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HomeMy WebLinkAbout11-120 Resolution No. 11-120 RESOLUTION AUTHORIZING EXECUTION OF A SECOND AMENDMENT TO ANNEXATION AGREEMENT WITH K. HOVNANIAN T&C HOMES AT ILLINOIS, L.L.C. DB/A TOWN& COUNTRY HOMES (Providence Subdivision - Heritage Park) WHEREAS, City and the owner and developer of certain property within the Providence Subdivision have proposed that the annexation agreement between such owner/developer and the City of Elgin be further amended; and WHEREAS,after due notice as required by law,a public hearing on said proposal was held by the corporate authorities of the City of Elgin; and WHEREAS,the proposed Second Amendment to Annexation Agreement with K.Hovnanian T&C Homes at Illinois, L.L.C. d/b/a Town& Country Homes is in the best interests of the City of Elgin. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS, that David J. Kaptain, Mayor, and Kimberly A. Dewis, City Clerk, be and are hereby authorized and directed to execute,on behalf of the City of Elgin,the Second Amendment to Annexation Agreement with K. Hovnanian T&C Homes at Illinois, L.L.C. d/b/a Town& Country Homes, a copy of which is attached hereto. s/David J. Kaptain David J. Kaptain, Mayor Presented: July 13, 2011 Adopted: July 13, 2011 Vote: Yeas: 7 Nays: 0 Attest: s/Kimberly Dewis Kimberly Dewis, City Clerk SECOND AMENDMENT TO ANNEXATION AGREEMENT This Second Amendment to Annexation Agreement ("Amendment Agreement") is made and entered into this 13 day of July 2011, by and between the City of Elgin, an Illinois municipal corporation (hereinafter referred to as the "City"), and K. Hovnanian T&C Homes at Illinois, L.L.C., an Illinois limited liability company, d/b/a Town & Country Homes (hereinafter referred to as the"Developer"). WHEREAS, the City and National Developers, Inc., an Illinois corporation, d/b/a Town & Country Homes, entered into an Annexation Agreement dated May 14, 2003 (the "Subject Annexation Agreement");and WHEREAS, the City and Hovstone Properties of Illinois, L.L.C., d/b/a Town & Country Homes, successor in interest to National Developers, Inc., entered into First Amendment to the Subject Annexation Agreement dated November 14, 2007(the"First Amendment"); and WHEREAS, Developer, K. Hovnanian T&C Homes at Illinois, L.L.C., d/b/a Town & Country Homes, is the successor-in-interest to National Developers, Inc., d/b/a Town & Country Homes and to Hovstone Properties of Illinois, LLC,d/b/a Town&Country Homes; and WHEREAS, the Subject Annexation Agreement relates to the annexation and development of the Providence Subdivision, such property being legally described in Exhibit A to the Subject Annexation Agreement(hereinafter referred to as the"Subject Property"); and WHEREAS, the Subject Annexation Agreement provides for Developer to improve and thereafter dedicate and convey to the City a park site within Phase III of the Subject Property known as Heritage Park, such park site being bounded by Friendship Street, Moulton Avenue, Heritage Park Way and Fountain Avenue (hereinafter referred to as"Heritage Park"); and WHEREAS, there is currently located on the eastern portion of the Heritage Park site an existing topsoil pile which the City and the residents within the Providence Subdivision desire to have the Developer remove as soon as possible (hereinafter referred to as the "Subject Topsoil Pile"); and WHEREAS, the parties hereto wish to enter into a second amendment to the Subject Annexation Agreement to document certain agreements between the parties with respect to the removal of an the Subject Topsoil Pile on Heritage Park and the design, construction and conveyance of Heritage Park;and WHEREAS, the City of Elgin City Council has conducted a public hearing on this proposed Second Amendment to the Subject Annexation Agreement, as required by law. NOW, THEREFORE, for in consideration of the mutual promises and undertakings as set forth herein and other good and valuable consideration, the receipt and sufficiency of which is mutually acknowledged,the parties hereto agree as follows: 1. The foregoing recitals are incorporated into this Second Amendment Agreement. 2. Developer, at its cost, shall provide for the development and construction of Heritage Park pursuant to the plans therefor prepared by Hitchcock Design Group entitled "Providence — Heritage Park" dated May 27, 2011, attached hereto and made a part hereof as Exhibit A (hereinafter referred to as the "Subject Plans for Heritage Park"). 3. Phase I of the construction of Heritage Park shall consist of that portion of Heritage Park and the improvements and appurtenances thereto to be constructed thereon as depicted in the Subject Plans for Heritage Park, located westerly of the existing Subject Topsoil Pile and includes all of the park improvements and appurtenances thereto, with the exception of the baseball/soccer fields depicted in the Subject Plans for Heritage Park at the eastern end of Heritage Park (hereinafter referred to as "Phase 1 of Heritage Park"), Phase I1 of the construction of Heritage Park shall consist of that portion of Heritage Park located easterly of Phase I of Heritage Park on the easterly end of the park site which is currently located under the existing Subject Topsoil Pile and shall include the final grading of such area and the construction of the baseball/soccer fields and the other appurtenances located on said portion of the park as depicted on the Subject Plans for Heritage Park (hereinafter referred to as "Phase II of Heritage Park"). Developer shall commence the construction of Phase I of Heritage Park no later than within thirty (30) days of the entry into this Second Amendment Agreement. Developer shall substantially complete the construction of Phase I of Heritage Park on or before October 1, 2011, and Developer shall fully complete the construction of Phase I of Heritage Park on or before November 1, 2011. Developer shall commence the construction of Phase II of Heritage Park on or before October 1, 2013. Developer shall substantially complete the construction of Phase II Heritage Park on or before March 1, 2014, and Developer shall fully complete the construction of Phase 11 of Heritage Park on or before April 1, 2014. Developer shall be deemed to have commenced the construction of a phase of Heritage Park upon the commencement of the installation of improvements for such phase of the park on the Heritage Park site as depicted in the Subject Plans for Heritage Park. 4. The parties hereto acknowledge that the Developer has completed the lowering of the elevation, the reduction of the grades of slopes and the planting of stabilizing vegetation on the existing Subject Topsoil Pile located on the easterly portion of the Heritage Park site. Until such time the Developer provides for the removal of the entire Subject Topsoil Pile from the Heritage Park site, the Developer at its cost shall (a) install and maintain silt fencing around the entire Subject Topsoil Pile; (b) maintain the Subject Topsoil Pile and surrounding area in a clean and sanitary condition including keeping the surrounding area and streets free from dirt and mud; (c) maintain the Subject Topsoil Pile in a safe condition including from time to time regrading the Subject Topsoil Pile by further lowering the -2- elevation thereof as soil is removed and to prevent the creation of any unsafe slopes, grades or other conditions; (d) maintain stabilizing vegetation on the Subject Topsoil Pile; (e) install and maintain a security fence six feet in height separating the Subject Topsoil Pile from the Phase I of Heritage Park. 5. Developer shall provide at its cost for the removal of the entire Subject Topsoil Pile from the Heritage Park site on or before October 1, 2013. The removal of the Subject Topsoil Pile by Developer from the Heritage Park site shall include the removal of all topsoil and the grading of the area in accordance with the Subject Plans for Heritage Park. In the event the Developer fails to provide for the removal of the entire Subject Topsoil Pile from the Heritage Park site as required in this paragraph, the Developer agrees that in addition to other remedies available to the City at law or in equity, that upon sixty (60) days written notice from the City to the Developer of Developer's breach of the provisions of this paragraph and Developer's failure to cure same, that the City is authorized and permitted to enter onto the Heritage Park site through its employees, agents or contractors to provide for the removal of the Subject Topsoil Pile from the Heritage Park property. In the event the City provides for the removal of the Subject Topsoil Pile from Heritage Park Developer shall reimburse the City the cost thereof or the cost thereof shall be paid or reimbursed to the City from the proceeds of the soil erosion control performance bond for Phase III provided for under bond number 08778144. 6. In consideration of Developer's construction of Heritage Park as provided herein, the City agrees to waive additional unpaid park impact fees for the Providence Subdivision in the total amount of Sixty Thousand Two Hundred Twenty Dollars ($60,220.00). Such waiver shall be provided by the City to Developer on a per- building permit basis for the remaining building permits to be issued for residences within the Providence Subdivision. 7. The City and the Developer agree that the current routing of the bike paths constructed in Phase I of the Providence Subdivision on the Subject Property is acceptable and that no additional bike paths in Phase I along the Nicor right-of- way shall be required. 8. Upon completion of the construction of Phase I of Heritage Park by Developer and the inspection and approval of same by the City, Developer shall convey the Phase I portion of Heritage Park to the City. Upon the completion of the construction of the Phase II of Heritage Park and the inspection and approval of same by the City, Developer shall convey the Phase II portion of Heritage Park to the City. Each of such conveyances from the Developer to the City shall be by recordable warranty deed, subject only to general real estate taxes for the year of conveyance and subsequent years, public utility easements and covenants, conditions and restrictions of record, if any, which do not interfere or prohibit the City's intended use of such property as a public park. -3- 9. The parties hereto intend that the terms and provisions of this Second Amendment Agreement shall apply notwithstanding any provisions in the Subject Annexation Agreement or the First Amendment to the contrary. In the event of any conflict between the terms and provisions of this Second Amendment Agreement and the terms and provisions of the Subject Annexation Agreement or the First Amendment, the terms and provisions of this Second Amendment Agreement shall supersede and control. It is the intent of the parties hereto that the terms and provisions of this Second Amendment Agreement are intended to amend and supersede and control over any contrary provisions of the Subject Annexation Agreement or the First Amendment. 10. Except as specifically amended in this Second Amendment Agreement, the terms and provisions of the Subject Annexation Agreement, as previously amended pursuant to the First Amendment, shall remain in full force and effect. IN WITNESS WHEREOF, the parties hereto have entered into and executed this Second Amendment Agreement as of the date and year first written above. K. Hovnanian T&C Homes at Illinois, L.L.C. 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NapervM.Nlnais 60510 Gona•b mmp By Appl•d Paylk Sunxe 3 GanaeleFlatwM $Yalem T630.981.1)0] F 630.961.9825 BlWminua Cpnuele Sldace Cavee BWm1,,c-Co—Bi—I Louise PREPARED FOR AapnNl To Be H— b ��-Wl A°I°c°"I M•le"ai Set Puma at Same Le.el Town&Country ea Gmwn In Cmtelner G.mpM.eq,nnalarM1:,,. e� � :•; 's �. .T ,� ,�..,• Homes Prepare Enllre Planllrp Bed to•a' Compacted Gr•m/ar Base Depo,wdM1—,4od T...cil 11%16 S.HIpMW Ave. 6. SECTION 2• 6' Compacted Syagr*d• ^ GeoteaWe UnderlaYmenl LamSam,IL 60110 compacted Su rod• 2•deep..R Work Mtdc6 UMer 5q Brontlwa.Rasa•Pbnl B•d 2"A.ove Plo round Ram opym mp 4 As halt Court vin Gn--roo tow F'M°"G'•d• PROJECT Yd'•1'-0• 1'.1'-0' una16 WNed or Compacted Suegmde �.mN.. Providence 1 M1•FGppn , Heritage Fens•Pasl-ba10111— Park Fwr•PaN-In•Wp•r 4nu m.n.n.maroro mwmmerw.dorK 7 Annual Perennial and 0.AnnPer manufanunn rxwnnl•malbna. 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Stegall, City Manager William A. Cogley, Corporation Counsel/Chief Development Officer Subject: Public Hearing Regarding a Second Amendment to Annexation Agreement with K. Hovnanian T&C Homes at Illinois, L.L.C. d/b/a Town& Country Homes (Providence Subdivision-Heritage Park) The purpose of this memorandum is to submit information on the proposed second amendment to the annexation agreement with K. Hovnanian T&C Homes at Illinois, L.L.C. regarding the development of Heritage Park in the Providence Subdivision. You may recall that a number of weeks ago residents from the Providence Subdivision appeared at a city council meeting and addressed the council regarding the topsoil pile on a park site in the Providence Subdivision and the lack of the development of such park site. The park site in question is Heritage Park. Such park is located in Phase III of the Providence Subdivision. Town & Country Homes is the Developer of such subdivision. As part of mass grading efforts in the Providence Subdivision, Town & Country Homes previously placed surplus topsoil on the park site. Town & Country Homes has been removing topsoil from the topsoil pile and placing it on completed home sites as such home sites are developed. Town & Country advises that it requires a majority of this topsoil for the remaining undeveloped lots within the subdivision when such lots have been developed with new homes. City staff has had ongoing discussions with Town & Country and area residents over the development of the park site. On May 18, 2011, Councilman Dunne, City Manager Stegall and Corporation Counsel Cogley, Randy Reopelle and Paul Bednar attended a meeting with Town & Country representatives and a large number of residents. The meeting took place at the boathouse park site in Phase II of the Providence Subdivision. The meeting began in a somewhat contentious manner with the residents expressing their frustration and anger to the Town & Country representatives over the topsoil pile still being located on the park site and the lack of development of the park site. Town & Country's representatives initially stated in the meeting that they would be agreeable to developing the portion of the park site not located under the topsoil pile (approximately the western two-thirds of the park site) this year, that they would agree to remove the topsoil pile completely within four years and thereafter develop the balance of the park site. After further discussions a consensus appeared to be reached whereby Town & Country would develop the approximate two-third western portion of the park site this year, remove the topsoil pile completely within approximately two years and thereafter construct the balance of the park site. Mayor and Members of the City Council - 2 - July 6, 2011 Attached is a proposed agreement between the city and Town & Country regarding this matter. The proposed agreement is in the form of a second amendment to the annexation agreement. Because the agreement is in the form of an amendment to the annexation agreement the agreement requires a public hearing. The proposed agreement may be summarized as follows: I. Town & Country (the "Developer") at its cost will provide for the development construction of Heritage Park pursuant to the plans prepared by Hitchcock Design Group attached to the agreement as Exhibit A. These plans have been reviewed and approved by city staff and provide for the improvement of this park site consistent with the improvements of the Settlers Park site in Phase I of the Providence Subdivision. These plans (except for modest final revisions thereto) were distributed to the residents at the meeting on May 18, 2011. Heritage Park will include the various improvements typically required by the city for neighborhood parks including soccer fields, a baseball field, basketball courts, a tennis court, a playground area and a shelter. 2. Phase I of the construction of Heritage Park will consist of that portion of Heritage Park located westerly of the existing topsoil pile on the site. Phase I will include all of the park improvements with the exception of the baseball/soccer fields depicted in the plans at the eastern end of the park site. Phase II of the construction of Heritage Park will consist of that portion of Heritage Park located easterly of Phase I on the easterly end of the park site which is currently located under the existing topsoil pile. Phase II will include the final grading of such area and the construction of the baseball/soccer fields as depicted on the park plans. Developer must commence construction of Phase I of Heritage Park no later than within thirty (30) days of the entry into the agreement. Developer must substantially complete the construction of Phase I of Heritage Park on or before October 1, 2011, and Developer must fully complete the construction of Phase I of Heritage Park on or before November 1, 2011. Developer must commence construction of Phase II of Heritage Park on or before October 1, 2013. Developer must substantially complete the construction of Phase II of Heritage Park on or before March 1, 2014 and Developer must fully complete the construction of Phase II of Heritage Park on or before April 1, 2014. 3. Developer has recently completed the lowering of the elevation, the reduction of the grades and slopes and the planting of stabilizing vegetation on the existing topsoil pile on the Heritage Park site. Until such time as Developer provides for the removal of the entire topsoil pile, the Developer at its cost shall (a) install and maintain silt fencing around the entire topsoil pile; (b) maintain the topsoil pile and surrounding area in a clean and sanitary condition including keeping the surrounding area and streets free from dirt and mud; (c) maintain the topsoil pile in a safe condition including from time to time regrading the topsoil pile by further lowering the elevation thereof as soil is removed and to prevent the creation of any unsafe slopes, grades or other conditions; (d) maintain stabilizing vegetation on the topsoil pile; and (e) install and maintain a security fence six feet in height separating the topsoil pile from the Phase I of Heritage Park. 4. Developer at its cost must provide for the removal of the entire subject topsoil pile from Mayor and Members of the City Council - 3 - July 6, 2011 the Heritage Park site on or before October 1, 2013. If the Developer fails to provide for the removal of the entire topsoil pile from the park site as required in the agreement, after sixty (60) days written notice from the city to the Developer the city is permitted to enter onto the park site through its employees, agents or contractors to provide for the removal of the topsoil pile from the Heritage Park property. In the event the city provides for the removal of the topsoil pile from the Heritage Park site Developer is required to reimburse the city the costs thereof or the costs thereof shall be paid or reimbursed to the city from the proceeds of the existing soil erosion control performance bond for Phase III. 5. The city has a park capital improvement contribution it imposes in annexation agreements whereby developers pay such fee to the city to be utilized by the city for park improvements. The annexation agreement for the subject property provides a credit to the Developer of $364,331 from the park capital improvement contributions which the Developer is to utilize to improving the neighborhood parks for the city. The annexation agreement further provides that the city shall not require the Developer to make improvements to the neighborhood parks beyond the amount of such credit of$364,331. Developer has submitted documentation that it has already expended funds in excess of the existing park capital improvement contribution credit of $364,331 for the previous construction of neighborhood parks within the subject Providence development. City staff estimates that the Developer's cost to build Heritage Park pursuant to the agreed to plans is in the range of $325,000 to $350,000. In consideration of Developer's construction of Heritage Park, the agreement provides that the city will agree to provide a credit for additional yet to be paid park impact fees for the Providence Subdivision in the amount of $60,220. Such credit will be provided by the city to Developer on a per building permit basis for the remaining building permits to be issued for homes to be built within the Providence Subdivision. 6. The parties would agree that the current routing of bike paths constructed in Phase I of the Providence Subdivision is acceptable that no additional bike paths in Phase I along the Nicor right-of-way in Phase I shall be required. The original plans for Phase I called for a portion of the bike paths to be constructed along the Nicor right-of-way. The plans were thereafter amended to provide for an alternative routing which is located along Longcommon Parkway and then westerly along the north boundary area of the property. Such alternative routing was based upon preliminary indications that Nicor would agree to bike paths across but not along its right-of-way. The alternative routing of the bike path has already been constructed by the Developer and is acceptable and agreeable to city staff. 7. Upon the completion of the construction of Phase I of Heritage Park by the Developer and the inspection approval of same by the city, the Developer will convey the Phase I portion of Heritage Park to the city. Upon completion of the construction of Phase 1I of Heritage Park and the inspection approval of same by the city, the Developer will convey Phase II of Heritage Park to the city. It is the opinion of city staff that the proposed agreement constitutes an acceptable compromise. The agreement provides for the construction of a majority of Heritage Park this year and for a Mayor and Members of the City Council - 4 - July 6, 2011 definitive schedule for the removal of the topsoil pile and the development of the remaining portion of the park site. Corporation Counsel Cogley contacted one of the neighborhood representatives and provided her a verbal summary of the proposed agreement. The neighborhood representative seemed satisfied with the terms of the proposed agreement. Additionally, on June 27, 2011, a copy of the proposed agreement along with a summary of the agreement was transmitted to approximately eighty residents who attended the May 18 meeting and provided their e-mail address. City staff has not received any comments back from the residents regarding the proposed agreement. The next item on the other business agenda is a resolution authorizing execution of the proposed second amendment to the annexation agreement. bf Attachment SECOND AMENDMENT TO ANNEXATION AGREEMENT This Second Amendment to Annexation Agreement ("Amendment Agreement") is made and entered into this— day of 2011, by and between the City of Elgin, an Illinois municipal corporation (hereinafter referred to as the "City"), and K. Hovnanian T&C Homes at Illinois, L.L.C., an Illinois limited liability company, d/b/a Town & Country Homes (hereinafter referred to as the"Developer"). WHEREAS, the City and National Developers, Inc., an Illinois corporation, d/b/a Town & Country Homes, entered into an Annexation Agreement dated May 14, 2003 (the "Subject Annexation Agreement"); and WHEREAS, the City and Hovstone Properties of Illinois, L.L.C., d/b/a Town & Country Homes, successor in interest to National Developers, Inc., entered into First Amendment to the Subject Annexation Agreement dated November 14, 2007(the"First Amendment"); and WHEREAS, Developer, K. Hovnanian T&C Homes at Illinois, L.L.C., d/b/a Town & Country Homes, is the successor-in-interest to National Developers, Inc., d/b/a Town & Country Homes and to Hovstone Properties of Illinois, LLC, d/b/a Town& Country Homes; and WHEREAS, the Subject Annexation Agreement relates to the annexation and development of the Providence Subdivision, such property being legally described in Exhibit A to the Subject Annexation Agreement(hereinafter referred to as the"Subject Property"); and WHEREAS, the Subject Annexation Agreement provides for Developer to improve and thereafter dedicate and convey to the City a park site within Phase III of the Subject Property known as Heritage Park, such park site being bounded by Friendship Street, Moulton Avenue, Heritage Park Way and Fountain Avenue (hereinafter referred to as"Heritage Park"); and WHEREAS, there is currently located on the eastern portion of the Heritage Park site an existing topsoil pile which the City and the residents within the Providence Subdivision desire to have the Developer remove as soon as possible (hereinafter referred to as the "Subject Topsoil Pile"); and WHEREAS, the parties hereto wish to enter into a second amendment to the Subject Annexation Agreement to document certain agreements between the parties with respect to the removal of an the Subject Topsoil Pile on Heritage Park and the design, construction and conveyance of Heritage Park; and WHEREAS, the City of Elgin City Council has conducted a public hearing on this proposed Second Amendment to the Subject Annexation Agreement, as required by law. NOW, THEREFORE, for in consideration of the mutual promises and undertakings as set forth herein and other good and valuable consideration, the receipt and sufficiency of which is mutually acknowledged, the parties hereto agree as follows: 1. The foregoing recitals are incorporated into this Second Amendment Agreement. 2. Developer, at its cost, shall provide for the development and construction of Heritage Park pursuant to the plans therefor prepared by Hitchcock Design Group entitled "Providence — Heritage Park" dated May 27, 2011, attached hereto and made a part hereof as Exhibit A (hereinafter referred to as the "Subject Plans for Heritage Park"). 3. Phase I of the construction of Heritage Park shall consist of that portion of Heritage Park and the improvements and appurtenances thereto to be constructed thereon as depicted in the Subject Plans for Heritage Park, located westerly of the existing Subject Topsoil Pile and includes all of the park improvements and appurtenances thereto, with the exception of the baseball/soccer fields depicted in the Subject Plans for Heritage Park at the eastern end of Heritage Park (hereinafter referred to as "Phase 1 of Heritage Park"). Phase II of the construction of Heritage Park shall consist of that portion of Heritage Park located easterly of Phase I of Heritage Park on the easterly end of the park site which is currently located under the existing Subject Topsoil Pile and shall include the final grading of such area and the construction of the baseball/soccer fields and the other appurtenances located on said portion of the park as depicted on the Subject Plans for Heritage Park (hereinafter referred to as "Phase II of Heritage Park"). Developer shall commence the construction of Phase I of Heritage Park no later than within thirty (30) days of the entry into this Second Amendment Agreement. Developer shall substantially complete the construction of Phase I of Heritage Park on or before October 1, 2011, and Developer shall fully complete the construction of Phase I of Heritage Park on or before November 1, 2011. Developer shall commence the construction of Phase II of Heritage Park on or before October 1, 2013. Developer shall substantially complete the construction of Phase II Heritage Park on or before March 1, 2014, and Developer shall fully complete the construction of Phase II of Heritage Park on or before April 1, 2014. Developer shall be deemed to have commenced the construction of a phase of Heritage Park upon the commencement of the installation of improvements for such phase of the park on the Heritage Park site as depicted in the Subject Plans for Heritage Park. 4. The parties hereto acknowledge that the Developer has completed the lowering of the elevation, the reduction of the grades of slopes and the planting of stabilizing vegetation on the existing Subject Topsoil Pile located on the easterly portion of the Heritage Park site. Until such time the Developer provides for the removal of the entire Subject Topsoil Pile from the Heritage Park site, the Developer at its cost shall (a) install and maintain silt fencing around the entire Subject Topsoil Pile; (b) maintain the Subject Topsoil Pile and surrounding area in a clean and sanitary condition including keeping the surrounding area and streets free from dirt and mud; (c) maintain the Subject Topsoil Pile in a safe condition including from time to time regrading the Subject Topsoil Pile by further lowering the -2- elevation thereof as soil is removed and to prevent the creation of any unsafe slopes, grades- or other conditions; (d) maintain stabilizing vegetation on the Subject Topsoil Pile; (e) install and maintain a security fence six feet in height separating the Subject Topsoil Pile from the Phase I of Heritage Park. 5. Developer shall provide at its cost for the removal of the entire Subject Topsoil Pile from the Heritage Park site on or before October 1, 2013. The removal of the Subject Topsoil Pile by Developer from the Heritage Park site shall include the removal of all topsoil and the grading of the area in accordance with the Subject Plans for Heritage Park. In the event the Developer fails to provide for the removal of the entire Subject Topsoil Pile from the Heritage Park site as required in this paragraph, the Developer agrees that in addition to other remedies available to the City at law or in equity, that upon sixty (60) days written notice from the City to the Developer of Developer's breach of the provisions of this paragraph and Developer's failure to cure same, that the City is authorized and permitted to enter onto the Heritage Park site through its employees, agents or contractors to provide for the removal of the Subject Topsoil Pile from the Heritage Park property. In the event the City provides for the removal of the Subject Topsoil Pile from Heritage Park Developer shall reimburse the City the cost thereof or the cost thereof shall be paid or reimbursed to the City from the proceeds of the soil erosion control performance bond for Phase III provided for under bond number 08778144. 6. In consideration of Developer's construction of Heritage Park as provided herein, the City agrees to waive additional unpaid park impact fees for the Providence Subdivision in the total amount of Sixty Thousand Two Hundred Twenty Dollars ($60,220.00). Such waiver shall be provided by the City to Developer on a per- building permit basis for the remaining building permits to be issued for residences within the Providence Subdivision. 7. The City and the Developer agree that the current routing of the bike paths constructed in Phase I of the Providence Subdivision on the Subject Property is acceptable and that no additional bike paths in Phase I along the Nicor right-of- way shall be required. 8. Upon completion of the construction of Phase I of Heritage Park by Developer and the inspection and approval of same by the City, Developer shall convey the Phase I portion of Heritage Park to the City. Upon the completion of the construction of the Phase II of Heritage Park and the inspection and approval of same by the City, Developer shall convey the Phase II portion of Heritage Park to the City. Each of such conveyances from the Developer to the City shall be by recordable warranty deed, subject only to general real estate taxes for the year of conveyance and subsequent years, public utility easements and covenants, conditions and restrictions of record, if any, which do not interfere or prohibit the City's intended use of such property as a public park. -3- 9. The parties hereto intend that the terms and provisions of this Second Amendment Agreement shall apply notwithstanding any provisions in the Subject Annexation Agreement or the First Amendment to the contrary. In the event of any conflict between the terms and provisions of this Second Amendment Agreement and the terms and provisions of the Subject Annexation Agreement or the First Amendment, the terms and provisions of this Second Amendment Agreement shall supersede and control. It is the intent of the parties hereto that the terms and provisions of this Second Amendment Agreement are intended to amend and supersede and control over any contrary provisions of the Subject Annexation Agreement or the First Amendment. 10. Except as specifically amended in this Second Amendment Agreement, the terms and provisions of the Subject Annexation Agreement, as previously amended pursuant to the First Amendment, shall remain in full force and effect. IN WITNESS WHEREOF, the parties hereto have entered into and executed this Second Amendment Agreement as of the date and year first written above. K. Hovnanian T&C Homes at Illinois, L.L.C. 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