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R-99-07RESOLUTION NO. R -99 -07 A RESOLUTION AUTHORIZING THE PAYMENT OF PRELIMINARY COMPENSATION 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, by Ordinance No. 0- 98 -21, 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 -21, an action in eminent domain was filed to acquire a certain parcel of land described in Ordinance No. 0 -98 -21 and commonly known as 612 Waverly, Deerfield, Illinois ( Touhy Lumber Building); and WHEREAS, said eminent domain action is currently pending in the Circuit Court of Lake County, Illinois, as Village of Deerfield v. Touhy Lumber Company, et al., No 98 ED 22 (hereinafter "Litigation "); and WHEREAS, the Village of Deerfield has filed a Motion for Immediate Vesting of Title ( "Quick- Take "); and WHEREAS, the Defendant has agreed to the entry of an Order granting the Motion for Immediate Vesting of Title, the terms of that Order being 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 of the Order. NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD: SECTIO The terms and conditions of the Order granting the Motion for ONE: Immediate Vesting of Title in 98 ED 22, as set forth in Exhibit A, are hereby approved. The Village of Deerfield shall pay preliminary compensation for the taking of the property of $550,000. SECTIO N Special Counsel for the Village of Deerfield, Joseph T. Morrison, is TWO: hereby authorized and directed to obtain a final order in the Litigation vesting title in the Village of Deerfield. RESOLUTION NO. R -99- 0 7 A RESOLUTION AUTHORIZING THE PAYMENT OF PRELIMINARY COMPENSATION SECTION Special Counsel for the Village of Deerrfield, Joseph T. Morrison, is THREE: hereby authorized and directed to take such other actions as may be required in the Litigation to determine the final amount of just compensation and make further reports to the President and Board of Trustees as may be required. AYES: Harris, Heuberger, Ragona, Seiden, Swanson (5) NAYS: None (0 ) ABSENT: Rosenthal (1) PASSED this 7thday of May , A.D., 1999. APPROVED this 17t1day of May , A.D., 1999. Village President ATTEST: Villa e Clerk FROM : MORRISON & MORRISON, P.C. PHONE NO. : 8472446617 May. 14 1999 03:02PM P9 IN THE CIRCUIT COURT OF THE NINETEENTH JUDICIAL CIRCUIT, LAKE COUNTY, ILLINOIS VILLAGE OF DEERFIELD, a municipal } corporation, } } Plaintiff, ) vs. ) No. 98 ED 22 CHICAGO TITLE and TRUST COMPANY, ) a corporation of Illinois, AS TRUSTEE UNDER TRUST AGREEMENT DATED ' MARCH 17, 1967 AND KNOWN AS TRUST) NUMBER 50407; TOUHY LUMBER . V J COMPANY, INC, an Illinois corporation; an UNKNOWN OWNERS, ) 011 FA Defendants. ) AGREED ORDER THIS CAUSE coming on to be heard for hearing upon the Motion for Immediate. Vesting of Title filed by the Plaintiff, VILLAGE OF DEERFIELD, with Attorney Joseph T. Morrison appearing on behalf of the Plaintiff, VILLAGE OF DEERFIELD, Attorney William Ryan of Burke and Ryan appearing on behalf of CHICAGO TITLE AND TRUST, as Trustee under Trust Agreement dated March 17, 1967, and known as Trust No. 504507, and Attorney John Foran of Foran, Nasharr & O'Toole, appearing on behalf of Defendant TOUHY LUMBER, due notice . having been given to all Defendants, and the parties having stipulated as to an amount of preliminary just compensation, and the Court otherwise being otherwise fully advised, the Court hereby finds that 1. Defendants have withdrawn their traverse and motion to dismiss and have agreed to the entry of the order. FROM : MORRISON & MORRISON, P.C. PHONE NO. : 947244GE17 May. 14 1999 03:02PM P10 2. The Plaintiff has the authority to exercise the right of eminent domain, the property sought to be taken herein is subject to the exercise of such right, and such right is being properly exercised in this proceeding. .3. A reasonable necessity exists for the taking of the property described in the Complaint to Condemn filed by the Plaintiff, and in Plaintiff's Motion for Immediate Vesting of Title in the matter stated in said Motion 4. It is evident that the Defendant's property is required for the redevelopment project of the Plaintiff, and that a need exists to acquire title to that property of the Defendants in order to meet the schedule or plan of the Plaintiff, 5. Pursuant to. the stipulation of the parties, the preliminary just compensation for the taking of fee simple title of the real estate described in the Complaint to Condemn and in the Motion for Immediate Vesting of Title is a total of FIVE HUNDRED FIFTY THOUSAND DOLLARS ($550,000.00). Therefore, it is hereby ordered that: a. The preliminary just compensation for the taking of Defendant's property is deemed to be a total of FIVE HUNDRED FIFTY THOUSAND DOLLARS ($550,000.00). b. The Plaintiff shall within 60 days from the date of the entry of this Order deposit with the County Treasurer of Lake County,, Illinois, the preliminary just compensation in the amount of FIVE HUNDRED FIFTY THOUSAND DOLLARS ($550,000,00). c. After deposit of said amount, the Plaintiff shall be entitled, upon proper notice to all interested parties or their counsel of record, to an order vesting title with fee simple title to the real estate described in the Complaint to Condemn, and any and all existing rights of the Defendants shall be extinguished. d. Upon entry of the order vesting title, any and all existing rights of the Defendants in the real estate shall be extinguished, and the Plaintiff -2- FROM MORR18ON & MORRISON, P.C. PHONE NO. 84724468I7 May. 14 1999 03:03PM Pll 11ORPIGON- '-'. C si-zil be Ru!horiZed to lak6 DOSGen,'-lon of the prooertv descm)(3d In the Compl;;nt to ContGrrn on ,,No date specilfled in that crdg,- vesting title. 'hclt properly is described on the attached Exhibit A ENTERED this- 40 day of May, 1999. Order prepared by: Joseph T. Morrison, MORRISON & MORRISON, P.C. 32 N. West Street Wa ukegan. IL 60086. 1847-144-2660 Attomey No. 61$2078 -3- Judge Willia,r, Pyan, Attorney for Defamdent Y-An Foran, Attorney for Defendants