HomeMy WebLinkAboutOrd 4279 03/05/1991 ORDINANCE NO. 4279
AN ORDINANCE APPROVING AND AUTHORIZING THE
EXECUTION OF A REAL ESTATE PURCHASE AGREEMENT
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 5th day of March , 1991
~ Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
llth day of March , 1991.
/26/91
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ORDINANCE NO. 4279
AN ORDINANCE APPROVING AND AUTHORIZING THE
EXECUTION OF A REAL ESTATE PURCHASE AGREEMENT
WHEREAS, the Board of Trustees of the Village of Mount Prospect
have aetermined that, pursuant to the Amended Tax Increment
Redevelopment Project and Redevelopment Plan, that it is in the
best interest of the health, safety and welfare of the Village of
Mount Prospect that the Village enter into a certain Agreement to
Purchase Real Estate located at 18 South Main Street, commonly
known as the Prospect Theatre, a copy of which is attached hereto
and hereby made a part hereof as Exhibit "A".
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That the Village President and Village Clerk are
hereby authorized to execute the Real Estate Purchase Agreement
which is attached hereto as Exhibit "A", the Board of Trustees
having determined that the Agreement is, pursuant to the Amended
Tax Increment Redevelopment Project and Redevelopment Plan, in the
best interests of the Village of Mount Prospect.
SECTION TWO: That the acts of the Village President, Village
Trustees, Village Clerk, officers, attorneys and employees of the
Village necessary to implement, carry out, or give effect to the
terms of the Agreement to Purchase Real Estate, which is attached
heretc as Exhibit "A", are hereby authorized.
SECTION THREE: That this Ordinance shall be in full force and
effect from and after its passage, approval and publication in
pamphlet form as provided by law.
AYES: Arthur, Busse, Corcoran, Floros, Van Geem, Weibel
NAYS: None
ABSENT: None
PASSED and APPROVED this 5th day of March , 1991.
Village President
ATTEST:
Carol A. Fields
Village Clerk