DEPARTMENT OF PLANNING AND DEVELOPMENT CITY OF CHICAGO
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1 DEPARTMENT OF PLANNING AND DEVELOPMENT CITY OF CHICAGO June 17, 2015 Lee Pratter Senior Project Manager Lofts 47 Phase I LP c/o The Community Builders 135 South LaSalle Street, Ste 3350 Chicago, IL RE: Certificate of Completion- Shops & Lofts at 47 Redevelopment Agreement Dear Ms. Pratter: Enclosed please find an executed Certificate of Completion regarding the Shops & Lofts at 47 Redevelopment Project. The Department of Planning and Development ("DPD") has reviewed documents pursuant to Section 7.01 ofthe executed Redevelopment Agreement dated February 1, 2013 between the City of Chicago and TCB Development Services, LLC and Lofts 4 7 Phase I Limited Partnership, LLC. DPD finds that the Residential Developers have ati sfactorily performed its covenants and agreements regarding the redevelopment of the real property located at approximately 747 E. 47th St, in Chicago, Illinois and further described in Exhibit Band E, hibit B-1 ofthe Redevelopment Agreement. This executed Certificate of Completion releases the Commercial Developer only from those covenants and agreements associated with the construction completion of the project. All other covenants, agreements, and representations associated with the Redevelopment Agreement are still in force. The City of Chicago appreciates the investment you have made and wish you much success in your future endeavors. If you have any questions regarding this matter, please contact Mark Sagun at (312) NORTH LASALLE STREET, ROOM 1000, CHICAGO, ILLINOIS 60602
2 CERTIFICATE OF COMPLETION RESIDENTIAL COMPONENT PURSUANT TO Section 7.01 of Shops & Lofts at 47 Redevelopment Agreement (the "Agreement") dated as of February 1, 2013, by and between the City of Chicago, an Illinois municipal corporation (the "City"), through its Department of Planning and Development ("DPD"), and TCB Development Services LLC and Lofts 47 Phase I Limited Partnership, LLC ("Residential Developers"); the City, by and through its Department of Planning and Development hereby certifies effective as ofthe June 17,2015, as follows: 1. Completion of the Project. The Residential Developers have fulfilled their obligation to complete the Project (as defined in the Agreement) located on the property legally described on Exhibit B and Exhibit B-1 hereto, in accordance with the terms of the Agreement. 2. Other provisions of the Agreement; no waiver. Except with respect to the terms of the Agreement specifically related to the Developer's obligation to complete the Project, which the City hereby certifies have been satisfied: (a) all executory terms and conditions of the Agreement and all representations and covenants contained therein remain in force and effect; and (b) the issuance of this certificate shall not be construed as a waiver by the City of any of its rights and remedies pursuant to such executory terms. IN WITNESS WHEREOF, the City has caused this Certificate of Completion to be executed. CITY OF CHICAGO
3 STATE OF ILLINOIS ) ) ss COUNTY OF COOK ) I, ~\ucu ~J\ e.u1bwa notary public in and for the said County, in the State aforesaid, DO HEREBY CERTIFY that James Horan, personally known to me to be a Deputy Commissioner in the Department of Planning and Development of the City of Chicago (the City), 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 signed, sealed, and delivered said instrument pursuant to the authority given to him by the City, as his free and voluntary act and as the free and voluntary act of the City, for the uses and purposes therein set forth. GIVEN under my hand and official seal this ~.. ~.. ~~~~~~.. -~ PAT~ICIA SULEWSKI -- OFFICIAL SEAL Notary public Slalo of lllfnola My Commlss!Qn E>:plro$ MPY 07, 2018 t l/~~~l; Notary Public My Commission Expires ~p
4 EXHIBIT A To Certificate of Component Completion dated effective June 17, 2015 Legal Description for the Project as defined in Shops & Lofts at 47 Redevelopment Agreement The legal description of the Project Site follows this Exhibit cover sheet.
5 EXHIBITB LEGAL DESCRIPTION OF THE PROPERTY (Subject to Final Title and Survey) LOTS 1 THROUGH 20, BOTH INCLUSIVE, LOTS 21 THROUGH 27, BOTH INCLUSIVE, AND LOTS 29, 30, 32, 33, and 43 THROUGH 47 IN SUBDIVISION OF LOTS 1 AND 2 OF STONE AND MC. GLASHAN'S SUBDIVISION OF THE NORTH HALF OF THE NORTH HALF OF THE NORTHEAST QUARTER OF SECTION 10, TOWNSHIP 38 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN (LYING EAST OF VINCENNES AVE.), IN COOK COUNTY, ILLINOIS. LOTS 1 THROUGH 4 IN GEORGE B. UPP'S SUBDIVISION OF LOTS 35, 36, 37 AND 38 IN THE SUBDIVISION OF LOTS 1 AND 2 IN STONE AND MCGLASHAN'S SUBDIVISION OF THE NORTH HALF OF THE NORTH HALF OF THE NORTHEAST QUARTER OF SECTION 10, TOWNSHIP 38 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDAIN (LYING EAST OF VINCENNES AVE.},IN COOK COUNTY, ILLINOIS. LOTS 1 THROUGH 5 IN GEORGE B. UPP'S SUBDIVISION OF SUBLOTS 39, 40,41 AND 42 IN THE SUBDIVISION OF LOTS 1 AND 2 IN STONE AND MCGLASHAN'S SUBDIVISION OF THE NORTH HALF OF THE NORTH HALF OF THE NORTHEAST QUARTER OF SECTION 10, TOWNSHIP 38 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDAIN (LYING EAST OF VINCENNES AVE.}, IN COOK COUNTY, ILLINOIS. PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO ,.Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO ; Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol. 253 PERMANENT INDEX NO , Vol
6 EXHIBIT B-1 CITY PROPERTY TO BE CONVEYED TO TCB, LLC LEGAL DESCRIPTION LOTS 1 THROUGH 12, 25, 26, 29, 30, 32, 33 43, 44, 45, 46, AND 4 7 IN SUBDIVISION OF LOTS 1 AND 2 OF STONE AND MCGLASHAN'S SUBDIVISION OF THE NORTH HALF OF THE 'NORTH HALF OF THE NORTHEAST QUARTER OF SECT_ION 10, TOWNSHIP 38 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN (LYING EAST OF VINCENNES AVE.), IN COOK COUNTY, ILLINOIS. LOTS 1 THROUGH 5 (BOTH INCLUSIVE) IN GEORGE B. UPP'S SUBDIVISION OF SUBLOTS 39, 40,41 AND 42IN THE SUBDIVISION OF LOTS 1 AND 2 (EXCEPT THE PART TAKEN FOR WIDENING COTTAGE GROVE A VENUE) IN STONE AND MCGLASHAN'S SUBDIVISION OF THE NORTH HALF OF THE NORTH HALF OF THE NORTHEAST QUARTER OF SECTION 10, TOWNSHIP 38 NORTH, RANGE 14, EAST OF THE THIRD PRINCIPAL MERIDIAN. LOTS 1, 3 AND 4IN GEORGE B. UPP'S SUBDIVISION OF SUBLOTS 35, 36, 37 AND 38 IN THE SUBDIVISION OF LOTS 1 AND 2 (EXCEPT THE PART TAKEN FOR WIDENING COTTAGE GROVE A VENUE) IN STONE AND MCGLASHAN'S SUBDIVISION OF THE NORTH HALF OF THE NORTH HALF OF THE NORTHEAST QUARTER OF SECTION 10, TOWNSHIP 38 NORTH, RANGE 14, EAST OF THE THIRD PRINCIPAL MERIDIAN. PINS:
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