HomeMy WebLinkAbout03-191 Resolution No. 03-191
RESOLUTION
AUTHORIZING EXECUTION OF A FIRST AMENDMENT TO ANNEXATION
AGREEMENT WITH U. S. BANK N.A. , NBC, L.L.C. AND PARKWAY BANK
(Bowes Creek Estates)
WHEREAS, the owners of certain property commonly known as
Bowes Creek Estates on Bowes Road have proposed that the annexation
agreement between the owners and the City of Elgin concerning said
property be 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 First Amendment to Annexation Agreement
with U.S. Bank N.A. (formerly Firstar Bank) as Trustee under Trust
Agreement Dated January 16, 1990 and known as Trust No. 90-004 ,
NBC, L.L.C. , and Parkway Bank as Trustee under Trust Agreement
Dated May 8, 2001 and known as Trust No. 12939 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 Ed Schock, Mayor, and Dolonna Mecum, City
Clerk, be and are hereby authorized and directed to execute, on
behalf of the City of Elgin, the First Amendment to Annexation
Agreement with U.S. Bank N.A. (formerly Firstar Bank) as Trustee
under Trust Agreement Dated January 16, 1990 and known as Trust No.
90-004, NBC, L.L.C. , and Parkway Bank as Trustee under Trust
Agreement Dated May 8, 2001 and known as Trust No. 12939, a copy of
which is attached hereto.
s/ Ed Schock
Ed Schock, Mayor
Presented: June 25, 2003
Adopted: June 25, 2003
Omnibus Vote : Yeas: 7 Nays : 0
Attest :
s/ Dolonna Mecum
Dolonna Mecum, City Clerk