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R-22-09�i C VILLAGE OF DEERFIELD I IIIIIII (IIIII III IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIII IIII Image# 061959270013 Type: ORD STATE OF ILLINOIS ) Recorded: 03,04/2022 at 12:44: 18 PM Receipt#: 2022-00020025 Page i of 13 COUNTIES OF LAKE AND COOK ) SS Fees: $50.00 Lake County IL Recorder Mary Ellen Vanderventer Recorder VILLAGE OF DEERFIELD ) File 7 8 8 O 5 6 3 The undersigned hereby certifies that he is the duly appointed Deputy Village Clerk of the Village of Deerfield, Lake and Cook Counties, Illinois, and that the attached is a true and accurate copy of R-22-09 Dated this March 4 2022 A Resolution Approving a First Amendment to a Development Agreement (658, 662, and 702 Elm Street) ffjwj --L DANIEL VAN DUSEN Deputy Village Clerk Prepared by and after recording return to Daniel Van Dusen Village of Deerfield 850 Waukegan Road Deerfield, IL 60015 850 WAUKEGAN ROAD DEERFIELD, ILLINOIS 60015 TELEPHONE 847.945.5000 FAX 847.945.0214 VILLAGE OF DEERFIELD RESOLUTION NO. R-22-09 A RESOLUTION APPROVING A FIRST AMENDMENT TO A DEVELOPMENT AGREEMENT (658, 662, and 702 Elm Street) WHEREAS, 1219 Partners, LLC ("Developer') is the record owner of that certain real property consisting of approximately 0.89 acres located at the address commonly known as 658, 662, and 702 Elm Street in the Village ("Property's WHEREAS, on November 5, 2018, the Village Board adopted Ordinance No. 0-18- 35 granting a special use permit for a planned residential development for the Property (collectively, the "Final Approvals'; and WHEREAS, the Final Approvals required that the Village and Developer enter into a development agreement governing the use and development of the Property ("Development Agreement"); and WHEREAS, on November 5, 2018, the Village and the Developer entered in the Development Agreement, which Development Agreement was recorded with the Lake County Recorder of Deeds as Document No. 7539481; and WHEREAS, pursuant to the Final Approvals and the Development Agreement, Developer developed seven townhomes on the Property with 28 parking spaces ("Proposed Development'). WHEREAS, Developer originally planned to sell the dwelling units in the Proposed Development as condominiums; and WHEREAS, pursuant to Section 6 of the Development Agreement, Developer is required to create an association for the owners of the dwelling units on the Property ("Association') pursuant to the Condominium Property Act, 765 ILCS 605/1 et seq., and, prior to the sale of any dwelling unit on the Property, create and record against the Property the governing documents of the Association that meet certain requirements of the Village; and WHEREAS, Developer has completed the Proposed Development, but now desires to sell the Property to a buyer to be used for residential rental units, and not for condominium units; and WHEREAS, Developer has requested the Village to amend the Development Agreement pursuant to an amendment to allow for the Property to be sold and used for residential rental units without requiring the creation of an Association and the recording of governing documents ("Amendment's; and WHEREAS, the Village Board has determined that entering into the Amendment with Developer will serve and be in the best interest of the Village; {00125022.1) NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE BOARD OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, as follows: SECTION ONE: RECITALS. The foregoing recitals are incorporated into, and made a part of, this Resolution as findings of the Village Board. SECTION TWO: APPROVAL OF AMENDMENT. The Amendment by and between the Village and Developer is hereby approved in substantially the form attached to this Resolution as Exhibit A, and in a final form to be approved by the Village Attorney. SECTION THREE: EXECUTION OF AMENDMENT. The Mayor and the Village Clerk are hereby authorized and directed to execute and attest, on behalf of the Village, the Amendment upon receipt by the Village Clerk of at least one original copy of the Amendment executed by Developer; provided, however, that if the executed copy of the Amendment is not received by the Village Clerk within 30 days after the effective date of this Resolution, then this authority to execute and attest will, at the option of the Village Board, be null and void. SECTION FOUR: EFFECTIVE DATE. This Resolution will be in full force and effect upon its passage and approval by a majority of the members of the Village Board. [SIGNATURE PAGE FOLLOWS] {00125022.1} AYES: Benton, Jacoby, Jester, Metts-Childers, Oppenheim, Seiden NAYS: None ABSTAIN: None ABSENT: None PASSED: February 22, 2022 APPROVED: February 23, 2022 RESOLUTION NO. R-22-09 ATTEST: Village Clerk #29495561 v2 Daniel C. Shapiro, Mayor {00125022.1) EXHIBIT A AMENDMENT {00125022.1) THIS DOCUMENT PREPARED BY AND AFTER RECORDING RETURN TO - Benjamin L. Schuster Elrod Friedman LLP 325 N LaSalle Street Suite 450 Chicago, IL 60654 i Above Space For Recorder's Use Only L — — — FIRST AMENDMENT TO THE DEVELOPMENT AGREEMENT BETWEEN THE VILLAGE OF DEERFIELD AND 1219 PARTNERS, LLC (658, 662 AND 702 ELM STREET) DATED AS OF �� , 2022 {00124815.1) #58750385_v2 FIRST AMENDMENT TO DEVELOPMENT AGREEMENT BETWEEN THE VILLAGE OF DEERFIELD AND 1219 PARTNERS, LLC (658, 662 AND 702 ELM STREET) THIS FIRST AMENDMENT TO DEVELOPMENT AGREEMENT ("First Amendment'] is made as of the Zha day of M r ., 2022, by and among the VILLAGE OF DEERFIELD, an Illinois home rule municipal corporation ("Vtllage'�, and 1219 PARTNERS, LLC, an Illinois limited liability company ("Developer']. IN CONSIDERATION OF the recitals and the mutual covenants and agreements set forth in this First Amendment, and pursuant to the Village's home rule powers, the parties hereto agree as follows: SECTION 1. RECITALS. A. The Property is an approximately 0.89-acre site comprised of three lots of record commonly known as 658, 662, and 702 Elm Street, in Deerfield, Illinois. B. As of the Effective Date of this First Amendment, Developer is the record title owner of the Property. C. On November 5, 2018, the Village Board adopted Ordinance No. 0-18-35 approving a special use for a planned development, a final development plan, and zoning exceptions to allow for the redevelopment of the Property ("Special Use Ordinance'. D. As a condition of the Special Use Ordinance, the Village and Developer entered into that certain Development Agreement dated November 5, 2018, which was recorded with the Lake County Recorder of Deeds as Document No. 7539481, to govern the redevelopment of the Property. E. Pursuant to the Special Use Ordinance and Development Agreement, Developer developed seven townhomes on the Property, a three-townhome structure and a four- townhome structure (collectively, the "Townhome Structures'], for a total of seven townhomes, each with four parking spaces, for a total of 28 parking spaces ("Proposed Development'). F. Developer originally planned to sell the dwelling units in the Proposed Development as condominiums. Therefore, pursuant to Section 6 of the Development Agreement, Developer is required to create an association for the owners of the dwelling units on the Property ("Association'l pursuant to the Condominium Property Act, 765 ILCS 60511 et seq. and, prior to the sale of any dwelling unit on the Property, create and record against the Property the Governing Documents of the condominium association meet certain requirements of the Village. G. Developer has completed the Proposed Development and the Village accepted the Public Improvements on December 21, 2020. H. Developer now desires to sell the Property to be used for residential rental units, and not for condominium units. {00124815.1} I. Developer has requested the Village to amend the Development Agreement pursuant to this First Amendment to allow for the Property to be sold and used for residential rental units without requiring the creation of an Association and the recording of Governing Documents. SECTION 2. DEFINITIONS: RULES OF CONSTRUCTION. A. Definitions. All capitalized words and phrases used throughout this First Amendment have the meanings set forth in the various provisions of this First Amendment. If a word or phrase is not specifically defined in this First Amendment, it has the same meaning as in the Development Agreement. B. Rules of Construction. Except as specifically provided in this First Amendment, all terms, provisions and requirements contained in the Development Agreement remain unchanged and in full force and effect. In the event of a conflict between the text of the Development Agreement and the text of this First Amendment, the text of this First Amendment controls. SECTION 3. AMENDMENT TO SECTION 3 OF DEVELOPMENT AGREEMENT. Section 3 of the Development Agreement is hereby amended further to read as follows: "SECTION 3. REDEVELOPMENT, USE, OPERATION AND MAINTENANCE OF THE PROPERTY. Notwithstanding any use or development right that may be applicable or available to the Property pursuant to the Zoning Code, the Property must be redeveloped, used, operated, and maintained only pursuant to, and in accordance with, the terms and provisions of this Agreement and its exhibits, including, without limitation, the following development restrictions: C. Maintenance Prior to Sale. Upon completion of construction of the Improvements, Developer must maintain: (1) each and every one of the townhomes on the Property in a first rate condition and Sestien 6 of this Agreement, until thedwel"RgURit is sub6tanfia4y unless and until the Condominium Declaration is recorded against the Property and the townhomes are sold to individual owners; and (2) the Common Area, which maintenance must include, without limitation, seeding and mowing; provided, however, that, without limiting Developer's obligations under this Section 3.C, from and after the Transfer Date, as defined in the Condominium Declaration, some or all of such maintenance items may be provided by the Association, as governed by the Condominium Declaration. *1, {00124815.1) SECTION 4. AMENDMENT TO SECTION 6 OF DEVELOPMENT AGREEMENT. Section 6 of the Development Agreement is hereby amended further to read as follows: "SECTION 6. CONDOMINIUM DECLARATION. In the event that Developer seeks to sell or convert all or any portion of the Property in a manner that results in any portion of the Property not beina held in common ownership such as converting a portion of the Property into condominium uses prior to any sale or conversion.a A declaration of condominium ownership ("Condominium Declaration'), acceptable in form and substance to the Village Attorney, must be executed by Developer and recorded against the Property in the office of the Lake County Recorder of Deeds. The Condominium Declaration must be executed and recorded not later than the date on which the closing for the sale of any dwelling unit subject to the Condominium Declaration takes place. The Condominium Declaration must contain a provision prohibiting any amendment thereto that would conflict with this Agreement without prior approval by the Corporate Authorities. Further, without limitation of the foregoing, the Condominium Declaration must, at a minimum, contain the following provisions: A. Condominium Association. Developer must create and establish an association for the owners of the dwelling units on the Property ("Association") in the same manner as is required for condominiums under the Illinois Condominium Property Act and all other Requirements of Law. The documents creating and governing the Association, including, without limitation, the Condominium Declaration and the by-laws ("Governing Documents"), must, at a minimum, contain the following provisions: 1. Membership in Association. Membership in the Association is mandatory for each and every owner and successive owner having a right to the use or benefit of any portion of the Common Area. 2. Insurance. The Association is responsible for casualty and liability insurance and real estate taxes for the Common Area. 3. Operation and Maintenance. The Association will own, and will be responsible for the continuity, care, conservation, maintenance, and operation of, in a first rate condition, in perpetuity, and in accordance with predetermined standards, the Common Area, and all landscaping, equipment, appurtenances and stormwater detention facilities located on or within the Common Area and the cost of power required for such equipment and appurtenances. The Association must regularly and systematically perform the maintenance, repair, and replacement of any and all parts or portions of the Common Area necessary to permit the Common Area to function as originally designed. 4. Snow Removal. The Association, and not the Village, will be responsible, at the Association's expense, for snow removal on or from the Property. 5. Association Fees. The owners of each dwelling unit must pay their pro rata share of all costs and expenses incurred by the Association by means of assessments to be levied by the Association that meet the requirements (00124815.1) for becoming a lien, foreclosable in the same manner as statutory mortgage liens, on each such member's fee interest in the Property in accordance with the statutes of the State of Illinois. The Association will have the right to adjust the assessment to meet changing needs. The membership vote required to authorize such an adjustment may not be fixed at more than 51% of the members voting on the issue, unless otherwise required by the Illinois Condominium Property Act. Notwithstanding any provision of this Section 6.A.5 to the contrary, no off-street parking space that is required to be located on the Property pursuant to the Zoning Code may be sold or transferred except as part of the sale or transfer of the dwelling unit for which the use of such parking space is reserved. 6. Final Approval by Village. The Village, through its Principal Planner, has the right of final approval of the Governing Documents. 7. Approval of Modifications by Village. No modifications or revisions to the provisions in the Governing Documents required pursuant to Section 6 of this Agreement, or to any provision that is inconsistent with the requirements of this Agreement will be effective without the prior review and written approval of the Village Principal Planner. B. General Provisions. 1. Enforcement of Governing Documents. The Village, as well as the owners of each dwelling unit, will have the right to enforce the Governing Documents. 2. Village Performance. The Village will have the right, but not the obligation, after 30 days written notice to the Association, to perform any preservation, maintenance or repair work that, in the sole opinion of the Village, the Association has neglected to perform on the Common Area, to assess the members of the Association for such work, and to file a lien against the property of the Association or the property of any member failing to pay the assessment. 3. Run with Pro -ert.. The Condominium Declaration must run with and bind the Property, each dwelling unit, and all portions thereof, and will be binding on Developer, and its successors in interest, to the Property and the dwelling units." SECTIONS. AMENDMENT TO SECTION 12 OF DEVELOPMENT AGREEMENT_. Section 12 of the Development Agreement is hereby amended further to read as follows: "SECTION 12.TERM. The provisions of this Agreement run with and bind the Property and inures to the benefit of, is enforceable by, and obligates the Village, Developer, and any of their respective, grantees, successors, assigns, and transferees, including all successor legal or beneficial owners of all or any portion of the Property, from the date this Agreement is recorded and until: (a) the Improvements are approved by the Village and the Public Improvements, as required by this Agreement and the Village Code, are accepted by the Village; and (b) all maintenance and guarantee periods established pursuant to this Agreement have concluded. Following such approval, acceptance, and conclusion, the Village agrees, upon written request of the Developer, to execute (00124815.11 appropriate and recordable evidence of the termination of this Agreement. Notwithstanding anything contrary contained herein. Section 6 of this A_areement shall survive termination of this Agreement and continue to run with and bind the Property. If any of the privileges or rights created by this Agreement would otherwise be unlawful or void for violation of: (i) the rule against perpetuities or some analogous statutory provision; (ii) the rule restricting restraints on alienation; or (iii) any other statutory or common law rules imposing time limits, then the affected privilege or right will continue only until 21 years after the death of the last survivor of the now living lawful descendants of the current President of the United States, or for any shorter period that may be required to sustain the validity of the affected privilege or right." SECTION 6. RECORDING-, BINDING EFFECT. A copy of this First Amendment will be recorded against the Property in the Office of the Lake County Recorder of Deeds. This First Amendment and the privileges, obligations, and provisions contained herein run with the Property and inure to the benefit of, and are and will be binding upon, the Developer and its personal representatives, successors, and assigns. SECTION 7. REPRESENTATIONS. A. By the Villa e. The Village hereby represents and warrants that: (1) the persons executing this First Amendment on its behalf have been properly authorized to do so by the Corporate Authorities; (2) it has full power and authority to execute and deliver this First Amendment and to perform all of its obligations imposed pursuant to this First Amendment; and (3) this First Amendment constitutes a legal, valid and binding obligation of the Village enforceable in accordance with its terms. B. By the Develo[er. The Developer hereby represents and warrants that: (1) it has full power and authority to execute and deliver this First Amendment and to perform all of its obligations imposed pursuant to this First Amendment; and (2) this First Amendment constitutes a legal, valid and binding obligation of the Developer enforceable in accordance with its terms. [SIGNATURE PAGE FOLLOWS] {00124815.1) IN WITNESS WHEREOF, the Parties have hereunto set their hands on the date first above written. ATTEST• tindrew S. Lichterman Acting Village Manager/Deputy Village Clerk ATTEST: L {00124815.11 VILLAGE OF DEERFIELD, an Illinois home rulemunicipal corporation By: l J" Daniel C. Shapiro Its: Mayor 1219 PARTNERS, LLC, an Illinois limited liability company By: _ ACKNOWLEDGMENTS STATE OF ILLINOIS ) ) SS. COUNTY OF LAKE ) This instrument was acknowledged before me on Marck Z , 2022, by Daniel C. Shapiro, the Mayor of the VILLAGE OF DEERFIELD, an Illinois municipal corporation, and by Andrew S, Lichterman, the Acting Village Manager/Deputy Village Clerk of said municipal corporation. Given under my hand and official seal this ha day of mar ., 2022. OFFICIAL SEAL DANIEL VAN DUSEN NOTARY PUBLIC, STATE OF ILLINOIS MY COMMISSION EXPIRES:1110212025 Notary Public My Commission expires:_ 11102 4 z0Z5 SEAL STATE OF ILLINOIS ) �� j SS. COUNTY OF This instrument was acknowled ed before me on \ 2022, by 'Q the of 1219 Partners, LLC, an Illinois liability company, and by the of said limited liability company. Given under my hand and official seal this 1--day of �"LG'�, 2022. My Commission expires: SEAL Not ublic 5 < <ca23 NA PRATT NOLcl j ,4 IllinoJ2023 LmyCommis R, {00124815.11 ROSANNA PRATT Official Seal CNotary Public - State of Illinois mission Expires May 18, 2023