HomeMy WebLinkAboutRes 09-66 02/22/1966
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RESOLUTION NO. 9-66
A RESOLUTION APPROVING A RESOLUTION OF
THE BOARD OF LIBRARY DIRECTORS OF THE
VILLAGE OF MOUNT PROSPECT WITH RESPECT
TO THE PURCHASE OF CERTAIN REAL ESTATE
WHEREAS, the Board of Library Directors of the Village of Mount Prospect have
determined to purchase a site for use by the public library of the Village of
Mount Prospect, and
WHEREAS, the Village of Mount Prospect is the fee simple owner of said real
estate, to wit:
Lot Nine (9) in Block Four (4) in Busse and
Wille's Resubdivision in Mount Prospect in
the West Half (1/2) of Section 12, Town 41
North, Range lIt East of the Third Principal
Meridian
WHEREASt the Board of Library Directors of the Village of Mount Prospect
have determined to spread the cost of purchasing such site over a five year
period, and'
WHEREAS. the Board of Library Directors of the Village of Mount Prospect
has transmitted to the President and Board of Trustees of the said Village its
Resolution No. 1966, passed and approved January 17, 1966, a certified copy of
which is attached hereto as Exhibit 1, and which is by this reference made a
part hereof, with respect to the purchase of the site described therein for a
consideration of $33,500.00, payable $16,000.00 on the execution of a contract
to purchase the said property and the balance of $17,500.00 at a rate of
$3,500.00 per annum, commencing on September 1, 1966, and
rmEREAS, the President and Board of Trustees of the Village of Mount
Prospect have reviewed the aforesaid Resolution of the said Board of Library
Directors and are of the opinion that the site proposed to be purchased is
needed to provide additional necessary land for the public library of the Village
of Mount Prospect and with a site for future expansion of the library building,
and
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WHEREAS, the President and Board of Trustees has determined that bonds
shall not be issued for the cost of acquiring such site;
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF MOUNT PROSPECT.. ILLINOIS:
SECTION ONE: That the purchase of the above-described property by the Board
of Library Directors of the Village of Mount Prospect on the terms and conditions
set forth in a certain Resolution No.. 1966 of the said Board of Library Directors,
passed and approved January 17~ 1966 hereinabove referred to as Exhibit 1, to this
Resolution be, and the same is hereby approved.
SECTION TWO: That the Village President is herein authorized to execute the
contract for a warranty deed (copy attached hereto) on the property referred to
herein.
SECTION THREE: This Resolution shall be in full force and effect from and
after its passage and approval in the manner provided by law.
AYES: 6
NAYS: 0
PASSED this 22nd day or February
, 1966.
APPROVED this 22nd
day of
February
, 1966.
ATTEST:
~II~
V~llage Clerk
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BOAFD 01" DJFEC'IOHS .
l!;OUNT PHOSPECT FUBLIC LIBHt,RY
VI LLAGE OF MOUNT PROSPECT
HESOLTJTION NO. 1966
WHEREAS, the Board of Directors Hount Prospect Fublic Library
of the Village of Mount Prospect have determined that Hount
Prospect Public Librnry is in need of an additional site for the
exi.st.i nr, li.br~H'Y buildine; and to provide space for future ex-
pDnsionof trlE' libr"\TY building, and
WHEREAS, the property hereinafter more fully described would
p:rovi de the IV10unt Prospect Public Library with additional
npcessary land and with a site for possible future expansion
of the library building, and
IrHJEREAS, the Board of Directors Mount Prospect Public Library
have been offE:~red the opportunity to purchase the property here-
inafter nescrjbed and esti.mate that the said property could be
purchased for the sum of $33,500.00, and
WHEREAS, the Board of Directors llIount Prospect Public Library of
the Village of Mount Prospect desires to purchase the said pro-
perty pursuant to a contract for warranty deed payable over a
term of no more than five years, and
vJHEREAS, the Village of llIount Prospect, Illinois, a municipal
corporation, shall be the legal title holder of the said pro-
perty, and
1:JHEREAS, t.rH? He soluti on No. 1 q65 pas sed and approved by thi s
Board of Directors Mount Prospect Public Library for the Village
of Mount Prospect on December 8, 1965, would result ih a greater
financial expenditure than had been ag.r~ed_upon by '!1.his Board,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS MOUNT
PROSPECT PUBLIC LIBRARY OF THE VILLAGE OF MOUNT PROSPECT
SECTION OHE: That the Board of Directors Mount Prospect Public
Library of the Village of Mount Prospect rescind and repeal
Resolution No. 1965 passed by this Board on December 8, 1965.
SECTION TWO: That the Board of Directors Mount Prospect Public
Library of the Village of Mount Prospect purchase the following
described property:
Lot 9 in Bleck 4 in Busse and Wille's Resubdivision
i n ~;onnt Prospe ct in the "'Ie st 1/2 of Se ction 12,
Township 41 North, Range 11 East of the Third
nrincipal Meridian, in Cook County, Illinois.
SECTION THREE: That the Board of Directors t.1ount Prospect.
i"11b11c r.-i brr!ry of UwVi 11 c:1v,e of J'v1()llnt Prospect enter into a
cert.ain 1'01\1 ('~;tr\lc contri'..et to purchase said real est.at~
h('re tc~ forpr1enti (\Ded, f'or a sum not to pxceed $~3, 500.00 from
i)I(' Vl1]rq;e "I' ~1()unt !!l'li:;P0.ct; over 'I five yen}' period paynble
,,;',1(1,00(1.00 on the (')ft'clltion or tlw f'ontract to purchase the
8:11d pr()Pt'~rty nnd tlw l':llance of ,}1'7,L100.00 at a rate of
~~3,~OO.OO per anrnlm, commencing on September 1, 1966;
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ARTICLES OF AGR EEM ENT FOR W Mey DEED
FORM 75
GEO E COLE Be Co CHICAGO
LEGAL BLANKS
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.~ ~ , Articles of Agreement, lIfAlJK this::==_~7.~_~_-:..::__:__:::-:.:___:::::___'::::~-.::::~:::::oo:'da~' of
-=:-=:-J:anuar.y.~:=:::-::,,,.:::-.-:==:in the vear of our Lord One Thousand Kine Hundred and.:=::.six:t.y~Six.:_::-::;:__:.:::=(19 .6.6_0._
Between-~::::::.::'~::-:..~~_~...Y~~_~~_~_~_n~~oo~?~~.~...~~~~~~_~~_!.__~___~_~~~_~~_~~~_oo:~~~~~~_~~_?~___~~:::=~~~~_~~~s t
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partv of the first part, and.oo.___th~Jl2~!'_g_n2_fnP.!r_~~_1:9.~~___<?~.n!D__~_J~9.~n~_.J~!'g~.P_~~_!;.__r~p..J._;.gn.~JP..r_~r.Y.oo._
.==_,,=-'::--"~====_-:::=_=:=_=o:::-=______________.oo_.......__.__._..___._.._________,_..__,===o==____==____,=______;__"~,=,._~,.party of the second part:
Witnesseth, That, if the party of the second part shall Illst make the payment,; and perform the covenants hereinafter men-
tioned on ::=~~~_::::_::::::::.:.::_::.=:::jjiirt to be made and performed, the said party of the Ilrst part hereby covenants and agrees to
convey and assure to the said party of the second part, in fee simple, clear of all incumbrances whatever, bV a good and sufficient
Warranty lJeed, the lot___.,9.,.'/l>>a___=,.",.~.m.n.'Jj1tJMi"tlMJt!.situated in the County of-:::::_C.9_Q&::::_:::_:-_::~:::.::~:::_::::..:::_:::~=::=
_Illinois --------------------- .
and State 01_____._________..___.___00_________________________..______________.____________.Known and descnbed as=,~o.;=_:=,.:_.:_~-_.,,...:,,=_.,"'o,"'"',.,=''',._=,=:.
__.___..._...Lot...9___in...Bl..o_ck___~..._in_.B.us.s_e....&....Hille..~.s....Re.:;B.d:~Q.iy.i~.i9.n___i.n....MQ.y..p.:~....~Ql$.p.~~:t.-..iIL---------.-
__.___ ......:th-e.__W.es.t...half___(.1/2.).___of-..Section...12.....!ownship....~~..Nor.th-t....Range...ll.....East_.._.________.____._
......._......o.f...the._..!h.:i;r.Q.__.P.;r._i.P...c.ip-.~.J.._.._M.~r.ig.~~p.....i.p.....c.Q9.~.._c.Q~p.~y..t....J:+.:+..~~9..~_~='=-:::=::::::::-- --...-.-----------
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and the said party of the second part hereby cOlJenants and agrees to pay to the said party of the first part the sum of_oo_______________
.J._hiJ'."!;:y_:'."!;:_h~~.~...."!;:_hQ.~__~n<!__iJ.y_~____D__~_~4_r_~_g..._(~_~_~.I_~_Q_Q.!..Q_Q.>-~::::.':.:_:_:.':_:::::_.:I)ollars in the manner folwwing:
_.S.b,t.e.e_n...t.hQ~s.gnQ...-t~-l-6.-..Q-Q.Q-Jl.Q,o.}..-.p..Q.l_J,..~r~....~t....t.h~...tj,m~_..Qf...~~~~~.~9.P...g_:f.....~.D_J..~..._~_9.~~_~~~:~ ;
..the...balance...of...S.ey_e.n:t_~.~n.__tb.Qy.~.~.nQ.....f.i.Y.~....b.y..n4.~~4....4.Q:+.:+.~;r.~...($..~?.I.~.9..9.~.9.9.>.....~_1:...-~.--~~~-~--.--
..o.f.___Thr.ee...thousand-..f.i.vs---hundr.ed...(.$3.t.5.0.0...0.0.)....dQllar.s_..per....annum...~~mm.enc.ing.__S.e.P.t.~:'
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llJith interest at the rate ol=,._=:none.....________oo....mnller centum per annum payable'--::---;~::.....---.....-..-.--::::-.:::.-:--:::::;;===::Jl1l11U411y
on the llJhole sum remaining from time to time unpaid, and to pay all taxes, assessments, or impositions thilt may be legallv levied or
imposed upon said land, subsequent to the yearn--m..m----~96-5-.--.---mm---.._- And in case of the failure of the said party 01 the
second part to make anv of the payments, or any part thereof, or perform any of the covenants on.Theoo.Li.1)toa.:rJl-.lW.ar1L
part hereby made and entered into, this contract shall, at the option 01 the party of the first part, be forfeited and determined, and
the party of the second part shall forfeit all payments made by.r.b-~.__~JP..r.~rY...~~-~~~on this contract, and luck payment,
shall be retained by the said party of the first part in full satisfaction and in liquidation of all damages by...:the.--!'Vill~g.$"
sustained.ana.::-~~~-n~~-~~-~~~-~~-~----------.-.shall have the right to re-enter and take possession of the premises aforesaid.
____..............____...._..___.._.....___...______......._______._.._u_.______....u.......................................u.....~==---=.--=::::::-=::---=-~-~--.-.------.-
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It is Mutually Agreed Bv and between the parties hereto. that the time of payment shall be of the essence 01 thi$
contrad; and that the covenants and agreements herein contained shall extend to and be obligatory upon the heiTl, ezecutOTl.
administrators and assigns of the respective parties.
In Witness Whereof, Tlte parties to these Presents have hereunto set their hands and seals, the dap and pear
Iirst above llJritten.
Board of Di:rectors of the Mount Prospect
Public Library
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Sealee Me Delivered, iB PreseBee of I
Approved and Accepted by:
..Vi"llage.-.PresIaentu....-.--..-..--.....------....-.....--.---....
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Presl.dent
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ARTICLES OF AGREEMENT FOR WONTY DEED
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GEO ECOLE 8c Co CHICAGO
LEGAL BLANKS
FORM 75
o
Articles of Agreement, KAIJE tltic:::=~?~_~~==:==::::::=.:::-:=~.=::=::=dav of
_____._cJanu.aJ:!y_=:_==in the vear of our Lord One Tltousand Kine Hundred and.:::-::.six:ty~Six.::_-:::;-_~:..::-::::(19.fi6m_
B --.-...--'--" The Village of Mount Pr'ospect. a municipal corporation of Illinois,
etween ..m......m_"m___m.._..m_______....m__.__..... ...... .... ........ ..... .....m.......mmmm.......m.........................__.m..m.._____mm---------.----=u
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partvof lite first part, and.-h---tQ~___~2_~!'.g__.2.~mP..~r.~~.~9.r.~___<?f...1h-.~.J~9.~-~~....r.!'.<?~I?~~.tJ~~PJ.~~_._~!P..r_?ry.m_
-. ------- - m__n._.____ ------ - ----.--------.-_n___.m__n_mmmm__m____mm__mm__.__m_.hmmmm---,==-"""=--:,~.partv of tlte second part:
Witnesseth, Tltat, if Ihe party of tlte second part sltall first make tlte payments and perform tlte covenants hereinafter men-
tioned on..-.....~:!:~.=:::=:::=::=___=__=:::paTt to be made and performed, tlte said party of tlte first part Iterebv covenants and agrees to
convey and assure to tlte said party of the second part, in fee simple, clear of all incumbrances wltatever, bv a good and sufllcient
Warranty IJeed, tlte lot"',,9-.-,~Jtl!e.==,~~;~.=~~XMI(.situated in tlte Oountv of-:=_C.9.Q~::::_:::.:.:.::.:_:::-::.::::::=::.:::::_:=:=
_.Illinois "_______________._ .
and State of --.----.------.--m.___________n__n______m___________._._______..____.._.known and descrzbed as.-=,o,.~,=~,o.:,..-.co-,~="~:,~,.,,~~:'~=:7_"'~.=_=.
-............LClt....9...in....B~o.ck...~....in...B.us.s.e....&....W.ille..!.s....Re.s.ub9.iyi.e.$..QD....in....M9.U.D.t....h9$.Pe.~:Lin.._.__.___.._
-..... ..---..:the-...Wes.t...half...(.l/2}...of...Section...~2.t...TOWIlship....~~..N.orth~....Range...ll.t...Eas:t.....--...m.----..
.........-....Qf..-:t.he....T.h.i;r9....J~;r.i.m;.i..P.~.J,.....~.~.:r.i.g.i.~.D....i.D....C.QQ~...c.Q~nty.t...JJ,J,..tF.9.J.~:==:::::::-=:::-----:...._....__..____
and tlte said party of the second part hereby covenants and agrees to pay to tlte said party of tlte first part the sum of_m..____________
..T.h;i._r.~y_:':'.thr.~.~....!hQusan.Q..JJ.Y..~___h-.~.~g_r.~.g.___{.$_?.?.I.~.Q.Q.~.Q.QJ~.~.~.~::::.:.:::::.:.~I)ollars in tlte manner followinJl:
..S-iKt-e_e.n...:t.hQu$.Q.Il9....t$..l.p.__.Q.Q.Q.".Q.Q_l....P..9.J...la.~~....a.t....t.b.e....ti.m~...9.f...~~~.~~!;A<?.~...g.:f.....th~.~....~.Q~!~~~~ ;
--the....halanCe...Clf...S~y..~m.t.~.~n.._t.h.9.1J.~.~.D.g....fi.Y.~....h1J.D.4.r.e.4....g9.J,J,~r~...(.$..P.I.?g.Q.!!g.Q.>'....~.~....~....~~!~____
-.oI....Thr-ee-..thousand...fivB...hundr.ed...C.$.3.,.5.0.0...0.o.);...dollar.s...per....annum....c.omm.e.n.c..i.ng.._S_e.Pt_e.m:-
.b.er...~,...~9.6.6.;:::::.:.:.::::':.:.-=-..___......m___....m..........m..............................:.....................................:.......:==:-:::.:::-::-::::::::-::::::.:::-::::::..~::_
...................-.............................m..._..._......___..m...m......................................................................................~~~..-.m___"'_.m._
....nnnn...... un__. .0.. nu.u ....... .n...... __...... __. .... __.. "u.... h..._ _.u. __On.._. '_u. '0_.. __. __...._. h.. ... .n.............._..u.......___._...
~..~~==...:::..........:.-:..:~~:~~~~~::::.............--.....::............:......:..................:............:...........................................................~......................~........~.......................~::..............................................................................................._~~.:.~~-..:_~..._~._~..-.._._~.
with interest at tlte rate ol=,~~=:nO:nJa.'_mm__m____.m..per centum per annum pavable'.-::,,=:=.:~::-::.-:::::,-:::_-:;;-:.,,::.-:::,,_:::::.:::.:::=::..::anluJ(Jlly
on tlte whole sum remaining from time to time unpaid, and to pay all taxes, assessments, or impositions tltat may be legally levied or
imposed upon said land, subsequent to tlte vear..._nmnm_.1.9S.5-_______________m__ And in case of tlte failure of tlte said party of tIze
second part to malce anv of the payments, or any part tltereof. or perform any of tlte covenants on.The.._Lihrar_y__.Bo_ar_d_
part kerebv made and entered into, this contract sltall, at tlte option of tlte party of tlte first part, be forfeited and determined, and
tlte party of tlte second part shall forfeit all payments made bv.r.b..~mI:oJp_r~rY_J?9_~!'.~on tltis contract, and sueh pavmellts
shall be retained bV tlte said party of tlte first part in full satisfactioll and in liquidation of all damages bV.mth~-__!!.Y...i.JJ..5lz.~"
sustained. ana:::_~~~m~~.~~_~:!:~_~~_~~_m___m...sltallltave the rigM to re-enter and take possession of tlte premises aforesaid.
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It is Mutually Agreed By and between tlte parties Itereto, tltat tlte time of payment sltall be of the essence of tltis
contract; and tlzat the covenants and agreements Iterein contained sltall extend to and be obligatory upon tlte heirs, executors,
administrators and assigns of the respective parties.
Whereof, Tlze parties to tltese Presents Itave Itereunto set their Itands and seals, tlte dav and vear
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Board of Directors of the Mount Prospect
Public Library
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