TRANSCRAFT CORP. v. ANNA INDUS. DEV. CORP.

No. 5-90-0656.

584 N.E.2d 1033 (1991)

223 Ill. App.3d 100

165 Ill.Dec. 599

TRANSCRAFT CORPORATION, a corporation, Plaintiff-Appellant, v. ANNA INDUSTRIAL DEVELOPMENT CORPORATION, a not-for-profit corporation, Defendant-Appellee.

Appellate Court of Illinois, Fifth District.

December 30, 1991.


Attorney(s) appearing for the Case

Sorling, Northrup, Hanna, Cullen and Cochran, Ltd., William S. Hanley and Peggy J. Ryan, of counsel, Springfield, Medlin & Medlin, James S. Medlin, of counsel, Carbondale, for plaintiff-appellant.

R. Corydon Finch, Finch & Karraker, P.C., Anna, for defendant-appellee.


Justice HOWERTON delivered the opinion of the court:

Transcraft Corporation (Transcraft) leased a parcel of land in Anna, Illinois, from Anna Industrial Development Corporation (Anna). Section 4(c) of the lease agreement stated:CCC

"In addition to the rental payments to be made by Transcraft from the Effective Date, Transcraft shall pay the actual cost of general real estate taxes beginning with the first year said building is assessed as an improvement on...

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