31/2011	1	Development Services Department	INTRODUCED TO BOARD
5/16/2011	0	Development Services & Planning Committee	RECOMMENDED FOR APPROVAL	Pass
5/11/2011	0	Development Services Department	INTRODUCED TO COMMITTEE

Title/Name/Summary

ORDINANCE AUTHORIZING SECOND AMENDED AND RESTATED BUSINESS DEVELOPMENT AGREEMENT (TERRY’S LINCOLN MERCURY, INC.)

Body

WHEREAS, the Corporate Authorities of the Village of Orland Park, Cook and Will Counties, Illinois, did consider a Second Amended and Restated Business Development Agreement providing for certain tax incentives and rebates to the dealer of the Lincoln/Mercury/Subaru automobile dealership located at the southwest corner of 143^rd Street and John Humphrey Drive in the Village, and said Agreement being entitled “SECOND AMENDED AND RESTATED BUSINESS DEVELOPMENT AGREEMENT (TERRY’S LINCOLN MERCURY, INC.),” 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 Agreement 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 AMENDED AND RESTATED BUSINESS DEVELOPMENT AGREEMENT (TERRY’S LINCOLN MERCURY, INC.)” 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.