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O-88-695489S/8 ORDINANCE NO. 0 -88 -69 AN ORDINANCE AMENDING CHAPTER 22 OF THE MUNICIPAL CODE OF THE VILLAGE OF DEERFIELD OF 1975 Published in pamphlet form this 7rh day of NnvPmhar . 1988, by the President and Board of Trustees of Deerfield. 548951102188/9 ORDINANCE NO. 0-88-6',.T AN ORDINANCE AMENDING CHAPTER 22 OF THE MUNICIPAL CODE OF THE VILLAGE OF DEERFIELD OF 1975 BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, AS FOLLOWS: SECTION That Section 22.164 entitled "Stop Street ONE: Intersections" of Chapter 22 of the Municipal Code of Deerfield of 1975, as amended, be and the same is hereby further amended by adding to the list of designated stop street the following: Locations designated on Exhibit A to an Agreement between Deerfield Partners and the Village of Deerfield dated October 17 1988 ( "Agreement "). SECTION That the applicable speed limit on the roadways TWO: indicated on Exhibit A to the Agreement shall be 25 miles per hour. SECTION That the Village Manager shall post or cause to be THREE: posted an appropriate stop and speed limit sign or signs in accordance with Sections One and Two hereof. SECTION That the Village Clerk is hereby directed to publish FOUR: this ordinance in pamphlet form. SECTION That all ordinances or parts of ordinances in conflict FIVE: herewith are, to the extent of such conflict, hereby repealed. SECTION That this ordinance shall be in full force and effect SIX: from and after its passage, approval and publication, as provided by law. AYES: MAROVITZ, MARTY, ROSENTHAL, SEIDMAN, SWANSON, YORK (6) NAYS: NONE . (0 ) ABSENT: NONE (0) PASSED this 7th day of November A.D. , 1988 APPROVED this 7th day of November A.D. , 1988. ATTEST: V,ILLAGE PRESIDENT VILLAGE CLE K AGREEMENT THE VILLAGE OF DEERFIELD, a municipal corporation in the State of Illinois (hereinafter referred to as "the Village "), and DEERFIELD PARTNERS (hereinafter referred to as "the Owner "), do hereby covenant and agree, one with the other, THAT: WHEREAS, Owner is the owner of the Deerbrook Shopping Center ( "Deerbrook ") developed on certain real property, located in the Village; and WHEREAS, access roads have been established within Deerbrook entirely upon the private property of the Owner; and WHEREAS, the constant assurance of safe and controlled vehicular access to Deerbrook for its customers anc employees is desirable for the purpose of providing maximum protection of life and property; and WHEREAS, the Municipal Code of the Village provides the means of establishing and controlling such access through the establishment of speed and traffic control restrictions; NOW, THEREFORE, in consideration of the mutual covenants herein contained, and the reciprocal benefits to the parties, it is agreed as follows: 1. That this Agreement is entered into pursuant to the provisions of Section 11 -209.1 of Chapter 95 -1/2 and Section 1 -1 -7 of Chapter 24, Illinois Revised Statutes, 1987. 2. That the Owner requests and authorizes the Village to establish and maintain traffic control restrictions within Deerbrook at the locations as depicted on the plat attached hereto as Exhibit A and made a part hereof. 3. That the Village agrees upon execution hereof to post the appropriate official stop signs as required pursuant to 022 -164. Exhibit D of the Municipal Code of the Village, which will add the locations depicted on Exhibit A hereto as stop street intersections. 4. That a speed limit of 25 miles per hour shall be established on the roadway depicted on Exhibit A. 5. That said roadway shall be appropriately posted with stop signs and speed limit signs and the Owner shall pay the cost of said signs and the cost of installation and ...maintenance thereof. 6. That the Village shall enforce the speed limit and traffic control restrictions in the areas herein agreed to. 7. That the establishment of said speed limits and traffic constols and the enforcement of these restrictions by the Village in no way constitutes a dedication of any of the Owner's real property to public use. 8. That either the Village or the Owner reserve the right to cancel this Agreement at any time. 9. That the Village will cause this Agreement to be promptly recorded with the Lake County Recorder of Deeds ._Office at Owner's expense. - 2 - IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by the appropriate officers and their corporate seals hereunto affixed this /7774 day of Dc7106cA—' 1988. VILL OF DEERFIELD, ILLINOIS By' Village President ATTEST: Village Clerk DEERBROOK PARTNERSHIP By ATTEST: A ',U -t ///,7 ; /7 4A?,FA 'P: le.-'EXPANSION -C- ARE,5, T1RE,AA54CA PARKIN. 4.4F4 'IV, e EXPAUS110 !A ,-­74'=� P61; �JC-1 NY ICOAIPI _j .. 1-1. 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