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R-21-10VILLAGE OF DEERFIELD RESOLUTION NO. R-21-10 A RESOLUTION GRANTING A ONE YEAR EXTENSION TO A DEVELOPMENT SCHEDULE AND APPROVING AN AMENDMENT TO A DEVELOPMENT AGREEMENT FOR A COMMERCIAL PLANNED DEVELOPMENT 10 S, 158 S, and 184 S Waukegan Road — REVA Development) WHEREAS, Gateway Fairview, Inc., a Delaware corporation ("Owner'), is the record owner of that certain parcel of real property commonly known as 10 S, 158 S, and 184 S Waukegan Road, Deerfield, Cook County, Illinois ("Property's; and WHEREAS, the Property is located entirely within the 47.45 -acre Deerbrook Shopping Center Commercial Planned Unit Development ("Deerbrook PUD'; and WHEREAS, on June 18, 2019, the Village Board adopted Ordinance No. 0-19-17, granting for the Property: (i) approval of an amendment to the Deerbrook PUD; (ii) an amendment to the Final Development Plan for the Property; (iii) a zoning exception from 5.02-F-5 of the Zoning Ordinance; (iv) a zoning exception from Appendix 1 of the Zoning Ordinance; and (v) a special use permit ("Special Use's for a multi -family rental apartment community (collectively, the "Final Approvals'); and WHEREAS, the Final Approvals allowed the Owner to demolish the improvements on the Property ("Demolition's and construct on the Property: (i) one residential apartment building consisting of five stories and 186 rental units with an attached four-story parking garage; (ii) 60 rental townhome units in nine buildings of four to 10 units; (iii) a surface off- street parking lot; and (iv) two acres of greenspace, including a dog park, pool with sun deck, and multiple courtyards and garden spaces and related improvements (collectively, the Proposed Development'; and WHEREAS, as a condition of the Final Approvals, the Village and Owner entered into that certain Development Agreement dated June 19, 2019 ("Development Agreement'; and WHEREAS, pursuant to the Final Approvals, the Village approved a development schedule for the development of the Property ("Development Schedule'; and WHEREAS, the Owner completed the Demolition, but due to the COVID-19 pandemic and other various challenges, the Owner has not yet begun the construction of the Proposed Development; and WHEREAS, Section 5.B of the Development Agreement requires the Owner to engage in the Demolition and construction of the Proposed Development in one continuous phase; and WHEREAS, Section 12.09-H of "The Deerfield Zoning Ordinance 1978," as amended Zoning Ordinance') provides that if no substantial construction has begun or no use has been established in a planned unit development within the time stated in the Development 00119777.1} Schedule, the Special Use for the planned unit development shall become null and void unless the Village Board extends the time period for beginning construction; and WHEREAS, the Owner has requested that the Village Board (i) extend the Development Schedule and (ii) approve an amendment to the Development Agreement Development Agreement Amendment's to permit the Proposed Development to be constructed in a two-phase development; and WHEREAS, the Village Board has determined that extending the Development Schedule and approving the Development Agreement Amendment will serve and be in the best interest of the Village; 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 EXTENSION TO DEVELOPMENT SCHEDULE. Pursuant to Section 12.09-H of the Zoning Ordinance, the Village Board hereby extends the deadline to begin construction of the Proposed Development to April 5, 2022 (`Deadline'. If construction of the Proposed Development does not commence by the Deadline, the Special Use for the Proposed Development shall become null and void. SECTION THREE: APPROVAL OF DEVELOPMENT AGREEMENT AMENDMENT. The Development Agreement Amendment by and between the Village and Owner 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 Manager and the Village Attorney. SECTION FOUR: EXECUTION OF DEVELOPMENT AGREEMENT AMENDMENT. The Village Mayor and the Village Clerk are hereby authorized and directed to execute and attest, on behalf of the Village, the Development Agreement Amendment upon receipt by the Village Clerk of at least one original copy of the Development Agreement Amendment executed by Owner; provided, however, that if the executed copy of the Development Agreement 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 FIVE: 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] 00119777.1} AYES: Benton, Jester, Oppenheim, Seiden, Shapiro, Struthers NAYS: None ABSTAIN: None ABSENT: None PASSED: April 5, 2021 APPROVED: April 6, 2021 RESOLUTION NO. R-21-10 Harriet Rosenthal, Village Mayor ATTEST: Kent S. St eet, Village Clerk 00119777.1} Y r s. 00119777.1} I.i:11Ill w W.11 DEVELOPMENT AGREEMENT AMENDMENT 00119777.1} This Document Prepared by and after Recording Return To: Daniel Van Dusen Deputy Village Clerk Village of Deerfield 850 Waukegan Road, Deerfield, IL 60015 �flIVIIIIIB�IWIIIIIVIIIIVIIII� � G� n8 IICiC# ���1 i f7� 4_11'� Fee �o=, 00 BLANKET FEE:$75.00 CEDRIC GILES COOK COUNTY CLERK'S OFFICE DATE: 612512024 11:08 AM PAGE: 1 OF 9 First Amendment to Development Agreement By and Between the Village of Deerfield, and Gateway Fairview, Inc. (10 S, 158 S, and 184 S Waukegan Road)