HomeMy WebLinkAboutOrdinance #0862~.
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ORDINANCE N0.~
AN ORDINANCE AUTHORIZING THE SALE OF REAL PROPERTY OWNED BY THE CITY
OF CANTON, ILLINOIS FOR PRIVATE DEVELOPMENT WHICH PROPERTY IS GENERALLY
LOCATED ON SOUTH FIRST AVENUE AT EAST PINE STREET IN CANTON, FULTON
COUNTY, ILLINOIS.
WHEREAS, the City of Canton has undertaken a program for the
reconstruction and redevelopment of a Redevelopment Area known as the
Central Business District in Canton, pursuant to the Real Property
Tax Increment Allocation Redevelopment Act, appearing in Chapter 24,
Section 11-74.4-1 et seq. of the Illinois Revised Statutes of 1979,
hereinafter referred to as the "Act"; and
WHEREAS, pursuant to the provisions of the Act, the City of
Canton adopted a Redevelopment Plan and Redevelopment Project, as amended,
hereinafter referred to as the "Plan'", pertaining to the redevelopment
of the Redevelopment Area, which Plan was approved by the City Council
of the City of Canton on December 27, 1977; and
WHEREAS, in order to enable the City to achieve the objectives of
the Plan in accordance with the uses set forth therein, the City has
acquired and owns the following described real property:
The West 95 feet of Lot 38 and the South 32.5
feet of the West 95 feet of Lot 37 in Nathan
Jones' Second Addition to the City of Canton,
Fulton County, Illinois
which property is generally located on South First Avenue at East
Pine Street in Canton, Fulton County, Illinois and is currently
vacant; and
[-dHEREAS, the corporate authorities of the City of Canton have
determined that it is no longer necessary, appropriate, or in the best
interest of the City that it retain title to said real property, and
that said real property is not required for the use of, or profitable to
the City; and
WHEREAS, pursuant to Chapter 24, Section 11-76-2 of the Illinois
Revised Statutes of 1979, notice has been given of the proposal to sell
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such real property for private development and bids have been invited
for the purchase of such real property for private development, said
notice having first been published on August 12, 1980, and having been
published for three successive weeks in the Canton Daily Ledger, a news-
paper published in the City of Canton; and
WHEREAS, pursuant to said notice, bids were opened at the regular
meeting of the corporate authorities held on September 16, 1980; and
WHEREAS, the following bids for the purchase of such property for
private development have been received:
BIDDER:
AMOUNT:
Cherian P. Mathews, M.D. $10,925.00
and
WHEREAS, the corporate authorities of the City of Canton believe
that the redevelopment of said real property pursuant to the Act and the
Plan is in the vital and best interests of the City and the health, safety,
morals and welfare of its residents, and is in accordance with the public
purposes and provisions of all applicable federal, state and local laws; and
WHEREAS, the corporate authorities of the City of Canton find and
determine that the best interests of the City and its residents will be
served by the acceptance of the bid submitted by Cherian P. Mathews, M.D.
and the sale of the aforesaid real property to such bidder for private devel-
opment for the amount bid of ten thousand nine hundred twenty five dollars
($10,925.00) which amount represents the high bid;
NOW, THEREFORE, BE IT ORDAINED BY THE CORPORATE AUTHORITIES OF
THE CITY OF CANTON, ILLINOIS, AS FOLLOWS:
1. The corporate authorities find as facts the recitals hereinabove
set forth.
2. The bid of Cherian P. Mathews, M.D. in the amount of
ten thousand nine hundred twenty five dollars (.$10,925.00) is hereby
accepted by the corporate authorities of the City of Canton for the sale
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for private development of the following described real property:
The West 95 feet of Lot 38 and the South 32.5
feet of the West 95 feet of Lot 37 in Nathan
Jones` Second Addition to the City of Canton,
Fulton County, Illinois.
3. The Mayor of the City of Canton is hereby authorized
and directed to sign and the City Clerk is hereby authorized and directed
to attest a contract for the sale and purchase of the aforesaid real
property for private development, which contract is incorporated herein
by reference and shall be in the form attached hereto as Exhibit A.
4. Upon satisfaction of the terms of the aforesaid contract
and upon the payment or securing of the aforesaid bid price in the manner
provided in said contract, the Mayor of the City of Canton is hereby
authorized and directed to convey and transfer the aforesaid real
property to Cherian P. Mathews, M.D. and Mannorama F. Cherian, husband and
wife, in tenancy in common and not in joint tenancy or to a land trust
designated by Cherian P. Mathews, M.D. by a proper deed of conveyance,
stating therein the aforesaid consideration, and the City Clerk is
hereby authorized to acknowledge and attest such deed and to affix thereto
the seal of the City of Canton.
5. TheP4ayor and the Clerk of the City of Canton are hereby
authorized, respectively, to execute and attest such other documents as may be
necessary to the conveyance herein authorized.
6. This Ordinance shall be in full force and effect from and after
its passage by a vote of at least three-fourths of the corporate authorities
now holding office, and approval in the manner provided by law.
PASSED by a vote. of at least three-fourths of the corporate
authorities of the City of Canton, Illinois now holding office, and
APPROVED by the Mayor thereof this~day of -yU. 1981.
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APPROVED : ,%~~.f~~~ - MAYOR
HARLAN E. CROUCH
ATTEST:~~~~ J TY CLERK
A Y S. WH ES
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