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R-18-27VILLAGE OF DEERFIELD LAKE AND COOK COUNTIES, ILLINOIS RESOLUTION NO. R-18-27 A RESOLUTION EXTENDING THE FINAL DEVELOPMENT PLAN FOR 8 PARKWAY NORTH IN THE PARKWAY NORTH CENTER PLANNED UNIT DEVELOPMENT PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, this 16th day of April , 2018. Published in pamphlet form by authority of the President and Board of Trustees of the Village of Deerfield, Lake and Cook Counties, Illinois, this 16th day of April , 2018. VILLAGE OF DEERFIELD LAKE AND COOK COUNTIES, ILLINOIS RESOLUTION NO. R-18-27 A RESOLUTION EXTENDING THE FINAL DEVELOPMENT PLAN FOR 8 PARKWAY NORTH IN THE PARKWAY NORTH CENTER PLANNED UNIT DEVELOPMENT WHEREAS, a Final Development Plan was approved by the President and Board of Trustees of the Village of Deerfield on April 18, 2016 for the property commonly known as 8 Parkway North (the "Subject Property"); and WHEREAS, Quadrangle Development Company, the owner of the Subject Property has made a request, pursuant to Section 7 of the Fifth Amendment to the Parkway North Annexation Agreement, for an extension of the two year time limit to effect the Final Development Plan; and WHEREAS, the President and Board of Trustees of the Village of Deerfield have considered the request and have determined that the best interests of the Village will be served by extending for an additional two years, to May 15, 2020, the time in which the owner of the Subject Property is required to effect the Final Development Plan. NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, in the exercise of its home rule powers, as follows: SECTION 1: The recitals to this Resolution are incorporated into and made a part of this Resolution as if fully set forth herein. I SECTION 2: The President and Board of Trustees of the Village of Deerfield authorize and approve a two year extension of time, to May 15, 2020, for the owner of the Subject Property to effect the Final Development Plan. SECTION 3: This Resolution shall be in full force and effect from and after its passage and approval as provided by law. PASSED this 16th day of April , 2018. AYES: Benton, Oppenheim, Seiden, Shapiro, Struthers NAYS: None ABSENT: Jester ABSTAIN: None APPROVED this 16th day of April , 2018. Village President ATTEST: V' lage Clerk