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O-94-37ORDINANCE NO. 0 -94 -37 AN ORDINANCE AMENDING THE ZONING MAP AND AUTHORIZING A SPECIAL USE FOR A RESIDENTIAL PLANNED UNIT DEVELOPMENT Published in pamphlet form this 4th day of October , 1994 by the President and Board of Trustees of Deerfield JKS \21216.1 9/21/94 ORDINANCE NO. 0 -94 -37 AN ORDINANCE AMENDING THE ZONING MAP AND AUTHORIZING A SPECIAL USE FOR A RESIDENTIAL PLANNED UNIT DEVELOPMENT WHEREAS, the Plan Commission of the Village of Deerfield has heretofore held a public hearing on the Petition of OPTIMA DEERFIELD LIMITED PARTNERSHIP (hereinafter referred to as "Applicant "), for the classification of certain real estate located within the Village, and hereinafter described on Exhibit A hereto, in the R -5 General Residence District, and to authorize the issuance of a Special Use Permit to approve a Residential Planned Unit Development consisting of 400 residential units consisting of various housing types and also to authorize a Resubdivision of the Subject Property and the vacation of certain easements thereon to accommodate said Special Use in accordance with Exhibits presented to the Plan Commission and the Board of Trustees; and WHEREAS, said hearing was held pursuant to duly authorized notice thereof and was in all respects held according to law; and WHEREAS, Applicant presented a series of Exhibits for review and consideration by the Plan Commission, including a Group Exhibit entitled "Coromandel Final Development Plan" prepared by Applicant and dated August 11, 1994 which includes among other elements, (i) Final Site Plan /Final Improvement Plan; (ii) Plat of Resubdivision and Plats of Vacation; (iii) Landscape Plans; (iv) Construction Phasing and Logistics Schedule; and (v) Elevations /Architectural details (which Group Exhibit and all of its elements are hereinafter referred to as the "Final Development Plan" and which is attached hereto and made a part hereof as Exhibit B); and WHEREAS, the Plan Commission of the Village of Deerfield, after considering the evidence adduced including Exhibit B, the Final Development Plan, made written findings of fact and recommended a map amendment to the Zoning Map of the Village of Deerfield, the issuance of a Special Use Permit to approve a Residential Planned Unit Development in accordance with the Final Development Plan and the approval of a Resubdivision and Plats of Vacation to achieve the objectives sought by the Applicant; and WHEREAS, the Village has previously adopted a Development Code (the "Development Code ") as an element of the Residential Planned Unit Development approval process set forth in Article 12 JKS \21216.1 9/21/99 ORDINANCE NO. 0 -94 -37 AN ORDINANCE AMENDING THE ZONING MAP AND AUTHORIZING A SPECIAL USE FOR A RESIDENTIAL PLANNED UNIT DEVELOPMENT of the Zoning Ordinance of the Village of Deerfield, which Development Code provides that the Village and any Developer enter into an agreement relative to the development of the Subject Property specifying, among other matters, any variations from the strict provisions of the Zoning Ordinance and setting forth compliance with all other requirements of the Development Code; and WHEREAS, the Village and the Applicant have agreed upon the terms of a Development Agreement which is attached hereto as Exhibit C; and WHEREAS, pursuant to the provisions of Village Ordinance No. 0 -93 -48 developers of residential property within the Village are subject to certain land dedication requirements or payment of fees in lieu thereof in recognition of the burdens placed on various governmental units in the Village as a result of such development; and WHEREAS, the Village and the Applicant have agreed upon the terms of an Impact Fee Agreement in satisfaction of the requirements of Village Ordinance No. 0 -93 -48 which is attached hereto as Exhibit D; and WHEREAS, the President and Board of Trustees of the Village of Deerfield have determined that the best interests of the Village will be served by the classification of said real estate in the manner aforesaid, the approval of the requested Special Use for a Residential Planned Unit Development and for authorization of the Resubdivision and Plats of Vacation as requested by Applicant. 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 Zoning Map of the Village of Deerfield ONE: included and made a part of the Village Zoning Ordnance passed April 17, 1978, as amended, is hereby further amended by zoning and classifying the property described in Exhibit "A ", attached hereto and made a part hereof, to the R -5 General Residence District. JKS \21216.1 9/21/94 ORDINANCE NO. 0 -94 -37 AN ORDINANCE AMENDING THE ZONING MAP AND AUTHORIZING A SPECIAL USE FOR A RESIDENTIAL PLANNED UNIT DEVELOPMENT SECTION That the Final Plat of Resubdivision prepared by TWO: Professionals Associated on behalf of Applicant and dated May 27, 1994, for the Subject Property is hereby approved. SECTION That the Plats of Vacation prepared by Chicago THREE: Guarantee Survey Company dated May 19, 1994 depicting the Sewer Easements created by document Number 831828 and recorded July 8, 1954 and document number 1196235 and recorded August 15, 1963 in the office of the Lake County Recorder of Deeds across the Subject Property be and are hereby approved and the rights of the Village in and to such easement property are hereby terminated. SECTION That the zoning map amendment approval hereby FOUR: granted, the authorization and approval of the Special Use for a Residential Planned Development and approval of the Final Plat of Resubdivision and Plats of Vacation is conditioned upon and subject to: (a) compliance by Applicant, its successors and assigns with all elements of the Final Development Plan described in the foregoing recitals and as attached hereto as Exhibit B; (b) execution of a Development Agreement between Village and Applicant in the form attached as Exhibit C; (c) execution of an Impact Fee Agreement between Village and Applicant in the form attached as Exhibit D; and (d) compliance by Applicant, its successors and assigns with all other applicable codes and ordinances of the Village of Deerfield. SECTION That failure of the Applicant, its successors and FIVE: assigns to comply with the conditions set forth herein shall result in the revocation of the permit for Special Use for the Residential Planned Unit Development. SECTION That all approval and authorization of said SIX: Special Use hereby given is subject to the requirement that this Ordinance shall be recorded in the Office of the Recorder of Deeds of Lake County, Illinois, and all fees for such recordation and expenses incurred therefor shall be paid by the Applicant. SECTION That the Village Clerk is hereby directed to JKS \21216.1 9/21/94 SEVEN: publish this Ordinance in pamphlet form. SECTION That this Ordinance shall be in full force and EIGHT: effect from and after its passage, approval and publication, as provided by law. AYES: Heuberger, Rosenthal, Seidman, Swanson (4) NAYS: None (0) ABSENT: Ehlers, Swartz (2) PASSED this 3rd day of October A.D., 1994. APPROVED this 3rd day of October A.D., 1994. VILLAGE PRESIDENT ATTEST; VILILAGE CLERK JKS \21216.1 9/21/94 DEVELOPMENT AGREEMENT / COROMANDEL This Development Agreement is dated this day of Cie , 1994, by and between the Village of Deerfield, Lake and Cook Counties, Illinois ( "Village ") and Optima Deerfield Limited Subpartnership, L.P. ( "Developer ") RECITALS A. The Developer is the owner and developer of certain property in the Village described on Exhibit "A" as Parcel 1 and Parcel 2 and is the contract purchaser and developer of property in the Village described as Parcel 3 ( "Bergmark Property") on Exhibit "A ", attached hereto and made a part hereof (Collectively the "Subject Property") B. Pursuant to relevant provisions of the Village Zoning Ordinance, the Developer has made application to the Village for certain approvals, including: (i) rezoning of the Subject Property to the R -5 General Residence District; (ii) authorizing a Special Use for the Subject Property for a Residential Planned Unit Development; (iii) granting of certain variances from the Village Development Code; and (iv) approving a resubdivision of the Subject Property. C. Pursuant to due and proper notice, the Village Plan Commission conducted a public hearing on the Developer's application and submitted its Report and Recommendation to the President and Board of Trustees. D. The President and Board of Trustees reviewed the Report and Recommendation of the Plan Commission and granted the Developer's request for Preliminary Plan Approval on March 21, 1994. E. The Developer has submitted plans, schedules, specifications and other documents comprising its "Final Development Plan," as defined in the Village Zoning Ordinance. The Final Development Plan has been submitted to, reviewed by, and recommended for approval by the Village Plan Commission. F. The President and Board of Trustees have reviewed the Final Development Plan and have (or contemporaneously with the adoption of this Agreement will adopt) adopted all necessary ordinances, passed all necessary motions, and otherwise granted all necessary approvals: (i) rezoning the Subject Property; (ii) approving the Developer's Final Development Plan; (iii) granting September 21, 1994 t:\df\1 t\7 -1 \develagrA the variations from the Development Code as described hereinbelow; (iv) authorizing the execution of a Final Plat of Resubdivision; and (v) granting related relief. A listing of the authorizing Ordinances and other approval measures is attached hereto as Group Exhibit "B ". G. The Village has heretofore adopted a "Village of Deerfield Development Code" ( "Development Code "). Among other things, the Development Code calls for the Village and the Developer to enter into a "Development Agreement" relative to the development of the Subject Property. H. In accordance with Article III of the Development Code, this Agreement has been reviewed by the Director of Community Development, the Village Engineer, and the Village Plan Commission, all of whom have made recommendations to the President and Board of Trustees. I. The parties now desire to enter into this Development Agreement, pursuant to the applicable provisions of the Development Code, for the purposes set forth in the Development Code. NOW, THEREFORE, IT IS HEREBY AGREED BY AND BETWEEN. THE PARTIES HERETO, as follows: SECTION 1: Incorporation of Recitals. The recitals set forth above are incorporated herein as if fully set forth. SECTION 2: Identification of Final Development Plan. For purposes of this Agreement, the "Final Development Plan" shall consist of the Final Development Plan submitted by the Developer, as identified in, and approved by the President and Board of Trustees, pursuant to Ordinance No. . For identification purposes a schedule of the documents comprising the Final Development Plan is appended hereto as Exhibit "C" and made a part hereof. SECTION 3: Final Improvement Plan Approved. In accordance with Section 3 -101 -B of the Development Code, the Developer has provided the Village Engineer and the Director of Community Development with copies of its Final Improvement Plan as part of its Final Development Plan. The term Final Improvement Plan when used herein shall include only those September 21, 1994 t: \df\1 f\7- l\deveIagr.4 2 documents and/or plans, or those specific parts of documents and/or plans, listed in Exhibit "C" that depict Public or Private Improvements as they are defined and specifically identified in Section 7,A. The Village Engineer and the Director of Community Development have reviewed said Final Improvement Plan and they have provided the Plan Commission and President and Board of Trustees with a letter indicating their recommendations regarding the Final Improvement Plan. The Village Engineer has provided the Plan Commission and President and Board of Trustees with a letter indicating receipt and approval of all of the appropriate final engineering plans and verifying that the documents granting any required easements are satisfactory for the purposes for which they are required. Said final engineering plans are identified as part of Exhibit "C ". SECTION 4: Site Development Schedule. In accordance with Section 3- 102 -B(4) (a) of the Development Code, the development of the Subject Property will proceed substantially in accordance with the schedule attached hereto as Exhibit "D" and made a part hereof. The parties recognize and acknowledge that this development schedule is subject to variables relating to weather, strikes, work stoppages, acts of God and other matters outside of the reasonable control of the Developer, its contractors and subcontractors. SECTION 5: Improvement Plan. Pursuant to Section 3 -102 -B (4) (b) of the Development Code, all improvements, both public and private, are located and depicted on the Final Improvement Plan identified hereinabove. All easements necessary for the maintenance of said improvements are shown on the Plat of Resubdivision prepared by Professionals Associated and are approved by the President and Board of Trustees. SECTION 6: Approved Conditions. Requirements and Variations. Pursuant to Section 3 -102 -B (4) (d) of the Development Code, the following conditions, requirements and variations are approved, agreed to, and contemplated by the Planned Unit Development and Final Development Plan: A. Road Work and Off -Site Improvements: Subject to Subparagraph 2, the Developer shall cause the construction of the off -site improvements shown on Exhibit "E ", attached hereto and made a part hereof. September 21, 1994 t:\df\1 f\7- I \develagrA 3 2. As of the date of this Agreement, there appears to be a strong likelihood that certain of the improvements shown on Exhibit "E" as the Waukegan Road and Kates Road Intersection Improvements are under consideration for construction as part of a project by the Illinois Department of Transportation ( "IDOT "). It is further anticipated that IDOT will fund ninety (90 %) percent of the Waukegan Road and Kates Road Intersection Improvements and cause the actual construction work to take place. The parties recognize that this IDOT improvement will be of mutual benefit to both the Village and the Developer. 3. The Village shall keep the Developer abreast of the progress of the IDOT improvement proposal and will take such actions reasonably required of the Village by IDOT in order to facilitate the implementation of this improvement. Once IDOT determines to proceed with the project, the Developer will reimburse the Village for the Village's reasonable engineering costs related to the Waukegan Road and Kates Road Intersection Improvements (currently estimated to be Thirty Thousand ($30,000.00) Dollars for Phase I engineering, Forty-Five Thousand ($45,000.00) Dollars for Phase II engineering, and Forty-Five Thousand ($45,000.00) Dollars for Phase III construction management), and shall reimburse the Village for its share of the cost of the Waukegan Road and Kates Road Intersection Improvements. The Developer shall make such payments to the Village, upon the Village becoming obligated to pay such costs as described above, within thirty (30) days from the date of the Village's invoice. 4. In the event IDOT commences the construction of the Waukegan Road and Kates Road Intersection Improvements, the Developer shall be entitled to an immediate reduction in its letter(s) of credit for the total estimated cost of such improvements as shown on Exhibit "F" and a release from any and all obligation to provide a maintenance agreement and/or maintenance guarantee for these improvements. 5. If the Village certifies that there appears to be no likelihood that IDOT will proceed or complete the Waukegan Road and Kates Road Intersection Improvements, the Developer shall resume, to the extent required, to complete its off -site improvement obligation as described hereinabove. B. Property Acquisition: Ingress and Egress. For purposes of providing ingress and egress to the Subject Property as shown on the Final Development Plan, the Developer shall proceed with due diligence to complete the acquisition of September 21, 1994 t:\df\1 f\7 -1 \deveIagr.4 4 the Bergmark Property which it currently has under contract and is commonly known as 733 -737 Central Avenue. To that end, the Developer has furnished its Real Estate Purchase Contract with respect to Bergmark Property to the Village. In addition, the Developer has submitted to the Village a certain "Amendment to Real Estate Sale Contract" and an "Amendment #2" to Said Real Estate Contract. These Amendments generally call for a deed and money escrow closing, with a deferred closing date of on or about August 31, 1995. As shown on Amendment #2, the Village shall have the right to cause the conveyance of Bergmark Property in the event of Developer default. 1. The Developer shall limit construction traffic to and from the Subject Property to locations approved by the Village from Waukegan Road and Kates Road. The Developer shall adhere to the reasonable recommendations of Village staff regarding traffic. The Developer agrees to enter into a Traffic Control Agreement to enforce fire lane, parking, and general traffic regulations including restricting parking on ring road to one side only. 2. A variation from Section 5 -102 (H) of the Development Code has been granted. Pursuant to said variation, private sidewalks shall be constructed throughout the Subject Property in the areas and manner shown on the Final Development Plan. 3. A variation from Section 5 -102 (C) of the Development Code has been granted to allow for private streets throughout the Development. 4. The. Developer has provided in its property- governing documents a covenant requiring that the private ring road of the Subject Property shall be accessible to vehicular traffic. Pursuant to Section 5- 102 -C(5) of the Development Code, the Developer covenants and acknowledges that the Village shall at no time be under any obligation to provide maintenance or accept dedication of private streets within the Subject Property. Said road may be periodically closed for purposes of maintenance and upkeep, or as otherwise agreed between the Developer and the Village, or as otherwise required by law. 5. Certain of the improvements described hereinabove are contemplated to be constructed in the vicinity of the nursing home facility located to the immediate south of the Subject Property and Kates Road (the "Whitehall Property"). In the event easements or rights of entry are needed in order to implement the improvement plans described above, the Village shall take all action necessary to obtain such easement or right of entry. September 21, 1994 t:\df\1 A7- I \develagrA 5 C. Leasing✓ Prohibition The Developer agrees to sell, rather than lease, all dwelling units constructed on the Subject Property. D. Tree Replacement The Developer agrees that in the event that any of the existing trees that have been relocated do not survive that they will be replaced by the Developer with trees with an equal total caliper as the original tree. SECTION 7: Guarantee. Inspection, and Periodic Reductions up to 100% of Letter (s) of Credit. A. In accordance with the Development Code, this Agreement contains provisions for Public Improvements and Private Improvements. The term Public Improvements shall include those off -site and on -site Public Improvements specifically identified as Public Improvements on Exhibit "F".' For the purposes of this Agreement, the Private Improvements have also been specifically identified on Exhibit "F ". B. The Developer has submitted, and the Village approves, pursuant to Section 4 -102 of the Development Code, the schedule of Public Improvements and Private Improvements related to the development of the Subject Property, as shown on Exhibit "D" hereof. Exhibit "F" will constitute the approved estimate for the cost of construction for the Public Improvements and Private Improvements contemplated in the Final Engineering Plan and the Final Improvement Plan upon its being reviewed and certified as adequate as provided for in Section 7,E herein. C. Attached hereto as Exhibit "G ", and made a part hereof, is a form letter of credit with respect to the Exhibit "F" improvements. The Developer may provide one or more letters of credit as further described hereinbelow, substantially in the form of Exhibit "G" or as otherwise may be approved by the Village Attorney, which approval shall not be unreasonably denied. The aggregate amount of the letter(s) of credit shall be equal to the Exhibit "F" total cost estimate. The Developer will provide written notice of the expiration date to the Village Manager at least 30 days prior to the expiration of the letter(s) of credit. In the event the Developer fails to replace or extend such letter(s) of credit on or before ten (10) days before the expiration thereof, the Village may draw upon said letter(s) of credit in accordance with the terms thereof. In the event that the Developer fails to give such notice to the Village Manager and, as the result thereof, the letter of credit expires and is not renewed, the Developer shall immediately'deposit with the Village cash in September 21, 1994 t \df\1t\7- I\develagrA 6 the amount sufficient to complete the Exhibit F improvements. All renewal or replacement letters of credit shall be accompanied by a certification by the Project Architect (as defined in Section 7,F) that the amount of said letter(s) of credit is sufficient to complete the improvements shown on Exhibit F. Said certification will be verified by the Village. D. Pursuant to Section 4 -105 of the Development Code, the Village hereby approves of NBD Bank as the issuing institution of said letter(s) of credit. E. Pursuant to Section 4 -106, the parties have jointly designated the firm of Gewalt & Hamilton as the Registered Professional Engineering firm designated as the "Inspecting Engineer" in order to ensure that the development complies with the approved Final Improvement Plan, the Village Standards and Specification Manual and this Agreement. The Inspecting Engineer's scope of services shall be as defined in Exhibit "H" attached hereto and made a part hereof. The Developer shall be responsible for paying the Inspecting Engineer's fees in accordance with and as limited by the scope of services letter of agreement dated , 1994, signed by the Village, the Developer and the Inspecting Engineer. A copy of that agreement is attached hereto as Exhibit "I" and made a part hereof. The Inspecting Engineer shall invoice the Village for services rendered and the Developer shall reimburse the Village for such expenses. In addition to the above referenced Inspecting Engineer, the parties have jointly designated the professional engineering firm of Baxter & Woodman to review the construction cost estimates attached as Exhibit "F" and advise the Village Engineer as to the adequacy of the Exhibit "F" performance guarantee. Baxter & Woodman shall invoice the Village for services rendered and the Developer shall reimburse the Village for such expenses. F. The. "Project Architect" shall be a Licensed Architect as designated by the Developer. The Project Architect's responsibilities shall be as defined in Exhibit "J ". G. The Developer shall be entitled to periodic reductions in its letter(s) of credit, in amounts up to and including One Hundred (100 %) percent of the respective Exhibit "F" Estimates of Cost included in the letter(s) of credit, upon partial completion of all, or specific individual Public Improvements and Private Improvements. Reductions shall be made in proportion to the actual progress on each of these scheduled items as shown in Exhibit "F" in accordance with the following procedure: 1) The Project Architect will submit a request for a reduction in the letter(s) of credit, September 21, 1994 tAdt\ I f\7- I \deveIagr.4 7 along with a certification by the Project Architect (a) that the work on such improvements has been completed to the extent of the partial reduction requested and (b) that sufficient amounts remain in the letter of credit to complete the remaining improvements: The Project Architect will submit proper lien waivers covering all work for which a partial reduction is being requested and the inspection ticket(s) or certification(s) by the Inspecting Engineer evidencing that the work covered by the partial reduction request was inspected and passed. 2) The Inspecting Engineer will, within fourteen (14) days from the date of such request, review the request for partial reduction and report on such request to the Village Engineer. 3) The Village Engineer, within thirty (30) days from the date of such request, will either approve such reduction in the letter(s) of credit or provide the Developer with a complete written list of the reasons why such partial reduction may not be granted and the specific corrections necessary to comply with the approved Final Improvement Plan in order to approve the partial reduction. Pending such specific corrections, the Village Engineer shall approve the partial reduction to the extent the request is undisputed. The Developer may submit requests for partial letter of credit reductions without limit as to the number of such requests. The Village shall approve such partial reductions for work performed, notwithstanding the fact that the various improvements have not been "completed," as set forth in Section 4 -107 -B of the Development Code. Such periodic drawdowns or reductions in the letter of credit shall be approved by the Village Engineer or his designee as provided herein and shall not require approval of the corporate authorities. H. Inspection fees and construction manager fees shall be reduced in direct proportion to reductions in the letter(s) of credit. SECTION 8: Completion of Private Improvements, Release of Remainder of the Letter(s) of Credit. A. In accordance with Section 4 -107,E of the Development Code, upon completion of all or specific individual Private Improvements shown on the Final Improvement Plan, the procedure September 21, 1994 t:\df\1 V -1 \deveI agr.4 8 for the release of the letter(s) of credit shall be as follows: 1) The Developer shall submit a formal written request that the Village release the letter(s) of credit for all, or specific individual Private Improvement(s). The Developer shall submit reproducible copies of the "as constructed" or "as built" drawings to the Village Engineer and submit evidence that notice, including a copy of a letter provided by the Village describing the final reduction request, has been served by personal service and/or certified mail return receipt requested on all unit owners and on the Homeowners' Association ( "HOA ") not less than 30 days prior to the submission to the Village of the final reduction request. When final acceptance of the private street, street lights, and/or storm sewer is requested, two sets of paper copies of "as constructed" or "as built" drawings of these specific Private Improvements will also be delivered to the HOA with the required notice of final reduction request not less than 30 days prior to the submission to the Village of the final reduction request. 2) The Project Architect shall simultaneously submit certification that all, or specific individual Private Improvements have been fully or individually completed in accordance with the Final Improvement Plan. 3) The Inspecting Engineer shall, within fourteen (14) days from the date of such request, (a) review, the request for final reduction and report on such request to the Village Engineer, and (b) review any notices from the HOA and/or unit owners that were received within 15 days of the HOA's and/or unit owners' receipt of notice of the final reduction request and report to the Village Engineer on whether or not further action and corrective measures should be taken to conform with the approved Final Improvement Plan. 4) The Village Engineer shall, within thirty (30) days from the date of such request, either approve such final reduction in the letter(s) of credit or provide the Developer with a complete written list of reasons why such final reduction may not be granted and the specific corrections necessary to comply with the approved Final Improvement Plan. Pending such specific corrections, the Village will approve the final reduction to the extent the request is undisputed. Upon approval of the final September 21, 1994 t:\df\1 V -1 \deveIagr.4 9 reduction request by the Village Engineer, the letter(s) of credit shall be released. Such release(s) shall not require approval of the corporate authorities. There shall be no maintenance agreement and/or maintenance guarantee following the final approval of all, or specific individual Private Improvements. The Village shall not take title to any completed Private Improvements. SECTION 9• Completion and Acceptance of Public Improvements• Release of Remainder of the Letter(s) of Credit: Maintenance Agreement. A. In accordance with Section 4 -109 of the Development Code, upon completion of all or specific individual Public Improvements shown on the Final Improvement Plan, and as further identified as such on Exhibit "F", all or specific individual Public Improvements shall be accepted once the following reviews and actions are completed, except that no on -site Public Improvements shall be accepted until the Development is substantially complete. Substantial completion shall be the point at which all site work, excluding landscaping, and all building enclosures are substantially complete: 1) The Developer shall file a formal written request that the Village accept the Public Improvements and shall submit all necessary maintenance guarantees to the Village Engineer. 2) The Project Architect shall simultaneously submit certification that all or specific individual Public Improvements have been completed in accordance with the Final Improvement Plan, and shall submit all appropriate as -built drawings of those Public Improvements to the Village Engineer. 3) The Inspecting Engineer shall, within 14 days from the date of such request, review the request for final reduction and report on such request to the Village Engineer. The Inspecting Engineer shall certify that all or specific Public Improvements have been fully or individually completed in accordance with Final Improvement Plan and that all appropriate as -built drawings of such Public Improvements have been submitted. 4) The Village Engineer, within 30 days from the date of such request, will either approve such final reduction in the letter(s) of credit, or provide the Developer with September 21, 1994 t:\df\1 A7 -1 \develagr.4 10 a complete written list of the reasons why such final reduction will not be granted and what specific corrections are necessary to comply with the approved Final Improvement Plan in order to approve the final reduction requested. 5) The Board of Trustees shall adopt a resolution officially accepting all or specific individual Public Improvements within 30 days after the Village Engineer has approved said final reduction. Said resolution shall also release any retention or other portion of the letter(s) of credit applicable to such improvements. B. Upon acceptance of Public Improvements identified on Exhibits "F" in accordance with the requirements of paragraph A of this Section, the Village will take title to and be responsible for maintenance of the water mains shown on the Final Improvement Plan and connections therefrom, up to and including the "B- Boxes ". With respect to the sanitary sewer improvements, the Village shall own the sanitary sewer mains. Title to fire hydrants, valves, valve vaults, meter pits and B -Boxes shall be held by the Village. The Developer and /or HOA shall be responsible for all of the sanitary services including connections to the main. C. Simultaneous with the acceptance of all or specific individual Public Improvements as described above, the Developer and the Village shall enter into a Maintenance Agreement pursuant to Section 4 -110 of the Development Code. Said Agreement shall provide for the Developer to repair or replace defective materials and workmanship for a period of time extending one (1) year from the date of Village acceptance of such Public Improvements and to post a maintenance guarantee conforming with the requirements of the Code in the amount of ten (10 %) percent of theExhibit "F" total amount of all or specific individual Public Improvement(s) accepted by the Village, as the case shall be. The Developer may either utilize the remaining balance in the Ietter(s) of credit for purposes of this guarantee or may substitute another form of guarantee for such purpose, including but not limited to a bond in a form reasonably acceptable to the Village Manager and Village Attorney, or cash. D. If, at the expiration of the Maintenance Agreement, no defects in workmanship or materials have been identified, the maintenance guarantee shall be released by the Village Engineer. Release of the maintenance guarantee shall not require approval of the corporate authorities. In the event any defects are identified by the Village Engineer during the term of the maintenance guarantee, the balance of such guarantee shall be released only after a) the Village has been fully September 21, 1994 t: \dt\ 11\7- I \deveIagr.4 11 reimbursed for the amounts expended in correcting defective Public Improvements, or b) the Developer or other party in interest has successfully repaired such defects to the satisfaction of the Village Engineer. SECTION 10: Fire Station Parcel A. The Developer shall convey to the Village merchantable title to Lot 47 of the Coromandel Resubdivision within thirty (30) days of the recording of the final Plat of Resubdivision. As consideration for this conveyance, the Village shall simultaneously convey merchantable title to the parcel of land generally located adjacent to the south end of the Subject Property described in document # 2712086 recorded August 17, 1988, in Lake County, Illinois. As these are conveyances to and from a local governmental body, the parties shall jointly claim an exemption from any state, county or local real estate transfer tax. The deed to Lot 47 shall contain the following restrictions: 1. The use of Lot 47 is limited to a fire station substantially in accordance with the plans previously submitted to the Village of Deerfield and on file with the Village Clerk. 2. The materials and architectural details used on the exterior of the station shall be substantially similar to those utilized within the Coromandel Development. 3. Said site shall not have any driveway access into the Development. 4. All due consideration and restraint shall be exercised by the Fire Department to limit the amount and level of noise generated on Lot 47 and around the Development. 5. Lot 47 shall not be developed contrary to the terms of the deed restriction for a period of twenty years from the date of conveyance. 6. Upon conveyance, the Village authorizes the Developer to enter upon Lot 47 for purposes of earthwork, construction and landscaping in accordance with the Final Improvement Plan (said improved area is referred to as the " Bermed Area "). The Bermed Area will remain in substantially the same condition as improved for a period of twenty years from the date of conveyance. The Village acknowledges that the Developer has been relying and will continue to rely on this deed restriction in the sales and marketing of its improvements, and that any use of Lot 47, contrary to September 21, 1994 t:\df\1 f\7 -1 \deveIagr.4 12 the terms and conditions described hereinabove, without the Developer's written consent, will have a significant negative impact on the Developer's sales and marketing efforts. SECTION 11: Assurance as to Construction Barring strikes, work stoppages, acts of God or other events outside the anticipation and reasonable control of Developer, all off -site Public Improvements secured by the letter(s) of credit, excluding the Waukegan Road and Kates Road Intersection Improvements, shall be substantially completed on or before June 1, 1997. In the event the Village certifies that there appears to be no likelihood that IDOT will proceed with or complete the Waukegan Road and Kates Road Intersection Improvements, these improvements shall be substantially completed within two years from the receipt of such written certification by the Developer. Construction of the clubhouse shall commence coincident with the completion of 370 Kelburn Road. All on -site Public Improvements and Private Improvements secured by the letter(s) of credit shall be substantially completed on June 1, 2000 or by the date the building permit for the 300th unit is granted, whichever is sooner. In the event said improvements are not substantially completed pursuant to said schedule, the Village may, at its option, draw upon said letter(s) of credit for the purpose of completing the applicable improvements. SECTION 12: Homeowners' Association. Pursuant to Section 5 -104, the Developer has established one or more Homeowners' Associations responsible for the perpetual maintenance of common facilities of the Subject Property, including, but not limited to, entrance signs, landscaped areas, lakes, fences, recreation facilities, and other common features or amenities. The Village acknowledges that the form of such agreements has been submitted to, reviewed by, and approved by the Village Attorney. The Village acknowledges that the submitted Property Owners' Association documents satisfy Section 5- 104 -E, including, but not limited to, the requirement that the Village has the right to enforce the various covenants contained therein, and the right after ten (10) days written notice to the Association to perform maintenance work, to assess the membership for such work, and to have a lien placed against the property of any member, pursuant to and limited by Section 5- 104 -E(8). September 21, 1994 t: \df\ I V -1 \develagr.4 13 SECTION 13: Compliance with Other Rules and Regulations. Except as specifically provided herein, the development of the Subject Property shall proceed in accordance with the Ordinances described hereinabove and with applicable provisions of the Deerfield Municipal Code. SECTION 14: Successors and Assigns. This Agreement shall be binding upon the parties, their respective successors and assigns. SECTION 15: Remedies. Upon breach of this Agreement, any party in a court of competent jurisdiction may obtain all appropriate relief, including, but not limited to, specific performance, injunction or damages. Notwithstanding the foregoing, before the failure of any party to perform its obligation under this Agreement may be considered a breach, the party claiming such failure shall notify, in writing, the party alleged to have failed to perform, and shall demand performance. No breach may be found to have occurred if performance has commenced to the reasonable satisfaction of the complaining party within thirty (30) days of receipt of such notice and if the failing party peruses diligently the curing of such failure. Notwithstanding any other provision herein to the contrary, no such notice shall be required for the Village to draw upon an expiring letter of credit as authorized by Section 7,C. SECTION 16: Captions. The captions herein are inserted for the convenience of the parties and are not to be construed as an integral part of the Agreement. SECTION 17: Governing Law. This Agreement shall be governed by and construed in accordance with Illinois Law. SECTION 18: Authority. The parties warrant and represent that they have the power and authority to enter into this Agreement in the names, titles and capacities herein stated. SECTION 19: Notices. All notices, elections and other communications between the parties hereto shall be in writing and shall be mailed by certified mail, return receipt requested, postage prepaid or delivered personally to the parties at the following addresses, or to such other addresses September 21, 1994 t:1df11 A7- I WevelagrA 14 as the parties by notice shall designate: If to the Village: Village of Deerfield 850 Waukegan Road Deerfield, Illinois 60015 Attn: Village Manager Copy to: Pedersen & Houpt 161 N. Clark Street, Suite 3100 Chicago, Illinois 60601 Attn: James K. Stucko Herbert J. Linn If to the Developer: Optima Deerfield Limited Subpartnership, L.P. 630 Vernon Avenue Glencoe, Illinois 60022 Copy to: John B. Murphey Rosenthal, Murphey, Coblentz & Janega 30 N. LaSalle Street, Suite 1624 Chicago, Illinois 60602 SECTION 20: Severability. If any provision, covenant, agreement or portion of this Agreement is held invalid, such invalidity shall not affect the application or validity of such other provisions, covenants or portions of this Agreement. SECTION 21: Entire Agreement. This Agreement supersedes any prior agreements, negotiations and exhibits and is a full integration of the entire Agreement of the parties. The exhibits to this Agreement are expressly incorporated herein. SECTION 22: Estoppel Certificates. Developer, its successors or assigns may request and obtain from the Village a letter or certificate, stating: (i) whether this Agreement and the Ordinances September 21, 1994 t:\df\1 f\7 -1 \deve1agr.4 15 and resolutions referred to herein are in full force and effect; (ii) which covenants and requirements of this Agreement and said Ordinances have been fully performed to the best of the Village's knowledge; (iii) that the Developer is not in default of its obligations under this Agreement and such Ordinances, or if Developer is in default, the nature and extent of such default; and (iv) the nature and extent of any amendment or modification to this Agreement or such Ordinances. SECTION 23: Counterparts and Duplicate Originals. This Agreement may be executed in any number of counterparts and duplicate originals, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. IN WITNESS WHEREOF, the parties hereto have set their hands and seals as of the date and year first written above. VILLAGE OF DEERFIELD Lake and Cook Counties, Illinois By: MAya2 OPTIMA DEERFIELD LIMITED SUBPARTNERSHIP, L.P. By: OPTIMA DEERFIELD LIMITED PARTNERSHIP., an Illinois Limited Partnership By: OPTIMA DEERFIELD HOLDINGS, L.P., an Illinois Limited Partnership, Its General Partner By: OPTIMA DEERFIELD, INC., an Illinois Corporation, Its General Partner By: David C. Hovey, President September 21, 1994 tAdf11 V- hdevelagr.4 16 SCHEDULE OF EXHIBITS Exhibit "A" Legal Description of Subject Property Exhibit "B" Enumeration of Authorizing Ordinances and Related Approval Measures Exhibit "C" Schedule of Documents Comprising Final Development Plan Exhibit "D" Site Development Schedule Exhibit "E" Description of Off -Site Improvements to be Constructed by Developer Exhibit "F" Approved Estimate for Cost of Construction of Public and Private Improvements Exhibit "G" Letter of Credit Form Exhibit "H" Inspecting Engineer Scope of Services Exhibit "I" Inspecting Engineer Scope of Services Letter Agreement Exhibit IT' Project Architect Scope of Services September 21, 1994 OdA 1 V- I \develagr.4 17 EXHIBIT "A" LEGAL DESCRIPTION OF SUBJECT PROPERTY -1lE OF ;LL1N01; ) a ill 1 , 0[ COOK ) SS. .,t, PROFESSIONALS ASSOCIATED. 00 HEREBY CERTIFY THAT WE HAVE SURVEYED AND RESU801VIDED THE FOLLOWING DESCRIBED PROPERTY TO -WIT: PARCEL 1: rift 19 IN OWNER'S FIRST ADDITION IN DEERFIELD. IN SECII1IN 33.iUWNSHIP 43 NORTH, RANGE 12. EAST Of THE THIRD PRINCIPAL MERIDIAN, :i.COHOING TO THE PLAT THEREOF. RECORDED SEPTEMBER 25, 1915, AS DOCUMENT 161061 IN BOOK "J" OF PLATS. PAGES 46 AND 47, EXCEPTING HIEREFROM THAT PART OESCRIBEO.AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF LOT 1 IN BLOCK 5 IN HALL AND OSTERMAN'S ADDITION t0 THE TOWN OF DEERFIELD. ILLINOIS. (ACCORDING TO THE PLAT THEREOF, RECORDED ON JUNE 2. 1874. IN 8009' "A" OF PLATS ON PAGE 16) SAID SOUTHWEST CORNER BEING 20.00 FEET SOUTH OF THE SOUTHEAST CORNER OF WOODMAN'S RESUSOIVISION•OF LOTS 2. 3. 4. S. 6: AND 7 IN 'BLOCK 5 AND LOTS 1. 2 AND 3 IN BLOCK 4 OF AFORESAID HALL AND OSTERMAN'S ADDITION; THENCE SOUTH 15 DEGREES 46 MINUTES EAST, 52.00 FEET: THENCE EAST 66.00 FEET TO THE MOST SOUTHERLY SOUTHWEST CORNER OF SAID LOT 1. BLOCK 5..-HALL:ANO.OSTERMAN'S ADDITION :THENCE NORTH 13 MINUTES WEST. 50.00 FEET ALONG THE BOUNDARY LINE OF SAID LOT 1. BLOCK 5 :11HENCE WEST= ALDNG•THE. BOUNDARY: OF SAID LOT 1, BLOCK 5, 80.00 FEET TO THE PLACE OF BEGINNING. ALSO EXCEPTING FROM SAID LOT 19 THAT PART THEREOF DESCRIBED•AS FOLLOWS, TO-WIT: BEGINNING AT A POINT IN THE SOUTH LINE OF LOT 10 IN WOODMAN'S RESUBDIVISION OF PARTS OF 8LOCKS 4 AND 3'IN.HALL AND OSTERMAN'S AOOITION AFORESAID. SAID POINT BEING 10.00 FEET EAST OF THE SOUTHWEST CORNER OF SAID LOT 10-. -.THENCE SOUTH PARALLEL TO THE WEST LINE OF LOT 10 EXTENDED, 10 r30 FEET: THENCE SOUTH 23 DEGREES EAST, 356.95 FEET TO A POINT WHICH *•IS 305.00 FEET EASTERLY OF THE CENTERLINE OF THE RIGHT OF WAY OF THE CHICAGO. MILWAUKEE. ST. PAUL, AND PACIFIC RAILWAY COMPANY. MEASURED- Ar,RIGHT ANGLES THERETO: THENCE SOUTHERLY PARALLEL TO THE EASTERLY RIGHT OF WAY LINE OF SAID RAILWAY. 300.00 FEET : -THENCE.WESTERLY AT RIGHT ANGLES TO THE LAST OESCRIB;D LINE. 255.00 FEET TO THE EASTERLY LINE OF SAID RAILWAY; THENCE NORTHERLY .ALONG SAID EASTERLY•RIG14T OF WAY LINE. 300..00 FEET: THENCE EASTERLY AT RIGHT ANGLES TO SAID EASTERLY RIGHT OF WAY LINE. 125.00 FEET; THENCE NORTHERLY ON A CURVE CONCE- NTRIC TO THE CENTERLINE OF SAID RIGHT OF WAY AND 175.00 FEET EASTERLY THEREFROM. 429.50 FEET•TO THE NORTHWEST CORNER OF SAID LOT 19: THENCE 'EASTERLY 147.90 FEET TO THE. PLACE OF. BEGINNING, IN LAKE COUNTY, ILLINOIS. PARCEL 2: A PAR OF LAND. BEING THAT PART OF THE SOUTHWEST 1/4 OF SECTION 33, TOWNSHIP 43 NORTH. RANGE-12. EAST OF THE THIRD PRINCIPAL MERIDIAN. WHICH LIES WEST OF THE CENTERLINE OF WAUKEGAN ROAD (FORMERLY TELEGRAPH ROAD) EAST'OF•THE EASTERLY.RIGHT OF WAY-.LINE OF THE CHICAGO. MILWAUKEE. ST. PAUL. AND PACIFIC RAILROAD COMPANY AND NORTH AND NORTHERLY OF' THE. FOLLOWING DESCRIBED. LINE: IBEGINNI- HG AT THE POINT OF INTERSECTION OF SAID EASTERLY RIGHT OF WAY LINE OF THE CHICAGO:. MILWAUKEE. -ST. PAUL'. AND PACIFIC RAILROAD COMPANY WITH THE SOUTH LINE OF THE NORTH 635.20 FEET OF SAID SOUTHWEST 1/4, AND RUNNINGTHENCE UST'ALONG :THE SOUTH LINE-OF THE SAII NORTH 635.20 FEET, A DISTANCE OF 1412.13 FEET. AND THENCE NORTHEASTWAROLY ALONG'A LINE WHICH DEFLECTS 26 DEGREES. 21 MINUTES TO THE LEFT FROM A PROLONGATION OF THE LAST DESCRIBED COURSE, A DISTANCE OF 117,03 FEET TO THE CENTERLINE OF.WAUKEGAN ROAD AND (EXCEPT THAT PART OESCRIBED•AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF SAID SOUTHWEST 1/4; THENCE NORTH 89 DEGREES 58 MINUTES 55 SECONDS EAST, 504.01 FEET ALONG THE NORTH LINE OF SAID SOUTHWEST 1/4 TO A POINT ON THE NORTHEASTERLY RIGHT OF WAY LINE OF THE CHICAGO, MILWAUKEE, ST. PAUL. AND PACIFIC RAILROAD; THENCE SOUTH 25 DEGREES 15 MINUTES* 59 SECONDS EAST. 669.26 FEET ALONG SAID NORTHEASTERLY RIGHT OF WAY TO A POINT ON THE NORTH RIGHT OF WAY LINE OF KATES ROAD; THENCE NORTH 89 DEGREES 58 MINUTES 55 .ECONDS EAST. 342.88 FEET ALONG SAID NORTH RIGHT OF WAY LINE TO THE POINT OF BEGINNING: THENCE NORTH 00 DEGREES 01 MINUTES 05 SECONDS WEST, 76.25 FEET; THENCE NORTH 89 DEGREES 58 MINUTES 55 SECONDS EAST, 489.95 FEET; THENCE SOUTH 00 DEGREES 01 MINUTES rr5 SECONDS EAST, 56.25 FEET; THENCE SOUTH 45 DEGREES 01 MINUTES 05 SECONDS EAST, 28.28 FEET* TO A POINT ON THE NORTH RIGHT OF WAY ilF RATES ROAD; THENCE SOUTH 89 DEGREES 58 MINUTES 55 SECONDS WEST. 509.95 FEET ALONG AFORESAID RIGHT OF WAY LINE. TO THE POINT OF 3EGiNN1NG). IN LAKE COUNTY, ILLINOIS. 30FICEL 3: .OI-3� IN MATTHY'S RESUBDIVISION OF LOTS 8, 9. AND 10 (EXCEPT THE WEST 10.00 FEET OF LOT 10) IN WOODMAN'S RESUBOIY[SION OF PART OF 4LOCKS 4 AND 5 IN HALL AND OSTERMAN'S ADDITION TO DEERFIELD. IN SECTION 33, TOWNSHIP 43 NORTH, RANGE 12.:EAST OF THE THIRD PRINCI ••%.L MERIDIAN, ACCORDING TO THE PLAT OF SAID MATTHY'S RESU801VISION RECORDED APRIL 19, 1966 AS DOCUMENT 1301146 IN LAKE COUNTY. .LLINOIS. ,no THAT THE PLAT HEREON DRAWN IS A CORRECT REPRESENTATION OF SAID SURVEY AND RESUBOIVISION. DIMENSIONS ARE SHOWN IN FEET AND jECIMAL PARTS THEREOF AND ARE CORRECTED TO A TEMPERATURE OF 68 DEGREES FAHRENHEIT. ;T IS ALSO CERTIFIED THAT NO PART OF THE PROPERTY ,COVERED BY SAID SURVEY 15- SITUATED WITHIN 500.03 FEET OF A SURFACE DRAIN OR :1ATER COURSE SERVING A TRIBUTARY. AREA OF 640 ACItS'OR MORE. I FURTHER CERTIFY THAT THE LAND INCLUDED BY SA117 SURVEY IS WITHIN THE CORPORATE LIMITS OF THE 'VILLAGE OF DEERFIELD. WHICH HAS ADOPTED A CITY PLAN AND IS EXERCISING THE SPECIAL'POWER AUTHORIZED BY DIVISION 12 OF ARTICLE 11 OF THE ILLINOIS MUNICIPAL CODE. 1.I14COL11W000. ILLINOIS. DATED THIS 27th DAY OF- MA Y A.D. 1994. ;' PROFESSIONAL ILLINOIS REGISTERED LAND SURVEYOR NO. 2819 PICUMOMMOIND111 PAIN COWN19CMIrlon Final Development Plan Optima, Inc. Ordinance No. 0 -94 -37 entitled "An Ordinance Amending the Zoning Map and Authorizing a Special Use for a Residential Planned Unit Development" EXHIBIT "C" SCHEDULE OF DOCUMENTS COMPRISING FINAL DEVELOPMENT PLAN FINAL DEVELOPMENT PLAN DOCUMENTS Document Description Final Site Plan/Final Improvement Plan Plat of Resubdivision The Coromandel Umbrella Declaration of Easements, Restrictions and Covenants The Coromandel Townhome Declaration of Easements, Restrictions and Covenants The Coromandel Condominium Association Declaration of Easements, Restrictions, and Covenants Coromandel Construction Schedule Landscape Plans Final Engineering Plans Title Sheet Existing Conditions Site Plan Grading Plan - Southwest Grading Plan - Southeast Grading Plan - Northwest Grading Plan - Northeast Geometric Plan - Southwest Geometric Plan - Southeast Dated August 12, 1994 May 27,1994 August 11, 1994 L 1 -L2, L3, L9, L 10, L 11, L 12 dated August 12, 1994 L4 -L8 dated August 24, 1994. Geometric Plan - Northwest Geometric Plan - Northeast Plan and Profile - Kelburn Road North and Kelburn Road South Plan and Profile - Milford Road Sta. 0 +00 to Sta. 6 +00 Plan and Profile - Milford Road Sta. 6 +00 to Sta. 14 +00 Plan and Profile - Milford Road Sta. 14 +00 to Sta. 21 +00 Plan and Profile - Milford Road Sta. 21 +00 to Kelburn Road Sta. 26 +00 Plan and Profile - Kelburn Road Sta. 26 +00 to Sta. 34 +00 Plan and Profile - Kelburn Road Sta. 34 +00 to Sta. 41 +00 Plan and Profile - Kelburn Road Sta. 41 +00 to Sta. 46 +50.73 Plan and Profile - Amberley Lane and Taupo Lane Plan and Profile - Watertower Service Road Plan and Profile - Buildings D & G Parking Lot Plan and Profile - Waukegan Road General Notes Detail Sheets TUrm df\If\7- 1 \fin15244.t1 September 16, 1994 EXHIBIT "D" SITE DEVELOPMENT SCHEDULE INCLUDING DEVELOPMENT SCHEDULE FOR PRIVATE RECREATION AREAS Coromandel - Optima Deerfield Residences Site Work Schedule Issued: 8x1/94 8:00am ID Name Duration Start Finish 1994 1995 1996 1997 1998 1 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qlr 2 Qtr 3 Qtr 1 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 QU 3 Qtr 4 Qtr 1 Qtr 2 1 Our 3 1 Qtr 1 1 Qtr 1 1 Qtr 2 1 Site Work 950d 6115194 213198 2 Tree Protection 10d 6115194 6/28194 ■ — - - -_ - - -.�— — - -- 3 Earthwork 877d 9126194 213198 4 Erosion and Sediment Controls 50d 9126194 1212194 -- f 5 Underground Utilities - South Half 120d 11/15/94 511195 6 OH Site Improvements - South Entranc 68d 3/1195 612195 _ - - — - -- -- - -- - 7 Curbs - South Half 30d 311195 4111195 8 Bituminous Paving - South Half 30d 411195 6112195 - - -- 9 Sidewalks - South Halt 60d 411195 6123195 10 Com Ed/Ameritech/N.S. Gas 317d 411195 6118196 - - - -- Street Lights - South Half 30d 4115195 5126195 Underground Utilities - North Half 120d 711195 12115195 t�t� --------- --- -- ---- -- - - -- Curbs - North Half 90d 311196 714196 r16 Bituminous Paving - North Half 60d 411196 6121196 Sidewalks - North Half 60d 411196 6121196 Street Lights - North Half 30d 4115196 6124196 -- 17 StreetSignage 10d 711196 7112196 18 Private Recreation Areas 120d 911196 2114197 I IQ s:%df%ld13- 1%vllg sch mpp EXHIBIT "E" DESCRIPTION OF OFF -SITE IMPROVEMENTS TO BE CONSTRUCTED BY DEVELOPER DESCRIPTION OF OFF -SITE IMPROVEMENTS TO BE CONSTRUCTED BY DEVELOPER Waukegan Road and Kates Road Intersection Improvements The scope of work for this intersection is as follows: Relocate the Waukegan and Kates Roads intersection approximately 55 feet north from its present location. Widen the west side of Waukegan Road from approximately 350 feet south to 250 feet north of the intersection of Kates Road and Waukegan Road. Mill existing bituminous concrete surface. Modify and relocate storm sewers. Adjust existing utility structures. Widen with 10" PCC concrete base course and 6 inch subbase granular material. Install Temporary signals. Install Permanent signals. Coordinate with the Village of Deerfield and IDOT for signal interconnection with Osterman Avenue and the CCHD for interconnection with Lake Cook Road. Resurface Waukegan Road with l -1/2" of binder and 1- 1/2'.' of surface. Prepare a traffic control plan. Extend right turn lane of southbound Waukegan to westbound Kates. Install two (2) dual lefts (twin lanes) on eastbound Kates to northbound Waukegan. Install one (1) right turn lane eastbound on Kates to southbound Waukegan. Install two (2) through lanes at Waukegan, north and south. Install left turn bay on northbound Waukegan to westbound Kates. Stripe. Modify whitehall driveway extentions. Relocate /place of Opticom devices. Kates Road, Corporate 500 and Kelburn Road Intersection Improvements The scope of work for this intersection is as follows: Remove curb and gutter and narrow the pavement section to improve the alignment of the intersection. Install temporary signals if necessary. Relocate of the existing signals and Opticom devices to conform to the new roadway. Remove and replace pavement by milling and resurfacing. Interconnect Kates and Waukegan Roads signals. Stripe. TE:sa dfllc\ 6 \traffl.tl EYHIBIT "F" APPROVED ESTIMATE FOR COST OF CONSTRUCTION OF PUBLIC AND PRIVATE IMPROVEMENTS CORMANDEL ESTIMATED CONSTRUCTION COST 03- Oct -94 DESCRIPTION UNIT QUANTITY UNIT PRICE TOTAL TRANSPORTATION TYPE IMRPROVEMENTS PRIVATE STREETS - PRIVATE IMPROVEMENT Bituminous Concrete Surface TON 690 $40.00 $27,600 'Course, Class 1 -1 1/2" LF 609 $3.00 $1,827 Bituminous Concrete Binder TON 920 $38.00 $34,960 'Course, Class 1 -2" EA 24 $406.00 $9,754 CA -6 Stone Base -4" TON 1,841 $14.00 $25,774 PGE- 14.5" TON 6,672 $14.00 $93,408 86.12 Curb & Gutter LF 4,978 $10.00 $49,780 SUBTOTAL: $231,562 TOWNHOMES Bituminous Concrete Surface TON 501 $40.00 $20,067 Course, Class 1 -1 1/2" LF 609 $3.00 $1,827 Bituminous Concrete Binder TON 669 $38.00 $25,437 Course, Class 1 -2" EA 24 $406.00 $9,754 CA -6 Stone Base -4" TON 1,338 $14.00 $18,732 PGE- 11.5" TON 3,847 $14.00 $53,859 M3.12 Curb & Gutter LF 3,676 $10.00 $36,763 SUBTOTAL: $154,858 PARKING LOTS Bituminous Concrete Surface TON 1,159 $40.00 $46,383 Course, Class 1 -1 1/2" LF 609 $3.00 $1,827 Bituminous Concrete Binder TON 1,159 $38.00 $44,063 Couse, Class 1 -1 1/2" EA 24 $406.00 $9,754 CA -6 Stone Base -4" TON 3,092 $14.00 $43,297 PGE -8" TON 6,185 $14.00 $86,595 Vertical Curb LF 2,374 $10.00 $23,742 SUBTOTAL: $244,080 STREET LIGHTS - PRIVATE IMPROVEMENT Unit Duct LF 3,590 $2.50 $8,975 3" G.S. Conduit LF 609 $3.00 $1,827 Street Light Type 1 EA 24 $2,110.16 $50,644 Handhole EA 24 $406.00 $9,754 Cold Milling SY 3,717 SUBTOTAL: $71,200 STREET TREE PLANTING - PRIVATE IMPROVEMENT Trees EA 52 $178.60 STREET SIGNS - PRIVATE IMPROVEMENT Signs EA 55 SIDEWALKS & BIKE PATHS - PRIVATE IMPROVEMENT Sidewalk F 25,43 Bike Path SF 2,412 $4.07 $9,825 SUBTOTAL: $83,400 OFFSITE INTERSECTION IMPROVEMENTS - PUBLIC IMPROVEMENT Earth Exc., Special CY 985 $10.00 $9,857 Erosion Control Spc. LS 1 $303.00 $303 Pavement Removal Pcc SY 858 $7.00 $6,009 Pavement Removal Bit. Concrete SY 317 $4.00 $1,268 Cold Milling SY 3,717 $3.00 $11,151 KATES ROAD PAVEMENT Bltuminous Concrete Surface TON 80 $31.00 $2,507 Bituminous Concrete Binder TON 109 $29.00 $3,174 Bituminous Base Course 8 " TON 450 $26.00 $11,719 Granular Base 4" SY 868 $4.00 $3,475 Page 1 CORMANDEL ESTIMATED CONSTRUCTION COST 03- Oct -94 DESCRIPTION UNIT QUANTITY UNIT PRICE TOTAL WAUKEGAN ROAD PAVEMENT 1.5" Surface TON 451 $31.00 $14,010 1.5" Binder TON 459 $29.00 $13,327 PCC Windening SY 1,196 $16.00 $19,137 Granular Base 5" SY 983 $5.50 $5,408 Leveling Binder TON 174 $26.00 $4,549 Pavement Replacement SY 346 $14.00 $4,846 86.24 Curb and Gutter LF 677 $8.00 $5,418 PCC Sidewalk 5" SF 3,276 $2.00 $6,552 86.12 Curb and Gutter LF 591 $6.50 $3,845 Curb and Gutter Removal LF 1,443 $3.00 $4,331 PCC Sidewalk Removal SF 2,674 $1.00 $2,674 Trench Backfill CY 79 $19.00 $1,516 Thermoplastic Markings LS 1 $2,780.00 $2,780 Raised Pavement Markings LS 1 $2,679.00 $2,679 Topsoil PI. 6" SY 2,476 $2.00 $4,953 Seeding Class 2A AC 1 $1,667.00 $1,684 Mulch Method 7 AC 1 $252.00 $255 Traffic Control LS 1 $20,220.00 $20,220 12 " RCP Storm LF 56 $18.00 $1,023 15" RCP STORM LF 33 $19.00 $636 48" Storm Manhole EA 3 $606.00 $1,819 24' Inlet EA 10 $303.00 $3,033 Frame & Grates Adjusted EA 20 $151.00 $3,033 Frame & Grates Adjusted EA 20 $151.00 $3,033 Manhole Removal, SPC EA 4 $252.00 $1,011 Street Light Relocate EA 3 $909.00 $2,729 Temp. Signals LS 1 $9,099.00 $9,099 Permanent Signals LS 1 $85,935.00 $85,935 SUBTOTAL: $279,000 ENVIRONMENTAL PROTECTION & SITE PREPARATION MEASURES GRADING & RELATED SITE PREPARATION - PRIVATE IMPROVEMENT Tree Clearing LS 1 $10,762.00 $10,762 Demolition LS 1 $5,393.00 $5,393 Utility Abandonment LS 1 $1,678.00 $1,078 Top Soil Stripping CY 26,129 $2.00 $52,258 Excavation CY 158,149 $2.00 $316,299 Topsoil Spreading, 6" CY 26,129 $1.33 $34,838 Silt Fence LF 2,507 $1.00 $2,507 Strawbales EA 255 $3.00 $767 Sod & Mulch SY 63,098 $1.00 $63,098 SUBTOTAL: $487,000 TREE PROTECTION - PRIVATE IMPROVEMENT Tree Protection LS 1 $6,500.00-- 'EROSION & SEDIMENT CONTROL - PRIVATE IMPROVEMENT Keystone Retaining Wall SF 600 $14.00 Filter Fabric SY 5,222 $1.50 $7,833 Addt'I Erosion Control LS 1 $17,067.00 $17,067 SUBTOTAL: $33,300 UTILITY SYSTEMS STORM SEWER SYSTEM - PRIVATE IMPROVEMENT Special Release Manhole EA 1 $3,145.00 $3,145 24" Inlet EA 20 $377.00 $7,540 24" Catchbasin EA 0 $800.00 $0 48" Manhole EA 10 $691.00 $6,910 48" Catchbasin EA 21 $943.00 $19,752 60" Manhole EA 7 $1,069.00 $7,483 Page 2 CORMANDEL ESTIMATED CONSTRUCTION COST 03- Oct -94 DESCRIPTION UNIT QUANTITY UNIT PRICE TOTAL 60" Catchbasin EA 5 ' $1,258.00 $6,290 72" Manhole EA 1 $1,572.00 $1,572 72" Catchbasin EA 0 $2,800.00 $0 15" Flared End Section EA 1 $345.00 $345 18" Flared End Section EA 3 $377.00 $1,131 21" Flared End Section EA 1 $440.00 $440 24" Flared End Section EA 2 $471.00 $942 27" Flared End Section EA 2 $534.00 $1,068 30" Flared End Section EA 11 $597.00 $6,567 12" RCP LF 537 $20.00 $10,740 15" RCP LF 1,375 $20.00 $27,500 18" RCP LF 1,274 $25.00 $31,850 21" RCP LF 134 $30.00 $4,020 24" RCP LF 466 $35.00 $16,310 27" RCP LF 219 $40.00 $8,760 30" RCP LF 1,053 $45.00 $47,385 20" Steel Casing Pipe & Auger LF 0 $125.00 $0 Trench Backfill CY 430 $25.00 $10,750 Other EA 1 $35,000.00 $35,000 SUBTOTAL: $255,500 WATER SYSTEM - PUBLIC IMPROVEMENT 10" DIP CLASS 52 LF 1,872 $40.00 $74,890 8" DIP CLASS 52 LF 3,102 $35.00 $108,570 6" DIP CLASS 52 LF 482 $30.00 $14,470 Fire Hydrants EA 19 $646.00 $12,279 10" Valve, 60" Vault EA 5 $969.00 $4,847 10" Tapping Valve, 60" Vault EA 1 $3,300.00 $2,132 8" Valve, 48" Vault EA 9 $1,200.00 $6,980 8" Tapping Valve, 60" Vault EA 1 $3,000.00 $1,938 6" Valve & Box EA 11 $500.00 $3,554 Casing Pipe LF 20 $32.00 $646 Trench Backfill CY 1,217 $25.00 $19,663 Other EA 1 $25,000.00 $25,000 SUBTOTAL: $275,000 SANITARY SEWER SYSTEM - PUBLIC IMPROVEMENT 48 Sanitary Manhole EA 26 $957.00 $24,905 Drop Connections EA 3 $319.00 $957 8" PVC SDR 26 San. Sewer LF 3,832 $25.00 $95,809 Casing Pipe LF 42 $45.00 $1,915 Trench Backfill CY 2,009 $20.00 $40,199 Other EA 1 $35,000.00 $35,000 SUBTOTAL: $198,800 TENNIS COURT(120 -60) - PRIVATE IMPROVEMENT Bituminous Surface & Coating TON 53 $70.00 $3,710 CA -6 Stone Base -6" TON 200 $14.00 $2,800 10' Fencing and Gate LF 360 $18.00 $6,480 Netting and Posts EA 1 $1,500.00 $1,500 SUBTOTAL: $14,490 BASKETBALL COURT (40.60) - PRIVATE IMPROVEMENT Bituminous Surface & Coating TON 32 $70.00 $2,240 CA -6 Stone Base -6" TON 80 $14.00 $1,120 Backstops EA 2 $800.00 $1,600 SUBTOTAL: $4,960 VOLLEYBALL COURT (20.44) - PRIVATE IMPROVEMENT Sand Base-12" CY Netting /Posts EA 1 $1,500.00 $1,500 SUBTOTAL: $2,556 Page 3 CORMANDEL ESTIMATED CONSTRUCTION COST 03- Oct -94 DESCRIPTION UNIT QUANTITY UNIT PRICE TOTAL TOT -LOT PLAYGROUNDS - PRIVATE IMPROVEMENT Playground Structures EA 3 $7,000.00 $21,000 Kompan Play Apparatus EA 6 $200.00 $1,200 Swing Sets EA 3 $700.00 $2,100 Sand and Mulch Base EA 3 $1,000.00 $3,000 SUBTOTAL: $27,300 CLUBHOUSE - PRIVATE IMPROVEMENT Clubhouse Building With two SF 3900 $65.00 $253,500 Pools, exercise Room & Party Room SUBTOTAL: $253,500 TOTAL RECREATIONAL TYPE IMPROVEMENTS: $302,806 TOTAL SITEWORK TYPE IMPROVEMENTS: $2,333,340 SUBTOTAL - Estimated Construction Cost $2,636,146 Inspection Fees $6,500 SUBTOTAL - Estimated Construction Cost and Inspection Fees $2,642,646 110% Of Estimated Construction Cost and Inspection Fees $2,906,910 Estimated Cost of Construction Manager $58,138 (2% of Estimated Construction Cost) TOTAL AMOUNT $2,965,048 SMRI W A ESTCOST Page 4 NBD Bank 100 East Higgins Road Elk Grove Village, IL 708/439 -1888 Telex: 206806/190278 Cable: BANKELGR International Banking DATE: IRREVOCABLE DOCUMENTARY CREDIT NUMBER: BENEFICIARY VILLAGE OF DEERFIELD 850 WAUKEGAN ROAD DEERFIELD, ILLINOIS 60015 ATTN: VILLAGE MANAGER APPLICANT OPTIMA DEERFIELD LIMITED SUBPARTNERSHIP, L.P. 630 VERNON AVENUE GLENCOE, ILLINOIS 60022 AMOUNT EXPIRY PAGE 1 of 2 AT OUR COUNTERS WE HEREBY ESTABLISH IN YOUR FAVOR OUR IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER WHICH IS AVAILABLE WITH US BY SIGHT PAYMENTS) AGAINST PRESENTATION OF YOUR DRAFT(S) "AT SIGHT" DRAWN ON US, BEARING THE CLAUSE "DRAWN UNDER NBD BANK, ELK GROVE VILLAGE, ILLINOIS LETTER OF CREDIT NUMBER " AND ACCOMPANIED BY: A CERTIFICATE OF THE VILLAGE MANAGER AND THE VILLAGE ENGINEER OF BENEFICIARY STATING: "BENEFICIARY IS ENTITLED TO DRAW ON THIS LETTER OF CREDIT PURSUANT TO THE TERMS OF THE DEVELOPMENT AGREEMENT DATED , 1994 BETWEEN BENEFICIARY AND OPTIMA DEERFIELD LIMITED SUBPARTNERSHIP, L.P." REDUCTIONS TO THIS LETTER OF CREDIT WILL BE MADE UPON OUR RECEIPT OF A WRITTEN REDUCTION REQUEST BY THE APPLICANT AND OUR RECEIPT OF A WRITTEN AUTHORIZATION BY THE VILLAGE ENGINEER. THIS LETTER OF CREDIT WILL BE CANCELLED IF: (A) NBD BANK, NOT INDIVIDUALLY, BUT SOLELY AS TRUSTEE UNDER TRUST NUMBER 4894 FOR WHICH THE BENEFICIARY IS OPTIMA DEERFIELD LIMITED SUBPARTNERSHIP, L.P. OR AN AFFILIATED COMPANY, DOES NOT ACQUIRE TITLE TO REAL ESTATE DESCRIBED AS COROMANDEL SUBDIVISION GENERALLY LOCATED AT THE NORTHWEST INTERSECTION OF KATES AND WAUKEGAN ROADS IN DEERFIELD, ILLINOIS ON OR BEFORE OCTOBER 31, 1994, AND (B) THE TRUSTEE NOTIFIES NBD INTERNATIONAL BANKING AND BENEFICIARY IN WRITING OF SUCH EVENT, ON OR BEFORE NOVEMBER 5, 1994. "WE (NBD BANK) WILL ENDEAVOR TO GIVE WRITTEN NOTICE OF THE EXPIRATION DATE TO THE VILLAGE MANAGER OF THE VILLAGE OF DEERFIELD AT LEAST 30 DAYS PRIOR TO THE EXPIRATION DATE, PROVIDED; HOWEVER, THAT FAILURE TO GIVE SUCH NOTICE SHALL NOT EXTEND THE 100 East Higgins Road Elk Grove Village, IL 708/439 -1888 Telex: 206806/190278 Cable: BANKELGR International Banking PAGE 2 of 2 THIS IS AN INTEGRAL PART OF LETTER OF CREDIT NUMBER: EXPIRATION DATE OR AFFECT ANY OF OUR (NBD BANK'S) OBLIGATIONS HEREUNDER OR OTHERWISE IMPOSE ANY LIABILITY UPON NBD BANK TO THE VILLAGE OF DEERFIELD." THIS DOCUMENTARY CREDIT IS SUBJECT TO THE "UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS" (1993 REVISION), INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500. IF YOU REQUIRE ANY ASSISTANCE OR HAVE ANY QUESTIONS REGARDING THIS TRANSACTION, PLEASE CALL 708 - 427 -5720 NBD BANK, BY: ITS: THIS DOCUMENT CONSISTS OF 2 PAGES. sAdA I aU- I Uettermedt BY: ITS: EXHIBIT "G" FORM LETTER OF CREDIT EXHIBIT "H" INSPECTING ENGINEER SCOPE OF SERVICES INSPECTING ENGINEER SCOPE OF SERVICES It is the intent of the parties that the Inspecting Engineer serve as the Village's field inspector and as such is responsible for advising the Village of all aspects of the Public Improvements and Private Improvements identified on Exhibit "F ". Specifically, the Inspecting Engineer scope of services will be as follows: During Construction * Make whatever inspections are reasonably required to inspect any Public Improvements and Private Improvements to confirm that the Improvements are being installed in compliance with the approved Final Improvement Plan. This shall include inspecting any Public Improvements and/or Private Improvements prior to backfilling or other manner of closure when applicable. Prior to the commencement of construction of the Public Improvements and Private Improvements, the Inspecting Engineer and the Project Architect shall establish a list of required inspections for each of the Public Improvements and Private Improvements. * Submit inspection reports to the Village Engineer. * Review certifications of the Project Architect regarding work for which Letter(s) of credit reductions are sought and report on such certifications to the Village Engineer. * Review any notices from the HOA and/or unit owners pursuant to Section 4- 107,E,5 and report to the Village Engineer on whether or not further action and corrective measures should be taken to conform with the approved Final Improvement Plan. * Certify that all or specific individual Public Improvements constructed or installed are in compliance with the approved Final Improvement Plan and all appropriate As- Built drawings have been submitted when the Developer seeks the Village's acceptance of any Public Improvement(s). EXHIBIT "I" INSPECTING ENGINEER SCOPE OF SERVICES LETTER AGREEMENT _7088353073 OPTIMA INC. _ . _ .�`... ConsWWV &Wneets 3100 Dn hbrookaIL 60062 4 708-272-7750 FAX: 708- 272.089 October 3,1994 Mr. vB of nay �a$`i 0015 Re: lW Boa �absovadm (W)"ffff" Dear Mr. Soyk : S59 PO2 OCT 03 194 16:29 - "14. 1 rx�ui We are plc=W to provide the foUowing pmpoW for cawaudion ohsemdw sevcices on Me Cora nandel PrWact. it is our mderstundiag from the 11111 F S12ffthat they will rev - quire a combo atiotr of full and part-time — —eetion services on the various pl»s of the improvement& in the prowl, we have � the tip lved � indication of part time or fall tmm sernma and our eshma This prropoW is dividad into four saefi ns as €a mr. L Scope of Servim 11L ft0eWA.SdxAhllc 13L staff IV. gnptpvw Men fDr Services. Pie= review this proposal and cmin t us if you have MW Quesdom GEWALTHAmmN ASSOCIATLS, INC, 7098353073 OPTIMA INC. L SCOPE OF SERVICES 558 P03 __ OCT 03'94 16:29 'nil scope is based upon our meedW with the VIWW 8 eerinS D truant and the Coromandel I�meat Algreemeut dared SepW*:r 3 ,1994. �amii�n Aso- dates, Ins will prande the services of a pma�sional engineer and senior technician to wordioate and conduct a�tructioa observation service-- Speuficaliy these services vnH include the fc lwAmr. 1. Provide a qualified Senior Tscitniciian or Junior En inter to observe the +coymc- tion and to revort to the Project Emdwr in our omee. Mia Technician will main- tain a writt+mlog regarding the progress and conditions of the work. He will also coordinate with both the general pastor and the Viffam r with to the r�e�flquirem�t for inspection and will provide all necessary repoxt3. pe i� by the Villsge der. I Maim periodic site visits to ba t any Public and Private ir�rovemeuts to confirm than the rmprvoveements arcs b tn�ttalled in OoMp iaree wait tho appr&md find improvementylan. This shall Th4ude impecting any pubic and /or private im- pruveme nn pnor to'backMling or otbar man of closure when applicahUr- 3. GHA wiri secure the services of a construction taft Orm to =&ct specialimd construction services whieb wild include soil, aggregate, Portland Cement con- crete, and bituminous concrete testing. The testes firm will be selected by the V sod hm a direct contract with 'U"UUW- The Village will be reimb ruA frsr� services of the testing &m by OptW4 bim in auccarda= with the develop - n=t agreement. GHA wM t oonftto and review all independiaut testing opera- dm dprooedum and assure all testing is provided in c�formasm with Vilingc 4. 1'ba re�pmsentative of GHA will attend job site progress tneetiugs in conjunction wit#t inspecdon acatvities as necossaxy during the course of the work. S. Review eertificatiams of Project Architect regarding work for which performance guarantee reductions are sought and report on sucb certifications to Vr7lage Engi- neer. E Mw field will observe and all watermain pressure sad cb1 m ucia testing as well es ec�ertlfy the results of�" ` tests as wired by iEFA and coar�SAM all pqmrwdrk with regard to approval of MPA pa naits. 7_ The fi41d ittapiCar�Nrill obaer�re and re an all sanitary sewer testing including deflection test„ air InUp testiq wid mwe r vidoo tapang- & Review any wdccs from the Ameowam Aswciation and /or unit owners relative to defidenAes to the sito improvetRents and report to Village End on whether or not further action and corrective measures should be taken to conform with approved final impmdweaient play 7088353073 OPTIMA INC. 558 PO4 OCT 03194 16:30 9. that an or sptaf c itu deal public impravaments Bong mmcted or installed are in com Aimm with apppprrovcd final fmprUvcWnt 1*0 and all appropriato as- bus'it drawings have been submitted when devrdapeyr seems Viliar amgmmee of am p►eblic s}. YF. PROPOSED SCFIF, = We are prepared to bran work on this pwiect m saw as stuthoriaation lea$ boo received. We will eoordimtc our schedule with the regents of the VflLW and ass= that all of ghee rexiuit+anents ace mct_ Following is our of timc flames iwu vcd for the project mW indication of the level of smvica to be provided. Grading Mass F.artbwcmk Fart Tie 9 w Wm �ewound�mnn. WOW FUR Time 8 weeks aw parkiag Loot P �e' fabric. stone Fall lime S w bye and surfs.= Comm) Cmarete Work Part 71= 5 Weeks Erosion Cb*ml/Restorad n fart Time 3 weeks Part IN= assamcs► lU hours per weals for a technician and 5 hours per week for an ou6- neer. Full dme assumes 22 hears per week for a to bmcm and 7.5 hours per week for an eineer. 1V. ENC.DZR MG STMW (,xv"1V1~Ianmlton Associate% Inc. p mpm Mr. Donald R Matthews, P.F. will fumcaian as the Project Eughw r overs"kg general inspect ioa of the project. Mr. Michael iaikic 1UT. aQd Mr. Cede Whitten, sew tembuieian,�r�de on the job absomtion I ii rdinatioa setvim undcrr the asp siou of Mr. 7088353073 OPTIMA INC. 558 P05 OCT 03194 16:30 ___ -- -- W. llth7vs Will fnsection as the direct contact between the Villas and the contractor and cftnt, lt Mr. Luldesb and Mr. WWuea will be primar involved in the day to day IV. CUMI'"BNUZTL N FOR iSEBVICM Since we, c uum precisely define the mindw of hours re for this project, we have estimated to extent of our w vkm based on our kuewle: ec of the3 project to date. 'Ibis inimmatim h pwaed in the proposed sc hed * above. Based on our cifimate of the pro- Posed scbedaie, we asti m, the cost of these seMees to be 540,000.00, We emphasize ftt this is suit an tQ sold we for this pp�o}'�r..ot because of the unpredictabie tm+e of . servIces. Va imraw the Village for the e� � "project on a time and matarial basis in aaoo�nce with the Wkwing $ 94.00 P$R HCUR 86.00 PER HOUR 82.QA PER HOUR 7200 PER HOUR PER HOUR 520 PIER HOUR 36.00 PIER HOM We look fWward to psvvWi m- , * : censtraction � services fa this project as an eaten dion to aar design ser�ees. intim le know ge of the daigp eonopts, construction rc � project spedH�ons make our form ideally su ed to preform the above hwokw will be submitted on a monthly basis and will detail SaMoes performed. State. ments� category noel that bas worked oebn the pro" the number of hom Hop etc are emmidered reimbursab� to d. s� be balled � asp ou In AM=- mend A. Invaim from the comtnwflon testing firm will be forwarded di to the VdWge from the testing fixm. This w0> c iminate GIRA marlwp fens asso aW vn& bantling and pmo- esshw subcansnitafadd finoicc& Please see Attachment A far Standard Candidow to this Agreement. 4 7088353073 OPTIMA INC. 558 P06 OCT 03194 16:31 WI Orl iJI1 au ac. v1�wr. ... .. .. �.v.. •-- -•- -- --.. yj you an ju agmm=t with the terms of d& p'mpoA p slp your um bWuw aW ret= cm off► tO our OffQ9. ' bwk you for ym egansiden dion. A .T Hl�A�'PDN ASSWATES; INC tin. cnt ►4' 1 1' 1 1 l tic Dam: L 1• It ' :1 '4 yav so I OIL I d 1 .11 6V / v I'M I I a PIA OF 19" Y" Di3JR_EELD, L.F. an J imiWd parft"P 0VjjWA DBE UWL,D HOLDINGS, L.p.0 au JUlnob Undtod Futwnbip Its Gewral Pu tner Dr. OFI VAA, IEERF A INC., as lWaols CorpoM*M its G=Wd PaaM= P 7088353073 OPTIMA INC. 55S P07 OCT 03 194 16:31 Cif C BUJ "t JJM LlJ' 1G IM6-$B- ■ v ..,.., r �.. CIVIL IENGiNBERMG AGREENMT This proposal is subject to renege ation if trot approved within 60 days. Requests for cKkT Sian stwold be made in writing prior to the expiration date. The fees and terms shalt rewAla in full farce and et'fed for ore year from the date of algnature of this Agreement; and shall be subject to revision at that time, or any time thereafter, if Car walt- Hmilton Awo iatft Inc gives written notice to the other ply at least 60 days prior to fire requested date of revision. In the event that the parties tali to agree tm the new rates or other re-vincin% el&w gaily may tern We Agreez nerd by giving the other party 10 days written not[ce. Statements of Gewalt- lamilton Assodates, Inc.. charges made agabW a prgect are submitted to Clients every four weeks. This perinits the Client to review the status of work in progress and the CUSrps made. Statements list the story of personnel worked on the pmgect, the numbers of hours spent, and the charges for the el. Statements also show "out -of - pocket" oasis wall include actual expettditures made In the iriwest of the pr% ject such as: transportatim long distmee telephone ells, reproduction of drawings speeifEcahom and reporia, photography, model material, equipment rental, and postage and delivery charges on any Of the pretaddittg. Payments are due within thirty (30) days after a statement is rattdemd. Aayment not merle wiN,in 60 days from the erect of the aderm ar month in wh%ii the services were rendered will bear interest at the rate of WW and one -half percent (1-9%) per month until paid. Tire prevision for the payment of interest son riot be anwc red as Authorization to mains Payments late_ Failure of the other party to make popwads when due shalt be muse for suspension of services. GewaltrHamilton, Associatea Inc„ srhall be endued to reimbursement of all costa actually incurred by it in mllechng ovatduae accounts under tills agm"nent, irtdtuilttg,, without liinuitatiosts, legal fees. An drowinS16 spedOcations and other wattle products of cewrult- Hamilton Associates, Inc., for this project are instruments of service far this project only and shall remain the property of the Engineer whether the project is completed or not. Re-use of any of the instruments of serf ice of Gewalt- Hamitton Assocfabis, Inc. by the Client on the exte>}*= of this project Of an any ether project Wltbout the written permission of Gewait Hamilton Asaociabm, Inc. shall be at Climes risk and the Owner agreest to ddimd, indemnify and hold harmless Gewalt- Hamilton Associates,. Inc., from all claims. dainagea, wad expenses Including attorneys' fees arising out of such unauthorized rmm of Gewait- Hamilttm.'s instruments of suvice by the Client or by others acct t hrougb the ClieaL If required by the project scope of services, Gewalt- Hamilton AsQodatss, Inc.. shall prr"we an opinion of probWe ucdM cow, wh7gh shall be submitted to the owner for review. Sr m Gewalt- Hamiton AssodateN Inc., has no control over the Cost of labdr, materials, or equipment, or ovtw the conh tt s e methods of detenmkft prices, or over eompetitive bidding or marlmt conditions„ opiniom of probable oasts, ae provided for heroin, are to be sttiade on the basis of experience and quaWratiora and represent the best Judgment as a design profewianai familiar with the cmAtructlort industry. However, Gewalt- Hamilton Associatm inc., carmot and does not guarantee that prvposals6 bids, or the construction costa will mot vary from opinions of probable east prepared for the Owner. If the Owner wishes greater amuranae as to the Construe'ilOtl censer he shall cmpiny an independent: cost estimator. If required by the scope of services, as -built or rec and drawing (or cornwted spedficatimm) Will be prepared. in part, an the buis of in6orntabon compiled and furnished by others Gewalt- Hkwilton Associates, Enc. will not be responsible for any errata or omfomm which lmve been inanrpor'ated Into this dvcrrmmt as a result When dealing with Civil Engineering site work infmistion on exletigg uzWcq round utiittiQs or oottditions is provided from the beet lnformatian available. This irAwinatinn Is obtained ham utility company receuds or soail bori W and is not represented to be the exact locations of these utilities or soils in the field. Final engineering plans for co nstrudion "Wn that the coop eter eon act the utility toes far exact locations. At that time, a dUcts can aria require revisiona to engineering pl=% and Construction pnmedumm In addition extra costs may be incurred by the Client in order to resolve these Conflicts or =foreseen conditions. The Client is advised that these clmatotances may occur and stt=U budget aeeordboy for these situations. Cerwa%- antllto n Astiaaciatm Iron, cannot be responvr -bbe for these unforeseen conditions. TP the Owner wishes to obtain the aervuxs of a contractor W provide test holes and exact utility locations, Gewalt- Hamilton Associates, Inc, will inmgxnahe d'aat information into the des cos. The Client agrees to limit the Design Professional's liability to the Client rill to all con*ucdon wrilracbors std subaonbuctors on the prged arieirt$ from the Design Professional's negligent acts. errom or orniviotts, sutcit that the total aggregate liability of Ore Design Professional to all these :tanned shall not exceed $50,= or the Design Prusbesannal`s total fee for. the services randemd an this project, whichever iS gMt9r. The Client farther agrees to require a similar limitation Of the liability of the Design Prafesdonai and of the Client; of the conttw*or and his subcontractors due to the Design Profftswr acs negligent ac% errors or olxtissiams. The Agre=wnk may be tarntirate+d up= a to dap written notice at any time for goad eause by either party. in the event of twminatim% full payment sW be made for ssaMees performed to termination date huAudiag "uut =of- pocker expenses then due and all terminal otpr. er May 2987 TDTFAL P. 07 EXHIBIT "J" PROJECT ARCHITECT SCOPE OF SERVICES PROJECT ARCHITECT SCOPE OF SERVICES During Construction Supervise day to day construction activities for the Developer. Provide certification to Inspecting Engineer that work for which a reduction in the letter(s) of credit is sought, has been completed and is in conformance with the approved Final Improvement Plan. Certify, when a reduction in a letter(s) of credit is sought, that the amount which would remain would be sufficient to complete all of the other items covered. df\ 1 A7 -1 \engs.sos IMPACT FEE AGREEMENT / COROMANDEL THIS AGREEMENT entered into this day of 1994, between the VILLAGE OF DEERFIELD, an Illinois municipal corporation ( "Deerfield ") and OPTIMA DEERFIELD LIMITED SUBPARTNERSHIP, L.P., ( "Developer "). WT lay.-I WHEREAS, pursuant to relevant provisions of the Village Zoning Ordinance Developer has made application to Deerfield for certain approvals, including: (i) rezoning of the former Sara Lee Property located on Waukegan Road in the Village of Deerfield ( "Subject Property")to the R -5 General Residence District; (ii) authorization of a Special Use for the Subject Property for a Residential Planned Unit Development; (iii) granting of certain variances from the Village Development Code; and (iv) approving a resubdivision of the Subject Property; and WHEREAS, Deerfield has previously adopted Ordinance No. 0 -93 -48 (the "Ordinance ") pursuant to its Home Rule Powers recognizing the burden placed on various governmental units resulting from additional residential development within Deerfield; and WHEREAS, the Ordinance establishes certain standards for dedication of land or payment of fees in lieu thereof in recognition of the increased burden upon the various governmental units in Deerfield resulting from additional residential development; and WHEREAS, the Ordinance also provides a standard of value of residentially -zoned properties within Deerfield as a basis for calculating impact fees in the manner required by the Ordinance; and WHEREAS, Section Eighteen of the Ordinance grants authority to the Corporate Authorities of Deerfield to determine whether or not a particular residential development will have an impact or create an impact upon other governmental units within Deerfield or whether said development will have a lesser or differing impact than provided for in the Ordinance; NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good valuable consideration, it is agreed by and between Deerfield and Developer as follows: 1. The preambles to this Agreement are a material part hereof, and are incorporated herein as part of this Agreement. 2. Deerfield has conducted: (i) a review of the specific residential development proposal presented by Developer; (ii) a review of evidence adduced by Developer as to the fair market value of the Subject Property, (iii) a review of evidence adduced by Developer as to its efforts to satisfy Ordinance requirements for the provision of open space or other recreational areas or facilities by providing such area within the. development, and (iv) an analysis of the value of Developer's conveyance of a 2.66 acre site to Deerfield for the benefit of the Deerfield / Bannockburn Fire Protection District as afire station site, as depicted on Exhibit A hereto. 3. As a result of the foregoing, Developer agrees to pay an impact fee of One Million Four Hundred Thousand Dollars ($1,400,000), to be paid during the course of construction as follows: From and after the execution of this Agreement, Developer shall make payments within thirty (30) days following the conclusion of the immediately preceding calendar quarter (January 1, April 1, July 1, October 1) to Deerfield equal to $2,750.00 for the first 370 residential dwelling units and $12,750.00 for the final 30 residential dwelling units multiplied by the number of residential units in the Subject Property for which building permits were issued during each calendar quarter by Deerfield. Such payments shall continue in accordance with this procedure until a total of $1,400,000 has been paid to Deerfield or until October 3, 2002 at which time the Developer shall pay in full any remaining unpaid portion of the impact fee so that a total of $1,400,000 has been paid to Deerfield. 4. Developer agrees that all payments hereunder shall be payable to Deerfield and shall be deposited with the Village Finance Director who shall be solely responsible for disbursement of the funds to the governmental units benefited by the Ordinance. Deerfield acknowledges and agrees that compliance by Optima with the terms of this Agreement constitutes full compliance with the Ordinance, and Deerfield agrees that Developer shall not be required to make any further or other payments of cash or dedications of land which are not set forth in this Agreement to satisfy the Ordinance. 6. Developer waives and releases any and all claims to contest the provisions of the Ordinance or the payments and conveyances set forth herein. Further, Developer waives and releases any and all rights to contest the time, manner and purposes of the expenditure of any fees paid hereunder, and specifically waives any right under Section Eight of the Ordinance for any refund of fees not expended within ten (10) years. 7. Developer and Deerfield agree that the execution and delivery of this Agreement by the parties hereto shall be an express condition included in that certain Ordinance to be adopted by Deerfield amending the zoning map, granting a Special Use Permit and approving the plat of subdivision for the proposed residential development of the Subject Property. It is acknowledged by Developer that any failure on its part to fully perform all aspects of this Agreement as and when required shall entitle Deerfield to cease to issue Building Permits for further construction and to issue Certificates of Occupancy for completed 2 residential units. Deerfield and Developer agree that this Agreement shall be binding upon and shall benefit the successors, transferees, legal representatives, grantees and assigns of the parties hereto. 9. This Agreement may only be modified by an instrument in writing executed by all parties hereto. Execution of this Agreement by Deerfield has been duly authorized and the appropriate action has been taken by the Corporate Authorities of Deerfield to direct its execution on behalf of Deerfield. IN WITNESS WHEREOF, the parties have set their hands and seals on the day and year first above written. VILLAGE OF DEERFIELD BY Village President OPTIMA DEERFIELD LIMITED SUBPARTNERSHIP L.P., By: Optima Deerfield L.P., an Illinois Limited Partnership By: Optima Deerfield Holding, L.P., an Illinois Limited Partnership, its General partner By: Optima Deerfield, Inc. an Illin oiis Corporation, its General Partner BY 4AA04 t-O& . aj.*Ao David C. Hovey, President ATTEST: BaselKD&* df\lc \13 -1 \agree e2NoWyPW&8tate0fID1n019 September 12, 1994 1lmyCom waftIM " COPY STATE OF ILLINOIS ) COUNTIES OF LAKE AND COOK ) SS VILLAGE OF DEERFIELD ) OCT - 1994 The undersigned hereby certifies that he is the duly appointed Village Clerk of the Village of Deerfield, Lake and Cook Counties, Illinois, and that the attached is a true and accurate copy of Ordinance No. 0 -94 -37 entitled "An Ordinance Amending the Zoning Map and Authorizing a Special Use for a Residential Planndd Unit Development" as appears in the records and files of the office of the Village Clerk. Dated this October 4. 1994 SEAL .�, D. FRAN Village Clerk U,Tafx, BYO u CHICAG( w rn 0 w w N rc�?raANCF CO. ORDINANCE NO. 0 -94 -37 AN ORDINANCE AMENDING THE ZONING MAP AND AUTHORIZING A SPECIAL USE FOR A RESIDENTIAL PLANNED UNIT DEVELOPMENT published in pamphlet.form 1994 4th day of October by the President and Board of Trustees of Deerfield JKS \11216.1 9/21/94 ORDINANCE NO. 0 -94 -37 AN ORDINANCE AMENDING THE ZONING MAP AND AUTHORIZING A SPECIAL USE FOR A RESIDENTIAL PLANNED UNIT DEVELOPMENT WHEREAS, the Plan Commission of the Village of Deerfield has heretofore held-a public hearing on the Petition of OPTIMA DEERFIELD LIMITED PARTNERSHIP (hereinafter referred to as "Applicant "), for the classification of certain real estate located within the Village, and hereinafter described on Exhibit A hereto, in the R -5 General Residence District, and to authorize the issuance of a Special Use Permit•to approve a Residential Planned Unit Development consisting of 400 residential units consisting of various housing types and also to authorize a Resubdivision of the Subject Property and the vacation-of certain easements thereon to accommodate said Special Use in accordance with Exhibits presented to the Plan Commission and the Board of Trustees; and WHEREAS, said hearing was held pursuant to duly authorized notice thereof and was in all respects held according to law; and WHEREAS, Applicant presented a series of Exhibits for review and consideration by the Plan Commission, including a Group Exhibit entitled "Coromandel Final Development Plan" prepared by Applicant and dated August 11, 1994 which includes among other elements, (i) Final Site Plan /Final Improvement Plan; (ii) Plat of Resubdivision and Plats of Vacation; (iii) Landscape Plans; (iv) Construction Phasing and Logistics Schedule; and (v) Elevations /Architectural details (which Group Exhibit and all of its elements are hereinafter referred to as the "Final Development Plan" and which is attached hereto and made a part hereof as Exhibit B); and . WHEREAS, the Plan Commission of the Village of Deerfield, after considering the evidence adduced including Exhibit B, the Final Development Plan, made written findings of fact and recommended a map amendment to the Zoning Map of the Village of Deerfield, -the issuance of a Special Use Permit to approve a Residential Planned Unit Development in accordance with the Final Development Plan and the approval of a Resubdivision and Plats of Vacation to achieve the objectives sought by the Applicant; and WHEREAS, the Village has previously adopted a Development Code (the "Development Code ") as an element of the Residential Planned Unit Development approval process set forth in Article 12 JKS \21116.1 9/21/94 ORDINANCE NO. 0 -94 -37 AN ORDINANCE AMENDING THE ZONING MAP AND AUTHORIZING A SPECIAL USE FOR A RESIDENTIAL PLANNED UNIT DEVELOPMENT of the Zoning Ordinance of the Village of Deerfield, which Development Code provides that the Village and any Developer enter into an agreement relative to the development of the Subject Property specifying, among other matters, any variations from the strict provisions of the Zoning Ordinance and setting forth compliance with all other requirements of the Development Code; and WHEREAS, the Village and the Applicant have agreed upon the terms of a Development Agreement which is attached hereto as Exhibit C; and WHEREAS, pursuant to the provisions of Village Ordinance No. 0 -93 -48 developers of residential property within the Village are subject to certain land dedication requirements or payment of fees in lieu thereof in recognition of the burdens placed on various governmental units in the Village as a result of such development; and WHEREAS, the Village and the Applicant have agreed upon the terms of an Impact Fee Agreement in satisfaction of the requirements of Village Ordinance No. 0 -93 -48 which is attached hereto as Exhibit D; and WHEREAS, the President and Board of Trustees of the Village of Deerfield have determined that the best interests of the Village will be served by the classification of said real estate in the manner aforesaid, the approval of the requested Special Use for a Residential Planned Unit Development and for authorization of the Resubdivision and Plats of Vacation as requested by Applicant. 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 Zoning Map of the Village of Deerfield ONE:' included and made a part of the Village Zoning Ordnance passed April 17, 1978, as amended, is hereby further amended by zoning and classifying the property described;in Exhibit "A ", attached hereto and made a part hereof, to the R -5 General Residence District. JRS \11116.1 9/11/94 ORDINANCE NO. 0 -94 -37 AN ORDINANCE AMENDING THE ZONING MAP AND AUTHORIZING A SPECIAL USE FOR A RESIDENTIAL PLANNED UNIT DEVELOPMENT SECTION That the Final Plat of Resubdivision prepared by TWO: Professionals Associated on behalf of Applicant and dated May 27, 1994, for the Subject Property is hereby approved. SECTION That the Plats of Vacation prepared by Chicago THREE: Guarantee Survey Company dated May 19, 1994 depicting the Sewer Easements created by document Number 831828 and recorded July 8, 1954 and document number 1196235 and recorded August across the3Subject Propertyfbehandaare County Recorder of Deeds hereby approved and the rights of the Village in and to such easement property are hereby terminated. SECTION That the zoning map amendment approval hereby FOUR: granted, the authorization and approval of Special Use for a Residential Planned Development of and approval of the Final aandfsubjebdi�osio�a ;ndoPpliance by Vacation is conditioned upon Applicant, its successors an asigs and as Final Development Plan attached hereto as Exhibit B% (b) execution the form attached as Agreement between village and Applicant Exhibit C; (c) execution of an Impact Fee Agreement between Village and Applicant in the form attached as Exhibit D; and (d) compliance by Applicant, its successors and assigns with all other applicable codes and ordinances of the Village of Deerfield. That failure of the Applicant, its successors and assigns to comply with the conditions set forth herein shall result in the revocation of the permit for Special Use for the Residential Planned Unit Development. SECTION FIVE: SECTIO That all approval and authorization of said SIX: Special Use hereby given is subject to the requirement that this Ordinance shall be recorded in the office fees the expensesCincurred Illinois; and al Applicant. therefor shall be paid by the App i SECTI That the Village Clerk is hereby directed to JR3 \21216.1 9/21/94 SEVEN: publish this Ordinance in pamphlet form. SECTION That this Ordinance shall be in full force and EIGHT: effect from and after its passage, approval and publication, as provided by law. AYES: Heuberger, Rosenthal, Seidman, Swanson (4) NAYS: None '( 0 ) ABSENT: Ehlers, Swartz (2) PASSED this _Ird day of October A.D., 1994. APPROVED this 3rd day of October A.D., 1994. VILLAGE PRESIDENT ATTEST; VIIILAGE CLERK JKS \41416.1 9/21/94 r, EXHIBIT A PARCEL 1 LOT 19 IN OWNER'S FIRST ADDITION IN DEERFIELD, IN SECTION 33, TOWNSHIP 43 NORTH, RANGE 12 EASE' OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF, RECORDED SEPTEMBER 25, 191,5, AS DOCUMENT 161061 IN BOOK "J" OF PLATS, PAGES 46 AND 47. EXCEPTING THEREFROM THAT PART DESCRIBED AS FOLLOWS: BEGINNING AT THE.SOUTHIVEST CORNER OF LOT 1 IN BLOCK 5 IN HALL AND OSTERMAN'S ADDITION TO THE TOWN OF DEERFIELD, ILLINOIS,. (ACCORDING TO THE PLAT THEREOF, RECORDED ON JUNE 2118 74, IN BOOK "A" OF PLATS ON PAGE 16) SAID SOUTHWEST .CORNER BEING 20 FEET . SOUTH OF THE SOUTHEAST CORNER OF if OODMAN'S RESUDDIVISION OF LOTS 2, 3, 41 S, 6, AND 7 IN BLOCK S AND LOTS 1, 2 AND 3 IN. BLOCK 4 OF AFORESAID HALL AND OSTERMAN'S ADDITION; ..... THENCE SOUTH IS DEGREES 46 MINUTES EAST, 52 FEET; THENCE EAST 66 FEET TO THE MOST SOUTHERLY SOUTHIf EST CORNER OF SAID LOT 1, BLOCK S, HALL AND OSTERMAN'S ADDITION; THENCE NORTH 13 MINUTES WEST, 50 FEET ALONG THE BOUNDARY LINE OF SAID LOT 1, BLOCK 5; THENCE WEST ALONG THE BOUNDARY OF SAID LOT 1, BLOCK S, 80 FEET TO THE PLACE OF BEGINNING. ALSO EXCEPTING FROM SAID LOT 19 THAT PART THEREOF DESCRIBED AS FOLLOWS, TO WIT: BEGINNING ATA POINT IN THE SOUTH LINE OF LOT 10 IN WOODMAN'S RESUBDIVISION OF PARTS OF BLOCKS 4 AND 5 IN HALL AND OSTERMAN'S ADDITION AFORESAID, SAID POINT BEING 10 FEET, EAST OF THE SOUTHWEST CORNER OF SAID LOT 10, THENCE SOUTH PARALLEL TO THE WEST LINE OF LOT 10 EXTENDED, 10.30 FEET; THENCE SOUTH 23 DEGREES EAST, 356.95 FEET TO A POINT WHICH IS 305 FEET EASTERLY OF THE CENTERLINE OF. THE RIGHT OF WAY OF THE CHICAGO, MILIf'AUKEE, ST. PAUL, AND PACIFIC RAILWAY COMPANY, MEASURED AT RIGHT ANGLES THERETO; THENCE SOUTHERLY PARALLEL TO THE EASTERLY RIGHT OF 11'AY LINE OF SAID RAILWAY, 300 FEET, THENCE WESTERLYAT RIGHT ANGLES TO THE LAST DESCRIBED LINE, 255 FEET TO THE EASTERLY LINE OF SAID RAILWAY, THENCE NORTHERLY ALONG SAID EASTERLYRIGHT OF IYAYLINE, 300 FEET; THENCE EASTERLY AT RIGHT,. ANGLES TO SAID EASTERLY RIGHT OF WAY LINE, 125. FEET; THENCE NORTHERLY ON A CURVE CONCENTRIC TO THE CENTERLINE OF SAID RIGHT OF li'AYAND 175 FEET EASTERLY THEREFROM, 429.50 FEET TO THE NORTHWEST CORNER OF SAID LOT 19; THENCE EASTERLY 147.90 FEET TO THE PL,4 CE OF BEGINNING, IN LAKE COUNTY, ILLINOIS. PARCEL 2 A PARCEL OF LAND, BEING THAT PART OF THE SOUTHWEST QUARTER OF SECTION 33, TOWNSHIP 43 NORTH, RANGE 12 EAST OF THE THIRD PRINCIPAL MERIDIAN, WHICH LIES WEST OF THE CENTERLINE OF l iA UKEGAN ROAD (FORMERLY TELEGRAPH ROAD) EAST OF THE EASTERLY RIGHT OF WAY LINE OF THE CHICAGO, MILIVAUKEE, ST. PAUL, AND PACIFIC RAILROAD COMPANY AND NORTH AND NORTHERLY OF THE FOLLOWING DESCRIBED LINE: BEGINNING AT THE POINT- OF INTERSECTION OF SAID EASTERLY RIGHT OF NAY LINE. OF THE CHICAGO, MIL11'AUKEE, ST. PAUL, AND-PACIFIC RAILROAD COMPANY WITH THE SOUTH LINE OF THE NORTH 635.20 FEET OF SAID SOUTHWEST QUARTER, AND RUNNING THENCE EAST ALONG THE SOUTH LINE OF THE NORTH 635.20 FEET, A DISTANCE OF •1412:23 FEET, AND THENCE NORTHEAST)fARDLY ALONG A LINE WHICH DEFLECTS 26 DEGREES, 21 MINUTES TO THE LEFT FROM A PROLONGATION OF THE LAST DESCRIBED- COURSE, A DISTANCE OF 117.03 FEET TO THE CENTERLINE OF WAUKEGAN ROAD AND (EXCEPT THAT PART DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF SAID SOUTHWEST QUARTER; THENCE NORTH 89 DEGREES 58 MINUTES 55 SECONDS EAST, 504.01 FEET ALONG THE NORTH LINE. OF SAID SOUTHWEST QUARTER TO A POINT ON THE NORTHEASTERLY RIGHT OF WAY LINE OF THE CHICAGO, MILWAUKEE, ST. PAUL, AND PACIFIC RAILROAD; THENCE SOUTH 25 DEGREES 15 MINUTES 59 SECONDS EAST, 669.26 FEET ALONG SAID NORTHEASTERLI' RIGHT OF NAY TO A POINT ON THE NORTH RIGHT OF 1 PAY LINE OF KATES ROAD; THENCE NORTH. 89 DEGREES 58 MINUTES 5,5 SECONDS EAST, 342.88 FEET ALONG SAID NORTH RIGHT OF 11'AY LINE TO THE POINT OF BEGINNING; THENCE NORTH 00 DEGREES 01 MINUTES 05 SECONDS WEST, 76.25 FEET; FEET; THENCE. NORTH 89 DEGREES 58 MINUTES 55 SECONDS EAST, 489.95 THENCE SOUTH 00 DEGREES 01 MINUTES 05 SECONDS EAST FEET; , 56.25 THENCE SOUTH 45 DEGREES 01 MINUTES 05 SECONDS EAST, 28.28 FEET TO A POINT ON THE NORTH RIGHT OF IVAY OF KATES ROAD, THENCE SOUTH 89 DEGREES 58 MINUTES SS SECONDS WEST, 509.95 FEET ALONG AFORESAID RIGHT OF WAY LINE TO THE POINT OF BEGINNING), IN LAKE COUNTY, ILLINOIS. , r CONTAINING, IN THE AGGREGATE, 21261,091 SQUARE FEET (SI.90751 ACRES) OF LAND, MORE OR LESS, INCLUDING 74,640 SQUARE FEET (1.71350 ACRES) OF LAND IN 11'AUKEGAN ROAD AND INCLUDING 45,879. SQUARE FEET (1.05324 ACRES) OF LAND IN KATES ROAD. For property commonly known as 733 -737 Central Avenue, Deerfield, Illinois: Lot 3 in Matthy's Resubdivision of Lots 8, 9, and 10 (except the West 10 feet of Lot 10) in Woodman's Resubdivision of part of Blocks 4 and 5 in Hall and Osterman's Addition to Deerfield, in Section 33, Township 43 North, Range 12 East of the Third Principal Meridian, according to the Plat of said Matthy's Resubdivision recorded April 19, 1966 as Document 1301146 in Lake County, Illinois. 0