National Boulevard Bank v. Village of Schaumburg

Defendant, Village of Schaumburg (Village), appeals from a judgment of the circuit court of Cook County declaring the R-l, single-family, zoning classification of plaintiff’s property invalid insofar as it prohibits a high density residential development proposed by plaintiff, Eugene Matanky. Plaintiff Matanky, the sole beneficial owner of the property held in trust by plaintiff National Boulevard Bank of Chicago, initiated this declaratory judgment action after the Village Board denied his request for a rezoning of the subject property to permit construction of either the initial or…