title
PROPOSED PURCHASE OF REAL ESTATE
Department(s): Legal Department
Other Part(ies): Hermann M. Caly Family Trust; 780 Group, LLC, an Illinois Limited Liability Company; Geh Day Holding Company, LLC, an Illinois Limited Liability Company (Owners of Record)
Request: It is respectfully requested that this proposed purchase be approved.
Description of Real Estate: 20 Freeman Road & 18 N Freeman Road, South Barrington, Illinois
Section: N/A
Parcel(s): PINs: 01-25-401-004-0000 & 01-25-401-003-0000
PARCEL 1
That part of Lot 1 in Geh Day Farm, being a subdivision of the East half of the Southeast Quarter of Section 25, Township 42 North, Range 9 East of the Third Principal Meridian, described as follows: Beginning at the Southwest corner of the East Half of said Southeast Quarter, (also being the Southwest corner of said Lot 1); thence South 89 degrees 02 minutes 59 seconds East along the South line of the East Half of said Southeast Quarter, (and the South line of Lot 1), 440.0 feet; thence North 01 degree 14 minutes 18 seconds East, 220.55 feet to a point on the West line of a 20 foot easement by Document No. 3293858 recorded February 14, 1983 (legal described continues for next 26 courses along the West line of said easement); thence North 03 degrees 38 minutes 35 seconds West, 78.25 feet; thence North 11 degrees 34 minutes 43 seconds West, 100.72 feet; thence North 25 degrees 11 minutes 27 seconds West, 111.95 feet; thence North 09 degrees 56 minutes 09 seconds West, 103.20 feet; thence North 11 degrees 18 minutes 22 seconds West, 42.75 feet; thence North 09 degrees 54 minutes 18 seconds East, 63.62 feet; thence North 22 degrees 10 minutes 51 seconds East, 108.31 feet; thence North 25 degrees 07 minutes 25 seconds East, 108.70 feet; thence North 15 degrees 56 minutes 54 seconds East, 100., 93 feet; thence North 02 degrees 03 minutes 34 seconds West, 97.48 feet; thence North 14 degrees 47 minutes 53 seconds West, 102.01 feet; thence North 26 degrees 06 minutes 01 seconds West, 112.17 feet; thence North 20 degrees 55 minutes 10 seconds West, 109.02 feet; thence North 15 degrees 19 minutes 30 seconds West, 105.31 feet; thence North 10 degrees 29 minutes 08 seconds West, 103.14 feet; thence North 04 degrees 20 minutes 11 seconds West. 101.59 feet; thence North 01 degree 56 minutes 50 seconds East, 100.75 feet; thence North 04 degrees 14 minutes 12 seconds East, 100.81 feet; thence North 09 degrees 54 minutes 18 seconds East, 101.52 feet; thence North 08 degrees 46 minutes 52 seconds East, 101.23 feet; thence North 14 degrees 19 minutes 37 seconds East, 102.71 feet; thence North 09 degrees 54 minutes 18 seconds East, 100.54 feet; thence North 07 degrees 39 minutes 05 seconds East, 100.11 feet; thence North 04 degrees 14 minutes 12 seconds East, 58.90 feet; thence North 05 degrees 45 minutes 03 seconds West, 39.36 feet; thence North 06 degrees 35 minutes 44 seconds West, 138.25 feet to the North line of the East Half of said Southeast Quarter, (also being the North line of Lot 1 aforesaid), North 89 degrees 12 minutes 27 seconds West along said North line, 314.92 feet to the Northwest corner thereof; thence South 01 degrees 29 minutes 41 seconds West along the West line of the East Half of said southeast Quarter, (also being the West line of said Lot 1), 2635.71 feet to the point of beginning, containing 21.1150 acres, in the Village of South Barrington, in Cook County, Illinois.
PARCEL 2
Lot 1 and Lot 2 in Geh Day Farm, being a subdivision of the East Half of the Southeast Quarter of Section 25, Township 42 North, Range 9 East of the Third Principal Meridian, according to the plat thereof recorded July 26, 1978 as Document No. 24554445, (excepting therefrom that part of said Lot 1 described as follows: Commencing at the Northeast corner of said Lot 1, being the Northeast corner of East Half of Southeast Quarter of said Section 25; thence South 01 degrees 33 minutes 33 seconds West along the East line thereof, 1123.55 feet; thence North 88 degree 26 minutes 19 seconds West, 33.05 feet to the West line of Freeman Road for the point of beginning; thence continuing North 88 degree 26 minutes 19 seconds West, 94.22 feet; thence South 48 degree 51 minutes 11 seconds West, 98.57 feet; thence North 43 degrees 26 minutes 19 seconds West 225.35 feet; thence North 01 degree 33 minutes 33 seconds East and parallel with the East line of said Lot 1, 577.11 feet; thence South 88 degrees 26 minutes 27 seconds East, 326.0 feet to the West line of Freeman Road; thence South 01 degrees 33 minutes 33 seconds West along said West line, 669.61 feet to the point of beginning; And also excepting that part described as follows: Beginning at the Southwest corner of the East Half of said Southeast Quarter, (also being the Southwest corner of said Lot 1); thence South 89 degrees 02 minutes 59 seconds East along the South line of the East Half of said Southeast Quarter, (and the South line of Lot 1), 440.0 feet; thence North 01 degree 14 minutes 18 seconds East, 220.55 feet to a point on the West line of a 20’ easement by document no. 3293858 recorded February 14, 1983 (legal described continues for next 26 courses along the west line of said easement); thence North 03 degrees 38 minutes 35 seconds West, 78.25 feet; thence North 11 degrees 34 minutes 43 seconds West, 100.72 feet; thence North 25 degrees 11 minutes 27 seconds West, 111.95 feet; thence North 09 degrees 56 minutes 09 seconds West, 103.20 feet; thence North 11 degrees 18 minutes 22 seconds West, 42.75 feet; thence North 09 degrees 54 minutes 18 seconds East, 63.62 feet; thence North 22 degrees 10 minutes 51 seconds East, 108.31 feet; thence North 25 degrees 07 minutes 25 seconds East, 108.70 feet; thence North 15 degrees 56 minutes 54 seconds East, 100.93 feet; thence North 02 degrees 03 minutes 34 seconds West, 97.48 feet; thence North 14 degrees 47 minutes 53 seconds West, 102.01 feet; thence North 26 degrees 06 minutes 01 seconds West, 112.17 feet; thence North 20 degrees 55 minutes 10 seconds West, 109.02 feet; thence North 15 degrees 19 minutes 30 seconds West, 105.31 feet; thence North 10 degrees 29 minutes 08 seconds West, 103.14 feet; thence North 04 degrees 20 minutes 11 seconds West, 101.59 feet; thence North 01 degree 56 minutes 50 seconds East, 100.75 feet; thence North 04 degrees 14 minutes 12 seconds East, 100.81 feet; thence North 09 degrees 54 minutes 18 seconds East, 101.52 feet; thence North 08 degrees 46 minutes 52 seconds East, 101.23 feet; thence North 14 degrees 19 minutes 37 seconds East, 102.71 feet; thence North 09 degrees 54 minutes 18 seconds East, 100.54 feet; thence North 07 degrees 39 minutes 05 seconds East, 100.11 feet; thence North 04 degrees 14 minutes 12 seconds East, 58.90 feet; thence North 05 degrees 45 minutes 03 seconds West, 39.36 feet; thence North 06 degrees 35 minutes 44 seconds West, 138.25 feet to the North line of the East Half of said Southeast Quarter, (also being the North line of Lot 1 aforesaid), North 89 degrees 12 minutes 27 seconds West along said North line, 314.92 feet to the Northwest corner thereof; thence South 01 degrees 29 minutes 41 seconds West along the West line of the East Half of said southeast Quarter, (also being the West line of said Lot 1), 2635.71 feet to the point of beginning,), in Cook County, Illinois.
SAID PARCELS CONTAINING 3,249,876 SQUARE FEET, OR 74.60 ACRES, MORE OR LESS.
Fiscal Impact: $3,500,000.00 purchase price plus closing costs up to $10,000.00 (up to $3,510,000.00 in total).
Accounts: Real Estate and Land Acquisition Fund 51006.560010
District(s): 15
Summary: The Forest Preserves of Cook County (the “Forest Preserves”) has identified two (2) parcels of land for acquisition that would add to the Forest Preserves’ current holdings near Paul Douglas Preserve (the “Property”). The Property, commonly known as 20 Freeman Road & 18 N Freeman Road, South Barrington, Illinois, consists of approximately 74.60 ± acres. The Property will expand Forest Preserves holdings in the vicinity and will serve wildlife such as grassland birds, which need expansive areas to breed. It will also provide ecological services such as stormwater retention and carbon sequestration.
Through negotiations, the Owners of Record (the “Sellers”), have agreed to sell the Property to the Forest Preserves for the sum of THREE MILLION FIVE HUNDRED THOUSAND DOLLARS AND 00/100 ($3,500,000.00) plus closing costs up to $10,000.00 (up to $3,510,000.00 in total). The purchase price is based upon two (2) M.A.I. appraisals obtained by the Forest Preserves and is subject to the Forest Preserves’ satisfactory completion of its due diligence.
Permission is now sought, upon satisfactory completion of all due diligence and negotiation of any and all required documentation as determined by the Forest Preserves Legal Department, to effectuate payment in the amount of the purchase price plus closing costs as full compensation for the acquisition of the Property.
This land acquisition advances the goals of the Forest Preserves’ Next Century Conservation Plan and the Acquisition and Disposition of Land Position Paper.
end