Title/Name/Summary
ORDINANCE AUTHORIZING AMENDMENT TO THE SECOND AMENDED AND RESTATED BUSINESS DEVELOPMENT AGREEMENT (TERRY’S LINCOLN MERCURY, INC.)
B
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 143rd Street and John Humphrey Drive in the Village, and said Agreement being entitled “AMENDMENT TO THE 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 “AMENDMENT TO THE SECOND AMENDED AND RESTATED BUSINESS DEVELOPMENT AGREEMENT (TERRY’S LINCOLN MERCURY, INC.)” be entered into and executed by said Village 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 eff...
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