(DOWNLOAD) "Heritage Commons Partners v. Village of Summit" by United States Court of Appeals for the Seventh Circuit # eBook PDF Kindle ePub Free
eBook details
- Title: Heritage Commons Partners v. Village of Summit
- Author : United States Court of Appeals for the Seventh Circuit
- Release Date : January 17, 1991
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 73 KB
Description
CUMMINGS, Circuit Judge Defendant Village of Summit (""Village"") appeals from a $1 million jury award to plaintiffs Heritage Commons Partners and its four individual partners for breach of a contract to construct a retail and residential development on the site of an abandoned truck terminal located on 27 acres of land at 55th and Archer Avenue in Summit, Illinois. The dealings that gave rise to this litigation began in 1983, when a group of Village residents set out to find a developer willing to undertake construction on what is known as the ""PIE"" property. They contacted plaintiff Sheldon Ginsburg, a Certified Public Accountant, with their idea. He in turn contacted Perry Snyderman, a Chicago lawyer. They also invited Ellen Barnes, who was familiar with developing property with public sector financing, to join the partnership. Plaintiff William Cellini subsequently became a partner also. In the past, he has specialized in the construction and management of residential properties. The abandoned truck terminal at issue was a ""problem property,"" and the Heritage Commons Partners and the Village discussed the possibility of financing the property by obtaining federal grant assistance from the Department of Housing and Urban Development (""HUD""). The Village was one of eleven needy communities in Illinois eligible to benefit from two different types of federal assistance for needy communities. Summit could apply for both a Housing Development Action Grant (""HODAG""), designed to facilitate the construction of proposed residential developments, and an Urban Development Action Grant (""UDAG""), conceived to benefit distressed communities like the Village in their development of commercial endeavors. In addition to a residential and retail facility, the Village residents who initiated the discussions with the Partners also envisioned a marina, hotel and convention facilities on the site.
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