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O-65-46ORDINANCE NO.`0 -65 -46 AN ORDINANCE AMENDING THE MUNICIPAL CODE OF THE VILLAGE OF DEERFIELD i WHEREAS, the Plan Commission'of, the Village of Deerfield, pursuant to proper notice, has held a public hearing upon the subject matter of a certain amendment to the Municipal Code of the Village of Deerfield; and WHEREAS, the said Plan Commission has recommended that the corporate authorities amend said Municipal Code as hereinafter provided. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF `TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, AS FOLLOWS: SECTION That the Municipal Code of Deerfield of 1963, as ONE: amended, be and the'same is'hereby further amended by striking Section 9.119 of Chapter 9 thereof in its entirety and substituting i:n lieu thereof the following: 9.119 Agreements.) The final plat to be filed of record shall be accompanied by the fol.lowing: Plans and specifications for such improvements previously approved by the village engineer, clearly describing the same. Agreement executed by the owner and the subdivider wherein they agree to make and install the improvements provided for in this chapter, in accordance with the plans and specifica- tions accompanying the approval. Bond in the amount of the estimate of the village engineer of the cost of the installation of such improvements coni- tional upon the completion of such improvement and payment'of the cost thereof within two years of the approval of the final plat. Provided that the village`manager'may approve such bonds issued by a corporate surety listed as approved by the board of trustees, and filed with the village clerk. An additional bond in an amount equal to 10% of the estimated cost of such improvements, conditioned upon the repair or replacement of any such improvements or portions thereof arising out of any defect in the material or work- manship furnished in connection with such improvements latent •i n character and not discernible at the time of the final approval of such improvements and conditioned upon the repair of any damage to such improvements occurring by reason of the settling of the ground, base or foundation thereof, for a period of one §iear after the final com- p.,1eti:,on of such improvements and approval thereof. In the event that such owner and subdivider shall submit evidence of the existence of the binding agreement with a responsible contractor agreeing to accept all bonds which may be issued under any local improvement or a bona fide and subsisting bid by a responsible person for the purchase by cash of such local improvement bonds at par value or more, then the requirements of the three preceding.paragraphs may be waived. SECTION TWO: in its entirety and 9.119A subdivisil That Section 9.119A of chapter 9 of the Municipal Code of Deerfield of 1963, as amended, be and the same is hereby amended by striking said section substituting in lieu thereof the following: Deposit or Escrow in Lieu of Bond.) A plat of in may be approved upon filing with the Village manager satisfactory evidence of the execution of a trust::agreement or escrow agreement providing that an amount equal to 110% of the estimate of the village engineer of the cost of the construction and installation of such improvements has been deposited in a trust or escrow fund, that the proceeds are to be used for the construction and installation of such improvements, and that the village manager may authorize the payment of such funds upon the satisfactory compeition of all or portions of said improvements and providing that an amount equal to 10x/0 of the estimated cost of such improvements shall be held by or on behalf of the Village for a period of one year after the final completion and approval of such improvements as:a guarantee against any defect in the material or workmanship furnished to conneeti:onzwith such improvements latent in character and not discernible at the time of the final approval of such improvements and to guarantee against any damage to such improvements by reason of the settling of the ground, base or foundation thereof. No subdivision shall be approved unless there has been filed a bond or bonds as described in Section 9.119 or evidence of an escrow or trust agreement in accordance with the provisions of this section. SECTION That all ordinances and parts of ordinances in conflict, THREE: herewith, are, to the extent of such oonflict, hereby repealed. SECTION That this Ordinance FOUR: from and after its as provided by law. AYES: SIX (6) NAYS: NONE (Q) ABSENT: NONE (0) shall be in full force and effect passage, approval and publication PASSED this 6th day of December, A.D. 1965. APPROVED this 6th day of December, A.D. 1965. ATTEST: Catherine B. Price VillageClerk H. Ross Finney President Published in pamphlet form by authority of the corporate authorities of the Village of Deerfield, Illinois, the 7th day of December, A.D. 1965. V I L L A G E O F D E E R F I E L D ORDINANCE NO. 0 -65 -46 AN ORDINANCE AMENDING THE MUNICIPAL CODE OF THE VILLAGE OF DEERFIELD PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES THE 6th DAY OF December , A.D. 1965. Published in pamphlet form by authority of the corporate authorities of the Village of Deerfield, Illinois, the $,th day of December , A.D. 1965. ORDINANCE NO. 0 -65-[� AN ORDINANCE AMENDING THE MUNICIPAL CODE OF THE VILLAGE OF DEERFIELD WHEREAS, the Plan Commission of the Village of Deerfield, pursuant to proper notice, has held a public hearing upon'-the subject matter of a certain amendment to the Municipal Code of the Village of Deerfield; and WHEREAS, the said Plan Commission has recommended that the corporate authorities amend said Municipal Code as hereinafter provided. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, AS FOLLOWS: SECTION That the Municipal Code of Deerfield of 1963, as ONE: amended, be and the same is hereby further.amended by striking Section 9.119 of Chapter 9 thereof in its entirety and substituting in lieu thereof the following: 9.119 Agreements.) The final plat to be filed of record shall be accompanied by the following: Plans and specifications for such improvements pre- viously approved by the village engineer, clearly describing the same. Agreement executed by the owner and the subdivider wherein they agree to make and install the improvements provided for in this chapter, in accordance with the plans and specifications accompanying the approval. Bond in the amount of the estimate of the village engineer of the cost of the installation of such improvements condi- tional upon the completion of such improvement and payment of the cost thereof within two years of the approval of the final plat. Provided that the village manager may approve such bonds issued by a corporate surety listed as approved by the board of trustees, and filed with the village clerk. . 2 An additional bond in an amount equal to 10% of the estimated cost of such improvements, conditioned upon the repair or replacement of any such improvements or portions thereof arising out of any defect in the material or workmanship furnished in connection with such improvements latent in character and not discernible at the time of the final approval of such improvements and conditioned upon the repair of any damage to such improvements occurring by reason of the settling of the ground, base or foundation thereof, for a period of one year after the final completion of such improvements and approval thereof. In the event that such owner and subdivider shall sub- mit evidence of the existence of the binding agreement with a responsible contractor agreeing to accept all bonds which may be issued under any local improvement proceedings for the installation of such improvement-or a bona fide and subsisting bid by a responsible person for the purchase by cash of such local improvement bonds at par value or more, then the requirements of the three preceding paragraphs may be waived. SECTION That Section 9.119A of Chapter 9 of the Municipal TWO: Code of Deerfield of 1963, as amended, be and the same is hereby amended by striking said section in its entirety and substituting in lieu thereof the following: 9.119A Deposit or Escrow in Lieu of Bond.) A plat of subdivision may be approved upon filing with the Village manager satisfactory evidence of the exe- cution of a trust agreement or escrow agreement providing that an amount equal to 110% of the estimate of the village engineer of the cost of the construction and installation of such improvements has been deposited in a trust or escrow fund, that the proceeds are to be used for the construction and installation of such improvements, and that the village manager may authorize the payment of such funds upon the satisfactory completion of all or portions of said improve- ments and providing that an amount equal to 10% of the estimated cost of such improvements shall be held by or on behalf of the Village for a period of one year after the final completion and approval of such improvements as a guarantee against any defect in the material or work- manship furnished in connection with such improvements latent in character and not discernible at the time of the final approval of such improvements and to guarantee against any damage to such improvements by reason of the settling of the ground, base or foundation thereof. No subdivision shall be approved unless there has been filed a bond or bonds as described in Section 9.119 or evidence of an escrow or trust agreement in accordance with the provisions of this section. SECTION That all ordinances and parts of ordinances in THREE: conflict herewith, are, to the extent of such conflict, hereby repealed. SECTION That this Ordinance shall be in full force and effect FOUR: from and after its passage, approval and publication as provided by law. AYES: SIX (6) NAYS: NONE (0) ABSENT: NONE (0) PASSED this 6th day of December APPROVED this 6th day of ATTEST: /} Village Clerk December , A.D. 1965. , A.D. 1965. President . 3 . a guarantee against any defect in the material or work- manship furnished in connection with such improvements latent in character and not discernible at the time of the final approval of such improvements and to guarantee against any damage to such improvements by reason of the settling of the ground, base or foundation thereof. No subdivision shall be approved unless there has been filed a bond or bonds as described in Section 9.119 or evidence of an escrow or trust agreement in accordance with the provisions of this section. SECTION That all ordinances and parts of ordinances in THREE: conflict herewith, are, to the extent of such conflict, hereby repealed. SECTION That this Ordinance shall be in full force and effect FOUR: from and after its passage, approval and publication as provided by law. AYES: SIX (6) NAYS: NONE (0) ABSENT: NONE (0) PASSED this 6th day of December APPROVED this 6th day of ATTEST: /} Village Clerk December , A.D. 1965. , A.D. 1965. President 1 - y ORDINANCE NO 0 "65 46 • LAW 09F,F c E'S 135 SOUTH LA -SALLE STREET CHICAGO, ILLINOIS 60603 e=