08-315 44
Resolution No. 08-315
RESOLUTION
AUTHORIZING EXECUTION OF A REDEVELOPMENT AGREEMENT WITH
JOSHUA HARRIS FOR REDEVELOPMENT OF 373 PARK STREET
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS,that
Ed Schock, Mayor, and Diane Robertson, City Clerk, be and are hereby authorized and directed to
execute a Redevelopment Agreement on behalf of the City of Elgin with Joshua Harris for
redevelopment of the property at 373 Park Street,a copy of which is attached hereto and made a part
hereof by reference.
s/Ed Schock
Ed Schock, Mayor
Presented: December 17, 2008
Adopted: December 17, 2008
Vote: Yeas: 5 Nays: 0
Attest:
s/Diane Robertson
Diane Robertson, City Clerk
REDEVELOPMENT AGREEMENT
THIS AGREEMENT is made and entered into this /Ixiv day of 1_cx,•vt?,e.R„2008,by
and between the City of Elgin, Illinois, a municipal corporation, (hereinafter referred to as "City")
and Joshua Harris, the title holder or sole beneficial owner of the real property located at 373 Park
Street, Elgin, IL, 60120 (hereinafter referred to as the "Grantee").
WITNESSETH:
WHEREAS, the Grantee is the owner of the property commonly known as 373 Park Street,
Elgin, Illinois, 60120(hereinafter referred to as the"Subject Property"); and
WHEREAS, Grantee has proposed to renovate the Subject Property in accordance with the
description thereof and the floor plans therefore attached hereto and made a part hereof as Exhibit 1
(such plans are hereinafter referred to as the"Subject Renovation Plans" and the renovation of the
Subject Property pursuant to the Subject Renovation Plans is hereinafter referred to as the
"Renovation of the Subject Property"); and
WHEREAS, the Subject Property consists of four (4) dwelling units, the Subject Property
having previously been converted from its original single family residential use to four(4)dwelling
units; and
WHEREAS,the Renovation of the Subject Property includes removing three(3)dwelling units
thereby restoring the Subject Property to its original residential use as a single family residence;and
WHEREAS, as part of the Renovation of the Subject Property and specifically Grantee's
removal of three (3) dwelling units at the Subject Property the Grantee has made an application to
the City for a grant in the amount of$90,000 pursuant to the City's Residential Conversion Grant
Program provided for in Chapter 2.29 of the Elgin Municipal Code,such application being attached
hereto and made a part hereof as Exhibit 2; and
WHEREAS, as part of the Renovation of the Subject Property the Grantee has also made an
application to the City for a grant in the amount of $20,000 pursuant to the City's
50/50 Historic/Architectural Rehabilitation Grant Program provided for in Chapter 20.15 of the Elgin
Municipal Code to perform certain exterior renovation work to the Subject Property as specified in
such application, such application being attached hereto and made a part hereof as Exhibit 3; and
WHEREAS, the Grantee has further requested from the City additional redevelopment
assistance for the Renovation of the Subject Property in the amount of$30,000 which would result in
the City providing redevelopment assistance for the renovation of the Subject Property in the
amounts of $90,000 for the Residential Conversion Grant Program, $20,000 for the
Historic/Architectural Rehabilitation Grant Program, and an additional sum of $30,000 in
redevelopment assistance, for total payments to Grantee in the amount of$140,000; and
WHEREAS, the Renovation of the Subject Property will further the goals of the City's
Residential Grant Conversion Program,the City's 50/50 Historic/Architectural Rehabilitation Grant
Program, will encourage additional redevelopment and renovations of properties in the area of the
Subject Property, and will likely result in increasing tax revenues to the City from the Subject
Property and surrounding properties.
NOW, THEREFORE, for and in consideration of the mutual promises and undertakings
contained herein, and other good and valuable consideration, the sufficiency of which is hereby
mutually acknowledged, the parties hereto agree as follows:
1. Grantee shall at his cost complete the Renovation of the Subject Property in accordance with
the Subject Renovation Plans for the Subject Property. For the purposes of clarification, and
without limiting the alterations and renovations provided for in the Subject Renovation Plans,
Grantee agrees that the Renovation of the Subject Property will include,but not be limited to,
the removal of three(3)dwelling units at the Subject Property thereby restoring the property to
its original use as a single family residence, and performing all of the work in Grantee's
application to the City under the 50/50 Historic/Architectural Rehabilitation Grant Program,
attached hereto as Exhibit 3. For purposes of further clarification,the work to be performed by
the Grantee under the 50/50 Historic/Architectural Rehabilitation Grant Program shall include
among other matters restoring the front porch including the handrail, spindles,bottom rail and
skirting;restoring the side porch including the structural supports,flooring,columns,handrails,
spindles, bottom rail, and frieze board; restore board-n-batten siding including replacing
damaged rotten elements, scrape and paint; repair and replace damaged and missing trim
elements including wood window hoods, soffit, fascia and bargeboards; and repair existing
original wood windows. .
2. Grantee agrees that in conjunction with the Renovation of the Subject Property the Grantee
shall comply with all of the terms and requirements of the City's Residential Grant Program
pursuant to Chapter 2.29 of the Elgin Municipal Code, 1976, as amended. Grantee agrees to
and also shall comply with all of the terms and requirements of the City's
50/50 Historic/Architectural Rehabilitation Grant Program pursuant to Chapter 20.15 of the
Elgin Municipal Code, as amended. Without limiting the foregoing, Grantee shall obtain a
certificate of appropriateness for all exterior work and all exterior work shall be in
conformance with the Elgin Design Guidelines Manual and in conformance with all other
applicable codes and ordinances
3. Notwithstanding anything to the contrary in this Agreement, it is expressly agreed and
understood by the Grantee that in performance of this Agreement and the Renovation of the
Subject Property the Grantee shall comply with all applicable federal, state, city and other
requirements of law. Grantee shall also at his expense secure all permits and licenses,pay all
charges and fees and give all notices necessary and incident to the due and lawful prosecution
of the work necessary to provide for the Renovation of the Subject Property as described in this
Agreement. All of the Renovation of the Subject Property shall be in compliance with all
requirements of law. All costs of the Renovation of the Subject Property shall be paid by the
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Grantee and the City shall have no responsibility for same,with the sole exception of the grants
and redevelopment assistance the City has agreed to pay pursuant to the terms of this
Agreement.
4. It is agreed that Grantee has previously commenced with the Renovation of the Subject
Property. Grantee shall continue with such renovation in as expeditious a manner as is
reasonably practicable. Grantee shall complete the Renovation ofthe Subject Property no later
than May 31, 2009.
5. In the event the Grantee fails to complete the Renovation of the Subject Property on the date
specified in this Agreement,it is agreed and understood that the City will not be providing any
grant funds or other development assistance for the Renovation of the Subject Property and the
City shall have no liability for same and all funds previously paid by the City to the Grantee
shall promptly be refunded by the Grantee to the City.
6. Time is of the essence of this Agreement.
7. The failure by a party to enforce any provisions of this Agreement against the other party shall
not be deemed a waiver of the right to do so thereafter.
8. This Agreement is and shall be deemed and construed to be a joint and collective work product
of the City and the Grantee, 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.
10. This Agreement shall be binding on the parties hereto and their respective successors and
permitted assigns. This Agreement and the obligations herein may not be assigned without the
express written consent of each of the parties hereto,which consent may be withheld at the sole
discretion of either of the parties hereto.
11. This Agreement is not intended and shall not be deemed or construed to create an employment,
joint venture, partnership or other agency relations between the parties hereto.
12. Grantee shall submit to the City monthly progress reports detailing the progress being made on
the Renovation of the Subject Property and a final report on the completed Renovation of the
Subject Property.
13. Grantee represents and warrants that he is the owner of the Subject Property and the structure
thereon which is to be converted to its original residential use as defined above, and is at least
eighteen(18) years of age.
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14. Grantee shall obtain a Conversion Permit and insure that all necessary permits for all interior
and exterior alterations to be performed on the Subject Property are obtained prior to initiating
any work. All such permits shall be retained until completion of the work.
15. Grantee shall not sell, convey or otherwise transfer their interest in the Subject Property prior
to the issuance of a letter of completion and compliance by the City.
16. Upon completion of the Renovation of the Subject Property,Grantee shall provide to the City:
a. Copies of all contracts/work proposals from contractors performing work.
b. Invoices itemizing eligible material and labor and stamped paid receipts
therefore evidencing proof said materials and labor have been paid in full.
c. Final waivers of lien from all contractors that performed work relating to the
Renovation of the Subject Property.
d. A letter from the Code Administration and Development Services
Department confirming the final inspection and the change in land use to the
original single family residential use.
17. Once the Renovation of the Subject Property has been completed,the Grantee and Grantee's
successors and assigns shall maintain the Subject Property as a lawful, conforming single
family residential property in compliance with all applicable ordinances and requirements of
law.
18. In consideration of Grantee completing the Renovation of the Subject Property as described in
this Agreement, the City agrees to pay to the Grantee redevelopment assistance in the total
amount of S140,000 as follows:
a. The City agrees to pay the Grantee a grant in the total amount of$90,000
pursuant to the City's Residential Conversion Grant Program in consideration
of the Grantee removing three(3)dwelling units at the Subject Property and
returning the Subject Property to its original residential use of a single family
residence. It is acknowledged that the City has previously paid to the Grantee
$75,000 of such grant. The balance of such grant in the amount of$15,000
shall be paid by the City to the Grantee within thirty (30) days following
Grantee's completion of the removal of the three (3) units from the Subject
Property and the completion of the Renovation of the Subject Property,with
the exception of portions of the exterior painting, on or before January 31,
2009.
b. The City agrees to pay the Grantee a grant in the amount of$20,000 pursuant
to the City's 50/50 Historic/Architectural Rehabilitation Grant Program in
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consideration of the Grantee completing the exterior renovations to the
Subject Property as set forth in Grantee's application to the City's 50/50
Historic/Architectural Rehabilitation Grant Program,such application being
attached hereto as Exhibit 3. Said grant funds in the amount of$20,000 shall
be paid by the City to the Grantee within thirty (30) days following the
Grantee's completion of the exterior renovations to the Subject Property as
identified in Exhibit 3 and as further described in Section 1 hereof and the
Grantee's completion of the Renovation of the Subject Property on or before
May 31, 2009.
c. The City agrees to pay the Grantee the additional redevelopment assistance
for the Renovation of the Subject Property in the amount of$30,000. The
City agrees to pay the Grantee such additional redevelopment assistance
within thirty(30) days of the Grantee's completion of the Renovation of the
Subject Property,with the exception of portions of the exterior painting,on or
before January 31, 2009.
19. The City agrees to provide the funding provided for in this Agreement within thirty(30)days
from the completion of the conversion work and submittal of all documentation that
substantiates the completion of work and compliance with the City Municipal Code and
regulations promulgated thereunder. Required documentation includes verification that
permits were issued and closed, substantiation that all materials and labor related to the
conversion work as specified in the conversion work list have been paid in full,final waivers of
lien, and a Land Use Status Change Letter from the Code Administration and Development
Services Department.
20. Grantee shall sign the Property Lien Form in substantively the same form as provided by
Exhibit 4, attached hereto and made a part hereof within five (5) days of execution of this
Agreement. Such lien shall be in the amount of$100,000. City shall record said lien at
Grantee's sole expense against the Subject Property as security in the event Grantee fails to
complete the conversion project described herein or breaches this Agreement in any way.
Upon satisfactory performance of this Agreement and of said conversion project, City shall
provide Grantee with a release of the aforementioned lien. Grantee shall cooperate with City
and shall execute any and all documents as may be necessary to perform the intended effect of
this Agreement,including,but not limited to executing all documents necessary to correct any
errors or omissions.
21. Grantee shall use all funds paid by City pursuant to this Agreement exclusively for the
Renovation of the Subject Property as described in this Agreement. Any funds not so utilized
by Grantee on or before May 31, 2009, shall be refunded to City on or before May 31, 2009.
22. Grantee hereby agrees to the fullest extent permitted by law to indemnify, defend and hold
harmless City, its officers, employees, agents,boards and commissions from and against any
and all causes of action, suits, claims for damages, and any and all other liability, which may
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arise out of or relate to this Agreement or the Renovation of the Subject Property in any way.
In the event of any action against the City, its 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 City's choosing. The provisions of this
paragraph shall survive any termination and/or expiration of this Agreement. In no event shall
City be liable for monetary damages to Grantee for any reason, including,but not limited to,
compensatory, consequential or incidental damages or attorneys' fees.
24. Grantee shall supervise and monitor the performance of the work in order to ensure compliance
with all grant program requirements and all applicable city codes and ordinances.
25. Venue for the resolution of any disputes or the enforcement of any rights arising out of or in
connection with this Agreement shall be in the Circuit Court of Kane County, Illinois.
26. 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. This Agreement shall not be modified or amended other than by written agreement of the
parties hereto.
28. In the event that Grantee breaches the terms or provisions of this Agreement, Grantee shall
refund all monies paid to Grantee by City upon fifteen (15) days written demand. This
provision shall survive the termination of this Agreement, and shall not be construed as a
limitation on City's rights under law.
Signatures:
CITY OF ELGIN JOSHUA . ' '
ED SCHOCK, MAYOR
Date: DECEMBER 17, 2008 Date: /Z C,3e
Attest:
CITY CLERK
F:\Legal Dept\Agreement\Redevelopment Agreement-373 Park St.doc
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EXHIBIT 1
SUBJECT RENOVATION PLANS FOR 373 PARK STREET
ELGIN, ILLINOIS 60120
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Narrative Description of Redevelopment of 373 Park Street
Background
The subject property was a four-unit multi-family residence that is currently undergoing a
conversion back to its original use as a single family home. The structure is listed as
significant in the National Register of Historic Places survey of the District completed in
1983. The survey identifies the structure as the Louis Yarwood Residence constructed
circa 1850. This is the only example of Carpenter Gothic architecture in the historic
district.
Scope of Work
The contractor removed one unit from the basement, one unit from the first floor, and one
unit from the second floor. This involved gutting the house to the studs, removing all
existing plumbing, HVAC ducts, and electrical boxes, chases and wires. During this
process, it became evident that the house had been added onto by enclosing two rear
porches. These porches were not structurally sound and were removed from the building
as well. In order to regain square footage the contractor rebuilt the rear addition
including new foundation, load-bearing walls, and roof. Additionally, the roof trusses on
the main house were failing from severe deterioration. Working with local code officers,
the contractor rebuilt the roof framing from underneath. This innovative approach
negated the need to completely remove the entire roof, a significant feature. In doing so
the contractor raised the ceiling height on the second floor, gaining headroom in the
formerly cramped bedrooms.
With the building structurally sound again, a new floor plan was created to fit a modern
lifestyle. The foyer remains intact with its original spiral staircase to the second floor.
To the left of the foyer is a living room/library, once the formal parlor. Going straight
from the foyer, you enter the new kitchen which is open to the informal eating area to
your left. This open floor plan was created by relocating the stairs to the basement. A
hallway off the eating area takes you to the master suite with a walk-in-closet and bath.
Also down the hallway are a closet and a half bath before you exit the back of the house
onto a new deck.
The second floor hall includes a vaulted ceiling at the top of the stairs in the tower. The
second floor has two bedrooms and a bath. Closets were added in each bedroom. A
previously small bedroom was turned into a large bath.
In the basement, the original floor was a mixture of brick, dirt, and broken up concrete. It
was leveled out with a new layer of concrete creating a whole new livable space. The
contractor laid out a home office, informal living space, laundry room, electrical closet,
and a full bath.
On the interior, the house received a completely new HVAC system with a high
efficiency forced air furnace, ductwork and registers. The electrical service was
upgraded to meet modern needs with a new service panel, hard conduit, wires, outlets,
and switches. The plumbing system was also completely redone.
Finishes in the house include oak floors throughout with ceramic tile in the bathrooms.
New base boards, door and window trim, and crown molding have been added. Solid six
panel doors have been installed. The kitchen features stainless steel appliances, cherry
cabinets, and Corian countertops. The bathrooms have porcelain fixtures and Corian
countertops.
The exterior of the home had many of its original architectural features but they had
severely deteriorated due to neglect. First, the roof of the building received a complete
tear-off of the two layers of asphalt shingles and original cedar shingles. The roof was
recovered with plywood, felt and 30 year architectural asphalt shingles. New gutters and
downspouts were installed.
The front porch had the original columns and frieze details but everything else was
removed and restored accurately. This includes the newel posts, top rail, spindles,
bottom rail and skirting. On the side porch, the existing structure including original
paired columns was structurally unsound. The porch was completely removed and
rebuilt. This included replicating the porch post and adding historically accurate railings
and spindles from shadow lines.
Other architectural details, like the window hoods,window sills, bargeboards, and
exposed roof rafters were repaired or replaced if deteriorated. Even the original chimney,
deemed structurally unsound, was removed and rebuilt. The original board and batten
siding was hand-scraped, primed and painted. The main body of the house is light purple
with the exposed foundation light green. The water table and other decorative elements
are forest green. Window hoods, porch details, and the bargeboard are mulberry, tan, and
black.
The windows through out the home were in various degrees of deterioration, some
original others added or changed through the years. Three original single hung four over
four wood windows with the distinctive lancet shape were restored. Thirteen original
double hung four over four wood windows were restored. Two original six over six
double hung wood windows were restored. Four double hung one over one wood
windows on the second floor were repaired. Two inappropriate window replacements on
the west side were removed and replaced with double hung four over four wood
windows. Four inappropriate windows on the enclosed porches were removed and
replaced with two four over four double hung wood windows. Two non-original
windows were removed and not replaced. All the original restored windows received
new aluminum storm windows.
The landscape of the lot was mostly maintained. A decorative wrought iron railing was
added along the front retaining wall of the building. The driveway which was stone, was
paved in asphalt. The detached garage was painted to match the house.
EXHIBIT 2
GRANTEE'S APPLICATION FOR A RESIDENTIAL CONVERSION GRANT FOR
373 PARK STREET, ELGIN,ILLINOIS 60120
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RESIDENTIAL CONVERSION GRANT PROGRAM
2008 GRANT APPLICATION
I Coame of Grantee J_. / s Co Grantee's SS# gzcig?-33
Property Address 31-3 T t_ Zip Code (LS (a
Grantee's Address 5-7° I , -Ceirl C 7-
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City "7-- t) State (--- Zip Code 6_0/tO
Phone Nt ers: Home ?Vi-42-0 V Work ?(//-81n-
/ -81n- Cell 49- 236
Total #of Units to be Eliminated 3 Final#of Units after Conversion /
Property is Held by: Individual r( Corporation Partnership Trust
Federal Tax I.D. Number(for other thane an Individual): _
Date Property was Acquired z0/OO Outstanding Code Violations Yes l?- No
Description of Proposed Conversion Work , PP!" , b J , ,d
Q ‘'n6-1 -+►4.416-- 3 \LL'rc.4(4 /l}e i Cccer_imA( f Af'ti
IN,Jw-b ( /‘.L.J 1'H\A-C ( ALS \rtA J(r-GA7
Estimated Cost of Conversion Work
I/We he eby r;present that the information contained in this application and documentation
provi .%� s t ;i; and correct to the best of my/our knowledge.
il . _ 17 0,/
ifs tee(s) Date
/////112'C
iI62' ,24.7 A
Michael Millikan, P ogram Manager Date
City of Elgin
EXHIBIT 2
:J
EXHIBIT 3
GRANTEE'S APPLICATION FOR A 50/50 HISTORIC/ARCHITECTURAL
REHABILITATION GRANT FOR 373 PARK STREET, ELGIN,ILLINOIS 60120
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ELGIN HISTORIC ARCHITECTURAL REHABILITATION GRANT PROGRAM
50/50, 75/25, and Exterior Paint Programs - Year 2008
FORM A 2008
PART 1 2 2 �"j J� 1
Property Address: 3 73 7-i �_1 •
Applicant Name: j()(h 71k Y r I S SS#: 3�,( - U/ J - YoAbe•
Mailing Address: 5 70 A) • Spr-1 rr C, JT•
City: __,) +f` State IL Zip: (PO/ Daytime Telephone:( ! t ) LAN - 2,36.07
NOTE:If the applicant is not the owner,he/she must be authortzed by the owner to commit to changes proposed on the properly.
PART 2
Do you live on the property? yes }l no
Do you rent or own? _rent >4-own
Number of dwelling units on property. —V1 __2 _3 `4
Number of street frontages. ,1 _2 _3
(If more than one,please name the Streets that the property fronts onto)
Street Names:
PART 3 /
Please describe the work you propose to undertake on the exterior of the property. This should include changes
and alterations to the building(s), and must itemize all features to be removed and/or added. Indicate the type of
material to be used when replacing features. (Use additional pages if necessary.)
b 5--y c bay . SL-c-eX t r-- - 7b rc.ke s
ke5ore t u lade u}
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PART 4
Are you applying for the0/50 Program 0 *75/25 Program 0 *Exterior Paint Program
(Please check the relevan boxes) For additional information on the programs, consult the Program Procedures.
*If applying for the 75/25 or Exterior Paint program,please fill out FORM B and submit with completed
FORM A.
EXHIBIT 3
PART
Please provide a brief description of each item of work you are proposing. Next to the description for each item,
list the estimated cost for completion provided by each of your two contractors. List the name of the contractor
who provided each estimate beneath the cost. If you plan to complete an item of work on your own,please submit
a cost estimate for materials to be used.
(Note:funding will be reimbursed only for material costs ifyou complete the project on your own.)
Item # Description of Work Cost- Estimate# 1 (S) Cost-Estimate#2 (S)
rr Contractor Name Contractor Name
1. poic--APs/wii,v10ws Cost: 41/' 00
SlQ�r2 Cost: YZ
I Name: J pj /,-r,3 Name: Klan d o Wi J PC,
?. Cost: Cost:
Name: Name:
3. Cost: Cost:
Name: Name:
4. Cost: Cost:
Name: Name:
5. Cost: Cost:
Name: Name:
6. Cost: Cost:
I Name: Name:
.
7. Cost: Cost:
Name: i Name:
S. Cost: I Cost:
Name: ( Name:
9. Cost: Cost:
Name: Name: I�
Total Cost of Project* 5 g LJ/j &OO j g 1.12 3-"Ci
*for Staff use only. Total cost will be determined by using the lowest reasonable bid for each item of work. This
information will not affect your choice of contractor.
Note: Applications will not be considered unless minimum of two contractors estimates (or one material
estimate)are submitted for each it- f w•or
pAt
Applicant's Signature: ,. ,EM' Date:
Owner's Signature: Date:
EXHIBIT 4
NOTICE OF RESIDENTIAL
CONVERSION LIEN
This lien agreement is hereby
made and entered into this ? day of
IC—C -0��C 2,,2008, by and between
the CITY OF ELGIN, ILLINOIS, a
municipal corporation, (hereinafter
referred to as "City") and
Joshua B. Harris, the title holder or sole beneficial owner of the real property commonly known as
373 Park Street, Kane County, Illinois, Permanent Index Number 06-13-176-003, (hereinafter
referred to as"Subject Property"), and legally described as follows:
That part of Lots 8&9 of B.W.Raymond's Addition to Elgin,described as follows:
Commencing at the Northeast Corner of said Lot 9; thence West along the North
line of said Lot, 61 feet for the point of beginning; thence South parallel with the
East line of said Lot, 93 feet 9 inches to a point 96 feet North of, as measured along
the last described line extended South,the North line of North Street; thence West
Parallel with the North line of said Lot, 33 9 inches; thence South parallel with the
East line of said lot, 5 feet; thence West parallel with the North line of Lot 9
aforesaid, 70 feet 3 inches to the East line of said Lot 8; thence West parallel with
the East line of said Lot 8 aforesaid, 24 feet 9 inches; thence North parallel with the
East line of said Lot 8, 98 feet 9 inches to the North line of said lot, thence East
along the North line of Lots 8 & 9 aforesaid, 128 feet 9 inches to the point of
beginning, (Except that part of said Lots 8 and 9, described as follows:
Commencing at the Northeast corner of said Lot 9;thence West along the North line
of said lot, 61 feet;thence South parallel with the East line of said Lot 93.75 feet to
a point 96 feet North of, as measured along the last described line,extended South,
the North line of North Street;thence West,parallel with the North line of said Lot,
33.75 feet; thence South parallel with the East line of said Lot, 5 feet;thence West
parallel with the North line of said Lot, 53.2 feet for the point of beginning,thence
continuing West parallel with the North line of said Lot, 16.83 feet to the East line
of said Lot 8; thence West parallel with the North line of said Lot 8, a distance of
24.67 feet;thence North,parallel with the East line of Lot 8 aforesaid,95.08 feet to
the North line of said Lot 8;thence East along the North line of said Lots 8 and 9, a
distance of 41.4 feet; thence south, along a line which forms an angle of 89 degrees
6 minutes 25 seconds to the right with the prolongation of the last described course,
96.76 feet to the point of beginning) in the City of Elgin, Kane County, Illinois.
WHEREAS, Joshua B. Harris,(hereinafter referred to as "Property Owner") has made an
application to the City for Residential Conversion Grant Program funds to be used for certain interior
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and exterior structural renovations to the Subject Property; and
WHEREAS, the City has provided funds for the Residential Conversion of the property
described herein to Property Owner in the amount of Seventy-Five Thousand Dollars ($75,000).
NOW,THEREFORE,the parties hereto agree that the City of Elgin shall have a lien against
title to the Subject Property in the amount of Seventy-Five Thousand Dollars ($75,000), at nine
percent(9%) annual interest. Interest shall not begin to accrue for a period of six months following
the effective date of this lien agreement.
This lien shall be effective as to the Subject Property from the date of this li .
CITY OF ELGIN, ILLINOIS PROPER ° O , :►v
Y ZiszSr,meiery __
t4 5 .� rrIgtx3e.e
Prepared by: William A. Cogley, City of Elgin, 150 Dexter Court, Elgin, IL 60120-5555
After Recording Return to:Michael Millikan, City of Elgin, 150 Dexter Court,Elgin,IL 60120-5555
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