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<br /> precedent of any duty of the CITY as elsewhere provided herein to reimburse R.E.I.D. for
<br /> the costs of the construction of the Roads.
<br /> 4. At the completion of the construction of the Roads, and after acceptance thereof
<br /> by the Department of Engineering and Infrastructure, R.E.I.D. shall dedicate the approved
<br /> right-of-way, as shown in the plans and drawings, and the Roads constructed therein,
<br /> including all utilities, to the CITY in fee simple by warranty deed; provided that, if only
<br /> some construction work shown in the approved plans and drawings regarding the
<br /> intersection of the first Road with U.S. Route 36, including but not limited to signalization,
<br /> is not completed at the proposed time of dedication due to lack of approval, or late
<br /> approval, by the Illinois Department of Transportation, the CITY may accept some portions
<br /> of the Roads at that time, and the remaining work shall be completed as soon as
<br /> practicable by R.E.I.D. and the remainder of said Roads dedicated at that time.
<br /> 5. Upon dedication of the Roads, the CITY shall reimburse R.E.I.D. for the cost
<br /> thereof. R.E.I.D. shall submit to the CITY itemized invoices evidencing all costs incurred,
<br /> as required by the Department of Engineering and Infrastructure, and said reimbursement
<br /> shall be made by the CITY within sixty (60) days of such submittal. "Cost", for the
<br /> purposes of this section, shall mean the approved cost of the construction of the Roads,
<br /> as well as any approved amendments thereto, and all reasonable engineering fees
<br /> incurred in the preparation of traffic studies and plans and drawings. If, at the time of
<br /> dedication of the Roads, work remains to be done as provided in section 4 hereof, the cost
<br /> thereof shall be reimbursed at the completion thereof and upon dedication of said
<br /> remaining portions of the Roads.
<br /> 6. R.E.I.D. agrees to cooperate with the CITY in order that the street commonly
<br /> known as Vero Street, from Wyckles Road to the Holiday Inn property, is annexed into,
<br /> and dedicated to, the CITY. If, after acceptance thereof, the Director of Infrastructure and
<br /> Engineering decides that said Vero Street needs repair and/or resurfacing, R.E.I.D. shall
<br /> perform same, and the CITY shall reimburse R.E.I.D. therefor, as per the provisions of
<br /> sections 1 through 5 hereof and such that the total cost thereof, when added to the cost of
<br /> the Roads, will not exceed the cost limitation provided in section 2.
<br /> 7. For the first five (5) full calendar years after the dedication of the Roads, R.E.I.D.
<br /> shall maintain the landscaping of the median strip, and the CITY shall reimburse R.E.I.D.
<br /> for the cost thereof; provided that, R.E.I.D. and the CITY must agree annually, prior to
<br /> December 31 of the preceding calendar year, on said cost. The CITY agrees that a cost
<br /> of not to exceed Thirty Thousand Dollars ($30,000.00) per year is reasonable and
<br /> acceptable. R.E.I.D. shall be reimbursed for maintenance costs within thirty (30) days
<br /> after submission of an invoice. In the event that no such agreement can be reached for a
<br /> given year, the CITY shall maintain said median as part of its duties with respect to all
<br /> public streets of the CITY, and this AGREEMENT shall create no greater duty.
<br /> 8. R.E.I.D. agrees that, prior to the issuance of any building permits for the
<br /> Premises, an application for a Planned Unit Development ("PUD"), pursuant to Section
<br /> XXI (C) of the Zoning Ordinance, shall be submitted to the CITY. Such PUD, as submitted
<br /> by R.E.I.D., shall, at a minimum, contain the following:
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