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S-1298 - 11/09/2010 - SPECIAL SERVICE AREA - Ordinances Supporting DocumentsITEM 6.F.3) Of . . C. #�'fA **yam4 AGENDA ITEM Regular Board of Trustees Meeting of November 9, 2010 SUBJECT: Ordinance Proposing Establishment of SSA 41 for Irgens Development FROM: David Niemeyer, Village Manager BUDGET SOURCE/BUDGET IMPACT: N/A RECOMMENDATION: The Village Board approve Ordinance S -1298, an Ordinance Proposing the Establishment of Special Service Area #1 by the Village of Oak Brook for Constructing Sanitary Sewer and Highway Improvements, and Providing for a Public Hearing and Other Procedures in Connection therewith. Background/History: As you may remember, the Village Board approved a number of incentives for the Irgens Development proposed construction of an office building at York and Harger Road. One of them was creation of a Special Service Area (SSA) to pay for approximately $800,000 in public improvements to serve the development. This is being done because of the difficulties of getting bank financing for these improvements. The approval of this ordinance is the first step in creating this special service area. This ordinance proposes the establishment of the SSA and sets a public hearing for the SSA on December 14, 2010. It does not approve the SSA, that will happen after the public hearing. There is no cost or risk to the Village for this SSA. The SSA bond that will be issued will be repaid solely by a property tax levied only on the Irgens property. The Village will not be at risk if there is a default on the bond. The SSA will be fully explained at the public hearing. Recommendation: That the Village Board approve Ordinance S -1298. C/ Last saved by DEFAULT J:\Agenda1temMG-1rgens-SSA I1- 9- 10.doc ORDINANCE 2010 - SSA -S -1298 AN ORDINANCE PROPOSING THE ESTABLISHMENT OF SPECIAL SERVICE AREA NO. 1 BY THE VILLAGE OF OAK BROOK FOR CONSTRUCTING SANITARY SEWER AND HIGHWAY IMPROVEMENTS, AND PROVIDING FOR A PUBLIC HEARING AND OTHER PROCEDURES IN CONNECTION THEREWITH BE IT ORDAINED by the Village President and Board of Trustees of the Village of Oak Brook, DuPage County, Illinois, as follows: Section 1: Authority to Establish Special Service Areas. That the Village of Oak Brook (the "Village ") has authority pursuant to Article VII, Section 7 of the Illinois Constitution of 1970 to provide special services to contiguous areas within its corporate limits and within the corporate limits of other consenting municipalities; and to provide the manner of levying and imposing additional taxes to pay the cost of such special service in accordance with the provisions of the Special Service Area Tax Law, 35 ILCS 200/27 -5, et seq. Section 2: Findings. This Village President and Board of Trustees finds as follows: (a) that it is in the public interest that the creation of a special service area (the "SSA ") for the purposes set forth herein be considered; (b) that the SSA is compact and contiguous and is located wholly within the Village; (c) that the SSA will specially benefit from the new construction of a sanitary sewer system and highway improvements, which new construction is in addition to municipal services generally provided by the Village as a whole and it is, therefore, in the best interest of the SSA that the issuance of bonds in the SSA be considered; and (d) that the SSA will be known as Village of Oak Brook Special Service Area No. 1. Section 3: Public Hearing - Tax Rates - Bonds. That a public hearing, chaired by the Village Manager, shall be held at 6:30 p.m. on December 14, 2010 in the Samuel E. Dean Board Room, 1200 Oak Brook Road, Oak Brook, Illinois 60523 to consider the creation of the SSA, in the following described territory within the Village: PARCEL 1: THE SOUTH 65 FEET OF THE NORTH 130 FEET OF THE EAST 428.8 FEET OF LOT 1 IN HOEHNE'S ASSESSMENT PLAT OF PART OF THE SOUTHWEST QUARTER OF SECTION 24, TOWNSHIP 39 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN (EXCEPT THAT PART OF THE SOUTH 65 FEET OF THE NORTH 130 FEET OF THE EAST 428.8 FEET OF SAID LOT 1 WHICH LIES EASTERLY OF A STRAIGHT LINE DRAWN FROM A POINT IN THE NORTH LINE OF THE SOUTH 65 FEET OF THE NORTH 130 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, A DISTANCE OF 67.36 FEET WEST OF THE NORTHEAST CORNER THEREOF, TO A POINT IN THE SOUTH LINE OF THE SOUTH 65 FEET OF THE NORTH 130 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, A DISTANCE OF 64.72 FEET, MORE OR LESS, WEST OF THE SOUTHEAST CORNER THEREOF) AND (EXCEPT THAT PART OF THE SOUTH 65 FEET OF THE NORTH 130 FEET OF THE EAST 428.8 FEET OF SAID LOT 1 WHICH LIES WESTERLY OF A STRAIGHT LINE DRAWN FROM A POINT IN THE NORTH LINE OF THE SOUTH 65 FEET OF THE NORTH 130 FEET OF THE EAST 428.8 FEET OF SAID LOT I, A DISTANCE OF, 119.61 FEET EAST OF THE NORTHWEST CORNER Ordinance 2010- SSA -S -1298 Special Service Area #1- Sanitary Sewer, etc. Page 2 of 7 TO A POINT IN THE SOUTH LINE OF THE SOUTH 65 FEET OF THE NORTH 130 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, A DISTANCE OF 63.24 FEET, MORE OR LESS, EAST OF THE SOUTHWEST CORNER THEREOF) ACCORDING TO THE. PLAT THEREOF RECORDED MARCH 19, 1947 AS DOCUMENT NUMBER 517542 IN DU PAGE COUNTY, ILLINOIS. PARCEL 2: THE SOUTH 5 FEET OF THE NORTH 135 FEET OF THE EAST 428.8 FEET OF LOT 1 IN HOEHNE'S ASSESSMENT PLAT OF PART OF THE SOUTHWEST QUARTER OF SECTION 24, TOWNSHIP 39, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN (EXCEPT THAT PART THEREOF LYING WESTERLY OF THE FOLLOWING DESCRIBED LINE: BEGINNING AT A POINT ON THE NORTH LINE OF SAID SOUTHWEST QUARTER THAT IS 252.52 FEET WEST, AS MEASURED ALONG SAID NORTH LINE OF THE NORTHEAST CORNER OF SAID SOUTHWEST QUARTER AND IN THE ESTABLISHED SOUTHEASTERLY RIGHT OF WAY LINE OF FEDERAL AID ROUTE 131; THENCE SOUTHWESTERLY, ALONG SAID SOUTHEASTERLY RIGHT OF WAY LINE WHICH FORMS AN ANGLE OF 49 DEGREES 10 MINUTES 30 SECONDS (IN THE SOUTHWEST QUADRANT), 979.86 FEET TO A POINT IN THE EASTERLY LINE OF THE TORODE ESTATE AND THE TERMINATION POINT OF SAID LINE ALSO EXCEPT THAT PART THEREOF LYING EASTERLY OF THE FOLLOWING DESCRIBED LINE: BEGINNING AT A POINT ON THE NORTH LINE OF SAID SOUTHWEST QUARTER THAT IS 70 FEET WEST, AS MEASURED ALONG SAID NORTH LINE OF THE NORTHEAST CORNER OF SAID SOUTHWEST QUARTER; THENCE SOUTHERLY 295.82 FEET, MORE OR LESS, TO A POINT ON THE NORTH LINE OF THE SCHOOL LOT THAT IS 58 FEET WEST OF THE EAST LINE OF SAID SOUTHWEST QUARTER AND THE TERMINATION POINT OF SAID LINE) ACCORDING TO THE PLAT RECORDED MARCH 19, 1947 AS DOCUMENT NUMBER 517542, IN DU PAGE COUNTY, ILLINOIS. PARCEL 3: THAT PART OF LOT 1 TN HOEHNE'S ASSESSMENT PLAT OF PART OF THE SOUTHWEST 1/4 OF SECTION 24, TOWNSHIP 39 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED MARCH 19, 1947 AS DOCUMENT 517542, DESCRIBED BY COMMENCING AT THE NORTHEAST CORNER OF SAID LOT 1 AND RUNNING THENCE SOUTH ON SAID EAST LINE, 135.0 FEET; THENCE CONTINUING SOUTH ON SAID EAST LINE, 160.87 FEET TO THE NORTHEAST CORNER OF SCHOOL LOT; THENCE WEST ON THE NORTH LINE OF SCHOOL LOT, 58.0 FEET TO THE SOUTHWEST CORNER OF A TRACT OF LAND CONVEYED TO OAK PARK NATIONAL BANK BY DEED RECORDED AS DOCUMENT 782579 FOR A POINT OF BEGINNING; THENCE CONTINUING WEST ON SAID NORTH LINE OF SCHOOL LOT, 74.0 FEET TO THE NORTHWEST CORNER OF SAID SCHOOL LOT; THENCE SOUTH ON THE WEST LINE OF SAID SCHOOL LOT, 65.0 FEET TO THE NORTH LINE OF PROPERTY CONVEYED TO THE ILLINOIS STATE TOLL ROAD COMMISSION BY WARRANTY DEED RECORDED SEPTEMBER 26, 1957 AS DOCUMENT 857785; THENCE WESTERLY ON SAID NORTH LINE, 361.32 FEET TO ITS INTERSECTION WITH THE EAST LINE OF A SECOND TRACT OF LAND CONVEYED TO THE OAK PARK NATIONAL BANK BY SAID DEED RECORDED AS DOCUMENT 782579; THENCE NORTHEASTERLY ON SAID EAST LINE, 168.37 FEET TO THE POINT OF INTERSECTION OF SAID EAST LINE WITH THE SOUTH LINE OF THE NORTH 135.0 FEET OF SAID LOT 1; THENCE EASTERLY ON SAID SOUTH LINE OF THE NORTH 135.0 FEET, A DISTANCE OF 305.38 FEET TO THE NORTHWEST CORNER OF SAID FIRST TRACT OF LAND, SAID POINT BEING 64.5 FEET WEST OF THE EAST LINE OF SAID LOT 1; THENCE SOUTH ON THE WEST LINE OF SAID FIRST TRACT OF LAND, 160.86 FEET TO THE POINT OF BEGINNING, IN DU PAGE COUNTY, ILLINOIS. PARCEL 4: THAT PART OF THE SOUTHWEST 114 OF SECTION 24, TOWNSHIP 39 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED BY COMMENCING AT THE NORTHEAST CORNER OF LOT 1 OF HOEHNE'S ASSESSMENT PLAT OF SAID SOUTHWEST 1/4, ACCORDING TO THE PLAT THEREOF RECORDED MARCH 19, 1947 AS DOCUMENT 517542; RUNNING THENCE SOUTH ON THE EAST LINE OF SAID LOT 1, (BEING ALSO THE EAST LINE OF SAID QUARTER SECTION) 135.0 FEET; THENCE CONTINUING SOUTH ON SAID EAST LINE, Ordinance 2010 -SSA -S -1298 Special Service Area #1- Sanitary Sewer, etc. Page 3 of 7 160.87 FEET TO THE NORTHEAST CORNER OF SCHOOL LOT; THENCE WEST ON THE NORTH LINE OF SCHOOL LOT, 58.0 FEET TO THE SOUTHWEST CORNER OF A TRACT OF LAND CONVEYED TO THE OAK PARK NATIONAL BANK BY DEED RECORDED AS DOCUMENT 782579; THENCE CONTINUING WEST ON SAID NORTH LINE OF SAID SCHOOL LOT, 74.0 FEET TO THE NORTHWEST CORNER OF SAID SCHOOL LOT, FOR A POINT OF BEGINNING; RUNNING THENCE SOUTH ALONG THE WEST LINE OF SAID SCHOOL LOT, 65.0 FEET TO THE NORTH LINE OF PROPERTY CONVEYED TO THE ILLINOIS STATE TOLL ROAD COMMISSION BY WARRANTY DEED RECORDED SEPTEMBER 26, 1957 AS DOCUMENT 857785; THENCE SOUTHEASTERLY ALONG SAID NORTH LINE OF SAID TOLL COMMISSION PROPERTY, 66.14 FEET TO A POINT 94.95 FEET SOUTH OF THE NORTH LINE OF SAID SCHOOL LOT; THENCE NORTH 94.95 FEET TO SAID NORTH LINE OF SAID SCHOOL LOT; THENCE WEST ALONG THE NORTH LINE OF SAID SCHOOL LOT, 59.0 FEET TO THE POINT OF BEGINNING, IN DU PAGE COUNTY, ILLINOIS. PARCEL 5: THE NORTH 65 FEET OF THE EAST 428.8 FEET OF LOT 1 IN HOEHNE'S ASSESSMENT PLAT, OF PART OF THE SOUTHWEST 1/4 OF SECTION 24, TOWNSHIP 39 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, (EXCEPT THAT PART OF THE NORTH 65 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, WHICH LIES EASTERLY OF A STRAIGHT LINE DRAWN FROM A POINT IN THE NORTH LINE OF SAID LOT 1, 'A DISTANCE, 70.0 FEET WEST OF THE NORTHEAST CORNER THEREOF, TO A POINT IN THE SOUTH LINE OF THE NORTH 65 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, A DISTANCE, 67.36 FEET WEST OF THE SOUTHEAST CORNER THEREOF), AND (EXCEPT THAT PART OF THE NORTH 65 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, WHICH LIES WESTERLY OF A STRAIGHT LINE DRAWN FROM A POINT IN THE NORTH LINE OF SAID LOT 1, A DISTANCE, 175.98 FEET EAST OF THE NORTHWEST CORNER THEREOF, TO A POINT IN THE SOUTH LINE OF THE NORTH 65 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, A DISTANCE, 119.61 FEET EAST OF THE SOUTHWEST CORNER THEREOF), AND (EXCEPT THAT PART OF THE NORTH 65 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, LYING BETWEEN A LINE JOINING A POINT IN THE NORTH LINE OF SAID LOT 1, 70 FEET WEST OF THE NORTHEAST CORNER, WITH A POINT IN THE SOUTH LINE OF SAID NORTH 65 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, 67.36 FEET WEST OF THE SOUTHEAST CORNER THEREOF, AND A LINE PARALLEL TO, AND 15.00 FEET WEST OF THE AFORESAID LINE, AND ALL GRANTORS' INTEREST IN AND TO THAT PART OF YORK ROAD ABUTTING ON SAID PROPERTY), ACCORDING TO THE PLAT THEREOF RECORDED MARCH 19, 1947 AS DOCUMENT 517542, TN DU PAGE COUNTY, ILLINOIS. PARCEL 6: THAT PART OF THE NORTH 65 FEET OF THE EAST 428.8 FEET OF LOT 1 OF HOEHNE'S ASSESSMENT PLAT OF PART OF THE SOUTHWEST QUARTER OF SECTION 24, TOWNSHIP 39 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN DUPAGE COUNTY, ILLINOIS; LYING BETWEEN A LINE ADJOINING A POINT IN THE NORTH LINE OF SAID LOT 1, 70 FEET WEST OF THE NORTHEAST CORNER, WITH A POINT IN THE SOUTH LINE OF SAID NORTH 65 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, 67.36 FEET WEST OF THE SOUTHEAST CORNER THEREOF, AND A LINE PARALLEL TO, AND 15.00 FEET WEST OF THE AFORESAID LINE, AND ALL GRANTORS' INTEREST IN AND TO THAT PART OF YORK ROAD ABUTTING ON SAID PROPERTY; IN DUPAGE COUNTY, ILLINOIS. P.I.N. 06 -24- 303 - 002,06 -24- 303 -009 and 06 -24- 303 -011 At the hearing, there will be considered the issuance of bonds in an amount not to exceed $850,000 to be paid over not more than eleven (11) years and bearing interest at a rate not to exceed the greater of 9% per annum or 125% of the rate for the most recent date shown in the 20 G.O. Bond Index of the average municipal bond yields as published in the most recent edition of The Bond Buyer. Section 4: Notice of Hearing. Notice of hearing, in substantially the form attached hereto, shall be published at least once not less than fifteen (15) days prior to the public hearing in one or more Ordinance 2010 -SSA -S -1298 Special Service Area #1- Sanitary Sewer, etc. Page 4 of 7 newspapers in general circulation in the Village. In addition, notice by mailing shall be given by depositing said notice in the U. S. mails addressed to the person or persons in whose name the general taxes for the last preceding year were paid on each lot, block, tract or parcel of land lying within the proposed SSA. Said Notice shall be mailed not less than ten (10) days prior to the time set for the public hearing. In the event taxes for the last preceding year were not paid, the Notice shall be sent to the person last listed on the tax rolls prior to that year as the owner of the property. Section 5: If any section, paragraph, clause or provision of this ordinance shall be held invalid, the invalidity thereof shall not affect any of the other provisions of this ordinance. Section 6: All ordinances in conflict herewith are hereby repealed to the extent of such conflict. Section 7: This ordinance shall be in full force and effect from and after its passage, approval and publication as provided by law. APPROVED THIS 9th day of November, 2010. John W. Craig Village President PASSED THIS 9th day of November, 2010. ATTEST: Charlotte K. Pruss Village Clerk Ordinance 2010- SSA -S -1298 Special Service Area #1- Sanitary Sewer, etc. Page 5 of 7 NOTICE OF PUBLIC HEARING VILLAGE OF OAK BROOK SPECIAL SERVICE AREA NO. 7 Notice is hereby given that on December 14, 2010, at 6:30 p.m. in the Samuel E. Dean Board Room, 1200 Oak Brook Road, Oak Brook, Illinois 60523, a hearing will be held to consider the creation of the SSA, in the following described territory within the Village: PARCEL 1: THE SOUTH 65 FEET OF THE NORTH 130 FEET OF THE EAST 428.8 FEET OF LOT 1 IN HOEHNE'S ASSESSMENT PLAT OF PART OF THE SOUTHWEST QUARTER OF SECTION 24, TOWNSHIP 39 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN (EXCEPT THAT PART OF THE SOUTH 65 FEET OF THE NORTH 130 FEET OF THE EAST 428.8 FEET OF SAID LOT 1 WHICH LIES EASTERLY OF A STRAIGHT LINE DRAWN FROM A POINT IN THE NORTH LINE OF THE SOUTH 65 FEET OF THE NORTH 130 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, A DISTANCE OF 67.36 FEET WEST OF THE NORTHEAST CORNER THEREOF, TO A POINT IN THE SOUTH LINE OF THE SOUTH 65 FEET OF THE NORTH 130 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, A DISTANCE OF 64.72 FEET, MORE OR LESS, WEST OF THE SOUTHEAST CORNER THEREOF) AND (EXCEPT THAT PART OF THE SOUTH 65 FEET OF THE NORTH 130 FEET OF THE EAST 428.8 FEET OF SAID LOT 1 WHICH LIES WESTERLY OF A STRAIGHT LINE DRAWN FROM A POINT IN THE NORTH LINE OF THE SOUTH 65 FEET OF THE NORTH 130 FEET OF THE EAST 428.8 FEET OF SAID LOT I, A DISTANCE OF, 119.61 FEET EAST OF THE NORTHWEST CORNER TO A POINT IN THE SOUTH LINE OF THE SOUTH 65 FEET OF THE NORTH 130 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, A DISTANCE OF 63.24 FEET, MORE OR LESS, EAST OF THE SOUTHWEST CORNER THEREOF) ACCORDING TO THE. PLAT THEREOF RECORDED MARCH 19, 1947 AS DOCUMENT NUMBER 517542 IN DU PAGE COUNTY, ILLINOIS. PARCEL 2: THE SOUTH 5 FEET OF THE NORTH 135 FEET OF THE EAST 428.8 FEET OF LOT 1 IN HOEHNE'S ASSESSMENT PLAT OF PART OF THE SOUTHWEST QUARTER OF SECTION 24, TOWNSHIP 39, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN (EXCEPT THAT PART THEREOF LYING WESTERLY OF THE FOLLOWING DESCRIBED LINE: BEGINNING AT A POINT ON THE NORTH LINE OF SAID SOUTHWEST QUARTER THAT IS 252.52 FEET WEST, AS MEASURED ALONG SAID NORTH LINE OF THE NORTHEAST CORNER OF SAID SOUTHWEST QUARTER AND IN THE ESTABLISHED SOUTHEASTERLY RIGHT OF WAY LINE OF FEDERAL AID ROUTE 131; THENCE SOUTHWESTERLY, ALONG SAID SOUTHEASTERLY RIGHT OF WAY LINE WHICH FORMS AN ANGLE OF 49 DEGREES 10 MINUTES 30 SECONDS (IN THE SOUTHWEST QUADRANT), 979.86 FEET TO A POINT IN THE EASTERLY LINE OF THE TORODE ESTATE AND THE TERMINATION POINT OF SAID LINE ALSO EXCEPT THAT PART THEREOF LYING EASTERLY OF THE FOLLOWING DESCRIBED LINE: BEGINNING AT A POINT ON THE NORTH LINE OF SAID SOUTHWEST QUARTER THAT IS 70 FEET WEST, AS MEASURED ALONG SAID NORTH LINE OF THE NORTHEAST CORNER OF SAID SOUTHWEST QUARTER; THENCE SOUTHERLY 295.82 FEET, MORE OR LESS, TO A POINT ON THE NORTH LINE OF THE SCHOOL LOT THAT IS 58 FEET WEST OF THE EAST LINE OF SAID SOUTHWEST QUARTER AND THE TERMINATION POINT OF SAID LINE) ACCORDING TO THE PLAT RECORDED MARCH 19, 1947 AS DOCUMENT NUMBER 517542, IN DU PAGE COUNTY, ILLINOIS. PARCEL 3: THAT PART OF LOT 1 TN HOEHNE'S ASSESSMENT PLAT OF PART OF THE SOUTHWEST 1/4 OF SECTION 24, TOWNSHIP 39 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED MARCH 19, 1947 AS DOCUMENT 517542, DESCRIBED BY COMMENCING AT THE NORTHEAST CORNER OF SAID LOT Ordinance 2010 - SSA -S -1298 Special Service Area #1- Sanitary Sewer, etc. Page 6 of 7 1 AND RUNNING THENCE SOUTH ON SAID EAST LINE, 135.0 FEET; THENCE CONTINUING SOUTH ON SAID EAST LINE, 160.87 FEET TO THE NORTHEAST CORNER OF SCHOOL LOT; THENCE WEST ON THE NORTH LINE OF SCHOOL LOT, 58.0 FEET TO THE SOUTHWEST CORNER OF A TRACT OF LAND CONVEYED TO OAK PARK NATIONAL BANK BY DEED RECORDED AS DOCUMENT 782579 FOR A POINT OF BEGINNING; THENCE CONTINUING WEST ON SAID NORTH LINE OF SCHOOL LOT, 74.0 FEET TO THE NORTHWEST CORNER OF SAID SCHOOL LOT; THENCE SOUTH ON THE WEST LINE OF SAID SCHOOL LOT, 65.0 FEET TO THE NORTH LINE OF PROPERTY CONVEYED TO THE ILLINOIS STATE TOLL ROAD COMMISSION BY WARRANTY DEED RECORDED SEPTEMBER 26, 1957 AS DOCUMENT 857785; THENCE WESTERLY ON SAID NORTH LINE, 361.32 FEET TO ITS INTERSECTION WITH THE EAST LINE OF A SECOND TRACT OF LAND CONVEYED TO THE OAK PARK NATIONAL BANK BY SAID DEED RECORDED AS DOCUMENT 782579; THENCE NORTHEASTERLY ON SAID EAST LINE, 168.37 FEET TO THE POINT OF INTERSECTION OF SAID EAST LINE WITH THE SOUTH LINE OF THE NORTH 135.0 FEET OF SAID LOT 1; THENCE EASTERLY ON SAID SOUTH LINE OF THE NORTH 135.0 FEET, A DISTANCE OF 305.38 FEET TO THE NORTHWEST CORNER OF SAID FIRST TRACT OF LAND, SAID POINT BEING 64.5 FEET WEST OF THE EAST LINE OF SAID LOT 1; THENCE SOUTH ON THE WEST LINE OF SAID FIRST TRACT OF LAND, 160.86 FEET TO THE POINT OF BEGINNING, IN DU PAGE COUNTY, ILLINOIS. PARCEL 4: THAT PART OF THE SOUTHWEST 114 OF SECTION 24, TOWNSHIP 39 NORTH, RANGE 11 EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED BY COMMENCING AT THE NORTHEAST CORNER OF LOT 1 OF HOEHNE'S ASSESSMENT PLAT OF SAID SOUTHWEST 114, ACCORDING TO THE PLAT THEREOF RECORDED MARCH 19, 1947 AS DOCUMENT 517542; RUNNING THENCE SOUTH ON THE EAST LINE OF SAID LOT 1, (BEING ALSO THE EAST LINE OF SAID QUARTER SECTION) 135.0 FEET; THENCE CONTINUING SOUTH ON SAID EAST LINE, 160.87 FEET TO THE NORTHEAST CORNER OF SCHOOL LOT; THENCE WEST ON THE NORTH LINE OF SCHOOL LOT, 58.0 FEET TO THE SOUTHWEST CORNER OF A TRACT OF LAND CONVEYED TO THE OAK PARK NATIONAL BANK BY DEED RECORDED AS DOCUMENT 782579; THENCE CONTINUING WEST ON SAID NORTH LINE OF SAID SCHOOL LOT, 74.0 FEET TO THE NORTHWEST CORNER OF SAID SCHOOL LOT, FOR A POINT OF BEGINNING; RUNNING THENCE SOUTH ALONG THE WEST LINE OF SAID SCHOOL LOT, 65.0 FEET TO THE NORTH LINE OF PROPERTY CONVEYED TO THE ILLINOIS STATE TOLL ROAD COMMISSION BY WARRANTY DEED RECORDED SEPTEMBER 26, 1957 AS DOCUMENT 857785; THENCE SOUTHEASTERLY ALONG SAID NORTH LINE OF SAID TOLL COMMISSION PROPERTY, 66.14 FEET TO A POINT 94.95 FEET SOUTH OF THE NORTH LINE OF SAID SCHOOL LOT; THENCE NORTH 94.95 FEET TO SAID NORTH LINE OF SAID SCHOOL LOT; THENCE WEST ALONG THE NORTH LINE OF SAID SCHOOL LOT, 59.0 FEET TO THE POINT OF BEGINNING, IN DU PAGE COUNTY, ILLINOIS. PARCEL 5: THE NORTH 65 FEET OF THE EAST 428.8 FEET OF LOT 1 IN HOEHNE'S ASSESSMENT PLAT, OF PART OF THE SOUTHWEST 114 OF SECTION 24, TOWNSHIP 39 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, (EXCEPT THAT PART OF THE NORTH 65 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, WHICH LIES EASTERLY OF A STRAIGHT LINE DRAWN FROM A POINT IN THE NORTH LINE OF SAID LOT VA DISTANCE, 70.0 FEET WEST OF THE NORTHEAST CORNER THEREOF, TO A POINT IN THE SOUTH LINE OF THE NORTH 65 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, A DISTANCE, 67.36 FEET WEST OF THE SOUTHEAST CORNER THEREOF), AND (EXCEPT THAT PART OF THE NORTH 65 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, WHICH LIES WESTERLY OF A STRAIGHT LINE DRAWN FROM A POINT IN THE NORTH LINE OF SAID LOT 1, A DISTANCE, 175.98 FEET EAST OF THE NORTHWEST CORNER THEREOF, TO A POINT IN THE SOUTH LINE OF THE NORTH 65 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, A DISTANCE, 119.61 FEET EAST OF THE SOUTHWEST CORNER THEREOF), AND (EXCEPT THAT PART OF THE NORTH 65 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, LYING BETWEEN A LINE JOINING A POINT IN THE NORTH LINE OF SAID LOT 1, 70 FEET WEST OF THE NORTHEAST CORNER, WITH A POINT IN THE SOUTH LINE OF SAID NORTH 65 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, 67.36 FEET WEST OF THE SOUTHEAST CORNER THEREOF, AND A LINE PARALLEL TO, AND 15.00 FEET WEST OF THE AFORESAID LINE, AND ALL GRANTORS' INTEREST IN AND TO THAT PART OF YORK ROAD ABUTTING ON SAID Ordinance 2010 -SSA -S -1298 Special Service Area #1- Sanitary Sewer, etc. Page 7 of 7 PROPERTY), ACCORDING TO THE PLAT THEREOF RECORDED MARCH 19, 1947 AS DOCUMENT 517542, TN DU PAGE COUNTY, ILLINOIS. PARCEL 6: THAT PART OF THE NORTH 65 FEET OF THE EAST 428.8 FEET OF LOT 1 OF HOEHNE'S ASSESSMENT PLAT OF PART OF THE SOUTHWEST QUARTER OF SECTION 24, TOWNSHIP 39 NORTH, RANGE 11, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN DUPAGE COUNTY, ILLINOIS; LYING BETWEEN A LINE ADJOINING A POINT IN THE NORTH LINE OF SAID LOT 1, 70 FEET WEST OF THE NORTHEAST CORNER, WITH A POINT IN THE SOUTH LINE OF SAID NORTH 65 FEET OF THE EAST 428.8 FEET OF SAID LOT 1, 67.36 FEET WEST OF THE SOUTHEAST CORNER THEREOF, AND A LINE PARALLEL TO, AND 15.00 FEET WEST OF THE AFORESAID LINE, AND ALL GRANTORS' INTEREST IN AND TO THAT PART OF YORK ROAD ABUTTING ON SAID PROPERTY; IN DUPAGE COUNTY, ILLINOIS. P.I.N. 06 -24- 303 - 002,06 -24- 303 -009 and 06 -24- 303 -011 commonly described as an area located west of York Road, north and east of the 1 -88 & I -294 connector, and south of the north line of the southwest quarter of Section 24, Township 39 North, Range 11, East of the Third Principal Meridian, in DuPage County, Illinois. The special services to be provided will be the new construction of a sanitary sewer system and highway improvements. All interested persons affected will be given an opportunity to be heard and object to the formation of the special service area and the issuance of bonds. The issuance of bonds in an amount not to exceed $850,000 payable over not more than eleven (11) years and bearing interest at a rate not to exceed the greater of 9% per annum or 125% of the rate for the most recent date shown in the 20 G.O. Bond Index of the average municipal bond yields as published in the most recent edition of The Bond Buyer will also be considered at the public hearing. At the hearing, all persons affected will be given an opportunity to be heard. The hearing may be adjourned without further notice to another date without further notice other than a motion to be entered upon the minutes of its meeting fixing the time and place of its adjournment. If a petition signed by at least 51% of the electors residing within the proposed special service area and by at least 51% of the owners of record of the land included within the boundaries of the proposed special service area is filed with the Village Clerk within 60 days following the final adjournment of the public hearing objecting to the creation of the special service area or the issuance of bonds for the provision of special services to the special service area, no such special service area may be created or no such bonds may be issued. CERTIFICATE OF PUBLICATION Paddock Publications, Inc. P&Hatd Corporation organized and existing under and by virtue of the laws of the State of Illinois, DOES HEREBY CERTIFY that it is the publisher of the DAILY HERALD. That said DAILY HERALD is a secular newspaper and has been circulated daily in the Village(s) of Addison, Bensenville, Bloomingdale, Carol Stream, Glendale Heights Glen Ellyn Itasca, Keenevville, Lisle, Lombard, Medinah, Naperville, Oak Brook, Oakbrook Terrace, Roselle, Villa Park, Warrenville, West Chicago Wheaton, Winfield, Wood Dale County(ies) of DuPage and State of Illinois, continuously for more than one year prior to the date of the first publication of the notice hereinafter referred to and is of general circulation throughout said Village(s), County(ies) and State. I further certify that the DAILY HERALD is a newspaper as defined in "an Act to revise the law in relation to notices" as amended in 1992 Illinois Compiled Statutes, Chapter 7150, Act 5, Section 1 and 5. That a notice of which the annexed printed slip is a true copy, was published November 15, 2010 in said DAILY HERALD. IN WITNESS WHEREOF, the undersigned, the said PADDOCK PUBLICATIONS, Inc., has caused this certificate to be signed by, this authorized agent, at Arlington Heights, Illinois. PADDOCK PUBLICATIONS, INC. DAILY HERALD NEWSPAPERS BY Xuth&jized Agent Control # 4240754