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� ; Hook: 3847 Page : 2�5 <br /> 1. STATUTORY AUTHORITY. The parties hereto enter into this <br /> Agreement pursuant to and in accordance with the applicable provisions of the <br /> Illinois Municipal Code (65 ILCS 5/11-15.1 et seq.) and the codes and ordinances <br /> of the City. <br /> 2. ANNEXATION. (a) Primrose has filed with the City Clerk a Petition <br /> for Annexation of the Subject Property to the City conditioned upon the terms and <br /> provisions of this Agreement, which Petition has been prepared, executed and , <br /> filed in accordance with the Illinois Municipal Code (65 ILCS 5/7-1-1 et seq.) and I <br /> the requirements of the City. A copy of said Petition is attached hereto as Exhibit ' <br /> B and made a part hereof. Primrose has paid all fees and deposits required for <br /> such annexation. <br /> (b) Primrose has also filed with the City Exhibit C which consists of the <br /> Planned Development Documentation for the Subject Property. <br /> (c) The City hereby agrees to annex the Subject Property to the <br /> corporate limits of the City in accordance with the applicable provisions of the <br /> Illinois Municipal Code (65 ILCS 5/7-1-1 et seq.) and the terms and conditions <br /> hereof. <br /> 3. ZONING. The Subject Property shall be zoned "PD", in <br /> accordance with the provisions of the City's Zoning Ordinance (Ordinance No. <br /> 3512, as amended) currently in effect. <br /> 4. PLANNED DEVELOPMENT. The Planned Development <br /> Documents for the Subject Property, attached hereto as Exhibit C, are hereby <br /> approved as a Planned Development pursuant to the City's Zoning Ordinance, <br /> with the variations therefrom as set out herein. <br /> 5. VARIATIONS. The Planned Development Documents set forth any <br /> variations herein. <br /> (a) The parties further agree that Primrose shall dedicate the thirty (30) <br /> foot strip, set forth on the Planned Development Documents, adjacent to Arbor <br /> Drive to the City. <br /> (b) The parties further agree that at the request of the City, Primrose <br /> shall dedicate a seventy (70) foot strip as set forth in its Planned Development <br /> Documents along the entire east side of the Subject Property for the possibility of <br /> the future extension of Oakland Avenue. The City shall be solely responsible for <br /> any and all costs to extend Oakland Avenue. The City agrees that Primrose may <br /> construct a driveway within that seventy (7) foot strip which will provide access <br /> from their entrance off of Arbor Drive to the back of their main building and to the <br /> Townhomes cul de sac street as per the Planned Development Documents. The <br /> City further agrees that full and complete access to the Subject Property will not <br /> 2 <br />