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VAN KAMPEN MERRITT v. AVONDALE PROPERTIES

No. 87 C 10589.

702 F.Supp. 1412 (1989)

VAN KAMPEN MERRITT, INC., Plaintiff, v. AVONDALE PROPERTIES PARTNERSHIP, Bernard Grizaffi, Robert D. Boyle, Morgan F. Murphy and Jay L. Statland, Defendants.

United States District Court, N.D. Illinois, E.D.

January 11, 1989.

Attorney(s) appearing for the Case

Frederick V. Lochbihler, Richard A. Wohlleber, Jeremy A. Gibson, Chapman and Cutler, Chicago, Ill., for plaintiff.

Stephen J. Spitz, Jerry M. Santangelo, Sperling, Slater & Spitz, Chicago, Ill., for defendants.

MEMORANDUM OPINION AND ORDER

LEINENWEBER, District Judge.

Avondale Properties Partnership ("Avondale") in order to finance a proposed construction and rehabilitation of an office center in Chicago, Illinois sought assistance from the Illinois Development Finance Authority ("IDFA"), a statutorily created public body to make funds available for the construction of facilities in areas of high unemployment through the sale of bonds. Ill.Rev.Stat., ch. 48, &...

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