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HomeMy WebLinkAbout02-51 Resolution No. 02-51 RESOLUTION ACCEPTING FOR MAINTENANCE THE UNDERGROUND IMPROVEMENTS IN THE GALVIN DRIVE RIGHT OF WAY BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS, that the City of Elgin hereby accepts for maintenance the underground improvements, which include 2600 feet of water main and 2600 feet of sanitary sewer in the Galvin Drive right-of-way. s/ Ed Schock Ed Schock, Mayor Presented: February 13 , 2002 Adopted: February 13, 2002 Omnibus Vote: Yeas : 7 Nays : 0 Attest : s/ Dolonna Mecum Dolonna Mecum, City Clerk . 1 City of Elgin Agenda Item No. January 18, 2002 TO: Mayor and Members of the City Council FROM: Joyce A. Parker, City Manager SUBJECT: Interstate Partners Reimbursement - Galvin Drive PURPOSE The purpose of this memorandum is to provide the Mayor and the members of the City Council with information relative to an existing development agreement between the City of Elgin and Interstate Partners, Inc . , the developers of Northwest Business Park. BACKGROUND In November, 2000, the City Council approved a development agreement between the City and Northwest, Llc . pertaining to oversizing repayments for water and sewer lines at Northwest Business Park (Galvin Drive and Route 72) . The water and sewer lines considered by the agreement generally fall outside the limits of the subdivision and follow the alignment of Galvin Drive . The agreement states that the City must reimburse the costs of oversizing both water and sewer lines within 60 days of the passage of the resolution of accepting the improvements (reference attached development agreement - Resolution 00-248) . A request for a $157, 000 reimbursement by Interstate Partners has been received. This amount represents the maximum set forth in the development agreement . The water and sewer lines have been properly installed and are functioning. The Engineering Division and Water Department have completed field inspections of the water and sewer lines, and have determined that four minor landscape restoration type items remain outstanding. In accordance with City ordinance, the improvements cannot be accepted until all work is satisfactorily completed and approved by the Engineering Division. To ensure completion of the minor restoration items, staff will not recommend acceptance of any remaining subdivision improvements until all punch list items are resolved. The developer intends to have all punch list items resolved by the beginning of July as weather allows. Interstate Partners Reimbursement Galvin Drive January 18 , 2001 Page 2 COMMUNITY GROUPS/INTERESTED PERSONS CONTACTED None . �FINANCIAL IMPACT The total amount due Interstate Partners is $157, 000 . The water portion ($117, 000) was budgeted from the Water portion 2001 Bond issue and should be paid from account no. 381-4000-795 . 92-41, project no. 339661 . The sewer portion ($40 , 000) will be paid from . account no. 397-4200-795 . 92-41, project no. 339661 . These monies were transferred to this project from the Tyler Creek Phase 5 ro . ct which closed last year with funds remaining of $60, 000 . LEGAL IMPACT None . ALTERNATIVES 1 . Approve the reimbursement to Interstate Partners subject to the letter of agreement submitted by Interstate Partners agreeing to complete necessary improvements . 2 . Table the request at this time until all necessary improvements are completed. RECOMMENDATION It is recommended that the City Council approve the request for reimbursement at this time, subject to the letter of agreement submitted by Interstate Partners . Respectfully submitted, Jb c.e Q . _ JoycrA. Parker City anager JLB Attachments JC# INTERSTATE PARTNERS LLC Chicago• Milwaukee• Minneapolis jAN 10 2002 MEMORANDUM CITY OF ELGIN TO: OMAR SANTOS ENGINEERING DEPT. FROM: JASON ROSENBERG6�1 SUBJECT: GALVIN DRIVE WATER MAIN &SANITARY SEWER REIMBURSEMENT DATE: 1110102 CC: MARK EBACHER IN RESPONSE TO YOUR MEMO DATED JANUARY 8, 2002, INTERSTATE PARTNERS WILL COMPLETE THE FOLLOWING ITEMS PER YOUR REQUEST: 1) REMOVE EXCESS MATERIAL AROUND STA 2+75 TO STA 3+50 AND ADJUST THE STRUCTURE IN THE AREA (WATER CONNECTION TO NBP 1), 2) RE-GRADE DISTURBED AREAS TO MATCH RAISED STRUCTURES, 3) SEED AND MAINTAIN, UNTIL VEGETATION IS ESTABLISHED AT DISTURBED AREAS ALONG GALVIN DRIVE, AND 4) INTERSTATE PARTNERS WILL COMPLETE PRIOR TO JUNE 30, 2002. • • Resolution No. 00-248 RESOLUTION AUTHORIZING EXECUTION OF A DEVELOPMENT AGREEMENT WITH NORTHWEST, LLC (Northwest Business Park) 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 a Development Agreement on behalf of the City of Elgin with Northwest, LLC for the development of approximately 92 acres of land located at Route 72 and west of Galvin Drive known as the Northwest Business Park, a copy of which is attached hereto and made a part hereof by reference. Ed Schock, Mayor Presented: November 15, 2000 Adopted: Vote: Yeas Nays Recorded: Attest : Dolonna Mecum, City Clerk DEVELOPMENT AGREEMENT This Development Agreement is made and entered into this day of 2000, by and between the CITY OF ELGIN, an Illinois municipal corporation, (hereinafter referred to as the "City") and NORTHWEST, LLC, an Illinois Limited . Liability Company, (hereinafter referred to as "Developer") . WITNESSETH WHEREAS, Developer is the Contract Purchaser and Developer of the property its the City of Elgin located on State Route 72 and West of Galvin Drive, consisting of approximately 92 acres of land, such property being legally described in Exhibit A attached hereto, (hereinafter referred to as the "Subject Property") ; and WHEREAS, Developer, after consultations and negotiations with the City, has determined to proceed with the development of the Subject Property; and WHEREAS, Developer's proposed development of the Subject Property will consist of an Office/Research/Industrial Subdivision of approximately 69 acres and . open space for stormwater management facilities of approximately 23 acres; and WHEREAS, in order to provide for the continued development of the City including the development of the Subject Property and the ongoing development of the Randall Road corridor the City has agreed to provide certain development assistance; and • r WHEREAS, the development of the Subject Property will result in a substantial increase in the City's tax revenues and an increase in tax revenues to other local taxing districts; and WHEREAS, the development of the Subject Property will result in substantial new employment opportunities in the City; and WHEREAS, the City of Elgin is a home rule unit authorized to exercise any power and perform any function relating to its government and affairs; and WHEREAS, the economic development initiatives to be provided by the City which will encourage the development of the Subject Property and which will result in substantial increases in the City's tax base and employment opportunities within the City of Elgin are matters within the government and affairs of the City of .Elgin. NOW, THEREFORE, for and in consideration of the mutual promises and undertakings contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows : 1 . That the foregoing recitals are incorporated into this agreement in their entirety. 2 . That Developer shall develop the Subject Property as the Northwest Business Park in accordance with the final plat of subdivision and final engineering plans for 'the -2- torthwest Business Park as approved by the City (hereinafter referred to as the "Northwest Business Park Development") . It is understood and agreed' that the Northwest Business Park Development when completed shall consist of approximately 1 .2 million square feet of completed Office/Research/Industrial Buildings . 3 . That in consideration - of Developer' s undertaking and completing the development of the Subject Property with the Northwest Business Park Development as provided herein the City agrees to . provide the economic development assistance to Developer as follows : A. Upon the execution of this Agreement the City agrees to convey to the Developer by quit claim deed the parcel of land legally described on Exhibit B attached hereto and depicted on Exhibit C attached hereto. B. The City is requiring the Developer as part of the Northwest Business Park Development to extend a 12-inch municipal water line from its current location ("Point All on Exhibit D attached hereto) within the easement granted for such purpose along the east boundary of Galvin Drive to a point no less than 10 feet south of the south right-of-way line of Illinois Route 72 ("Point B" on Exhibit D attached hereto) , such waterman extension being hereinafter referred to as the "West Pressure Zone Water Main Extension" . The Developer shall commence and complete construction of such West Pressure Zone Water Main Extension on or before -3- Jeptember 30, 20QI and in accordance with the final . engineering plans for same as approved by the City. At such time as the Developer has completed construction of, and the City has accepted for public ownership and maintenance, the West Pressure Zone Water Main Extension, the City agrees to reimburse Developer, within sixty (60) days after the adoption by the City of the ' Resolution of acceptance thereof, the lesser amount of (a) the actual cost of construction of the West Pressure Zone Water Main Extension, including but not limited . to (i) expenditures for actual - cons.truction, (ii) surveying and engineering fees, (iii) legal fees, and (iv) interest on Developer' s expenditures for such costs and expenditures computed from the date of each such disbursement at a rate equal to the federal reserve prime rate of interest as published in the Wall Street Journal, rate changing on the first day of each following month, and (b) One Hundred Seventeen Thousand Dollars ($117, 000) C. The City is requiring the Developer as part of the Northwest Business Park Development to extend a 10-inch sanitary sewer line from a beginning location ( "Point C" on Exhibit D attached hereto) within the easement granted for such purpose along with west boundary of Galvin Drive to a point not less than 10 feet south of the south right-of-way line of Illinois Route 72 ("Point D" on Exhibit D attached hereto) such sanitary sewer extension being hereinafter referred to as the "Sanitary Sewer Extension" . The Developer -4- hall complete the construction of the Sanitary Sower Extension on or before September 30, 2001 and in accordance with the final engineering plans for same as approved by the City. At such time as the Developer has completed the construction of, and the City has accepted for public ownership and maintenance, the Sanitary Sewer Extension, the City agrees to reimburse Developer, within sixty (60) days after the adoption by the City -of the resolution of acceptance thereof, the lesser amount of (a) the actual cost of construction of the Sanitary Sewer Line Extension, including but not limited to (i) expenditures for actual construction (ii) surveying and engineering fees, (iii) legal fees, and (iv) interest on Developer' s expenditures for such costs and expenditures computed from the date of each such disbursement at a rate equal to the federal reserve prime rate of interest as published in the Wall Street Journal, rate changing on the first day of each following month, and (b) Forty Thousand Dollars ($40, 000) . 4. That the parties understand and agree that the 'economic development assistance being provided by the City to the Developer. as set forth herein is expressly contingent upon Developer' s development of the Northwest Business Park Development on the Subject Project as set forth herein. In the event Developer has failed to complete the development of the Subject Property with the Northwest Business Park Development including the construction of approximately 1 .2 -5- illion square feet of completed. Office/Research/Industrial buildings on the Subject Property on or before December 31, 2020, the parties understand and agree that Developer shall reimburse the City in full any funds paid to the Developer as provided for in the preceding paragraphs 3B and 3C hereof . 5 . That this agreement shall not be deemed or construed to create an employment, joint venture, partnership, or other,agency relationship between the parties hereto. 6 . That all notices or other communications hereunder shall be made in writing and shall be deemed given if personally delivered, sent by overnight courier or mailed by registered or certified mail, return receipt requested, to the parties at the following addresses, or at such other addresses for a party as shall be specified by like notice, and - shall be deemed received on the date which said notice is hand delivered or the second business day following the date on which so mailed: TO THE CITY: City of Elgin 150 Dexter Court Elgin, Illinois 60120-5555 Attn: City Manager TO THE DEVELOPER: Northwest, LLC 1847 Walden Office Square, Suite 350 Schaumburg, IL 60074 7 . That the failure by a party to enforce any provision of this agreement against the other party shall not be deemed a waiver of the right to do so thereafter. -6- 8 . That this agreement may be modified or amended only in writing signed by both parties hereto, or their permitted successors or assigns, as the case may be., 9 . That this agreement contains the entire agreement and understanding of the parties hereto with respect to the subject, matter as set forth herein, all prior agreements and understandings having been merged herein and extinguiphed hereby. 10 . That this agreement is and shall be deemed and construed to be a joint and collective work product of the City and Developer and, as such, this agreement shall not be construed against the other party, as the otherwise purported drafter of same, by any court of competent jurisdiction in order to resolve any inconsistency, ambiguity, vagueness or conflict, if any, in the terms or provisions contained herein. 11 . That this - agreement is subject to and shall be governed by the laws of the State of Illinois. Venue for the resolution of any disputes or the enforcement of any rights pursuant to this agreement shall be in the Circuit Court of Kane County, Illinois . 12 . That this agreement shall be binding on the parties hereto and their respective successors and permitted assigns . This agreement and the obligations herein may not be assigned without the express written consent of each of the parties hereto which consent may be withheld at the • sole discretion of either of the parties hereto. -7- IN WITNESS WHEREOF, the parties have entered into and executed this Agreement on the date and year first written above. CITY OF ELGIN, a municipal NORTHWEST, LLC, an Illinois corporation. Limited Liability Company By By Ed .Schock, Mayor Mark Ebacher President of Interstate Partners, LLC, Manager Attest : Dolonna Mecum, City Clerk RAGREE/NWBUSI .DA 11/3/00 _g_ LEGAL ISCRIPTIQN PARCEL. 1 THE EAST 1/2 OF THE SOVTMST 1/4 EXCEPT THE SOUTH 10 CHAINS) MND THE EAST 1/2 OF THE WEST 1/2 OF THE SOUTHWEST 1/4 (EXCEPT ZHC SOUTH 10 CHAIN5� L 1N SECTION 19, TOWNSHIP 42 NORTH, RAZi,Z 8 EAST OF THE THIRD PRINCIPAL MERIOIAN,AL EXCEPT TMEREFROM THE PARTS CONVEYED BY DEED RECORM WAY 19, 199♦ AS DocuwENr 94K041618 AND BY DEED RECORDED SEPTEWBER 4, 1997 AS DOMWENT 97KO58996) IN THE TOIMNSHIP OF DUNDEE, KANE COUNTY, ILLINOIS. PARCEL 2 THAT PART OF THESOUTHWEST QUARTER OF SECTION 19, TOWNSHIP 42 NC#lTH, RANGE a FIST OF THE THIRD PRINCIPAL WERIDIAN, DESCRIBED AS FOLLOWS; COM ENCING AT THE NORTW*EST CORNER OF SAID SOUTHWEST QUARTER; THENCE SOUTH 09'11 '59" EAST, ALONG THE NORTH L I NE OF SAID SOUTI'9WST QUARTER, A D I STANCE OF 1761.17 FEET FOR THE POINT OF SEOINNINa; THENCE CONTINUIND SOUTH 89'11'59' EAST ALONG SAID NORTH LINE, 208.0 FEET; THENCE , SOUTH 00'48'01" KST, 379.13 FEET; THENCE NORTH WEST P AR'ALLEL. WITH T14E NORTH LINE OF SAID SOUTNM'6ST QUARTER, A DISTANCE OF 208.0 FEET; THENCE NORTH 00'48'01" EAST, 379.13 FEET TO THE POINT CF BEGINNING, IN Dt1NDEE TOWNSHIP, KANE COUNTY,. ILLINOIS, EXHIBIT.,. LAND FOR NORTHWEST BUSINESS PARK FROM THE CITY OF ELGIN LEGAL DESCRIPTION THAT PART OF THE SOUTHEAST QUARTER OF SECTION 19, TOWNSHIP 42 NORTH,RANQfl 8 EAST Of THE THIRD PRINCIPAL MERIDIAN DESCRIBED AS FOLLOWS: CO LW�NCING AT THE NORTHWEST CORNER OF THE SOUTHWEST QUARTER OF SAID SECTION 19;THENCE NORTH 88°33'19" EAST ALONG THE NORTH LINE OF SAID SOUTHWEST QUARTER, A DISTANCE OF 2652.73 FEET TO THE NORTHWAST CORNER OF LANDS CONVEYED TO THE STATE OF II.LINOIS DEPARTMENT OF TRANSPORTATION AS II.LINOIS ROUTE 72 AS DEDICATED BY DOCUMENT NUMBER. 97KO53M ALSO BEING THE NORTrIEAST CORNER OF SAID SOUTHWEST QUARTER; THENCE SOUTH 01'2733" EAST ALONG THE EAST LINE OF SAID SOUTHWEST QUARTER, A DISTANCE OF 30.47 FEET TO THB POINT OF BEGINNING, THENCE NORTH 88°22'20" LkST, A DISTANCE OF 142.36 I,= TO A POINT ON A LINE 30.00 FEET WESTERLY OF AND PARALLEL WITH THE EAST LINE OF LANDS CONvEYBD TO THE CTrY OF ELOL`I BY DOCUMENT NI.M ER %K081139; THENCE ALONG SAID PARALLEL LINE FOR THE FOLLOWING FOUR (4) COURSES; (1) Tj-M4CB SOUTH 01-37'56" FAST, A DISTANCE OF 156.31 FEET TO A POINT OF CURVXTURE; (2) THENCE SOUTHERLY ALONG A CURVE CONCAVE WESTERLY HAVING A RADIUS OF 767.50 FEBT WITH AN ARC LENGTH OF 266.46 F1ll�T TO A POINT OF TANGENCY; (3) THENCE SOUTH 18°15'55" WEST. A DISTANCE 01, 185.20 FEET TO A POINT ON A NON- TANGENT CURVE; (4) THENCE SOUTHERLY ALONG A CURVE CONCAVE EASTERLY HAVING A RADLI-S OF 840.00 FEET WITH A CHORD BEARINGS OF SOUTH 13"39'26"WEST AND AN ARC LENGTH OF 135.60 FEET TO A POINT ON THE EAST LISE OF SAID SOUTHWEST QUARTER;THENCE NORTH 01°2733" WEST ALONG SAID EAST LINE,A DISTANCE OF 681.20 FEET TO THE POINT OF BEGINNING, CONTAINING 1.593 ACRES OF LAND MORE OR LESS,ALL IN KANE COUNTY,ILIINOIS. F:ADLk2466.00\5WLOL LOT 63 NwaP,DOC& ans 1 1 W l�12�G`0 EXHIBIT 3 v Y+ co o. Jill 5 r 3 AYM b1 t La r .- its Ul PRELIMINARY T .p..,Of No.r+a(=P� ) Is rwr !ar cowtwc`_--_ if!-ir6 ii�aL1'i-'li•_;✓. ..—.:.� ( "�w%"vi•ys.• -,�cy. L: '�Yo �_ �.��, ...w.Y"" t ..�-.- ;...•f.--.-_-.... -J-ZI—'� 1 -'•y, -- jr7 9 .0 y 9 7r •`64 f.yp III:� Ir ( ..nrn•.• t � �( r t� M U N 47 .l .l 50 Y H !! !. >J !. it !/ M /a PCF ZONWG 1 /7 POINT C `g q PORT 2GNINc fl+ I 1 ( ) I tccctcttt ) , '��71�)'"�'l��.'."•ms: y +1 r.laA'A• ' - t. 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