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HomeMy WebLinkAbout06-281 Resolution No.06-281 RESOLUTION AUTHORIZING EXECUTION OF AN EXCHANGE AGREEMENT WITH PULTE HOME CORPORATION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN,ILLINOIS,that Ed Schock, Mayor, and Dolonna Mecum, City Clerk,be and are hereby authorized and directed to execute an Exchange Agreement with Pulte Home Corporation on behalf of the City of Elgin for exchange of real estate in connection with Fire Station No. 7, a copy of which is attached hereto and made a part hereof by reference. Ed Schock, Mayor Presented: November 29, 2006 Adopted: Vote: Yeas Nays Recorded: Attest: Dolonna Mecum, City Clerk EXCHANGE AGREEMENT This Agreement made and entered into this_day of , 2006,by and between THE CITY OF ELGIN, a municipal corporation of the Counties of Kane and Cook, State of Illinois (the "City"), and PULTE HOME CORPORATION, a Michigan corporation ("Pulte"); WITNESSETH: WHEREAS, the Pulte is the record owner of certain real estate in the City of Elgin, Kane County, Illinois, described on Exhibit "A-1" and depicted on Exhibit "A-2",both attached hereto and made a part hereof by this reference("Water Road Parcel"); and WHEREAS,Pulte is also the record owner of certain real estate in the City of Elgin, Kane County, Illinois, originally described on Exhibit "B-1" and currently known as Lot 108 of the Reserve of Elgin and depicted on Exhibit "B-2",both attached hereto and made a part hereof by this reference ('Bowes Road Parcel"); and WHEREAS,Pulte is contractually obligated to convey the Bowes Road Parcel to the City pursuant to the provisions of a certain Annexation Agreement between the City and Pulte, dated June 11, 2003 (the "Reserve Agreement"); and WHEREAS, the City and Pulte are desirous of exchanging the Water Road Parcel for that portion of the Bowes Road Parcel legally described on Exhibit "C-1" and depicted on Exhibit"C-2" ('Bowes Road Exchange Parcel");and WHEREAS, Pulte plans to use the Bowes Road Exchange Parcel for the development of forty-eight (48) townhome units substantially identical to the townhome units currently being developed by Pulte on property adjacent to the Bowes Road Exchange Parcel, known as "The Reserve"; and WHEREAS,the City plans to use the Water Road Parcel for the construction thereon of a public safety building; and WHEREAS,the City and Pulte acknowledge and agree that, in order to give effect to the provisions of this Exchange Agreement, it will be necessary to amend the Reserve Agreement and a certain Annexation Agreement between the City and Pulte, also dated June 11, 2003 (the "Edgewater Agreement"), which governs the development of the Water Road Parcel. NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, it is agreed as follows: 1. Property and Fair Market Value. The City and Pulte agree that the Water Road A:\EXCHG5-I.WPD I Parcel is comprised of 3.46 acres, more or less, and the Bowes Road Exchange Parcel is comprised of 11.2622 acres, more or less. The City and Pulte further agree that, notwithstanding the difference in the size of the two parcels, the fair market values of the two parcels are equal. 2. Exchange of Property: In consideration of the conveyance by Pulte to the City at Closing of the Bowes Road Parcel minus the Bowes Road Exchange Parcel (the "Remaining Bowes Road Parcel") and of other good and valuable consideration,the receipt and sufficiency of which is hereby acknowledged, Pulte agrees at Closing to convey the Water Road Parcel to the City. The acceptance by the City of the conveyance of the Remaining Bowes Road Parcel and the Water Road Parcel shall be deemed to be full compliance by Pulte of the requirement in the Reserve Agreement relative to the conveyance of the Bowes Road Parcel to the City. Notwithstanding the foregoing, Pulte shall be required at its cost and expense to construct the bicycle path as specified in Section 5B of the Reserve Agreement. Pulte shall also make all payments to the City as specified under the Reserve Agreement and the Edgewater Agreement, including, without limitation, the payments specified under Section 5B of the Reserve Agreement and under Section 5C of the Edgewater Agreement. 3. Conveyance of City Property. The conveyances by Pulte to the City of the Remaining Bowes Road Parcel and the Water Road Parcel shall be by recordable special warranty deed, subject only to: (a) general real estate taxes not yet due an payable on the Closing Date; (b)public utility easements; (c) zoning laws, statutes, and ordinances; and (d)matters or objections to title arising after the date hereof due to or created by any act or caused by the City. 4. Entitlements. A. The parties represent and warrant to each other that both the Water Road Parcel and the Bowes Road Parcel have been duly annexed to the boundaries of the City. Pulte shall take all steps reasonably required for, and the City shall give reasonable consideration to, the adoption by the City of. (i) amendments to the Reserve Agreement and the Edgewater Agreement; (ii) ordinances rezoning the Water Road Parcel and the Bowes Road Exchange Parcel sufficient to allow the development on the Water Road Parcel of a public safety building as required by the City and the development on the Bowes Road Exchange Parcel of forty-eight(48) townhome units substantially identical to the townhome units currently being developed by Pulte on The Reserve, as depicted on Exhibit "C-2"; and (iii)resubdivision of the Bowes Road Parcel into two (2) lots in accordance with Exhibit "C-2". The City acknowledges and agrees that Pulte's duties and responsibilities with respect to the Water Road Parcel pursuant to this Exchange Agreement are specifically conditioned upon the adoption by the City of the entitlements set forth above for the benefit of the Bowes Road Exchange Parcel. B. The City and Pulte further acknowledge and agree that Pulte shall (i) provide storm water management facilities in the Edgewater project for the development by the City of the Water Road Parcel and (ii) promptly initiate, and complete by March 15, 2007,the installation of sanitary sewer service to Longcommon Parkway in accordance with final engineering plans prepared by Manhard Consulting Ltd. dated May 11, 2006, with a final revision date of August 21, 2006. A:\EXCHG5-I.WPD 2 C. The City agrees that, in the development of the Bowes Road Exchange Parcel, Pulte shall pay only those impact fees paid by Pulte in the development of the original Reserve project, including any annual increases to such impact fees. 5. Survey. Pulte shall furnish the City a plat of survey for both the Water Road Parcel and the Remaining Bowes Road Parcel, each such survey being prepared by Manhard Consulting, Ltd. and dated not more than thirty(30)days prior to the Closing Date. The surveys of the Water Road Parcel and the Remaining Bowes Road Parcel shall (a)be made and so certified by the surveyor to the City and the Title Company, defined in paragraph 6 hereof, as having been made in accordance with the minimum standard detail requirements for ALTA- ASCM Land Title Surveys, 1997, including,without limitation, all items (except for Items 7, 9, and 12 in Table A thereof) and (b) identify the Water Road Parcel and the Remaining Bowes Road Parcel by legal description and set forth the acreage and number of square feet contained therein,including any part thereof lying within road rights-of-way, and (c) shall further show: (i) the location, course, and recording numbers, if applicable, of all water, gas, electric, and sewer lines and other easements, either visible or recorded, and building lines; (ii)private streets,roads, alleys, and highways; (iii) no encroachments thereon or by any improvements located thereon encroaching on adjacent property which interfere with Purchasers's intended use of the Property; (iv) the absence or location of any flood plains,wetlands, or other special environmentally controlled or protected areas; and (v) all natural monuments, existing fences, drainage ditches, tiles, water courses,building or site improvements, and other restriction lines which affect any portion of the Property. Such surveys shall otherwise be reasonably satisfactory in form and substance to the City. 6. Title. Not less than ten (10) days prior to the Closing Date contemplated in this Agreement, Pulte shall, at its own expense, furnish the City a title commitment for a 1970 ALTA .Owner's Title Insurance Policy issued by Chicago Title Insurance.Company(the "Title Company") in the minimum amount of insurance covering title to the Water Road Parcel and the Remaining Bowes Road Parcel on or after the date of this Agreement. Such commitments shall show title in Pulte subject only to: (a) title exceptions set forth in paragraph 3 of this Exchange Agreement; (b) title exceptions pertaining to lien or encumbrances of a definite or ascertainable amount which may be removed by the payment of money at the time of Closing and which Pulte shall so remove at that time, and(c) other matters of title over which the'Title Company is willing to insure without cost to the City. At Closing,Pulte shall furnish to the grantee(y) an affidavit of title in customary form covering the date of Closing and showing title in Pulte subject only to the permitted exceptions and(z) such other documents as are customary to complete the closings contemplated in this Exchange Agreement. 7. Title Clearance. If the title commitment or plat of survey discloses either unpermitted exceptions or survey matters that render the title not in conformance with the provisions of this Exchange Agreement, Pulte shall have thirty(30) days from the date of delivery thereof to have the exceptions removed from the commitment or to correct such survey defects, or to have the Title Company commit to insure against loss or damage that may be A:\EXCHG5-I.WPD 3 associated by such exceptions or survey defects, and, in such event, the time of Closing shall be thirty(30) says after the delivery of the commitment or the time expressly specified in paragraph 8 hereof, whichever is later. If Pulte fails to have the exceptions removed or correct any survey defects, or in the alternative, to obtain the commitment for title insurance specified above as to such exceptions or survey defects, the City may terminate this Exchange Agreement or may elect, upon notice to the other party within ten (10) days after the expiration of the thirty(3 0)day period, to take title as it then is. If the City does not so elect, this Exchange Agreement shall be deemed terminated and null and void with no further liability of either party hereunder. 8. Closin . The Closing shall take place at the Chicago Title Insurance Company office in Elgin, Illinois, within thirty(30) days after the execution of(a) this Exchange Agreement, (b) the amendments of the Reserve Agreement and the Edgewater Agreement required by the transaction contemplated in this Exchange Agreement (the "Closing Date"), unless this Agreement is terminated sooner pursuant to the provisions of paragraph 7 or otherwise hereunder. At Closing, each party shall pay one-half('/Z) of the standard closing costs of the Title Company; real estate taxes shall be prorated to the Closing Date,based upon the last ascertainable assessment and rate applicable to each parcel. Each party shall be responsible for its own attorney's fees. 9. Default. Notwithstanding anything in this Agreement to the contrary,neither party shall exercise any rights to terminate this Agreement in the event of a default committed by the other party unless such default remains uncured at 5:00 P.M. on the fifth (5th) day next following the date on which the party not in default delivers to the party in default a written notice stating in reasonable detail the nature of the default. 10 Representations, Warranties and Covenants. Without limitation of any other provision of this Agreement and as a material inducement to each party's entering into this Agreement, each party represents, warrants, and covenants with respect to such party's parcel to the other party that: A. From and after the date hereof, each party agrees not to(a) sell, transfer,convey, or encumber or cause to be sold, transferred, conveyed, or encumbered, that party's Property or any part thereof, or(b) alter or amend the zoning classification of such Property, except as requested by the intended grantee to permit its intended use of such Property, or(c) otherwise perform or permit any act or deed which shall diminish, encumber, or affect the intended grantee's rights in and to the applicable parcel or prevent Seller from performing fully his obligations hereunder, in each case without the express written consent of the intended grantee; B. To each party's knowledge and belief, there are, and as of the Closing Date there will be, no violations of any Federal, state, county, or municipal statutes, laws, codes, ordinances, rules,regulations, orders, decrees, and directives relating to the A:\EXCHG5-I.WPD 4 use and condition of such party's parcel of which it has notice. Each party covenants and warrants that it shall notify the other party in writing with respect to matters of which it has notice on or before the Closing and shall take such action as may be necessary to comply with such statutes, laws, regulations, codes, ordinances, rules, orders,decrees, and directives relating to the use or condition of the applicable parcel prior to the Closing; C. To each party's knowledge and belief(i) each party, or any agent thereof,has not received any notice from any governmental or quasi-governmental body or agency or from any person or entity with respect to, and does not know of, any actual or threatened taking of, the applicable parcel or any portion thereof for any public or quasi-public purpose by the exercise of the right of condemnation or eminent domain and (ii) there is no claim, litigation, proceeding, or governmental investigation pending or threatened against or relating to the applicable parcel or any portion thereof, or against the transactions contemplated by this Agreement, or against the intended grantor which affects the intended grantor's ownership of the applicable parcel,this transaction, or the ability of the intended grantor to perform hereunder; D. To each party's knowledge and belief, neither the execution nor delivery of this Exchange Agreement, consummation of the transactions contemplated hereby, nor fulfillment of or compliance with the terms and conditions hereof conflicts with or will result in a breach of any of the terms, conditions, or provisions of any agreement or instrument to which such party is a party or by which it is bound, or constitutes a default under any of the foregoing, or results in the creation of a lien, claim, charge, or encumbrance on the applicable parcel other than those matters approved by the intended grantee pursuant to the terms hereof; and this Exchange Agreement and all documents to be executed pursuant hereto by the intended grantor are and shall be binding upon and enforceable there against in accordance with their respective terms; E. To each party's knowledge and belief, no labor,material, or services have been furnished by or at the direction of the intended grantor in, on, or about the applicable parcel, or any part thereof, as a result of which any mechanics', laborer's, or materialmen's liens or claims thereof might arise. No person has any right of first refusal or any option to acquire title to the intended grantor's parcel or any part thereof. F. To each party's knowledge and belief. no Hazardous or Toxic Material (as hereinafter defined) exists on or under the surface of the intended grantor's parcel or in any surface waters or ground waters on or under such parcel, and no escape, seepage, spillage, discharge, emission, or release of any Hazardous or Toxic Material has occurred or shall occur on, under, above, or emanate from such A:\EXCHG5-I.WPD 5 parcel; no parcel has, is not now, and will not be used as a sanitary landfill, dump site, industrial disposal area, treatment, or storage site for Hazardous or Toxic Material or for any other similar use, on either a permanent or temporary basis; there are no underground storage tanks other than sanitary septic tanks, buried waste or drums on, in, or under any such parcel; and there are no pending or anticipated suits, actions, investigations,proceedings, liens, or notices from any governmental or quasi-governmental agency with respect to any such parcel, the intended grantor, or Environmental Laws (as hereinafter defined). For purposes of this Agreement, the term Hazardous or Toxic Material shall be defined to include: (i) asbestos and urea formaldehyde or any material composed of or containing asbestos or urea formaldehyde in any form and in any type, or(ii) any hazardous, toxic, or dangerous waste, contaminant, pollutant, substance, material, smoke, gas, or particulate matter, as from time to time defined by or for purposes of the Comprehensive Environmental Response Compensation and Liability Act, as amended, and any law commonly referred to as of the date hereof as "Superfund" or "Superlien" or any successor to such laws, or any other Federal, state, or local environmental,health, or safety statute,ordinance, code, rule, regulation, order, or decree regulating,relating to, or imposing liability or standards concerning or in connection with hazardous, toxic, or dangerous wastes, substances, material, as or particulate matter as now or at any time hereinafter in effect (collectively, the "Environmental Laws"). G. In the event of any of the foregoing representations, covenants, and warranties are not true and accurate and the applicable party cannot or does not correct said representations, covenants, and warranties and accept liability for any damages incurred by the other party as a result of the inaccuracy thereof, the aggrieved party shall have the right to rescind this Agreement prior to or at the Closing. 11. Prohibited Transactions. From and after the date hereof, neither party shall, and shall not permit any third party to, without the express written consent of the intended grantee: (a) enter into any lease, contract, or agreement or grant any rights (including licenses and easements)respecting the applicable parcel or any portion thereof; (b) create or suffer any right, claim, lien, or encumbrance of any kind or nature whatsoever on the applicable parcel or any portion thereof, or(c) add or remove soil from the applicable parcel or otherwise dump or abandon any property, materials, or chemicals thereon. If any third party shall add or remove soil from any parcel or otherwise dump or abandon any property, materials, or chemicals thereon,the intended grantor shall cause said third party to remove anything dumped or abandoned thereon and restore such parcel to its condition prior to such dumping or abandonment, and if such third party shall fail to do so, the aggrieved party shall have the right to rescind this Agreement prior to or at the Closing. 12. Brokers. The parties represent and warrant to each other that neither dealt with a broker or finder with respect to the transaction contemplated hereunder, and each party hereby A:\EXCHG5-I.WPD 6 indemnifies and agrees to save, defend, and hold the other party harmless from and against any loss, cost, damage, claim, liability, or expense, including but not limited to reasonable attorneys' fees and litigation costs suffered or incurred by such other party as a result of a breach of the foregoing warranty. 13. Assurances of Cooperation. The parties hereby covenant and agree that they will at all times prior to or after the Closing, and from time to time do, execute, acknowledge, and deliver or will cause to be done, executed, acknowledged, and delivered all such further acts, documents, and instruments as may reasonably be required by the other party, and following reasonable approved by counsel for the party to perform, in order to carry out fully and effectuate the transaction herein contemplated in accordance with the provisions of this Exchange Agreement. 14. Possession. Each party agrees to deliver sole and exclusive possession of the applicable parcel to the intended grantee at Closing. 15. Closing Procedure. The date on which the escrow is closed and each grantee acquires title to the applicable parcel is herein referred to as the "Closing". The Closing shall occur as provided in Paragraph 8 of this Agreement. If the Closing or any other date on which any payments are required hereunder shall fall on a Saturday, Sunday, or legal holiday, then the date contemplated thereby shall be extended to the next business day. 16. Authoritv. The parties represent to each other that each has the power and authority to enter into this Exchange Agreement in the names, titles, and capacities herein stated and on behalf of entities, persons, estates, or firms represented or purported to be represented by such person and further represent that all formal requirements necessary or required by any statutes,laws, ordinances, codes,rules, regulations, orders,decrees, directives, articles of incorporation, charters, or bylaws for each of them to enter into this Exchange Agreement have been complied with. 17. Entire Agreement. This Exchange Agreement represents the entire agreement between the parties hereto and shall not be modified or affected by any offer, proposal, statement, or representation, oral or written,made by or for either party in connection with the negotiation of the terms hereof. No future modification,termination, or amendment of this Agreement may be made, except by written agreement executed by the parties hereto. No failure by the parties hereto to insist upon the strict performance of any covenant, duty, agreement, or condition of this Exchange Agreement or to exercise any right or remedy upon a breach thereof shall constitute a waiver of any such right or remedy or any other covenant, agreement, term, or condition. Any party hereto,by written notice, may, but shall be under no obligation to,waive any of its rights or any conditions to the obligations hereunder, or any duty, obligation, or covenant of any other party hereto. No waiver shall affect or alter this Exchange Agreement, but each and every covenant, agreement, term, and condition of this Exchange Agreement shall continue in full force and effect with respect to any other then existing or subsequent breach thereof. AAEXCHG5-1.WPD 7 18. Time. Time shall be of the essence of this Exchange Agreement and the performance of all covenants, agreements, and obligations hereunder. 19. Notices. All elections, notices, and other communications to be given hereunder by either party to the other shall be in writing and sent by(i) facsimile transmission to the other party's attorney at the number set forth below with a follow-up via United States mail, (ii) personal delivery, (iii) overnight courier with evidence of receipt, or(iv) certified or registered mail, return receipts requested, postage prepaid, addressed: If to the City: City of Elgin 150 Dexter Court Elgin, Illinois 60120 Attention: City Clerk With a copy to: City of Elgin 150 Dexter Court Elgin, Illinois 60120 Attention: Corporation Counsel If to Pulte: Pulte Home Corporation 2250 Point Boulevard, Suite 401 Elgin, Illinois 60123 Attention: With copy to: Mr. Richard L. Heimberg Brady& Jensen, LLP 2425 Royal Boulevard Elgin, Illinois 60123 or at such other addresses or fax numbers as the parties may designate to the other by written notice in the manner herein provided. Any such notice or election shall be effective upon delivery, if personally delivered, one(1) day after delivery to the overnight courier or two(2) days after depositing same in the United States mails. 20. Severability. If any provision of this Exchange Agreement or the application thereof to any person or circumstance shall be invalid or unenforceable to any extent, the remainder of this Exchange Agreement and the application of such provision to other persons or circumstances shall not be affected thereby and shall be enforced to the fullest extent permitted by law. 21. Non-Merger. The terms and provisions of this Exchange Agreement shall not merge with,be extinguished, or be otherwise affected by any subsequent conveyance or instrument by or between the parties hereto unless such instrument shall specifically so state and A:\EXCHG5-I.WPD 8 be signed by both parties. 22. Cations. Captions of paragraphs herein are inserted only for convenience and are in no way to be construed as a part of this Exchange Agreement or as a limitation of the scope of the particular paragraphs to which they refer. IN WITNESS WHEREOF, the City and Pulte have executed this Exchange Agreement the day and year first above written, intending to be legally bound hereby and warranting authority to execute the same. CITY OF ELGIN, ILLINOIS By: Mayor ATTEST: By: City Clerk PULTE HOME CORPORATION By: Its N/cf s �.. A:\EXCHG5-I.WPD 9 THAT PART OF THE WEST HALF OF THE NORTHWEST QUARTER OF SECTION 29, TOWNSHIP 41 NORTH, RANGE 8 EAST OF THE THIRD PRINCIPAL MERIDIAN IN KANE COUNTY, ILLINOIS DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF SAID NORTHWEST QUARTER THENCE; NORTH 01 DEGREES 04 MINUTES 36 SECONDS WEST,535.09 FEET ALONG THE WEST LINE OF THE WEST HALF OF SAID NORTHWEST QUARTER; THENCE NORTH 88 DEGREES 55 MINUTES 24 SECONDS EAST,33.00 FEET TO A POINT ON A LINE 33.00 FEET EASTERLY OF AND PARALLEL WITH THE LAST DESCRIBED COURSE, SAID POINT BEING THE POINT OF BEGINNING;THENCE NORTH 01 DEGREES 04 MINUTES 36 SECONDS WEST,725.00 FEET ALONG SAID PARALLEL LINE;THENCE NORTH 88 DEGREES 55 MINUTES 24 SECONDS EAST,209.50 FEET;THENCE SOUTH 01 DEGREES 04 MINUTES 36 SECONDS EAST,556.83 FEET TO A POINT OF CURVATURE; THENCE SOUTHERLY 160.56 FEET ALONG THE ARC OF SAID CURVE CONCAVE WESTERLY HAVING A RADIUS OF 460.00 FEET,A CHORD BEARING SOUTH 08 DEGREES 55 MINUTES 22 SECONDS WEST AND A CHORD DISTANCE OF 159.75 FEET;THENCE SOUTH 18 DEGREES 55 MINUTES 21 SECONDS WEST, 16.60 FEET TO A POINT OF CURVATURE; THENCE SOUTHWESTERLY 15.30 FEET ALONG THE ARC OF SAID CURVE CONCAVE NORTHWESTERLY HAVING A RADIUS OF 10.00 FEET,A CHORD BEARING SOUTH 62 DEGREES 45 MINUTES 37 SECONDS WEST AND A CHORD DISTANCE OF 13.85 FEET TO A POINT OF REVERSE CURVATURE;THENCE WESTERLY 70.95 FEET ALONG THE ARC OF SAID REVERSE CURVE CONCAVE SOUTHERLY HAVING A RADIUS OF 230.00 FEET,A CHORD BEARING NORTH 82 DEGREES 14 MINUTES 22 SECONDS WEST AND A CHORD DISTANCE OF 70.67 FEET;THENCE SOUTH 88 DEGREES 55 MINUTES 24 SECONDS WEST, 93.82 FEET TO THE POINT OF BEGINNING. CONTAINING 150,506 SQUARE FEET(3.46 ACRES)MORE OR LESS. PREPARED OCTOBER 18, 2005 PREPARED BY: MANHARD CONSULTING, LTD. 2050-50 FINLEY ROAD LOMBARD, IL 60148 PHONE(630)691-8500 PS 8 i t am GRAPHIC SCALE x ae'ss'2�' E 2 0 a so 100 2W BEACON POINT CIRCLE c IN FEET < ( TO K DEDICATED BY 1 inch - 100 It ; Q t3—� SEPARATE DOCUMENT c� u t P.U.E. PUBLIC UTILITY EASEMENT 0 ( W I ;s t a M{ t W IL Z 29 ul ce cV oar f �il t waTd 6* W J t C7 m Cc LINE TABLE LINE BEARING _L LENGTH t o ?o U N 88'55 e E Z t ~oe a U L S 18'55'21' W 18. O' W °�o f L3 3 4' W 1 9 t 3H aln S M �--� CURVE TABLE 'C W o t �y IlL CURVE RADIUS I LENGTH CHORD BEARING CHORD N t o Cl 10.00* 15. 8 ' '3Y W C2 5' 1 T, Qil w U a y�.1.UW ON aU ■ Of ut3 t �4Ca Qz of 33.00'_ Ll. ,QS BECKMAN / C2 ♦," N ar Orr TRAIL « o n yl p N ■ /V o t ■o� I � o �y� BOWES ROAD g DATE alvn,owf by r�N RR SPIKE EXHIBIT AT T CORNER RNER POp" OF COAIYENCEIIENT (SOUn+REST CORNER OF W NORTH*EST r�4,,�� 1/4 OF SECTION 29-41-8) *NIANHAM WNSU MGm EDGEWATER SUBI NVISION / PULTE HOMES ENGINEERS •SURVEYORS-LPLAANNNERS ELGK LLINOIS ENVIRONMENTAL ScIENTIsTs FIRE STATION EXHIBIT 2050-50 Finky Road Lombard,Illinois 60148 b' 1.1.R'1R/R■1_G51N/...RM/Rai_➢US MI Iw//—uiwuIfn-- . . Ra[Y! LEGAL DESCRIPTION THAT PART OF SOUTHEAST QUARTER OF SECTION 29, TOWNSHIP 41 NORTH, RANGE 8, EAST OF THE THIRD PRINCIPAL MERIDIAN DECRIBED AS FOLLOWS: COMMENCING AT CENTER OF SAID SECTION 29;THENCE SOUTH 00 DEGREES 46 MINUTES 42 SECONDS EAST,ALONG THE WEST LINE OF SAID SOUTHEAST QUARTER, 3.80 FEET, TO A POINT ON CENTERLINE OF BOWES ROAD;THENCE NORTH 88 DEGREES 49 MINUTES 00 SECONDS EAST,ALONG SAID CENTERLINE, 135.67 FEET; THENCE SOUTH 01 DEGREES 11 MINUTES 00 SECONDS EAST,60.00 FEET,TO THE POINT OF BEGINNING; THENCE NORTH 88 DEGREES 49 MINUTES 00 SECONDS EAST, ALONG A LINE BEING 60 FEET SOUTH OF AND PARALLEL TO SAID CENTER LINE, 1,580.29 FEET; THENCE SOUTH 01 DEGREES 11 MINUTES 00 SECONDS EAST, 752.84 FEET;THENCE SOUTH 70 DEGREES 06 MINUTES 34 SECONDS WEST, 111.96 FEET;THENCE SOUTH 24 DEGREES 47 MINUTES 19 SECONDS WEST, 87.69 FEET;THENCE SOUTH 42 DEGREES 21 MINUTES 20 SECONDS WEST, 263.08 FEET; THENCE SOUTH 51 DEGREES 15 MINUTES 02 SECONDS WEST, 136.92 FEET; THENCE SOUTH 58 DEGREES 15 MINUTES 55 SECONDS WEST, 183.70 FEET; THENCE SOUTH 79 DEGREES 32 MINUTES 46 SECONDS WEST, 91.40 FEET;THENCE NORTH 33 DEGREES 13 MINUTES 26 SECONDS WEST,466.75 FEET;THENCE NORTH 06 DEGREES 53 MINUTES 29 SECONDS EAST, 92.60 FEET; THENCE NORTH 60 DEGREES 00 MINUTES 11 SECONDS EAST, 98.55 FEET;THENCE NORTH 57 DEGREES 28 MINUTES 06 SECONDS EAST, 92.35 FEET; THENCE SOUTH 81 DEGREES 52 MINUTES 25 SECONDS EAST, 140.08 FEET; THENCE NORTH 53 DEGREES 01 MINUTES 40 SECONDS EAST, 207.10 FEET;THENCE NORTH 24 DEGREES 29 MINUTES 40 SECONDS WEST,226.61 FEET; THENCE NORTH 70 DEGREES 43 MINUTES 59 SECONDS WEST,224.35 FEET;THENCE SOUTH 68 DEGREES 37 MINUTES 40 SECONDS WEST, 113.91 FEET;THENCE SOUTH 31 DEGREES 26 MINUTES 10 SECONDS WEST, 127.39 FEET;THENCE SOUTH 73 DEGREES 33 MINUTES 55 SECONDS WEST, 329.45 FEET;THENCE NORTH 66 DEGREES 37 MINUTES 15 SECONDS WEST, 84.01.FEET;THENCE NORTH 53 DEGREES 27 MINUTES 40 SECONDS WEST, 223.45 FEET;THENCE NORTH 28 DEGREES 12 MINUTES 32 SECONDS WEST, 155.06 FEET;THENCE NORTH 06 DEGREES 04 MINUTES 31 SECONDS WEST, 206.31 FEET, TO THE POINT OF BEGINNING, IN KANE COUNTY, ILLINOIS. CONTAINING 1,089,000 SQUARE FEET, (25.00 ACRES) MORE OR LESS. EXHIBIT EXHIBIT " I I • I N POINT OF COMMENCEMENT a 18 I 1 �y V N 8 '07'05' E 2653.91' � ROAD L4 I �'N G PONT OF is '�y a, BEGINNING $ s vti 0419 J 4?3 X22 1 L6 M ^ � v �0 N P I� 5� to op 0 t cO9 r218N,C' S 88'47'47" W 2667.54' 32 33 3 UNE TABLE UNE BEARING LENGTH DETAIL Lz� s 3. SCALE 1".50' L3 0 11' 60. L4 y. POINT OF COMMENCEMENT L6 1' 7 S 'J4' W 1 .98' t6R J—X L7 •Yl ' .6 L8 S. LINE OF N.E. QUARTER OF SECTION 29 �U 0 S 5 1 1 6 5 S 5, 83. L11 - p, Ll$' L2 L12 N 3 8" W 468. 5' N R• CENTER LINE OF BOWES ROAD( L13 N 06'S ' 9 .60' /7 L14 001 9 L N 8'08' 92.35' POINT OFD L16 s er 140.08• BEGINNING 5301'40• 7.10• Lib N 9'40' 6.61' L19 70'43.3 . 2 4. L20 58'JY40- W 113. L21 31 '0'W 7.39' L22 S 73'33'55' W 329.4 DATR 84.0 L2J N 66'37'15'W sYeegw ry L24 N 5 7'40' W 23. ' L25 87 '3"W 155.08' L28 N 4'31"W 206. ' AREA as 25.00 ACRES (1,089,000 SQUARE FEET) MORE OR LESS MANHAM CONSULTING Lam. _ ENGINEERS •SURVEYORS• ELQ9k ILLINOIS ENVIRONMay Vernon SciENr inois 'THE RESERVE' PROPOSED DEVELOPMENT 900 lloodlends Parkway Ver RiW,Ninoie 60061 EXHIBIT "e-1" LEGAL DESCRIPTION FOR PROPOSED MULTI-FAMILY DEVELOPMENT(THE RESERVE—PHASE 2) ELGIN, ILLINOIS THAT PART OF LOT 108 IN THE RESERVE, BEING A SUBDIVISION OF THE SOUTHEAST QUARTER OF SECTION 29, TOWNSHIP 41 NORTH, RANGE 8, EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED APRIL 12, 2004 AS DOCUMENT NO. 2004K044951, AND CORRECTED BY CERTIFICATE OF CORRECTION RECORDED JULY 22, 2004 AS DOCUMENT NUMBER 2004K098661,IN THE TOWNSHIP OF ELGIN, AND IN THE CITY OF ELGIN, AND IN KANE COUNTY, ILLINOIS, MORE PARTICULARLY DESCRIBED AS FOLLOWS; BEGINNING AT THE NORTHWEST CORNER OF LOT 107 IN SAID RESERVE SUBDIVISION; THENCE SOUTH 01 DEGREES 11 MINUTES 00 SECONDS EAST, 413.63 FEET, ALONG THE WEST LINE OF SAID LOT 107 AND THE SOUTHERLY EXTENSION THEREOF, TO A NORTHERLY CORNER OF LOT 101 IN SAID RESERVE SUBDIVISION; THENCE SOUTHWESTERLY, NORTHWESTERLY AND NORTHEASTERLY THROUGH THE FOLLOWING DESCRIBED THIRTEEN (13) COURSES ALONG SAID NORTHERLY LINES OF LOT 101; THENCE SOUTH 70 DEGREES 06 MINUTES 34 SECONDS WEST, 111.96 FEET; THENCE SOUTH 24 DEGREES 47 MINUTES 19 SECONDS WEST, 87.69 FEET; THENCE SOUTH 42 DEGREES 21 MINUTES 20 SECONDS WEST, 263.08 FEET; THENCE SOUTH 51 DEGREES 15 MINUTES 02 SECONDS WEST, 136.92 FEET; THENCE SOUTH 58 DEGREES 15 MINUTES 55 SECONDS WEST, 183.70 FEET;THENCE SOUTH 79 DEGREES 32 MINUTES 46 SECONDS WEST, 91.40 FEET; THENCE NORTH 33 DEGREES 13 MINUTES 26 SECONDS WEST, 466.75 FEET; THENCE NORTH 06 DEGREES 53 MINUTES 29 SECONDS EAST, 103.86 FEET; THENCE NORTH 60 DEGREES 00 MINUTES 11 SECONDS EAST, 91.59 FEET; THENCE NORTH 57 DEGREES 28 MINUTES 06 SECONDS EAST, 95.48 FEET; THENCE SOUTH 81 DEGREES 52 MINUTES 25 SECONDS EAST, 139.68 FEET; THENCE NORTH 53 DEGREES 01 MINUTES 40 SECONDS EAST, 196.13 FEET; THENCE NORTH 24 DEGREES 29 MINUTES 40 SECONDS WEST, 127.92 FEET; THENCE NORTH 65 DEGREES 30 MINUTES 20 SECONDS EAST, DEPARTING FROM SAID NORTHERLY LINES, 273.76 FEET, TO A POINT ON THE WESTERLY EXTENSION OF . . THE NORTH LINE OF SAID LOT 107; THENCE NORTH 88 DEGREES 42 MINUTES 55 SECONDS EAST, 256.10 FEET, ALONG SAID WESTERLY EXTENSION, TO THE POINT OF BEGINNING. CONTAINING 490,560 SQUARE FEET, (11.262 ACRES)MORE OR LESS. Manhard Consulting, Ltd. 900 Woodlands Parkway Vernon Hills, Illinois 60061 847-634-5550 Page 1 of 1 September 28,2006-P:\Puel2\documents\Survey\MultiFamilyLegal.doc PLATEXHIBIT CRAPHIC SCALE i i d nw�.✓=a vo�=s ro BOWES ROAD wM s eawf.e ,4 cii i «. .=•;r.rn.9 w.w. wR.w n COUNTY HIGHWAY 17 o �. o/� 66'•9'99-E n•e.1.9029' ~\wf _— I — ____� .�wMn .Q<"e"o....�N �- _ - — __ - C.Jg S 9 LOT 909 0 I -0 # g{ � g '.t �,..ov-v..e..zf xc�r,..c...f w•e�r0o•w 0 1 _�- � F LOT 608 _ POINT OF 1 'g Y'• ip c 5 °.�. Mamma .a..f,_� j Qp1 2 y N^�y1 Y >a F A. 1�)j6 N 66'42 55'E '— —_7 i 12, LOT 107 9 N 5728'06'E 81 �s•E d 14 2-u 11 l'-`.` ` 0~F'� iu 95.48' - / / �s�A'"`• O N 60110'11'E s. J 91.59. PROPOSED r}." a'•d j N 063P29'E MULTI-FAMILY r.. .a ' = 7 IL 103.86' DEVELOPMENT ,1�� l .,y • O• J LOT 101 �W Z 7 5 7000'34'w d W J C W N W W LL N 7HE fti1ESLAVE = ° i p�o� e µ x 0 CC LOT 101 9- t I i m PROPERTY AREA 4� 5 (z. 136.92' w asn sown/aFn aao 1 n. oao•arts] I g 4h ; n-rr wz '�i.zez harts) O. Y! JN 5 Z ZB 3!'3 E w ,-2 W3