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HomeMy WebLinkAbout25-206 Resolution No. 25-206 RESOLUTION AUTHORIZING EXECUTION OF A REDEVELOPMENT AGREEMENT WITH CHICAGO REALTY VENTURES, INC. FOR THE REDEVELOPMENT OF 53-63 DOUGLAS AVENUE, ELGIN, ILLINOIS 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 a Redevelopment Agreement on behalf of the City of Elgin with Chicago Realty Ventures, Inc., for the redevelopment of 53-63 Douglas Avenue, Elgin, Illinois, a copy of which is attached hereto and made a part hereof by reference. s/David J. Kaptain David J. Kaptain, Mayor Presented: December 3, 2025 Adopted: December 3, 2025 Omnibus Vote: Yeas: 9 Nays: 0 Attest: s/ Kimberly Dewis Kimberly Dewis, City Clerk CITY OF ELGIN REDEVELOPMENT AGREEMENT (53-63 DOUGLAS AVENUE) THIS REDEVELOPMENT AGREEMENT (hereinafter referred to as the "Aureement") is made and entered into this 3 day of December ,2025 by and between the CITY OF ELGIN. an Illinois municipal corporation(hereinafter referred to as the"C ")and CHICAGO REALTY VENTURES,INC.,an Illinois corporation (hereinafter referred to as the"Developer"). The City and Developer may be referred to collectively herein as the "parties" and individually as a "party." WHEREAS, the City Council of the City of Elgin (hereinafter referred to as the "Cite Council") has adopted Ordinance Nos. S6-99, SI-02, S2-02, S3-02 and S4-02 proposing, approving,and creating the Elgin Central Area Tax Increment Financing Redevelopment Plan and Project (hereinafter referred to as the "ECA TIF District") pursuant to the Tax Increment Allocation Redevelopment Act at 65 ILCS 5/11-74.4-1,et seq.;and WHEREAS,the ECA TIF District was established on April 10,2002 and will continue for thirty-five(35)years thereafter pursuant to the enactment of Public Act 104-0322,effective August 15. 2025; and WHEREAS, the Developer is the owner certain property commonly known as 53-63 Douglas Avenue, Elgin, Illinois, such property being legally described in Attachment A attached hereto(hereinafter referred to as the"Subject Property"); and WHEREAS,the Subject Property is located within the ECA TIF District;and WHEREAS, the Subject Property is currently improved with three (3) -story commercial building which has substantial vacancies and is under-performing, functionally obsolete. and below certain minimum code standards for occupancy; and - 1 - WHEREAS,the Subject Property is within the Downtown Elgin Commercial District,and the Downtown Elgin Commercial District is listed in the federal National Register of Historic Places and is an integral part of downtown Elgin: WHEREAS, preservation, redevelopment and improvement of the Subject Property will be a boon to the area deemed of high importance for the vigor and financial strength of the City's downtown business district;and WHEREAS,the Developer has submitted to the City a proposal for the redevelopment of the Subject Property that would include converting two, vacant, ground-floor commercial spaces into a lobby and café for a boutique hotel, converting the second and third floors of the building from mostly-vacant offices into twenty-six(26)rooms for said boutique hotel,and extending new fire alarm and fire sprinkler coverage to all parts of the building on the Subject Property,all in the manner as set forth on those twelve (12) pages labeled "DOUGLAS HOTEL" by OMAT CONSTRUCTION dated November 13, 2025 and such twelve (12) pages are attached hereto as Attachment B, made a part hereof, and are hereafter collectively referred to as the "Approved Project Plans";and WHEREAS,the City Council has determined,and hereby finds,that Developer's proposed redevelopment of the Subject Property as herein described will further the goals and objectives of the Elgin Central Area Tax Increment Financing Redevelopment Plan and Project and assist the City in its objective to create a more economically viable and sustainable downtown business district through strategic development that supports 24/7 activity and connects commercial corridors vk ith residential properties, all of which are hereby declared by the City to be a valid "public purpose"of the City; and -2 - WHEREAS, the City Council has determined, and hereby finds, that the Developer's proposed redevelopment of the Subject Property as described herein furthers the goals and objectives of the City of Elgin Comprehensive Plan in its objective to pursue adaptive reuse projects in existing downtown structures and to continue using the existing ECA TIF District to pro-actively assist with improvements to existing buildings, bringing them to current code standards;and WHEREAS, Developer's proposal for the redevelopment of the Subject Property will result in the renovation and further the adaptive re-use of an important downtown building; and WHEREAS, the proposed redevelopment of the Subject Property would not occur in the absence of limited development assistance from the City as herein provided; and WHEREAS, in order to facilitate the proposed redevelopment of the Subject Property as herein described which will further the goals and objectives of the ECA TIF District, the City has agreed to provide certain development assistance as hereinafter described: and WHEREAS, the City of Elgin is a home rule unit authorized to exercise any power and perform any function pertaining to its government and affairs; and WHEREAS, this Redevelopment Agreement, resulting in furthering and achieving the goals and objectives of the ECA TIF District and the City of Elgin Comprehensive Plan, and resulting in the benefits to the City as hereinabove stated, are matters within the government and affairs of the City;and WHEREAS,the redevelopment of the Subject Property will create job opportunities within the City;and WHEREAS, the redevelopment of the Subject Property will serve to further the development of adjacent areas of the City; and -3 - WHEREAS, the redevelopment of the Subject Property will strengthen the commercial sector of the downtown and the City;and WHEREAS,the redevelopment of the Subject Property will enhance the value of adjacent properties and in turn enhance the tax base of the City; and WHEREAS,the Developer is currently undertaking a redevelopment in Downtown at 11- 15& 17 Douglas Avenue that is scheduled to be completed in February 2026 and has successfully redeveloped projects of similar size in Berwyn, Summit, and Northlake, Illinois;and WHEREAS,this Agreement is made in the best interest of the City. NOW, THEREFORE, for and in consideration of the mutual undertakings as set forth herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 1. Recitals. The foregoing recitals are incorporated into this Agreement in their entirety. 2. 13uildinu Permit Application. A. I)v eloperr shal l tile with the City a formal building permit application at the Subject Property (such building permit application being hereinafter referred to as the "Permit Application"). Such Permit Application will request the permits necessary to provide for the redevelopment of the Subject Property in general conformance with the Approved Project Plans, modified and amended as may be required to comply with ordinances, building codes or other requirements of law (collectively hereinafter referred to as the "Project Modifications"). B. The Developer's proposal as set forth in the Approved Project Plans and as possibly modified by any Project Modifications is hereinafter referred to as "Subject -4 - Redevelopment Plans"and the redevelopment of the Subject Property is hereinafter referred to as the "Subject Redevelopment". 3. Construction of Subject Redevelopment. A. It is agreed and understood that the redevelopment assistance being provided by the City to the Developer pursuant to this Agreement is being provided for the sole purpose of assisting the Developer with the Subject Redevelopment of the Subject Property as described in this Agreement. The redevelopment of the Subject Property shall conform in all respects with the Subject Redevelopment Plan and as otherwise directed by the City to the extent necessary to comply with other applicable ordinances, building codes, or other requirements of law. The Developer shall also cause all work performed in connection with the Subject Redevelopment to be performed in a workmanlike manner. Except as otherwise provided in this Agreement,all costs and expenses relating to the Subject Redevelopment including, without limitation,construction of the Subject Redevelopment Plans, shall be the responsibility of and shall be paid for by the Developer. B. Developer shall, within ninety (90) days of the date of the entry into this Agreement, submit to the City and to all other governmental bodies or agencies thereof having jurisdiction over the Subject Redevelopment (if any) applications for all permits required to perform the Subject Redevelopment in accordance with the Subject Redevelopment Plans to be approved by the City (collectively hereinafter referred to as the "Required Permits"). C. Developer shall commence construction of the Subject Redevelopment on the Subject Property within one hundred and twenty (120) days of the issuance to the Developer by the City and by any other governmental body or agency having jurisdiction over the Subject Redevelopment, of all Required Permits (hereinafter referred to as the "Construction -5 - ('ornrnencement Deadline"), subject, however, to reasonable extension by reason of Force Majeure (as hereafter defined). Developer shall be deemed to have commenced construction of the Subject Redevelopment upon Developer obtaining a building permit from the City for the Subject Redevelopment and the commencement of initial construction activities associated with the Subject Redevelopment. In the event the Developer does not commence construction by the first to arrive of(i)the Construction Commencement Deadline(as same may be extended as provided herein) or (ii) the first business day that is two hundred seventy (270) days after the date of the entry into this Agreement, subject, however, to reasonable extension by reason of Force Majeure, then Developer shall provide the City notice of non-commencement, whereupon, absent any written agreement between the parties to extend the Construction Commencement Deadline, either party shall have the right, by written notice to the other, to terminate this Agreement, whereupon this Agreement shall be cancelled and null and void with no further liability of either party hereunder. D. Upon Developer commencing construction of the Subject Redevelopment on the Subject Property,the Developer shall continue with the construction of the Subject Redevelopment in as expeditious a manner as is reasonably practicable. The Developer shall substantially complete the Subject Redevelopment on or before the last day of the eighteenth (18'h) month following the commencement of construction of the Subject Redevelopment (hereinafter referred to as the "Completion Date"); provided, however, that such Completion Date shall be extended by one day for each day for which construction is delayed or stopped due to accident, strikes, shortage of materials,extreme weather,acts of God,pandemic(including the COVID-19 virus and any variant thereof),government shutdown,public health crisis,undue delay by the City in issuing any required permits for which application has been properly made by the Developer, or lawsuits -6 - or other administrative actions brought by any third party that has the effect of hindering or delaying Developer's performance hereunder(such occurrences being individually or collectively hereinafter referred to as"Force Majeure"). In the event Developer requires any further extension of any of the Completion Dates for the Subject Redevelopment of the Subject Property other than by reason of Force Majeure, any such requests shall be submitted to the City in writing specifying the reasons for such an extension and the amount of additional time being requested. The City Development Administrator may grant an extension of the Completion Date for the Subject Redevelopment of the Subject Property for up to six (6) months in the City Development Administrator's sole discretion, provided that an) such extension shall also be in writing. Any agreement by the City to further extend the Completion Date for the Subject Redevelopment of the Subject Property beyond said six(6)months shall be at the sole discretion of the City Council of the City. E. The Subject Redevelopment shall be deemed"suhstantially completed"when the Developer has completed all of the improvements proposed to be constructed and installed in connection with the Subject Redevelopment, subject to only customary "punchlist" work to be completed,and has obtained a temporary or final occupancy permit for the building on the Subject Property. 4. 1)ev elopment Assistance from City. A. In consideration of the Developer completing the Subject Redevelopment as set forth in this Agreement, the City agrees to provide the development assistance to the Developer set 'brill in this Section 4. In the event of Developer's completion of the Subject Redevelopment, the City agrees to provide the Developer monetary development assistance of One Million Two Hundred Thousand and 00/100 Dollars ($1,200,000.00) (hereinafter referred to as the "Subject -7- Monetary Development Assistance") plus a contingency fund in the amount of One Hundred Thirty-Six Thousand One Hundred and 00/100 dollars ($136,100.00) for unforeseen conditions, extras, labor increases, material pricing increases, Approved Project Plan revisions, delays, and such other like additional development costs of Developer (the "Contingency Fu nd"). The Subject Monetary Development Assistance and Contingency Fund shall be paid by the City to the Developer to reimburse the Developer for Subject Redevelopment Costs (as hereinafter defined) incurred by the Developer in connection with the Subject Redevelopment. Redevelopment Project Costs shall be defined as provided in 65 ILCS 5/11-74.4-3(q),which are incurred by Developer in connection with the Subject Redevelopment and which are eligible under law for reimbursement from the City's ECA TIF District (such costs as defined in 65 ILCS 5/11-74.4-3(q), which are incurred by the Developer in connection with Subject Redevelopment and which are eligible under law for reimbursement from the City's ECA TIF District are hereinafter referred to as the "Redevelopment Project Costs"). Eligible Redevelopment Project Costs shall include labor, material, and equipment costs, and such other costs as may be reasonably necessary for the execution and completion of the Subject Redevelopment as detailed within the 2-page "Estimate for Elgin Hotel on Douglas Ave" from OMAT CONSTRUCTION,dated October 11,2025,as set forth in Attachment C, attached hereto and made a part hereof. B. It is expressly agreed and understood that, regardless of the actual amount of the Redevelopment Project Costs incurred by the Developer, the City's Subject Monetary Development Assistance to Developer shall nonetheless be limited to an amount not to exceed One Million Three Hundred Thirty-Six Thousand One Hundred and 00/100 Dollars ($1,336,100.00), inclusive of the Contingency Fund. As a condition of the right to receive payment from the City of the Subject Monetary Development Assistance and Contingency Fund, Developer shall be - 8 - required to document to the City's reasonable satisfaction evidence that it has incurred Redevelopment Project Costs in connection with the Subject Redevelopment in the amount of the Subject Monetary Development Assistance and Contingency Fund. The Subject Monetary Development Assistance and Contingency Fund shall be utilized by the Developer solely and only for the payment of Redevelopment Project Costs for the Subject Redevelopment in accordance with the terms of this Agreement. C. The City shall pay the Subject Monetary Development Assistance to the Developer in increments at each Payment Eligibility Date(as defined in the following table)as follows: Payment Description of Payment Eligibility Amount of Subject Monetary No. Development Assistance to be paid to Developer 1 Developer has provided to the City Fifty percent (50%) of the evidence that fifty percent (50%) of the Subject Monetary Development Subject Redevelopment has been Assistance, to be deposited into completed as certified to the City by the the Developer's construction Developer's project architect and by escrow at the title insurance such third-party architect as the City company being used by may, in its discretion, elect to retain to Developer for making oversee the completion of the work. construction payouts for the work being performed on the Subject Redevelopment of the Subject Property. 2 When the work required to complete the The unpaid balance of the Subject Redevelopment is substantially Subject Monetary Development completed, as defined in Section 3.E Assistance; provided that the hereof, as certified to the City by the City may hold back an amount Developer's project architect and by estimated to be the reasonable such third-party architect as the City cost to complete all punchlist may, in its discretion, elect to retain to items, if any. oversee the completion of the work,and when the Developer submits to the City: (1) an executed, notarized itemized contractor statement reflecting the total cost of the work required to complete the Subject Redevelopment and each portion thereof,including but not limited to, the cost of labor (whether provided by any contractor or subcontractor), -9- materials and equipment; (2) copies of all bids, contracts and invoices submitted, executed or incurred pursuant to the work required to complete the Subject Redevelopment; (3) reasonable proof of payment of all costs incurred pursuant to the work required to complete the Subject Redevelopment; and (4) lien waivers from any all contractors and subcontractors required to execute the Subject Redevelopment Plan. D. Developer may also request the City to disburse up to fifty percent (50%) of the Contingency Fund for eligible expenses in conjunction with the first Payment Eligibility Date for the Subject Monetary Development Assistance in the proceeding subsection C, provided that(1)the Developer first provides to the City evidence that the Developer has already spent at least One Hundred Thirty Six thousand and 00/100 Dollars ($136,100.00) for unforeseen conditions, extras, labor increases, material pricing increases, Approved Project Plan revisions, delays, and such other like additional development costs of Developer, and (2) the Contingency Fund work was reasonably necessary and has been completed as certified to the City by the Developer's project architect and by such third-party architect as the City may, in its discretion, elect to retain to oversee the completion of the work ("Eligible Contingency Funds"). The Developer may request the City to disperse the unpaid balance of the Eligible Contingency Funds when the work required to complete the Subject Redevelopment is substantially completed, as defined in Section 3.E hereof, as certified to the City by the Developer's project architect and by such third-party architect as the City may,in its discretion,elect to retain to oversee the completion of the work, and when the Developer submits to the City: (1) those items required within Section 4.0 hereof; and (2) a written explanation of the unforeseen conditions, extras, labor increases, - 10- material pricing increases, Approved Project Plan revisions, delays, and/or such other additional development costs of Developer. The City may hold back an amount of the Contingency Fund estimated to be the reasonable cost to complete all punchlist items, if any. E. The City shall be permitted access to the Subject Property to periodically review the progress of the work associated with the Subject Redevelopment. Such review shall not be in lieu of any other inspections that may otherwise be required by law or by the City. Any and all portions of the work associated with the Subject Redevelopment which do not, in the sole discretion of the City, conform to the Subject Redevelopment or other applicable terms of this Agreement, shall be made to conform to the Subject Redevelopment and other applicable terms of this Agreement upon written notice of the existence of such non-conforming portions. F. In addition to the Subject Monetary Development Assistance and Contingency Fund to be provided to the Developer as defined in the preceding subsections of this Section 4,the City also agrees to grant to the Developer during the construction of the Subject Redevelopment temporary construction easements on City-owned property adjacent to the Subject Property reasonably necessary for the construction of the Subject Redevelopment. Such temporary construction easements shall be in a form approved by the City's Corporation Counsel. G. The parties understand and agree that the Subject Monetary Development Assistance, Contingency Fund, and the other assistance being provided by the City to the Developer as set forth in this Section 4 are expressly subject to and contingent upon the Developer completing and maintaining the Subject Redevelopment as set forth in this Agreement. In the event the Developer fails to complete the Subject Redevelopment as required in this Agreement, or fails to maintain and operate the Subject Redevelopment as described and required in this Agreement, the parties understand and agree that the City will not be providing the Subject - 11 - Monetary Development Assistance or Contingency Fund. Upon the occurrence of an Event of Default on the part of the Developer (as defined in Section 9) then, in addition to other remedies available to the City at law, equity or otherwise, the City shall recover any Subject Monetary Development Assistance and Contingency Fund previously paid to the Developer and may terminate any further and other assistance being provided to the Developer. 5. INTENTIONALLY OMITTED. 6. Subject Redevelopment to Remain on Subject Property. The Developer agrees that, except as otherwise agreed to in writing by the City's Director of Community Development, the Subject Redevelopment shall be maintained, remain,and otherwise continue operating on the Subject Property for a period of not less than five (5)years following the date of this Agreement (hereinafter referred to as the "Redevelopment Term"). Nothing herein is intended to limit, restrict,or prohibit the Developer from undertaking any other work in or about the Subject Property that is unrelated to the Subject Redevelopment provided for in this Agreement. 7. Assessment of Subject Property. The City and Developer agree that the Subject Redevelopment should be assessed for general real estate taxes in the manner provided by Illinois Compiled Statutes as they may be amended from time to time. This provision shall not be deemed to prevent the Developer or its successors or permitted assigns from appealing or challenging assessments against the Subject Redevelopment which Developer or its successors or permitted assigns consider to be contrary to law. Notwithstanding any other provisions of this Agreement to the contrary, in the event the Developer conveys the Subject Property to a for-profit entity during the Redevelopment Term, then any such successor owner of the Subject Property during the Redevelopment Term shall not do any of the following: - 12 - A. Request a full or partial exemption for general real estate taxes for any portion of the Subject Property or the improvements thereon; B. Request a partial or full abatement of general real estate taxes for any portion of the Subject Property or the improvements thereon; C. Request an assessment at a value not otherwise permitted by law. 8. Compliance with Laws. A. Notwithstanding any other provisions of this Agreement,it is expressly agreed and understood by the Developer and the City that in connection with the performance of this Agreement and the redevelopment of the Subject Property with the Subject Redevelopment, the Developer shall comply with all applicable federal, state, city, and other requirements of law, including but not limited to, any applicable requirements regarding prevailing wages, minimum wage, workplace safety,and legal status of employees. Without limiting the foregoing,Developer hereby certifies,represents,and warrants to the City that all Developer's employees and/or agents who will be providing products and/or services with respect to this Agreement shall be legal residents of the United States. The City shall have the right to audit any records in the possession or control of the Developer to determine Developer's compliance with the provisions of this section. In the event the City proceeds with such an audit, the Developer shall make available to the City the Developer's relevant records at no cost to the City. Developer shall pay any and all costs of such audit. B. In all hiring or employment made possible or resulting from this Agreement,there shall be no discrimination against any employee or applicant for employment because of sex,age, race,color,creed,national origin,marital status,of the presence of any sensory,mental or physical handicap, unless based upon a bona fide occupational qualification, and this requirement shall - 13 - apply to,but not be limited to,the following: employment advertising, layoff or termination, rates of pay or other forms of compensation and selection for training, including apprenticeship. C. The City agrees to waive and not require the Developer to pay any building permit fees, impact fees,water tap and water meter fees. fire alarm and fire sprinkler permit fees,elevator permit and initial inspection fees, plan review fees, engineering fees, food handling permit fees, and occupancy permit fees, collectively referred to as the "Development Fees," which would otherwise be due and payable to the City in connection with the initial establishment of the Subject Redevelopment. Said waiver of Development Fees does not include any subsequent annual permit and/or inspection fees owed or otherwise required,and said waiver does not include any fees owed or otherwise required for the sale of alcoholic beverages, including but not limited to a liquor license. Any and all permit fees, impact fees, recapture fees, or other fees that may be due and owing to any other governmental entity other than the City shall be paid by the Developer. Developer shall also at its expense secure all permits and licenses, pay all charges and fees not expressly waived by this subsection C.of this Section 8,and give all notices necessary and incident to the due and lawful prosecution of the work necessary to provide for the Subject Redevelopment as described in this Agreement.City agrees to expediate the review of the applications for building permit related to the Subject Redevelopment. 9. INTENTIONALLY OMITTED. 10. Default. The Developer and City agree that an"Event of Default"shall be deemed to have occurred with respect to either party if(a) such party materially breaches it obligations hereunder and (b) such breach remains uncured for more than thirty (30) days following written notice thereof to such breaching party by the other party; provided, however, that if the nature of the breach is such that it cannot reasonably be completely cured within thirty (30)days of the date - 14- of such notice,then so long as the notified party commences such cure within said thirty(30)days and thereafter diligently pursues the completion of such cure in good faith, then such the party shall not be deemed to have breached this Agreement and the other party shall not seek to enforce any remedies against said notified party. 11. Remedies. Upon the occurrence of an Event of Default with respect to either party (such party being hereafter referred to as the"Party in Default"),the other party(in such context the "Aggrieved Party") shall, except as otherwise provided in this section, be entitled to pursue any and all available remedies as specified herein or otherwise available at law, equity or otherwise.Notwithstanding the foregoing or anything else to the contrary in this Agreement,with the sole exception of an action to recover the Subject Development Monetary Assistance the City has agreed to pay pursuant to the preceding Section 4 hereof,no action shall be commenced by the Developer against the City for monetary damages. Developer hereby further waives any and all claims to interest on money claimed to be due pursuant to this Agreement and waives any and all such rights to interest which it claims it may otherwise be entitled to pursuant to law, including, but not limited to, the Local Government Prompt Payment Act (50 ILCS 501/1, et seq.), as amended, or the Illinois Interest Act (815 ILCS 205/1, et seq.), as amended. The parties hereto further agree that any action by the Developer arising out of this Agreement must be filed within one (1)year of the date the alleged cause of action arose or the same shall be time barred. 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. The provisions of this Section shall survive any termination, completion and/or expiration of this Agreement. 12. Time. Time is of the essence of this Agreement. - 15 - 13. Notices. All notices herein required shall be in writing and shall be served on the parties at the following addresses: If to City: City of Elgin Attn: Richard Kozal, City Manager 150 Dexter Court Elgin, IL 60120 Email: kozal r@cityofelgin.org With copy to: City of Elgin Attn: Christopher Beck, Corporation Counsel 150 Dexter Court Elgin, IL 60120 Email: beck c@cityofelgin.org If to Developer: Chicago Realty Ventures, Inc. Attn: Ayman Mryan, President 3108 Oak Park Avenue, Suite 1 Berwyn, IL 60402-3061 Email: a.mryan@outlook.com With copy to: Any such notices may be sent by (a) certified mail, return receipt requested, in which case notice shall be deemed delivered on the date of deposit,postage prepaid in the U.S. mail or(b)a nationally recognized overnight courier, in which case notice shall be deemed delivered on the date of deposit with such courier or(c) by email to the parties at the email addresses, in which case notice shall be deemed delivered upon electronic transmission or(d)by personal delivery.The above addresses and email addresses may be changed by notice to the other party,provided that no notice of a change of address or email address shall be effective until actual receipt of such notice.Notice on behalf of any party may be given by such party or its counsel to the other party and/or its counsel. 14. Interpretation. This Agreement shall be construed, and the rights and obligations of the City and the Developer hereunder, shall be determined in accordance with the laws of the State of Illinois without reference to its conflict of laws rules. - 16 - 15. Relationship of the Parties. This Agreement shall not be deemed or construed to create an employment,joint venture,partnership,or other agency relationship between the parties hereto. 16. Failure to Enforce Provisions. 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. 17. Amendments. This Agreement may be modified or amended only in writing signed by all parties hereto, or their permitted successors or assigns as the case may be. 18. Entire Agreement. This Agreement and its attachments contain the entire agreement and understandings of the parties hereto with respect to the subject matter as set forth herein, all prior agreements and understandings having been merged herein and extinguished hereby. The parties agree that no representations or warranties shall be binding upon the other party unless expressed in writing herein or in a duly executed amendment hereof. 19. Joint and Collective Work Product. This Agreement is and shall be deemed and construed to be a joint and collective work product of the City and the 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 and provisions contained herein. 20. Assi<gnment. This Agreement shall be binding on the parties hereto and their respective successors, successors in title, grantees, and assigns and shall run with the land. A memorandum of this Agreement shall be recorded by the City against the title of the Subject Property.This Agreement and the obligations herein may not be assigned by the Developer without the express written consent of the City, which consent may be withheld at the sole discretion of the City. - 17 - 21. No Conflicting Interests. In compliance with 50 ILCS 105/3.1, Developer shall provide the City with a written statement subscribed by an owner, authorized trustee, corporate official, or managing agent of the Developer, under oath, disclosing the identity of every person having an interest, real or personal, in the respective entity, and every equity owner entitled to receive more than seven and one/half percent (7.5%) of the total distributable income of the respective entity. Such disclosures shall be in writing and in a form as forth in Attachment D hereto. 22. Indemnification. To the fullest extent permitted by law, Developer agrees to and shall indemnify, defend and hold harmless, the City, its officials, officers, employees, attorneys, agents, boards and commissions from and against any and all claims, suits, judgments, costs, attorney's fees,damages or other relief,including but not limited to workers'compensation claims, in any way resulting from or arising out of or alleged to be resulting from or arising out of the negligent actions or omissions of the Developer in connection herewith, including negligent acts or omissions of the Developer's employees, agents, contractors, or subcontractors in the performance of the redevelopment work contemplated by this Agreement,or in any way resulting from or arising out of or alleged to be resulting from or arising out of any violation and/or breach of law by the Developer or its employees or agents. In the event of any action against the City,its officials,officers, employees, agents, attorneys, boards or commissions covered by the foregoing duty to indemnify, defend, and hold harmless, such action shall be defended by legal counsel of the City's choosing. The provisions of this Section shall survive any termination, completion, and/or expiration of this Agreement. 23. No Liability. No past, present, or future elected or appointed official, officer, employee, attorney, agent, or independent contractor of the City shall be charged personally or - 18 - held contractually liable under any term or provision of this Agreement including, but not limited to, because of their negotiation,approval,execution, or attempted execution of this Agreement. 24. Reports. Developer agrees to and shall provide to the City written reports on the progress of the Subject Redevelopment. Such written reports shall be provided to the City on a quarterly basis following the entry into this Agreement and shall continue until the Subject Redevelopment has deemed substantially completed. 25. Acknowledgement. Developer, on behalf of itself and its successors, assigns, grantees, and lessees of the Subject Property hereby acknowledges the proprietary, necessity, and legality of all of the terms and provisions of this Agreement and does hereby further agree and does waive any and all rights to any and all legal or other challenges or defenses to any of the terms and provisions of this Agreement and hereby agrees and covenants on behalf of itself and its successors,assigns,grantees,and lessees of the Subject Property not to sue the City or maintain any legal action or defenses against the City with respect to any challenges of the terms and provisions of this Agreement. The provisions of this Section shall survive any termination, completion,and/or expiration of this Agreement. 26. Severabilitv,.The terms of this Agreement shall be severable. In the event that any of the terms or provisions of this Agreement are deemed to be void or otherwise unenforceable for any reason,the remainder of this Agreement shall remain in full force and effect. 27. Counterparts and Execution. This Agreement may be executed in counterparts, each of which shall be an original and all of which shall constitute one and same Agreement. This Agreement may be executed by electronic signature, which shall be considered as an original signature for all purposes and shall have the force and effect as an original signature. Without - 19- limitation, "electronic signature" shall include faxed versions of an original signature or electronically scanned and transmitted versions(e.g., PDF)of an original signature. IN WITNESS WHEREOF, the parties hereto have entered into and executed this Agreement on the date and year first written above. CITY OF ELGIN: By: avid J. apta. . Mayor Attest: im Dewis, 'ity Clerk DEVELOPER: CHICAGO REALTY VENTURES, INC. By: L' Ayman Mryan, President -20- ATTACHMENT A LEGAL DESCRIPTION OF SUBJECT PROPERTY PARCEL ONE: THAT PART OF THE NORTH 110 FEET OF LOT 5 IN BLOCK 17 OF THE ORIGINAL TOWN OF ELGIN, IN THE EAST SIDE OF THE FOX RIVER,LYING WEST OF THE WEST RIGHT OF WAY OF THE CHICAGO AND NORTHWESTERN RAILWAY COMPANY, IN THE CITY OF ELGIN, KANE COUNTY,ILLINOIS. PARCEL TWO: THAT PART OF THE NORTH 110 FEET OF LOT 5 IN BLOCK 17 OF THE ORIGINAL TOWN OF ELGIN, IN THE EAST SIDE OF THE FOX RIVER, LYING WEST OF THE EAST RIGHT OF WAY OF THE CHICAGO AND NORTHWESTERN RAILWAY COMPANY, IN THE CITY OF ELGIN, KANE COUNTY, ILLINOIS, EXCLUDING THEREFROM THAT PART OF THE NORTH 110 FEET OF LOT 5 IN BLOCK 17 OF THE ORIGINAL TOWN OF ELGIN,IN THE EAST SIDE OF THE FOX RIVER, LYING WEST OF THE WEST RIGHT OF WAY OF THE CHICAGO AND NORTHWESTERN RAILWAY COMPANY,IN THE CITY OF ELGIN,KANE COUNTY,ILLINOIS. KNOWN AS: 53-63 DOUGLAS AVE,ELGIN,IL 60120 PERMANENT INDEX NUMBER: 06-14-280-006 ATTACHMENT B APPROVED PROJECT PLANS (12 Pages, Not Including This Cover) . II I �t,,' GENERAL NOTES ' ; .ot ..,....41° a e.s,wMO MARL.auo a wi nwYmO.aOSS,lou �`.� • iii w,r.uw.uiwcmy ms rome''w wrr°BOtie,e.onmrnr�a,uro ,w.00 • wean•LGA01.1 COOMON9 MOM MTH owe. 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(T05)54,-11,51 -":: --''''' 's ijit.iiii ir11 ii i ANCORTOS -..._ •=....I .=.74, ' ..---- 3 I . .. .., „„...., •. . 1 .., 1 ...... • t 1 .., • ...... , ..,. • • • . ... _. ,... :mg • ---) 1—, --i, Li L., 0 1=111 Ulm _ _• I 1 I I k i .:10•71 111'!-).• - 111 •• .,,,,....771 c:;.--:,..._..i..r— - 6 _ ...1 1-7 - r_[... „.___ .. —I. i ,'-' e .: 1---\.---1 I I • 1.1-2 - .., . . . ....--, - i J-.... 1. ..,.._., . . I 1 . _Li . L._=...__,•• i In _ __ _ ri t j . :---- *--1 1 .. . , i,.. , -i , I NOE J,S:Ot.110•4 .C. —- 1111 _ . loO•1935 010.10K*OrTTIOOT • . , . L----- ..__ ____T,, 7-- E --E— . . [ , - . ., I IT i .11: n - - -- --- - THIRD FLOOR PLAN _ .L.-7._ _I • •• ,jilik • • Nis = / DOUGLAS HOTEL 'Ktli7J "za2s ''- ).. Al 03 3, PH AS SHOWN ___ • I I I I I CEILING NOTES; .< - r.' � tt ems. .w. „mes fl,eM,.oe5.tlblp''0v.onmaaCe. IA.. „. -. .> a v rcr.,ro ovn..olvfwr.v ` `mNM'a l.oelc WA MO <•CI rMF.o44fc*..MwfYOM�iMYa NIWOn On, r.. :.:i i'StO.CO: in:CI 2 pjR � � r,4441 .13111c.lamtw ww.wrrl P, 1gp5.00501aF11,OM •00u w...vo.aoolncwn.,su ,"o`,,,,,,mirai uowogo p.o e., 'x•«:) i5. acrCuRaavo CreCIP1.0014 AM TN,CO.MO POMMY PRO,.Pr.* A On IPPIT.VIONI WOO*See 0041103. A MI I MM.MI rA I Fa E •2 CA.MP: PM "w'aw>..wa.awCOM"..,w w.o°V"'ao.>ro 1 ill m nay.uo s.•a,..eo.aMKT% 0..,e+. ...r,o.,w•.rn+.,,,,so.w son MOCO O..OPKW d •oases v.•ro r.w,.smc,..•w,s,.,so,«..m v.MA.0..M.f0Mw C`OK rA[i.r,�o wPALO, : wtOfFK) 4 Rfi�.YMa VI�Oa:;:: ` M. ao.,vvia...aww 1OIsi no:nr.,.PO0 oawA. bA,r« .icm..n..0f 2401200e 201w0 sr • • TAR NOODv*..wiea l.«ON.tlr n o>>•,zi C.55,e: ▪ n...MOON. `r e., mTIKO«s.1oo.,. Ca':"``M0 wOMPOiaorueW q DM@MTV 2 «ry a,v..a st .0ao.«.ol.,...w>,.cwnso or.«.. w CCIMI IA4 rWOw.eE .:K 1.0 cf.....auobK _ 'n,oew.:e..o.v6PRAM "`Pmw ,eewiroww¢wn P.MP0oa ,•`•« "T0. wws...w.a.a>n.`r':mwrW.ro sAio.�`!„�,E... Nlesoeeo a�..e.K,..O n::'ii` p4 '9lnoom alW o[rn 1c an:vr..l r.:i)a..vcs 0 1 • .5>:»-a.a.],uses w axis ptcRo .s.6os.I .1.PC oases 'M .us,.anO.i m.s Cr me°�iamn`)OOM01 ,o+ .1S1.Alsav.v)ID r. )=sr o- tix0-0590`... .O.=x= o.vem .wv.mlo...0wTO ns. ,aam 9aNf•.01.9VI.MOO.TO AVOID nC` f.m� .CA AC/04M PULL1. 4,«cCac m`�a0 gcm•vc Or.PAYOP NOW.PP COX WOW CMAN CO..EL1...,m..cor.4o... - APONLOPOirt ..C ..0504 a.. • • 01810.7 a>..WO M w.0.an,F> ".' — COI 0000W n.,aWe',rl,..wlC 011.1414C44M OMOOe (...)el,i)5a n wiannmw.so`�'AO.If.un.aao n,Crlcrn,f....wnvau.Hoa9 33 453000115 • ME 7I M 0341401,00404 0mIB14 0/o ,IA,«.ra'�c .cfC.O...f000.t,EN.A.DRf, My erstem...WO __ '.CUID0�im04f•).n ooto V.i. .�� a01F5 �Ae 4,11..abY,A1`,w. �: 04134311120.2041 ,u,..a,f.ou - (— of — , lam ; � a� F..,....,...,......„.„...„.:.1 .--.::;.::::,----,......„,:.,..,:..,.: 0, a r 1 _ { A E o e + hill • 1ST FLOORJ �� •..F1'.o '�_'.' CEILING PLAN : —3r, .—,. ; o s: `:o ca � A HOTEL tUv o v v v v v ---____. p 0 a �- \ \ / au,ly Al 1 / \\ ar P.N • 1 Flit Nou INtln O.li lenal C .clan I SC._S ye.r0 I AS SHOWN I ` I 1 ---- ---- ------- --- - QMAT 0 0 1 6 11118CTEN ..att,..0 00•..0lvft C.u[., ,nmwan .------ y.s•r ,ouwaaosswa anwowuc.an i?)PTO T`,7lam- V r C 0.'pi.W,.e.• .0i .x.s$..vas j IG1 lu c .13830Y a l f .oY 63).,_.,o„ice. .,eacwrte ,.---n---0 - r ., .aia J -+ j r-1 _ _ 11 : ( � I T 1 .—�i--1 —_ G --- -amor ]i rV ).,. )s:aimv SECOND FLOOR ri i 7� R J REFLECTED / t CEILING PLAN 12(\Cam_ DOUGLAS HOTEL Second, ia'c:, v noa..a..a,.a,c[wr,ri. vo 2 8 ia3.i O ,, )a,,.r Al 12 ,r P.IL .. AS SHOWN • l I 1 I - I - oo1anmcawn 11,4077.AM,MI r MUMS 11$13101001,00111.000 oaNePAn...w.r rw wmrwllox I car.Tar rs:34.401rLS ra:aa.a.x3,rxi w}MT w Pao-svwA.<w._x: :r C0,000 In r¢3.6-1I1,4 <OYS O'rs.<rtr OTT r.•. ears laws ( i• aV.G Mi?SOP,U. - - • OOr OIMAr rSi W' PO0.3Ar100 nr-: IOFlv2oi. 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'_a'"w a°•'010Cto i:.r.m 1Fro3eu"' Xi c uaasor a 001.Ota>.S . ,tONW.1[J : )1pr}ii.:10/SI/)ON 0 NM I I .d4)k 0 soo Ss,_a,m 1:-... - -- Ka R.NW'n�RIO fY®IC wLO.e1oO •H00.T) _ ' NOMMLeCM1K.MLVMf,TIM•IX•O,1gM0Y1.M MN10.010°s w,M:11•2.2 1Y0•�•1`• np aE,. Na11O1.0OR1O•••••••ONS1OK. O .y,.f �_� OOMig00:O:rgNMthOWN.NmN,RAMC J ��Y to ruedlw:aMOOCMPEe la .•osswa >116Tta00a[IaMOFD RYI II1II(�III�-- rl 7,1I//�-•-/ \ TAUT O 1/T•I P I ' l - " •x 0,..vADtlnlv21=0..alw MOBS i.:'-.L,•. L'�r: .�i C,O•NtpeRAMNOTs r t,r .... .:, iy::r , '` :w 1.12/0 o.•'i1c,•'°" 'O+m:ne1•nm ,'ij'+,,): !Fr��i•.e „./.TN)�'•w.J?'.[1)�..L'i��Y'. :'e4/.•4.:"sue•`i,. F TON Ma, ••' r; -rr ✓~ / - •f it3. � �;i•,-t h %I, ,v•„ F J1',' Y1 ISM t r:+S�;22f 3 .uwwla weai0 R1s a.ac a L,a:� l �. L ) !Y J •• �•i1Pw002i.10:• 1 LK ilada e'•00.t r•••••• ' r.^v r` s n s i"•» rNr •` l j o $;;r-..tt vd v.3 -••d/ u '%aS .e•.e . i�s_,l-�. ,r Y� 3 s r.� �� `i i.> ,s 1 aALLOMe.wr•c1u s ,1:,1•12N., K 'L i. Sf• t: X3n;,;.1k/• fa 20 .j , E.Lja,�t! ° C `'. p �rx`�3 +•"r`1="s.�( Jisi &fa jt' °" ""vu.K2 MY 1.19N.:CI,aat No eon :a.ac Y� 1 ia,> ) ) .F Y'A'4 T1 1riF r' • MAT.eEWNp1NOe..00A w"KAinomOv..10.oc '' 'i '� 1 C r i,i. L F ry F}55CxYj.{Z�r A r) ib t ,. a RMONMW AVALI NCO., y at .� ..r..+ f n t rGs' y- x- Na.:uwMN.TRTT:.i k,.. .y ,E,. i,,� 7 Mi r}- �Y;;,/.z C�7M, !: RA CLAANAao5w.a� aow°°.�.eaNN.viven _ ' .`',rs_r }r x R4` /.t E 44i+i5.,A. A)i i."•tat ' •`".72,°�CalTakow.c,..... L z�r`. ••'`Y�°''l cam, , H,s n n 1 I KITCHEN OPERATIONS NOTES: �. 101 icn}: '`�'r:ii ;?,' •vl > ,1m'w,o•+>1'w,rmN.,r•Ann On` w,w,"`•.w.. 1111211 ,I'...�.''',.J'.1'.>S tV. 344, rtT if I 01910.4 . ,ox .tl,1li1C00•M,G1 — OBavMYN�• ORt.'RERS . 0▪ mO1001e01000 OaS„Crl'E I?•t•P ° 11pr•QT. •1e'— ..0.1wlpaR.Td{T..l:e MEMO ROaws�e cox R maw. YW,al:on AMR. /Ne N,R.at, s,0 :OICO 00 eM1 o0 Cab IA Ml• MITE 1 •Md1!OOD:wxp1N0 ).l: )iS:a:>ll�r ee.wM w 1c.e,a.mno.N aNq lv,Mlef ONRIPon RME • anncA,.0wa.r isnwerwK.oew CHINMEEIVI_ r...3(31...51.003 or wNt.nerP NRwe[,ar AT • > .aw.rnor000Nlltrt.odnPw oow,1.•ER,•6e eslnuEouraerr e.5o AA. am NvpwE °ro•� __ ▪ 'b•C•i e•M•,ON 0[0 MINT .iNlltO No NYMAN IV 0 L, ,l0 �� W S .0TPMO0wq ro0WNW CONY NMTOMAWS 6/8 eer.9.ctolbO.s« wmatR age rem re CA :e:b,.1 .,.0, 1•IEOf Architectural Enlarged MOO MP 1.Nt Tlu!>W.CTMo 11M.0ee.aifao 31 103.51! 1M TmoiTiatso d sere Ai.1.1.1.1•1.01,0.CSIRR1r,lM50Kt3 .Qt1EM COHN/!ER QMOWVAC.. Y00.11 . IA AA, r -- .pO1aN RA.... 1 R O.AMIC. e01.11�t* .RA SW . SW 1 VIOeo1N{BlaaE T0CN0R.•.CIUNR 35 1WJi.OS5a1+C ,i .0..N► lee It leee0Nml.NT3t .vN,. IM.b.r m lerss atr MP DOUGLAS --_ 1> PCOICOIN.POEoIEi oalt OOP a3TO1110.16 1 P TAYr•fr Ile NON3,.R. Rmecr >N HOTEL •> v,ao CI yr.._[S 5 _x 232. )a.er A4O1 nrLm1T 3 . a. — su e AS SHOWN I I I I I =g:1 :X�y�:•: :p FS`• :[Z:-2=:te:::a„ r:l•.�,d".. .t., +,a �:awa-3.�a::. - .•o,l<.."o o�•.oe.no...". F. ]"T _' l s 'i?1ss.rS; Lz tht?1...44....>.3%Y;t3i.irk:". . wr __ _ D l 1tt,,,' k-4d�ZJ'9 �:+Nr t 5`x}i:�+Yi; r:MI*av aw�wm.aa....+ r.t5�xn�Z�};' x_ Y,y�,3}`'Ka�i+�(iis"" ___. Q-_ r cw:uisn ''1'fy'Xt i`' !N'>'"1fr..•• hx� I,Y. P. _ I In}I�-r�� I aa.::Daw twls_o" :i S'4 e �' t'�i' n'i,�3Fti�'r A G Ztw+< _ / - , I i c 4, i r xi$, i,v �i'r�.'�'rnY�,S.r1aS F .r — 77/ _ j '�` . -i r� :..._-_,..—:if _ _ • • t 1▪ Z ti i.,, ., •<- rya u�C".c mi �'t C. *•s•,t.9�cL u — •— , • L F r C_ x.;• %y ya�8{ �054? �C 3 r ' _r -tya t 3• o waAtnr de 1M� a. i ti` I i. r 7`7°t:1 ",y]'at- .a•>mr r<,r W.V.33.wws (- _ ,x.[+o"r3J^ •h "a t3'+", *. —— — I s,>_awvo.::DJro a sr'ol t• • _ r 3 :rcorrosaro 3 ac I� 3. L M1 ;'I ■I Y,f'1.4 �� iO3:5 0:,ray m 0 • r o 0,rr-,c _ — aaj c .•>as0.On O CWlMS-• I—= — _ r ,J`OS JC:vs:ro •1I 5 r-� 1 ▪ I `..3 r r rt saw I 3 a` .� LISLfrZ.`4,44,r-tL(C14 y :' .t Yrt(SJ' KM reS ,tea t▪ � i;;,a;, {t a Hfii•` . `-., ?. �'aauuorvwcu ROcw..tt.n .a: 0 _ PLUMBING FIXTURES: O aewuae a VAPIONW a 40VC.°oo w%Ke Vimat VOWtvAl.ROW,rawwc woo,it *m,:::w.vaw+onm r•,'O :wowwr.s>m.e`MINE* krri•S :Y�'•.;..1 -..�FV i :..nV-}.: . '%'tr.•.,�-"7ti -r•a) wow.*...:�.n u.aw... f:j :i,N.'?�?i:..s. :•11..'- r'i!1.-. .:.;,.. ?'>1S..:.t •r.t t ),:'C` ..1'; 3 i I. G:5 �F.3J`�si? f ai >`>e 4t. i` �'•'''. . W Ova ww<wt nei wz�aamu !eP5 WaMAITACa r[Ywmnwc wow'n,wi II0st £ 5-ti 1- ,I.''''`..,.,. _ t. �- • Y' ,, i j -S ` 7S .r y`',4 1•. r4' %. wwww.us .>a>w rcu:cz ,cn+w,a , f h t 6 V 3 ./ ) 1 W.awawa•1.MM.w.wraa,ln•ODw"nw,nx<wa:ur"D,ro:xro ' i '* ; ▪x SrS t. i5' 'r 701:' `-,x'� -• - � °0'�`..aw.�°ru:.ua`:�.,:r."..«."... 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St.,- - 0 5;7!,r.17 Archltectunil AS SHOVON _ - I 1 I I I aeno.r On,/.a/rtta.Inr> *maws -rwW.rsr tgq/M(TEOIOMIUM OiiM.lii Mal /' .**. — " 11 114 OD11M II i C:x3-r I.I I. 34. tr/LS JI. CS 11 t_)JvDIT VT]13C1 11 S.,:%4 0%WO TO i..3:Si O* 11;- rr ..3)-j•I v..IvO,TX: ->r ' ! /��I IyyI 1 1 II Y.tO.ISI.JVOS 1j I f-- -- --J M tr.... i II II 11 ;KT%,_pu II 11 11 = /' 11 11 -- 11 / II II II IP 11 II 11 11 If II I I 11 II 1/ 11 1 II � \\`• 11 II I/ 11 1 1 /' `---II-II 11 II 11 ;1 II 11- 11 /. • 11 11 I; 11 I/ II It OO \\\ jflf II Ilni.s's eons �\ \\1\ _ - / I I1 / \\ \ r I - I II �' \\`\ --jd�%�'''' _-11 fO r 4 �r - 741 i��. ''`` ` • ``�''^ I I IN I ` III II `� � ; p •p1 Y\` ' l I .-- r 1 - -- _- / \ InI - 1I\ - _ i� -:IIIL-S / \ i II II \ nu Jul I — I1 ` /111 II I : ,� ,' II l: it ' /I 1 I1 1, II '� IIII -� _� 1 IIII II 11 F�- II I1 II — L — r:A : iiii I s L t �f :i: - -r-------------------rt�-->------- 1 1 1 / -_ III: I 0 1 : II Ir ::U Ai I t ....es �wwOnr r v I r :1 - nu I --I II qL - 1 I I- 'LI ==J Lilo 1 I 111 I - I lilt , THIRD FLOOR • _---- --------------____-- -_- DEMOLITION PLAN ; r•aoj DOUGLAS HOTEL 'OZIZ1 SliI VD -I IT Jwv D103 3r PH Ose n_,t .Il oo/ouno._g n--- --- A45MD3M1 ATTACHMENT C SCOPE OF WORK AND ELIGIBLE REDEVELOPMENT PROJECT COSTS (2 Pages,Not Including This Cover) •, MAT CONSTRUCTION Construction & Management Group Estimate for Elgin Hotel on Douglas Ave 59 Douglas Ave, ELGIN IL 60120 October 11, 2025 Trade Estimate SOFT COST Architectural Design, 130500 Structural Engineering Mechanical Engineering Electrical Engineering Total Soft Cost 130500 GENERAL REQUIREMENTS Demolition 75300 75300 MASONRY MASONRY&other brick work 65300 Sub-total Masonry 65300 ROUGH& FINISH CARPENTRY Rough Carpentry Labor& Material 120000 Finish Carpentry Labor&Material (Millwork, Cabinets,..) 20000 Sub-total finish carpentry 140000 ROOFING& MOISTURE PROTECTION Flat roof material & Labor 70000 Insulation material& labor 100000 Sub-total roofing&moisture protection 170000 DOORS, FRAMES& HARDWARE Wood doors&frames 31500 Wood windows 32000 Sub-total doors,frames& Hrdware 63500 FINISHES Flooring 80650 Tiling Labor&material Paint, interior, Labor&material 45000 Paint, interior, Labor&material Painting, Exterior, material 65000 Drywall, Labor& material 135,000 Sub-total finishes 452650 11313 Brook Crossing Dr.,Orland Park, IL 60467 708.928.3976,omatconstruction@comcast.net 0 MAT CONSTRUCTION r. Construction & Management Group SPECIALTIES SPECIAL CONSTRUCTION Elevator 75000 Sub-total special construction 75000 MECHANICAL HVAC 325,000 Sub-total Mechanical 315,000 FIRE PREVENTION Fire Alarm 119000 Building sprinkler system 160000 Sub-total Fire prevention 279000 PLUMBING Rough plumbing, interior 220,000 Rough plumbing, exterior(Sewer) Rough Plumbing, exterior(Water) Plumbing fixtures 55500 Water heater 16500 Gas lines 25300 Sub-total Plumbing 317,300 ELECTRIC 225,000 Electric service, rough Interior Electric rough, building exterior Light fixtures 42500 Sub-Total Electric 267500 MISCELLANEOUS Lobby 75,000 CONTINGENCY 245,000 Total 2,681,050 11313 Brook Crossing Dr.,Orland Park, IL 60467 708.928.3976,omatconstruction@comcast.net ATTACHMENT D AFFIDAVITS OF OWNERSHIP (4 Pages) 1 (name), Wee. (title),being first duly sworn upon oath states as follows: Affiant has personal knowledge of the facts stated herein. Per 50 ILCS 105/3.1,the identities of all owners and beneficiaries having an interest or proposing to have an interest in the real property commonly known as 53 _ �, t kook kA to be conveyed/used are as follows (check applicable box(es)and complete information requested): Ei Individual. Individual owner(or proposing to be an owner or tenant)of the property is: Nonprofit Organization. Nonprofit organization owner (or proposing to be an owner or tenant) of the property is . There is no individual or other organization receiving distributable income from the organization. Public Organization, including units of local government. Public organization owning (or proposing to be an owner or tenant) the property is There is no individual or other organization receiving distributable income from the organization. Publicly-Traded Corporation. Publicly-traded corporation owning (or proposing to be an owner or tenant) the property is There is no readily known shareholder entitled to receive more than 7-1/2% interest in the total distribution income of the corporation. Corporation, Partnership, Limited Liability Company. Corporation, partnership, limited liabili com any owning (or proposing to be an owner or tenant) the property is t ����cr�, ��=�x`c e . Those entitled to receive more than 7-1/2% o The total dist�ble income orsa!d-eiitity are as follows: Name Address *1.c \-A\okitt\A JL-KI\n 2. 3. 4. El Land Trust or Declaration of Trust. Land trust or declaration of trust owning(or proposing to be an owner or tenant) the property is . The identity of each beneficiary of Grantor Trust is as follows: Name Address %of Interest *1. 2. 3. 4. *IF THE INITIAL DISCLOSURES SHOW INTERESTS HELD BY ANOTHER CORPORATION, PARTNERSHIP, LIMITED LIABILITY COMPANY, OR TRUST, THEN FURTHER DISCLOSURES SHOULD BE PROVIDED UNTIL THE NAMES OF INDIVIDUALS OWNING THE INTEREST IN THE ENTITY ARE DISCLOSED. Date this 2- k day of N , 20 2 .S By: , Signature N_ )i‘A.4cAp. vviiiottit _ r Th rint Name and Tie if applicable State of Illinois ) )SS County of ) This instrument was acknowledged before me on Novi mhir At 2026, by P1T n V I I 1 n . (SEAP r ALLYSON VILLA i e 1 V V u,C 1) E OFFICIAL SEAL Notary I uillgc ,/ = Notary Public-State Of JIGrgis MY Commission Expires "� November os,2026 My Commission Expires: I I /C /L 1, • NOTE: THIS AFFIDAVIT MAY BE EXECUTED AND ACKNOWLEDGED ON BEHALF OF THE RECORD OWNER(S) BY A MEMBER, AN OWNER, AUTHORIZED TRUSTEE, CORPORATE OFFICIAL, GENERAL PARTNER, OR MANAGING AGENT, OR HIS OR HER ATTORNEY. 1. Sanjeev Misra (name). Manager (title). being first duly sworn upon oath states as follows: Aftiant has personal knowledge of the facts stated herein. Per 50 ILCS 105/3.1. the identities of all owners and beneficiaries having an interest or proposing to have an interest in the real property commonly known as 53-63 Douglas Ave to be conveyed/used are as follows (check applicable box(es)and complete information requested): OIndividual. Individual owner(or proposing to be an owner or tenant)of the property is: 0 Nonprofit Organization. Nonprofit organization owner (or proposing to he an owner or tenant) of the property is . There is no individual or other organization receiving distributable income from the organization. 0 Public Organization. including units of local government. Public organization owning(or proposing to be an owner or tenant) the property is There is no individual or other organization receiving distributable income from the organization. 0 Publicly-Traded Corporation. Publicly-traded corporation owning (or proposing to be an owner or tenant) the property is There is no readily known shareholder entitled to receive more than 7-1/2%interest in the total distribution income of the corporation. ® Corporation. Partnership. Limited Liability Company. Corporation. partnership. limited It i itv co ny owning (or propo i g ) be an owner or tenant) the property is lvi t"lotel Investments LL . Those entitled to receive more than 7-1/2% of the total distributable income of said entity are as follows: Name Address *I. Sanjeev Misra 1290 N Clybourn Ave. Chicago. IL 60610 3. 4. 0 Land Trust or Declaration of Trust. Land trust or declaration of trust owning(or proposing to be an owner or tenant) the property is . The identity of each beneficiary of Grantor Trust is as follows: Name Address %of Interest •I. 3. 4. •1F THE INITIAL DISCLOSURES SHOW INTERESTS HELD BY ANOTHER CORPORATION. PARTNERSHIP. LIMITED LIABILITY COMPANY. OR TRUST. THEN FURTHER DISCLOSURES SHOULD BE PROVIDED t NTIL THE NAMES OF INDIVIDUALS OWNING THE INTEREST IN THE ENTITY ARE DISCLOSED. Dated LI day of N llVf n-\ht'( . 21)25. By: • Signature S(Nrl\eev ‘Sc`, 1 hr\klyr. Printiklame and Title if applicable State of Illinois I SS County of NV : This instrument was acknowledged before me on (VW L . '_Oc-ST by (SEAL) "OFFICIAL SEAL" HANAN A HAFEZ Notary Public Notary Public,Sato Of Minis Commission No.1001983 My Commission I Ins January 02,2029 \1\ Commission Expires: • •••6? n?'\ NOTE: THIS AFFIDAVIT MAY BE EXECUTED AND ACKNOWLEDGED ON BEHALF OF THE RECORD OWNER(S) BY :\ MEMBER. AN OWNER. At ITIIORIZED 1 Rl lS l l l . CORPORA IF OFFICIAL. GENERA1. PARTNER. OR MANAGING AGENT. OR HIS OR I TER ATTORNEY. TORNEY. IccallXplKcdcsclop \pr-5?•n?I) a Ia,-I Ia.ndd."'