HomeMy WebLinkAboutOrdinances - O-88-480 - 10/12/1988 - AUTHORIZE SALE CITY OWNED PROPERTY LOT 1 BLOCK 30ORDINANCE NO. 0-88-480
ORDINANCE AUTHORIZING SALE OF MUNICIPALLY
OWNED REAL ESTATE
WHEREAS, the City of McHenry, Illinois owns the
following described real estate:
Lot 1 in Block 30 in Boone Valley Plat No. 4 being a
Subdivision of part of the Northwest Quarter of Section
34, and part of the Northeast Quarter of Section 33,
Township 45 North, Range 8 East of the Third Principal
Meridian, according to the Plat thereof recorded June
19, 1970 as Document No. 525990, in McHenry County, IL.
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
September 19 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 October 12
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 wil_1
be served by the acceptance of the bid submitted by McHenry
State Bank, Trust No. 4427 and the sale of
the aforesaid real estate to such bidder for the amount bid
of $ 24,595 , 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 McHenry State Bank, Trust No. 4427
in the amount of $24,595 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 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 12th DAY OF
AYES: Bol aer, Li eder, McCI atche
NAYS: None
ABSTAINED: None
ABSENT: None
NOT VOTING: None
APPROVED THIS 12th DAY OF
October
Nolan, Patterson, Serritella, Smith, Teta
�/ice :�l � .' /✓ _. _
CITY CLERK
II