January 17, 2015 · 1 Comments
VERMILION CO., IL. (ECWd) –
IKEA (the furniture company) and APEX (a wind energy company) failed to make payments to Ambassador Steel Fabrication, LLS from Auburn, Indiana. The failure of IKEA and APEX to make their payments in a timely manner is now causing issues for farmers and other land owners who leased their properties for the project. Below is a link(or click here for names) to the list of names which are found on the documents recorded at the Vermilion County Recorder’s office in Document # 14-09577. This document is a “NOTICE OF SUBCONTRACTORS CLAIM and ILLINOIS MECHANIC’S LIEN CLAIM-LEASEHOLD IMPROVEMENT” For details, please see the lien documents which you can view HERE and HERE.
The lien is for $1.4 million dollars.
If you know somebody on this list, perhaps they would be interested in knowing that their property will have a permanent record of having had this lien filed. Until IKEA/APEX settles this issue and the lien is released, it may be difficult to complete real estate or financial transactions.
A lot of questions arise out of this issue:
–Are ag input loans for fertilizer/seed affected?
–Will real estate transactions such as mortgages, land purchases using existing lien subject property as collateral at risk?
–Will there be legal problems for trustees if the benefactors of the trust learn their land is listed and subjected to a lien collection proceeding?
Before signing agreements to host wind turbines, access roads, or cables, remember that anything can happen. If a wind company fails, does a lien holder have rights to take action against the land owners? This list of landowners (HERE) should probably review their lease agreements to see if they have a protections in place against complications.
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