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R-70-11< . RESOLUTION NO. R -70- 11 RESOLUTION APPROVING AMENDMENT TO RESTRICTIVE COVENANT AGREEMENT BETWEEN THE VILLAGE OF DEERFIELD AND'VALENTI SAUGANASH ESTATES,INC. WHEREAS, VALENTI SAUGANASH ESTATES, INC., heretofore at the request of the President and Board of Trustees of the Village of Deerfield, imposed certain restrictions on the use and development of the real estate described in the attached Exhibit and commonly known as Deerbrook Shopping Center (Phase I); and WHEREAS, the President and Board of Trustees after due and,careful consideration have concluded that the best interests of the Village will be served by modifying said restrictions on the development of said real estate. NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND'COOK COUNTIES, ILLINOIS, AS FOLLOWS: SECTION That the Amendment to Restrictive Covenant ONE: Agreement between the Village of Deerfield and Valenti Sauganash Estates, Inc., attached hereto and made a part hereof, be and the same is hereby approved. SECTION That the President and Clerk of the Village of TWO: Deerfield are hereby authorized and directed to execute said Agreement on behalf of the Village of Deerfield. AYES: FOUR (4) NAYS: NONE (0) ABSENT: ONE (1) PASSED this 15th day of June A.D. 1970 APPROVED this 15th day of June A.D. 1970 ATTEST: VILLAGE CLERK VILLAGE PRESIDENT