Laserfiche WebLink
' ,.. <br /> <br />' Court and the Illinois Attorney General's office approving <br />the use of funds by the Metropolitan District from the <br />escrow account which was earmarked under the Final Judgment <br />and Consent Decree for the extension of water and sewer <br />improvements in Colorado City directly, or for the purpose <br />~ of collateral upon which to borrow funds, to pay for the <br />cost of title searches performed and to be performed, and <br />paying closing costs incurred or to be incurred, on the <br />trade program and to fund the necessary cost and expenses <br />to carry into effect the trade program contemplated herein. <br />11. The proposed sale of property of the estate and <br />Settlement Agreement outlined above will result in the <br />withdrawal of the claims of the Illinois Attorney General and <br />the Metropolitan District. Additionally, an as yet <br />undetermined number of claims will be compromised through the <br />Lot Trade Program. Finally, the estate will receive the sum of <br />$250,000 cash which may be used in payment of expenses and <br />claims. <br />WHEREFORE, premises considered, the Trustee, the <br />Metropolitan District, and the Illinois Attorney General pray <br />that the Court authorize the the sale of real property of the <br />estate free and clear of all liens, claims and encumbrances and <br />the Settlement Agreement as set forth herein, and for such <br />other and further relief as may be appropriate. <br />JOINT MOTION TO AUTHORIZE SALE OF REAL PROPERTY <br />OF THE ESTATE FREE AND CLEAR OF ALL LIENS, CLAIMS <br />AND ENCUMBRANCES AND SETTLEMENT AGREEMENT - Page 11 <br />