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PROPOSED PREVIOUSLY APPROVED ITEM AMENDMENT
Department: Legal Department
Request: It is respectfully requested that this proposed amendment be approved in order to reflect revised acquisition deal terms, including (1) decreasing the purchasing price from $3,500,000 to $3,250,000, and (2) decreasing number of acres to be acquired from approximately 74.60 to 53.
Item Number: 25-0126
Original Text of Item: 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: Part of 20 Freeman Road & 18 N Freeman Road, South Barrington, Illinois
Section: N/A
Parcel(s): PINs: Part of 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 ...
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