Receipt of which is hereby acknowledged español

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PDF documents are not translated. Resources Sitemap Accessibility Help Center. Compare to: - No Earlier Versions -. Peotone Overview. Peotone, IL Code of Ordinances. Share Download Bookmark Print. WHEREAS, the Village finds that the health, safety and general well-being of the community depends in part on the availability of competent emergency and fire services; and. WHEREAS, such contributions may be in land or in money and, when transferred or paid to the District, will inure to the benefit of the District and not entirely to the direct benefit of the Village; and.

WHEREAS, the Village recognizes that from time to time disputes may arise regarding the validity and amount of such contributions; and.

NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto do hereby agree as follows:. The District acknowledges that, except as otherwise provided in the Village's ordinances, the Village is not obligated to cause the payment of money or the transfer of land to the District. The District recognizes that the Village may, in its sole discretion, amend its ordinances to discontinue the requirement of payment of development contributions to the District.

The District retains the right to choose counsel to defend any action to which the foregoing indemnification applies. In the event that a final and nonappealable judicial determination is made by a court of competent jurisdiction that contributions of land or money received by the District are, in whole or in part, excessive, the District shall promptly repay said amount to the person who procures such a judgment, together with all other amounts judged by the court to be owing from the District.

The District hereby agrees that any cash contributions received pursuant to the terms of the Ordinance shall be spent solely for land or other improvements thereto. The District hereby agrees that in the event cash contributions are transferred to the District pursuant to the provisions of the Ordinance and such funds are used for purposes not authorized under said Ordinance and this Agreement, the District shall indemnify and hold harmless the Village from and against any and all loss, cost, expense, claim and cause of action of every kind, including attorneys' fees, incurred by the Village as a result of such cash contribution transfer.

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