Village of East Dundee Regular Meeting Agenda Packet December 2024
East Dundee Plans 20-Year Annexation Pact with Plote Trust
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Description
The Village of East Dundee and Chicago Title Land Trust Company are set to enter a 20-year annexation agreement for the 180-acre Plote Property, pending Board approval in January 2025. The contract includes approval of current and potential future uses, public utility easements, and economic incentive provisions.
Contract Details
Vendor
CHICAGO TITLE LAND TRUST COMPANY
Agency
East Dundee village (pt.), IL
Contract Type
OTHER
Document Date
December 16, 2024
Contract Term
Twenty (20) years from execution date
Renewal Info
Initial term is 20 years from date of execution; successor owners are bound by covenants; litigation suspends term counting.
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