HomeMy WebLinkAboutOrd 4785 03/20/1996 ORDINANCE NO. 4785
AN ORDINANCE AUTHORIZING THE SALE OF REAL PROPERTY
OWNED BY THE VILLAGE OF MOUNT PROSPECT
Passed and approved by
the President and Board of Trustees
the 20th day of March ,1996
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
20th day of March ,1996.
CAM
2~6~6
ORDINANCE NO.4785
AN ORDINANCE AUTHORIZING THE SALE OF REAL
PROPERTY OWNED BY THE VILLAGE OF MOUNT PROSPECT
WHEREAS, the Village of Mount Prospect is a Home Rule Municipality, as provided in
the Constitution of the State of Illinois; and
WHEREAS, the Village of Mount Prospect holds title to property legally described as:
That part of Lot Seven (7) in Owner's Division (hereinafter described) as
follows: Beginning at a point on the West Line of said Lot 7, 697.0 feet
North of the southwest corner of said Lot 7; thence East parallel with the
south line of said Lot 7, a distance of 80.0 feet; thence North parallel with
the West line of said Lot 7, a distance of 125.0 feet; thence West parallel
with the South line of said Lot 7, a distance of 80.0 feet to the West line of
said Lot 7; thence south on the West line of said Lot 7, a distance of 125.0
feet to the place of beginning in Owner's Division, being a Subdivision of
the southeast Quarter (except the West Half of the southwest Quarter
thereof) of Section 10, Township 41 North, Range 11, East of the Third
Principal Meridian, Cook County, Illinois;
hereinafter referred to as "Subject Property"; and
WHEREAS, the Subject Property was originally deeded to the Village of Mount Prospect
by the Trustees of Schools of Township 41 North, Range 11 East, for the use and benefit
of Community Consolidated School Distdct No. 59, a duly established governmental entity
in the State of Illinois, for the purpose of providing a detention basin; and
WHEREAS, it has been determined by the Village of Mount Prospect that a water tower
will not be established on the Subject Property therefore it would be in the best interest
of the Village to return the Subject Property to the Trustees of Schools of Township 41
North, Range 11 East, for the use and benefit of Community Consolidated School District
No. 59; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have
further determined that since the Trustees of Schools of Township 41 North, Range 11
East originally deeded this site to the Village that it is fair, reasonable and just that the
property be returned to the Trustees of Schools for nominal monetary consideration and
that the furthering of goodwill between the two taxing entities, the recognition of each
others best interests and the transfer of responsibility for the Subject Property is sufficient
consideration for the return of the Subject Property; and
WHEREAS, the President and Board of Trustees have determined that the Subject
Property is no longer necessary, appropriate or required for municipal use and that due
to the nature of the transaction, no real estate contract is necessary.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That it has been determined by the corporate authorities of the Village
of Mount Prospect that the recitals set forth above are true and correct.
ell Property
Detention Basin
Page 2 of 2
SECTION TVVO: That the corporate authorities of the Village of Mount Prospect have
determined that a water tower will not be established on the Subject Property and do
hereby exercise its Home Rule powers by returning ownership of the Subject Property to
the Trustees of School of Township 41 North, Range 11 East, for the use and benefit of
Community Consolidated School Distdct No. 59.
SECTION THREE: That the Village President is hereby authorized and directed to sign
and the Village Clerk to attest his signature on a Quit Claim Deed conveying the Subject
Property to the Trustees of School of Township 41 North, Range 11 East, for the use and
benefit of Community Consolidated School District No. 59, which Quit Claim Deed shall
be recorded with the Cook County Recorder of Deeds.
SECTION FOUR: This Ordinance shall be in full force and effect from and after its
passage, approval and publication in pamphlet form in the manner provided by law.
AYES: Clowes, Hendricks, Hoefert, Corcoran, Wilks
NAYS: None
ABSENT: Skowron
PASSED and APPROVED this 20t:h day of March , 1996.
ATTEST:
Carol A. Fields
Village Clerk