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HomeMy WebLinkAboutOrd 3007 06/03/1980 ORDINANCE NO. 3007 ORDINANCE AUTHORIZING SALE OF MUNICIPALLY OWNED REAL PROPERTY 5/13/80 5/27/80 NHEREAS, the Village c~f Mount Prospect owns the following described real propert~y: That part of the South 202.50 feet of the North 886.10 feet of that part of the North West 1/4 of the North East 1/4 of Section 34, Township 42 North, Range 11, East of the Third Pri~cipal Meridian, lying Southerly of the Center line of Rand Road (except the West 575.61 feet thereof) described as follows: Beginning at the intersection of the South line of the North 886.10 feet of the said North West 1/4 with the East line of the West 575.61 feet of the said North West 1/4; thence Northward along the said East line a distance of 202.50 feet; thence eastward along the South line of the North 683.60 feet of the said North West 1/4, a distance of 20.00 feet; thence Southward along the East line of the West 595.61 feet of %he said North West 1/4, a distance o? 183.50 feet; thence Eastward along the South line ©~ the North 867.10 feet of the said North West 1/4, ~ distance 271.66 feet; thence Southward at right angles to the last described course, a distance of 19.00 feet to a point on the South line of the North 886.10 feet of the said North West 1/4; thence Westward along the said~South line, a distance of 291.63 feet to the point of beginning, all in Cook County, Illinois which property is generally located at 203-11 East Rand Road in the Village of Mount Prospect and is currently used for open space; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have determined that it zs no longer necessary, appropriate, or in the best interest of the Village of Mount Prospect that it retain title to said real estate, and that said real estate is not required for the use of, or profitable./ to the Village; and WHEREAS, pursuant to Section 11-76-2 of the Illinois Municipal Code, Ill. Rev. Stat., c 24, ~11-76-2, notice has been given of the proposal to sell such real es%ate and bids have been invited for the purchase of such real estate, said notice having first been published on April 17, 1980, and having been published for three successive weeks in the Mount Prospect Herald, a newspaper of general circulation in the Village; and WHEREAS, pursuant to said notice~ bids were opened at the regular meeting of the President and Board of Trustees held on May 20, 1980; and HEREAS, the ~Ollowing bids for the purchase of such property have been received: BIDDER Michael Silbert, Nominee for abutting 'land owners AMOUNT $1.00 (One Dollar) and WHEREAS, the President and Board of Trustees find and determine that the best interests of the Village of Mount Prospect and its residents will be served by the acceptance of the bid submitted by 5{ichael Silbert, Nominee and the sale of the aforesaid real estate to such bidder for the amount bid of One Dollar ($1.80) amount represents the high bid; NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS, FOLLOWS: {ECTION ONE: The President and Board of Trustees find as facts .he recitals hereinabove set forth. ECTION TWO: The bid of Michael Si~ert, Nominee in the amount ($1.00) is hereby accepted by the Pre'dent and Board Trustees of the Village of Mount Prospect for the sale of the ~ described real estate: That part of the South 202.50 feet of the North 886.10 feet of that part of the North West 1/4 of the North East 1/4 of Section 34, Township 42 North, Range' 11, East of the Third Principal Meridian, lying Southerly of the Center line of Rand Road (except the West 575.61 feet thereof) described as follows: Beginning at the intersection of the South line of the North 886.10 feet of the said North West 1/4 with the East line of the West 575.61 feet of the said North West 1/4; thence Northward along the said East line a distance of 202.50 feet; thence eastward along the South line of the North 683.60 feet of the said North West 1/4, a distance of 20.00 feet; thence Southward along the East iine of the West 595.61 feet of the said North West 1/4, a distance of 183.50 feet; thence Eastward aIon9 the South line of the North 867.10 feet of the said North West 1/4, a distance 271.66 feet; thence Southward at right angles to the last described course, a distance of 19.00 feet to a point on the South line of the North 886.10 feet of the said North West 1/4; thence Westward along the said South line, a distance of 291.63 feet to the point of beginning, all in Cook County, Illinois 3 - SECTION THREE: The President is hereby authorized and directed ~o sign and the Village Clerk is hereby authorized and directed to attest a contract for the sale and purchase of the aforesaid real estate, which contract shall be in the form attached hereto as Exhibit A, ~rov~edthe Village.~byLh~date of~eeution, receives a correct¢ deed bearingthec~rre~leg~ descr~puono~tne prope'ty. SECTION FOUR: Upon satisfaction of the terms of the aforesaid contract and upon the payment of securing of the aforesaid bid price in the manner provided in said contract, the President is hereby authorized and directed to convey and transfer the afore- said real estate to abutting proper~ owners by a proper quit claim deed of conveyance, stating therein the aforesaid consider. tion, and the Village Clerk is hereby authorized to acknowledge and attest such deed and to affix thereto the seal of the Villag of Mount Prospect. SECTION FIVE: The President and the Clerk are hereby authorized~ respectively, to execute and attest such other documents as may be necessary to the conveyance herein authorized. SECTION SIX: This ordinance shall be in full force and effect from and after its passage, by a vote of at least three-fourths of the corporate authoriti~s now holding office, and approval in the manner provided by .Law. Passed this 3rd day of June , 1980. AYES: Farley, Floros,'?~ller, ~%rauskis, Richardson. l~attenberg NAYS: ABSENT: Approved this 3rd day of June , 1980. Approved: Attest: Vi~a ge' Pz/esident EAL ESTATE CONTRACT THIS MEMORANDUM WITNESSETH, that Seller, the Village of Mount Prospect, hereby agrees to sell, by ~'ecordable Quit Claim Deed, and Purchaser, the owners of property abutting the property commonly known as the "Mack Cadillac Buffer Strip", agrees to purchase, at the price of One Dollar ($1.00), the real estate situated in Cook County, Illinois, commonly known as 203 - 211 East Rand Road, Mount Prospect, Illinois, and legally described as follows: Thai: part of the South 202.50 feet of t'~e North 886.10 feet of that part of the North West 1/4 of the North East 1/4 of Section 34, Township 42 North, Range 11, East of the Third Principal Meridian,' lying Southerly of the Center line of Rand Road (except the West 575.61 feet thereof) described as follows: Beginning at the intersection of the South line of the North 886.10 feet of the said North West 1/4 with %he East line of the West 575.61 feet of the said North West 1/4; thence Northward along the said East line a distance of 202.50 feet; thence eastward along the South line of the North 683.60 feet of the said North West 1/4, a distance of 20.00 feet; thence Southward along the East line of the West 595.61 feet of the said North West 1/4, a distance of 183.50 feet; thence Eastward along the South line of the North 867.10 feet of the said North West 1/4, a distance 271.66 feet; thence Southward at right angles to the last described course, a distance of 19.00 feet to a point on the South line of the North 886.~10 feet of the said North West 1/4; thence Westward along the said South line, a distance of 291.63 feet to the point of beginning, all in Cook County, Illinois. Purchaser agrees to pay the purchase price at the time of closing in cash, provided a good and sufficient Quit Claim Deed conveying to Purchaser Seller's interest in said premises shall then be ready for delivery. The time of closing shall be on ..... , unless ubsequently mutually agreed otherwise, at the office of Ail notices herein required shall be in writing and shall be served on the parties at the following addresses: SELLER: Mr. Terrance L. Burghard Village Manager Village of Mount Prospect 100 South Emerson Street Mount Prospect, Illinois 60056 PURCHASER: Michael Silbert, Esq. Sears Tower Suite 6030 233 South Wacker Drive Chicago, Illinois 60606 The mailing of a notice by regi~tered or certified mail, return receipt requested, shall be sufficient serf"ice. In testimony whereof said partieis hereto set their hand and seals this day of , 1980. ATTEST; Villf~ge Clerk VILLAGE OF MOUNT PROSPECT, an Illinois Municipal Corporation Village P~esident By: ATTEST: