HomeMy WebLinkAboutORDINANCE - 1233 - 8/8/1978 - SALES CONTRACT/LANDMEIER & BUSSEORDINANCE NO. 1,2 J 3
AN ORDINANCE AUTHORIZING THE VILLAGE
PRESIDENT AND VILLAGE CLERK TO ENTER
INTO A SALES CONTRACT WITH WOODROW
EQUIPMENT COMPANY FOR THE SALE OF
APPROXIMATELY 30.641 ACRES OF VILLAGE
OWNED REAL ESTATE LOCATED AT THE
INTERSECTION OF LANDMEIER AND BUSSE
ROADS, ELK GROVE VILLAGE. ILLINOIS
WHEREAS, the Village of Elk Grove Village is a home rule
unit by virtue of the provisions of the Constitution of the State of
Illinois of 1970; and
WHEREAS, the Village, as a home rule unit, may exercise any
power and perform any function pertaining to its government and affairs
including the power to convey real estate; and
WHEREAS, the President and Board of Trustees of the Village
of Elk Grove Village have adopted an ordinance known as Ordinance No.
1214 on April 11, 1978, which Ordinance establishes the right of the
Village to convey real estate by contract or negotiated sale, as opposed
to the solicitation of public bids, pursuant to the Village's home rule
authority and as deemed to be in the best interests of the Village; and
WHEREAS, said Ordinance further authorizes the Village Manager
to pursue negotiations with prospective purchasers for property owned
by the Village and for which there is no public need therefor, either
now or in the future; and
WHEREAS, the Village of Elk Grove Village is the owner of
approximately 30.641 acres of real estate located at the intersection
of Landmeier and Busse Roads, which real estate is vacant and for which
there is no current need for use fcr public purposes nor is there
a reasonable expection of required use in the future; and
WHEREAS, the Village Manager, pursuant to the authority of
Ordinance No. 1214, has entered into negotiations with prospective
purchasers with respect to the sale of said real estate; and
WHEREAS, the Village Manager is in receipt of an offer to
purchase said property from the Woodrow Equipment Company of Cincinnati,
Ohio, for a purchase price of One Million Seven Hundred Thousand
($1,700,000.00) Dollars, subject to the terms and conditions therein
contained, a copy of which is attached hereto and incorporated herein,
as Exhibit A; and
WHEREAS, the President and Board of Trustees deem it to be
in the best interests of the Village that said offer be accepted and
that the Village convey the above -referenced property, the legal
description of which is contained in said Exhibit A, to the
Woodrow Equipment Company;
NOW, THEREFORE, BE IT ORDAINED by the President and Board
of Trustees of the Village of Elk Grove Village, Counties of Cook and
Du Page, Illinois, as follows:
Section 1: That the Village President and the Village Clerk
are hereby authorized to execute that sales agreement identified as
Exhibit A attached hereto with the Woodrow Equipment Company of
Cincinnati, Ohio, for the sale by the Village of approximately 30.641
acres of real estate located at the intersection of Landmeier and
Busse Roads, Elk Grove Village, for a purchase price of One Million
Seven Hundred Thousand ($1,700,000.00) Dollars.
Section 2: That the Village Manager, and the Village Attorney,
or their designated agent, are hereby authorized to initiate such
proceedings as are required by the conditions of said sales agreement
in order for the Village to fulfill its obligations therein contained.
Section 3: That this Ordinance shall be in full force and
effect from and after its passage, approval and publication according to
law.
VOTES: AYES: 5
NAYS: 0
ABSENT: 1
ATTEST:
VILLAGE CLERK j
PASSED this 8th day of August , 1978.
APPROVED this 8th day of August
, 1978.
PUBLISHED in the Elk Grove Village Daily Herald ,
this 16th day of August , 1978.
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