O-99-56ORDINANCE NO. 0 -99 -56
AN ORDINANCE AUTHORIZING
THE CONVEYANCE OF REAL ESTATE
WHEREAS, the Village of Deerfield is authorized to acquire real estate, including
the right to exercise eminent domain if necessary, for the purpose of acquiring real estate
for downtown redevelopment purposes pursuant to the provisions of 5/11 -61 -1 and 5/11-
74.4-4 of Chapter 65 of the 1996 Illinois Compiled Statutes; and
WHEREAS, the Village of Deerfield has acquired certain real estate and leasehold
interests within the southwest quadrant of the Village Center Project Area for the purposes
of downtown redevelopment; and
WHEREAS, the Village of Deerfield published a notice and formall requested
proposals requesting bids to develop a portion of the southwest quadrant of the Village of
Deerfield known as the "South Commons "; and
WHEREAS, the Village of Deerfield has selected a developer to develop the
southwest quadrant of the Village, and entered into a redevelopment agreement with South
Commons Venture, an Illinois general partnership, on January 4, 1999; and
WHEREAS, under the terms of this redevelopment agreement, the Village of
Deerfield is obligated to convey certain properties pursuant to that redevelopment
agreement.
NOW THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS,
AS FOLLOWS:
SECTION The Village of Deerfield shall convey fee simple title to South
ONE: Commons Venuture, an Illinois general partnership, pursuant
to the terms of a redevelopment agreement dated January 4,
1999 between the Village of Deerfield and South Commons
Venture.
SECTION Special Counsel for the Village of Deerfield, Joseph T.
TWO: Morrison, is hereby authorized and directed to take all steps
necessary to convey title to the properties described on Exhibit
A to South Commons Venture, an Illinois general partnership,
or its nominee.Special Counsel Joseph T. Morrison is also
authorized to execute such documents as may be required by
Chicago Title Insurance Company, to convey title in a form
acceptable to South Commons Venture and Chicago Title
Insurance Company.
AYES: Harris, Heuberger, Ragona, Rosenthal, Seiden, Swanson (6)
NAYS: None (0)
ABSENT: None (0)
PASSED this 20th day of December, 1999.
APPROVED this 20' day of December, 1999.
VILLAGE PRESIDENT
E'.. CLERK