HomeMy WebLinkAboutOrdinances - O-97-829 - 07/30/1997 - AUTHORIZE EXCHANGE OF REAL ESTATE WITH VILLAG MCCUORDINANCE 0-97-829
AN ORDINANCE AUTHORIZING THE EXCHANGE
OF REAL ESTATE BETWEEN
THE CITY OF McHENRY AND THE VILLAGE OF McCULLOM LAKE
WHEREAS, the City of McHenry (hereinafter "City") owns certain
real estate (hereinafter "Parcel A") legally described as follows:
Lots 10 to 16, both inclusive, in Block 2 in
McCullom Lake Estates, being a Subdivision of
part of the Northeast Quarter of Section 21,
and the North Half of Section 22, Township 45
North, Range 8 East of the Third Principal
Meridian, according to the Plat thereof
recorded May 31, 1929, as Document No. 88347,
in Book 6 of Plats, pages 90 and 91, in
McHenry County, Illinois.
WHEREAS, the size of Parcel A is approximately 43,560 sq.ft.;
WHEREAS, the Village of McCullom Lake (hereinafter "Village")
owns certain real estate (hereinafter "Parcel B") legally described
as follows:
That part designated as Park, lying Easterly of
Lots 2, 3, 4 and 5 in Block 1 of McCullom Lake
Estates, being a Subdivision of part of the
Northeast Quarter of Section 21, and the North Half
of Section 22, Township 45 North, Range 8 East of
the Third Principal Meridian, according to the Plat
thereof recorded May 31, 1929, as Document No.
88347, in Book 6 of Plats, pages 90 and 91, in
McHenry County, Illinois.
WHEREAS, the size of Parcel B is approximately 26,933.625
sq. ft. ;
WHEREAS, the City is desirous of obtaining fee simple title to
Parcel B;
WHEREAS, the Village is desirous of obtaining fee simple title
to Parcel A;
WHEREAS, Parcel A is no longer needed by the City for the
public interest;
WHEREAS, Parcel B will prove useful to the City and will be
for the public interest;
WHEREAS, the City is in possession of an MAI appraisal of
Parcels A and B;
WHEREAS, the value of Parcel A is approximately equal to the
value of Parcel B considering the long-term best interest of the
public.
WHEREAS, a public hearing was held on JULY 30 , 1997, by
the corporate authorities of the City with due notice of such
hearing having been provided pursuant to 65 ILCS 5/11-76.2-2.
NOW, THEREFORE, BE IT ORDAINED that:
Section 1: The foregoing recitals are incorporated into
and made a part of this Ordinance.
Section 2: That the Mayor and staff of the City of McHenry
are hereby authorized to transfer fee simple title to Parcel A to
the Village of McCullom Lake in exchange for fee simple title to
Parcel B from the Village of McCullom Lake. This transaction shall
be consummated pursuant to an intergovernmental agreement attached
hereto which the Mayor and City clerk are hereby authorized to
sign.
Section 3: If any section, paragraph, subdivision, clause,
sentence or provision of this Ordinance shall be adjudged by any
Court of competent jurisdiction to be invalid, such judgment shall
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not affect, impair, invalidate or nullify the remainder thereof,
which remainder shall remain and continue in full force and effect.
Section 4: All Ordinances or parts of Ordinances in
conflict herewith are hereby repealed to the extent of such
conflict.
Section 5: This Ordinance shall be in full force and
effect upon its passage, approval and publication in pamphlet form
(which publication is hereby authorized) as required by law.
Voting Aye: BOLGER, GLAB, MCCLATCHEY, MURGATROYD, BAIRD.
Voting Nay: NONE.
Absent: NONE.
Abstain: NONE.
APPROVE .
s
even J. Cuda, Mayor
1 City of McHenry
(SEAL)
ATTES .
Pam Althoff, City rk
PASSED: Jill Y 30 , 1997
APPROVED: .1111 Y 30 , 1997
PUBLISHED: .1111 Y 31 , 1997
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