VILLAGE OF ORLAND PARK - File #: 2011-0789

• File #: 2011-0789
• Version: 0
• Name: BMW Amendment
• Type: MOTION
• Status: PASSED
• File created: 12/13/2011
• In control: Board of Trustees
• Final action: 12/19/2011
• Title: /Name/Summary BMW Amendment See File ID 2009-0357 for Original Agreement Inducement Agreement Evergreen Motors

Date	Ver.	Action By	Action	Result
12/19/2011	0	Board of Trustees	APPROVED	Pass
12/13/2011	0	Development Services Department	INTRODUCED TO BOARD

Title/Name/Summary

BMW Amendment

See File ID 2009-0357 for Original Agreement

Inducement Agreement

Evergreen Motors

History

The Village of Orland Park has an existing inducement agreement with Evergreen Motors, dba BMW of Orland Park dated December 21, 2009.  This existing agreement provides for sales tax sharing for a period of ten years provided the dealership facility opened no later than September 30, 2011.

Due to a number of unforeseen economic circumstances, the opening of the new dealership at the corner of 159^th/Wolf Rd. was delayed.  The Village has received a request from BMW to amend the existing agreement to provide for the dealership facility to be opened to the public on or before May 30, 2012.  All other terms of the agreement will remain the same. 

Recommended Action/Motion

I move to approve the Amendment to the Inducement Agreement - Evergreen Motors, Inc., doing business as BMW of Orland Park to extend the opening of the dealership to on or before May 30, 2012.  All other terms of the Agreement will remain the same.