===== PDF PAGE 17 ===== CITY OF WEST CHICAGO DEVELOPMENT COMMITTEE AGENDA ITEM SUMMARY ITEM TITLE: Release of Declaration of Deed Restriction Lot 1 of North Industrial Park - 348 Charles Court PIN: 04-08-201-025 SFG West Chicago, LLC Resolution 26-R-0062 AGENDA ITEM NUMBER: ___________ COMMITTEE DATE: July 13, 2026 COUNCIL DATE: PREPARED BY: John Sterrett, Director of Community Development APPROVED BY: Viviana Ramirez, City Administrator SIGNATURE _______________________ SIGNATURE _______________________ ITEM SUMMARY: On December 23, 2010, a Declaration of Deed Restriction was recorded with DuPage County affecting Lot 1 of the North Industrial Park Subdivision, commonly known as 348 Charles Court, then owned by R.C. Coil Spring Manufacturing Company, Inc. The Deed Restriction was recorded to ensure that the grading of the property would be corrected to conform with the approved grading plans and Stormwater Management Plans for the North Industrial Park Subdivision. The Deed Restriction prohibited further development or resubdivision of the property until the grading deficiencies were resolved. The property was acquired by SFG West Chicago, LLC in 2022 and developed with a 260,000 square foot industrial building. As part of the development of this property, the required grading corrections were completed and the property now conforms with the approved Stormwater Management Plans. The conditions that gave rise to the Deed Restriction have been fully satisfied and the restriction may now be released. Per the terms of the Deed Restriction, cancellation requires a written instrument signed by both the property owner and the Mayor on behalf of the City Council, certifying that both parties have agreed to cancel the restriction. Staff is recommending the City Council authorization for the Mayor to execute the Release of Declaration of Deed Restriction on behalf of the City, to be recorded thereafter with the DuPage County Recorder. ACTION PROPOSED: Review and recommendation to authorize the Mayor to execute the Release of Declaration of Deed Restriction for Lot 1 of the North Industrial Park Subdivision, commonly known as 348 Charles Court, to be recorded with the DuPage County Recorder. COMMITTEE RECOMMENDATION: Attachments: Draft Resolution 26-R-0062 Release of Declaration of Deed Restriction ===== PDF PAGE 18 ===== Resolution 26-R-0062 Page 1 of 2 RESOLUTION NO. 26-R-0062 A RESOLUTION AUTHORIZING THE RELEASE OF A DECLARATION OF DEED RESTRICTION FOR LOT 1 OF THE NORTH INDUSTRIAL PARK SUBDIVISION BE IT RESOLVED by the City Council of the City of West Chicago, in regular session assembled as follows: Section 1. That the Release of Declaration of Deed Restriction prepared by Jones Day on behalf of the owner, SFG West Chicago, LLC, for Lot 1 of North Industrial Park, PIN 04-08- 201-025, attached hereto and incorporated herein as Exhibit "A", be and the same is hereby approved, and that the Mayor and all other necessary and appropriate officers of the City are authorized to execute said Release on behalf of the City of West Chicago. Section 2. That all resolutions, or parts thereof, in conflict with the provisions of this Resolution are, to the extent of such conflict, expressly repealed. Section 3. That this Resolution shall be in full force and effect from and after its adoption and approval as provided by law. ADOPTED this _____ day of ________________ 2026. AYES: __________ NAYES: __________ ABSTAIN: __________ ABSENT: __________ _______________________________ Daniel Bovey, Mayor ATTEST: _______________________________ Valeria Biggerstaff, Executive Office Manager ===== PDF PAGE 19 ===== Resolution 26-R-0062 Page 2 of 2 EXHIBIT “A” LEGAL DESCRIPTION LOT 1 IN NORTH INDUSTRIAL PARK, BEING A SUBDIVISION OF PART OF THE NORTHEAST QUARTER OF SECTION 8, TOWNSHIP 39 NORTH, RANGE 9 EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED SEPTEMBER 19, 2005 AS DOCUMENT R2005-206729 IN DUPAGE COUNTY, ILLINOIS. P.I.N. 04-08-201-025 ===== PDF PAGE 20 ===== RELEASE OF DECLARATION OF DEED RESTRICTION (DuPage County, Illinois) THIS RELEASE OF DECLARATION OF DEED RESTRICTION (this “Release”) is made and entered into as of this _____ day of _________________, 2026, by and between SFG WEST CHICAGO, LLC, a Delaware limited liability company, as successor-in-interest to R.C. COIL SPRING MANUFACTURING COMPANY, INC., an Illinois corporation (“Declarant”), and as the current owner of the Premises (as defined below) (“Owner”), and the CITY OF WEST CHICAGO, an Illinois municipal corporation, acting by and through its Mayor on behalf of the City Council of the City of West Chicago (in such capacity, “Releasor”). Owner and Releasor are sometimes referred to herein individually as a “Party” and collectively as the “Parties.” WITNESSETH That Owner and Releasor, for and in consideration of the sum of One Dollar ($1.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, do hereby mutually agree to release and relinquish that certain Declaration of Deed Restriction for Lot 1 in the North Industrial Park Subdivision, dated December 13, 2010 and recorded on December 23, 2010 as Document No. R2010-180851 in the real property records of DuPage County, Illinois (the “Declaration”), together with any and all covenants, conditions, restrictions and obligations contained therein, as they encumber that certain real property located in the City of West Chicago, County of DuPage, State of Illinois, as more particularly described on Exhibit A attached hereto and incorporated herein by reference (the “Premises”). [Remainder of Page Intentionally Left Blank] THIS DOCUMENT WAS PREPARED BY: Jones Day 1221 Peachtree Street, N.E., Suite 400 Atlanta, Georgia 30361 Attn: Richard Rosenblatt AFTER RECORDING, MAIL TO: Jones Day 1221 Peachtree Street, N.E., Suite 400 Atlanta, Georgia 30361 Attn: Richard Rosenblatt This space is for RECORDER’S USE ONLY ===== PDF PAGE 21 ===== WITNESS the due execution of this Release of Deed Restriction on the day and year first above written. OWNER: SFG WEST CHICAGO, LLC, a Delaware limited liability company By: _______________________________ Name: _____________________________ Title: ______________________________ ACKNOWLEDGEMENT STATE OF ) ) SS. COUNTY OF ) I, the undersigned, a Notary Public for said County and State, do hereby certify that _________________, personally known to me to be the _________________ of SFG WEST CHICAGO, LLC, a Delaware limited liability company, and personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that he/she/they signed and delivered said instrument pursuant to authority given him/her/them as the free and voluntary act and deed of said SFG WEST CHICAGO, LLC, a Delaware limited liability company, for the uses and purposes therein set forth. WITNESS my hand and notarial seal or stamp, this ____ day of ________________________, 2026. Notary Public My commission expires: [Signatures Continue on Following Page] ===== PDF PAGE 22 ===== RELEASOR: CITY OF WEST CHICAGO By: ________________________________ Name: Daniel Bovey Title: Mayor ATTEST: By: ________________________________ Name: Valeria Biggerstaff Title: Executive Office Manager ===== PDF PAGE 23 ===== ACKNOWLEDGEMENT STATE OF ILLINOIS ) ) SS. COUNTY OF DUPAGE ) I, the undersigned, a Notary Public for said County and State, do hereby certify that _________________, personally known to me to be a _________________ of the CITY OF WEST CHICAGO, and personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that he/she/they signed and delivered said instrument pursuant to authority given him/her/them as the free and voluntary act and deed of said CITY OF WEST CHICAGO, for the uses and purposes therein set forth. WITNESS my hand and notarial seal or stamp, this ____ day of _________________________, 2026. Notary Public My commission expires: ===== PDF PAGE 24 ===== EXHIBIT A LEGAL DESCRIPTION LOT t 1N ORm nmus I l-tlA p ARK. B G A s 'DIVlSION OF PART OF THE NORTiffiA.S I Q ARID R OF S!EC O 8. 'fOWNS ITP 391 ORTH RA GE 91 EAS ID OF TI-IE 11-IJRD PR CJPAL M RIDIA , ACOORDll!NG TO THE PLAT THER OF RECORDED . E IE • R. 19. 2005 AS DO · I R200.5 206729· 1N D P AG COUNTY. ILLJNOIS.