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T26-05 (2) Ordinance No. T26-05 AN ORDINANCE PROVIDING FOR THE REIMBURSEMENT FROM BENEFITTED PROPERTY OWNERS OF THE COST OF A PORTION OF THE OTTER CREEK INTERCEPTOR SEWER AND WATER MAINS 1 WHEREAS, Pingree LLC, an Illinois limited liability company("Crown"), and Wennlund Farm,L.L.C.,an Illinois limited liability company("Wennlund Farm)(Crown and Wennlund Farm being hereinafter collectively referred to as the "Developer") have agreed to construct certain sanitary sewer and water improvements which are known as the Otter Creek Interceptor Sewer Phases 4A and 4B and the Otter Creek Interceptor Sewer and Water Main Phases 5A and 5B (hereinafter referred to as the "Subject Sewer and Water Impovements") which are depicted and described on Exhibit 1 attached hereto and made a part hereof; and WHEREAS,Developers are the owners of property wrich,along with properties owned by others, will receive sanitary sewer and water service from the Subject Sewer and Water Improvements; and 1 WHEREAS,pursuant to previous agreements the City ins determined to and agreed to pay an amount not to exceed $10,000,000 for the costs of constructing the Subject Sewer and Water Improvements; and WHEREAS,based upon current estimates,the total amounts that would be required for the completion of the construction of the Subject Sewer and Wa er Improvements, including costs for the acquisition of easements, soil borings, permitting, facili y planning area expansions, wetland mitigation, engineering, surveys, inspections, construction materials, letters of credit, bonds, insurance and a construction management fee are in the total amount of$18,994.657.37(hereinafter referred to as"Project Costs") as set forth in the Cost Estim4te dated September 8, 2005, attached hereto as Exhibit 2; and 1 WHEREAS, upon completion of the project the Developers shall provide to the City's Finance Director a complete accounting of all Project Costs for the City Finance Director's review and approval in order to determine the final amount of the Project Costs and of Developers'Costs Advanced (as hereinafter defined); and WHEREAS,Developers have agreed to be responsible and pay for all Project Costs in excess of the$10,000,000 to be paid by the City subject to recapture las provided for in this ordinance(such monies expended by Developers in excess of the$i o,000,Ogo reimbursement from the City for the Project Costs for the Subject Sewer and Water Improvements are hereinafter referred to as Developers' "Costs Advanced"); and WHEREAS, the construction of the Subject Sewer and Water Improvements makes the Subject Sewer and Water Improvements accessible to certain nearby properties and thereby benefit said properties; and WHEREAS,it is reasonable to require the owners of prperty which may connect to and will use the Subject Sewer and Water Improvements to bear and reimburse to the Developers a portion of the costs of the Subject Sewer and Water Improvements in the event that said owners desire to connect to and use the Subject Sewer and Water Improvements; and WHEREAS, the City of Elgin is a home rule unit aullthorized to exercise any power and perform any function pertaining to its government and affairs; and WHEREAS,the construction of sanitary sewer improvements and water main improvements and the allocation of the costs of such improvements to benefitted properties pertains to the government and affairs of the City of Elgin; and WHEREAS,properties which will benefit from the Subject Sewer and Water Improvements are those properties which may connect to and use the Subject Sewer and Water Improvements(such properties are hereinafter referred to as the "Subject Benefittdd Properties"); and WHEREAS, the City Council of the City of Elgin here by finds that the share of the cost of the Subject Sewer and Water Improvements to the Benefitted Properties to reimburse Developers their costs advanced for the Project Costs for the Subject Sewer and Water Improvements should be based upon the uses developed thereon and the proportionate Share is$1,800 for each dwelling unit (detached,attached and multi-family)if residential uses are 4veloped on the Benefitted Properties and $6,000 per acre if commercial, industrial, office or other uses are developed thereon. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS: Section 1. Except as otherwise specifically provided in this ordinance, the owner of any of the Subject Benefitted Properties who desires to connect and to use the Subject Sewer or Water Improvements shall pay to the Developers the amount allocated as the share to reimburse the Developers their costs advanced for the Project Costs of the Subject Sewer and Water Improvements being the amount of $1,800 for each dwelling unit (detched, attached and multi-family) if residential units are developed on a Benefitted Property nd $6,000 per acre if commercial, industrial, office or other uses are developed thereon. Notwithstanding the foregoing, or anything else to the contrary in this ordinance, the Crown Property legally described in the Annexation Agreement between the City and Pingree LLC dated February 25,2004(hereinafter referred to as the "Crown Property"),the Pingree Creek L.L.C. and Wennlund Farm Property legally described in the Annexation Agreement between the City and Pingree Cre0k, LLC dated February 25, 2004, as amended by the amendment thereto dated July 27,2005, (hereinafter referred to collectively as the "Wennlund Farm Property"), the MB Financial Property legally described in the Public Improvements Construction Agreement regarding the Subject Sewer and Water Improvements dated December 21,2005(hereinafter referred to as the"MB Finandial Property")and any property owned by the City of Elgin or any other governmental unit(hereinafter referred to as"City or Governmental Property") shall not be subject to this recapture ordinance and the Crown, Wennlund Farm, the owners of the MB Financial Property, City of Elgin and any other governmental unit shall not be required to pay any recapture pursuant to this ordinance or otherwise for such Crown Property, Wennlund Farm Property, MB Financial Property or `City or Governmental Property. Notwithstanding the foregoing,or anything else to the contrary in.this ordinance,recapture payments for the property known as Shadow Hill Unit 4 currently owned by Chicago Title Land Trust Company,as successor to LaSalle Bank National Association,as the Trustee under Trust Agreement dated September 1,2004,and which is known as Trust No. 1321504 shall be paid to the Developers to reimburse the Developers for their Costs Advanced for the Project Costs for the Subject Sewer and Water Improvements as set forth in the agreement between Developers and Centex Homes dated November 30,2005. Payment shall be made prior to the recorcing of a final plat of subdivision for a Subject Benefitted Property or a portion thereof and the amount shall be calculated upon the number of dwelling units or acres in the subject final plat of subdivision. An authorized representative of the Developers shall issue a certificate of payment in the form appioved by the City upon the payment of reimbursement from the owner of a benefited property. Section 2. Except for the Crown Property, Wenplund Farm Property, MB Financial Property or any property owned by the City of Elgin and any ether governmental unit,no property that will be connected to or use the Subject Sewer and Water Irpprovements shall hereinafter receive final plat approval from the City or hereinafter be issued a building permit or otherwise be permitted to connect or to otherwise use the Subject Sewer and Water Improvements until such time as payment is made to the Developers in the amounts as set forth in this ordinance. Payments due to the Developers shall be paid in the following ratios: Crown 5Q%, and Wennlund Farm 50%. The current Facility Planning Area which identifies the current service area of the properties which may connect to and use the Subject Sewer and Water Improvements is attached hereto as Exhibit 3. Notwithstanding the current boundaries of such Facility Planning Area, in the event such Facility Planning Area is expanded and/or any additional properties are proposed to be connected to or use the Subject Sewer and Water Improvements, such additional properties shall also be subject to the terms of this ordinance. Section 3. The reimbursement amounts set forth in Section 1 hereof shall each increase at the rate of 5%per annum beginning July 1,2006 and such annual increase shall continue on the first day each July thereafter until Developers have been fully reimbursed Developers' Costs Advanced for the Subject Sewer and Water Improvements and interest thereon. Beginning with the completion of the Phase of the Subject Water and Sewer Improvements for which Developers have paid Costs Advanced, interest shall accrue at the rate of 6.5%per annum)on the unreimbursed balance of such Costs Advanced until Developers have been reimbursed for all such Costs Advanced and interest thereon. Section 4. That any property held in common ownership with and contiguous to property subject to the provisions of this ordinance on the effective date of this ordinance shall be subject to payment based on the entire amount established for the entire parcel as provided in this ordinance. Section 5. That upon completion of the Project,the determination of the final amount of Project Costs, and the repayment to Developers of their Costs Advanced plus interest as provided herein, the City shall adopt a Follow-On Recapture Ordinance requiring the payment of the fair proportionate share of the Costs Advanced by Subject Benefite4i Properties as described and defined in Section 13 of the Public Improvements Construction Agreement between the City,Developers and others dated December 21, 2005. Section 6. That this ordinance shall be in full force and effect from and after its passage in the manner provided by law. s/Ed Schock Ed Schock, Mayor Presented: December 21, 2005 Passed: December 21, 2005 Omnibus Vote: Yeas: 5 Nays: 0 Recorded: December 22, 2005 Published: Attest: s/Dolonna Mecum Dolonna Mecum, City Clerk EXHIBIT N SEWER AND WATER IMPROVEMENTS r p� RP UST —LOT .T. TES, :.'f;/' / wSsoc¢h wow DPW Cm.CRCs ,(1'NEO7EIpat z.Faow/aaaun Nu PAT rw me 400.1109K aac,..v _. 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SNOW • ♦ f COnaYMO A.K.A.Pm...d Er... • /1 EXHIBIT 1 COST ESTIMATE OTTER CREEK INTERCEPTOR SEWER&WATER MAIN PHASES 4&5 I 4A LIB SOFTTOBTS ITEM UNIT QUANTITY UNIT COSTS TOTAL CCI 4A6.4B ENGINEERING(JACOB&HENER)' L SUM 1 1348,340.06 $348,340.06 ()CI 4A&413 RESIDENT ENGINEER(COWHEY GUDMENSON)' L SUM 1 $25,000.00 $25,000.00 SUB OTAL PHASES to&48 SOFT COSTS $373,340.06 f_HAS ' SA SOFT COSTS ITEM UNIT QUANTITY 1 UNIT COSTS TOTAL OCI5A ENGINEERING ROOINSON gA�SE.C(j`,�O(�NTRACT) L SUIS 1 $184,000.00 $184,000.00 OCISA ENGINEERING(ROSINSON EX RAS)• L SUM 1 $150,000.00 $150,000.00 OCISA ENGINEERING CEMCON)' L SULK 1 $208,820.14 $206,820.14 EASEMENT AQUSITION(YENERICH) L SUM 1 202,000.00 $202,600.00 FACILITY PLANNING AREA EXPANSION(ROBINSON)" L SUM 1 $15,000.00 $16,000.00 FACILITY PLANNING AREA EXPANSION(TRUSTEEA.EGAL COST)' L SUM 1 $30,000.00 $30,000.00 TOPO/BOUNDARYIWETLANDITREE SURVEY&EASEMENT PLAT(YENERICH) L SUM I $23,454.00 $23,454.00 WETLAND DELINEATION AND PERMITTING(JENERICH)" L SUM 1 - $30,000.00 $30,000.00 WETLAND COUNTY MITIGATION FEE IN LIVE OF(JENERICH)' L SUM 1 $23,400.00 $23,400.00 ARCHAEOLOGICAL SURVEY(YENERICH) L SUM 1 $1,847.50 $1,847.50 SOIL BORING(YENERICH) L SUM i 1 $25,773.00 5773.00 SUBTOTAL PHASES 5A SOFT COSTS $ 44,294.64 PHASES 58 SOFT COSTS ITEM UN _ QUANTITY UNIT C08T5 TOTAL ) OCI5B ENGINEERING• L SU 1 $228,107.80 5228,107.80 TOPO/BOUNDARY/WETLAND/TREE SURVEY&EASEMENT PLATISHODEEN)' L SU I $25,000.00 $25,000.00 WETLAND DELINEATION AND PERMITTING(SHODEEN)' L SU 1 $50,000.00 550,000.00 WETLAND COUNTY MITIGATION FEE IN LIVE OF(SHODEEN)" ' L SU 1 $30,000.00 $30,000 00 ARCHAEOLOGICAL SURVEY ISHOOEEN)' L SUM 1 $5,000.00 $5,000.00 SOIL BORING(SHODEEN) L SUM I $8,618 00 $8,618.00 SUBTOTAL PHAS S 5$SOFT COSTS $348,725.60 PRASE SA WATERMAN TO PINGREE CREEK•QIPAQLQ IMPROVEMENTS UNIT QUANTITY UNIT COSTS I TOTAL 24"DIWM,CLASS 52 F T 5.439 $92.00 $500,388.00 20'DIWM,CLASS 52 F T 20 $93.00 $1,880.00 16"DIWM,CLASS 52 FO T 2750 $62.00 $170,500.00 8"DIWM.CLASS 62 F T 30 $60.00 $1,500.00 24"BUTTERFLY VALVE IN 84"VALVE VAULT,TYPE I FRAME,CLOSED LID EA H 5 $9,700.00 $48,500.00 20'BUTTERFLY VALVE IN 84'VALVE VAULT,TYPE 1 FRAME,CLOSED LIDEA H I $9,500.00 $9,500.00 16"BUTTERFLY VALVE IN 72'VALVE VAULT,TYPE 1 FRAME,CLOSED LID EACH 10 $6,500.00 $65,000.00 COMBO AIR RELEASE-VAC VALVE IN 60"VALVE VAULT,TYPE I FRAME,CLOSED LID EACH 1 $3,000.00 $3,000.00 FIRE HYDRANT WITH AUXILIARY VALVE EACH 2 $3,000.00 $6,000.00 24"DI END CAPS W/MEGAWG EACH 2 $840.00 $1,680.00 20"DI END CAPS W/MEGALUG EACH 1 4600.00 $600.00 16'DI END CAPS W/MEGALUG EACH 4 $520.00 $2,080.00 TEES,24")(24" EACH 2 $6,100.00 512,200.00 TEES,24"X16" EACH 3 $4,800.00 $14,400.00 TEES.24"X6' EACH 1 $4,600.00 $4,600.00 TEES,16'X16" EACH 1 $2,670.00 $2,670.00 REQUCER,24"X20' EACH _ 1 $2,500.00 $2,500 00 ADDITIONAL FITTINGS POUND 6650 $4.00 $26500 00 CONNECTION TO EXISTING 24'WATER MAIN L SUM I $4,000.00 $4,000.00 CONNECTION JO EXISTING 18"WATER MAIN L SUM 1 $1,750.00 $1,750.00 AUGER CROSSING,24"DIWM,WITH 36'S.S.CASING FOOT 253 $1,125.00 $284,625.00 AUGER CROSSING,16"DIWM,WITH 30"S,S.CASING ' FOOT 126 , $700.00 $87.500.00 CASING _ FOOT ' 105 $700.00 $73,500.00 WATER MAIN TRENCH BACKFILL CU YD 60 $35.00 $1,750.00 SUBTOTAL PHASE 6A WATERMAIN TO PINGREE CREEK $1,327,003.00 PHASE SA WATER MAIN THROUGH HIGHLAND WOODS FOR HPI-EAST&$NODE€N-ESTIMATED* IMPROVEMENTS UNIT QUANTITY UNIT COSTS TOTAL 16"WATERMAIN THROUGH CROWN PROPERTY(TO SHODEEN) FOOT 474 $46.00 $21,804.00 12'WATERMAIN THROUGH CROWN PROPERTY(TO HPI-EAST)' FOOT 4981 $34.20 $170,350.20 12"WATERMAIN THROUGH CROWN PROPERTY(TO SHODEEN) FOOT 4000 $34.20 $136,800.00 16"VALVE IN VAULT(TO SHDDEEN) EACH 1 $6,780.00 $8,780.00 12'VALVE IN VAULT(TO HPI-EAST)" EACH 13 $2,860.00 .. $37,180.00 12"VALVE IN VAULT(TO SHODEEN) EACH 9 $2,860.00 $25,740.00 HYDRANT WITH AUX VALVE(TO HPI-EAST)" EACH 16 $2,208.00 $35,328.00 HYDRANT WITH AUX VALVE(TO SHODEEN) EACH 10 $2,208.00 $22,080.00 CONNECTION TO EXISTING 12"WATERMAIN EACH 1 $800.00 $800.00 TRENCH BACKFILL(TO HPI-EASTrCU YD 1000 $17.50 $17,500.00 TRENCH BACKFILL(TO SHODEEN) CU YD 500 $17.50 $8,750.00 COMPACTION OF WATER MAIN(TO HPI-EAST)" FOOT 4981 $2.00 $9,962.00 COMPACTION OF WATER MAIN(TO SHODEEN) FOOT 4474 $2.00 58,948.00 SUBTOTAL PHASE SA WATER MAIN THROUGH HIGHLAND WOODS FOR HPI-EAST&SHODEEN $502,022.20 PHASE 58 WATER MAIN•ESTIMATED' IMPROVEMENTS UNIT QUANTITY UNIT COSTS TOTAL 16"DIWM,CLASS 52' FOOT 8086 $45.80 $278,738,80 12'DIWM,CLASS 52' !FOOT 2986 $34.20 $102,121.20 16"BUTTERFLY VALVE IN 72"VALVE VAULT,TYPE 1 FRAME,CLOSED LID' EACH 0 $8,780.00 $40,680.00 , 12"BUTTERFLY VALVE IN 72"VALVE VAULT,TYPE 1 FRAME,CLOSED LID' EACH 6 $2,860.00 $14,300 00 TEES,16-XI 8- EACH 37 $2,670.00 $98,790.00 FIRE HYDRANT WITH AUXILIARY VALVE" SACH 17 $2,208.00 $37636.00 CONNECTION TO EXISTI!NG 16"WATER MAIN" IL SUM 1 $1,750.00 $1,760.00 AUGER CROSSING,16"DIWM,WITH 30"S S.CASING' FOOT 174 $700.00 $121,800 00 WATER MAIN TRENCH BACKFILL" CU YD 1000 $17.50 $17,500.00 PERIMETER EROSION BARRIER" FO _ OT 2000 53.00 $6,000.00 I SUBTOTAL PHASE 5B WATER MAIN $719,216.00 EXHIBIT 2 fHASES 4A4 48 SANITARY SEWER INT RCE QR•ANDERSON UNDERGROUND,INC, l IMPROVEMENTS UNIT QUANTITY UNIT COSTS TOTAL J MANHOLES,TYPE A,8'-DIAMETER,TYPE I FRAME,CLOSED LID EACH 5 12,000.00 $80,000.00 • MANHOLES,TYPE A,T-DIAMETER TYPE I FRAME,CLOSED UD EACH 11 $10,000.00 $110,000.00 MANHOLES,DROP 4'-DIAMETER TYPE 1 FRAME,CLOSED UD EACH 4 000.00 $28,000.00 SANITARY SEWER,PCCP,48' FOOT 8720 $410.00 $2 755,200.00 SA��N�ITARY SEWER,PVC 10'SDR 28 FOOT 187 $200.00 3,400.00 SANITARY SEWER,PVC 8"SDR26 FOOT 90 $170.00 15,300.00 72°STEEL CASING JACKED IN PLACE FOOT 70 $1 600.00 105,000.00 PERIMETER EROSION BARRIER FOOT 128101.50 18,216.00 TRENCH BACKFILL,CA-6 TN 10458 $414.00 3146,412.00 BENCH AREA TO 2E DIGGING DEPTH AND REPLACE FROM MH#5 TO MI-#8 LS 1 $106,438.60 $105,436.80 • BACKFILL AND COMPACT AREA FROM MH#5 TO MHN8 LS 1 $106,437.00 $105,437.00 SUBTOTAL PHASES IA i 48 SANITARY SEWER INTERCEPTOR. $3,483,400.60 E.H.M€4A SANITARY SEWER INTERCEPTOR TO P1NGR€E CREEK-DIPAOLO MAPROVEMENTS UNIT QUANTITY UNIT COSTS TOTAL MANHOLES,4k4'BASE T TYPE 1 FRAME,CLOSED LID EACH 10 520,400.00 $ {2204,000.00 MAMANHOLES ry OLE RSPEEC AL,,4''MS(E SEWER TYPE I FRAME,CLOSED UD VEAACW 1 14 $24,90.00 310,,00.0 SANITARY SVER PVC 12'SDR 26(STUB FOOT 140 76.00 310,500.00 SANITARY SEWER,PVC 14'SDR 18(STUB, FOOT 20 .0o $1,800.00 SANITARY SEWER,38"(STUB) FOOT 20 00 00 36,000,00 SANITARY SEWER 42' STU, FOOT 20 292.00 $5,840.00 SANITARY SEWER P,48 FOOT 12006 $292.00 $3 505,480.00 SANITARY SEWER,RCP 48' FOOT - 156 $1,200.00 186,000.00 AUGER(DIRECT BOR CCROSSING,48' FOOT 484 $1,040 00 503,380.00 SA13TTARY TRENCH WATER CONTROL FOOT 12180 85.00 $790,400.00 TRENCH BACKFILL,CA-6 CU YD 1460 26.00 $38,500.00 TOPSOIL FURNISH AND PLACE. 6' SQ YO 1000 1.00 $1,000.00 HYDRAULIC SEEDING SQ YD 1000 $0.50 .$500.00 TOPSOIL EXCAVATION AND PLACEMENT SQ YE) 103000 $1.00 $103,000.00 TEMPORARY DITCH CHECKS EACH 8 280.00 $1,880.00 PERIMETER EROSION BARRIER FOOT 15000 $3.00 545,000.00 TREE REMOVAL IN-DIA 250 $2500 $8,260.00 DRIVEWAY REMOVE AND REPLACE SQ YD 50 $80.00000.00 SIDEWALK REMOVE AND REPLACE SO YO 50 $55.00 J 52,750.00 MOBILIZATION L SUM 1 $180,000.00 $180,000.00 CONSTRUCTIONADMINSTRATION L SUM 1 $74,750.00 374,750.00 SUBTOTAL PHASE 6A SANITARY SEWER INTERCEPTOR TO PINGREE CREEK 86,016,360.00 PHASE 6A SEWER THROUGH HIGHLAND WOODS FOR HPI-EAST&SHODEEN•ESTIMATED' 6MPROVEMENTS UNIT QUANTITY UNIT COSTS TOTAL ADDITIONAL ID'FORCEMAIN�� (H(PI-EA�SST))'7� ) FOOT 4465 $50.00 3223,250.00 8.20 �J FOOT 4465 .00 SAN TARYS� R VC PVC 2 MAIN '12'(THPI-$ASST)° FOOT 3409 FOOT 951 1000.0D 08900.00 MANHOLES SPECIAL,48°SEWER,TYPE 1 FRA E,CLOSED LID(TO HPIJEAS7)' EACH 21 $2,200.00 }548,x.00 TRENCH BACKFILL(TO HPI-EAST)' CU YD 1000 $ SANITARY TRENCH WA ER CONTROL(TO HPIEAST)• FOOT 4360 $20.00 $87,200.00 CONNECTION TO EXISTING 48'INTERCEPTOR SEWER(TO HPI-EAST)' EACH 1 $4,290.00 $4,290.00 TELEVISING AND COMPACTION OF SANITARY SEWER(TO HPI-EAST)' FOOL' 4360 $3.60 $15,696.00 INFA SHEILDNAC7UUWUM TEST�IING OF MAN QLES(TO HPI-EASTY EACH 21 $435.00 $9,135.00 BENCH AREA SWM/OPENN SPACE/BUILDINGN�� PAD RESTOR.#17 TO �2(TTATION1TO SHODO EEN)" L SUM 112000 $5.35$150,000.00 $150,000.00 SUBTOTAL PHASE 6A SEWER THROUGH HIGHLAND WOODS FOR HPI-EAST&SHODEEN 81,566,179.20 PRASE 5B SAWN?),SEWER-ESTIMATEp• IMPROVEMENTS UNIT QUANTITY UNIT COSTS TOTAL MANHOLES,DROP 4'-DIAMETER,TYPE 1 FRAME.CLOSED LID' EACH 11 $3,400.00 $37,400.00 SANITARY SEWER,PVC 21"SDR 26` FOOT 3371 $160 00 $539,380.00 SANITARY SEWER,PVC 18"SOR26' FOOT 676 $130.00 $87,880.00 SANITARY SEWER,PVC 16"SOR26' FOOT 3241 $100.00 $324,100.00 AUGER CROSSING,18"PVC,WITH 30'S.S.CASING' FOOT 117 $700.00 $81,900.00 SANITARY TRENCH WATER CONTROL* FOOT 7288 $65.00 $473,720.00 TRENCH BACKFILL,CA-6' Cu YD j 1000 $17.50 $17,500.00 SUBTOTAL PHASE 58 SANITARY SEWER $1,561,840.00 SUBTOTAL OCI 4&6 ESTIMATED SOFT COSTS $1,614,360.30 SUBTOTAL OCI 4&6 ESTIMATED SANITARY SEWER COSTS $12,646,829.80 SUBTOTAL OCI 4 8 5 ESTMAATED WATER MAIN COSTS $2,646,24120 SUBTOTAL CCI 4&5 ESTIMATED SOFT,SANITARY SEWER&WATER COSTS $16,606,431.30 6%CONTINGENCY $1,006,585.88 7%CONSTRUCTION MANAGEMENT FEE $1,176,660.19 TOTAL OCI 4&5 ESTIMATED COSTS $18,994,857.37 •ESTIMATED NOTE COST OF CARRY FOR DEVELOPMENT NOTES IS J40T INCLUDED IN THE ESTIMATED COST. I CITY of ELGIN, ILLINOIS EXHIBIT BENEFITED PROPERTIES N • •h~..„,4i SA 72 ` O,''�y 44 .. / • �,, BuweL RONO. kr •• �/ .. t- • i J �• i• ••• tA • j j 1 BAHR ROAD i US. '�� 4. Aft. .r .. • n@a,RBCK Roan ft„.....' ... F • •• ••,ft ► LEGEND . .1.... 140PEAnsa 4140:141:114114 OAJ O GaPBcw,ea,f11,011 4wrn ♦wowa,ea PMAS!!u.4.cea IS PLATO RQAD . P.vomE71,711Oaan1.71.4 „//� 6 iVNaE FFEB�OxumM OREa (J/ GI4 IN,ER 1:4014 4F1 MD •, lta♦1M3U a4 4.44 4 •• EwnnRreRoaD ••• •• . •• •w RAND • . •'► ROAD •• }, •• * • NC DONALD ROAD ••• •• ix iNOISION• G alLVerrm con.wnuLTD, Ca.onwonal fnglneen x a..ea-,..s Ia a..., cyon.nr i i • a EXHIBIT 3