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09500HB1926sam002 |
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LRB095 09066 NHT 37874 a |
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| (1) The school district has an equalized assessed |
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| valuation for calendar year 2006 of at least $4,500,000,000 |
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| and an enrollment for the 2006-2007 school year of at least |
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| 28,000. |
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| (2) At least 58% of those voting in a general primary |
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| election held prior to November 2006 approved a proposition |
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| for the construction of the high school building and the |
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| issuance of $124,660,000 general obligation bonds for the |
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| purpose of paying the costs thereof. |
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| (3) The eminent domain proceeding was filed on or |
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| before December 23, 2005 for the acquisition of a vacant |
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| parcel of land containing approximately 55 acres in a |
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| county contiguous to a county with 3,000,000 or more |
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| inhabitants. |
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| (4) The circuit court in which such proceeding is |
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| pending entered its order, on or before November 17, 2006, |
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| denying defendants' traverse motion and motion to dismiss. |
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| (5) The school district waives its right to dismiss the |
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| complaint or to abandon the proceeding as to all or any |
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| part of the property so taken. |
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| (6) The school district deposits the sum of $600,000 |
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| per acre with the county treasurer, who shall invest the |
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| deposit in an interest-bearing account for the benefit of |
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| the parties to the action. |
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| (7) The school district shall have filed a stipulation |
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| in the pending eminent domain action binding itself to |
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09500HB1926sam002 |
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LRB095 09066 NHT 37874 a |
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| cooperate with the owners and any developers of the |
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| remainder property to (i) cause a water main and sanitary |
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| sewer line to be brought to the western boundary of the |
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| remainder property, subject to the developers of the |
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| remainder property bearing the additional cost for any |
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| oversizing of the sanitary sewer line required by the |
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| developers' use of the remainder property, (ii) design and |
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| construct its stormwater management facilities to accept |
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| up to 12 acre feet of stormwater from the northern portion |
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| of the remainder property, (iii) design, permit, and |
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| construct a full-access intersection providing shared |
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| access to the school district property and the remainder |
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| property on the north side of the properties, provided that |
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| the owners grant the school district easement rights over |
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| the remainder property for that purpose and subject to |
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| recapture from any developers of the remainder parcel for |
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| 50% of the cost of off-site intersection improvements and |
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| 100% of the cost of improvements on the remainder property, |
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| and (iv) grant such cross-access easement rights as |
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| required by local development authorities to permit access |
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| to the remainder property. |
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| In the order of the circuit court vesting the fee simple |
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| title to the real property with the school district, the owners |
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| shall be given the authority to immediately withdraw the sum of |
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| $300,000 per acre for the 55 acres of land being acquired. The |
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| amount withdrawn by the owners shall be credited against any |
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09500HB1926sam002 |
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LRB095 09066 NHT 37874 a |
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| future award of just compensation in the eminent domain |
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| proceeding. The balance of the deposit and accrued interest |
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| shall be held by the treasurer until entry of a final judgment |
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| by the circuit court determining the just compensation to be |
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| paid for the property. Upon entry of the final and appealable |
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| judgment order, the circuit court shall hear and determine all |
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| rights in and to such just compensation and shall order the |
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| treasurer to disburse the just compensation, after credit for |
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| the amount previously withdrawn, to the owners and any excess |
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| deposit to the school district and direct the refund of any |
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| excess amount withdrawn from the deposit by any of the |
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| interested parties, as the case may be. Interest accrued on the |
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| balance of the deposit shall be disbursed to the owners and the |
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| school district in the same proportion as the principal balance |
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| is disbursed to the owners and the school district. In the |
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| event the deposit and all accrued interest are insufficient to |
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| satisfy the award of just compensation determined in the final |
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| and appealable order, then the school district shall pay such |
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| deficiency, together with judgment interest accruing from the |
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| date of the final and appealable order within 30 days. In no |
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| event shall the amount of the deposit be admissible as evidence |
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| in the eminent domain proceeding. Appeals may be taken from any |
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| findings or judgment by the court as in other civil cases. The |
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| school district shall not require an appeal bond in the event |
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| of an appeal by the owners.
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