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R-00-09RESOLUTION NO. R- 00 -09 RESOLUTION APPROVING FINAL JUDGMENT ORDER (JEWEL) 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 5/1 -61 -1 and 5/11- 74.4-4 of Chapter 65 of the 1996 Compiled Statutes; and WHEREAS, by Ordinance No. 0- 98 -29, 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 -29, an action in eminent domain was filed to acquire a certain parcel of land described in Ordinance No. 0 -98 -29 and commonly known as 748 Waukegan Road, Deerfield, Illinois (Jewel); and WHEREAS, said eminent domain action is currently pending in the Circuit Court of Lake County, Illinois, as Village of Deerfield v. American Stores Properties, Inc., No. 98 ED 19; and WHEREAS, the trial court determined the amount of preliminary just compensation to be $500,000.00, and the Village had deposited the amount of this preliminary just compensation with the County Treasurer and has been vested with the leasehold interest in this property; and WHEREAS, the President and Board of Trustees of the Village of Deerfield had previously authorized special counsel for the Village of Deerfield, Joseph T. Morrison, to take such other actions as may be required in the litigation to determine the final amount of just compensation; and WHEREAS, a jury trial was held to determine the final amount of just compensation, and the Village was represented by special counsel, Joseph T. Morrison, at trial, and the jury has determined the final amount of just compensation to be paid the owners for the taking of their leasehold interest to be $238,000.00, and a judgment order has been entered accordingly; and WHEREAS, the amount of final just compensation is within the range of evidence presented at the time of trial, and said amount was based upon the appraisal testimony presented at trial on behalf of the Village of Deerfield. NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF DEERFIELD, LAKE AND COOKCOUNTIES, ILLINOIS, AS FOLLOWS: -1- RESOLUTION NO. R -00 -09 SECTION The terms and conditions of the judgment order entered on ONE: May 24, 2000, nunc pro tunc to the date of the verdict of May 18, 2000, a copy of which is attached hereto as Exhibit A, are acceptable to and approved by the Village of Deerfield and the Village of Deerfield shall take no further steps to appeal from or otherwise contest the final amount of just compensation in this matter. SECTION Special counsel for the Village of Deerfield, Joseph T. TWO: Morrison, is hereby authorized and directed to obtain a refund of the amount of excess preliminary just compensation of $262,000.00, and is authorized to take any other further steps as may be necessary to finally conclude this matter. AYES: Heuberger, Ragona, Seiden, Swanson (4) NAYS: None (0 ) ABSENT: Rosenthal (1) RECUSED : Harris (1) PASSED this 5th day of June, 2000. APPROVED this 5th day of June, 2000. Vil be Clerk _ -2- 'Village President IN THE CIRCUIT COURT OF THE NINETEEN � ✓ JUDICIAL CIRCUIT, LAKE COUNTY, ILLINOIS VILLAGE OF DEERFIELD, a municipal corporation, Plaintiff, vs. No. 98 ED 19 AMERICAN STORES PROPERTIES, INC., JEWEL FOOD STORES, and UNKNOWN OWNERS, Defendants. JUDGMENT ORDER h�!4ty Z�l C .<. �r THIS CAUSE coming on to be heard for trial, and the Plaintiff appearing by Joseph T. Morrison, and the Defendants appearing by Eric Oesterle, and WHEREAS, a jury of 12 persons was selected, and after having heard the evidence and instructions of law, hereby returned a verdict as follows: "We the jury find the just compensation to be paid the Defendants, JEWEL FOOD STORES and AMERICAN STORES PROPERTIES, INC., forthe taking of their leasehold interest, to be $238,000.00." THEREFORE, on Motion of Plaintiff, it is hereby ordered that: The sum of $238,000.00 constitutes the full and final just compensation to be paid the Defendants for the taking of their leasehold interest, and judgment is hereby entered accordingly. 2. The preliminary just compensation was $500,000.00, and was withdrawn by the Defendants. 3. Therefore, it is further ordered that the Defendants shall pay to the Clerk of the Court the sum of $262,000.00 within 30 days. 4. If the Defendants fail to pay that amount within 30 days, then, on Motion of Plaintiff, judgment shall be entered in favor of the Plaintiff and against the Defendants in the amount of $262,000.00. EXHIBIT 5. The order vesting title is hereby confirmed in all respects. 6. The parties are ordered to withdraw and maintain their own trial exhibits. ENTERED this day of May, 2000. c kb j iv) "Z -o d CU Judge Terrence Brady Order prepared by: Joseph T. Morrison MORRISON & MORRISON, P.C. 32 N. West St. Waukegan, IL 60085 847 - 244 -2660 Attorney No. 6182078 -2-