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HomeMy WebLinkAbout95-144 Recorded Resolution No. 95-144 RESOLUTION AUTHORIZING EXECUTION OF A FIRST AMENDMENT TO DECLARATION OF COVENANTS, EASEMENTS AND RESTRICTIONS FOR FOX BLUFF CORPORATE CENTER AND AUTHORIZING WAIVER OF INTEREST PAYMENT WHEREAS, the City of Elgin is the developer of the Fox Bluff Corporate Center and has previously provided for a Declaration of Covenants, Easements and Restrictions to be recorded for such property on September 7, 1993, as Document No. 93K68272; and WHEREAS, after consultation with owners within the Fox Bluff Corporate Center, the city as developer has determined that it is necessary and desirable to amend the Declaration of Covenants, Easements and Restrictions; and WHEREAS, in order to insure the continued quality of the development within the Fox Bluff Corporate Center and to maintain property values therein the City of Elgin has requested and Elgin Corrugated Box Company has agreed not to use decorative metal on the east wall of the Elgin Corrugated Box building currently under construction and has agreed to construct said east wall entirely of brick in exchange for the waiver by the City of Elgin of one year of interest due on the Phase II purchase of property by Elgin Corrugated Box. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS, that Kevin Kelly, Mayor, and Dolonna Mecum, City Clerk, be and are hereby authorized and directed to execute a First Amendment to Declaration of Covenants, Easements and Restrictions for Fox Bluff Corporate Center on behalf of the City of Elgin, a copy of which is attached hereto and made a part hereof by reference. BE IT FURTHER RESOLVED that the City of Elgin in consideration of Elgin Corrugated Box constructing the east wall of its building entirely in brick hereby waives the first year of interest in the amount of $33,695.84 which would be due and payable under the real estate sale contract with Elgin Corrugated Box Company for the first year interest on the Phase II payment provided for under paragraph 3 of said real estate contract. BE IT FURTHER RESOLVED that the attached Exhibits A and B, correspondence outlining terms and conditions of the sale of property to Elgin Corrugated Box, are hereby approved and ratified. s/ Kevin Kelly Kevin Kelly, Mayor Presented: July 12, 1995 Adopted: July 12, 1995 Vote: Yeas 7 Nays 0 Attest: s/ Dolonna Mecum Dolonna Mecum, City Clerk FlLEt)_r ORR PECORD . hANL Ct;UN i i.1LL. 95K0143669 95AUG -3 PH 1: 00 rjj.faUn C} FIRST AMENDMENT TO DECLARATION OF COVENANTS, CJ EASEMENTS AND RESTRICTIONS FOR FOX BLUFF CORPORATE CENTER `.0 D j1 ,y CD After recording return to: Dolonna Mecum Elgin City Clerk / 150 Dexter Court “ao Elgin, IL 60120 / / FIRST AMENDMENT TO DECLARATION OF COVENANTS, EASEMENTS AND RESTRICTIONS FOR FOX BLUFF CORPORATE CENTER WHEREAS, the Fox Bluff Corporate Center is a subdivision of real estate created on August 19, 1992, pursuant to Document No. 92 K 59007, the legal description of such property being set forth in Exhibit A; and WHEREAS, the City of Elgin is the Developer of the Fox Bluff Corporate Center and has previously provided for a Declaration of Covenants, Easements and Restrictions to be recorded for such property on September 7, 1993, as Document No. 93 K 68272; and WHEREAS, after consultation with owners within the Fox Bluff Corporate Center, Olive Can Company and Elgin Corrugated Box Company, the City of Elgin as Developer has determined that it is necessary and desirable to amend the Declaration of Covenants, Easements and Restrictions; and WHEREAS, Section 9 .2 of said Declaration of Covenants, Easements and Restrictions for the Fox Bluff Corporate Center provides that the Developer, with the written consent of the owners of record of one-half of the total D acreage in the subject property may alter, amend, change, :J1 x modify, or revoke any of the provisions of such Declaration; ZD and Cl CO WHEREAS, the City of Elgin as Developer of the Fox U3 Bluff Corporate Center currently owns more than one-half of the total acreage of the subject property. NOW, THEREFORE, the Declaration of Covenants, Easements and Restrictions for the Fox Bluff Corporate Center be and is hereby amended as follows : 1 . That Section 8 . 2 is hereby amended to read as follows : "8 .2 All buildings located on the Property shall be constructed with one or more of the following materials : (a) Face brick; stone. (b) Architectural precast concrete panel with decorative finish. (c) Combination architectural metal/glass curtain wall construction. (d) Approved equal as approved in writing by the Developer with the written consent of the owners of record of two-thirds of the total acreage in the subject property not owned by the Developer. Notwithstanding the foregoing, future building construction on the property may also include the use of decorative metal for one expansion wall per building provided that the expansion wall be replaced with a permanent wall constructed of one or more of the permitted materials in this section within two (2) years and further provided that the owner constructing such a temporary wall have ownership of sufficient additional property at vD the time of the initial construction to allow ut for the contemplated expansion. " CD 2 . That Section 9 .2 be and is hereby amended to OJ read as follows : UD 01 "9 .2 The Developer, with the written OD consent of the owners of record of one-half of the total acreage in the subject property not owned by the Developer may alter, amend, change, modify or revoke any of the provisions of this Declaration with the exception of the ,,3 provisions of Section 8 .2 hereof, which shall -2- require the written consent of the owners of record of two-thirds of the subject property not owned by the Developer. Any of the powers and rights, whether or not contained in this paragraph, conferred by this Declaration upon the Developer may be assigned by the Developer to any person, firm or corporation and may be exercised by any such assignee. " 3 . This amendment shall not apply to the following legally described property: FAA Property That part of the South East 1/4 of the North East 1/4 of Section 27, Township 41 North, Range 8 East of the Third Principal Meridian, described as follows : Beginning at the North East corner of the said South East 1/4 of the North East 1/4 of Section 27; thence South 87 degrees, 55 minutes, 52 seconds West along the North line of the said South East 1/4 of the North East 1/4, 1188 . 00 feet; thence South 02 degrees, 04 minutes, 08 seconds East, perpendicular to the last described course, 596 .29 feet; thence South 50 degrees 46 minutes, 57 seconds East 418 . 91 feet; thence North 39 degrees, 13 minutes, 03 seconds East perpendicular to the last described course, 413 . 72 feet thence northeasterly, along a curve to the right, tangent to the last described course, having a radius of 760 . 00 feet, an arc distance of 666 . 77 feet; thence North 89 degrees, 29 minutes, 06 seconds East, tangent to the last described curve, 2 . 37 feet to the East line of the said South East 1/4 of the North East 1/4 of Section 27 ; thence North 00 degrees, 54 minutes, 05 seconds West along the said East line, 303 .69 feet to the point of beginning, in the City of Elgin, Kane County, Illinois . U1 Olive Can Property 7C CD Lots 6, 7, 9, 10, 11, 12, 13 and 14 and all of vacated Chamber Drive and all of vacated Cook Circle w in Fox Bluff Corporate Center being a subdivision on CD part of Section 27, Township 41 North, Range 8 East OD UD of the Third Principal Meridian in the City of Elgin, Kane County, Illinois . Excluding therefrom the following three (3) parcels: S( -3- Parcel 1 : That part of Lot 12 of Fox Bluff Corporate Center, being a subdivision of part of Section 27, Township 41 North, Range 8 East ofthe Third Principal Meridian, described as follows : Commencing at the Southwest corner of said Lot 12; thence North 00 degrees 54 minutes 05 seconds West, along the West line of said Lot 12 , a distance of 456 . 10 feet for the point of beginning; thence North 89 degrees 58 minutes 24 seconds East, a distance of 227 . 03 feet to the East line of said Lot 12; thence North 00 degrees 54 minutes 05 seconds West, along the East line of said Lot 12, a distance of 461 . 09 feet to the Northeast corner of said Lot 12; thence South 89 degrees 29 minutes 06 seconds West, along the North line of said Lot 12, a distance of 2 .91 feet; thence southwesterly along the northerly line of said Lot 12 , being along a curve to the left having a radius of 680 .00 feet, tangent to the last described course, an arc distance of 228 . 09 feet to the Northwest corenr of said Lot 12; thence South 00 degrees 54 minutes 05 seconds East, along the West line of said Lot 12, a distance of 421 .25 feet to the point of beginning. Being situated in the City of Elgin, Kane County, Illinois and containing 101,647 .28 square feet more or less . Parcel 2 : That part of Lot 13 of Fox Bluff Corporate Center, being a subdivision of part of Section 27, Township 41 North, Range 8 East of the Third Principal Meridian, described as follows : Commencing at the Southeast corner of said Lot 13; thence North 00 degrees 54 minutes 05 seconds West, along the East line of said Lot 13, a distance of 456 . 10 feet for the point of beginning; thence South 89 degrees 58 minutes 24 seconds West, a distance of 137 .99 feet to a point on the northwesterly line of said Lot 13 that is 381. 19 feet northeasterly of the most westerly corner of said Lot 13; thence North 39 W degrees 13 minutes 03 seconds East, along the said (/1 northwesterly line, a distance of 214 . 12 feet to the most northerly corner of said Lot 13; thence South O 00 degrees 54 minutes 05 seconds East, a distance of 165 . 84 feet to the point of beginning. Being w situated in the City of Elgin, Kane County, Illinois CD and containing 11,441 .29 square feet more or less . CD UD Parcel 3 : That part of Lot 14 of Fox Bluff Corporate Center, being a subdivision of part of Section 27, Township 41 North, Range 8 East of the Third Principal Meridian, described as follows : Commencing at the most southerly corner of said Lot 14; thence North 39 degrees 13 minutes 03 seconds -4- East, along the southeasterly line of said Lot 14, a distance of 381 . 19 feet for the point of beginning; thence North 50 degrees 46 minutes 57 seconds West, perpendicular to the last described course, a distance of 262 . 00 feet to the northwesterly line of said Lot 14; thence North 39 degrees 13 minutes 03 seconds East, along said northwesterly line, a distance of 58. 72 feet; thence northeasterly, along said northwesterly line, being along a curve to the right having a radius of 680 . 00 feet, tangent to the last described course, an arc distance of 368 .49 feet to the most northerly corner of said Lot 14; thence South 00 degrees 54 minutes 05 seconds East, along the East line of said Lot 14, a distance of 255 .41 feet to an easterly corner of said of Lot 14; thence South 39 degrees 13 minutes 03 seconds West, along the aforesaid southeasterly line of Lot 14, a distance of 214 . 12 feet to the point of begining. Being situated in the City of Elgin, Kane County, Illinois and containing 80, 158 . 11 square feet more or less . Elgin Corrugated Box Company Property Of Lots 34 through 40 inclusive, of Fox Bluff Corporate Center, being a subdivision of part of Section 27, Township 41 North, Range 8 East ofthe Third Principal Meridian, and also that part of Lots 33, 32 and 41 of said subdivision, described as follows : Beginning at the Southeast corner of said Lot 41; thence South 88 degrees 17 minutes 46 seconds West, along the South line of said Lot 41, a distance of 203 .28 feet to a line that is 116 . 72 feet East of, as measured at right angles, and parallel with the West line of said Lots 41 and 32; thence North 01 degree 42 minutes 14 seconds West, along said parallel line, a distance of 735 . 07 feet to the northwesterly line of said Lot 33; thence uD LnNorth 39 degrees 13 minutes 03 seconds East, along said northwesterly line, a distance of 48 . 01 feet; Pr CD thence easterly along a northerly line of said Lot ,�. 33, on a curve to the right having a radius of 36 . 00 CO feet, tangent to the last described course, an arc CD distance of 54 . 70 feet; thence southeasterly along CD the northeasterly line of said Lot 33, on a curve to c.O the left having a radius of 483 . 00 feet, tangent to the last described curve, an arc distance of 141 . 36 feet to the Northeast corner of said Lot 33; thence South 01 degree 42 minutes 14 seconds East, along the East line of said Lots 33, 32 and 41, a distance of 706 . 60 feet to the point of beginning. Situated -5- • in the City of Elgin, Kane County, Illinois and containing 15 . 00 acres more or less . IN WITNESS WHEREOF, the City of Elgin as Developer of the Fox Bluff Corporate Center has caused its corporate seal to be hereto affixed and has caused its name to be signed to this First Amendment to the Declaration of Covenants, Easements and Restrictions for the Fox Bluff Corporate Center by its Mayor and attested by the City Clerk this f3Ytday of July, 1995 . CITY OF ELGIN, a municipal corporation /_� By: -� / 4Y f Kevin Kelly, May6r Attest: 'W1°1-t/v`121 Dolonna Mecum, ity Clerk t0 U' PC O CO U) Prepared by: UD Erwin Jentsch Corporation Counsel City of Elgin 150 Dexter Court Elgin, IL 60120 7 -6- , • . EXHIBIT A - LEGAL DESCRIPTION THE FOX BLUFF CORPORATE CENTER, BEING A SUBDIVISION OF PART OF SECTION 27 , TOWNSHIP 41 NORTH, RANGE 8, EAST OF THE THIRD PRINCIPAL MERIDIAN, RECORDED AS DOCUMENT 92K59007, IN THE CITY OF ELGIN, KANE COUNTY, ILLINOIS. UD 7K COCD CD Q) CL) c -7- FILED FCF? RECORD - . KANE . • 9 5 K 0 4 3 6 6 9 95 AUG -3 PM 1: 00 .ki:COPDF R