1977-04-18 - Resolution 1977-24 - Authorization to for idmissal of pendiing litigation Cook Count Court 74 L 19790 _
RESOLUTION No. 77 -.el/
A ReSOLUTION AUTHORIZING A STIPULATION TO DISMISS
and
SETTLEMENT AGREEMENT
WHEREAS, LaSalle National Bank, as Trustee, under Trust
Number 40652, dated March 20, 1973 and Dominion Development
Company, an Illinois Corporation (hereinafter referred to as
Plaintiffs) and The Village of Buffalo Grove, an Illinois
Municipal Corporation, et al. , (hereinafter referred to as
Defendants) have litigation pending between them in the Circuit
Court of Cook County, Illinois , County Department, Law Division,
known as Case Number 74 L 19790; and
WHEREAS, said case has been partially tried and all matters
are still pending; and
WHEREAS, the President and Board of Trustees of the Village
of Buffalo Grove believe it is in the best interest of the
Village to settle the litigation aforesaid;
NOW THEREFORE BE IT RESOLVED by the President and Board of
Trustees of the Village of Buffalo Grove, Cook and Lake Counties ,
Illinois :
SECTION 1. That the Village President and Village Clerk
are hereby authorized and directed to execute that certain
Stipulation and Order to settle and dismiss Case #74 L 19790
attached hereto and made a part hereof as Exhibit"A;' said
Exhibit "A" having Exhibits "1" through "4" attached thereto.
SECTION 2. That the Village attorney is hereby authorized
and directed to present said Stipulation and Order to the
Court and effect a dismissal of the pending litigation.
SECTION 3. That this Resolution shall be in full force and
effect from and after its passage and approval according
y _ ti
to law.
AYES : " / NAYS ABSENT d
PASSED THIS /Qt DAY OF , 1977
APPROVED THIS //t DAY OF , 1977
VILLAGE OF BUFFALO GROVE
By (404.-Cfrf"9:44
age resid
ATTEST:
2°//e."*-'
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Village Clerk
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