===== PDF PAGE 39 ===== [Extraction: embedded PDF text] CITY OF WEST CHICAGO DEVELOPMENT COMMITTEE AGENDA ITEM SUMMARY ITEM TITLE: AGENDA ITEM NUMBER: ____7.C____ Release of Declaration of Deed Restriction COMMITTEE DATE: July 13, 2026 Lot 1 of North Industrial Park - 348 Charles Court PIN: 04-08-201-025 COUNCIL DATE: July 20, 2026 SFG West Chicago, LLC Resolution 26-R-0062 PREPARED BY: John Sterrett, Director of Community SIGNATURE _______________________ Development APPROVED BY: Viviana Ramirez, City Administrator 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: The request received a unanimous favorable recommendation. Attachments: Draft Resolution 26-R-0062 Release of Declaration of Deed Restriction