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HomeMy WebLinkAboutRes 08-63 04/02/1963 5/l~/2/63 Rl~SOLurrION NO. 2..:-~.3 A RESOLtrl'ION A UTHCRIZING 'liBE VILLAGE PRESIDENT AND CLERK TO SIGN AN A GRBEI-iI EN '1' VVHEHEBY THE VILLAGE OF M OmJlI' .PHuS.t'EC'l' AGREES TO PUHCEASE THE PROPERTIES OF rr1m COOK COLTlrey 'v'vATER AND SEl/vEE COMPANY NOW, rr'~lEEEFOHL, 3E I 'Ii liliSOLVED by the Pres ident and Board of Trustees of the Village of IvIount Prospect, Cook County, Illinois: Section 1. 'I~at the Village of Mount Prospect does hereby agree to enter into a contract for the purchase of the properties of the Cook County 'Hater and Sewer Company and does hereby authorize its Village President and Village Clerk to sign a contract of purchase to purchase same, a copy of which contract to purchase is attached hereto and made a part hereof as if fully set forth. Section 2. ':Chat this resolution shall be in full force and effect from and after its ~assage and approval according to law. PASSED this _;L__ day of April, 1963. APPEOVED this ~/ day of April, 1963. .. ! A f\. "t<< D., fLY.. .O-f';}- (;t:J-r 1.>, ~ "'"l If "'. ./;.."l.. LJlA~~;' .,f A- '''~'''''_, .....,,:po" President Attest: J;:::"'." j (i J l . ) I /0 1~....../.-.L~""4_~ AJ ,i /~....r\"J Village Clerk PURCHASE AGREEMENT THIS AGREEMENl', made and entered into this 2..., day of April, 1963, by and between the Cook County Water Corporation, an Illinois public utility corporation (herein- after called Company), and the Village of Mount Prospect, an Illinois municipal corporation located in the County of Cook and State of Illinois (hereinafter called Village); W 1. T N E ~ ~ E T H: l~REAS, the Company presently owns and operates a water and sewer system in areas which are commonly known as Hatlen Heights, Hatlen Heights Estates and Colonial Heights, which areas are either presently in or proximate to the Village of Mount Prospect, and WHEREAS, the Village has heretofore indicated its intention to purchase the water and sewer properties of the Company, and WHEREAS, the Company has indicated its desire to sell its water and sewer properties to the Village, and WHEREAS, all parties have engaged in negotiations for the acquisition of said water and sewer system by the Village and have arrived at a satisfactory agreement as to price and terms of said acquisition, which are fully reflected and incorporated herein, and WHEREAS, in order to finance the acquisition of said water and sewer system it is the intention of the Village to issue certain revenue bonds pursuant to the provisions of the Illinois Municipal Code, NOW, THEREFORE, for and in consideration of the mutual covenants hereinafter contained, the parties hereto agree as follows: 1. Aqreement to Purchase and Sell. The Village agrees to purchase the said water and sewer system from the Company upon the terms and conditions hereinafter set forth and the Company, upon these terms and conditions, agrees to sell the said water and sewer system to the Village. 2. Description of Water and Sewer System. The water and sewer system to be purchased by the Village and sold by the Company shall consist of all of the properties, real, personal and mixed, which comprise or form a part of the water and sewer system owned and operated by the Company as of date hereof, together with all additions and improvements made and contracted for after date hereof and prior to the Closing Date (including any WJrk in Progress as of the Closing Date) and including but not limited to all items of property referred to in the report of Greeley and Hansen made to the Village in June, 1962, and inventory of moveable personal property attached hereto as Exhibit A, save and except, how- ever, cash on hand or in banks, evidencesof indebtedness or other securities, accounts receivable, prepaid insurance and all income and revenue from said water and sewer system through the Closing Date and any and all other personal property or assets which are not specifically part of the physical plant of the water and sewer system. Without limiting the generality of the foregoing, such water and sewer system shall include: -2- . (a) All real estate owned by the Company as legally described in Exhibit B attached hereto, together with all buildings, structures and improvements thereon~ (b) The right, title and interest of the Company in and to any and all easements occupied or used by the Company in connection with the operation of its water and/or sewer business~ (c) All wells, reservoirs, tanks, standpipes, treat- ment plants, sewage disposal facilities, mains, sewers, conduits, pipes, laterals, gathering lines, installed meters, service connections, valves, fire hydrants, pumps, machinery, equipment, tools, chlorinating equipment, chemicals, and any and all property and appurtenances which are attached to and used in connection with the operation of the water and sewer system~ (d) All rights, privileges, franchises, permits, grants, consents, licenses, right-of-way grants, and other property rights not hereinbefore specifically mentioned, and all renewals, extensions, enlarge- ments and modifications thereof, and any and all customers' lists, meter books, maps, surveys, title reports, charts;, plans, consumers' records, trucks, meters (installed and in stock), and other things of value belonging to or comprising part or any part of the water and sewer system or used and useful in connection therewith not specifically excepted therefrom. -3- 3. Colonial Heiqhts Water and Sewer Contract. The Company shall assign any and all interest which it has in a contract between itself and Colonial Heights, Inc~, dated February 24, 1961, to the Village: a copy of which contract is marked Exhibit C, attached hereto and made a part hereof. The Company shall also obtain written consent from said Colonial Heights, Inc. to the assignment of said contract to the Village. It being understood, however, that the Village by accepting said assignment does not assume any obligation in this regard to either the Company or Colonial Heights, Inc. for the per- formance of any obligations of the Company under said contract, except to provide water and to make available a connection with the sewer system without tap-on charges, provided Colonial Heights, Inc. donates and installs such mains and meters as may be required by the Village. The Village does agree, how- ever, to integrate at some time in the near future the water system presently owned by the Company with its water system, thereby making unnecessary a storage tank called for in the contract noted above. The document of consent to the assignment re- quired of Colonial Heights, Inc. shall recite that it agrees to the provisions contained in this paragraph 3. 4. Closinq Date and Time and Place of Closinq. The purchase and sale herein provided for shall be consummated and closed not later than July 1, 1963, and in the event that there is no closing by that date, this agreement shall, at the option of the Company, become null and void. The closing shall be at such time and place as the Village may designate by notification -4- in writing addressed to the Company at least fifteen (15) days before the designated date of closing unless a different date or a different time or place is agreed to in writing by the Village and the Company. The time and date designated for consummating and closing the sale (or the most recently agreed upon date, if any) is herein called the "Closing Date." 5. Purchase Price. The purchase price to be paid by the Village to the Company for the water and sewer system as described in paragraph 2 and the several subparagraphs thereof shall be the sum of FOUR HUNDRED NINE THOUSAND FIVE HUNDRED ($409,500.00) DOLLARS, which said amount shall be paid in cash or by cashier's or certified check payable to the Company on the Closing Date. 6. Risk of Loss. If, prior to the Closing Date, any material part of the water and sewer system shall be destroyedl or substantially adversely affected by fire, flood, explosion or other cause, the Village may, at its election, terminate this Purchase Agreement without any claim of either party hereto against the other in respect hereof. If, having such election, the Village shall not terminate this Purchase Agreement prior to the Closing Date, or if, prior to the Closing Date, there shall occur any damage to or destruction of any part of the water and sewer system not of such a nature as to entitle the Village to terminate this Purchase Agreement, the Village shall accept the water and sewer system in its damaged condition and the Company shall assign to the Village all proceeds of any insurance covering such damage or destruction; -5- and to the extent and by the amount that any such damage or destruction shall not be fully covered by insurance proceeds (replacement cost new less insurance payment), the purchase price to be paid by the Village shall be reduced accordingly, provided however that if the uncompensated cost to the Company by virtue of the foregoing exceeds TEN THOUSAND ($10,000.00) DOLLARS, the Company shall have the option to terminate this contract without penalty. 7. Insurance policies. The Company agrees to con- tinue insurance presently in force up to and including closing date, at which time it shall cancel same: whereupon the Village shall maintain its own insurance. 8. Taxes. The Company shall prorate and pay all taxes applicable to the water and sewer system or the operation thereof of any nature whatsoever through the Closing Date. Current real estate taxes relating to the water and sewer system not due or payable on or before the Closing Date shall be pro- rated from January 1 of the year subsequent to the last year for which such taxes have been billed through the Closing Date, and the Company agrees to pay to the Village by check on the Closing Date its pro rata share of such taxes. Such proxation shall be computed on the basis of the most recently available taxes; provided, however, that at such time as the taxes for the year or years included in such prorations become available, either party agrees to remit to the other the difference, if any, between the amount so paid by the Company on the Closing Date and the amount that would have been paid by the Company had such taxes been computed on the basis of the actual taxes levied for such year or years. -6- 9. Electric Power Bills and Other Unbilled Expenses. Unless it shall be feasible to cause the utility involved to make a meter reading as of the Closing Date and bill the Company to the date of such meter reading, all electric bills which have not been billed to the Company on the Closing Date and when received constitute an expense to the water and sewer system shall be prorated between the Village and the Company so that the Company shall pay that portion of the first bills received after the Closing Date as the number af days from the last meter reading or bill through the Closing Date bears to the total number of days for which said bills are rendered, and the Village shall pay the remainder of such bills. The Village upon receipt of such utility bills, shall notify the Company of the amount due from the Company for its portion of said bills and the Company shall promptly remit such amount to the Village. 10. Billed and Unbilled Accounts. Amounts due the Company for sewer charges and water services billed and un- billed to the Closing Date shall be provided for as follows: (a) All accounts receivable of the Company for unpaid water bills and sewer charges rendered prior to the Closing Date shall remain the property of the Company. The Company shall furnish the Village with a list of all unpaid accounts, and the Village shall use reasonable efforts to attempt to collect the unpaid bills for and on behalf of the Company, but the Village shall not be liable to the Company for any amounts not collected. The first payments -7- received from any persons named on such lists shall be applied on such unpaid accounts and shall be the property of the Company. The Village agrees to remit promptly any amount so collected less a ten per cent (10%) collection charge to the Company. (b) All unbilled amounts due the Company for sewer charges and water service for the period between the last billing date and the Closing Date shall be prorated between the Village and the Company so that the Company shall receive that portion of the first bill rendered and collected by the Village after the Closing Date as the number of days from the last billing date through the Closing Date bears to the total number of days for which said bills are rendered. II. Debts and Accounts Payable. It is mutually un- derstood and agreed that the Village does not assume any lia- bility of any nature for the payment of the Company's debts and accounts payable, and that the liability and responsibility for said debts and the accounts payable and the paYment there- of shall remain with the Company. 12. Representation, Warranties and Agreements by the Company. The Company represents, warrants and agrees to and with the Village as follows: (a) That it is and on the Closing Date will be a corporation duly organized and existing and in good standing under the laws of the state of Illinois. -8- (b) That it has taken all necessary corporate and legal action to authorize the execution, delivery and performance on its part of this Purchase Agreement and the performance hereof by it will not be in contravention of its Articles of Incorporation or By-Laws or any con- tract or agreement to which it is a party or subject. (c) That it will operate and maintain the water and sewer system as a going concern, making such repairs and betterments as may be necessary in the usual and regular course of business until the Closing Date, and that it will not sell or otherwise dispose of any part of the water and sewer system except such part or parts as may be retired from service in the ordinary course of business prior to the Closing Date. (d) That the certified and audited balance sheet of the Company dated as of December 31, 1962, shall be delivered to the Village and shall reflect with accuracy the financial position of the Company as of date of said balance sheet. (e) That since the date of the balance sheet referred to in (d) above there has not been, and prior to the Closing Date there will not be, any material adverse changes in the Company's operations, properties, or assets and the Company has not and will not incur any liabilities other than those shown on said balance sheet or enter into any transactions, except liabilities incurred or transactions entered into in the ordinary course of business. -9- (f) That it has, or will have in the case of addi- tional assets acquired between the date hereof and the Closing Date, good and marketable title to the water and sewer system, and it will have such title on the Closing Date: and its title to the water and sewer system on the Closing Date will be unencumbered or proper provision will have been made for paYment and release of any ex- isting encumbrance. (g) That there is not now any litigation, suits or governmental proceedings pending or to its knowledge threatened which might adversely affect its title to, right to possession of, or right to use the water and sewer system, or which might interfere with the sale and purchase contemplated hereby, and it will promptly notify the Village in writing if any litigation, suits or governmental proceedings shall be instituted or threatened prior to the Closing Date. (h) That it has rights of way and easements (either by grant or by dedication) and that they are sufficient to authorize maintenance of all of its water pipes and sewers over private lands and public highways and it has good and sufficient rights to keep and maintain the water and sewer system in the manner in which the same is now maintained and kept. (i) That there will be on the Closing Date no trust deeds, mortgages or indentures for which provision for payment and release has not been made which affect the water and sewer system and all the rights, contracts and -10- other property of the water and sewer system are trans- ferable and assignable by the Company as herein contem- plated. 13. Documents to be Delivered by the Company on the Closinq Date. The Company shall prepare or cause to be pre- pared for delivery to the Village on the Closing Date the following: (a) Good and sufficient deeds, Torrens Certificates, if any, bills of sale, assignments and other instruments of convenience and transfer with sufficient revenue stamps either affixed thereto or attached thereto for subsequent affixing as shall be necessary to convey to and vest in the Village good and merchantable title to all of the properties described in paragraph 2 and the various subparagraphs thereof free and clear of any and all liens and other encumbrances, except for current taxes not payable prior to the Closing Date and matters acceptable to the Village. (b) Torrens Certificates of Title shall serve as evidence of title to the real estate referred to in paragraph 2(a) hereof and described in Exhibit B hereto attached showing record title to the said real estate to be in the Company, subject only to the matters to which this Purchase Agreement is subject by the terms hereof, and to such other matters as shall be acceptable to the Village. -11- (c) Affidavit of title of the Company to the real estate described in paragraph 2(a) hereof covering the period from the date hereof to the Closing Date. (d) Maps containing legal descriptions of the real estate described in paragraph 2(a) hereof showing the location of all buildings and improvements located thereon together with maps adequate to show the location and legal description of all easements to be conveyed to the Village. (e) A chattel mortgage, judgment and federal lien search covering a date not later than seven (7) days prior to the Closing Date showing no chattel mortgages, judgments or other liens outstanding against the Company. (f) Articles of Incorporation of the Company and all amendments thereto certified by the Secretary of State of the State of Illinois. (g) Certificate of good standing of the Company issued by the Secretary of State of the State of Illinois dated not more than thirty (30) days prior to the Closing Date. (h) Certificate of the Secretary of the Company dated as of the Closing Date, with respect to corporate standing, by-laws, incumbency of officers and their signatures, and corporate director and shareholder reso- lutions authorizing the performance of the Purchase Agreement. (i) The opinion of Chapman and Cutler addressed to the Village dated as of Closing Date to the effect -12- (1) that all necessary and appropriate corpor- ate action by the Company has been taken to author- ize the execution and delivery of this Purchase Agreeme nt ; (2) that the instruments delivered by the Company to the Village are valid in accordance with their terms and effective to transfer to the Village merchantable title to the water and sewer system, as defined in paragraph 2 hereof, free and clear of all defects, liens and encumbrances other than matters acceptable to the Village; (3) that the Company does have merchantable title to all property which it seeks to transfer; (4) that the Company does have merchantable title to rights of way and easements, either by grant or dedication, that are sufficient to author- ize maintenance of all its water pipes and sewers over private lamds and public highways; and that it has good and sufficient rights to keep and maintain the water and sewer system in the manner in which the same is now maintained and kept; and that the documents of transfer do in fact convey merchantable title and right to said easements and right of way to the Village. Said Opinion shall be paid for by the \, Village, but the Company shall be responsible for providing all and any documents required of Chapman and Cutler in this connection. -13- (j) Contract between the Company and Colonial Heights, Inc., dated February 24, 1961, plus assignment of same and consent to same by Colonial Heights, Inc., which consent shall accept the conditions noted in paragraph 3 above. (k) Such other documents and showings as shall reasonably be required and which shall be prepared and submitted to Edward C. Hofert, Attorney for the Village, by bond counsel. 14. Additional Documents. If at any time after the Closing Date it shall appear that additional bills of sale, deeds, assignments or other papers are reasonably necessary to complete or perfect the transfer of any part of the water and sewer system to the Village, the Company agrees to execute such additional bills of sale, deeds. assignments or other papers upon the written request of the Village. 15. Aqreement by the Villaqe. The Village agrees to and with the Company that it will make every reasonable effort to finance the acquisition of the water and sewer system through the issuance of revenue bonds pursuant to the provisions of the Illinois Municipal Code sufficient in an amount to provide for the paYment of the purchase price of said water and sewer system. It being understood that the Revenue Bond Ordinance to finance the above acquisition may include other and additional items of expenditures for the water revenue system of the Village and the re-financing of outstanding revenue bonds which are presently in force. -14- 16. Ind~mnity. The Company agrees to indemnify the Village and hold it harmless against any and all losses, claims, damages, expenses and liabilities, including but not limited to tax liabilities, arising out of or in connection with the assets comprising and the operation of the water and sewer system prior to noon of the Closing Date. The Company further agrees to indemnify the village for any and all losses occasioned to it which are covered by the warran- ties of the Company contained in this agreement or which in any way involve or arise out of the sale of the assets of the Company to the Village. 17. Financinq. The Company understands and agrees that the purchase by the Village of the water and sewer system is dependent upon the Village's obtaining the nec- essary financing thereof by the issuance of Revenue Bonds in conformity with the Illinois Municipal Code on or prior to the Closing Date. The Village will proceed promptly to devote its best efforts to obtain such financing. The con- sideration to be paid by the Village for the water and sewer system shall be payable solely from such source of funds and not otherwise, and this Purchase Agreement is contingent upon such financing being available to the Village. If for any reason such financing is not available to the Village on or prior to the Closing Date, then this Purchase Agreement shall, at the option of either party thereto, become null and void and all undertakings, obli- gations and liabilities of the parties hereto shall be automatically terminated, released and discharged. C'lS - 18. Notices. All notices in connection with this Purchase Agreement shall be given when mailed by registered mail, postage prepaid, to the President of the Village, Village Hall, Mount Prospect, Illinois, and to the Company, c/o Chas. M. Miller, Mullaney, Wells & Co., Chicago 3, Illinois 19. Assiqnment and Applicable Law. This Purchase Agreement shall inure to tIle benefit of and be binding upon the successors and assigns of the Company and upon the suc- cessors of the Village and shall be determined to be an Illinois contract and any matters concerning this Purchase Agreement shall be determined by Illinois law. 20. Invalidity. If any term or provision of this Purchase Agreement or the application thereof to any person or substance shall to any extent be invalid or unenforce- able as finally determined by any court of competent jurisdiction, this Purchase Agreement may, at the option of either party, be cancelled and terminated, and all obli- gations, undertakings,and liabilities of the parties hereto shall thereupon automatically be terminated, re- leased "and discharged. 21. Conditions to Final Consummation of Purchase Aqreement. It is mutually understood and agreed that final consurronation of this Purchase Agreement is contingent upon, and subject to, the fulfillment of all of the terms of this Purchase Agreement on or prior to the Closing Date or such extended period as may be agreed upon by the parties hereto. -16- IN WITNESS WHEREOF, the parties hereto have caused this Purchase Agreement to be executed in their respective corporate names by their respective officers thereunto duly authorized and their respective corporate seals to be hereunto affixed and attested by their re- spective officers having custody thereof the day and year first above written. VILLAGE OF MOUNT PROSPECT, By ~(?~""~ Its President ~ "1> ./ C J~-G.Z:;I L-. Its Clerk r! , . I <' L,c/ ..<-L -.L.-1.. ,____ (SEAL) COOK COUNTY WATER CORPORATION, BY..c /~ --- ~. ~ Its President _u___~ '-... ATTEST: v" (,l ) (,.." , ;l - ,l/ . ,""" ~., 1'_.1 ( --<-,.., ......',.. :...--- .. . Its Secretary (SEAL) -17- INVENl'ORY OF MOVEABLE PERSONAL PROPERT! ~1.1Jl 16 - 10QU barrels of Poly-Phosphate - Warren Chemical 2,- Phosphate mixing barrels 2 - Kidde dry chemical type fire extinguishers - 1 broken at the time 1 - MSA Industrial gas mask 1 - Quincy compressor - serial no. 230-17-242593 1 - Mercoid oontrol for the pressure pump no. DD 656654-.R6 1 - 3HP eleotric motor for compressor - serial no. F-2?4633 1 - 1.5HP electric motor (spare) serial No. 025498 1 - chlorine induotion motor - model no. J 17-M373 1 - Fisher - Porter wall mounted chlorinatulg machine 1 - Fairbanks-Morse scale - serial no. G311646 (for weiuhing ohlorin~ cylinders) 1 - Warren chemical phosphate proportioning pump - serial no. 262 (disconnected but new) 1 - Precision phosphate induction machine - serial no. 456621 (small) 7 - quarts Amolube motor oil 1 - gallon paint thinner 1 - full 50 gallon drum ~Jbex 200 line shaft oil with hand pump on the barrel 1 - grass whip 1 - hatohet 2 - oalcium brushes 1 - 3" paintbrush 1 - paint roller with pan 1 - sewer shovel 4 - 3/4 inch Mueller meter yokes 3 - 150# cylinders of chlorine serial nos. 11588, 15327, 21764 1 - used cylinder of chlorine serial no. 10921 1 - u.s. Peerless 150 lIP deep well motor serial no. 1080979 1 - pound of lead seals 10 - 15 Amp Buss fuses 6 - 60 Amp fuses 1 - 400 Amp fusetron 600 volt 1 - 2 foot level 1 - water main valve shut-off key 1 - 4 foot wooden step ladder 1 - Christmas wreath 2 - Ed~ hydrant shafts with shoes .l - Ed~ hydrant shafts without shoes :2 - Ed~ hydrant shoe rubbers I) - Buffalo Box lids (saddle type) 1 - Ed~ hydrant shaft ooupling 1 -. Autocon oontrol cabinet type spec. - #35736-220V~.85 cap. 2 - Metal sto~~ cabinets with shelves 1 - hot plate with coffee pot 1 - small electric heater 1 - Electromode oeiling mounted-heater .i" - chair 12 - Badger meter bottom plates 1 - Eleotricclock (General Electric) model #2106 1 - 2 ft. by 2 ft. by 4 ft. tin meter cleaning tank 4 - 3/4 inch meter spreads }O - bolt washers for 3/4 inch meters 4 - used eleotrical resistors Exhibit A con't. o - 1 - 5/8 X 3/4. inch Hersey meter no. 5539936 dam.a.ged type F 1. _" " " " " tl 3403771 .. II" 1'-" II " " " "3424313 II "" 1 _" " " II II "3424368 Ii "" 1 _" " " " II "3403744 It "" less register 1 _" II II " " "3411344 II "" 1 _ II " " " " "3411313 II "II 1- II II " It II "3424356 It "" 1 _" II " II 11 less hood 1 -" " "Badger met;er no. 5237592 "type AOIT 1..." II " " II II 7412831 It II SOT 1.. II " tl II II "3051053 " II AOIT 1 -" " " " " "3051046 " It AOIT 1 -" " " " " "3057027 II Ii AOIT no inside parts 1 - 5/8 inch Trident meter 110. 7312256 lama.ged 1 - 5/8 X 3/4 inch Badger meter less register, hood and bottom plate 1 - wire mesh container for burning trash 5 - empty' chlorine cylinders 4 - center sections for roau boxes 1 - Fisher - Porter chlorine machine (disconnected) serial no..' X9-12H21 1 - new Toastmaster eleotric heater - floor model 1 - Electomode electric heater (broken) I - 15 HP US deep well motor - serial no. 1029418 (for the limestone well) 5 - Saddle servioe boxes 3 - Mue11t~r sorew on service boratr 1 - bag ot oement 4 -- 12" Eddy hydrant barrel extensions 1 - 8" Fl200 water main split repair sleeve 2 - top Bectioh~ of road boxes 1 - 5 ft. B-box key - order no. 3512-E 1 - road bo:c: cover 1 - 3" by 2" bushing 1 - electric heating strip oeiling mounted cinder sewer blocks - common brioks - small quanity in pile outside of building Deep Well starter unit - Bulletin no. 6080 - UP ISO - Volts 480 - 3 ph - Drg.C-l96052-Cy60 Serial no. E-81227-Al-110 Volt-Clark Controller General Eleotrio Relay no. 1032M22-Time Delay type C-200-A11en &: Bradley Preoision Transformer 120/240-5 KVA-cyo 60-type TD l-A5-Pri V.240/480-8C% riser Serial 00. A 8:;1:; 1 - eleotric sewer scooter with 300 ft. of cable 2 - long handled shovels 1 - 10" cresoent wrench 15 - 5/8 by ;/4 Ba~r water meters 1 - 1957 Chevrolet piokup truok EXHIBIT B LOT "A" In Hatlen Heights Unit No. Two, a Subdivision in the South Half (1/2) of the Northeast Quarter (1/4) of Section 10, Township 41 North, Range 11, East of the Third Principal Meridian, according to Plat thereof registered in the Office of the Registrar of Titles of Cook County, Illinois, on February 27, 1956 as Document Number 1653233. LOT TWELVE (12) BLOCK TWO(2) In Hatlen Heights, Unit No. One, a Subdivision in the South Half (1/2) of the Northeast Quarter (1/4) of Section 10, Township 41 North, Range 11, East of the Third Principal Meridian, according to Plat thereof registered in the Office of the Registrar of Titles of Cook County, Illinois, on August 17, 1955, as Document Number 1614665. That part of Lot 7 in owner's division (hereinafter described) described as follows: Beginning at a point on the west line of said lot 7, 697.0 feet north of the southwest corner of said lot 7; thence east parallel with the south line of said lot 7, a distance of 80.0 feet; thence north parallel with the west line of said lot 7 a distance of 125.0 feet; thence west parallel with the south line of said lot 7 a distance of 80.0 feet to the west line of said lot 7; thence south on the west line of said lot 7 a distance of 125.0 feet to the place of beginning. In owner's division, being a subdivision of the southeast quarter (except the west half of the southwest quarter thereof) of section 10 Township 41 North Range 11 east of the third principal meridian in Cook County, Illinois.