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File #: 220281    Version: Name:
Type: Ordinance Status: Passed
File created: 9/6/2022 In control: Village Board of Trustees
On agenda: Final action: 11/17/2022
Title: D.R. Horton, Inc. Midwest (Summit at Yorktown) Economic Incentive Agreement - First Amendment Staff requesting approval an Ordinance authorizing the First Amendment to the Economic Incentive Agreement between the Village of Lombard and D.R. Horton. The amendment would change the requisite completion dates for Developer to closing on the subject property, submit a construction timeline and submit applications for permits, as set forth within Section V of the Agreement . (DISTRICT #3)
Attachments: 1. 220281_ D.R. Horton Inc Midwest Economic Incentive Request (Yorktown Commons Parcel 4 Summit at Yorktown, 2. BOARD MEETING 10-06-22 220281 D.R. Horton Inc Midwest Economic Incentive Request Yorktown commons Parcel 4, 3. BOARD MEETING 10-20-22 220281 DR Horton Inc Midwest Economic Incentive Agreement Yorktown Commons Parcel 4 Summit at Yorktown low res, 4. D.R. Horton Economic Incentive Redevelopment Agreement Unsigned.pdf, 5. Ordinance 8091 D.R Horton, Inc Midwest (Summit at Yorktown) Economic Incentive Agreement.pdf, 6. Cover 220281.pdf, 7. Cover Page 220281.pdf, 8. BOARD MEETING 11-17-22 220281 D.R. Horton Summit at Yorktown Economic Incentive Agreement First Amendment, 9. Ordinance 8100 D.R. Horton Inc Midwest Summit at Yorktown Economic Incentive Agreement - First Amendment.pdf, 10. D.R. Horton Inc Midwest Summit at Yorktown Economic Incentive Agreement - Unsigned.pdf, 11. D.R Horton Economic Incentive Agreement - First Amendment.pdf, 12. Cover Page 220281.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
11/17/20224 Village Board of Trustees waived of first reading and passed on second reading with suspension of the rulesPass Action details Meeting details Not available
10/20/20223 Village Board of Trustees waived of first reading and passed on second reading with suspension of the rulesPass Action details Meeting details Not available
9/12/20221 Economic & Community Development Committee Recommended to the Board of Trustees with condition(s)Pass Action details Meeting details Not available

Title

D.R. Horton, Inc. Midwest (Summit at Yorktown) Economic Incentive Agreement - First Amendment

Staff requesting approval an Ordinance authorizing the First Amendment to the Economic Incentive Agreement between the Village of Lombard and D.R. Horton.  The amendment would change the requisite completion dates for Developer to closing on the subject property, submit a construction timeline and submit applications for permits, as set forth within Section V of the Agreement .  (DISTRICT #3)

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