A. Each deed or other instrument conveying land to the Village, library district, fire protection district or school district shall be accompanied by:
1. A written commitment issued by a title insurer licensed to do business in the state to insure the grantee's title to such real estate in an amount equal to the value computed pursuant to section 9-6-6 of this chapter, with extended coverage over the general exceptions to title and subject only to:
a. Real estate taxes not yet due and payable;
b. Covenants, conditions and restrictions which do not prohibit the use of the subject property for library, school or park and recreational use;
c. Utility easements located within twenty feet (20') of the boundary lines of the subject real estate (except where approved on the final engineering plans approved by the Village Engineer);
d. Drainage ditches, feeders and laterals;
e. Underground pipe or other conduit; and
f. Acts done or suffered by or judgments against the grantees.
2. A current ALTA boundary line survey, certified to the grantee by a licensed Illinois land surveyor to be in compliance with the American land survey standards, showing no encroachments; and
3. Except in instances where the real estate to be conveyed is a lot in a recorded subdivision, an assessment plat and tax division petition in a form acceptable to the appropriate Village authorities so the land to be conveyed can be assigned its own permanent real estate index number (PIN) for exemption purposes.
B. In addition, monuments must be established and the land staked immediately prior to dedication of the property. The subdivider or developer shall pay for the cost of the owner's title insurance in said amount, the ALTA survey, the assessment plat and any and all costs in connection with the tax division. (Ord. 915, 2-13-2003)