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HomeMy WebLinkAboutOrd 5442 07/06/2004 kad 6/2/04, 6/8/04 bh 6115/04 vw: 717104 ORDINANCE NO. 5442 AN ORDINANCE VACATING CERTAIN PROPERTY (PUBLIC RIGHT OF WAY) OWNED BY THE VILLAGE OF MOUNT PROSPECT WHEREAS, the Village of Mount Prospect is an Illinois Home Rule Municipality; 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 served by vacating that portion of unimproved right of way, legally described as follows: That part of a public street, known as S. Kenilworth Avenue, lying South of the North line of lots 15 and 16 extended and lying North of the South line of Lots 15 and 16 extended in Northwest Hills Country Club, a Subdivsion of parts of the Southwest % of Section 11, Township 41 North, Range 11, East of the Third Principal Meridian, in Cook County, Illinois generally located at Kenilworth Avenue, Mount Prospect, Illinois; and WHEREAS, the public right of way being the subject of this Ordinance shall benefit adjacent property owners; and WHEREAS, the Village of Mount Prospect shall benefit by receiving fair market value for the right of way; and WHEREAS, the corporate authorities of the Village of Mount Prospect have determined that the Village of Mount Prospect has no need for that portion of right of way being the subject of this Resolution, and that the best interests of the Village will be served by selling the vacated right of way to the owner of Lot 1 in the Viken's Subdivision. NOW, THEREFORE, BE IT ORDAINED, BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS ACTING IN THE EXERCISE OF THEIR HOME RULE POWER: SECTION ONE: The corporate authorities of the Village of Mount Prospect have determined that the best interests of the Village would be served by vacating the public right of way legally described above and it is hereby vacated. Page 2/2 Kenilworth ROW vacation SECTION TWO: Upon passage and approval of this Ordinance by the appropriate vote of the corporate authorities, the Village Clerk is hereby authorized and directed to file a certified copy of this Ordinance, together with a copy of the Viken Plat of Resubdivision indicating the vacation parcel being the subject of this Ordinance, with the Cook County Recorder of Deeds. SECTION THREE: The selling price of $285,000 is at least the equivalent of the fair market value of the portion of the right of way being vacated. SECTION FOUR: This Ordinance is subject to the following condition: 1. The subject property and adjoining land included in the Viken Plat of Resubdivision shall maintain a minimum forty-foot front yard setback. SECTION FIVE: 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 and at such time as the purchaser has paid $285,000 to the Village of Mount Prospect. AYES: Hoefert, Lohrstorfer, Skowron, Wilks, Zadel, Farley NAYS: None ABSENT: Corcoran PASSED AND APPROVED this 6th day of July, 2004. ATTEST: /~ ~ I f¡ , " '7 ve,11!:f03: X Pl,- Village Clerk H:\CLKO\files\WIN\ORDINANClVacate Kenilworth ROW-V:ken Plat,Jt;neO4,doc