Loading...
HomeMy WebLinkAboutOrd 3632 04/01/1986 RDINANCE NO. 3632 AN ORDINANCE AUTHORIZING THE SALE OF CERTAIN REAL ESTATE O~ED BY THE VILLAGE CO~0NLY KNOWN AS 1004 WEST LONNQUIST BOULEVARD PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES THE 1st DAY OF April , 1986. Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois, the 2nd day of April ,1986. RDINANCE NO. 3632 AN ORDINANCE AUTHORIZING THE SALE OF CERTAIN REAL ESTATE OWNED BY THE VILLAGE COMMONLY KNOWN AS 1004 WEST.LONN.Q.UIS~.BOU~E.~ARD WHEREAS, the Village of Mount Prospect, Illinois owns the following described real property: Lot 2 in Gregory's Resubdivision of Lot 33 (except the West 0.78 feet thereof), Lot 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 Trail East of and adjoining Lot 35 aforesaid lying South of the North line of Lot 35 extended East. which property is commonly known as 1004 West Lonnquist Boulevard, Mount Prospect, Illinois and is currently vacant and has sufficient area and frontage and is zoned for development for single family residence purposes; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect did determine that the subject property is no longer necessary, appropriate 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 of Mount Prospect; and WHEREAS, it has been determined by the President and Board of Trustees of the Village of Mount Prospect that the best interest of the Village and its residents would be served by offering the subject real estate for sale by bid, pursuant to the procedures established in Ordinance No. 3606, passed and approved February 4, 1986. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION ONE: The President and Board of Trustees of the Village of Mount Prospect do hereby adopt as facts the recitals hereinabove set forth. SECTION TWO: ~dvertiYe 'the bidder, which The Village did, pursuant to Ordinance No. 3606, subject property for sale to the highest qualified sealed bids were opened on March 10, 1986. SECTION THREE: p~rchase of the Cassidy in the Contract. That the highest qualified bid submitted for the subject property was received from John C. amount of $75,011, along with a duly executed SECTION FOUR: That the President and Board of Trustees have rev'ie~ed""t'h'~ contracts and bids submitted and do hereby accept the bid submitted by John C. Cassidy for the subject property in amount of $75,011 and do hereby authorize and direct the Village onnquist Lot #2 Page 2 of 2 President and Village Clerk to execute the Contract to Purchase on behalf of the Village and to execute and attest to such other documents as may be necessary for the conveyance of the subject real estate being the subject of this Ordinance. SECTION FIVE: That this Ordinance Shall be in full force and effe'~t f~om and after its passage, approval and publication in pamphlet form in accordance with law. AYES: Arthur, Farley, Floros, Murauskis, Van Geem, Wattenberg NAYS: None ABSENT:None PASSED and APPROVED this ,lst day of April , 1986. ATTEST: Carol A. Fields' Village Clerk a~rolyn ~. Krause Village President John C. Cass%dy &~ces to pu~ch~ ~t a p~c~ of $ 7 5 t 011. O0 Real Estate $ ie .nt t (Purch; on the t~-~ns ~t forth herein, the foUowing desctth~d real Mount Prospect, Cook Coun~,lllJflois: Lot 2 in Gregory's Resubdivision of Lot 33 (except the West 0.78 feet thereof), Lot 34 and Lot in Northwest Rills 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 Co County, Illinois. Also, the West half of South We-Go Trail East of and adjoining Lot 35 aforesaid lying South of the North line of Lot 35 extended East. (l/legal description is not included at time of execution,' authorized to insert thereafter.) commonly kn0wnas 1004 West Lonnquist Boulevardt Mount Prospectt Illinois with approximate lot dimensions of 7 ,. 39 × 150 .................. /strike items not applicable/(a) storm and screen doors and windows; (b) awnings; (c) outdoor re-' ~~¥i, ~'allway and' carpeting; (e) window shades and draperies and suppordn~gfi~t,,.-.~c, plumbing and other attached fixtures as insta (h) water softene~) range(s); (k) garage door opener with transmitters; (1) tad 2. The Village of Mount Prospect, Illinois, an Illinois Municipal Corporation (Se: (Insert names of all ownert and their respective spouses) agzees to mR the real estate ~t~g,k~e~q,e~% described above at the price and terms ~t forth herein, and to convey os cause to be conveye lhz~chasex os nominee t/fie thereto (in joint tenancy) by a secordable worrantv deed, tt~k_'-'_-t__-- cf h:m~v~4-~:, ~ suh~ect only to: (a) covenant~, canal/t/ohs and testier/ohs of record; Co) private, publ/c and utifit7 casements and roads and hi/hways, if p::.~- ~ ' ' ~ C,-Ai~:L~, ::r,~,~.m/-te~f~ (e) spec/nj taxes or assessments for improvements not yet completed; unconfirmed spec/al tax or a~essm~nt; (~) /nsta~]ments not due at the date hereof of any special tax or assessment for improvements hereto completed; Ca) m_o~t~Sa~e or t~ust deed specified below, if any; fi) ~enesal taxes for the yeax 1986 and subsequent yea~s ' ' '' ' L~:h;~a~) ;~z.~-~ and special service area taxes for water supply and improvements. 3. Pusohzserhaspald $ 7:~f]1 ]C~ / ' ' '' ~.;.;,.%Jf: ;aseaanestmoney~ applied on the purchase price, and agrees to pay or satisfy the balance of the purchase price, plus or minus prorations, at the time of closlng as [s~ke mbparagraph not applicable/ (a) Thepaymentof$ 67~509.90 (sixty seven thousand five hundred and nine and 90/100 dollar~ Purchaser (doesJ Jdoes notl agree to assume) aggregating $ bearing interest at the rate of purchase p~ce. - % a year robe amortized ovesr ~and service charges for such lash not to exceed %. If, after ma 5, The time of closing shall be on April 15 r' 1986 . :.; 2g ~:7: :.f:~.r ~:.::.~: ~h;: .~::.:zci::g ha: ~ee-~:--.:u.-:~- if :~cv: ~ of on the date. if any, to which such time is extended by reason of paragraph 2 of the Conditions and Stipulations hereafter becor operative (whichever date is later), unless subsequently mutually agreed otherwise, at thc office of Seller' s Attorney bf the mmtgagc lender, if any, provided title is shown to be good or is accepted by Purchaser. 6. Seller shall deliver possession to Purchaser on c.r %:f~ee the daye-eg~e the sale has been closed. 7. SeUer~,.~A~;&. t~, warrants that no broker's commission is due by virtue : .................................. .- of this transaction. 8. The earnest money shall be held by for the mutual benefit of the parties, Seller's Attorney 9. Seller agrees to deliver possession of the real estate in thc same condition as it is at thc date of this contract, ordinary wear and tear excepted. 10. A duplicate original of this contract, duly executed by the Seller and his spouse, if any, shall be delivered Ia the Purchasers within __ from the date below, otherwise, at thc Purchaser's option, this contract shall become null and void and the earnest money shall be refunded Purchaser. This contract is subject to the Conditions and Stipulations scl forth on thc back page hereof, which Condillons and Stlpulat:ons axe made a part contract. Selli~ V~o~f~ Mf~n~~ Villager ~resident (Address) 800 S. Waverly Mount Prospect, Illinois (Add~ess) Phone 956-6880 (Addten$) 100 South Emerson St. Mount Prospect, Illznols 100 South Emerson St. I. S-cQ'~ ~hu~ deliver or' io be deUvercd to P~cbaser or Purchascr'~ agent, not le~ tl an 5 days prior me of c o~ng, a title corem tment ~ an owner's lille insuran~ poficy issued by thc Chicago Tillc I nstuancc Company in the amount of the purcha~ ~rice, covering title f~ the teil estate .~r ~ter the date hereof, showing title in the intcnd~ ~antor subject only to fa) the general exceptions ~nta~ed in the policy unless the contract prier $100,OO0.~) or le~ and the real estate is improved witl~ a single thnfily dwelling or an apartment budding of Four or fewer reMdenti~ units, ~)thc ti exceptions set tBrth above, and lc) title excepQons perta~g to liens or encumbrances of a def~ite or ascertainable amount whiqh may be removed ~hc payment of money at thc time of cloaing and which the Seller may so remove at that time by using the funds to be paid u~n the delivery of the dc (a~ of wlfich ~e here~ referred to as the per~tted exceptions). Thc title com~tment shall be conclusive eviden~ of good title as therein shown as to matters ~sured by the ~licy, subject only to the exceptions as therein stated. Se~er al~ shMl fur~sh ~rcha~r an affi~vll of title in ~stomary ~o cover~g the date of closing and showing fide in SeUer subject only to the per~tted ex~ptions in Foregoing items lb) ~d lc) ~d uaper~nll~ cx~ptinns, if any, as to which the title insurer comets to extend insurance ~ the ~er specified ~ para~aph 2 below. 2. If thc 6tlc commitment discloses unpcrmittcd exceptions, Seller shall bare 30 days From tile date oFdetivery thereof to have ihe exceptions remov from the commitment or to have the title insurer commit to insure against loss or damage that may be occa,,ioned by such exceptions, and, in such eve, die Inn{ ol closing shall be 35 days alter delivery ol' thc commitment or tile tilllt~ specified in paragraph $ orl thc fron~ page hereof, whichever is later Seller fads Io have the exceptions removed, or in the altcrnafive, to {)blain the cmnmitment for title insurance specified above as to such excepti~ wdbin thc specified lime, Purchaser ntay terminate this contract or may elect, uporl notice to Seller wi[bin lO days after the expilafion of [tlc 30-d period, to take title as it then i~ with the right to dedKct From the purchase price lierls or encumbrances of a definite or ascertainable amount. If Pu~cha docs not so ekct, this coauact sitar become null and v',iid wi[bout fm'lhcr actions of thc putties. 3,, ' ..... general AIl prorat ions are final unless otherwise provided herein. ~ ~ ~,,i~81,~tJ~. ~,,,,i~ ~ '. _ · ' ' stl~e'ilCfurnish a completed Real Estate Transfer Declarati~ signed by ~he Seller or the Seller's agent in the Form required pursuant to the Real Estate Transfer Tax Act of the State of Illinois ~ g. All notices herein required shall be in writing and shall be se~ed on the parties at thc addresses f,oilowing hc~r s gna t res. Tee reading ol a not[cc I registered or certified mail, return receipt requested, shall be sufficient service. 9. The Purchaser shall be responsible for landscaping the abuting parkway area in front of the property, which shall include sodding and the planting of trees as designated by t MD~nt Pres~ct Public Works Depa~ant. 10. The Purchaser shall be responsible for connecting the property to Village sanitary sewer and water facilities located in Lonnquist Boulevard.