HomeMy WebLinkAboutResolutions - R-99-008 - 03/31/1999 - AUTHORIZE SALE OF SURPLUS PROPERTY 1115 N RIVER ROResolution
R-99- 008
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 partdescribed 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 (except the southerly 31.25 feet of the easterly
75.18 feet thereof) in Block 9 in 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 13 of
Deeds, page 160, in McHenry County, Illinois,
("Subject Property");
WHEREAS, the current use of the Subject Property is as a single-family residence,
approximately 17,333 square feet in size, classified C3 Community Commercial Zoning
District and is no longer needed by the City; and
WHEREAS, the City is in receipt of a written MAI appraisal prepared by Harrison and
Associates, Inc., and dated December 31, 1996, reconfirmed in writing on May 27, 1998,
relating to the Subject Property, indicating a value of $191,000, which documents are
available for public inspection from the City Clerk; and
WHEREAS, the City's authority in adopting this Resolution is 65 ILCS 5/11-76-4.1.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Aldermen as follows:
Resolution
1115 North River Road
Page 2
That pursuant to 65 ILCS 5/11-76-4.1, the Subject Property is hereby declared
as surplus municipal real estate, and the City Administrator is directed to sell
the Subject Property by listing it with a local licensed real estate agent. The
agent's compensation shall be four percent (4%) of the sales price if sold
directly by Dennis Drake of Century 21 Care Real Estate, Inc., and five percent
(5%) of the sales price is sold through other agents of Century 21 Care Real
Estate, Inc. Additional details of the agent's listing agreement are set forth in an
exclusive right to sell agreement on file and available to inspect with the City
Clerk, McHenry,, Illinois.
2. The terms of the sale shall include a sale price of not less than eighty percent
(80%) of the appraised value and reservation of an exclusive perpetual
easement, in favor of the City, for the purpose of installation, maintenance,
operation, reconstruction and repair of the City's sanitary sewer lift station,
mains, pipes, and appurtenances in connection therewith and right-of-way on,
above and under the following described property:
That part of said Lot 2 described as follows: Commencint at the
Southeast corner of said Lot 2; thence South 89 degrees, 04
minutes, 25 seconds west along the South line of said Lot 2, for
a distance of 75.18 feet to the point of beginning; thence
continuing south 89 degrees, 04 minutes, 25 seconds west along
said South line, for a distance of 54.39 feet, more or less, to the
Northeasterly shore line of the Fox River; thence northwesterly
along said northeasterly shore line, for a distance of 43.60 feet,
more or 'less; thence North 89 degrees, 94 minutes, 25 seconds
East along a line parallel with the said South line of Lot 2, for a
distance of 144.43 feet, more or less, to a point on the East line
of said Lot 2, for a distance of 10.00 feet; thence South 89
degrees, 04 minutes, 25 seconds west along a line parallel with
the said 'South line of Lot 2, for a distance of 75.18 feet; thence
South 00 degrees, 13 minutes, 15 seconds West along a line
parallel with the East line of said Lot 2, for a distance of 31.25
feet to the point of beginning, all located in the City of McHenry,
McHenry County, Illinois.
Resolution
1115 North River Road
Page 3
3. This Resolution shall be published once in the Northwest herald at the first
opportunity following passage of this Resolution.
Passed and Approved this 31sT day of MARCH , 1999.
ATTEST:
City Clerk
Mayor