HomeMy WebLinkAbout#4026 ORDINANCE NO 4026
ORDINANCE AUTHORIZING AMENDED LEASE OF MUNICIPALLY
OWNED REAL PROPERTY
WHEREAS, the City of Canton owns the following described real property:
Lot No. 07 of the Lakeview Addition to Lake Canton, Fulton County, Illinois.
which property is generally located at 24624 E. Lakeview Drive, Canton, Illinois, has P.I.N.
No. 10-09-30-202-004 and is currently used as residential real property; and
WHEREAS, the City Council of the City of Canton has determined that it is in the best
interest of the City of Canton that it enter into a lease for municipally owned property and said
lease is attached hereto as Exhibit A; and
WHEREAS, pursuant to Section 11-76-2 of the Illinois Municipal Code, 65 ILCS 5/11-
76-2, notice has been given of the proposal to lease such real estate, said notice having first been
published on February 12, 2016, and having been published at l;,ast once in the Canton Daily
Ledger, a newspaper published in the county in which the municipality is located, not less than
15 nor more than 30 days before the date on which it is proposed to adopt this Ordinance; and
WHEREAS, pursuant to said notice, this Ordinance was adopted at the regular meeting
of the City Council held on April 5, 2016; and
WHEREAS, in order to cooperate with a Veterans' Administration lending requirement,
an amended lease has been prepared, amending Section 12: TRANSFER to meet that
requirement; and
WHEREAS, the City Council finds and determines that the best interests of the City of
Canton and its residents will be served by the approvai of the above-referenced lease.
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Canton,
Fulton County, Illinois, as follows:
1. The City Council finds as facts the recitals hereinabove set forth.
2. The amended lease to Rhyne Spencer is hereby accepted by the City Council of the
City of Canton for the lease of the following described real estate:
Lot No. 7 of the Lakeview Addition to Lake Canton, Fulton County, Illinois.
Commonly known as 24624 E. Lakeview Drive. Canton, Illinois, has P.I.N. No. 10-
09-30-202-004.
NLR Documents
Ordinances
6/13/14
3. The Mayor is hereby authorized and directed to sign and the City Clerk is hereby
authorized and directed to attest to AMENDED LAKE LOT LEASE of the aforesaid
real estate, which Lease shall be in the form attached hereto as Exhibit A.
4. The Mayor is hereby authorized and directed to enter into the aforesaid AMENDED
LAKE LOT LEASE and the City Clerk is hereby authorized to acknowledge and
attest such AMENDED LAKE LOT LEASE and to affix thereto the seal of the City
of Canton.
5. The Mayor and the Cierk 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 THIS 5TH DAY OF APRIL, 2016
AYES: Aldermen Craig Vilest, Tad Putrich, jinn Pveison. _-'Van Mayhew, Justin Nelson,
Gerald Ellis, John 1-ovell, Angela Ha!e
NAYES: None
ABSENT: None
APPROVED THIS 5th DAY OF April, 2016.
APPROVED: K7r�
Jeffe . r' z, or
ATTEST:
Diana Pavley-Rock, City Clerk
NLR Documents
Ordinances
6/13/14