HomeMy WebLinkAboutOrdinances - O-88-469 - 07/17/1988 - AUTHORIZE SALE CITY PROPERTY TO JAKE AND ASSOCORDINANCE NO. 0-88-469
ORDINANCE AUTHORIZING SALE OF MUNICIPALLY
OWNED REAL ESTATE
WHEREAS, the City of McHenry, Illinois owns the
following described real estate:
Lot 6 in Block 10 in Lakeland Park Unit No. 1, being a
Subdivision of part of the North Half of the Northwest
Quarter of Section 27, Township 45 North, Range 8 East
of the Third Principal Meridian, as recorded in Book 11
of Plats on pages 64 and 65 in the Recorder's Office in
McHenry County, Illinois.
WHEREAS, the Corporate Authorities of the City of
McHenry have determined that it is no longer necessary,
appropriate, or in the best interest of the City of McHenry,
Illinois that it retain title to said real estate and that
said real estate is not required for the use of, or
profitable to the municipality; and
WHEREAS, pursuant to Section 11-76-2 of the Illinois
Municipal Code, Illinois Revised Statutes, Chapter 24,
notice has been given of the proposal to sell such real
estate and bids have been invited for the purchase of such
real estate, said notice having first been published on
June 9, 1988, and having been published for three successive
weeks in the Northwest Herald.
WHEREAS, pursuant to said notice, bids were opened at
the regular meeting of the City Council held July 13, 1988;
and,
WHEREAS, the Corporate Authorities of the City of
McHenry, Illinois find and determine that the best interest
of the City of McHenry, Illinois and of its residents will
be served by the acceptance of the bid submitted by Jake &
Associates and the sale of the aforesaid real estate to such
bidder for the amount bid of $14,795.00, which amount
represents the high bid.
NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF MCHENRY, MCHENRY COUNTY, ILLINOIS, AS FOLLOWS:
SECTION 1: The Corporate Authorities of the City of
McHenry, Illinois find as facts the recitals hereinabove set
forth.
SECTION 2: The bid of Jake & Associates in the amount
of $14,795.00 is hereby accepted by the Corporate
Authorities of the City of McHenry, Illinois for the sale of
the above described real estate.
SECTION 3: The Mayor is hereby authorized and directed
to sign and the City Clerk is hereby authorized and directed
to execute a contract for the sale and purchase of the
aforesaid real estate which contract shall be in the form
attached hereto as Exhibit A.
SECTION 4: Upon satisfaction of the terms of the
aforesaid contract and upon payment or securing of the
aforesaid bid price in the manner provided in said contract,
the Mayor is hereby authorized and directed to convey and
transfer the aforesaid real estate to the successful bidder
named in Section 2 hereof by a proper Deed of Conveyance,
stating therein the aforesaid consideration, and the City
Clerk is hereby authorized to acknowledge and to attest such
Deed and to affix thereto the sale of the City of McHenry,
Illinois.
SECTION 5: The Mayor and City Clerk are hereby
authorized, respectively, to execute and attest such other
documents as may be necessary to the conveyance herein
authorized.
SECTION 6: This ordinance shall be in full force and
effect from and after its passage, by a vote of at least
3/4ths of the Corporate Authorities now holding office, and
approval in the manner provided by law.
PASSED THIS 18TH DAY OF JULY, 1988.
AYES: Nolan, Bolger, Lieder, Teta, Smith, McClatchey, Patterson, Busse.
NAYS: None.
ABSTAINED: Non
ABSENT:
NOT VOTING:
APPROVED THIS 18TH DAY OF JULY, 1 8 .
"MAY
ATTEST:
CITY CLERK
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