Title/Name/Summary
License, Access and Indemnity Agreement - Downtown Orland Park Parcel H
History
Under the current redevelopment agreement (RDA) with E and R Development Corporation (Edwards Realty Company), the developer is permitted to construct a stand-alone restaurant and associated facilities on Parcel H. The RDA allows construction on Parcel H only after the Village passes title to Parcel H to the developer. Both the developer and the Village are not currently prepared to close on the passage of title to Parcel H. However, the developer wishes to enter onto Parcel H, at its sole cost, expense and risk, to conduct various construction activities pursuant to the RDA.
Both the developer and Village desire to enter into this agreement to allow the developer to expeditiously begin the construction that the developer is obligated to perform pursuant to the RDA and the developer’s agreements with Weber Grill.
Once construction has begun both parties will work to complete the tasks necessary to close on Parcel H pursuant to the RDA.
Recommended Action/Motion
I move to approve and authorize the execution of a License, Access and Indemnity Agreement with E and R Development Corporation;
AND
Authorize the Village Manager to execute the agreement, subject to Village Attorney review.