2005 018 Ordinance - Laserfiche WebLink

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r be prepared by the surveyor and agreed by the parties. The Village agrees to expedite the required Village reviews and approvals when the plat(s) are submitted for approval. The donations of properties required by this Section 3 and the purchases required by Section 4 will then be consummated promptly after the recording of the required plat(s), unless the parties agree otherwise. 4. PURCHASE OF UNDEVELOPED PROPERTY BY VILLAGE. The Village shall purchase at the cost of One Hundred and Seventy Eight Thousand Dollars ($178,000.00) per acre a portion of the undeveloped land lying within the Property, as substantially described and depicted in Exhibit C, attached and incorporated herein, (the "Village Land") aggregating +/- 13 acres. The Village further agrees to purchase in the future such other lands as will benefit the Development, and expand municipal park land. All land donated or sold by Progressive to the Village will be subject (by language to be agreed by the parties) to appropriate restrictions on the use of the transferred property for municipal recreation and park land purposes consistent with the Village's 1997 Master Plan. 5. CONSTRUCTION OF ROADWAY. As substantially depicted in Exhibit D attached hereto and incorporated herein, the Village shall construct a roadway across from Hickory Hill Drive on or before December 31, 2007, or by such other deadline as the parties may hereafter agree (hereinafter the "Roadway"). The Roadway will be constructed in a manner similar to North Commons Boulevard; unless the parties mutually agree otherwise during the design phase. The parties further agree to consult from time to time to address other necessary or appropriate infrastructure and transportation improvements for or in connection with the Development, including, without limitation, the possible widening of Wilson Mills Road and improved access to I-271. In the event the parties agree to the need for such other improvements, the Village shall complete such improvements, or shall cause such improvements to be completed, in accordance with the agreement of the parties. 6. TEMPORARY ACCESS. If so requested by Progressive, and continuing until the Village has completed construction of the Roadway, the Village will grant to Progressive and its agents and contractors the right to construct and use a temporary access road and locate temporary utility lines from S.O.M. Center Road to the Development site across Village-owned property at the location to be agreed upon by the Village and Progressive, provided that the property is left in substantially the same or better condition when construction is completed. " Upon Progressive's request, Page 3