Parcel ID No. 12-02-24-300-007-0000; 12-02-24-300-030-0000; 12-02-24-300-028-0000; 12-02-24-300-025-0000; 12-02-24-300-020-0000; 12-02-24-300-022-0000; 12-02-24-300-024-0000; 12-02-24-300-027-0000; 12-02-24-300-029-0000; 12-02-24-300-002-0000; 12-02-23-400-007-0000; 12-02-23-400-017-0000; 12-02-23-400-016-0000
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A Resolution Establishing a Development Security for the Bluff Road Improvements proposed adjacent to the Interchange 55 Logistics Park (CT Reality) (PZC#16-011).
Romeoville, Illinois
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Whereas, the Village of Romeoville ("The Village") is a municipality in accordance with the Constitution of the State of Illinois of 1970; and,
Whereas, the developer does have the necessary approvals (via Annexation Agreement) from the Village Board to begin the proposed improvements under the applicable ordinances of the Village; and
Whereas, the Developer (CT Reality) is requesting the Village establish a financial guarantee for the proposed Bluff Road improvements adjacent to the Interchange 55 Logistics Park to cover 125% of the cost of improvements that will, after completion, be dedicated to the Village of Romeoville, stormwater management, and soil and erosion control measures; and,
Whereas, Village Staff has reviewed the Engineer's Estimate of Probable Construction Cost and recommends the Village Board establish the development security at $1,691,480.63.
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES FOR THE VILLAGE OF ROMEOVILLE, WILL COUNTY, ILLINOIS, AS FOLLOWS:
Section 1. The Village of Romeoville establishes a development security for the proposed Bluff Road improvements adjacent to the Interchange 55 Logistics Park to cover 125% of the cost of improvements, which include those land improvements that will, after completion, be dedicated to the Village of Romeoville, stormwater management, and soil and erosion control measures in the amount of $1,691,480.63.
Section 2. The...
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