Illinois Compiled Statutes 605 ILCS 10/9.20 – Condemnation proceeding expenses
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The owner of property to be acquired by the Authority shall be reimbursed for any reasonable expenses, including reasonable attorney, appraisal, and engineering fees, that the owner actually incurred because of a condemnation proceeding if:
(1) the final judgement of the court is that the
(1) the final judgement of the court is that the
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Authority cannot acquire the property by condemnation; or
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(2) the condemnation proceeding is abandoned by the
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Authority other than under an agreed-upon settlement.
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Terms Used In Illinois Compiled Statutes 605 ILCS 10/9.20
- Appraisal: A determination of property value.
- Judgement: The official decision of a court finally determining the respective rights and claims of the parties to a suit.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.