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HomeMy WebLinkAboutOrdinance #4420 - Purchase of 210 N. Avenue F STATE OF ILLINOIS) ) SS. COUNTY OF FULTON) CERTIFICATE I, Andi Smith-Walters, certify that I am the duly elected City Clerk of the CITY OF CANTON, FULTON COUNTY, ILLINOIS. I further certify that on September 03. 2024, the City Council of such municipality passed and approved Ordinance #4420 entitled: AN ORDINANCE AUTHORIZING THE PURCHASE OF 210 N. AVENUE F, CANTON, IL 61520 The ordinance attached is a true and correct copy of the ordinance adopted by Canton City Council. DATED AT CANTON, ILLINOIS, THIS 3rd DAY OF September, 2024 Seal ndi Smith-Walters, City Clerk City of Canton, Illinois ORDINANCE NO. 4420 AN ORDINANCE AUTHORIZING THE PURCHASE OF 210 N.AVENUE F,CANTON,IL 61520 WHEREAS, the City Council and Mayor of the City of Canton deem it in the best interests the residents of the City of Canton(the "City") to purchase certain real property (the "Property") legally described in "Exhibit A" attached hereto and fully incorporated herein(Common Address: 210 N. Avenue F, Canton, IL 61520); WHEREAS, pursuant to the provisions of Section 11-61-3 of Article 11 of the Illinois Municipal Code(65 ILCS 5/11-61-3),the City is authorized to purchase real and personal property for public purposes pursuant to contracts that provide for the consideration for such purchase to be paid in annual installments during a period not exceeding 20 years; and WHEREAS, GARY SLACK(the"Seller"), has agreed to sell the Property to the City for the purchase price of Sixty-Five Thousand and No/100 Dollars ($65,000.00), due and payable at closing, which shall be on a date mutually agreed upon by the City and the Seller. NOW, THEREFORE, BE IT ORDAINED by the Corporate Authorities of City of Canton, Fulton County and State of Illinois,as follows: Section One: The foregoing recitals are incorporated herein as findings of the City Council of the City of Canton. Section Two: The City Council and Mayor of the City of Canton hereby determine that it is advisable,necessary, and in the best interests of the Municipality to purchase the Property and enter into an agreement with Seller providing for the purchase of the Property at a total cost of $65,000.00 plus reasonable closing costs, title commitment expenses, environmental studies, and ALTA survey costs (up to $15,000.00, unless further authorized by City Council), and as set forth in the Agreement described below, due and payable at closing,which shall occur on or before November 30,2024; Section Three: The City Council and Mayor of the City of Canton hereby authorize the City Attorney in consultation with the City Engineer and Mayor, to prepare, negotiate, and approve a Real Estate Purchase Agreement substantially containing the terms and conditions included in this Ordinance and others he deems to be in the best interests of the City of Canton in order to accomplish the purchase set forth in this Ordinance; Section Four: The Mayor and/or his designee(s) are hereby authorized to execute the Real Estate Purchase Agreement and to take all other reasonable and necessary actions to accomplish the purchase of the Property and to order environmental studies, ALTA surveys, and/or any other studies the Mayor deems appropriate in relation to said purchase. To the extent said studies or surveys have been ordered prior to the effective date of this Ordinance, said actions are hereby ratified. Section Five: The City Council and Mayor of the City of Canton hereby authorize the City Attorney and/or Mayor to terminate the Real Estate Purchase Agreement, if deemed to be in the best interests of the City of Canton; Section Six: This Ordinance shall be in full force and effect from and after its passage, approval, and publication in the manner provided by law. Passed this 3`d day of September, 2024. AYES: Alderpersons Chamberlin, Grimm, Lovell, Hale, Gossett, Ketcham, Lingenfelter NAYS: None ABSENT: Alderperson Nelson ABSTAIN: None APPROVED: -V"� Kent McD , Mayor ATT T: r Kdlraea�J- S ith-Walters, City Clerk EXHIBIT A A part of the Southeast Quarter of Section Number Twenty-eight(28) in Township Seven (7) North, Range 4 East of the Fourth Principal Meridian, Canton, Fulton County, Illinois, bounded as follows: From the Northeast corner of said Quarter Section measure South along the East line of said Quarter Section455.4 feet to a Point for the Place of Beginning; thence deflecting 90 degrees to the right, measure West at right angles the East line of said Quarter Section 248.8 feet, thence deflecting 53 degrees and 30 minutes to the left,measure in a Southwesterly direction 396 feet to the center of the Public Road; thence deflecting 118 degrees and 16 minutes to the left, measure 88 feet in a Southeasterly direction along the center line of said Public Road and a Steel Highway Bridge; thence deflecting 7 degrees and 15 minutes to the left, measure Eastwardly 397.1 feet to the East line of said Quarter Section, thence deflecting 89 degrees and 10 minutes to the left, measure north along the East line of said Quarter Section 338.3 feet to the Place of Beginning hereby releasing and waving all rights under and by virtue of the Homestead Exemption laws of this State.