14-152 Resolution No. 14-152
RESOLUTION
AUTHORIZING EXECUTION OF A REAL ESTATE SALE CONTRACT
FOR THE PURCHASE OF 475 DUNDEE AVENUE
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 real estate sale contract on behalf of the City of Elgin with Shawn K.
Lee for the purchase of 475 Dundee Avenue for $280,000, a copy of which is attached hereto
and made a part hereof by reference.
s/ David J. Kaptain
David J. Kaptain, Mayor
Presented: October 8, 2014
Adopted: October 8, 2014
Vote: Yeas: 9 Nays: 0
Attest:
s/Kimberly Dewis
Kimberly Dewis, City Clerk
REAL ESTATE SALE CONTRACT
1. Agreement to Purchase. The City of Elgin, Illinois, an Illinois municipal
corporation ("Purchaser") agrees to purchase at a price of Two Hundred and Eighty Thousand
Dollars ($280,000), ("Purchase Price") on the terms set forth herein, certain real estate and all
improvements thereon and appurtenances thereto, such real estate consisting of the property
commonly known as the 475 Dundee Avenue, Elgin, Kane County, Illinois 60120, Permanent
Index Number 06-12-379-024, the legal description thereof being set forth on "Exhibit A"
attached hereto and incorporated herein by this reference (such real estate, all improvements
thereon and appurtenances thereto are hereinafter collectively referred to as the "Real Estate").
2. Agreement to Sell. Shawn K. Lee, as owner of record of the Real Estate
("Seller") agrees to sell the Real Estate described above at the price and terms set forth herein,
and to convey or cause to be conveyed to Purchaser title thereto by a recordable warranty deed,
with release of homestead rights, and a proper Bill of Sale, and subject only to general real estate
taxes for the year 2014 and subsequent years.
3. Earnest Money and Payment Structure. Within ten (10) business days after the
full execution of this agreement, the Purchaser agrees to deposit the sum of$20,000 as earnest
money ("Earnest Money") to be held by Chicago Title Insurance Company ("Escrowee") in trust
for the mutual benefit of the parties. At the Closing, Purchaser shall pay the total Purchase Price,
less the Earnest Money already deposited,plus or minus prorations.
4. Survey. Not less than ten (10) days prior to the Closing, Seller, at its own
expense, agrees to furnish Purchaser a plat of survey of the Real Estate dated within six (6)
months of the Closing, made, and so certified by the surveyor to Purchaser, or other persons
designated by Purchaser and the Title Company as having been made in accordance with the
Minimum Standard Detail Requirements for ALTA/ASCM land Title Surveys and Mapping,
1992, including, without limitation, all items (except for items 5, 7, 9, 10 and 12 in Table A
thereof with accuracy standards appropriate to suburban settings and for Purchaser's intended use
of the Real Estate as a commercial redevelopment site. The survey shall also include a
certification by the surveyor(i) as to the square footage of the Real Estate (excluding any portion
thereof lying in a public right-of-way) and (ii) that the Real Estate is not located in a flood plain,
wetland or special flood hazard zone. Such survey shall further indicate all applicable easements
and rights of way.
5. Closing. The time of Closing ("Closing" or"Closing Date") shall be on or before
ninety (90)days following the entry into and execution of this agreement(with such date of entry
and execution being the date of the adoption of the resolution by the city council of the Purchaser
authorizing the execution of this agreement), or such other date as may hereafter be agreed to by
the parties, or on the date, if any, to which such time is extended by reason of Section 8 hereafter
becoming operative. Unless subsequently mutually agreed otherwise, Closing shall take place at
the office of the Escrowee (as hereinafter defined), provided title is shown to be good or is
accepted by Purchaser.
6. Commissions. Seller agrees to and shall pay a real estate commission to its real
estate broker as provided in Seller's listing agreement. Purchaser shall not be required to pay any
commission in connection with this transaction. Purchaser represents and warrants to Seller that
it has not used a broker in connection with this transaction and shall indemnify Seller with
respect to same.
7. Title. Seller shall deliver or cause to be delivered to Purchaser or Purchaser's
agent, not less than ten (10) days prior to the Closing, at Seller's expense, a title commitment for
an ALTA (2006) owner's title insurance policy issued by Chicago Title Insurance Company (the
"Title Company") in the amount of the purchase price and including extended coverage over the
so-called "general exceptions" to the Policy, covering title to the Real Estate on or after the date
hereof, showing title in the intended grantor subject only to (a) the title exceptions set forth in
Section 2 above, (b) title exceptions pertaining to liens or encumbrances of a definite or
ascertainable amount which may be removed by the payment of money at the time of Closing
and which the Seller shall so remove at that time by using the funds to be paid upon the delivery
of the deed, (c) acts of Purchaser and all parties acting through or for Purchaser and (d) zoning
laws, statutes and ordinances. At Closing, Seller also shall furnish Purchaser an affidavit of title
in customary form covering the date of Closing and showing title in Seller subject only to the
Permitted Exceptions.
8. Title Clearance. If the title commitment or plat of survey discloses either
unpermitted exceptions or survey matters that render the title not in conformance with the
provisions of this agreement (herein referred to as "survey defects"), Seller shall have thirty (30)
days from the date of delivery thereof to have the exceptions removed from the commitment or
to correct such survey defects or, if Purchaser so approves in writing, to have the Title Company
commit to insure against loss or damage that may be occasioned by such exceptions or survey
defects, and, in such event,the time of Closing shall be twenty (20) days after the delivery of the
commitment or the time expressly specified in Section 5 hereof, whichever is later. If Seller fails
to have the exceptions removed or correct any survey defects, or in the alternative, to obtain the
commitment for title insurance specified above as to such exceptions or survey defects (if
Purchaser so approves in writing) within the specified time, Purchaser may terminate this
Contract or may elect, upon notice to Seller within ten (10) days after the expiration of the 30-
day period, to take title as it then is with the right to deduct from the purchase price liens or
encumbrances of a definite or ascertainable amount pursuant to written agreement of the parties.
If Purchaser does not so elect, this Contract shall become null and void without further actions of
the parties.
9. Prorations. General taxes shall be adjusted ratably as of the time of Closing. If
the amount of the current general taxes is not then ascertainable, the adjustment thereof, except
for that amount which may accrue by reason of new improvements, shall be on the basis of 105%
of the amount of the most recent ascertainable taxes, subject to reproration when the amount
thereof becomes ascertainable. Seller and Purchaser shall pay the amount of any stamp tax
imposed by state or county law or local ordinance, respectively, on the transfer of title, if any,
and furnish a completed Real Estate Transfer Declaration signed by Seller or Seller's agent in the
form required pursuant to the Real Estate Transfer Tax Act of the State of Illinois, and shall
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furnish any declaration signed by Seller or Seller's agent or meet other requirements as
established by any county or local ordinance with regard to a transfer or transaction tax.
10. Bill of Sale for Fixtures and Personal Property. Seller shall transfer to Purchaser
at Closing by a bill of sale the following fixtures and personal property now located on the Real
Estate, as applicable: heating systems; electrical systems; plumbing systems; sump pump;
smoke detectors; window shades, blinds, draperies and curtains, hardware and other window
treatments; electric air filter; all planted vegetation; existing storm windows and screens. All
fixtures and personal property are being conveyed by the Seller to the Purchaser as they exist on
the Real Estate and "as is".
11. Seller Warranties: Seller represents and warrants to Purchaser as follows:
(a) Seller is not a "foreign person" within the meaning of Section 1445 of the Internal
Revenue Code. At closing, Seller shall deliver to Purchaser a certificate of non-
foreign status.
(b) With the sole exception of the lease agreement between the Purchaser and the
Seller attached to this agreement as Exhibit B, there are no existing leases
affecting the Real Estate.
(c) There are no existing contracts or options to purchase the Real Estate.
(d) There exists no management agreement, exclusive brokerage agreement or service
agreement of any kind relative to the Real Estate that will continue in force
beyond the closing date.
(e) With the sole exception of the Seller pursuant to the lease agreement between the
Purchaser and the Seller attached to this agreement as Exhibit B, as of the Closing
Date, the Real Estate will be vacant and unoccupied.
(f) To the best of Seller's knowledge, without duty of inquiry, there are no
underground storage tanks on the Real Estate.
(g) To the best of Seller's knowledge, without duty of inquiry, neither the
improvements on the Real Estate nor the Real Estate contain any friable asbestos
and no polychlorinated biphenyls (PCBs) are located in, on or under the Real
Estate (including, without limitation, in, on or under any equipment located
thereon).
(h) To the best of Seller's knowledge, without duty of inquiry,no hazardous materials
or substances have been located on the Real Estate or have been released into the
environment, or discharged, placed or disposed of, at or under the Real Estate.
(i) To the best of Seller's knowledge, without duty of inquiry, the Real Estate has
never been used as a dump for waste material.
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(j) To the best of Seller's knowledge, without duty of inquiry, the Real Estate and its
prior uses comply with and at all times have complied with any applicable
governmental law, regulation or requirement relating to environmental and
occupational health and safety matters and hazardous materials or substances.
12. Condition and Possession of the Real Estate at Closing. Seller agrees and shall
deliver to Purchaser at the expiration or termination of the lease between the Seller and the
Purchaser attached to this agreement as Exhibit B possession of the Real Estate including but not
limited to all improvements thereon and appurtenances thereto. Seller at its cost shall upon the
expiration or termination of the lease between the Seller and the Purchaser attached to this
agreement as Exhibit B, remove from the Real Estate hereof all debris and Seller's personal
property not conveyed by Bill of Sale to Purchaser and shall deliver the Real Estate to the
Purchaser. Seller shall deliver possession of the Real Estate to Purchaser upon the expiration or
termination of the lease between the Seller and the Purchaser attached to this agreement as
Exhibit B, and the Real Estate shall be vacant without any tenants or occupants. The provisions
of this paragraph shall survive the Closing and shall be deemed remade as of the entry into the
lease between the Seller and the Purchaser attached to this agreement as Exhibit B.
13. Survival. All representations, warranties, indemnities and covenants made by
Seller to Purchaser under this Contract shall be deemed remade as of the Closing and shall
survive the Closing for one (1) year, and the remedies for the breach thereof shall survive the
Closing for one (1)year and shall not be merged into the closing documents.
14. Closing Documents. In addition to the deed, survey, affidavit of title, transfer
declarations and other documents described in this Contract, Seller shall deliver or cause to be
delivered to Purchaser at Closing the following:
(a) an ALTA statement signed by Seller;
(b) waivers of or insurance over broker's lien claims by all real estate brokers
involved in the transaction contemplated by this Contract;
(c) a title policy or marked-up commitment in the amount of the purchase price, dated
on the Closing Date, insuring title in Purchaser or Purchaser's nominee, in the
condition required under Section 7;
(d) a Plat Act Affidavit, if applicable;
(e) payoff letters with respect to all mortgages of record;
(f) releases with respect to any other liens or encumbrances;
(g) other documents required by the title company to waive exceptions to title not
permitted by this contract;
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(h) a non-foreign affidavit, prepared in compliance with the requirements of the
Internal Revenue Code Section 14.45(e), from the Seller; and
(i) a closing statement and such other documents as customarily required by the Title
Company.
15. Default. Seller and Purchaser agree that, in the event of a default by either party
the other party shall, prior to taking any such action as may be available to it, provide written
notice to the defaulting party stating that they are giving the defaulted party thirty (30) days
within which to cure such default. If the default shall not be cured within the thirty (30) days
prior aforesaid, the party giving such notice shall be permitted to avail itself of remedies to
which it may be entitled under this agreement.
16. Remedies. In the event that either party fails or refuses to carry out its obligations
under this agreement the other party shall be free to pursue any available legal remedies at law or
in equity. There shall be no disbursement of Earnest Money unless Escrowee has been provided
a joint written direction from Seller and Purchaser.
17. Escrow. This sale shall be closed through an escrow(the "Escrow")with Chicago
Title and Trust Company ("Escrowee"), in accordance with the provisions of the Deed and
Money Escrow Agreement then in use by Escrowee, with such special provisions inserted in the
escrow agreement as may be required to conform with this Contract. Upon the creation of such
Escrow, payment of the purchase price and delivery of deed shall be made through the Escrow
and the Earnest Money shall be deposited in the Escrow. The cost of the Escrow and any so-
called "New York Style" closing fee shall be divided equally between Seller and Purchaser.
Purchaser and Seller shall make all deposits into the escrow in a timely manner to permit the
Escrowee to disburse the Escrow on the Closing Date.
18. Time. Time is of the essence of this Contract.
19. Manner of Payment. Any payments herein required to be made at the time of
Closing shall be by certified funds, as the Title Company and applicable law requires.
20. Notices. All notices herein required shall be in writing and shall be served on the
parties at the addresses following their signatures. The mailing of a notice by registered or
certified mail, return receipt requested, or personal delivery by courier service shall be sufficient
service. Notices may also be served on the attorneys for the parties via e-mail or by use of a
facsimile machine.
21. Interpretation. This contract shall be construed, and the rights and obligations of
Seller and Purchaser hereunder, shall be determined in accordance with the laws of the State of
Illinois without reference to its conflict of laws rules.
22. 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.
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23. Amendments. This agreement may be modified or amended only in writing
signed by the parties hereto, or their permitted successor or assigns, as the case may be.
24. Entire Agreement. This agreement contains the entire agreement and
understanding of the parties herein, all prior agreements and undertakings having been merged
herein and extinguished hereby.
25. Joint and Collective Work Product. This agreement is and shall be deemed and
construed to be a joint and collective work product of the Purchaser and the Seller, 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, and the terms or provisions contained herein.
26. Assignment. This agreement shall be binding on the parties hereto and their
respective successors and permitted assigns. This agreement and the obligations hereunder may
not be assigned without the express written consent of each of the parties hereto.
27. Uniform Vendor and Purchase Risk Act. The parties agree that the provisions of
the Uniform Vendor and Purchase Risk Act of the State of Illinois (765 ILCS 65/1 et seq.) shall
be applicable to this contract.
28. "As Is" Condition. The Real Estate and personal property are being conveyed by
the Seller to the Purchaser in their "as is" condition as of the date of the entry and execution into
this agreement.
29. Inspection. Seller and Purchaser further agree as follows:
A. The obligation of Purchaser to purchase the Real Estate pursuant to this
agreement is subject to and contingent upon the condition precedent that Purchaser shall have
found the condition of the Real Estate, including the environmental condition thereof, to be
acceptable to the Purchaser following the performance of such environmental or other
investigations and/or testing on the Real Estate as the Purchaser may elect to perform at its sole
expense.
B. Within five (5) days following the entry into and execution of this agreement
(with such date of entry and execution being the date of the adoption of the resolution by the City
Council of the Purchaser authorizing the execution of this agreement), the Seller shall deliver or
cause to be delivered to the Purchaser copies of any existing surveys of the Real Estate and
copies of all reports and/or documents in Seller's possession or control regarding the
environmental condition of the Real Estate including, but not limited to, geological studies,
environmental assessments, reports, soil tests, groundwater tests or other test results. The
Purchaser shall thereafter commence performance of any environmental or other inspections of
the Real Estate that it elects to perform and shall complete same within sixty (60) days of the
entry into and execution of this agreement. Seller hereby agrees to allow Purchaser and its
agents and contractors reasonable access to the Real Estate to conduct such inspections
including, but not limited to, subsurface investigations. The Purchaser agrees to reasonably
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restore the Real Estate after the inspections, remove any waste generated in such inspection
process and indemnify, defend and hold Seller harmless from any liability, loss, claim, cost or
expenses pertaining to any bodily injury or property damage arising out of the Purchaser's
performance of the inspections of the Real Estate.
C. A full and complete copy of any written reports or other documents received by
the Purchaser and containing the test data, findings, conclusions and recommendation of the
party performing such inspections of the Real Estate shall be promptly provided by the Purchaser
to the Seller.
D. If the Purchaser determines, in its sole discretion, that the Real Estate is
unsuitable for acquisition by the Purchaser, the Purchaser may, at its written election delivered to
the Seller not later than sixty (60) days after the entry into and execution of this agreement,
declare this agreement null and void whereupon this agreement shall be deemed terminated, null
and void and without further obligation of the parties hereto. If such written notice is not served
within the time specified, Purchaser shall be deemed to have waived this contingency and
Purchaser shall be deemed to have elected to proceed with the purchase of the Real Estate
pursuant to the terms of this agreement and this agreement shall remain in full force and effect.
30. At closing the parties agree to enter into the lease agreement attached hereto as
Exhibit B providing for the lease of the Real Estate from the Purchaser to the Seller for a one (1)
year term commencing on the Closing Date.
31. Direction to Escrowee. In every instance where this Contract or agreement shall
be deemed null and void or if this Contract or agreement may be terminated by either party, the
following shall be deemed incorporated: "The Earnest Money shall be refunded to the Purchaser
upon the joint written direction of the parties to the Escrowee or upon entry of an order by a
court of competent jurisdiction". In such an instance where this Contract or agreement shall be
deemed null and void or if this Contract or agreement is properly terminated by either party, the
parties shall promptly execute a joint written direction to the Escrowee directing the Escrowee
that the Earnest Money be refunded to the Purchaser.
[SIGNATURE PAGE FOLLOWS]
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DATED: October 8 , 2014. DATED: 116 2014.
CITY OF ELGIN SHAWN K. LEE
By
Mayor
Atte
City Clerk
150 Dexter Court 475 Dundee Avenue
Elgin, Illinois 60120-5555 Elgin, Illinois 60120
Attention: City Manager
with a copy of any notice to: with a copy of any notice to:
William A. Cogley Law Offices of Jay H. Chie
Corporation Counsel 2454 E. Dempster St., Suite 310
City of Elgin Des Plaines,IL 60016
150 Dexter Court 847-257-0411 (phone)
Elgin, IL 60120-5555 847-257-0313 (facsimile)
847-931-5655 (phone)
847-931-5665 (facsimile)
F:\Legal Dept\Real Estate\RE-Sales Contract-475 Dundee Avenue-clean 8-26-14.docx
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EXHIBIT A
Legal description of 475 Dundee Avenue, Elgin, Illinois 60123, Permanent Index Number 06-
12-379-024, with approximate lot area of 6,055 square feet, to be inserted per survey.
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EXHIBIT B
LEASE AGREEMENT
THIS LEASE is made and entered into as of the day of , 2014, by and
between the City of Elgin, an Illinois municipal corporation (hereinafter referred to as the
"Lessor"), and Shawn K. Lee, (hereinafter referred to as "Lessee"), and constitutes a Lease
between the parties of the Premises as identified in the Basic Lease Provisions below, on the
terms and conditions and with and subject to the covenants and agreements of the parties
hereinafter set forth.
WITNESSETH:
1. Basic Lease Provisions. The following are certain lease provisions which are part of,
and, in certain instances, referred to, in subsequent provisions of this Lease:
Lessor's Name and Address: City of Elgin, 150 Dexter Court
Elgin, IL 60120-5555
Lessee's Name and Address: Shawn K. Lee
475 Dundee Avenue
Elgin, Illinois 60120
Premises: 475 Dundee Avenue, Elgin, Illinois 60120, such
property being legally described on Exhibit A
attached hereto and made a part hereof by this
reference (hereinafter referred to as the "Premises").
2. Grant. Lessor is leasing the Premises to Lessee in consideration of the rent to be paid
and the covenants to be performed by Lessee.
3. Rent. Lessee agrees to pay to the Lessor the sum of One Dollar ($1.00) as the total rent
due for the one (1)year term of this Lease.
4. Security Deposit. No security deposit shall be required.
5. Term. The term of this Lease shall commence on , 2014 and
shall terminate one year thereafter on , 2015. Notwithstanding the
foregoing or anything to the contrary in this Lease, Lessee may terminate this Lease upon thirty
(30) days written notice to the Lessor.
6. Use of Premises. The Premises shall be used exclusively for a drop off retail dry
cleaning store and for no other purposes and is to be used only by the Lessee and not by any
other persons or entities. If any governmental license or permit shall be required for the proper
and lawful conduct of Lessee's business or activity carried on in the Premises or if failure to
procure such a license or permit might, in anyway, affect Lessor or the Premises, then Lessee, at
Lessee's expense, shall procure and maintain such license or permit. Lessee shall promptly
comply with all laws and ordinances and lawful orders and regulations affecting the Premises
and the cleanliness, safety, occupancy, use of same. Lessee agrees that it will conduct its
business on the Premises in a lawful manner and in good faith. Notwithstanding any other
provisions in this Lease, Lessee shall not cause or permit the use, generation, storage or disposal
in, on, or about the Premises of any substances, materials, or waste subject to regulation under
any federal, state, or local laws from time-to-time in effect concerning hazardous, toxics, or
radioactive materials. In the event of any conflict between the foregoing provision and any other
provision of this Lease, the foregoing provision shall supersede and control. Lessee shall also
keep the Premises, including service areas adjacent to the Premises, windows and signs, orderly,
neat, safe and clean.
7. Care of Premises. Lessee shall keep the Premises orderly, neat, safe, and clean.
8. Maintenance of Leased Premises. Lessor shall not be called upon or obligated to make
any improvements, maintenance or repairs of any kind to the Premises. Any improvements,
maintenance or repairs of any kind to the Premises required or desired by the Lessee shall be the
responsibility of the Lessee at its costs. Lessee shall keep and maintain the Premises in a clean,
sanitary, and safe condition in accordance with the laws of the State of Illinois and in accordance
with all directions, rules, and regulations of the health officer, fire marshal, building inspector, or
other proper officials of the governmental agencies having jurisdiction at the sole cost and
expense of Lessee, and Lessee shall comply with all requirements of law, ordinance, and
otherwise, affecting the Premises. Lessee further agrees to comply with any and all requirements
of the insurance underwriters insuring the Leased Premises. If Lessee refuses or neglects to
commence and/or complete the repairs required by the provisions of this Section promptly and
adequately, Lessor may, but shall not be required to do so, make and complete said repairs, and
Lessee shall pay the cost thereof to Lessor upon demand, as additional rent. If Lessee refuses or
neglects to commence and/or complete any maintenance or repairs required for the continued
occupancy and use of the Premises, the Lessor may terminate this Lease upon thirty (30) days
written notice to the Lessee. At the time of the expiration and/or termination of the tenancy
created herein, Lessee shall surrender the Premises, including all systems covering the same.
Lessee shall keep the Premises and all other parts of the Premises free from any and all liens
arising out of any work performed, materials furnished, or obligations incurred by or for Lessee,
and agrees to bond against or discharge any mechanic's or materialmen's lien within ten (10)
days. Lessee shall reimburse Lessor for any and all costs and expenses which may be incurred by
Lessor by reason of the filing of any such liens and/or the removal of same, such reimbursement
to be made within ten (10) days after receipt by Lessee from Lessor of a statement setting forth
the amount of such costs and expenses. The failure of Lessee to pay any such amount to Lessor
within said ten (10) day period shall carry with it the same consequences as failure to pay any
installment of rental. Lessee, at its own expense, shall install and maintain fire extinguishers and
other fire protection devices as may be required from time to time by any agency having
jurisdiction thereof and the insurance underwriters insuring the Building. If any time during the
Term, repairs, substantial or otherwise are required, in no event shall Lessee be required to make
such repair, and in the event Lessee elects not to make such repair, Lessor or Lessee may
terminate this Lease by giving thirty(30) days written notice to the other party.
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9. Covenant to Hold Harmless. To the fullest extent permitted by law, Lessee agrees to
indemnify, defend and hold harmless Lessor, its officials, officers, employees, boards and
commissions from and against any and all claims, suits judgments, costs, reasonable attorney's
fees, damages or other relief arising out of or resulting from or through or alleged to arise out of
Lessee's lease or occupancy of the Premises. In the event of any action against the Lessor, its
officials, officers, employees, agents, boards or commissions covered by the foregoing duty to
indemnify, defend and hold harmless, such action shall be defended by legal counsel of the
Lessor's reasonable choosing. The provisions of this section shall survive any termination
and/or expiration of this Lease Agreement.
10. Utility Charges. Lessee shall be solely responsible for and promptly pay all charges for
water, gas, heat, electricity, sewer, telephone and any other utility used upon or furnished to the
Premises.
11. No Assignment or Subletting. Lessee shall not assign or in any manner transfer this
Lease and shall not sublet the Premises or any part or parts thereof.
12. Waste and Nuisance. Lessee shall not commit or suffer to be committed any waste
upon the Premises or any nuisance or other act or thing which may disturb the quiet enjoyment
of surrounding properties. Lessee shall not use or permit to be used any medium that might
constitute a nuisance, such as loudspeakers, sound amplifiers, phonographs, radios, televisions,
or any other sound-producing device which will carry sound outside the Premises.
13. Destruction of Leased Premises. In case the Premises shall be rendered untenable by
fire, explosion or other casualty, or the building on the Premises shall have been wholly
destroyed, the term hereby created by the Lease shall cease and terminate and no further sums
shall be due from Lessee as of the date of casualty. Any rent paid in advance shall be pro-rated
to the date of casualty and returned to Lessee.
14. Eminent Domain. If the whole of the Premises hereby leased shall be taken by any
public authority under the power of eminent domain, or by deed in lieu thereof, then the term of
this Lease shall cease as of the day possession shall be taken by such public authority and the
Rent and other charges due hereunder, shall be paid up to that day with a proportionate refund by
Lessor of such rent as may have been paid in advance for a period subsequent to the date of the
taking. If less than the whole of the Premises shall be taken under eminent domain, Lessor shall
have the right either to terminate this Lease and declare same void, or require Lessee to continue
in the possession of the remainder of the Premises if such can reasonably be accomplished.
Lessor shall notify Lessee in writing within twenty (20) days after such taking of Lessor's
intention. If the Lessee is to remain in possession, all of the terms herein provided shall continue
in effect, (except that the Fixed Minimum Annual Rental shall be reduced in proportion to the
amount of the Premises, if any, taken.) All damages awarded for such taking under the power of
eminent domain, whether for the whole or a part of the Premises, shall belong to and be the
property of Lessor whether such damages shall be awarded as compensation for diminution in
value to the leasehold or to the fee of the Premises.
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15. Default of the Lessee.
Definition of Event of Default. Each of the following shall be deemed an event of default: (i)
Lessee's failure to make payment of rent or other charges as provided in this Lease; (ii) Lessee's
failure to perform any of the covenants, terms, conditions, or provisions of this Lease; (iii) if a
petition is filed by or against Lessee for relief under the bankruptcy laws, or Lessee shall make
an assignment for the benefit of creditors, or if a receiver of any property of the Lessee be
appointed in any action, suit, or proceeding by or against Lessee, or if Lessee shall admit that it
is insolvent, or it is generally not paying its debts as such debts become due, or if the interest of
Lessee in the premises shall be sold under execution or other legal process, or if Lessee shall
abandon the premises; (iv) Lessee vacates or abandons the premises without proper notice to
Lessor; (v) this Lease or the Premises or any part of the Premises are taken upon execution or by
other process of law directed against Lessee, or are taken upon or subject to any attachment at
the instance of any creditor or claimant against Lessee, and the attachment is not discharged or
disposed of within fifteen (15) days after its levy. No receipt of money by the Lessor from the
Lessee after the termination of this Lease shall reinstate, continue, or extend the term, nor affect
or waive any notice given by the Lessor to the Lessee prior to such receipt of money unless
tendered in full satisfaction of a five-day notice.
Right to Re-Enter. If the event of default is for the nonpayment of rent, Lessor shall serve a
notice for possession or payment. Unless the rent, additional rent, and any other amounts due
under this Lease are paid in accordance with the demand for possession or payment, Lessor shall
be entitled to possession of the Premises and Lessee shall have no further right to possession
under the Lease. Should Lessor elect to re-enter, as herein provided, it may from time to time,
without terminating this Lease, make such alterations and repairs as may be necessary in order to
relet the Premises, and relet said Premises or any part thereof for such term or terms (which may
be for a term extending beyond the term of this Lease) and at such rental or rentals and upon
such other terms and conditions as Lessor in its sole discretion may deem advisable.
Other Remedies. The Lessor's rights, remedies, and benefits provided by this Lease shall be
cumulative, and shall not be exclusive of any other rights, remedies and benefits allowed by law.
Estoppel. The parties agree that they shall rely solely upon the terms of this Lease to govern
their relationship. They further agree that reliance upon any representation, act, or omission
outside the terms of this Lease shall be deemed unreasonable, and shall not establish any rights
or obligations on the part of either party.
Independent Covenant. Notwithstanding anything to the contrary, Lessee acknowledges and
agrees that its obligation to pay rent under this Lease is an independent covenant, and that such
obligation to pay rent is not subject to set-off or recoupment in connection with any action for
summary proceedings to recover possession of the Premises.
16. Access By Lessor. Lessor or Lessor's agents shall have the right to enter the Premises at
all reasonable times with twenty-four(24)hours' notice to Lessee.
4
17. Miscellaneous
Waiver. One or more waivers of any covenant, term, condition, or provision of the Lease by
either party shall not be construed as a waiver of a subsequent breach of the same covenant,
term, condition, or provision, and the consent or approval by Lessor to or of any act by Lessee
requiring Lessor's consent or approval shall not be deemed a waiver of Lessor's consent or
approval to or of any subsequent similar act by Lessee.No breach of a covenant, term, condition,
or provision of this Lease shall be deemed to have been waived by Lessor, unless such waiver(i)
is in writing signed by Lessor, (ii) identifies the breach, and (iii) expressly states that it is a
waiver of the identified breach.
Observance of Lessor's Rules and Regulations. Lessee shall keep and observe such reasonable
rules and regulations now or hereafter required by Lessor that are tendered in writing to Lessee,
which may be necessary for the proper and orderly care of the Premises and the Building.
No Personal Liability. No official, officer, employee or agent of the Lessor shall be charged
personally or held contractually liable under any term or provision of this Lease, or because of
their execution, approval or attempted execution of this Lease.
No Partnership. Nothing contained in this Lease shall be deemed or construed by the parties
hereto, nor by any third party, as creating the relationship of principal and agent or of partnership
or of joint venture between the parties hereto.
Construction. Whenever herein the singular number is used, the same shall include the plural,
and the masculine gender shall include the feminine and neuter genders. The captions, section
numbers, article numbers, and index appearing in this Lease are inserted only as a matter of
convenience and in no way define, limit, construe, or describe the scope or intent of such
sections or articles of this Lease nor in any way affect this Lease.
Notice. Any notice, demand, request, consent, approval, or other instrument which may be or is
required to be given under this Lease shall be sent by overnight courier or United States certified
mail return receipt requested, postage prepaid, and shall be addressed to the addresses and
persons set forth hereunder:
Shawn K. Lee William A. Cogley
475 Dundee Avenue Corporation Counsel
Elgin, IL 60120 City of Elgin
150 Dexter Court
Elgin, IL 60120-5555
Recording. Lessee shall not record this Lease without the consent of Lessor, which may be
withheld for any reason whatsoever, in Lessor's absolute discretion.
Governing Law. This agreement shall be subject to and 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.
5
Severability. If any provision of this Lease or the application thereof to any person or
circumstances shall, to any extent, be invalid or unenforceable, the remainder of this Lease shall
not be affected thereby and each provision of the Lease shall be valid and enforceable to the
fullest extent permitted by law, and the remaining provisions of this Lease shall be interpreted so
as to nearly as possible conform to the intent of the parties as indicated in this Lease.
Compliance with Laws. Lessee shall at all times during the term of this Lease, perform and
comply with all laws, rules, orders, ordinances, regulations, requirements of law now or
hereinafter enacted or promulgated, of every governmental authority or municipality having
jurisdiction over the Premises, and any agency thereof, relating to the occupation, possession,
operation, use, management, improvement, construction, alteration, repair, maintenance, or
control of the Premises, or to the improvements or the facilities or equipment therein.
No Encumbrance to Title. Lessee shall not do any act which shall in any way encumber the
title of Lessor in and to the Premises or the improvements, nor shall the interest or estate of the
Lessor in the Premises or the improvements be in any way subject to any claim by way of lien,
mortgage or encumbrance, whether by operation of law or by virtue of any express or implied
contract by Lessee.
Joint and Collective Work Product. This Lease is and shall be deemed to construed to be a
joint and collective work product of the Lessor and Lessee and, as such, this Lease shall not be
construed against either party, as the otherwise purported draft or same, by any court of
competent jurisdiction or to resolve any inconsistencies, ambiguity, vagueness or conflict, if any,
in the terms or provisions contained herein.
Brokers. Lessee represents to Lessor that Lessee did not involve any broker in procuring this
Lease and Lessee hereby agrees to and does indemnify and hold the Lessor harmless from any
claims for brokers' fees or commissions in connection with this Lease.
Captions. The captions of sections and subsections of this Lease are for convenience only and
shall not be deemed to limit, construe, effect or alter the meaning of such sections or subsections.
Rate of Fire Insurance. Lessee shall not do or suffer anything to be done on the Premises
which will cause an increase in the rate of fire insurance on this Premises.
Counterparts and Execution. This Lease may be executed in several counterparts, all of which
shall be an original and all of which shall constitute but one in the same instrument. Each person
signing this Lease hereby warrants, states and covenants that he or she has the authority to
execute this Lease on behalf of the party whom he or she represents.
18. Disclaimers.
As Is Condition. Lessor has made no warranty, express, implied or with regard to suitability for
a particular purpose of the Premises nor any fixture nor equipment subject to this Lease. Lessee
shall return the Premises to Lessor in "as is" condition as of the date of the termination or
expiration of this Lease. Except for Lessee's obligations with respect to environmental hazards
6
with respect to the Premises as provided for below and in other provisions of this Lease, Lessee
shall not be required to make repairs prior to termination or expiration of this Lease or to restore
the Premises to the condition as existed on the Lease Commencement Date and Lessee shall not
be liable to Lessor for any damage to the Premises.
Environmental Hazards. Lessor expressly disclaims any warranty regarding the presence or
absence of any environmental hazard on, upon, beneath or within the Premises to include the
presence of asbestos or other material.
Lessee will not keep or use or permit to be kept or used in or on the premises or any place
contiguous thereto any flammable fluids, hazardous substances or explosives.
For purposes of this Lease, (a) "hazardous substances" are those substances defined as toxic or
hazardous substances, pollutants, or wastes by Environmental Law and the following substances:
gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides,
volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b)
"Environmental Law" means federal laws and laws of the jurisdiction where the Premises is
located that relate to health, safety or environmental protection; (c) "Environmental Cleanup"
includes any response action, remedial action, or removal action, as defined in Environmental
Law; and (d) an "Environmental Condition" means a condition that can cause, contribute to, or
otherwise trigger an Environmental Cleanup.
Lessee shall not cause or permit the presence, use, disposal, storage, or release of any hazardous
substances, or threaten to release any hazardous substances, on or in the Premises or the
Building. Lessee shall not do, nor allow anyone else to do, anything affecting the Premises or
the Building (a) that is in violation of any Environmental Law, (b) which creates an
Environmental Condition, or (c) which, due to the presence, use, or release of a hazardous
substance, creates a condition that adversely affects the value of the Premises or the Building.
Lessee shall promptly give Lessor written notice of(a) any investigation, claim, demand, lawsuit
or other action by any governmental or regulatory agency or private party involving the Premises
and any hazardous substance or Environmental Law of which Lessee has actual knowledge, (b)
any Environmental Condition, including but not limited to, any spilling, leaking, discharge,
release or threat of release of any hazardous substance, and (c) any condition caused by the
presence, use or release of a hazardous substance which adversely affects the value of the
Premises or the Building. If Lessee learns, or is notified by any governmental or regulatory
authority, or any private party, that any removal or other remediation of any hazardous substance
affecting the Premises or the Building is necessary, Lessee shall promptly take all necessary
remedial actions in accordance with Environmental Law. Nothing herein shall create any
obligation on Lessor for an Environmental Cleanup.
19. Taxes. Lessee shall, at Lessee's own cost and expense, bear, pay and discharge prior to
delinquency, all leasehold taxes or any other taxes which are or may be levied, charged and/or
assessed upon the Premises, the improvements and/or the leasehold of the Premises during the
term of this Lease. Lessee shall also pay all interest and penalties imposed upon the late payment
of any obligation under this section.
7
20. Insurance. As additional rent for the Premises, Lessee shall keep in force its current
policies of business liability insurance in substantially the same form as the certificate found in
Exhibit B.
21. No Alterations. Lessee shall not make or cause to be made any alteration or addition to
the Premises without prior written consent of the Lessor, and shall under no circumstances install
any additional lock or security device to the Premises or the property which could impair
Lessor's access.
22. Holding Over. In the event the Lessee retains possession of all or any part of the
Premises after the expiration of the one (1) year term of this Lease, any such holdover tenancy
shall be deemed to be a month to month tenancy between the Lessor and Lessee under the same
terms and conditions of this Lease, but with rent in the amount of$2,500 per month, and either
party may terminate such month to month tenancy upon thirty (30) days written notice to the
other party. Such monthly rent for a hold over month-to-month tenancy shall be paid by the
Lessee to the Lessor monthly on the first day of each month in advance at Lessor's address stated
in the basic lease provisions. The monthly rent during the hold over period shall automatically
be increased five percent(5%) if received by Lessor after the 5t"of the month for which it is due.
23. Damages and Negligence. Lessee shall be liable for any damage done to the Premises as
a result of Lessee's direct action, negligence, or failure to inform Lessor of repairs necessary to
prevent damage to the Premises.
24. Lessee's Personal Property. Except as provided by applicable law, Lessor shall not be
responsible for the loss of any of the Lessee's personal property in the Premises or any part of the
building. Lessee shall obtain insurance sufficient to cover all potential losses.
25. Lessor's Title. Lessee shall commit no act which could in any way encumber Lessor's
title to the property. In the event that Lessee does create any encumbrance against the title, it
shall be cured within five (5) days after written demand by Lessor. Any encumbrance created by
Lessee shall constitute a material breach of this Lease. Lessee shall be liable to Lessor for all
costs, damages and legal fees incurred as a result of any breach of this provision, to the extent
permitted by statute or local ordinance or, in the absence thereof, as incurred by Lessor.
26. Legal Expenses. Lessee shall be liable for all legal fees and costs incurred by Lessor as
a result of Lessor's efforts to enforce any provision of this lease, to the extent permitted by court
rules, statute or local ordinance or, in the absence thereof, as incurred by Lessor, including
reasonable attorneys fees.
27. Surrender of Possession. Lessee shall surrender possession of the Premises and return
the keys to the Lessor or Lessor's agent, immediately upon expiration or termination of this
Lease. Not later than the last day of the term of the Lease the Lessee shall at Lessee's expense
remove all of Lessee's personal property and those improvements made by Lessee which have
not become the property of the Lessor, including trade fixtures, cabinet work, furniture and
equipment; repair all injury done by or in connection with the installation removal of the
8
property improvements; and surrender the Premises in as good condition as they were at the
beginning of the term of this Lease, reasonable wear and tear, excepted. All property of the
Lessee remaining on the Premises after the last day of the term of this Lease shall be
conclusively deemed abandoned and may be removed by the Lessor, and Lessee shall reimburse
Lessor for the costs of such removal. Lessor may have any such property stored at Lessee's risk
and expense.
28. Heirs and Assigns. All of the promises, covenants and agreements and conditions
contained herein shall be binding upon and inure to the benefit of the heirs, executors,
administrators, successors and assigns of Lessor and Lessee.
29. Acceptance of Rent after Lessee Breach. Rent accepted by Lessor after Lessee breach
will be retained for use and occupancy of the Premises and shall not serve to extinguish Lessor's
rights or remedies hereunto relative to any lawsuit that may be filed or in progress at the time of
the Lessee breach, unless such payment is made in response to a five-day notice and satisfies the
terms and conditions therein made.
30. Time of the Essence. Time is of the essence for the payment of rent and the
performance of each and every covenant, term, agreement and condition of this Lease, and
Lessee shall be held in strict compliance with same.
31. Rules and Regulations. No animals are permitted on the Premises, without Lessor's
prior written consent which consent is deemed a license revocable within ten (10) days written
notice by Lessor. This provision shall not apply to registered service animals. The use of water
furniture is prohibited. These rules and regulations are not exhaustive and may be supplemented
or modified from time to time by Lessor upon written notice to the Lessee.
32. Abandonment. Notwithstanding anything to the contrary in this Lease, Lessor may
terminate this Lease upon five (5) days written notice to the Lessee if the Lessee has abandoned
the Premises. The Premises shall be deemed abandoned if:
(1) Actual notice has been provided to the Lessor by the Lessee indicating the Lessee's
intention not to return to the Premises; or
(2) All persons entitled under this Lease to occupy the Premises have been absent from
the Premises for a period of twenty-one (21) days, and such persons have
removed their personal property from the Premises, and rent for that period is
unpaid; or
(3) All persons entitled under this Lease to occupy the Premises have been absent from
the Premises for more than thirty (30) days, and rent for that period is unpaid.
Notwithstanding the above, abandonment of the Premises shall not be deemed to have occurred
in any person entitled to occupancy has provided the Lessor a written notice indicating that he
still intends to occupy the Premises and makes full payment of all amounts due to the Lessor.
9
33. Joint and Several Liability. All persons executing this Lease shall be jointly and
severally liable for the performance of each and every agreement covenant and obligation
hereunder.
34. Entire Agreement. This Lease and the Exhibits attached hereto and forming a part
hereof, set forth all the covenants, promises, agreements, conditions, and understandings between
Lessor and Lessee concerning the Premises and there are no covenants, promises, agreements,
conditions, or understandings, either oral or written, between them other than are herein set forth.
No alteration, amendment, change, or addition to this Lease shall be binding upon Lessor or
Lessee unless reduced to writing and signed by the party to be charged.
IN WITNESS WHEREOF, Lessor and Lessee have signed this Lease as of the day and year first
above written.
LESSEE: LESSOR:
SHAWN K. LEE CITY OF ELGIN
By: By:
Shawn K. Lee David J. Kaptain, Mayor
Attest:
City Clerk
F:\Legal Dept\Agreement\Lease-475 Dundee Avenue-clean 9-17-14.docx
10
EXHIBIT A
LEGAL DESCRIPTION FOR 475 DUNDEE AVENUE
ELGIN. ILLINOIS 60123
PIN: 06-12-379-024,with approximate lot area of 6,055 square feet,to be inserted per survey.
11
Shawn Lee 847-229-5474 p.1
®Allstate. 1 t-
You'm inVo dhands. �&V ` k "-- �y t - '_VII� l� --11 �••r 44" DM Cw oz 0110
Policy Number
648532052
COMMON POLICY DECLARATIONS
Allstate Insurance Company
2775 Sanders Road,Northbrook, IL 60062
A STOCK INSURANCE COMPANY
Item 1. Named Insured and Mailing Address Agent Name and Address
SM PAL-HURST CLEANERS INC. YONG JUN INS
1708 REGENCY CT 628 W ALGONQUIN RD
MOUNT PROSPECT IL 60056-1982 DES PLAINES IL 60016
Item 2. Policy Period From: 11-06-2013 To: 11-06-2014
at 1201 A.M.,Standard Time at your mailing address shown above.
Item 3. Business Description:
Form of Business: CORPORATION
Item 4. In return for the payment of the premium,and subject to all the terms of this policy,we agree with you to
provide the insurance as stated in this policy.
This policy consists of the following coverage parts for which a premium is indicated. Where no premium is shown,there
is no coverage. This premium may be subject to adjustment.
Coverage Parts) Premium
Commercial Property Coverage Part
Commercial General Liability Coverage Part
Crime and Fidelity Coverage Part
Commercial Inland Marine Coverage Part
Commercial Auto(Business or Truckers)Coverage Part
Commercial Garage Coverage Part
BUSINESSOI/MERS POLICY $ 1,238.00
Terrorism Risk Insurance Act Coverage $ 70. 00
Total Policy Premium $ 1,308.00
Item 5. Forms and Endorsements
Form(s)and Endorsements)made a part of this policy at time of issue:
See Schedule of Fomns and Endorsements
Countersigned:
Date: 05-30-14 By: YONG JUN INS
Authorized Representative
THIS COMMON POLICY DECLARATION ANO THE SUPPLEMENTAL DECLARATION(S),TOGETHER WITH THE COMMON POLICY CONDITIONS,
COVERAGE PART(S),COVERAGE FORM(S)AND FORMS ANO ENDORSEMENTS,iF ANY,COMPLETE THE ABOVE NUMBERED POLICY.
BU114R-3 DAI-G'W 02 0110 Allstate Insurance Company
Ineuretl FA Copy
Shawn Lee 847-229-5474 p•2
®Allstate.
� 1 �-
Klnboodlwna:. QDII CW 12 01 10
Pocky Number
648532052
SCHEDULE OF FORMS AND ENDORSEMENTS
Allstate Insurance Company
Named Insured SM PAL-HURST CLEANERS INC. EtlectiveDate: 11-06-13
12:01 A.M., Standard Time
Agent Name YONG JUN INS
COMMON POLICY FORMS AND ENDORSEMENTS
DM CW 02 01-10 COMMON POLICY DECLARATIONS
AM CW 02 11-09 WITNESS CLAUSE
DM CW 12 01-10 SCHEDULE OF FORMS AND ENDORSEMENTS
DM CW 14 01-10 SCHEDULE OF LOCATIONS
BUSINESSOWNERS FORMS AND ENDORSEMENTS
DB CW 01 01-10 BUSINESSOWNERS POLICY DECLARATIONS
DB CW 02 01-10 BUSINESSOWNERS POLICY DECLARATIONS-2
BP 05 i5 01-08 DISCLOSURE PURSUANT/TERROR INS ACT-2002
*HB CW 03 11-09 EQUIPMENT BREAKDOWN COVERAGE
*BP 01 54 01-10 ILLINOIS CHANGES
*BP 06 43 04-06 ILLINOIS CHANGES - DEFENSE COSTS
*AB CW 01 11-09 EXCLUSION ASBESTOS
AB CW 02 11-09 AMENDATORY ENDORSEMENT
*BP 00 03 C1-10 BUSINESSOWNERS COVERAGE FORM
*BP 04 17 C1-10 EMPLOYMENT - RELATED PRACTICES EXCLUSION
BP 04 48 01-06 ADDL INSD-DESIGNATED PERSON/ORG.
*BP 04 93 01-06 TOTAL POLL EXCL W/BLDG HEATING EQ EXC
*BP 05 01 07-02 CALCULATION OF PREMIUM
*BP 05 17 01-06 EXCLUSION-SILICA OR SILICA-RELATED DUST
*BP 05 23 01-08 CAP/LOSSES FROM CERTIFIED ACTS OF TERROR
*BP 05 38 •06-08 LTD TERROR EXCL/CAP-CERT LOSSES TERROR
*BP 05 77 01-06 FUNGI OR BACTERIA EXCLUSION (LIABILITY)
* These forms are part of this policy but are not printed
81,114R-3 DM CW 12 01 10 Allstate Insurance Company
insured Full COPY
Shawn Lee 847-229-5474 p•3
QAIlstatee
Yours in Head han]i,. J p--
PoGcy Number
648532052
SCHEDULE OF LOCATIONS
Allstate Insurance Company
Named Insured SM PAL-HURST CLEANERS INC. Effective Dale: 11-06-13
12:01 A.M., Standard Time
Agent Naive YONG JUN INS
Designated Locations Occupancy
No. No. (Address,City, State, Zip Code)
001 001 75 DUNDEE AVE, ELGIN, IL 60120-3830
0 OB 824 N ELMHURST RD, PROSPECT HEIGHTS, IL
60070-1132
OX0X 1350 E CHICAGO ST UNIT 27, ELGIN, IL
60120-4724
BU113R-3 DM CW 14 0110 Allstate Insurance Company
Insured full Copy
Shawn Lee 847-229-5474 p.4
Allstate.
Policy Number:
648532052
BUSINESSOWNERS POLICY DECLARATIONS
Allstate Insurance Company
Named Insured: SM PAL-HURST CLEANERS INC. Effective Date:-11-06-2013
12:01 A.M., Standard Time
Agent Name: YONG JTJN INS
Described Premises: See Schedule of Locations
M me and Address: S
Holder Name Schedule Of Mortgagees
SECTIONI-PROPERTY
Blanket Insurance
Blanket# Type of Property Limit of Insurance
Deductibles(Apply per location,per occurrence)
Property Optional Coverage(Other Than Equipment Windstorm or Hail Percentage
Pmm No. Deductible Breakdown Protection Coverage)Deductible Deductible
001 $ 1, 000 $ 500
For Additional Deductible Information: See Schedule of Deductibles
Additional Coverages-Optional Higher Li nits 1 Extended Number Of Days(Per Policy)
Additional Limit of Insurance/
Coverage Premium Extended Number of Days
Forgery or Alteration
Business Income—Extended Number of Days for Ordinary Days
Payroll Expense
Extended Business Income—Extended Number of Days Days
Electronic Data-Increased Limit Section I Pr
Interruption of Computer Operations -Increased Unit
Other. See Schedule of Additional Coverages—Per Policy
Additional Coverages-O WrIal H' her Per Premises
Additional
Coverage Prem No. Premium Limit of Insurance
Other: See Schedule of Additional Cover -Per Premises
Optional Optional Revised Time
Prem No. Deductible Deductible
Equiprient Breakdown Protection Cover
R rIl. Other: See Equipment Breakdown Protection Coverage Schedule
THESE DECLARATIONS ARE PART OF THE POLICY DECLARATIONS CONTAINING THE NAME OF THE INSURED AND THE POLICY PERIOD.
BU1 4R-3 DB CW 01 01 10 Copyright, Insurance Services Office, Inc.,2009
Allstate Insurance Company
lnswea Fvl Copy
Shawn Lee 847-229-5474 p•5
®Allstate.
SECTION II—LIABILITY AND MEDICAL EXPENSES
Each paid claim for the following coverages reduces the amount of insurance we provide during the applicable annual
period. Please refer to Section ll-Liability in the Businessowners Coverage Form and any attached endorsements.
Coveirage Limit of Insurance
Liability And Medical Expenses 1, 000, 000 Per Occurrence
Medical Expenses 5,000 Per person
Damage To Premises Rented To You 50,000 An One Premises
Other Than Products/Completed O iLeratilons Aggregate $ 2, 000, 000
Products/Completed Opemlons Aggregale 2, 000, 000
Optional Coverages—Applicable only if an'X"is shown in the boxes below:
Coverage Limit of Insurance
Broadened Coverage For Damage to Premises Per Occurrence
Rented to You
Sell-storage Facilities—Customer Goods Legal Per Occurrence
Liability(Optional Increased Limits)
F-1 Molds—Liability for Guests'Property Per Occurrence
(Optional Um ts) Per Guest
❑ Moiels--Liabift for Guests'Property In Safe Per Occurrence
Deposit Boxes
ffDeductible
al Property Damage Liability Deductible:
Per Claim Per Occurrence
Forms and Endorsements: See Schedule of Forms and Endorsements
Premium for this Businessowners Policy: $1,308. 00
THESE DECLARATIONS ARE PART OF THE POLICY DECLARATIONS CONTAINING THE NAME OF THE INSURED AND THE POLICY PERIOD.
BL,114R_3 DB CW 01 01 10 Copyright,Insurance Services Office, Inc.,2009
Allstate Insurance Company
Irsured Ful Copy
Shawn Lee 847-229-5474 p•6
®Allstate. - b�,,,. �w
Property Details
Pr Covera a Limits of Insurance
Actual Business
Cash Auto Personal
Value of Incr Property-
Type of Property(Building Or Bldg- Bldg. Seasonal
Prem Bldg Business And Personal Option Limit Increase Blanket#
No. No. Pr (YIN) (%)" (%) If applicable Limit of Insurance'
ooi. ooi Build N 4 174,720
D o i o 01 Business Personal Property N 25 $ 85, 000
'Includes Automatic Increase Building Limit Percentage
"This percentage can only vary by premises,not by building.
Optional Coverages-Applicable only if an T'is shown in the boxes below:
Coverage Limit of Insurance
Outdoor Signs Per Occurrence
Money And Securities $ 10, 000 Inside the Premises
$ 5, 000 Outside the Premises
F] Employee Dishonesty Per Occurrence
0 Equipment Breakdown Protection Coverage Included
Burglary And Robbery
(Named Peril Endorsement only)
Money And Securities (Amount included when Inside the Premises
Burglary and Robbery Option is selected) Outside the Premises
0 Other(specify):Please see the Schedule of Optional Coverages
Additional Coverages I Coverage Extension-Optional f Higher Per Classification
Coverage Class Code Additional Premium Limit of Insurance
Business Income-Dependent Properties
Accounts Receivable
Valuable Papers and Records
Outdoor Properly
Other: See Schedule of Additional Coverages Per Classification
Earthquake/Volcanic Act Percentage Deductible:
THESE DECLARATIONS ARE PART OF THE POLICY DECLARATIONS CONTAINING THE NAME OFTHE INSURED AND THE POLICY PERIOD.
BU114Fi-3 DB CW 02 01 10 Copyright, Insurance Services Office, Inc.,2009
Allstate Insurance Company
Insired rill Copy