HomeMy WebLinkAboutOrdinance #4490 - Purchase of 603 W. Chestnut 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 August 5. 2025, the City Council of such
municipality passed and approved Ordinance #4490 entitled:
AN ORDINANCE AUTHORIZING THE PURCHASE OF
603 W. CHESTNUT, 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 5th DAY OF AUGUST, 2025
Seal
= - Indii Smith-Walters, City Clerk
City of Canton, Illinois
ORDINANCE NO. 4490
AN ORDINANCE AUTHORIZING THE PURCHASE OF
603 W. CHESTNUT, CANTON,IL 61520
WHEREAS,the City of Canton,Fulton County, Illinois ("City"), is a non-home rule unit
of government;
WHEREAS, Section 11-61-3 of the Illinois Municipal Code (65 ILCS 5/11-61-3)
provides, in part:
The corporate authorities of each municipality having a population of less than 1,000,000
inhabitants shall have the express power to purchase or lease either real estate or personal
property for public purposes through contracts which provide for the consideration for such
purchase or lease to be paid through installments to be made at stated intervals during a
certain period of time,but, in no case, shall such contracts provide for the consideration to
be paid during a period of time in excess of 20 years nor shall such contracts provide for
the payment of interest at a rate of more than that permitted in"An Act to authorize public
corporations to issue bonds, other evidences of indebtedness and tax anticipation warrants
subject to interest rate limitations set forth therein", approved May 26, 1970, as amended.
The indebtedness incurred under this Section when aggregated with existing indebtedness
may not exceed the debt limits provided in Division 5 of Article 8 of this Code;
WHEREAS, the corporate authorities desire to acquire certain real estate located at 603
W. Chestnut Street, Canton, IL 61520 (P.I.N. 09-08-28-408-023) (the Property") from William
Ashwood;
WHEREAS, William Ashwood has offered to convey the Property to the City for
$10,000.00,provided that the City pays all closing costs and other transaction fees;
WHEREAS,the corporate authorities of the City have determined that it is necessary and
in the best interest of the City to purchase the Property.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
.OF CANTON, FULTON COUNTY, ILLINOIS AS FOLLOWS:
1. That the City hereby finds as fact the recitals set forth above and incorporates said recitals
herein as though fully set forth.
2. The Mayor is hereby authorized to purchase the Property for a purchase price not to exceed
$10,000.00(plus all necessary closing costs,settlement fees,recording fees,and other costs
or expenses related to closing)and to execute and deliver any and all purchase agreements,
closing documents, or other documents necessary in order to accomplish same.
3. Prior to closing,the Mayor,or his designee,is further authorized to order any due diligence
related to the Property, not to exceed $10,000.00.
Page 1 of 2
4. This Ordinance shall be in full force and effective immediately upon its passage by the City
Council of the City of Canton and approval by the Mayor thereof.
PASSED AND APPROVED THIS 5th day of August,2025.
AYES: Alderpersons Chamberlin Grimm Lovell Hale Pickel Ketcham Gossett
NAYS:None
ABSENT: Alderperson Nelson
APPROVE :
By: &34.
ent Mc owell, Mayor
ATTEST:
AzrrLrj'_
Andrea J. Smith-Walters, City Clerk
Page 2 of 2