HomeMy WebLinkAboutRes 03-66 01/11/1966
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RESOLUTION NO. 3-66
A RESOLUTION FOR THE PURCHASE OF LAND ADJACENT TO THE MOUNT
PROSPECT,PUBLIC LIBRARY
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, said site, hereinafter more fully described, would pro-
vide the Mount Prospect Public Library with additional necessary land and
with a site for possible future expansion of the'library building, and
WHEREAS, said site can be purchased for the sum of $33,500.00,
and have appropriated $16,000.00 for the acquisition of land in its budget, and
WHEREAS, the Village of Mount Prospect has appropriated approximately
$90,000.00 for the acquisition of land, and
WHEREAS, the Board of Library Directors have agreed to purchase said
site from the Village of Mount Prospect at a price of $33,500.00 at the fol-
lowing terms; $16,000.00 at the time of execution of a contract to purchase
the said property, and the balance of $17,500.00 at a rate of $3500.00 per
annum, commencing on September 1, 1966, and
WHEREAS, The President and Board of Trustees of the Village of Mount
Prospect have reviewed the aforesaid matter 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 as a site for
future expansion of the library building, and
WHEREAS, the President and Eoard of Trustees have determined that
shall not be issued for the cost of acquiring such site;
NOW THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF
OF THE VILLAGE OF MOUNT PROSPECT, ILLINOIS:
SECTION ONE: That the Village of Mount Prospect, Illinois, purchase
following described property:
Lot 9 in Block 4 in Busse and Wille's Resubdivision in
Mount Prospect in the West 1/2 of Section 12, Township
'.. " qj;r~North ,rRange!011~'Ea~t ~ of thckTl1ird Principal Merian
in Cook County, Illinois.
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SECTION TWO: That the purchase price of the aforementioned property
is not to exceed the sum of $33,500.00 and said purchase price shall be paid
to WALTER H. BEIGEL, the Vendor, from the funds appropriated for the acquisi-
tion of land by the Village of Mount Prospect.
SECTION THREE: That legal title of the aforementioned property shall
be in the name of the "VILLAGE OF MOUNT PROSPECT, ILLINOIS, a Municipal Cor-
poration".
SECTION FOUR: That the Village of Mount Prospect, as owner of the
aforesaid property, shall enter into a contract to sell' "wxth the Board of
Direcotrs of the Library Board of the Village of Mount Prospect, as Yendee,
for the sum of $33,500.00 payable as follows: $16,000.00 at the time of
execution of the contract and the balance of $17,500.00 at a rate of
$3,500.00 per annum, commencing on September 1, 1966.
SECTION FIVE: With the approval of the Board of Trustees, the
President is authorized to sign, execute and deliver, and the Clerk to attest
to same, a contract ot purchase, as per copy attached hereto, for the here-
toforementioned real estate pursuant to the terms and amount heretoforementione .
SECTION SIX: 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 AND APPROVED THIS 11th
ATTEST:
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