HomeMy WebLinkAboutRes 31-07 07/17/2007
RESOLUTION NO. 31-07
A RESOLUTION TO AUTHORIZE THE VILLAGE OF MOUNT PROSPECT
TO ACCEPT TITLE TO CERTAIN PROPERTY DONATED TO THE
VILLAGE OF MOUNT PROSPECT - 902 ARDYCE AND 608 MEIER LANES
WHEREAS, the Village of Mount Prospect is a home rule municipality and pursuant to the Illinois
Constitution, Article VII, Section 8, has certain powers which it is exercising; and
WHEREAS, the corporate authorities of the Village of Mount Prospect have determined that the
best interests of the Village of Mount Prospect would be best served by acquiring title to the
following real property ("Property"):
Commonly known as: 902 Ardyce Lane; Mount Prospect, Illinois, 60056; and
Commonly known as: 608 Meier Lane, Mount Prospect, Illinois;
The legal descriptions of which are set forth in Exhibits A and B, as hereafter described; and
WHEREAS, Loras, Inc., an Illinois corporation, is the owner of record of the Property, and has
agreed to donate said Property to the Village of Mount Prospect at no cost.
NOW, THEREFORE, BE IT ORDAINED, BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: Each of the Whereas paragraphs above are incorporated by reference into this
Section 1 and made a part hereof as material and operative provisions of this Resolution.
SECTION TWO: The Village of Mount Prospect agrees to accept the donation of the Property
and receive fee simple title to the Property.
SECTION THREE: The Quit-Claim Deeds, transferring to the Village of Mount Prospect the
Property located at 902 Ardyce Lane and 608 Meier Road, Mount Prospect, Illinois, copies of
which are attached as "Exhibits A and B", are hereby approved for appropriate execution and
recording. Such Quit-Claim Deeds, along with their legal descriptions, are incorporated into,
and made a part of this Resolution.
SECTION FOUR: Upon passage and approval of this Resolution by the appropriate vote of the
corporate authorities, the Village Manager and Village Clerk are authorized and directed to
execute and deliver such other instruments and documents as may be necessary or convenient
to consummate the transfer of title to the Property to the Village of Mount Prospect, and the
Village Clerk is hereby authorized and directed to file a certified copy of this Resolution, together
with a copy of the Quit-Claim Deeds conveying title to 902 Ardyce Lane and 608 Meier Road,
Mount Prospect, Illinois, to the Village of Mount Prospect, with the Cook County Recorder of
Deeds.
AYES:
Corcoran, Hoefert, Juracek, Korn, Lohrstorfer, Zadel
NAYS:
None
ABSENT:
None
PASSED AND APPROVED this 1 ih day of July, 2007.
.
~/f: ~~
Irv~na K. Wilks
Mayor
ATTEST:
'/7). ~4' c//,~
M. Lisa (...Angell \.
Village Clerk
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CORPORATION QUIT-CLAIM DEED
The Grantor, LORAS, INC., an Illinois
corporation, for and in consideration of the
sum of Ten and no/l00 Dollars ($10.00), and
other good and valuable consideration in hand
paid, CONVEYS and QUIT CLAIMS unto the VILLAGE
OF MOUNT PROSPECT, an Illinois Municipal
Corporation, 50 S. Emerson Street, Mount
Prospect, Illinois 60056, the following
described real estate situated in the County
of Cook, in the State of Illinois, to-wit:
Lot 38 in We3tgate Garden Subdivision, being a Subdivision of part of
the Northeast 1/4 of the Southwest 1/4 of Section 35, Township 42
North, Range 11, East of the Third Principal Meridian, in Cook County,
Illinois, according to the Plat thereof registered in the Office of the
Registrar of Titles of Cook County, Illinois, on July 27, 1976, as
Document Number 2884063.
PIN: 03-35-309-019-0000
Street Address: 902 Ardyce Lane, Mount Prospect, Illinois 60056
Dated this (.>- day of July, 2007
LORAS, INC.
BY:~
" - President
-J ..
Attest: Y~~r~
STATE OF ILLINOIS
SS
COUNTY OF COOK
I, the undersigned, a Notary Public in and for and residing in
said County, in the State aforesaid, DO HEREBY CERTIFY that PATRICK K.
CALLERO, President of LORAS, INC., and FRANK J. CALLERO, Secretary of
said Company, personally known to me to be the same persons whose names
are subscribed to the foregoing instrument, appeared before me this day
in person and acknowledged that they signed and delivered the said
instrument as their own free and voluntary act, and as the free and
voluntary act of said Company for the uses and purposes therein set
forth; and that said Secretary then and there acknowledged that said
Secretary as custodian of the corporate seal of said Company did affix
the corporate seal of said Company to said instrument as said
Secretary's own free and voluntary act and as the free and voluntary
act of said Company, for the uses and purposes therein set forth.
GIVEN under my hand and notarial seal this /"Yli.- day of July,
2007.
,.~-'"~~~~
"OFFICI.A .'-oiL"
Dennh, ,;:~an
Notal)' Pui;'ic. :i'I' :;' Illinois
My Commiss;(' ; ; "i/26/2010
~~~
N6tary Public
'::~,:;;.e:.~~t;~;~;p,.
My commission expires: ~ y~ '0 [0
This Instrument prepared by:
DENNIS D. SASSAN, Attorney at Law
7788 N. Milwaukee Avenue
Niles, Illinois 60714
Send Subsequent tax bills to:
VILLAGE OF MOUNT PROSPECT
50 S. Emerson Street
Mount Prospect, Illinois 60056
After recording MAIL TO:
LANCE C. MALINA, Attorney at Law
20 N. Wacker Drive, Suite 1660
Chicago, Illinois 60606-2903
2
COOK COUNTY
REAL ESTATE TRANSfER DECLARAOON
[he following Is required by the Coqk County Real Property Tax Ordinance effeCtive
September 1, 1993. Any transferor of Iransfer8e who fails to file with the Recorder a real
lfOp8rty transfer declaration as required by Section 7 of thIS ordinance or a SUpplemental
:ransfer declaration as required by Section 10 of this otdinance or willfully falsifies the value
" transferred real estate, shaI be subject to a; penalty equal to the amount of the applicable
:ax; and shaft be fined an amount not to exceed $1000.00 or Imprisoned for a period not to
iXC88d six months, or both.
:xcept as to Exempt TransactioI18, the Recorder Is prohibited by taw from accepting any
teed, assignment or other instrumeI1t of ttansf8r tor recordation unless It Is accompanied by
I declaration containing an of the information requested IhereIn.
ItROPERTY IDENTIFICATION:
\ddressofProperty 902 Ardyce Lane
Street or Rural Route
Recorder's Validation
Mount Prospect
CIty
60056
Zip eo.
Jate of Deed
.July 12, 2007
Type of Deed
T~sNp Wheeling
Qui.t Claim Deed
2ermanent Real Estate Index No.
03-35-309-019-0000
rYPEOF PROPERTY:
] Single F8mlly ,
] Condo, co-op
] 4 or more units (residential)
] Mixed use (commer. & resld.)
o Commercial
o Industrial
KWacant Land
o Other (attach description)
INTEREST TRANSFERRED
IQ Fee titfe
o Beneficial Interest in a land trust
.0 Lessee Interest in a ground lease
o Controlling interest In real
estate entity (ord. Sec. 2)
o Qther (attach descr1pUon)
l.EGAL DESCRIPTION:
~ 35 lWp. 42
:Use additional sheet, If necessary)
Range
11
COMPUTATION OFTAX:
FuI actual consideration S
Less amount of personal property
Included In purchase $
Net c:onsIderatlon for reaJestate $
Leas amount of mortgage to which
property remains SUbject $
.......0...-
See Attachment for Legal Description
...0....
Net tuabJe consideration
$
...0....
Amount of tax stamps
($.25 per $500 or part thereof)
$
o
'TTESTATION OF PARTIES: We hereby declare the ~ actual consideration and ab<Mt facts contained In this declaration to be true and carre
Loras, Inc. 7800 N. Milwaukee Ave., Niles, IL 60714
Name and Address of Seller (Please Print) Street or Rural Route City Zip Coc
Signature:
Seller or Agent
Village of Mount Prospect
Name and Address of Buyer (Please Print)
Signature:
50 S. Emerson St., Mount Prospect, IL 60056
Street or Rural "Route CIty
ZlpCoc
Buyer or Agent
Jse space below br tax maling address, if different from above.
EXEIIPTTAANSFERS
(Check the AppnJprIate Box)
Exempt transfers are subject to the requirement contained in subsection 7(c) of this ordinance.
7(c) "No transfer shall be exempt from the tax imposed by this ordinance unless the deQiaration
describes the facts supporting the exemption and Is accompanied by such supporting
documentation as the Recorder may reasonably require.-
o A. Transfers of real property made prior to May 21, 1979 where the deed was recorded after that date or
assignments of beneficial interest in real.property dated prior to August 1, 1985, where the assignment was delivered
on or after August 1, 1985;
';('8. Transfers involving real property acquired bY or from any governmental body or acquired by any corporation,
society, association, foundation or institution organized and operated exclusively for charitable, religious or educational
purposes or acquired by any international organization not subject to local taxes under applicable law; .
(('(('Y of IRS granting tax exempt status must be attached)
o C. Transfers in which the deed, assignment or other instrument of transfer secures debt or other obligations;
o D. Transfers in which the deed, assignment or other instrument of transfer, without additional consideration,
confirms. corrects, modifies, or supplements a deed, assignment or other instrument of transfer prevtously recorded or
....
delivered; .
o E. Transfers in which the transfer price is less than $100.00;
o F. Transfers in which the deed is a tax deed;
o G. Transfers in which the deed, assignment or other instrument of transfer releases property which secures debtor
other obfegations; ..
.J H. iransfers in which the deed isa deed of partition; provided, however, that if a party receives a share greater than
its undivided interest In the. i'eaI property, then such party shall be liable for tax computed upon any conSideration paid
for the excess;
d I. Transfers between a subsidiary corporation and its parent or between subsidiary corporations of a common
parent either pursuant to a plan of merger or consolidation or pursuant to an agreement providing for the sale of
substantially all of the seller's assets;
o J. Transfers from a subsidiary corporation to its parent for no consideration other than the cancellation or surrender
of the subsidiary's stock and transfers from a parent corporation to Its subsidary for no oonsiderationother than the
issuance or delivery to the parent of the subsidiary's stock;
o K. Transfers made pursuant to a confirmed plan of reorganization as provided under section 1146 (c) of Chapter 11
of the U.S. Bankruptcy Code 9f 1978, as amended;
Provide bankruptcy court docket number:
o L Deeds representing transfers subject to the imposition of a documentary stamp tax imposed by the government
of the United States, except that such deeds shall not be exempt from fiIng the declaration; and
o M. Transfers in which the deed or other instrument of transfer is issued to the mortgagee or secured creditor
pursuant to a mortgage or security interest foreclosure proceeding or sale or pursuant to a transfer in lieu of
'^~~.....".
Lot 38 in Westgate Garden Subdivision, being a Subdivision of part
of the Northeast 1/4 of the Southwest 1/4 of Section 35, Township
42 North, Range 11, East of the Third Principal Meridian, in Cook
County, Illinois, according to the Plat thereof registered in the
Office of the Registrar of Titles of Cook County, Illinois, on July
27, 1976, as Document Number 2884063.
PIN: 03-35-309-019-0000
Street Address: 902 Ardyce Lane, Mount Prospect, Illinois 60056
c
d
Write additional parcelldentlflers and lot sizes or acreage in Step 3.
4 Date of Instrument -!L..1-1 ~ ~ ~-2
Month ~r
5 Type of Instrument (Mark wIltIlIl "X."): _ Warranty deed
'_ A.-Quit claim deed _ Executor deed _ Trustee deed
_ Beneficial Interest _ Other (epecIIy):
6 _ Yes .1L No WIIlhe property be lhe buyer's principal residence?
7 _ Yes 1L- No Was the property advertised for sale?
(I. ... meda, Iign. fMIWIP8PIr. reaJIar)
8 Identify the property's current and Intehded primary use.
Current InhInded (Mark only one ItMn per cOlumn wlltl an 'X.")
a~ ~ Land/IOt only
b _ _ Residence (tlngle-famIIV, conctomlnlum. tawnhome. or duplex)
c_ _ Mobile home residence
d_ _ Apartment building (8unitlorleu) No.oIunitl: -
e_ _ Apartment bulldlng.(CMI' 8 unlll) No. 01 unItr. -
,_ _ OffIce
9_ _ Retail establishment
h_ _ Commercial building (epecIIy) :
I _ _ Industrial building
1_ _Farm
k_ _ Other(lI*IfY):
Step 2: Calculate the amount of transfer tax due.
Note: Round Linel11through 18 to the next highest whole dollar. If the amount on Une 11. (Net $1 niIIIon and the propertY. Q.lrrert use on LJne'8
above is marlc8d Me,''''f~ Mg,M1\"'~ or "I<,M complete Form PTAX.203-A, IIInoIs Real EstaI81h1ns11r DecI8rBIlon SUppIem8nt8I Form A. If you 818 laCOtdllg
a beneftciallnterest transfw. do not compIele this step. CompIel8 Form PTAX.203-B. IIlInoi8 Real Estat81l'an8f8r DecIaIatIon Supplemllltal Form B.
11 Fun actual consideration 11' ~"O ..."
128 Amount of personal property included In the purchase 128 ·
12b Was the value of a mobile home included on Une 12a? 12b - Yes x No
13 Subtract Une 128 from Une 11. This Is the net consideration for real property. 13. ,",,If='
14 Amount for other real property transferred to the sener (In a simultaneous exchange)
as part of the full actual consideration on Une 11
15 Outstanding mortgage amount to which the transferred real property remains sublect
16 If this transfer is exempt. use an .X" to identify the provision.
17 Subtract Unes 14 and 15 from Une 13. Thl. II the net consideration lubfect to nn.r tax.
18 Divide Line 17by 500. Round the result to the next highest whole number (..g.. 81.002 rounds to 62).
19 Illinois tax stamps - multiply Une 18 by 0.50.
20 County tax stamps - multiply Une 18 by 0.25.
21 Add Unes 19 and 20. Thll ,. the total amount of nnsfer tax due.
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PTAX-203
Illinois Real Estate
Transfer Declaration
Please read the instructions before completing this form.
This form can be completed electronically at tax.iJllnoI8.gov/retd.
Step 1: Identify the property and sale Information.
1 902 Ardyce Lane
SlrHt addreu 01 property lor 811 add"". If available)
Mount Prospect
City or '1iIIage
Wheeling
TOWI\IIhip
2 Write the total number of parcels to be transferred. 1
3 Write the parcel Identifying numbers and lot sizes or acreage.
Parcel Identifying number Lot size or acrugl
a 03-35-309-019~0000
b
60056
ZIP
. County:
i!
M D:<te:
.5~.e Doc~ No.:
t Vol.:
?:
88 Page:
Received by:
9 Identify 8Iff significant physical change. in the property since
January 1 of the previous year and write the cI8t8 of thl change.
Date of significant changl:___'_, - ---
(Mark willi III "X. , Monlh ......
_ DemoI\IkInIdan' _ AddIIonI _MaJor nmodeIIng
_ New construction _ Other (tpeCIIy):
10 Identify only the Items that apply to thl8 sale. (M8Ik witIllll"X.'
a _ Fulfillment of Installment contract - year contract
initiated: ____
b _ Sale between related individuals or corporate affiliates
c _ Transfer of 1888 than 100 percent Interest
d _ Court-ordered sale
e _ Sale In lieu of foreclosure
f _ Condemnation
g _ AuctIon sale
h _ SeilerJbuyer Is a relocation company
I _ Sellerlbuyer 18 a ftnanclallnstltutlon or. government agency
I _ Buyer 18 a real estate Investment trust
k _ Buyer 18 a pension fund.
I _ Buyer 18 an ad)acent property owner
m_ Buyer Is exercising an option to PUrchBSl
n _ li'ade of property (simultaneous)
o _ SaI.lea88back
P .:..-- Other (1!*IfY):
q _ Homeate-.ci exemptions on most recent tax bUl:
1 General/Alternative S
2 Senior Cltlzent S
3 Senior CItIzens Assessment Freeze S
.
S
.1Lb
$
14
15
18
17
18
19 .
20 .
21 $
_k
-0-
o
o
o
u
_m
Page 1 0/4
Step 3: Write the legal description from the deed. Write, type (minimum 10-point font required), or attach the legal description
from the deed. If you preter, submit an "8t/l" x 11" copy of the extended legal description with this form. You may also use the space below to
write additional parcel identifiers and lots sizes or acreage from Step 1, One 3'.
See Attachment for Legal Description
Step 4: Complete the requested Information.
The buyerand...ler ('<<Jlfi:-_~bMtol"lcnawfIdae. f1JII.... 8nd fIl:ta lIlated In this dIcIlIraIiDn "'~cornICI. It
this lr8iIIICtlon ~ a re lac:li In Cook ... _and (or iii ~ to'" bMtolthelr llnawleclae.lhe name ofllle Itlown on
Ihe deed or a IMd INIt a In 011 auItI lid to do I5uiIneI8 (J( lItle to
=...rr~ lIIdIr ~doof~ar=. ~:.:_ I ~==L~SEl"Il..:m:.
~haUbe~'rdl:.~' Indalor"'~~:' A ~.-...OftinXlIUbm..afalll ..idInlItYoI QIIIItH
Seller Information (....... print.)
Loras, Inc.
Seller's or trust.... I1lI/llII
7800 N. Milwaukee Ave.
s_~__)~
~d'/.a:v:. "
........ <<-- -
B~r~'rlt'qBa~r (~~rr8~nt.p r os pec t
Selllr'1 trust fU1lber (If applicable . not In SSN or FEIN)
Niles IL 60714
City StaIlI ZIP
( 847 ) 966-2040
SeIler's daytime phonl
Buyer'1 or IGlnrllignatUre
Mall tax bill to:
8uyer'a 1NIt number (It appIIc8bIe ",not 1/1 SSN or FEIN)
Mount Prospect IL 60056
CIty . Stm ZIP
( 847 ) 392-6000
8uyer'a ~ phonI
Buyer'1 or trustll'l naml
'50 S. Emerson St.
Street address (aftlr sale)
City State ZIP
.-
Name or company Streit addreu
Preparer Information (P..... print.)
Dennis D. Sassan
Pteperer's and company'l name
7788 N. Milwau~e.
Sl~~~~
Preparer'lllgnGn
Prepare(l1I11 number (If applicable)
Niles IL 60714
City State ZIP
( 847 ) 966-0400
P,....... daylIme pI1Ol\8
PrepIRr'l e-md IdchIe (If awlIIbII)
Identify any required documenta submitted with this form. (Mark wIIh III "X.1 ~ Extended legal descrlptIon _Form PTAX-203-A
Itemized list of personal property Form PTAX-203-B
ocomp
1___ ___ ___ ____ ____
County Townahip c.... Cook.MInor Code 1 Code 2
2 Goard of Review's final assessed value for the assessment year
prior to the year of sale.
Land
Buildings
Total
3 Year prior to sale_ _ _ _
4 DOli the sale Involve a mobile home assessed as
reaI.state? _ Yes _ No
5 Comments
-'---'---'---
-,---,---,---
--,--_._--,---
, ;ilinols Department of Revenue Use
Tab number
Page 2014
PTAX-203 (R-8i05)
Lot 38 in Westgate Garden Subdivision, being a Subdivision of part
of the Northeast 1/4 of the Southwest 1/4 of Section 35, Township
42 North, Range 11, East of the Third Principal Meridian, in Cook
County, Illinois, according to the Plat thereof registered in the
Office of the Registrar of Titles of Cook County, Illinois, on July
27, 1976, as Document Number 2884063.
PIN: 03-35-309-019-0000
Street Address: 902 Ardyce Lane, Mount Prospect, Illinois 60056
~",l;:'~~:'i ;':':~~:::~)~~f,"::~ti'::':::~I:~: ;:::~"~;::~;: :::::r;:lu~~:" j~~~
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CORPORATION QUIT-CLAIM DEED
The Grantor, LORAS, INC., an Illinois
corporation, for and in consideration of the
sum of Ten and no/100 Dollars ($10.00), and
other good and valuable consideration in hand
paid, CONVEYS and QUIT CLAIMS unto the VILLAGE
OF MOUNT PROSPECT, an Illinois Municipal
Corporation, 50 S. Emerson Street, Mount
Prospect, Illinois 60056, the following
described real estate situated in the County
of Cook, in the State of Illinois, to-wit:
Lot 39 in St. Cecilia Subdivision, being a Resubdivision of Lot 2 and
part of Lots 3 and 6 in Meier Brothers Subdivision, being a Subdivision
of parts of Sections 10 and 15, Township 41 North, Range 11, East of
the Third Principal Meridian, in Cook County, Illinois, according to
the Plat thereof registered in the Office of the Registrar of Titles of
Cook County, Illinois, on December 26, 1978, as Document Number
3067889.
De-registration certificate recorded as Document Number 92-654712 in
the Office of the Recorder of Deeds of Cook County, Illinois on
September 3, 1992.
PIN: 08-10-304-004-0000
Street Address: 608 Meier Road, Mount Prospect, Illinois 60056
Dated this (J- day of July, 2007
By:
President
a
1 / .
At t est. /. 1...../~.,,~:..,~-t,'.--Ej.._..e._'t____t)
, //'Se~r~tary
,
:,
STATE OF ILLINOIS
SS
COUNTY OF COOK
I, the undersigned, a Notary Public in and for and residing in
said County, in the State aforesaid, DO HEREBY CERTIFY that PATRICK K.
CALLERO, President of LORAS, INC., and FRANK J. CALLERO, Secretary of
said Company, personally known to me to be the same persons whose names
are subscribed to the foregoing instrument, appeared before me this day
in person and acknowledged that they signed and delivered the said
instrument as their own free and voluntary act, and as the free and
voluntary act of said Company for the uses and purposes therein set
forth; and that said Secretary then and there acknowledged that said
Secretary as custodian of the corporate seal of said Company did affix
the corporate seal of said Company to said instrument as said
Secretary's own free and voluntary act and as the free and voluntary
act of said Company, for the uses and purposes therein set forth.
GIVEN under my hand and notarial seal this /1.1':1. day of July,
2007.
"OFFICl "S:EAL"
Denn!;,assan.
Notaly p~, ';; :;, :)',~ie I;lfJmooi!> '
My Comm.1~;;':'[\SxP, ~11JJ!il '
~r.r~.J)J!I~'~':~
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Notary Public
My commission expires:
~ y{j Yri fo
(/
This Instrument prepared by:
DENNIS D. SASSAN, Attorney at Law
7788 N. Milwaukee Avenue
Niles, Illinois 60714
Send Subsequent tax bills to:
VILLAGE OF MOUNT PROSPECT
50 S. Emerson Street
Mount Prospect, Illinois 60056
After recording MAIL TO:
LANCE C. MALINA, Attorney at Law
20 N. Wacker Drive, Suite 1660
Chicago, Illinois 60606-2903
2
COOK COUNTY
REAL ESTATE TRANSFER OECLAAAnON
The following is required by the ~k County Real Property Tax Ordinance effeetlve
September 1, 1993. Any transferor of transferee who fails to file with the Recorder a real
JfOp8rty transfer declaration as required by Section 7 of thIS ordinance or a supplemental
:ransfer declaration as required by SectIon 10 of this ordinance or wilfully falsifies the value
)f transferred real estate, shaH be subject to a, penalty equal to the amount of the applicable
:ax; and shall be fined an amount not to exceed $1000.00 or Imprisoned for a period not to
iXC88d six months. or both.
:xcepJ as to Elcempt Transactions. the Recorder is prohibited by law from accepting any
:teed. assignment or other instrument of transfer for recordation unless it is accompanied by
I declaration containing all of the information requested therein. Recorder's Validation
I'ROPERTY IDENTIFICAnoN:
'ddress of Property 60 8 Me i e r Road
Street or Rural Route
Mount Prospect
City
60056
Zip Cod
Jate of Deed
,July 12, 2007
Type of Deed
Township
Quit Cl"im Deed
Elk Grove
2ermanent Real Estate Index No.
08-10-304-004-0000
. ..~. '
rYPE OF PROPERTY:
] Single Family'
] Condo, co-op
] 4 or more units (residential)
] Mixed use (commer. & resld.)
o Commercial '
o Industrial
KPtIacant Land
o Other (attach description)
INTEREST TRANSFERRED
m Fee title
o Beneficial Interest in a land trust
.0 Lessee Interest In a ground lease
o Controlling Interest In real
estate entity (ord. Sec. 2)
o Other (attach description)
loEGAL DESCRIP11ON:
Sec. 10 & 15 lWp. 41
:Use additional sheet, If necessary)
Range
11
COIIPUTAnoN OFTAX:
FuI actual' consideration $
Less amount of personal property
Included In purchase $
Net consideration for real ,estate $
lesS amount of mortgage to which
property remains subject $
""....o....~
See Attachment for Legal Description
...0....
Net taxable consideration
$
....0.....
Amount of tax stamps
($.25 per $500 or part thereof)
$
o
'TTESTAnoN OF PARnES: We hereby declare the fu~ actual consideration and above facts contained in this declaration to be true and correc
Loras, Inc. 7800 N. Milwaukee Ave~, Niles, IL 60714
_ond_"'_~ _or__ cay
Signature: ~
Seller or Agent
Village of Mount Prospect
Name and Address of Buyer (Please Print)
Zip Cod
50 S. Emerson St., Mount Prospect, IL 60056
Street or Rural 'Route City
Zip Cod
Signature:
Buyer or Agent
Jse space below for tax mailing address, If different from above.
EXEIIPTTAANSFEAS
(Check .... ApproprIate Box)
Exempt transfers are subject to the requirement contained in subsection 7(c) of this ordinance.
7(C) -No transfer shall be exempt from the tax imposed by this ordinance unless the ~aration
describes the facts supporting the exemption and is accompanied by such supporting
documentation as the Recorder may reasonably require."
o A. Transfers of real property made prior to May 21, 1979 where the deed was recorded after that date or
assignments of beneficial interest in real property dated prior to August 1, 1985, where the assignment was delivered
on or after August 1, 1985;
o B. Transfers involving real property acquired bY or from any governmental body or acquired by any corporation,
society, association, foundation or institution organized and operated exclusively for charitable, religious or educational
purposes or acquired by any international organization not subject to local taxes under appI"lC8bIe law; .
(C(! f},/ of IRS granting tax exempt status must be attached)
o C. Transfers in which the deed, assignment or other instrument of transfer secures debt or other obligations;
o D. Transfers in which the deed, assignment or other instrument of transfer, without additional consideration,
confirms, corrects, modifies, or supplements a deed, assignment or other instrument of transfer previously recorded or
...
delivered;
o E. Transfers In which the transfer price is less than $100.00;
o F. Transfers in which the deed is a tax deed;
o G. Transfers in which the deed, assignment or other instrument of transfer releases property which secures debtor
other obligations; ..
J H. fransfers in which the deed is,a deed of partition; provided, however, that if a party receives a share greater than
its undivided interest in the. i'eaI property, then such party shall be liable for tax computed upon any conSideration paid
for the excess; ,
o I. Transfers between a subsidiary corporation and its parent or between subsidiary corporations of a common
parent either pursuant to a plan of merger or consolidation or pursuant to an agreement providing for the sale of
substaQtially all of the seller's assets;
o J. Transfers from a subsidiary corporation to its parent for no consideration other than the cancelation or sunvnder
of the subsidiary's stock and transfers from a parent corporation to Its subsidary for no consideration other than the
issuance or delivery.to the parent of the subsidiary's stock;
o K. Transfers made pursuant to a confirmed plan of reorganization as provided under section 1146 (c) of Chapter 11
of the U.S. Bankruptcy Code of 1978. as amended;
Provide bankruptcy court docket number:
o L Deeds representing transfers subject to the imposition of a documentary stamp tax imposed by the government
of the United States, except that such deeds shall not be exempt from filing the declaration; and
o M. Transfers in which the deed or other instrument of traOSfer is Issued to the mortgagee or secured creditor
pursuant to a mortgage or security interest foreclosure proceeding or sale or pursuant to a transfer in lieu of
foreclosure.
Lot 39 in St. Cecilia Subdivision, being a Resubdivision of Lot 2
and part of Lots 3 and 6 in Meier Brothers Subdivision, being a
Subdivision of parts of Sections 10 and 15, Township 41 North,
Range 11, East of the Third Principal Meridian, in Cook County,
Illinois, according to the Plat thereof registered in the Office of
the Registrar of Titles of Cook County, Illinois, on December 26,
1978, as Document Number 3067889.
De-registration certificate recorded as Document Number 92-654712
in the Office of the Recorder of Deeds of Cook County, Illinois on
September 3, 1992.
PIN: 08-10-304-004-0000
Street Address: 608 Meier Road, Mount Prospect, Illinois 60056
a
b
c
d
Write additional perce/identifiers and lot sizes or acreage in Step 3.
4 Date of Instrument ~..1- I ~ ~ ~-2
Month "'.r
5 Type of instrument (Ma/tC wIttl en -X~ ): _ Warranty deed
"_ -Z- Quit claim deed _ Executor deed _ Trustee deed
_ Beneficial Interest _ Other (epeclfy):
6 _ Yes .1L No W111he property be \he buyer's principal residenCe7
7 _ Ves 1L- No Was the property advertised for sale? '
(1.... medii. .. fMIWIPlIP8I'. reaItDr)
8 Identify the property's current and Intended primary use.
Current Intended (M.rtt only one IWm per column wlItl en "X:')
a.2L .2L Land/IOt only
b _ _ Residence (Iing\.lamlly. c:ondominIum. \OWIIIIClI1I8. or duplex)
c_ _ Mobile home residence
d_ _ Apertment building (8 unill or Iua) No. 01 unitl: -
e_ _ Apartment bulldlng'(CIY8r 8 unlit) No. 01 unitl: -
f _ _ Office
9_ _ Retail establishment
h_ _ Commerdal building (.peclIy):
I _ _ Industrial building
1_ _Farm
k_ _ Other (1pIdfy):
Step 2: Calculate the amount of transfer tax due.
Nota: Round Unes 11lhrough 18 to the next highest whole c:IoIB'.lf the amount on Une 1118 aRr $1 I1'iUIon and the propertYs aJrnR use on Line ,8
above is martced .e," 1; "g,. '1\,"'; or "k," complete Form PTAX-203-A, IIUnoI8 Real Estate 1lw1sf8r DecIar8IIon SuppIem8ntaI Form A. If you 818 r~dillg
a beneftciallnterest transfer, do not compIet8lh1s step. Complete Form PTAX-203-B, IIIInoI8 Real Estate "Itansfer DecIaraIIon SuppIemelllal Form B.
11 Fullactual consideration 11 S ~...:O......
128 Amount of personal property included In the purchase 128 S
12b Was the value of a mobile home included on Una 1281 12b - Yes x No
13 Subtract Una 128 from Una 11. This Is the net consideration for real property. 13 S ""'~
14 Amount for other real property transferred to the seller (In a simultaneous exchange)
as part 0' the full actual conslc:laratlon on Une 11
15 Outstanding mortgage amount to which the transferred real property remains sublect
16 If this transfer is exempt. use an .X" to identify the provision.
17 Subtract Lines 14 and 15 from Una 13. Thla la the net conllderatlon lubJect to tranafer laX.
18 DMde Line 17 by 500. Round the result to the next highest whole number (..g.. 81.002 ~ to 62).
19 Illinois tax stamps - multiply Une 18 by 0.50.
20 County tax stamps - multiply Une '8 by 0.25.
21 Add Lines' 9 and 20. Thll I. the total amount of tranafer tax due.
Thl. Iorm is aulhorlUd In accordanc. wiltI 35 ILCS 2OCW1-1 ., Nq. DIIcIoIur8 oIltlll informallon
is REQUIRED. Thlslorm hll been approved by the Forms Management Center. IL-492-0227
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PTAX-203
Illinois Real Estate
Transfer Declaration
Please read the Instructions before completing this form.
This form can be completed electronically at tax.illinols.gov/retd.
Step 1: Identify the property and sale Information.
1 608 Meier Road
SlIe.t addre.. 01 property (or 911 adclreu. If availabll)
Mount prospect
CI1y Of '1iI.
Elk Grove
T~
2 Write the total number of parcels to be transferred. 1
3 Write the parcel Identifying numbers and lot sizes or acreage.
Parcel Identifying number Lot size or acreage
08-10-304-004-0000
60056
ZIP
. County:
dD'~
.sj DOC'. No.:
~~.,
8 B Page:
Receiyed by:
9 Identify II'tf signiftc8nt physical changes in the property since
January 1 of the pnMous year and wrlta the date of the change.
Date of significant changI:~'_ I - ---
(Mark with an "X. 1 Monlh 't1Iar
_ 0erncIIIIIarVda _AdcIIIanI -Majarremod8lng
_ New construction _ Other (tpeCIIy):
10 Identify only the iteme that apply 10 this sale. (M8Ik wIlI\ In "X. 1
a _ Fulfillment of Installment contract - year contract
initiated: ____
b _ Sale between related individuals or corporate affIliat.
e _ Transfer of lese than 100 percent interest
d _ Court-ordered sala
e _ Sale In lieu of foreclosure
f _ Condemnation
g _ Auction sale
h _ SellerJbuyer Is a relocation company
I _ Sellenbuyer Is a ftnancIallnstltutlon or. government agency
J _ Buyer Is a real estate investment trust
k _ Buyer Is a pension fund.
I _ Buyer 18 an adjacent property owner
m_ Buyer Is exercising an option to purchase
n _ Trade of property (simultaneous)
o _ Sale-Ieaseback
p ~ Other (1I*ifY):
q _ Homestead exemptions on moat recent tax bill:
1 GeneraUAlternattve S
2 Senior CitlZer'll S
3 Senior CItIzenI Assessment Freeze S
S
S
.Lb
$
14
15
18
17
18
19 S
20 S
21 $
_k
-D-
O
o
o
u
_m
Page 1 014
Step 3: Write the legal description from the deed. Write, type (minimum 10-polnt font required), or attach the legal description
from the deed. If you prefer, submit an aw' x 11. copy of the extended leqaJ description with this form. You may also use the space below to
write additional parcel identifiers and lots sizes or acreage from Step 1, Une 3.
See Attachment for Legal Description
Step,4: Complete the requested Information.
The buyer and ~let (orlh8lr~., ~rJ"~lhe, bHtollheir ~ ~.1hI f\III.,..CllIlIlcIIrallo.. fIcla ItIted In" decIwdDn ..true IIIdcorNGt.lf
this lrIiIucIIOn.irMIMII ... Ioc:li In Cook Iv. the ~ IIlCI lor ~ vS-' to \he be.aaftNlr IinawIedae. IwIlllM of\he~ an
Itle deIcl or , VI alMd tNlt a . .. or lid to do DuiIneeI or lltIe 10
__~~ .!'!!".............._ 1.<<' ~~~~ -<<
~uir811ld "'- tItIi to._ _ 01 the Stall 01 I"". wIlo or~~~ .....sh'iilb; _ oIaewa
~h;,~~C'l:.~' ..ator \:l'==:.~:" AmIIdemeInor~IloOftiiiiUlUbmttla"" concemlngttlelCllnlttYoIagranta
Seller Information (pt.... prInL)
Lor as, Inc.
Salle,.. or truat.... IlIIIM
7800 N. Mil~v.e.
Str~~ ' r'
Seller'. or agent'a signaturI
B~!~lr~~a~p (~8~nt.prospect
SeIIIr'I truIt runber (If appl/oabIe . not.. SSN or FEIN)
Niles
City
( 847 ) 966-2040
SelIII'a daytime phone
IL
State
60714
ZIP
BuyWa truat number ,(If lIJ)PIIcaI:lle " nol an SSN or FEIN)
Mount Prospect IL 60056
Clly State ZIP
(847 ) 392-6000
Bu)'n daytIrne phone
Buyw'I or tl'U8tee'l name
50 S. Emerson St.
Street add.... (after sale)
Buyer'. or agent'llignItUre
Mall tax bill to:
SIr8et lIddnt..
City
Stale
ZIP
!,lmne or comp~
Preparer Information (P1eae print.)
Dennis D. Sassan
Prep""" and c:omp8lly'. IlIIIM
7788 N. Milwaukee Ave.
Slr~~
preparer'allgnature
Preparel'a file number (If appllcable)
Niles IL 60714
c~ ~ ~
( 847 ) 966-0400
P,..,.,.... daytime phone
preperwl'1 e-mail adchu (If 1IY8IIabIe)
Identify any required documenta submitted with this form. (Mark with 11'I "X., ~ Extended legal description
_ itemized net of personal property
_Fonn PTAX-203-A
Form PTAX-203-B
ocomp
1 ___ ___ ___ ____ __
County TOWNhip Clau Cook-MInor CadI 1 Coda 2
2 Board of Review's final assessed value for the assessment year
prior to the year of sale.
Land
Buildings
Total
3 Year prior to sale_ _ _ _
4 Does the sale Involve a mobUe home assessed as
real estate? _ Yes _ No
5 Convnents
-'---'---'---
-,---,---.---
--.---.---.---
, 'iHnols Department of Revenue Use
Tab number
Page 2 of4
PTAX-203 (R-&'05)
Lot 39 in St. Cecilia Subdivision, being a Resubdivision of Lot 2
and part of Lots 3 and 6 in Meier Brothers Subdivision, being a
Subdivision of parts of Sections 10 and 15, Township 41 North,
Range 11, East of the Third Principal Meridian, in Cook County,
Illinois, according to the Plat thereof registered in the Office of
the Registrar of Titles of Cook County, Illinois, on December 26,
1978, as Document Number 3067889.
De-registration certificate recorded as Document Number 92-654712
in the Office of the Recorder of Deeds of Cook County, Illinois on
September 3, 1992.
PIN: 08-10-304-004-0000
Street Address: 608 Meier Road, Mount Prospect, Illinois 60056