HomeMy WebLinkAboutOrd 4211 08/07/1990 ORDINANCE NO. 4211
AN ORDINANCE AUTHORIZING THE SALE OF
CERTAIN PROPERTY OWNED BY THE VILLAGE OF MOUNT PROSPECT
443 WEST RAND ROAD
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 7th day of ... August... , 1990
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
.. 8th day of . A~gu~t , 1990.
CAF/
6/27/90, 7/2/90, 7/17/90, 8/1/90
ORDINANCE NO. 4211
AN ORDINANCE AUTHORIZING THE SALE OF CERTAIN
PROPERTY OWNED BY THE VILLAGE OF MOUNT PROSPECT
443 WEST RAND ROAD
WHEREAS, the corporate authorities of the Village of Mount Prospect
have determined that the property hereinafter is not longer
necessary, appropriate, useful, profitable to, or for the best
interests of the Village of Mount Prospect; and
WHEREAS, the corporate authorities find it in the best interests
of the Village of Mount Prospect to sell the real estate legally
described as follow:
Lot 4 in Block 3, in Prospect Meadows, a Subdivision of the
West 1/2 of the Southwest 1/4 of Section 27, Township 42
North, Range 11 East of the Third Principal Meridian according
to plat recorded December 9, 1949 as Document 14692921 all in
Cook County, Illinois
said property being commonly known as 443 West Rand Road, Mount
Prospect, Illinois.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That a sale of the property described in SECTION TWO
hereof be and the same is hereby directed to be made under terms
and conditions meeting the approval of the corporate authorities
of the Village of Mount Prospect, in accordance with the statutes
of the State of Illinois.
SECTION TWO: That the Clerk of the Village of Mount Prospect be
and is hereby directed to cause public notices to be advertised
for bids for such property to be published once each week for three
successive weeks in The Daily Herald, Mount Prospect Journal, Mount
Prospect Times and said notices shall be in substantially the
following form:
" SALE OF LAND
NOTICE TO BIDDERS
Notice is hereby given that the Village Manager of the Village
of Mount Prospect, Cook County, Illinois, will receive bids
at the office of the Village Manager, 100 South Emerson
Street, until 5:00 P.M. on September 4, 1990, for the purchase
of a parcel of land owned by the Village of Mount Prospect
located at 443 'West Rand Road. The Bid Proposals for the
purchase of certain land presently owned by the Village of
Mount Prospect, will be opened and publicly read at the
regular meeting of the Village Board, beginning at 7:30 P.M.
on September 4, 1990. Any such proposal shall be in the form
of a standard real estate contract form accompanied by earnest
money in cash, certified check, or cashier's check in the
amount of 10% of the offer (bid proposal).
This particular vacant parcel, commonly known as 443 West Rand
Road, Mount Prospect, Illinois, is zoned R-1 (Single Family
residence), as established in a Restrictive Covenant as
Document No. 14707743, along with utility easements, which
property is legally described as follows:
43 East Rand Road
Page 2 of 2
Lot 4 in Block 3, in Prospect Meadows, a Subdivision of the
West 1/2 of the Southwest 1/4 of Section 27, Township 42
North, Range 11 East of the Third Principal Meridian according
to plat recorded December 9, 1949 as Document 14692921 all in
Cook County, Illinois.
Prospective bidders and interested persons may review the
location notes at the Village Hall, 100 South Emerson Street,
Mount Prospect, in the office of the Village Clerk. The
Village of Mount Prospect reserves the right to reject any and
all bids.
By Order of the Mayor and Board of Trustees of the Village of
Mount Prospect.
Gerald L. Farley, Mayor "
SECTION THREE: That bids received in response to said
advertisement for bids shall be opened by the corporate authorities
at their regular meeting of the Village Board beginning at 7:30
P.M. on Setember 4, 1990, at the Senior Citizen Center, 50 South
Emerson Street, Mount Prospect.
SECTION FOUR: That within fifteen (15) days after the bid opening
and the successful bidder has been determined and that bid
accepted, the Village shall return the earnest money, by certified
mail or in person, to the unsuccessful bidders.
SECTION FIVE: That within thirty (30) days after a bid is
accepted, the successful bidder shall tender to the Village the
consideration specified in the bid accepted and upon receipt of
such consideration the President and Clerk of the Village of Mount
Prospect shall thereupon cause the necessary legal documents to be
issued on behalf of the Village of Mount Prospect to the successful
bidder for the subject real estate. The corporate authorities of
the Village of Mount Prospect will furnish a warranty deed with a
good and merchantable title, subject to standard exceptions
including but not limited to easements in favor of the Village of
Mount Prospect.
SECTION SIX: That 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: Arthur, Busse~ Floros, Van Geem, Wattenberg
NAYS: Corcoran
ABSENT: None
PASSED and APPROVED this 7th day of AUgust , 1990.
Village President
ATTEST:
Carol A. Fields
Village Clerk