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HomeMy WebLinkAboutResolutions - R-78-15 - 05/10/1978 - deposit for MC-126 No. R-78-15 RESOLUTION WHEREAS, Residential Development Group has requested that it be allowed to deposit a sum of money less than that required by Section 28-3 of the Municipal Code, City of McHenry, Illinois, in connection with the proposed annexation of certain territory to the City; and WHEREAS, good cause has been shown to reduce the amount of such initial deposit; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF McHENRY, McHENRY COUNTY, ILLINOIS AS FOLLOWS: SECTION 1. That pursuant to the authority contained in Section 28-10 of the Municipal Code, and upon good cause shown, the initial deposit requirements of Section 28-3 aforesaid be and the same are hereby partially waived as to the pending Residential Development Group annexation proceedings and in lieu of the requirement thereof, Residential Development Group be and it is hereby authorized to deposit the initial sum of $15,000. SECTION 2. This resolution shall be in full force and effect immediately upon its passage and approval. PASSED this 10th day of May, 1978. AYES: Bolaer. Nolan. Harker. Datz. Adams. Schooley_ Rogers NAYS: None. ABSENT: Smith APPROVED this 10th day of May, 1978. 10A64;74V ATTEST: CLERK