HomeMy WebLinkAboutOrd 3606 02/04/1986ORDINANCE NO. 3606
AN ORDINANCE AUTHORIZING THE SALE OF CERTAIN REAL
ESTATE OWNED BY THE VILLAGE"OF MOUNT PROSPECT, ILLINOIS
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD
OF TRUSTEES THE 4th DAY
OF~__, 1986.
Published in pamphlet form by
the authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
5th day of February , 1986
ORDINANCE NO. 3606
AN ORDINANCE AUTHORIZING THE SALE OF CERTAIN REAL
ESTATE OWNED BY THE VILLAGE OF MOUNT PROSPECT, ILLINOIS
WHEREAS, the Village oF Mount Prospect, Illinois owns
the following described real property:
Lots 1, 2 and 3 in Gregory's Resubdivision of
Lot 33 (except the West 0.78 feet thereof),
tot 34 and Lot 35 in Northwest Hills Country
Club Subdivision, being a Subdivision of part
of the Southwest Quarter of Section 11,
Township 41 North, Range 11 East of the Third
Principal Meridian in Cook County, Illinois.
Also, the West half of South We-Go lrail East
of and adjoining tot 35 aforesaid lying South
of the North line of tot 35 extended East.
which property is commonly known as 1100, 1010 and 1008 West
Lonnquist Boulevard, Mount Rrospect, Illinois and is currently
vacant and consists of three contiguous lots each of which
contains sufficient area and frontage, and is zoned and
classified for development for single family residence purposes;
and
WHEREAS, the President and Board of Trustees of this
Village have determined that it is no longer necessary, appro-
priate or in the best interest of the Village that it retain
title to the said real estate; and that said real estate is not
required for the use of, or profitable to the Village; and
WHEREAS, it is the further determination of the
Rresident and 8card of Trustees of the village that the best
interests of the Village and its residents will be served by
offering the subject real estate for sale pursuant to the
advertisement for bids thereon as provided for in Section 8.514
of the Village Code of Mount Rrospest, Illinois.
NOW THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND
80ARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSRECT, COOK COUNTY,
ILLINOIS, AS FOLLOWS:
SECTION ONE: The President and Board of Trustees of
this Village to herein adopt as facts the recitals hereinabove
set form.
SECTION TWO: The Village owned real estate hereinabove
described and determined herein to be surplus property and no
longer necessary, appropriate or required for municipal use,
shall be sold pursuant to the publication of a notice of proposal
to sell, as hereinafter set forth; said notice to be published
once each week for three successive weeks in ~h_e_ Daily Herald, a
newspaper published daily in the Village of Mount Prospect,
Illinois. The First publication for bids shall not be less than
thirty (30) days before the date provided in the notice for the
opening of bids For the sale of subject real estate, and all such
bids shall be acted upon at a regular meeting of the President
end Board of Trustees of this Village as provided for in Section
8.514 of the Village code of Mount Prospect, Illinois.
SECTION THREE: The Village Clerk is hereby authorized
and directed to publish the notice referred to in Section 2
hereof, in the following Form:
"NOTICE OF SALE OF CERTAIN RESIDENTIALLY
ZONED REAL ESTATE OWNED BY THE VILLAGE OF
MOUNT PROSPECT, AND INVITATION TO BID
THEREON.
PLEASE TAKE NOTICE THAT the President and
Board of Trustees of the Village of Mount
Prospect, Illinois will receive sealed bids
for the purchase, under tbe successful bid,
of the fee simple interest in the following
described real estate:
Lots 1, 2 and 3 in Gregory's Resub-
division of Lot 33 (except the West 0.78
feet thereof), Lot 34 and Lot 35 in
Northwest Hills Country Club Sub-
division, being a Subdivision of part of
the Southwest Quarter of Section 11,
Township 41 North, Range 11 East of the
Third Principal Heridian in Cook County,
Illinois. Also, the West half of South
We-Go Trail East of and adjoining Lot 35
aforesaid lying South o¢ the North line
of Lot 35 extended East.
which property is commonly knowo as ~006 , 1004 and 1002 West
Lonnquist Boulevard, Mount Prospect, Illinois, and is vacant.
Said property consists of three contiguous lots, containing
sufficient lot area and frontage and zoned and classified for
development for single family residence purposes.
Bidders shall bid on the purchase of each lot
separately. No bid on lots 1 and 2 shall be less than $43,000,
and no bid on lot 3 shall be less than $47,000.
Bids are hereby invited and will be received by the
Village Manager at the Village Hall, 100 South Emerson Street,
Mount Prospect, Illinois, during normal business hours, Monday
through Friday and until 10:00 a.m. CST on the loth day of March,
1986. Bids shall be in writing and shall be in sealed envelopes
addressed to Terrance L. 8urghard, Village Manager, Village of
Mount Prospect, 100 South Emerson Street, Mount Prospect,
Illinois, and shall bear the legend "Proposal for the Sale of
Vacant Residential Lots" and shall also have the name and the
address of the bidder printed thereon.
All bids shall be accompanied by a cashiers or certi-
fied bid check, made payable to the Village of Mount Prospect, in
the amount of ten (10%) percent of the total bid price, which
payment shall guarantee that the successful bidder will enter
into a contract fcc the purchase of the property in question and
complete the same in accordance with the amount of his bid. The
bid check of the successful bidder or bidders shall be applied as
an earnest money deposit on execution of the contract as herein-
after described for tile sale of the subject real estate.
All bids received will be publicly opened and read
aloud at 10:00 a.m. CST in the Trustees' Room, second (2nd) Floor
of Village Hall, and shall thereafter be submitted for action by
the President and Board of Trustees at their regular meeting on
the 18th day of March, 1986; said meeting to commence at
8:00 p.m. CST.
A contract may be awarded to the bidder who submits the
highest bid for each lot to be sold or to that bidder whose bid
is Found to be in the best interests of the Village by a vote of
three-fourths (3/4) of the Corporate Authorities of the Village.
The Village reserves the right to reject any and all bids and to
~aive any informalities or irregularities in the bidding. The
President of the Board of Trustees further reserves the right to
review and study any and all bids and to make an award within
thirty (30) days following the bid opening. The successful
bidder shall execute a contract substantially in the farm, terms
and provisions of the contract adopted by Ord±namce ¢3606, copies
of which are available for examination by bidders at the office
of the Village Clerk.
BY ORDER OF THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF MOUNT PROSPECT, ILLINOIS.
Village Clerk, Mount Prospect, Illinois
SECTION FOUR: The subject real estate shall be sold
pursuant to a Contract substantially in the form, and containing
the terms and provisions as set forth in the Real Estate Sale
Contract, a copy of which is attached hereto and made a part of
this Ordinance by reference. There shall be added to said
Contract the name of the successful bidder-purchaser, the amount
of the purchase price and the amount of ths earnest money
deposit, and such other further provisions as are deemed
necessary pursuant to the bid proposal. The Village President
and the Village Clerk ars hereby authorized and directed to
execute said Contract on behalf of the Village and to execute and
attest to such other documents as may be necessary to the
conveyance of the subject real estate herein authorized.
SECTION FIVE: This Ordinance shall be in full force
and effect from and after its passage, approval and publication
in pamphlet form in accordance with law.
PASSED and approved this 4th day of February , 1986.
AYES: Arthur,
NAYS: None
ABSENT: None
Farley, Floros,
Murausk±s, Van Geem, Wattenberg
ATTEST:
VILLAGE CLERK