HomeMy WebLinkAboutResolutions - RS-97-8 - 01/29/1997 - Sale of 1115 N River RoadResolution
RS-97- 8
Authorizing the Sale of Surplus Real Estate
Owned by the City of McHenry
WHEREAS, the City of McHenry, County of McHenry, Illinois, owns certain real
estate commonly known as 1115 North River Road, McHenry, Illinois, and legally described
as follows:
Lot 1, (except that part described as follows: Beginning at the Northeast corner
of said Lot 1; thence on an assumed bearing of south 00 degrees, 13 minutes,
15 seconds West along the East line of said Lot 1, a distance of 9.00 feet to
a point; thence South 89 degrees, 04 minutes, 25 seconds West along a line
parallel with the North line of said Lot 1, a distance of 187.00 feet to a point
on the Westerly line of said Lot 1; thence North 06 degrees, 07 minutes, 52
seconds West along the said Westerly line of Lot 1, a distance of 9.04 feet to
the Northwest corner of said Lot 1; thence North 89 degrees, 04 minutes, 25
seconds East along the North line of said Lot 1, a distance of 188.00 feet to
the point of beginning) and Lot 2 in block 9 of the Original Plat of the Village
(now city) of McHenry, East side of the Fox River, a Subdivision of part of the
Southeast Quarter of Section 26, Township 45 North, Range 8 East of the
Third Principal Meridian, according to the Plat thereof recorded July 6, 1840
in Book B of Deeds, page 160, in McHenry County, Illinois.
("Surplus Property");
WHEREAS, the size of the Surplus Property is approximately 17,333 square feet;
WHEREAS, the current use of the Surplus Property is as a single-family residence;
WHEREAS, the Surplus Property is no longer needed by the City and is therefore
surplus City property;
WHEREAS, pursuant to 65 ILCS 5/11-76-4.1, which authorized the sale of surplus real
estate by resolution, the City is in receipt of a written MAI appraisal relating to the Surplus
Property, which is available for public inspection from the City Clerk; and
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Aldermen as follows:
1. That pursuant to 65 ILCS 5/11-76-4.1, the Surplus Property is hereby declared
as surplus municipal real estate.
2. The City Staff is directed to prepare the necessary documents, negotiate and
sell the Surplus Property following City Council approval.
3. The terms of the sale are cash offers of not less than 80 percent of the written
MAI appraisal on file with the City. In addition, the buyer shall be required,
immediately upon receipt of title from the City, to
a. convey title to the City relating to a portion of the Surplus Property
described as follows:
The east 70.00 feet of the south 30.00 feet of Lot 2 (as measured at
right angles to the east and south lines thereof) in Block 9 of the
Original Plat of the Village (now City) of McHenry, East side of the Fox
River, being a subdivision of part of the Southeast Quarter of Section
26, Township 45 North, Range 8 East of the Third Principal Meridian
according to the plat thereof recorded July 6, 1840 in Book B of
Deeds, page 160, in McHenry County, Illinois.
b. grant to the City an 18-month temporary easement over the Surplus
Property for purposes of storing earth materials, construction
equipment and vehicles in relation to the City's construction of a
sanitary sewer lift station, main and appurtenances under the Fox River
and through the Surplus Property; and
I upon (2, afar
c. grant to the City, with inA+re�months of closing,/a permanen� ten -foot
easement, superior to any mortgage or other lien on the Surplus
Property, for maintenance of the new sanitary sewer main connecting
the lift station being constructed with the south waste water treatment
plant. The exact location and form of this permanent easement shall
be determined by as built drawings provided by the city engineer.
4. The City reserves the right to reject any and all offers.
5. All offers must be received by the McHenry City Clerk, 333 South Green
Street, McHenry, Illinois, no later than March 7, 1997.
6. This Resolution shall be published at the first opportunity after its effective
date in the Northwest Herald.
DATED this 29th day of J nuary 1997.
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