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HomeMy WebLinkAboutOrdinance #1309i ORDINANCE N0. 1309 AN ~ I NANCE PROM I D 1 IBC FOR Ti-E MANGER OF SALE OF CERTA I N RF1aL PF~JPER;11( GN~ED BY TFf CITY OF CANTON, FIJLTgV OOIiM'Y , I LL I ND 1 S . W-EREAS, the City of Canton has become the owner of record of a certain parcel of real property hereinafter described; and, WF-ERFAS, the City Council of the City of Canton, Fulton County, Illinois has determined that the real property hereinafter described is no longer necessary, appropriate, required for the use of, profitable to, or for the best interest of the City of Canton. NOW, THEREFORE , 13E 1 T ORUA I NED BY ll-E C 1 TY OOINC 1 L OF TI-E CITY OF CANTaV, Fulton County, Illinois as follows: 1. That real property presently owned by the City of Canton, being located and legally described as follows, to-wit: Common Address: 1160 South Avenue B Canton, Illinois A part of the Southwest Quarter of Section 34, Township 7 North, Range 4 East of the Fourth Principal Meridian in the City of Canton in Fulton County in Illinois described as follows: Commencing at point 1,656.1 feet south of the Northwest corner of the Southwest Quarter of Section 34 to the point of beginning; thence South 89°30' East a distance of 193.25 feet; thence South 0°26'40" East a distance of 98 feet; thence North 89°30' East a distance of 33.24 feet; thence North 54°25'30" East a distance of 153.14 feet; thence North 89°30' East a distance of 38.58 feet to the east line of said quarter section; thence North 0°26'40" East a distance of 10 feet to the point of beginning, said tract of ground containing 0.234 acres, more or less, and all lying in the above mentioned quarter section, city and county, in Illinois. be let for bids for the sale of such property under the direction of the City Council, by and with the advice of the City Attorney, and in conformity with the laws of the State of Illinois and the Ordinances of the City of Canton thereto appertaining. 2. That public notice of the foregoing proposed sale shall be as by law made and provided. 3. That the use of the foregoing parcel of real estate has been residential in nature and that the present use of the aforesaid parcel is as determined by reference to the City of Canton's zoning ordinance and map, as the same may be from time to time amended. 4. Conveyance of title to any successful bidder shall only be by corporate quit-clairn deed. 5. The City of Canton shall show merchantable title to any successful bidder by either, in the City of Canton's sole discretion, abstract of title or a commitment to insure title in the amount of the purchase price. 6. The City of Canton reserves the right by majority vote to reject any and all bids and with respect to the foregoing parcel of real property; or, to accept the high bid(s) or any other bid(s) determined to be in the best interest of the City of Canton by a vote of 3/4 of the corporate authorities then holding office. 7. Bids shall be submitted to the City Clerk, City Building, 210 East Chestnut Street, Canton, Illinois 61520, on or before June 4, 1991 at 5:00 o'clock P.M., local time. Late bids will not be considered. All bids submitted shall be opened before the Canton City Council at its regular meeting of June 4, 1991. 8. That this Ordinance shall be in full force and effect immediately upon its passage by the City Council of the City of Canton, Fulton County, Illinois and approval by the Mayor thereof. PASSED by the City Council of the City of Canton, Fulton County, Illinois at a regular meeting this 7fi~ day of r'~y 1991, upon a roll call vote as follows: AYES : ~~~~ T'.ovachevich , Steck, Sarff , r~~ade , Bohler , May . NAYS: None. ABSENT: None. APPF~VED: ~~ , Donald E. Edwards, Mayor ATTEST: Nancy White City Clerk