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R-98-17?. RESOLUTION NO. R -98- 17 A RESOLUTION AUTHORIZING THE SETTLEMENT OF LITIGATION AND PURCHASE OF REAL ESTATE WITHIN THE SOUTHWEST QUADRANT OF THE VILLAGE CENTER PROJECT AREA 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 the Chapter 65 of the 1996 Illinois Compiled Statutes; and WHEREAS, by Ordinance No. 0- 98 -07, the Village of Deerfield authorized the acquisition of certain real estate within the southwest quadrant of the Village Center Project Area for the purposes of downtown redevelopment; and WHEREAS, pursuant to Ordinance No. 0- 98 -07, an action in eminent domain was filed to acquire a certain parcel of land described in Ordinance No. 0 -98 -07 and commonly known as 768 Osterman Avenue, Deerfield, Illinois (One Osterman Plaza); and WHEREAS, said eminent domain action is currently pending in the Circuit Court of Lake County, Illinois, as Village of Deerfield v. Galvani, et al., No. 98 ED 11 (hereinafter "Litigation "); and WHEREAS, all matters at issue in the Litigation have been resolved between the parties thereon upon the terms and conditions more specifically set forth in Exhibit A attached hereto and made a part hereof, and the corporate authorities of the Village of Deerfield desire to approve said terms and conditions. NOW THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, AS FOLLOWS: SECTION The terms and conditions of the settlement of the Litigation ONE: known as 98 ED 11, as set forth in the Settlement Stipulation attached hereto as Exhibit A, are hereby approved and Special Counsel for the Village of Deerfield, Joseph T. Morrison, is authorized to execute this Settlement Stipulation on behalf of the Village of Deerfield. The Village of Deerfield shall acquire the real estate described in the litigation for $1,650,000.00, according to the terms of the Settlement Stipulation. SECTION Special Counsel for the Village of Deerfield, Joseph T. TWO: Morrison, is hereby authorized and directed to obtain a final judgment order in the Litigation consistent with the terms and conditions set forth on Exhibit A attached hereto. SECTION Village Manager and Special Counsel for the Village of THREE: Deerfield, Joseph T. Morrison, are hereby authorized and directed to take such other actions as may be required to fully effectuate the terms and conditions of the settlement of the Litigation as set forth on Exhibit A attached hereto to assure proper title be vested in the Village of Deerfield. AYES: Heuberger, Rosenthal, Seidman, Swanson, Swartz (5) NAYS: None (0 ) ABSENT: Ehlers (1) PASSED this 6' day of July, A.D., 1998. APPROVED this 61 day of July, A.D., 1998. VILLAGE PRESIDENT , p� -...� ,h-- ov" j "C'Z. W Z I&LAGE CLERK 4M IN THE CIRCUIT COURT OF THE NINETEENTH JUDICIAL CIRCUIT, LAKE COUNTY, ILLINOIS VILLAGE OF DEERFIELD, a municipal corporation, Plaintiff, vs. No. 98 ED 11 THE GALVANI FAMILY LIMITED PARTNERSHIP; THEODORE J. GALVANI; MARY ANN GALVANI; FIRST MIDWEST BANK, N.A.; et al., Defendants. SETTLEMENT STIPULATION NOW COMES the VILLAGE OF DEERFIELD, a municipal corporation, by and through its attorneys, MORRISON & MORRISON, P.C., and the Defendants, THE GALVANI FAMILY LIMITED PARTNERSHIP; THEODORE J. GALVANI; MARY ANN GALVANI (hereinafter the GALVANI Defendants) by their attorneys, Burke and Ryan; and Defendant DESIGNER KITCHENS & BATHS, INC., by their attorneys, Margaret Calk Sauser, and hereby state and agree that the total just compensation to be paid for the taking of the property described in the Complaint for Condemnation shall be ONE MILLION SIX HUNDRED FIFTY THOUSAND AND NO /100 DOLLARS ($1,650,000.00). No costs or interest shall be allowed or added thereto, all costs and interests having been waived, and the Parties waive view of the premises, waive trial by jury, and consent to the entry of a Judgment Order in accordance with this Stipulation. Furthermore, as part of this Stipulation, the Parties have agreed as follows: -1- EXHIBIT A 1. The just compensation shall be deposited by the Plaintiff with the Treasurer of Lake County, Illinois, within 30 days after the entry of judgment order. 2. The Plaintiff will default Defendants FIRST MIDWEST BANK, N.A., QUE THAN ROAN, individually and d /b /a NEW CHINA CHOP SUEY, PHUONG HOANG, individually and d/b /a NEW CHINA CHOP SUEY, DOMINIC SIDARI, individually and d /b /a DOMINIC'S BARER SHOP, JUNG K. SUH, individually and d /b /a OSTERMAN DRY CLEANERS, IL FORNO GROUP, INC., INDECOR GROUP, INC., individually and d /b /a J.C. LICHT COMPANY and AZGOCO, LTD. for failure to appear after being duly served with summons. 3. The Plaintiff will default "UNKNOWN OWNERS" for failure to appear after due notice by publication. 4. GALVANI Defendants represent and agree that all leases and leasehold interests have been terminated pursuant to the provisions of the lease between GALVANI Defendants and Lessees. Notwithstanding this termination, the following tenants shall be allowed to remain in possession of a portion of the property pursuant to an agreement with the Plaintiff: DESIGNER KITCHENS & BATHS 5. Upon the deposit of just compensation, Plaintiff will be vested with fee simple title to the real estate, and will be entitled to exclusive possession of the property described in the Complaint to Condemn, except as hereinafter set forth. 6. GALVANI Defendants and DESIGNER KITCHENS & BATHS, INC. represent and agree that any fees for work done on or at the property described in the Complaint to Condemn have been paid, and DESIGNER KITCHENS & BATHS, INC. have taken no -2- action, or will take no actions, which might result in a possible mechanic's lien or other liens being asserted against the property. 7. DESIGNER KITCHENS & BATHS will be allowed to remain in possession of that portion of the building which it currently occupies, subject to the following: a. DESIGNER KITCHENS & BATHS shall be allowed to remain in possession of the property until the earlier to occur of (a) the date on which DESIGNER KITCHENS & BATHS vacates the subject property; or (b) January 31, 1999. b. DESIGNER KITCHENS & BATHS acknowledges that it has knowledge of the subject property and agrees to continue its occupancy in full knowledge of its current condition. DESIGNER KITCHENS & BATHS understands and agrees that it is accepting the condition of the real estate in an "as is" condition. C. DESIGNER KITCHENS & BATHS shall have no right to lease or sublease any portion of the real estate during its period of possession. DESIGNER KITCHENS & BATHS shall only have the right to use the real estate to conduct its current business and for no other use. d. DESIGNER KITCHENS & BATHS understands and agrees that the Plaintiff will not be required to make any type of repairs whatsoever to the subject property during its period of possession. DESIGNER KITCHENS & BATHS understands and agrees the Plaintiff will not be making any repairs to the interior or exterior of the building. Therefore, DESIGNER KITCHENS & BATHS understands and agrees that any repairs which may be required in order for it to continue to operate its business in the real estate will be the sole and separate responsibility of DESIGNER KITCHENS & BATHS. e. DESIGNER KITCHENS & BATHS shall maintain complete insurance for liability concerning their use of the premises, and for any of the personal property of the DESIGNER KITCHENS & BATHS in a form acceptable to the Plaintiff. DESIGNER KITCHENS & BATHS shall have provided proof of such insurance prior the withdrawal of just compensation. f. The Plaintiff or its designated officers, agents, employees or contractors shall have the right to enter upon and into the building located on the subject property, after 24 hours prior notice to -3- DESIGNER KITCHENS & BATHS , and at reasonable times, to conduct surveys, soil tests or borings, environmental studies, or other similar tests or investigations. g. DESIGNER KITCHENS & BATHS agrees to notify the Plaintiff as to the date it intends, to vacate and surrender possession of the real estate, and it agrees that the real estate will be left secure, reasonably free of trash and debris, and in a reasonably clean condition on the date of vacation of possession. Any and all property remaining in the property after the date that DESIGNER KITCHENS & BATHS vacates possession will become the sole and exclusive property of the Plaintiff. h. DESIGNER KITCHENS & BATHS has agreed to assume sole and entire responsibility for any and all loss of life, injury to persons or damage to property that may be sustained directly or indirectly due to the condition of the subject property, or the activities, operations or use of the subject property by DESIGNER KITCHENS & BATHS, its employees, successors, invitees, assigns and agents. Furthermore, DESIGNER KITCHENS & BATHS, on behalf of itself and its employees, successors, assigns and agents, and for those claiming by, through or under any of them, hereby release the Plaintiff, its officers, elected officials, employees and agents from any and all claims and demands for loss, liability, expense, cost or damage, whether to person or property, including without limitation, reasonable attorney's fees and litigation costs which may be incurred in connection herewith, that may arise from the operations on, occupation of, or use of the subject property by DESIGNER KITCHENS & BATHS, their successors, employees, invitees, and agents. DESIGNER KITCHENS & BATHS hereby agrees to indemnify, defend and hold harmless the Plaintiff from any and all liability, loss, claim, demand, lien, or other cost or expense, including without limitation, reasonable attorney's fees and litigation costs, incurred by the Plaintiff for injuries to person (including, without limitation, loss of life) and for damage, destruction, or theft of property which is directly or indirectly due to any activity, work or thing done, or the possession of the real estate by DESIGNER KITCHENS & BATHS in and about the subject property. DESIGNER KITCHENS & BATHS shall consult the Plaintiff in defense of any such claim, including without limitation to, the employment, at the sole expense of DESIGNER KITCHENS & BATHS, of legal counsel satisfactory to the Plaintiff. i. DESIGNER KITCHENS & BATHS shall be responsible for any and all charges, costs and expenses incurred by DESIGNER KITCHENS & -4- BATHS, in connection with its use of the subject property, including but not limited to gas, electric, water, sewer, garbage collection, and all other fees and costs associated with the occupancy and use of the subject property. DESIGNER KITCHENS & BATHS agrees that any and all costs and expenses which are incurred by the Sellers which are associated with the occupancy and residence of the subject property, shall be paid in full at the time of the vacation of the premises. DESIGNER KITCHENS & BATHS understands that the Plaintiff may incur substantial costs and damages in the event that possession of the subject property is not vacated and tendered to the Plaintiff by January 31, 1999, or if DESIGNER KITCHENS & BATHS breaches any provisions contained in this Settlement Agreement. Therefore, the Trial Court will retain jurisdiction to enforce the terms of this Settlement Stipulation, and DESIGNER KITCHENS & BATHS agrees that if such legal action is taken by the Plaintiff to enforce the terms of this Settlement Stipulation, then the Plaintiff will be entitled to be paid all reasonable costs and attorney's fees associated with enforcing the terms of this Settlement Stipulation. k. DESIGNER KITCHENS & BATHS, INC. understands that the terms of this agreement may be assigned by the VILLAGE OF DEERFIELD and consents to that assignment. DESIGNER KITCHENS & BATHS, INC. shall pay tohe VILLAGE OF DEERFIELD or its assigns a reasonable rental in the amount of TWO THOUSAND FIVE HUNDRED DOLLARS ($2,500.00) for each month of possession. The first payment will be due seven days after the date of deposit, and the following each monthly payments will be made on the same day of each successive month. Joseph T. Morrison William Ryan Attorney for VILLAGE OF DEERFIELD Attorney for Certain Owners Margaret Calk Sauser Attorney for Certain Owners -5- Prepared By: MORRISON & MORRISON, P.C. 32 N. West Street Waukegan, IL 60085 847 - 244 -2660 Attorney No. 6182078 0 DESIGNER KITCHENS & BATHS