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An Ordinance Authorizing the Execution of an Annexation Agreement (DND Endeavors, LLC, a Pennsylvania Limited Liability Company, admitted to do business in Illinois)
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WHEREAS, DND Endeavors, LLC ("DND"), is the contract purchaser and will upon the closing of its purchase agreement be the owner of certain real property and has caused or will cause a petition to be filed with the Village of Romeoville to annex such real property located in unincorporated Will County, Illinois into the corporate limits of the Village, such property being legally described on Exhibit A hereto, a copy of which is attached and made part hereof; and
WHEREAS, DND, upon the annexation of the property described in Exhibit A and its acquisition of the same, shall develop the same in accordance with the provisions of the annexation agreement set forth in Exhibit B; and
WHEREAS, the statutory procedures provided for by 65 IL CS 5/11-15.1-1 et seq. required prior to the approval and execution of the annexation agreement, including requisite notice and hearing requirements, have been fully satisfied; and,
WHEREAS, the corporate authorities of the Village have determined that it is in the best interest of the Village to enter into the annexation agreement attached hereto as Exhibit B with DND for the annexation of the real property described in Exhibit A, subject to the conditions hereinafter set forth in this ordinance.
NOW THEREFORE BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES FOR THE VILLAGE OF ROMEOVILLE, WILL COUNTY, ILLINOIS; THAT:
SECTION 1: RECITALS. The foregoing recitals are hereby incorporated into this Ordinance as if fully set forth herein.
SECTION 2: AUTHORIZATION. The Village President and Village Clerk are hereby authorized and directed to execute and attest to the execution of an annexation agreement substantially in the form attached as Exhibit B, provided, however, that the authorization and approvals herein contained shall be subject to ...
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