HomeMy WebLinkAboutRes 02-57 03/05/1957
.<- 57
RESOLU'l'IONS ;ll ? - S 7
Vo. '"
Resolutions Proposed by the Board of Trustees of the Village
of Mount Prospect, Cook County, Illinois, Authorizing and
Directing the Purchase of Certain Real Property From Joseph
A. lJebel'"' and Hargaret E. Heber.
vlHEHEAS, negotiations have taken place v'lith Joseph A.
Heber and Margaret E. Heber regarding the purchase of
property by the Village of Mount Prospect for the purpose
of furnishing off-street par~ing and for other municipal
purposes, and
i'lBEREAS, it is deemed advisable and desirable that the
Village of Mount Prospect purchase the property hereinafter
described and as part of the purchase price pay the taxes on
said property for the years 1955 and 1956, said negotiations
have continued for that period, and
\"iHEREAS, the purchase of the property serves a much
needed municipal purpose,
NOltl, THEREFORE, BE IT RESOLVED:
That the Village of Mount Prospect, Cook County, Illinois,
is hereby authorized to purchase at a price of Twenty Thousand
Dollars ($20,000.00) the folloVling described real estate, in
the County of Cook and State of Illinois:
Lots 2 through 9 inclusive, in J. A. Weber's Addition
to Mount Prospect, being a subdivision of part of the
East half of the Northwest quarter of Section 12,
Township 41 North, Range 11, East of the Third
Principal Meridian, in Cook County, Illinois,
..
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from Joseph A. \'leber and r'1argaret E. liebeI' for the purpose
at the present time of furnishing off-street parking facilities
for the citizens, residents and visitors of the Village of
Nount Prospect, Illinois, and for other municipal purposes.
BE IT FURTHER RESOLVED:
That the President and Village Clerk are hereby
authorized and directed to execute on behalf of and in the
name of the Village of Hount Prospect a certain real estate
contract \.'Ii th the said Joseph A. liebeI' and r.Iargaret E. lileber
(a copy of which is attached hereto and made a part of these
minutes), ~Ihich contract provides for payment of the purchase
price of $20,000.00 by the Village of Mount Prospect in in-
stallments and for a deposit in escrow by the Village of
Mount Prospect of a reconveyance deed of the above described
property, which Hill be held by the named escrowee until
final payment of the purchase price and vIill be recorded by
the named escrovJee in the event of a default in payments by
the Village of Mount Prospect.
BE IT FURTHER RESOLVED:
That the President and Village Clerk are hereby
authorized and directed to execute on behalf of and in the
name of the Village of Hount Prospect a reconveyance deed to
the said Joseph A. liebeI' and T/Iargaret E. ',"Jeber, in accordance
"\.1ith the terms of the said real estate contract (a copy of
said reconveyance deed is attached hereto and made a part
of these m~nutes) 4~ W: ~J' fi ,,/' ;t/.....,<I~ /957
~ v..y! 747 ...5 (!,.:Z, "f M.......,4 / 957
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CHICAGO TITLE AND~COMPANY 1928 FORM. AS AMENOED 1953
REAL ESTATE SALE CONTRACT · For Guarantee Policy Only
the price 0
the following descri ed real estate, in the County of Cook, State of Illinois, to-wit:
of
J.ota a ~ 9 lMlul_. 1D J. &. ....... MIIlu. &0
..... ........'. -l1t& . etalMU.V1I11.01l of put ~ .. ...,
"U of tat .......... ........ of 8IIoUaD 11. '11fl....tp 1&1
1IoRb. .... 11. ... 01... !b1Jtcl .....1pa1 ~.
18 Cook CouaQ'. 111taole
and JG8IfII A. MR. end _*' a. -No...I
agree_to sell said premises at said price, and to conveyor cause to be conveyed to the purchaser a good title
thereto by .'t" ......- deed, with release of dower and homestead rights, subject only to:
~>>~t1,~~,,~ ;
. peCla taxes or assessments for improvements not yet completed; (3) Installments not due at the date
hereof of any special tax or assessment for improvements heretofore completed; (4) General taxes for the
year and subsequent years; (5
6 Zoninan~c~uilding laws or ordinances;
J
'~;?g::r"~,J~~ . .' . " ,
.,~,-,---:,-..-,~<,'y~-I\< -.''''__''. .'_'" J ,'..:.J.;' ,If!'
Seller agre.. to 4.11 vel' title to the p' ~.. tltM tNm _' ,- 'i ve
". l.tlonaol' Gov.nqt, ,"lat~ to tH ..\lM ot... ..14 pzwl... __
. · ....1.. ~......, ........ ~U'.....,.o._ leU....
. It1' arid 'fIiat COJItPIl'lJ', .. .'CI'OW", a Nconvqano'. cIe8cl' 01 the
· . d...or1Nd. prea1... Wh10h ahall be held 07 the aa1d ChJ..aso '11'1.
and ~.t CoaapaD1, a. ..crow.., until final ,a,.ent ot purcbaN prl.e a.
h....inatt.r provld..d. In the event ot 8 4.:8\11 t bJ the plU"obaNr In tbe
pa,..nt ot the balanoe ot tbepuNha.e prl... uncleI' tbe te'" b...iI'latt.r
p"vieln, the Chioalo '11tle and 'fruIt Compaft7, aa e.crowe., ahal1 be
cl1reote4 to record. the Nconveyance deed... the ..11er to retain all IlOJll..
the"totore pa1d by pUl"Ob..er 1 tbe coat ot the e.crow to be pa1el b,. pv-
cbaMr, PuN.a.r.. aptM8 ~o N1JIbu..ra. .'lJA. r the 1955 taus, \lpOQ....n....
ta'lG" Qt paid .. bl11, and will pal, in ....1;108 to ... 1MUll_t.,
,be 1956 "al .state ...... a. 1951 real ..M~ t.... llpon NO.lpt ot ..id
tu b111a.
) 4 r 1 :' '!' .. . l' ., : ~ ~ .. ~ , .... . f' .. , t> . .. , /4 . " ~ . /4 f' " f .. '" . . ~ . ..
]
The purchaser has paid .......-........... :r..J___ - ,.,...---. ~..;..<...u
as earnest money to be applied on said purchase when consummated, and agrees to pay, within five days after
the title is shown to be good or is acce ted by purchaser, the further sum of -------.......--...
-- .....,.-..---....---- Dollars, provided a deed as
i?.HUten.:u:: ~el;;~. =~~e,J. _.. ~ sh<\ll ~~~i::.
"'"'. ~IU..'Rd. Ie. .000. '.OOE' mE aD or. bid.. UIe. __.or..... .il"" .,1958..
... .....A. .000.00 _ .. a.r.. .. -. of .....l..,. 1'5
............ . . .000.00 ". . _ .. -.t... ... _ of "W NY. 1MO
.... ......... .000.00 . . OIl.. betoN tilMt .,. of .......... 1961
with interest from thedat.e of delivery of deed at the rate of~~Ger centumlier annum~.able
, --- -~1.1' , ~W~~~~i'~Jt:liUt...lfr3_~.I~u'-,hr~
_'.~R-~~M.~~~*~.,lI[~......~.l1..~..,
. ,s an ,s no' e' In. sa, notes an~hall be in a. form ordinarily used by the Chicago Title and Trust Company,)
Within twenty days from the date hereof seller shall deliver to purchaser or his agent (which delivery
may be made at the office of II1telleU .... ~ ) a guarantee policy of the Chicago Title
and Trust Company in the amount of the purchase price, covering the date hereof, or its customary prelimi-
nary report on title. showing title in seller (or grantor), subject only to the Platters to which this sale is
subject by the terms hereof, and to the usual objections contained in owners poIi~ies issued by said Company.
If a report on title is furnished, seller shall deliver such guarantee pp,licy' at the time of delivery of deed, but
seller upon furnishing such report shall not be in default for failure to" furnish such policy until ten days after
written demand therefor by purchaser. If the report on title or guarantee policy so required to be furnished by
the seller discloses any defects in title (other than such usual objections contained in owners policies and
the matters to which this sale is subject by the terms hereof), seller shall, upon tendering the same to purchaser
or his agent within twenty days from the date hereof, have sixty days from the date which such report or guar-
antee policy bears within which to cure such defects and to furnish such guarantee policy or a later report
showing such defects cured or removed. Every guarantee policy or report on title furnished by the seller
hereunder shall be c,onClusive evidence of good title as therein shown, subject only to the exceptions therein
stated. If such defects in title be not cured within said sixty days, purchaser may terminate this contract or
may, at his ~lection, take the title as it then is (with the right to deduct from the purchase price liens or
encumbrances of a definite or ascertainable amount), upon giving to seller or his agent notice of such election
and tendering performance on his part, and in default of such notice of election or tender of performance
within ten days after written notice to purchaser or his agent of the inability of seller to cure such defects this
contract thereupon shall, without further action by either party, become null and void. If this contract be
terminated except for purchaser's default, said earnest money shall be returned to purchaser.
If purchaser defaults hereunder, then, at the option of seller, said earnest money shall be forfeited as
liquidated damages and this contract thereupon shall become null and void.
(OVER)
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QUIT.CLAIM DEED-JOINT TENANCY (It,Jo11"'~~.
".
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NO. U9
GEO ECOLE 8< Co CHICAGO
L.EGAL BLANKS
tlCbis 3JnbentUte Witnessttb, That the Grantor........._,
mu.........._..._......~...~..t...B~~~.'....~...~.~l.........
...~~..__.lr__.....~:m..~____~,~~...~~.........~~.__~...J.~~~......_
of the......m.......nmmn.._......____..m.m...__.__....mm.m.....in the County 0 f_.....~........__.m.mmm__.......m__..m__m.......
and State. 0 f..____.__~m____.I.altL.lIm__m.m....._for the consideration 0 f.....................m.m...............m.....m.....
........1I11R1..._.__~.............m.l'..._~ll- __.. iJrJt~
Convey __n._ and Quit-Claim _...m. to .....m...mm.mm..mmm....m........__..m.__........m..m..mm..._....................m..m...m....
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~......_.---........................--_.....-...............................-_..-.._-..--......................-......----.................-.......................--....-.............................................-..........--................................-....--....-................--......--.............................-
of the....m.............__.u.m..mm.u..h............m....--..............;.min. the .Countv of---.IIIk----............-.-. and
State of.....nm..II~~mm........m..m..............._not as tenants in common, but as joint tenants,
all interest in thefollowing desctibedreal estate, to..wit:__M.....t..._...I_.IaIlII".,
...i8...I..'........~..;..M4l.._.........,...JJ._Hi...........I...lIlMI&ntt....t
.pUt .1 .. ... !aU' ., idle. ......., ..... .t ...... 11. w..
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.............-.--.-----...-.........-.-----------......--------------------------..........-.------------...........-..--......................-.--------------................-..----------..-----..............................................-
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situated in the County ot...m___.....~~.........__m____m__...........mm.............jn the State of lllznols, hereby
expressly declaring that the estate conveyed shall pass, not in tenancv in common, but in
joint tenancy, and hereby re.leasing and waiving all rights under and by virtue of the
Homestead Exemption Laws of the State of illinois. F
Witness the hand..noand seal...__of the said grantor..._thiS.................__S.~m.............m~....day
of...................~.<?:.6m_.ououA. lJ. 19..m'-.1.
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