HomeMy WebLinkAboutResolution #3392. _.
RESOLUTION NO. 3392.
A RESOLUTION APPROVING AN AGREEMENT BETWEEN THE CITY OF
CANTON AND TIM WELLS ON THE STONEGATE DRIVE SEWER AND
DIRECTING THE MAYOR TO EXECUTE AND DELIVER SAID AGREEMENT
ON BEHALF OF THE CITY OF CANTON, ILLINOIS.
WHEREAS, the City Council of the City of Canton, Illinois has reviewed the
terms of the agreement, a copy of which is attached hereto and made a part hereof as
Exhibit A; and,
WHEREAS, the City Council of the City of Canton, Illinois has determined that it
is in the best interest of the City of Canton to approve said Agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF CANTON, Fulton County, Illinois as follows:
1. That the Stonegate Drive Sewer Agreement ,which is attached hereto and
made a part hereof as Exhibit A, is hereby approved, said agreement to be subject to and
effective pursuant to the terms and conditions set forth therein.
2. That the Mayor of the City of Canton, Illinois is hereby authorized and directed
to execute and deliver said Agreement on behalf of the City of Canton.
3. That this Resolution shall be in full force and effect immediately upon its
passage by the City Council of the City of Canton, Fulton County, Illinois and approval by
the Mayor thereof.
PASSED by the City Council of the City of Canton, Fulton County, Illinois, at a
regular meeting this 19th day of August, 1997, upon a roll call vote as follows:
AYES: Alder~aen Hartford,
May, Shores.
NAYS: None ,
ABSENT: None,
Molleck, Phillips, Sarff, Meade, Nidiffer,
OVED:
~~
onald E. Edwards, Mayor
Attest:
~~
c . ~ ~`
Nan Whit ,City Clerk
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AGREEMENT
WHEREAS, the City of Canton is an Illinois Municipal Corporation; and,
WHEREAS, Tim Wells is a developer of Stonegate Drive in Canton; and,
WHEREAS, the City of Canton has previously installed a sewer line on Stonegate
Drive; and,
WHEREAS, the costs of said installation exceeded the initial estimate; and,
WHEREAS, the parties to this agreement have agreed to compromise said excess
costs;
NOW THEREFORE, the City of Canton and Tim Wells, for the considerations
stated herein, mutually agree as follows:
ARTICLE 1. Tim Wells has previously paid $13,575.00 to the City for
partial payment on installation of the sewer line on Stonegate Drive.
ARTICLE 2. Tim Wells agrees to pay to the City of Canton an additional
$2,000 to the City for a total amount of $15,575 for the sewer that the city installed on the
east end of Stonegate Drive.
ARTICLE 3. Both parties agree to an installment payment plan of
$500.00 to be paid at the time application is made, for the next four building permits
issued on the Stonegate Drive lots owned by Tim Wells, for a total payment of $2,000.00.
ARTICLE 4. After the fourth $500.00 installment payment, then Tim
Wells will have satisfied his obligation.
ARTICLE 5. In any case, $2,000.00 shall be remitted before August 19,
1999, by Tim Wells.
IN WITNESS WHEREOF, the parties hereto have caused this AGREEMENT to be
executed on the day and year first written above.
n,
Title
By:
Donald E. Edwards
Title: Mayor, City of Canton
By:
Nancy Whit s, City Clerk, City of Canton, Illinois