September 22, 2016 - Village Board Meeting

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September 22, 2016 - Village Board Meeting
PUBLIC MEETING NOTICE AND AGENDA
VILLAGE OF HUNTLEY
VILLAGE BOARD MEETING
THURSDAY, SEPTEMBER 22, 2016
7:00P.M.
1. Call to Order
2. Pledge of Allegiance
3. Special Presentation:
a) Oath of Office: Sergeant Kevin Keane
4. Public Comments
5. Consent Agenda:
(All items listed under Consent Agenda have been discussed at the Committee of the Whole and may be
approved/accepted by one motion. The Village Clerk will number all Ordinances and Resolutions in
order, following approval)
a) Approval ofthe August 18,2016 Committee ofthe Whole, August 25,2016 Liquor
Commission and August 25, 2016 Village Board Meeting Minutes
b) Approval ofthe September 22,2016 Bill List in the amount of$832,843.90
c) Referral of a request for a Zoning Map Amendment to Rezone 11103 Church Street
property from "R-2" Single-Family Residence District to "B-4" Adaptive Reuse Business
District into the Formal Development Review Process
d) Approval of an Ordinance Approving a Special Use Permit for a Secondhand Store
within the "B-3" Shopping Center Business District-zoned property at 10514 Route 47 I
Sweet Repeats
e) Approval of an Ordinance Approving a Special Use Permit to operate an Indoor
Recreation Facility within the "M" Manufacturing District-zoned property at 11530
Smith Drive I Huntley Barbell
f) Approval of an Ordinance for Acceptance of Public Improvements for Talamore
Subdivision Pods 3 and 4
g) Approval of a Resolution Approving the Bid Award to J. Congdon Sewer Service, Inc. in
the amount of $338,428.50 to Complete the 2016 Water Main Replacement Program and
Amending the FY16 Budget
h) Approval of Payout Request No. 2 to Arrow Road Construction Company for the 2016
MFT Street Program in the amount of$484,726.20
6. Items Removed from the Consent Agenda:
7. Items for Discussion and Consideration:
a) Approval of an Ordinance Changing the Street Name of Manhattan Drive south of Main
Street to LJ Marak Drive
b) Approval of Street Closures and Temporary Signs for Huntley Fire Protection District
Open House
c) Approval of an Ordinance Granting Authorization to Enter into a Real Estate Sales
Contract and to Purchase 11708 W. Coral Street, Execution of an Associated License
Agreement, and to Amend the FY2016 Budget
d) Transmittal: FY17 Budget Calendar
8. Village Attorney's Report
9. Village Manager's Report
10. Village President's Report
11. Unfinished Business
12. New Business
13. Executive Session
a) Probable or Imminent Litigation and Pending Litigation
b) Contractual
c) Property Acquisition, Purchase, Sale or Lease of Real Estate
d) Appointment, Employment, Dismissal, Compensation, Discipline and Performance of an
Employee ofthe Village ofHuntley
e) Collective Bargaining
f) Appointment, Discipline or Removal Public Officers
g) Appointment of a Public Officer
h) Review of Closed Session Minutes
i) Other
14. Possible Action on any Closed Session Item
15. Adjournment
MEETING LOCATION
Village of Huntley Municipal Complex
10987 Main Street
Huntley, IL 60142
The Village of Huntley is subject to the requirements of the Americans with Disabilities Act of 1990. Individuals with
disabilities who plan to attend this meeting and who require certain accommodations in order to allow them to observe and/or
participate in this meeting, or who have questions regarding accessibility of the meeting or the facilities, are requested to
~
r. David Jo nson, Village Manager at 847-515-5200. The Village Board Room is handicap accessible.
September 22, 2016
Village Board Meeting
Agenda Item:
Approval of an Ordinance Changing the Street Name of Manhattan
Drive south of Main Street to LJ Marak Drive
Department:
Village Manager’s Office
Introduction
In honor of the late Sgt. LJ Marak, it is proposed that Manhattan Drive south of Main Street be
renamed to LJ Marak Drive. The street currently ends at the southern property line of the
Municipal Complex property and provides access to Shepherd of the Prairie Church and the
Municipal Complex. The roadway runs adjacent to the Police Department. When the property to
the south is developed, it is anticipated that the roadway would be extended to Huntley-Dundee
Road. At this time, there are no addresses assigned to the existing portion of the roadway.
Staff Analysis
In accordance with the Illinois Municipal Code (65 ILCS 5/11-80-19), the corporate authorities of
a municipality may change the name of any street, avenue, alley or other public place. No change
in name shall become effective until 30 days after the election authorities having jurisdiction and
post office branch serving the area have been notified in writing by certified or registered mail by
the corporate authority initiating such change. Upon approval by the Village Board, staff will
notify the election authorities and post office of the change in street name.
Financial Impact
Not applicable.
Legal Analysis
Not required.
Action Requested
A motion of the Village Board to Approval an Ordinance Changing the Street Name of Manhattan
Drive south of Main Street to LJ Marak Drive.
Exhibits
 Site Aerial
 Draft Ordinance
MAIN STREET
Village of Huntley GIS
DISCLAIMER: The Village of Huntley Does not guarantee the accuracy of the
material contained here in and is not responsible for any misuse or
misrepresentation of this information or its derivatives.
VILLAGE OF HUNTLEY
0
SCALE: 1" =
10987 Main Street
Huntley, IL 60142
(847)669-9600
186 '
2,855.44
Print Date:
9/14/2016
AN ORDINANCE CHANGING THE STREET NAME
OF MANHATTAN DRIVE SOUTH OF MAIN STREET TO LJ MARAK DRIVE
Ordinance (O)2016- 09.xx
WHEREAS, pursuant to the Illinois Municipal Code, (65 ILCS 5/11-80-19), the President and Board of
Trustees of the Village have the authority to change the name of any street within its boundaries; and
WHEREAS, the President and Board of Trustees of the Village have determined renaming Manhattan Drive
south of Main Street to LJ Marak Drive would be an appropriate way to honor the late Sgt. LJ Marak, as this roadway
provides access to the Police Department, of which Sgt. Marak was a dedicated public servant.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF HUNTLEY as follows:
Section I: Pursuant to the Illinois Municipal Code (65 ILCS 5/11-80-19) the name of Manhattan Drive from
the south right-of-way line of Main Street to its current southerly limit is hereby changed to LJ Marak Drive as
depicted on “Exhibit A.”
Section II: Pursuant to 65 ILCS 5/11-80-19 this change in name shall not be effective until thirty (30) days
after the election authorities having jurisdiction and the post office branch serving said area have been notified by the
Village's corporate authorities in writing by certified or registered mail. Let it be hereby noted that there are no current
postal addresses on this section of Manhattan Drive.
Section III: The Village Clerk is authorized and directed to provide the notice referred to above in Section II
by forwarding a certified copy of this Ordinance to said election authorities and post office branch.
Section IV: All ordinances, or parts of ordinances, in conflict with the provisions of this Ordinance, to the
extent of such conflict, are repealed.
Section V: This ordinance shall be in force and effect upon its passage, approval and publication in pamphlet
form as provided by law.
Trustee Goldman
Trustee Hoeft
Trustee Kanakaris
Trustee Leopold
Trustee Piwko
Trustee Westberg
Aye
_____
_____
_____
_____
_____
_____
Nay
Absent
_____
_____
_____
_____
_____
_____
_____
_____
_____
_____
_____
_____
Abstain
_____
_____
_____
_____
_____
_____
PASSED and APPROVED this 22th day of September 2016.
APPROVED:
___________________________
Village President
ATTEST:
____________________________
Village Clerk
September 22, 2016
Village Board Meeting
Agenda Item:
Approval of Street Closures and Temporary Signs for Huntley Fire
Protection District Open House
Department:
Village Manager’s Office
Introduction
The Huntley Fire Protection District is holding an Open House on Saturday, October 8, 2016
from 10:00 a.m. to 2:00 p.m. and is requesting street closures for the event.
Staff Analysis
The Village is in receipt of a request by the Huntley Fire Protection District (HFPD) to close
Coral Street from Woodstock Street to the westernmost edge of their property and Dwyer Street
on October 8, 2016 to hold an Open House at Station 1 (Coral Street).
The HFPD requests that “No Parking” signs be installed on October 7th which will be removed at
the close of the event.
In discussions, the HFPD would also like to place banners at on their properties (or the adjacent
parkways) within the Village. In addition, the HFPD requests the event be listed on the Village’s
gateway sign on Route 47 and Main Street.
Financial Impact
None.
Legal Analysis
None required.
Action Requested
A motion of the Village Board approving the closure of Coral Street from Woodstock Street to
the edge of the Station 1 and Dwyer Street on October 8, 2016 for an Open House.
Exhibit
• Huntley Fire Protection District Request Letter
• Street Closure Exhibit A and B
Dear Village Trustees,
On October 8, 2016, the Huntley Fire Protection District is hosting an Open House at our Station
1 on Coral Street from 10:00 am until 2:00 pm. The event will include many family oriented
activities such as:
-
Touch A Truck
Fireman’s Pole Slide
Children’s Water Fights
Put Out The Flames House
Station Tours
In order to allow space for all of these activities, we are asking for your permission to barricade
access to Coral St., west from Woodstock St., and include the closing of Dwyer St. during the
event. I have included two separate drawings, one of which is a “Plan B”, just in case you decide
that access to Dwyer Street must be maintained during our “Open House”. We are also asking
that parking along this stretch of Coral St is prohibited, beginning the night of October 7th until
the end of our event, to allow ample space for activities along the street, as well as prevent
disruptions during the Open House.
I think our event will not only create a fun learning experience for our community, but will also
draw some of our residents from the eastern portion of our District that may not have
experienced Huntley’s new and improved downtown area.
Thank you for your consideration, and please join us on October 8th.
Best regards,
Ken Madziarek
Fire Marshal / Huntley Fire Protection District
11118 E. Main St. / P.O. Box 517
Huntley, IL 60142
Office- 847-669-8284
[email protected]
Huntley Fire Protection District
2016 Open House
Safety Trailer
Truck 983
Engine 941
Plan A
Huntley Fire Protection District
2016 Open House
Safety Trailer
Truck 983
Plan B
September 22, 2016
Village Board Meeting
Agenda Item:
Consideration of an Ordinance Granting Authorization to Enter into
a Real Estate Sales Contract and to Purchase 11708 W. Coral Street,
Execution of an Associated License Agreement, and to Amend the
FY2016 Budget
Department:
Village Manager’s Office
Introduction
In accordance with Village Board direction, Staff has negotiated the purchase of the property
located at 11708 W. Coral Street.
Staff Analysis
The Huntley American Legion, located immediately to the west, is the owner of the property at
11708 W. Coral Street. The Village will purchase the property from the Legion and per the terms
of the purchase agreement, will enter into a license agreement that will allow the Legion to
utilize approximately 3,465 square feet of the property to accommodate a beer garden and area
for horseshoe pits. The agreement requires the Legion to go through the site plan review and
approval process, and if applicable, building permit application process with the Village
prior to undertaking any improvements to the Licensed Area. All planned outdoor events
or activities must be included with the Legion’s annual liquor license renewal submittal.
Financial Impact
The purchase price of the property is $150,000. A budget amendment is required to transfer
funds from the FY2015 surplus to the Municipal Buildings Fund, as the purchase and associated
due diligence costs were not budgeted for as part of the FY2016 budget.
Line Item
Municipal Buildings Fund
Budget
Amount
$443,978
Increased
(Decreased)
$160,000
Revised
Amount
$603,978
Legal Analysis
The Village Attorney has reviewed the Real Estate Sales Contract and all is in order for Village
Board consideration.
Action Requested
A motion of the Village Board to Approve a Resolution Granting Authorization to Enter into a
Real Estate Sales Contract and to Purchase 11708 W. Coral Street, Execution of an Associated
License Agreement, and to Amend the FY2016 Budget
Exhibit
• License Agreement
• Real Estate Sales Contract
• Draft Ordinance
FIRST
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LICENSE AGREEMENT
WHEREAS, Huntley American Legion Post 673 (hereinafter referred to as
(“Grantee”) is the owner of the property in the Village of Huntley, Illinois, Tax Parcel
Number 18-28-380-008 and described as follows:
Lot 2 and 3 (Except the east 44.00 feet of Lot 3), Block 3, Original Plat of Huntley
Station, a subdivision of part of the East half of the Southwest quarter of Section 28,
Township 43 North, Range 7 East of the Third Principal Meridian, according to the Plat
thereof recorded June 18, 1853, in Book 7 of Deeds, page 43, and May 20, 1875 in Book
59 of Deeds, Page 23, in McHenry County, Illinois.
AND WHEREAS, the Village of Huntley, an Illinois municipal corporation
(hereinafter referred to as “Grantor”), and Grantee have entered into a Real Estate Sales
Contract whereby Grantor will be purchasing and acquiring title to the above described
real property; and
WHEREAS, as a condition of Grantor’s purchase and acquisition of said
property, the parties have agreed that Grantee shall be allowed to use a portion of the
property (“Licensed Area”) after conveyance to Grantor in accordance with the terms
and provisions of this License Agreement; and
WHEREAS, it is expressly understood by the parties that the terms and provisions
of this License Agreement are a material term of the Real Estate Sales Contract.
NOW, THEREFORE, the Grantor grants to the Grantee, his successors and assigns,
a license for the use of the above described property subject to the following conditions:
1
1.
Grantee shall be allowed to use the Licensed Area as described in Exhibit A
as attached hereto and as depicted in Exhibit B attached hereto for a beer garden and
horseshoe pits. Said use shall be subject to all Grantor requirements including, but not
limited to, site plan review and approval by the Grantor and all rules, regulations, and
building codes of Grantor, the Huntley Fire Protection District, the Illinois State Liquor
Control Commission, and any other applicable requirements of any other governmental
agency. In addition, Grantee, as a condition of said use, shall provide Grantor with a
valid Certificate of Insurance naming the Village of Huntley as an additional
insured with a minimum liability limit of $2,000,000.00. Grantee agrees to indemnify
and hold Grantor harmless from and against any and all claims asserted against it arising
out of said use. The right to use the Licensed Area as contemplated in this paragraph shall
continue for so long as the Grantee owns and operates the adjacent establishment at 11712
Coral Street, Huntley, Illinois. It is understood that, unless expressly agreed to in writing
by the parties hereto, if the Grantee sells, transfers, assigns the business, or ceases
operations as a non-profit organization at 11712 Coral Street, Grantor has the absolute
right to determine if the use contemplated in this paragraph shall be permitted to continue,
and if so, under what conditions.
2.
Grantee shall be required to go through the site plan review and approval
process, and if applicable, building permit application process with the Grantor prior to
undertaking any improvements to the Licensed Area. All planned outdoor events or
activities shall be included with the Grantee’s annual liquor license renewal submittal.
Any such use shall be undertaken in accordance with all Grantor requirements including
all rules and regulations of Grantor, the Huntley Fire Protection District, the Illinois State
Liquor Control Commission and any other applicable requirements of any other
governmental agency.
3.
Until such time as the Grantee has received all approvals as outlined in
paragraph 2, the Grantee shall have no right to use the Licensed Area nor any obligation to
maintain the Licensed Area. Once the Grantee has received all required approvals, the
Grantee shall be responsible for the maintenance of the Licensed Area.
4.
Any damage to Grantor’s Property as a result of the Grantee's use of it shall
be repaired and/or restored by the Grantee at Grantee’s sole cost and expense.
5.
Grantor shall not be responsible for any damages to property or injuries to
persons resulting from acts of the Grantee, or its agents or servants, or any other person
which may arise from or be incident to the use and occupation of the said Property, or
from any damages to the Property of the Grantee, its officers, agents, servants or
employees or for injuries to the person of the Grantee's officers, agents, servants, or
employees or others who may be on said premises at their invitation or the invitation of
anyone of them arising from or incident to governmental activities; and the Grantee shall
hold the Grantor harmless from any and all such claims.
2
6.
Grantee shall indemnify and hold harmless the Grantor and all its agents and
employees from and against all claims, damages, losses and expenses, including attorney's
fees, resulting from acts of the Grantee, or its agents or servants, or any other person
arising out of or incidental to the use of said Property.
7.
This license may be terminated by declaration of the Grantor, in writing, for
failure, neglect, or refusal by the Grantee to fully and promptly comply with all the
conditions of this license.
8.
The preambles hereto are incorporated by reference, as if set forth in full
and constitute a part of this Agreement.
9.
This Agreement may be extended for such periods as may be mutually
agreed upon between Grantor and Grantee.
IN WITNESS WHEREOF, the following signatories have set their hands this _____ day
of __________________, 2016.
VILLAGE OF HUNTLEY
By:
_________________________
Village President
Attest:
_________________________
Village Clerk
HUNTLEY AMERICAN LEGION POST 673
By:
________________________________
Title: ________________________________
3
EXHIBIT A
Legal Description of License Area:
THE SOUTH 105 FEET OF THE WEST 33 FEET OF LOT 2 AND 3 (EXCEPT THE
EAST 44.0 FEET OF LOT 3) IN BLOCK 3 OF THE PLAT OF HUNTLEY STATION, A
SUBDIVISION OF PART OF THE EAST HALF OF THE SOUTHWEST QUARTER OF
SECTION 28, TOWNSHIP 43 NORTH, RANGE 7 EAST OF THE THIRD PRINCIPAL
MERIDIAN, ACCORDING TO THE PLAT THEREOF, RECORDED JUNE 18, 1853 IN
BOOK 7 OF DEEDS, PAGE 43 AND MAY 20, 1875 IN BOOK 59 OF DEEDS, PAGE
23, IN MCHENRY COUNTY, ILLINOIS.
4
IB
REAL TOll'
MULTI-BOARD RESIDENTIAL REAL ESTATE CONTRACT 6.1
1
1. THE PARTIES: Buyer and Seller are hereinafter referred to as the "Parties".
2
3
Buyer Name(s) [please print] The Village of Huntley, an Illinois municipality
Seller Name(s) [please print] Huntley American Legion Post 673, Inc., a not-for-profit corporation
4
If Dual Agency Applies, Complete Optional Paragraph 31.
5
2. THE REAL EST ATE: Real Estate shall be defined as the property, all improvements, the fixtures and Personal
6
7
Property included therein. Seller agrees to convey to Buyer or to· Buyer's designated grantee, the Real Estate
with approximate lot size or acreage of
commonly known as:
8
11708 W. Coral
9
Address
Huntley
IL
City
10
McHenry
11
County
12
If Condo/Coop/Townhome Parking is Included: #of spaces(s)
13
[check type] D deeded space, PIN:
14
3. PURCHASE PRICE: The Purchase Price shall be$ 150,000.00
60142
State
Zip
18-28-380-008
Unit# (If applicable)
Permanent Index Number(s) of Real Estate
·identified as Space(s) # ---------'
D limited common element D assigned space.
15
16
After the payment of
Earnest Money as provided below, the balance of the Purchase Price, as adjusted by prorations, shall be paid at
Closing in "Good Funds" as defined by law.
17
4. EARNEST MONEY: Earnest Money shall be held in trust for the mutual benefit of the Parties by [check one]:
18
19
D Seller's Brokerage; D Buyer's Brokerage; D As otherwise agreed by the Parties, as "Escrowee".
.
20
Initial Earnest Money of$
shall be tendered to Escrowee on or before _ _ day(s) after Date
of Acceptance. Additional Earnest Money of$
shall be tendered by
20 _
21
5. FIXTURES AND PERSONAL PROPERTY AT NO ADDITIONAL COST: All of the fixtures and included Personal
22
23
24
25
Property are owned by Seller and to Seller's knowledge are in operating condition on the Date of Acceptance,
unless otherwise stated herein. Seller agrees ,to transfer to Buyer all fixtures, all heating, electrical, plumbing,
and well systems together with the following items of Personal Property at no additional cost by Bill of Sale at
Closing [Check or enumerate applicable items]:
0 Refrigerator
0 Central Air Conditioning
0 Central Humidifier
0 Light Fixtures, as they exist
26
27
28
29
30
31
34
OOven/Range/Stove
OMicrowave
0 Dishwasher
0 Garbage Disposal
0 Trash Compactor
0 Washer
ODryer
OAttached Gas Grill
35
Other Items Included at No Additional Cost: All existing personal property, in "as is" condition
32
33
OWindow Air Conditioner(s)
OCeiling Fan(s)
0 Intercom System
0 Backup Generator System
0 Satellite Dish
D Outdoor Shed
OPlanted Vegetation
OOutdoor Play Set(s)
OWater Softener (owned)
osump Pump(s)
0 Electronic or Media Air Filter(s)
0 Central Vac & Equipment
0 Security System(s) (owned)
0 Garage Door Opener(s)
with all Transmitters
OAll Tacked Down Carpeting
OBuilt-in or attached shelving
OAllWmdowTreatments&Hardware
0 Existing Storms and Screens
O Fireplace Screens/Doors/Grates
O Fireplace Gas Log(s)
0 Invisible Fence System, Collar & Box
OSmoke Detectors
OCarbon Monoxide Detectors
36
37
38
Items Not I n c l u d e d : - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
39
40
Seller warrants to Buyer that all fixtures, systems and Personal Property included in this Contract shall be in
operating condition at Possession e x c e p t : - - - - - - - - - - - - - - - - - - - - - - - - - A system or item shall be deemed to be in operating condition if it performs the function for which it is
intended, regardless of age, and does not constitute a threat to health or safety.
If Home Warranty will be provided, complete Optional Paragraph 34.
41
42
43
Buyer Initial
Buyer Initial _ _ __
Address: 11708 w. Coral
Page 1 of13
Seller Initial ____ Seller Initial _ _ __
Huntley
IL
60142
v6.1
44
45
46
6. CLOSING: Closing shall be on or before Sept. 22
20 _1_6_ or at such time as mutually agreed by the
Parties in writing. Closing shall take place at the escrow office of the title company (or its issuing agent) that will
issue the Owner's Policy of Title Insurance, situated nearest the Real Estate or as shall be agreed mutually by the Parties.
47
7. POSSESSION: Unless otherwise provided in Paragraph 40, Seller shall deliver possession to Buyer at Closing.
48
49
Possession shall be deemed to have been delivered when Seller has vacated the Real Estate and delivered keys
to the Real Estate to Buyer or to the office of the Seller's Brokerage.
5(3:- B:--MORTGAGE GONT-JNGE~etitm-is-N~N-FINAl\JONG, Optianal Paragmph-.¥-a)..QR.
51~aragraph36b)MUSTBEUSED.IfanyportionofParagraph36isused,theprovisionsofthisParagraph8areNOT APPLICABLE.
52 ~Contract is contingent upon Buyer obtaining a [check one] D fixed; D adjustable; [check one]D conventional;
53 D FH
A (if FHANA is chosen, complete Paragraph 37); D other
loan for
%
54 of the Pur ase Price, plus private mortgage insurance (PMI), if required, with an interest rate (initial rate if an
55 adjustable rat
ortgage used) not to exceed
% per annum, amortized over not less than _ _ years.
56 Buyer shall pay 1
origination fee and/or discount points not to exceed
% of the loan amount. Buyer
57 shall pay usual and stomary processing fees and closing costs charged by lender. (Complete Paragraph 35 if
58 closing cost credits appl
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
Buyer shall make written lo
pplication within five (5) Business Days after the Date of Acceptance; failure to
do so shall constitute an act of
ault under this Contract. [Complete both a) and b)]:
a) Not later than
0 _,(if no date is inserted, the date shall be twenty-one (21) days after
the Date of Acceptance) Buyer sha
rovide written evidence from Buyer's licensed lending institution
confirming that Buyer has provided to su lending institution an "Intent to Proceed" as that term is defined
in the rules of the Consumer Financial Prate ·on Bureau and has paid all lender application and appraisal
fees. If Buyer is unable to provide such writt evidence, Seller shall have the option of declaring this
Contract terminated by giving Notice to the other
ty not later than two (2) Business Days after the date
specified herein or any extension date agreed to by the
ties in writing.
b) Not later than
20 _ , (if no date is ins ~ed, the date shall be sixty (60) days after the
Date of Acceptance) Buyer shall provide written evidenc~ rom Buyer's licensed lending institution
confirming that Buyer has received a written mortgage commitme for the loan referred to above. If Buyer
is unable to provide such written evidence either Buyer or Seller sR 1 have the option of declaring this
Contract terminated by giving Notice to the other Party not later than
(2) Business Days after the date
specified herein or any extension date agreed to by the Parties in writing.
A Party causing delay in the loan approval process shall not have the right tote · ate under either of the
preceding paragraphs. In the event neither Party elects to declare this Contract termin ed as of the latter of
the dates specified above (as may be amended from time to time), then this Contract sh continue in full
force and effect without any loan contingencies.
Unless otherwise provided in Paragraph 32, this Contract shall not be contingent upon the s e and/or
closing of Buyer's existing real estate. Buyer shall be deemed to have satisfied the financing conditions f this
paragraph if Buyer obtains a loan commitment in accordance with the terms of this paragraph even though e
·-81:----lt)ftft-is-eefteli.l:itffl:eel-eR-the sale and/or closing of Buyer's existing real estate.
82
83
84
85
86
9. STATUTORY DISCLOSURES: If applicable, prior to signing this Contract, Buyer:
[check one] D has D has not received a completed Illinois Residential Real Property Disclosure;
[check one] D has D has not received the EPA Pamphlet, "Protect Your Family From Lead In Your Home";
[check one] D has D has not received a Lead-Based Paint Disclosure;
[check one] D has D has not received the lEMA, "Radon Testing Guidelines for Real Estate Transactions";
Buyer Initial
Buyer Initial _ _ __
Address: 11708 W. Coral
Page 2 of13
Seller Initial ____ Seller Initial _ _ __
Huntley
IL
60142
v6.1
87
[check one] D has D has not received the Disclosure of Information on Radon Hazards.
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
10. PRORATIONS: Proratable items shall include without limitation, rents and deposits (if any) from tenants;
Special Service Area or Special Assessment Area tax for the year of Closing only; utilities, water and sewer; and
Homeowner or Condominium Association fees (and Master/Umbrella Association fees, if applicable).
Accumulated reserves of a Homeowner/Condominium Association(s) are not a proratable item. Seller
represents that as of the Date of Acceptance Homeowner/Condominium Association(s) fees are$ _ _ _ __
per -=(and, if applicable Master/Umbrella Association fees are$
per
).
Seller agrees to pay prior to or at Closing any special assessments (by any association or governmental entity)
confirmed prior to the Date of Acceptance. Special Assessment Area or Special Service Area installments due
after the year of Closing shall not be proratable items and shall be paid by Buyer. The general Real Estate taxes
shall be prorated as of the date of Closing based on~% of the most recent ascertainable full year tax bill. All
prorations shall be final as of Closing, except as provided in Paragraph 22. If the amount of the most recent
ascertainable full year tax bill reflects a homeowner, senior citizen or other exemption, a senior freeze or senior
deferral, then Seller has submitted or will submit in a timely manner all necessary documentation to the
appropriate governmental entity, before or after Closing, to preserve said exemption(s). The requirements of
this Paragraph shall survive the Closing.
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11. ATTORNEY REVIEW: Within five (5) Business Days after Date of Acceptance, the attorneys for the respective
Parties, by Notice, may:
a) Approve this Contract; or
b) Disapprove this Contract, which disapproval shall not be based solely upon the Purchase Price; or
c) Propose modifications except for the Purchase Price. If within ten (10) Business Days after the Date of
Acceptance written agreement is not reached by the Parties with respect to resolution of the proposed
modifications, then either Party may terminate this Contract by serving Notice, whereupon this Contract
shall be null and void; or
d) Propose suggested changes to this Contract. If such suggestions are not agreed upon, neither Party may
declare this Contract null and void and this Contract shall remain in full force and effect.
Unless otherwise specified, all Notices shall be deemed made pursuant to Paragraph 11 c). If Notice is not
served within the time specified herein, the provisions of this paragraph shall be deemed waived by the
Parties and this Contract shall remain in full force and effect.
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12. PROFESSIONAL INSPECTIONS AND INSPECTION NOTICES: Buyer may conduct at Buyer's expense (unless
otherwise provided by governmental regulations) any or all of the following inspections of the Real Estate by
one or more licensed or certified inspection services: home, radon, environmental, lead-based paint, lead-based
paint hazards or wood-destroying insect infestation.
a) Buyer agrees that minor repairs and routine maintenance items of the Real Estate do not constitute defects
and are not a part of this contingency. The fact that a functioning major component may be at the end of
its useful life shall not render such component defective for purposes of this paragraph. Buyer shall
indemnify Seller and hold Seller harmless from and against any loss or damage caused by the acts of
negligence of Buyer or any person performing any inspection. The home inspection shall cover only the
major components of the Real Estate, including but not limited to central heating system(s), central cooling
system(s), plumbing and well system, electrical system, roof, walls, windows, doors, ceilings, floors,
appliances and foundation. A major component shall be deemed to be in operating condition if it performs
the function for which it is intended, regardless of age, and does not constitute a threat to health or safety. If
radon mitigation is performed, Seller shall pay for any retest.
Buyer Initial
Buyer Initial _ _ __
Address: 11708 W. Coral
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Seller Initial ____ Seller Initial _ _ __
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b) Buyer shall serve Notice upon Seller or Seller's attorney of any defects disclosed by any inspection for which
Buyer requests resolution by Seller, together with a copy of the pertinent pages of the inspection reports
within five (5) Business Days (ten (10) calendar days for a lead-based paint or lead-based paint hazard
inspection) after the Date of Acceptance. If within ten (10) Business Days after the Date of Acceptance
written agreement is not reached by the Parties with respect to resolution of all inspection issues, then either
Party may terminate this Contract by serving Notice to the other Party, whereupon this Contract shall be
null and void.
c) Notwithstanding anything to the contrary set forth above in this paragraph, in the event the inspection
reveals that the condition of the Real Estate is unacceptable · to Buyer and Buyer serves Notice to Seller
within five (5) Business Days after the Date of Acceptance, this Contract shall be null and void. Said Notice
shall not include any portion of the inspection reports unless requested by Seller.
d) Failure of Buyer to conduct said inspection(s) and notify Seller within the time specified operates as a
waiver of Buyer's rights to terminate this Contract under this Paragraph 12 and this Contract shall remain
in full force and effect.
13. HOMEOWNER INSURANCE: This Contract is contingent upon Buyer obtaining evidence of insurability for an
Insurance Service Organization H0-3 or equivalent policy at standard premium rates within ten (10) Business
Days after the Date of Acceptance. If Buyer is unable to obtain evidence of insurability and serves Notice
with proof of same to Seller within time specified, this Contract shall be null and void. If Notice is not
served within the time specified, Buyer shall be deemed to have waived this contingency and this Contract
shall remain in full force and effect.
14. FLOOD INSURANCE: Buyer shall have the option to declare this Contract null and void if the Real Estate is
located in a special flood hazard area. If Notice of the option to declare contract null and void is not given to
Seller within ten (10) Business Days after the Date of Acceptance or by the time specified in Paragraph 8 b),
whichever is later, Buyer shall be deemed to have waived such option and this Contract shall remain in full
force and effect. Nothing herein shall be deemed to affect any rights afforded by the Residential Real Property
Disclosure Act.
15. CONDOMINIUM/COMMON INTEREST ASSOCIATIONS: (If applicable) The Parties agree that the terms
contained in this paragraph, which may be contrary to other terms of this Contract, shall supersede any
conflicting terms.
a) Title when conveyed shall be good and merchantable, subject to terms, provisions, covenants and conditions
of the Declaration of Condominium/Covenants, Conditions and Restrictions ("Declaration/CCRs") and all
amendments; public and utility easements including any easements established by or implied from the
Declaration/CCRs or amendments thereto; party wall rights and agreements; limitations and conditions
imposed by the Condominium Property Act; installments due after the date of Closing of general
assessments established pursuant to the Declaration/CCRs.
b) Seller shall be responsible for payment of all regular assessments due and levied prior to Closing and for all
special assessments confirmed prior to the Date of Acceptance.
c) Seller shall notify Buyer of any proposed special assessment or increase in any regular assessment between
the Date of Acceptance and Closing. The Parties shall have three (3) Business Days to reach agreement
relative to payment thereof. Absent such agreement either Party may declare the Contract null and void.
d) Seller shall, within five (5) Business Days from the Date of Acceptance, apply for those items of disclosure
upon sale as described in the Illinois Condominium Property Act, and provide same in a timely manner, but
no later than the time period provided for by law. This Contract is subject to the condition that Seller be able
Buyer IniHal
Buyer Initial _ _ __
Address: 11708 w. Coral
Page4 of13
Seller Initial _ _ _ _ Seller Initial _ _ __
Huntley
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to procure and provide to Buyer a release or waiver of any right of first refusal or other pre-emptive rights to
purchase created by the Declaration/CCRs. In the event the Condominium Association requires the personal
appearance of Buyer or additional documentation, Buyer agrees to comply with same.
e) In the event the documents and information provided by Seller to Buyer disclose that the existing
improvements are in violation of existing rules, regulations or other restrictions or that the terms and
conditions contained within the documents would unreasonably restrict Buyer's use of the premises or
would result in financial obligations unacceptable to Buyer in connection with owning the Real Estate, then
Buyer may declare this Contract null and void by giving Seller Notice within five (5) Business Days after the
receipt of the documents and information required by this Paragraph, listing those deficiencies which are
unacceptable to Buyer. If Notice is not served within the time specified, Buyer shall be deemed to have
waived this contingency, and this Contract shall remain in full force and effect.
f) Seller shall not be obligated to provide a condominium survey.
g) Seller shall provide a certificate of insurance showing Buyer and Buyer's mortgagee, if any, as an insured.
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16. THE DEED: Seller shall convey or cause to be conveyed to Buyer or Buyer's Designated grantee good and
merchantable title to the Real Estate by recordable Warranty Deed, with release of homestead rights, (or the
appropriate deed if title is in trust or in an estate), and with real estate transfer stamps to be paid by Seller
(unless otherwise designated by local ordinance). Title when conveyed will be good and merchantable, subject
only to: covenants, conditions and restrictions of record and building lines and easements, if any, provided they
do not interfere with the current use and enjoyment of the Real Estate; and general real estate taxes not due and
payable at the time of Closing.
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17. MUNICIPAL ORDINANCE, TRANSFER TAX, AND GOVERNMENTAL COMPLIANCE:
a) The Parties are cautioned that the Real Estate may be situated in a municipality that has adopted a preclosing inspection requirement, municipal Transfer Tax or other similar ordinances. Transfer taxes required
by municipal ordinance shall be paid by the Party designated in such ordinance.
b) The Parties agree to comply with the reporting requirements of the applicable sections of the Internal
Revenue Code and the Real Estate Settlement Procedures Act of 1974, as amended.
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18. TITLE: At Seller's expense, Seller will deliver or cause to be delivered to Buyer or Buyer's attorney within
customary time limitations and sufficiently in advance of Closing, as evidence of title in Seller or Grantor, a title
commitment for an ALTA title insurance policy in the amount of the Purchase Price with extended coverage by
a title company licensed to operate in the State of Illinois, issued on or subsequent to the Date of Acceptance,
subject only to items listed in Paragraph 16. The requirement to provide extended coverage shall not apply if the
Real Estate is vacant land. The commitment for title insurance furnished by Seller will be presumptive evidence
of good and merchantable title as therein shown, subject only to the exceptions therein stated. If the title
commitment discloses any unpermitted exceptions or if the Plat of Survey shows any encroachments or other
survey matters that are not acceptable to Buyer, then Seller shall have said exceptions, survey matters or
encroachments removed, or have the title insurer commit to either insure against loss or damage that may
result from such exceptions or survey matters or insure against any court-ordered removal of the
encroachments. If Seller fails to have such exceptions waived or insured over prior to Closing, Buyer may elect
to take title as it then is with the right to deduct from the Purchase Price prior encumbrances of a definite or
ascertainable amount. Seller shall furnish Buyer at Closing an Affidavit of Title covering the date of Closing, and
shall sign any other customary forms required for issuance of an ALTA Insurance Policy.
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19. PLAT OF SURVEY: Not less than one (1) Business Day prior to Closing, except where the Real Estate is a
condominium (see Paragraph 15) Seller shall, at Seller's expense, furnish to Buyer or Buyer's attorney a Plat of
Buyer Initial
Buyer Initial _ _ __
Address: 11708 W. Coral
PageS of13
Seller Initial ____ Seller Initial _ _ __
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Survey that conforms to the current Minimum Standard of Practice for boundary surveys, is dated not more
than six (6) months prior to the date of Closing, and is prepared by a professional land surveyor licensed to
practice land surveying under the laws of the State of illinois. The Plat of Survey shall show visible evidence of
improvements, rights of way, easements, use and measurements of all parcel lines. The land surveyor shall set
monuments or witness corners at all accessible corners of the land. All such corners shall also be visibly staked
or flagged. The Plat of Survey shall include the following statement placed near the professional land surveyor's
seal and signature: "This professional service conforms to the current Illinois Minimum Standards for a
boundary survey." A Mortgage Inspection, as defined, is not a boundary survey and is not acceptable.
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20. DAMAGE TO REAL ESTATE OR CONDEMNATION PRIOR TO CLOSING: If prior to delivery of the deed the
Real Estate shall be destroyed or materially damaged by fire or other casualty, or the Real Estate is taken by
condemnation, then Buyer shall have the option of either terminating this Contract (and receiving a refund of
earnest money) or accepting the Real Estate as damaged or destroyed, together with the proceeds of the
condemnation award or any insurance payable as a result of the destruction or damage, which gross proceeds
Seller agrees to assign to Buyer and deliver to Buyer at Closing. Seller shall not be obligated to repair or replace
damaged improvements. The provisions of the Uniform Vendor and Purchaser Risk Act of the State of illinois
shall be applicable to this Contract, except as modified by this paragraph.
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21. CONDITION OF REAL ESTATE AND INSPECTION: Seller agrees to leave the Real Estate in broom clean
condition. All refuse and personal property that is not to be conveyed to Buyer shall be removed from the Real
Estate at Seller's expense prior to delivery of Possession. Buyer shall have the right to inspect the Real Estate,
fixtures and included Personal Property prior to Possession to verify that the Real Estate, improvements and
included Personal Property are in substantially the same condition as of the Date of Acceptance, normal wear
and tear excepted.
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22. REAL ESTATE TAX ESCROW: In the event the Real Estate is improved, but has not been previously taxed for
the entire year as currently improved, the sum of three percent (3%) of the Purchase Price shall be deposited in
escrow with the title company with the cost of the escrow to be divided equally by Buyer and Seller and paid at
Closing. When the exact amount of the taxes to be prorated under this Contract can be ascertained, the taxes
shall be prorated by Seller's attorney at the request of either Party and Seller's share of such tax liability after
proration shall be paid to Buyer from the escrow funds and the balance, if any, shall be paid to Seller. If Seller's
obligation after such proration exceeds the amount of the escrow funds, Seller agrees to pay such excess
promptly upon demand.
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23. SELLER REPRESENTATIONS: Seller's representations contained in this paragraph shall survive the Closing.
Seller represents that with respect to the Real Estate Seller has no knowledge of nor has Seller received any
written notice from any association or governmental entity regarding:
a) zoning, building, fire or health code violations that have not been corrected;
b) any pending rezoning;
c) boundary line disputes;
d) any pending condemnation or Eminent Domain proceeding;
e) easements or claims of easements not shown on the public records;
f) any hazardous waste on the Real Estate;
g) any improvements to the Real Estate for which the required initial and final permits were not obtained;
h) any improvements to the Real Estate which are not included in full in the determination of the most recent tax assessment; or
i) any improvements to the Real Estate which are eligible for the horne improvement tax exemption.
Seller further represents that:
Buyer Initial
Buyer Initial _ _ __
Address: 11708 W. Coral
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Seller Initial ____ Seller Initial _ _ __
Huntley
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There [check one] D is ~ is not a pending or unconfirmed special assessment
affecting the Real Estate by any association or governmental entity payable by Buyer after the date of Closing.
_ _ _ _ _ _ _ _ The Real Estate [check one] Dis !Sa is not located within a Special Assessment Area or
Special Service Area, payments for which will not be the obligation of Seller after theyearinwhichtheOosingoccurs.
All Seller representations shall be deemed re-made as of Closing. If prior to Closing Seller becomes aware of
matters that require modification of the representations previously made in this Paragraph 23, Seller shall
promptly notify Buyer. If the matters specified in such Notice are not resolved prior to Closing, Buyer may
terminate this Contract by Notice to Seller and this Contract shall be null and void.
[Initials] _ _ _ _ _ _ _ _
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24. BUSINESS DAYS/HOURS: Business Days are defined as Monday through Friday, excluding Federal
holidays. Business Hours are defined as 8:00A.M. to 6:00P.M. Chicago time.
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25.
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executing, negotiating, and finalizing this Contract, and delivery thereof by one of the following methods shall
be deemed delivery of this Contract containing original signature(s). An acceptable facsimile signature may be
produced by scanning an original, hand-signed document and transmitting same by facsimile. An acceptable
digital signature may be produced by use of a qualified, established electronic security procedure mutually
agreed upon by the Parties. Transmissions of a digitally signed copy hereof shall be by an established, mutually
acceptable electronic method, such as creating a PDF ("Portable Document Format") document incorporating
the digital signature and sending same by electronic mail.
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26. DIRECTION TO ESCROWEE: In every instance where this Contract shall be deemed null and void or if this
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Contract may be terminated by either Party, the following shall be deemed incorporated: "and Earnest Money
refunded upon the joint written direction by the Parties to Escrowee or upon an entry of an order by a court of
competent jurisdiction."
In the event either Party has declared the Contract null and void or the transaction has failed to close as
provided for in this Contract and if Escrowee has not received joint written direction by the Parties or such court
order, the Escrowee may elect to proceed as follows:
a) Escrowee shall give written Notice to the Parties as provided for in this Contract at least fourteen (14) days
prior to the date of intended disbursement of Earnest Money indicating the manner in which Escrowee
intends to disburse in the absence of any written objection. If no written objection is received by the date
indicated in the Notice then Escrowee shall distribute the Earnest Money as indicated in the written Notice
to the Parties. If any Party objects in writing to the intended disbursement of Earnest Money then Earnest
Money shall be held until receipt of joint written direction from all Parties or until receipt of an order of a
court of competent jurisdiction.
b) Escrowee may file a Suit for Interpleader and deposit any funds held into the Court for distribution after
resolution of the dispute between Seller and Buyer by the Court. Escrowee may retain from the funds
deposited with the Court the amount necessary to reimburse Escrowee for court costs and reasonable
attorney's fees incurred due to the filing of the Interpleader. If the amount held in escrow is inadequate to
reimburse Escrowee for the costs and attorney's fees, Buyer and Seller shall jointly and severally indemnify
Escrowee for additional costs and fees incurred in filing the Interpleader action.
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27. NOTICE: Except as provided in Paragraph 32 c) 2) regarding the manner of service for "kick-out" Notices, all
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Notices shall be in writing and shall be served by one Party or attorney to the other Party or attorney. Notice to
any one of the multiple person Party shall be sufficient Notice to all. Notice shall be given in the following manner:
a) By personal delivery; or
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FACSIMILE OR DIGITAL SIGNATURES: Facsimile or digital signatures shall be sufficient for purposes of
Buyer Initial
Buyer Initial _ _ __
Address: 11708 w. Coral
Page 7 of13
Seller Initial ____ Seller Initial _ _ __
Huntley
IL
60142
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b) By mailing to the addresses recited herein by regular mail and by certified mail, return receipt requested. Except
as otherwise provided herein, Notice served by certified mail shall be effective on the date of mailing; or
c) By facsimile transmission. Notice shall be effective as of date and time of the transmission, provided that the
Notice transmitted shall be sent on Business Days during Business Hours. In the event Notice is transmitted
during non-business hours, the effective date and time of Notice is the first hour of the next Business Day after
transmission; or
d) By e-mail transmission if an e-mail address has been furnished by the recipient Party or the recipient Party's
attorney to the sending Party or is shown in this Contract. Notice shall be effective as of date and time of e-mail
transmission, provided that, in the event e-mail Notice is transn.'titted during non-business hours, the effective
date and time of Notice is the first hour of the next Business Day after transmission. An attorney or Party may
opt out of future e-mail Notice by any form of Notice provided by this Contract; or
e) By commercial overnight delivery (e.g., FedEx). Such Notice shall be effective on the next Business Day
following deposit with the overnight delivery company.
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28. PERFORMANCE: Time is of the essence of this Contract. In any action with respect to this Contract, the Parties
are free to pursue any legal remedies at law or in equity and the prevailing party in litigation shall be entitled to
collect reasonable attorney fees and costs from the non-prevailing party as ordered by a court of competent jurisdiction.
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29. CHOICE OF LAW AND GOOD FAITH: All terms and provisions of this Contract including but not limited to the
Attorney Review and Professional Inspection paragraphs shall be governed by the laws of the State of illinois and
are subject to the covenant of good faith and fair dealing implied in all illinois contracts.
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30. OTHER PROVISIONS: This Contract is also subject to those OPTIONAL PROVISIONS initialed by the Parties
and the following additional attachments, if a n y : - - - - - - - - - - - - - - - - - - - - - - -
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OPTIONAL PROVISIONS (Applicable ONLY if initialed by all Parties)
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31. CONFIRMATION OF DUAL AGENCY: The Parties confirm that they have previously
consented to
(Licensee) acting as a Dual Agent in providing
brokerage services on their behalf and specifically consent to Licensee acting as a Dual Agent with regard to the
transaction referred to in this Contract.
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_ _ _ _ _ _ _ _ 32. SALE OF BUYER'S REAL ESTATE:
[Initialsl _ _ _ _ _ _ _ _
a)
REPRESENTATIONS ABOUT BUYER'S REAL ESTATE: Buyer represents to Seller as follows:
1) Buyer owns real estate (hereinafter referred to as "Buyer's real estate") with the address of:
Address
City
Zip
State
2) Buyer [check one] D has D has not entered into a contract to sell Buyer's real estate.
If Buyer has entered into a contract to sell Buyer's real estate, that contract:
a) [check one] Dis Dis not subject to a mortgage contingency.
b) [check one] Dis Dis not subject to a real estate sale contingency.
c) [check one] Dis Dis not subject to a real estate closing contingency.
3) Buyer [check one] D has D has not listed Buyer's real estate for sale with a licensed real estate broker and
in a local multiple listing service.
4) If Buyer's real estate is not listed for sale with a licensed real estate broker and in a local multiple listing
service, Buyer [check one]:
Buyer Initial
Buyer Initial _ _ __
Address: 11708 w. Coral
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Seller Initial ____ Seller Initial _ _ __
Huntley
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a) D Shall list real estate for sale with a licensed real estate broker who will place it in a local multiple
listing service within five (5) Business Days after Date of Acceptance.
[For infonnation only] B r o k e r : - - - - - - - - - - - - - - - - - - - - - - Broker's Address:
Phone: _ _ _ _ _ _ __
b) D Does not intend to list said real estate for sale.
b) CONTINGENCIES BASED UPON SALE AND/OR CLOSING OF REAL ESTATE:
1) This Contract is contingent upon Buyer having entered into a contract for the sale of Buyer's real estate that
is in full force and effect as of
20 _ _. Such contract should provide for a closing
date not later than the Closing Date set forth in this Contracf. If Notice is served on or before the date set
forth in this subparagraph that Buyer has not procured a contract for the sale of Buyer's real estate, this
Contract shall be null and void. If Notice that Buyer has not procured a contract for the sale of Buyer's
real estate is not served on or before the close of business on the date set forth in this subparagraph,
Buyer shall be deemed to have waived all contingencies contained in this Paragraph 32, and this
Contract shall remain in full force and effect. (If this paragraph is used, then the following paragraph must
be completed.)
2) In the event Buyer has entered into a contract for the sale of Buyer's real estate as set forth in Paragraph 32
b) 1) and that contract is in full force and effect, or has entered into a contract for the sale of Buyer's real
estate prior to the execution of this Contract, this Contract is contingent upon Buyer closing the sale of
Buyer's real estate on or before
20 _ _. If Notice that Buyer has not closed the sale
of Buyer's real estate is served before the close of business on the next Business Day after the date set
forth in the preceding sentence, this Contract shall be null and void. If Notice is not served as described
in the preceding sentence, Buyer shall have deemed to have waived all contingencies contained in this
Paragraph 32, and this Contract shall remain in full force and effect.
3) If the contract for the sale of Buyer's real estate is terminated for any reason after the date set forth in
Paragraph 32 b) 1) (or after the date of this Contract if no date is set forth in Paragraph 32 b) 1)), Buyer shall,
within three (3) Business Days of such termination, notify Seller of said termination. Unless Buyer, as part
of said Notice, waives all contingencies in Paragraph 32 and complies with Paragraph 32 d), this Contract
shall be null and void as of the date of Notice. If Notice as required by this subparagraph is not served
within the time specified, Buyer shall be in default under the terms of this Contract.
c) SELLER'S RIGHT TO CONTINUE TO OFFER REAL ESTATE FOR SALE: During the time of this contingency,
Seller has the right to continue to show the Real Estate and offer it for sale subject to the following:
1) If Seller accepts another bona fide offer to purchase the Real Estate while contingencies expressed in
Paragraph 32 b) are in effect, Seller shall notify Buyer in writing of same. Buyer shall then have _ _ __
hours after Seller gives such Notice to waive the contingencies set forth in Paragraph 32 b), subject to
Paragraph 32 d).
2) Seller's Notice to Buyer (commonly referred to as a 'kick-out' Notice) shall be in writing and shall be served
on Buyer, not Buyer's attorney or Buyer's real estate agent. Courtesy copies of such 'kick-out' Notice should
be sent to Buyer's attorney and Buyer's real estate agent, if known. Failure to provide such courtesy copies
shall not render Notice invalid. Notice to any one of a multiple-person Buyer shall be sufficient Notice to all
Buyers. Notice for the purpose of this subparagraph only shall be served upon Buyer in the following manner:
a) By personal delivery effective at the time and date of personal delivery; or
b) By mailing to the address recited herein for Buyer by regular mail and by certified mail. Notice shall be
effective at 10:00 A.M. on the morning of the second day following deposit of Notice in the U.S. Mail; or
Buyer Initial
Buyer Initial _ _ __
Address: 11708 W. Coral
Page 9 of13
Seller Initial ____ Seller Initial _ _ __
Huntley
IL
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c) By commercial delivery overnight (e.g., FedEx). Notice shall be effective upon delivery or at 4:00P.M.
Chicago time on the next delivery day following deposit with the overnight delivery company,
whichever first occurs.
3) If Buyer complies with the provisions of Paragraph 32 d) then this Contract shall remain in full force and effect.
4) If the contingencies set forth in Paragraph 32 b) are NOT waived in writing, within said time period by
Buyer, this Contract shall be null and void.
5) Except as provided in Paragraph 32 c) 2) above, all Notices shall be made in the manner provided by
Paragraph 27 of this Contract.
6) Buyer waives any ethical objection to the delivery of Notice under this paragraph by Seller's attorney or
representative.
d) WAIVER OF PARAGRAPH 32 CONTINGENCIES: Buyer shall be deemed to have waived the contingencies in
Paragraph 32 b) when Buyer has delivered written waiver and deposited with the Escrowee additional earnest
money in the amount of$
in the form of a cashier's or certified check within the time
specified. If Buyer fails to deposit the additional earnest money within the time specified, the waiver shall be
deemed ineffective and this Contract shall be null and void.
e) BUYER COOPERATION REQUIRED: Buyer authorizes Seller or Seller's agent to verify representations contained
in Paragraph 32 at any time, and Buyer agrees to cooperate in providing relevant information.
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403
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407
________ 33. CANCELLATION OF PRIOR REAL EST ATE CONTRACT: In the event either Party has entered
into a prior real estate contract, this Contract shall be subject to written cancellation of the prior contract on or before
20 __ . In the event the prior contract is not cancelled within the time specified, this
Contract shall be null and void Seller's notice to the purchaser under the prior contract should not be served
until after Attorney Review and Professional Inspections provisions of this Contract have expired, been
satisfied or waived.
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409
________ 34. HOME WARRANTY: Seller shall provide at no expense to Buyer a Home Warranty at a cost
o f $ - - - - - - - · Evidence of a fully pre-paid policy shall be delivered at Closing.
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412
________ 35. CREDIT AT CLOSING: Provided Buyer's lender permits such credit to show on the HUD-1
Settlement Statement or Closing Disclosure, and if not, such lesser amount as the lender permits, Seller agrees to
credit$
to Buyer at Closing to be applied to prepaid expenses, closing costs or both.
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_ _ _ _ _ _ _ 36. TRANSACTIONS NOT CONTINGENT ON FINANCING: IF EITHER OF THE FOLLOWING
ALTERNATIVE OPTIONS IS SELECTED, THE PROVISIONS OF THE MORTGAGE CONTINGENCY PARAGRAPH 8
SHALL NOT APPLY [CHOOSE ONLY ONEJ:
a) ________ Transaction With No Mortgage (All Cash): If this selection is made, Buyer will pay at closing,
in the form of "Good Funds" the difference (plus or minus prorations) between the Purchase Price and the
amount of the Earnest Money deposited pursuant to Paragraph 4 above. Buyer represents to Seller, as of the
Date of Offer, that Buyer has sufficient funds available to satisfy the provisions of this paragraph. Buyer agrees
to verify the above representation upon the reasonable request of Seller and to authorize the disclosure of such
financial information to Seller, Seller's attorney or Seller's broker that may be reasonably necessary to prove the
availability of sufficient funds to close. Buyer understands and agrees that, so long as Seller has fully complied
with Seller's obligations under this Contract, any act or omission outside of the control of Seller, whether
intentional or not, that prevents Buyer from satisfying the balance due from Buyer at closing, shall constitute a
material breach of this Contract by Buyer. The Parties shall share the title company escrow closing fee equally.
Unless otherwise provided in Paragraph 32, this Contract shall not be contingent upon the sale and/or
closing of Buyer's existing real estate.
Buyer Initial
Buyer Initial _ _ __
Address: 11708 w. Coral
Page 10 of13
Seller Initial _ _ _ _ Seller Initial _ _ __
Huntley
IL
60142
v6.1
428
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b) _ _ _ _ _ _ _ _ Transaction, Mortgage Allowed: If this selection is made, Buyer will pay at closing, in the
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_ _ _ _ _ _ _ _ 37. VA OR FHA FINANCING: If Buyer is seeking VA or FHA financing, required FHA or VA
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_ _ _ _ _ _ _ _ 38. WELL OR SANITARY SYSTEM INSPECTIONS: Seller shall obtain at Seller's expense a well
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_ _ _ _ _ _ _ _ 39. WOOD DESTROYING INFESTATION: Notwithstanding the provisions of Paragraph 12,
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________ 40. POST CLOSING POSSESSION: Possession shall be delivered no later than 11:59 P.M. on the
form of "Good Funds" the difference (plus or minus prorations) between the Purchase Price and the amount of
the Earnest Money deposited pursuant to Paragraph 4 above. Buyer represents to Seller, as of the Date of Offer,
that Buyer has sufficient funds available to satisfy the provisions of this paragraph. Buyer agrees to verify the
above representation upon the reasonable request of Seller and to authorize the disclosure of such financial
information to Seller, Seller's attorney or Seller's broker that may be reasonably necessary to prove the
availability of sufficient funds to close. Notwithstanding such representation, Seller agrees to reasonably and
promptly cooperate with Buyer so that Buyer may apply for and obtain a mortgage loan or loans including but
not limited to providing access to the Real Estate to satisfy Buyer's obligations to pay the balance due (plus or
minus prorations) to close this transaction. Such cooperation shall include the performance in a timely manner
of all of Seller's pre-closing obligations under this Contract. This Contract shall NOT be contingent upon
Buyer obtaining financing. Buyer understands and agrees that, so long as Seller has fully complied with
Seller's obligations under this Contract, any act or omission outside of the control of Seller, whether intentional
or not, that prevents Buyer from satisfying the balance due from Buyer at Closing shall constitute a material
breach of this Contract by Buyer. Buyer shall pay the title company escrow closing fee. Unless otherwise
provided in Paragraph 32, this Contract shall not be contingent upon the sale and/or closing of Buyer's
existing real estate.
amendments and disclosures shall be attached to this Contract If VA, the Funding Fee, or if FHA, the Mortgage
Insurance Premium (MIP) shall be paid by Buyer and [check one] D shall D shall not be added to the mortgage loan amount.
water test stating that the well delivers not less than five (5) gallons of water per minute and including a bacteria
and nitrate test and/or a septic report from the applicable County Health Department, a Licensed Environmental
Health Practitioner, or a licensed well and septic inspector, each dated not more than ninety (90) days prior to
Closing, stating that the well and water supply and the private sanitary system are in operating condition with no
defects noted. Seller shall remedy any defect or deficiency disclosed by said report(s) prior to Closing, provided that
if the cost of remedying a defect or deficiency and the cost of landscaping together exceed $3,000.00, and if the
Parties cannot reach agreement regarding payment of such additional cost, this Contract may be terminated by
either Party. Additional testing recommended by the report shall be obtained at the Seller's expense. If the report
recommends additional testing after Closing, the Parties shall have the option of establishing an escrow with a
mutual cost allocation for necessary repairs or replacements, or either Party may terminate this Contract prior to
Closing. Seller shall deliver a copy of such evaluation(s) to Buyer not less than ten (10) Business Days prior to
Closing.
within ten (10) Business Days after the Date of Acceptance, Seller at Seller's expense shall deliver to Buyer a written
report, dated not more than six (6) months prior to the Date of Closing, by a licensed inspector certified by the
appropriate state regulatory authority in the subcategory of termites, stating that there is no visible evidence of
active infestation by termites or other wood destroying insects. Unless otherwise agreed between the Parties, if the
report discloses evidence of active infestation or structural damage, Buyer has the option within five (5) Business
Days of receipt of the report to proceed with the purchase or to declare this Contract null and void.
days after the date of Closing ("the Possession Date"). Seller shall be responsible for all
date that is
utilities, contents and liability insurance, and home maintenance expenses until delivery of possession. Seller shall
Buyer Initial
Buyer Initial _ _ __
Address: 11708 W. Coral
Page 11 of13
Seller Initial _ _ _ _ Seller Initial _ _ __
Huntley
IL
60142
v6.1
471
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4 78
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deposit in escrow at Closing with
[check one] Done percent (1 %)
of the Purchase Price or D the sum of $
to be paid by Escrowee as follows:
a) The sum of$
per day for use and occupancy from and including the day after Closing to
and including the day of delivery of Possession, if on or before the Possession Date;
b) The amount per day equal to three (3) times the daily amount set forth herein shall be paid for each day after
the Possession Date specified in this paragraph that Seller remains in possession of the Real Estate; and
c) The balance, if any, to Seller after delivery of Possession and provided that the terms of Paragraph 21 have been
satisfied. Seller's liability under this paragraph shall not be li~ted to the amount of the possession escrow
deposit referred to above. Nothing herein shall be deemed to create a Landlord/Tenant relationship between the Parties.
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________ 41. "AS IS" CONDITION: This Contract is for the sale and purchase of the Real Estate in its "As
Is" condition as of the Date of Offer. Buyer acknowledges that no representations, warranties or guarantees with
respect to the condition of the Real Estate have been made by Seller or Seller's Designated Agent other than those
known defects, if any, disclosed by Seller. Buyer may conduct an inspection at Buyer's expense. In that event, Seller
shall make the Real Estate available to Buyer's inspector at reasonable times. Buyer shall indemnify Seller and hold
Seller harmless from and against any loss or damage caused by the acts of negligence of Buyer or any person
performing any inspection. In the event the inspection reveals that the condition of the Real Estate is
unacceptable to Buyer and Buyer so notifies Seller within five (5) Business Days after the Date of Acceptance,
this Contract shall be null and void. Buyer's notice SHALL NOT include a copy of the inspection report, and
Buyer shall not be obligated to send the inspection report to Seller absent Seller's written request for same.
Failure of Buyer to notify Seller or to conduct said inspection operates as a waiver of Buyer's right to terminate
this Contract under this paragraph and this Contract shall remain in full force and effect. Buyer acknowledges
that the provisions of Paragraph 12 and the warranty provisions of Paragraph 5 do not apply to this Contract.
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494
________ 42. SPECIFIED PARTY APPROVAL: This Contract is contingent upon the approval of the Real
Estareby _______________________________________________________________________
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Buyer's Specified Party, within five (5) Business Days after the Date of Acceptance. In the event Buyer's Specified
Party does not approve of the Real Estate and Notice is given to Seller within the time specified, this Contract shall
be null and void. If Notice is not served within the time specified, this provision shall be deemed waived by the
Parties and this Contract shall remain in full force and effect.
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_ _ _ _ _ _ _ _ 43. INTEREST BEARING ACCOUNT: Earnest money (with a completed W-9 and other
required forms), shall be held in a federally insured interest bearing account at a financial institution designated
by Escrowee. All interest earned on the earnest money shall accrue to the benefit of and be paid to Buyer. Buyer
shall be responsible for any administrative fee (not to exceed $100) charged for setting up the account. In
anticipation of Closing, the Parties direct Escrowee to close the account no sooner than ten (10) Business Days
prior to the anticipated Closing date.
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________ 44. MISCELLANEOUS PROVISIONS: Buyer's and Seller's obligations are contingent upon the
Parties entering into a separate written agreement consistent with the terms and conditions set forth herein, and
with such additional terms as either Party may deemneresscuy, providing for one or more of the following [check applicable boxes]:
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D Articles of Agreement for Deed
4 72
473
4 74
or Purchase Money Mortgage
D Short Sale
D Assumption of Seller's Mortgage
D Cooperative Apartment
D Tax-Deferred Exchange
Buyer Initial
Buyer Initial _______
Address: 11708 w. Coral
Page 12 of13
D Commercial/Investment
D New Construction
D Vacant Land
Seller Initial ____ Seller Initial _______
Huntley
IL
60142
v6.1
511
THIS DOCUMENT WILL BECOME A LEGALLY BINDING CONTRACT WHEN SIGNED BY ALL PARTIES AND DEUVERED TO THE PARTIES OR THEIR AGENTS.
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THE PARTIES REPRESENT THAT THE TEXT OF THIS COPYRIGHTED FORM HAS NOT BEEN ALTERED AND IS IDENTICAL TO THE OFFICIAL
MULTI-BOARD RESIDENTIAL REAL ESTATE CONTRACT 6.1.
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Date of Offer
DATE OF ACCEPTANCE
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Buyer Signature
Seller Signature
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519
Buyer Signature
Seller Signature
The Village of Huntley, an Illinois municipality
Huntley American Legion Post 673, Inc., a not-for-profit corporation
Print Buyer(s) Name(s) [Required]
Print Seller(s) Name(s) [Required]
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526
527
10987 Main St.
11712 Coral Ave.
Address
Address
Huntley
IL
60142
Huntley
IL
60142
City
State
Zip
City
State
Zip
Phone
E-mail
84 7-515-5200
Phone
E-mail
528
FOR INFORMATION ONLY
529
530
N/A
------------------------------------------Buyer's Brokerage
MLS#
State license# Seller's Brokerage
MLS#
State license #
531
532
Address
City
Zip
Address
City
Zip
533
534
Buyer's Designated Agent
MLS #
State license#
Seller's Designated Agent
MLS#
State license #
535
536
Phone
537
538
E-mail
E-mail
John Cowlin
William A. Hellyer
N/A
Fax
Fax
Phone
539
540
------------------------------------------Buyer's Attorney
E-mail
Seller's Attorney
541
542
------------------~-----------------------
543
544
[email protected]
E-mail
20 Grant St.
Crystal Lake
IL
60014
444 N. IL Rt. 31, #100
Crystal Lake
IL
60012
Address
City
State
Zip
Address
City
State
Zip
815-459-5300
815-459-5305
815-459-1700
815-455-6011
Phone
Fax
Phone
Fax
N/A
N/A
545
546
Mortgage Company
Phone
Homeowner's/Condo Association (if any) Phone
547
548
Loan Officer
Phone/Fax
Management Co./Other Contact
549
550
Loan Officer E-mail
551
lllinois Real Fstate license Law requires all offers be presented in a timely mannet; Buyer requests verification that this offer was presented
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557
Seller rejection: This offer was presented to Seller on _ _ _ _ _ ____, 20 _ _ at __ :__ A.M./P.M. and rejected o n - - - - - 20 _ _ a t _ : _ A.M./P.M. ______ [Seller Initials]
558
559
Phone
Management Co./Other Contact E-mail
© 2015, lllinois Real Estate l.nunjerS Association. All rights reserved. Una11tlrorized d11plicatio11 or alteration of tl1is fonn or any portion thereof is prohibited. Official fom• available at
www.ire/a.ors: (website oflllinois Real Estate lJiWtjers Association). Approved by the following organiwtions, September 2015: lllinois Real Estate lJiWtjers Association· DuPage CounhJ Bar Association·
McHennJ County Bar Association· Northwest Suburban Bar Association· Will County Bar Association · Belvidere Board ofREALTORS"· Chicago Association of REALTORS"· Heartland REALTOR®
Organization · Hometown Association of REALTORS" · lllini Vallf!lj Association of REALTORS®· Knnkakee-Iroquois-Ford County Association of REALTORS" · Mainstreet Organiwtion of
REALTORS" · North Shore-Barrington Association of REALTORS"· Oak Park Area Association of REALTORS" · REALTOR"' Association of the Fox Vallf!lj, Inc. · T1<ree Rivers Association of
REALTORS"
Buyer Initial
Buyer Initial _ _ __
Address: 11708 w. Coral
Page 13 of13
Seller Initial ________ Seller Initial _ _ __
Huntley
IL
60142
v6.1
ADDENDUM TO REAL ESTATE PURCHASE AGREEMENT
FOR 11708 W. CORAL ST., HUNTLEY, ILLINOIS, BETWEEN
HUNTLEY AMERICAN LEGION POST 673, SELLER, AND
THE VILLAGE OF HUNTLY, BUYER
The parties to the above referenced contract dated _____________, hereby agree to
the following terms, which shall be made a part of the contract.
1. The Village of Huntley will enter into a License Agreement with Huntley American
Legion Post 673, for an area of approximately 33’ x 105’ (as depicted on the
attached exhibit) on the property to accommodate an outdoor beer garden and
horseshoe pits for the Huntley American Legion Post 673, subject to the Village of
Huntley’s site plan review, approval process and any applicable building codes.
2. The Village of Huntley will construct and maintain an additional public parking area
on the North side of the property, with a cross access between the Huntley American
Legion’s parking lot and the Village of Huntley property, which shall be provided
through a Cross Access Easement Agreement between the Huntley American Legion
Post 673 and the Village of Huntley.
3. Huntley American Legion Post 673 agrees to make improvements to the Legion
building, including exterior improvements and the installation of new landscaping.
Dated this _____ day of ________________, 2016.
SELLER:
BUYER:
HUNTLEY AMERICAN LEGION POST 673
THE VILLAGE OF HUNTLEY
__________________________________
By:
___________________________________
By:
E
ORDINANCE GRANTING AUTHORIZATION TO ENTER INTO A REAL ESTATE
SALES CONTRACT AND TO PURCHASE 11708 W. CORAL STREET,
EXECUTION OF AN ASSOCIATED LICENSE AGREEMENT,
AND TO AMEND THE FY2016 BUDGET
Ordinance (O)2016-09.xx
WHEREAS, the Village of Huntley, an Illinois municipal corporation, has made an offer
to purchase the property at 11708 W. Coral Street, Huntley, IL; and
WHEREAS, the property owner, Huntley American Legion Post 673, has agreed to sell
and to convey the property (PIN 18-28-380-008) for the purchase price of $150,000; and
WHEREAS, the Legion has requested to use a portion of the property for a beer garden
and horseshoe pits and a separate License Agreement providing for the terms and conditions of
said use is required to be executed in conjunction with the purchase agreement; and
WHEREAS, the Village of Huntley has determined that it is in the best interest to
purchase the property from the Legion, and enter into a License Agreement with the Legion.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF HUNTLEY as follows:
SECTION I: The Village Board of Trustees authorizes the Village President to enter into
and execute a Real Estate Sales Contract and to purchase the property located at 11708 W. Coral
Street, Huntley, IL (PIN 18-28-380-008) for the amount of $150,000.00.
SECTION II: The Village Board of Trustees authorizes the Village President to enter into
and execute a License Agreement with Huntley American Legion Post 673 to allow the use of a
portion of the subject property, as depicted in the attached exhibit, for a beer garden and
horseshoe pits subject to the terms and conditions of said agreement.
SECTION III: The Village Board of Trustees hereby approves an amendment to the
FY16 Budget transferring $160,000 from the FY2015 surplus to the Municipal Buildings Fund to
authorize the purchase expenditure.
SECTION IV: This Ordinance shall be in full force and effect from and after its passage
and approval as provided by law.
SECTION V: All Ordinances and parts of resolutions in conflict herewith are hereby
repealed.
Trustee Goldman
Trustee Hoeft
Trustee Kanakaris
Trustee Leopold
Trustee Piwko
Trustee Westberg
Aye
_____
_____
_____
_____
_____
_____
Nay
_____
_____
_____
_____
_____
_____
Absent
_____
_____
_____
_____
_____
_____
Abstain
_____
_____
_____
_____
_____
_____
PASSED and APPROVED this 22nd day of September, 2016.
APPROVED:
ATTEST :
___________________________
Village Clerk
__________________________________
Village President
September 22, 2016
Village Board Meeting
Agenda Item:
Fiscal Year 2017 Budget Calendar
Department:
Village Manager’s Office
Introduction
To commence the FY2017 budget process, Staff will present and review the proposed Budget
Calendar.
Staff Analysis
Pursuant to State Statutes, dates are included showing when all applicable notices are to be
published to conduct the levy and budget hearing.
The FY2017 Budget Calendar is included for review and consideration by the Village Board.
Financial Impact
Not applicable.
Legal Analysis
Not applicable.
Action Requested
Policy direction to proceed with the FY2017 budget calendar as proposed.
Exhibits
 Proposed FY2017 Budget Calendar and Process
September 22, 2016
Village Board Meeting
FISCAL YEAR 2017 BUDGET CALENDAR
September 16, 2016
Major Capital Projects / Purchases Worksheets due from
Department Heads
September 22, 2016
FY17 Budget Calendar and Process reviewed at Village Board
meeting
October 13, 2016
Personnel Data, Master Organizational Charts and Financial
Policies Review (one time transfer history, outstanding debt
balances, TIF information and debt per capita data)
October 27, 2016
Review of On-Going Services and Programs, Summary of
Funds, Major Capital Revenue Sources, and Preliminary Capital
Requests from Departments
October 24–28, 2016
Draft Budget compilation by Staff
Oct 31 – Nov 4, 2016
Staff Budget Review
November 7 - 10, 2016
Staff Budget Revision
November 10, 2016
Property Tax Levy Resolution (20 days before adoption)
November 14-17, 2016
Staff review and finalization of proposed budget
November 18, 2016
Distribute proposed budget to Mayor and Board of Trustees
December 1, 2016
Staff to Publish Property Tax Levy Hearing Notice (Must
appear no more than 14 days and no less than 7 days prior to
hearing); Staff to Publish Budget Hearing Notice
Nov 28 – Dec 2, 2016
Village Board Breakdown Sessions
December 6, 2016
Budget Workshop if necessary
December 8, 2016
Public Hearing – FY17 Proposed Budget
Public Hearing – 2016 Property Tax Levy
Additional Village Board Discussion
Village Board Consideration of FY17 Budget
Village Board Consideration of 2016 Tax Levy (levy finances
FY17 budget)
December 16, 2016
File Property Tax Levy with Both Counties