Title
Joint resolution authorizing execution of a Recapture and Settlement Agreement between the County, the Village of Hawthorn Woods, Aqua Illinois, Inc., United Land Development, Amcore Investment Group, Parcel One Properties, Kemper Lake Golf Club, the Sanctuary Club, and Pirtano Construction Company.
Staff Summary
· The County owns and operates a water distribution system that serves approximately 224 properties within the Hawthorn Woods Glennshire Water System.
· Pirtano Construction constructed the water distribution main along Old McHenry Road that was designed to provide potable water to several properties along Old McHenry Road, one of which is the Glennshire System.
· A Recapture and Settlement Agreement was established by which the cost of construction of the Old McHenry Road distribution main would be apportioned among the properties and developments along and adjacent to Old McHenry Road which will or may in the future benefit from the water main.
· This resolution authorizes the execution of a Recapture and Settlement Agreement between the County, the Village of Hawthorn Woods, Aqua Illinois, Inc., United Land Development, Amcore Investment Group, Parcel One Properties, Kemper Lake Golf Club, the Sanctuary Club, and Pirtano Construction Company that establishes the terms and conditions upon which the recapture costs will be distributed by and among the Parties for the Old McHenry Road water distribution main.
Body
R E S O L U T I O N
WHEREAS, the County of Lake (County) owns and operates a water supply and distribution system that serves approximately two hundred twenty-four (224) properties within the Hawthorn Woods Glennshire Water System; and
WHEREAS, Pirtano Construction constructed a water distribution main along Old McHenry Road that was designed to provide potable water to several properties along and adjacent to Old McHenry Road; and
WHEREAS, the Hawthorn Woods Glennshire Water System was connected to the Old McHenry water distribution main constructed by Pirtano Construction; and
WHEREAS, other County owned distribution systems may be connected to the Old McHenry Road water distribution main in the future; and
WHEREAS, a Recapture and Settlement Agreement was established, by which the cost of construction of the Old McHenry Road water distribution main would be apportioned among the properties and developments along and adjacent to Old McHenry Road which will or may benefit from the construction of the water distribution main; and
WHEREAS, the County, the Village, Aqua Illinois, United Land Development, Amcore Investment Group, Parcel One Properties, Kemper Lakes Golf Club, the Sanctuary Club, and Pirtano Construction (collectively, "the Parties") desire to enter into an agreement to establish the terms and conditions upon which recapture costs will be distributed by and among the Parties for the Old McHenry Road water distribution main; and
WHEREAS, execution of a Recapture and Settlement Agreement must be authorized by Resolution of this County Board.
NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake County, Illinois, that the Chairman of the County Board and the Clerk of said County be and they are hereby authorized and directed to execute a Recapture and Settlement Agreement between the County, Village of Hawthorn Woods, Aqua Illinois, United Land Development, Amcore Investment Group, Parcel One Properties, Kemper Lakes Golf Club, the Sanctuary Club, and Pirtano Construction Company in substantially the attached form.
DATED at Waukegan, Lake County, Illinois, on this 11th day of January A.D., 2011.