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S-258 - 07/25/1972 - STREETS - Ordinances �7 L V > r CONvattGT►s l� ORDINANCE NO. S'-ZS� 14 AN ORDINANCE ACCEPTING A CONTRACT PROVIDING FOR THE CONSTRUCTION OF JORIE BOULEVARD WITHIN THE VILLAGE OF OAK BROOK, ILLINOIS Whereas , the Corporate Authorities of the Village of Oak Brook and the Oak Brook Development Company , as owners of the underlying realty, have deemed it in the best interest of all concerned that provision be made for the extension and instal - lation of Jorie Boulevard between 22nd Street and Oak Brook Road (31st Street) , and Whereas the portion lying southerly of Corporate Plaza Unit Two Subdivision and northerly of Village Green Subdivision has not been platted , nor dedicated for roadway purposes , and Whereas , the Corporate Authorities of the Village of Oak Brook has the authority to require and construct said improve- ments , and Whereas , the Oak Brook Development Company in their letter of July 14th , 1972 to the President and Board of Trustees of the Village of Oak Brook has offered to participate in the cost and expense of the improvements within Jorie Boulevard , and Whereas , said offer requires acceptance by adoption by the Village of an ordinance accepting the offer and obligating the Village of Oak Brook to certain requirements , and Whereas , upon acceptance of said offer the Oak Brook De- velopment Company will be obligated to perform the conditions set forth in its offer ; NOW , THEREFORE , BE IT ORDAINED by the President and Board of Trustees of the Village of Oak Brook as follows : Section 1 . The offer of the Oak Brook Development Company to voluntarily participate in the construction of Jorie Boulevard between the southerly boundary of Corporate Plaza Unit Two Sub- division to the northerly boundary of Village Green Subdivision in the manner herein listed is hereby accepted . Section 2 . The terms for the Oak Brook Development Company ' s participation include : A. Dedicate for public roadway purposes a right- of-way 100 feet wide as a continuation South- ward from the terminus of the right-of-way of Jorie Blvd . at the Southerly line of the Cor- porate Plaza Unit Two Subdivision to connect with the terminus of the right-of-way of Jorie Blvd . at the Northerly line of Village Green Subdivision . B . Pay to and promptly reimburse the Village of Oak Brook the sum of $300 ,000 . 00 in install - ments from time to time equal to those expendi - tures made by the Village of Oak Brook in pay- ment for charges arising from the construction of a paved roadway , bridge and other improve- ments which the Village shall cause to be installed within the right-of-way to be dedi - cated by Oak Brook Development Company pursuant to Section 2 , A, of their ordinance. -2- C. Oak Brook Development Company ' s construction , at the expense of a paved roadway and other improvements required by ordinances of the Village of Oak Brook , within the Jorie Blvd . right-of-way as shown on the plat of Corporate Plaza Subdivision Unit One , the plat of Cor- porate Plaza Subdivision Unit Two and the plat of Village Green Subdivision . The completion of construction by Oak Brook Development Company of this paved roadway and other improvements shall be scheduled and accomplished within a period of time no greater than that period of time within which the completion of construc- tion by the Village of Oak Brook of the paved roadway, bridge and other improvements in the Jorie Blvd . right-of-way Southward from the South line of the Corporate Plaza Unit Two Subdivision to the North line of Village Green Subdivision in schedule and accomplished . Section 3 . In reliance of the offer of the Oak Brook Devel - opment Company , the Village of Oak Brook hereby agrees to engineer and complete the paved roadway, bridge and other improvements with- in Jorie Boulevard between Corporate Plaza Unit Two Subdivision and Village Green Subdivision in accordance with the standards estab- lished by the ordinances of the Village of Oak Brook. PASSED and APPROVED by the President and Board of Trustees of the Villaqe of ak Brook, DuPage County , Illinois , this .?J-jr , day of 1972 . Approved : President T : ep y Village Clerk AYES : 'J NAYS : ABSENT: 0