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HomeMy WebLinkAbout08-27-13 ..-. i�i��� � ` � �s'l ��.��� � � IN THE MATTER C}� TKE : I��T TH�CC}LTR.T OF Ct�MMON PLEAS OF �..� C`.":7 � ; CTJIVIBERLAND COUNTY, PE��NS�L�VAI'�TIA�:.� � �' ESTATE OF KLARE S. : ORPHANS' C(JURT DIVISION � � � M;'� � p SL;�`+TDERLAND, DECEASEL) : N{�. 2013-�00�� r� ...�...... c-a �-�--> �;.% :� � � r-` � �;�;� ORDER � �� ,_r:� � ._ �::� , � w �;a�ti .��,,� w� , '� � F �i �� .� `�!� AND NOW, this � day of , 2013, upon con�����.tion af=the : �;� , ,,,�. A .. �-�r a �__. � .. . -_.� �..., x.� Petition Pursuant tc� Section 335b of the Probate, Estates and Fiduciaries Co�e for Orde�f Cour�t� Approving the Purchase of Estate Assets by a Co-Executor, it is hereby ORDERED that 1, The Decedent's estate shall be permitted to se11 and Daniel K. Sunderland shall be per��itted tc�purchase I�ecedent's 500 shares in Sun Mo�or Sports, Inc. for the sum af$851,00� under the terms and conditions of th.e stock purchase agreement dated June 1, 2013. 2. Orland Park Imports, Inc. ($0%of which is owned by Daniel I�.. Sunderland} shall be permi�ted to purchase fxam Or�and Park Motor Cars, Inc. {80°l0 of which is owned by the Decedent's estate) and the Executors of Decedent's estate shall cause Orland Park Mator Cars, Inc. to se11 ta Orland Park Imports, Inc. certain assets identified in the assets purchase agreement dated May 23, 2013 on th.e terms and cond�tions described in such agreement. 3. Orland Park D1J, LLC, (80%of which is owned by Daniel K. 5underland) sha11 be permitted to purchase from SAV, II, LLC �which is owned by Decedent's estate) and the Executors of Deceden�t's estate shall caus� SAV, II, LLC to sell�o Orland Park DD, LLC,the follawing praperties for the sum of$15,000,004 under the terms and conditions of the agreement for the purchase and sale of real estate dated May 23, 2013: a. 4.34 acr�s situate in the Village of Orland Park, �ook County, Illinois, with improvernents, having an address af 8430 West 159�' Street, Orland Park, Illinois, being tax parcel 27-14-313-Q27-OOQQ and .� ` i b. 2.03 8 acres situate in the Village of Orland Park, Cook County, D Illinois, with improvements, having an address of 8470 West 159th Street, Orland � Park, Illinois, being tax parcel 27-14-313-037-0000. ' 4. The Decedent's estate shall be permitted to sell and Daniel K. Sunderland shall be permitted to purchase Decedent's one half interest in one preferred share of Affinity Insurance Limited, for the sum of$28,820, under the terms and conditions of the purchase agreement dated as of July 15, 2013. 5. Donna K. Sunderland Benson and Debra S. Ritchey are deemed to act as virtual representatives of all potential appointees and all takers in default of the exercise of the power of appointment by Donna K. Sunderland Benson and Debra S. Ritchey regarding their respective Trusts under 20 Pa.C.S.A. §7723(7). • � J. : Distribution List: 1 �• ��� PERSONAL AND CONFIDENTIAL PERSONAL AND CONFIDENTIAL Debra K.Ritchey Donna K. Sunderland Benson 1608 Liz Burns Place 261 Valley Road Mechanicsburg,PA 17055 Etters, PA 17319 PERSONAL AND CONFIDENTIAL Jack F. Hurley, Jr., Esquire Daniel K. Sunderland Rhoads & Sinon LLP SUN MOTOR CARS,INC. PO Box 1146 6691 Carlisle Pike Harrisburg, PA 17108-1146 Mechanicsburg, PA 17050 Stanley A. Smith, Esquire Rhoads& Sinon LLP PO Box 1146 Harrisburg, PA 17108-1146 : ORPHANS' COURT DNISION . COURT OF COMMON PLEAS OF In Re: KLARE S SUNDERLAND : CUMBERLAND COLJNTY : PENNSYLVANIA : N0.21-13-0074 CERTIFICATE OF SERVICE OF ORDER ORDER DATE: 8/27/13 JUDGE'S INITIALS: TAP TIME STAMP DATE: 8/27/13 IN RE: ORDER ............................................................................................................................ SERVICE TO: STANLEY A SMITH&JACK F HURLEY JR�BOTH ORDERS IN SAME ENVELOPE)PO BOX 1146 HARRISBURG PA 17108-1146 DEBRA K RITCHEY 1608 LIZ BURNS PLACE MECHANICSBURG PA 17055 DONNA K SUNDERLAND BENSON 261 VALLEY ROAD ETTERS PA 17319 DANIEL K SUNDERLAND 6691 CARLISLE PIKE MECHANICSBURG PA 17050 METHOD OF MAILING: ENVELOPES PROVIDED BY: �USPS ❑PETITIONER ❑RRR �NDGE ❑HAND DELIVERED ❑CLERK OF ORPHANS COURT ❑OTHER MAILED: 8/27/2013 ............................................................................................................................ SERVICE TO: STANLEY A SMITH,ESQ METHOD OF MAILING: ENVELOPES PROVIDED BY: ❑USPS ❑PETITIONER ❑RRR ❑JUDGE �HAND DELIVERED ❑CLERK OF ORPHANS COURT ❑ OTHER �t� 8/27/2013 �: , e ty erk of Orphans' Court