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RESOLUTION NO. 18-90 <br />A RESOLUTION AUTHORIZING AND DIRECTING THE CONVEYANCE OF <br />CERTAIN PROPERTY LOCATED IN ELK GROVE VILLAGE <br />TO ELK GROVE PARK DISTRICT <br />WHEREAS, the Village of Elk Grove Village and the President <br />and Board of Trustees thereof, and the Elk Grove Park District <br />are municipalities as defined as "An Act in relation to the trans- <br />fer of interests in real estate by units of local government or <br />school districts, approved July 2, 1925" (Chapter 30, Section 156 <br />of the Illinois Revised Statutes, 1987); and <br />WHEREAS, the territory of said municipalities is wholly <br />within, co -extensive with or partly within and partly without <br />the corporate limits of the other; and <br />WHEREAS, transfers of interests in real estate are authorized <br />by said Act between municipalities upon such terms as may be agreed <br />upon; and <br />WHEREAS, Elk Grove Park District has found and determined <br />that it is necessary and convenient for it to use, occupy and/or <br />improve the three (3) parcels of real estate described in Section <br />2 hereof for Park District purposes by ordinance No. 133, a copy <br />of which is attached hereto and made a part hereof as Exhibit "A"; <br />and <br />WHEREAS, it is the desire of the President and Board of <br />Trustees of the Village of Elk Grove Village to convey said pro- <br />perty to the Elk Grove Park District as long as the properties <br />are to be used exclusively for park and recreational purposes <br />for the benefit of the public, as long as title to the property <br />is not conveyed by the Park District and as long as the property <br />retains real estate tax exempt status. <br />