HomeMy WebLinkAboutResolution #5450 RESOLUTION NO. 5450
A RESOLUTION ACCEPTING BID FOR SURPLUS PROPERTY LOCATED AT
920 W. LOCUST STREET, CANTON,IL 61520
WHEREAS,the City of Canton,Fulton County, Illinois ("City"), is a non-home rule unit of
government;
WHEREAS, Section 11-76-4.1 of the Illinois Municipal Code (65 ILCS 5/11-76-4.1)
provides:
Sale of surplus real estate. The corporate authorities of a municipality by resolution may
authorize the sale or public auction of surplus public real estate. The value of the real estate
shall be determined by a written MAI certified appraisal or by a written certified appraisal
of a State certified or licensed real estate appraiser. The appraisal shall be available for
public inspection. The resolution may direct the sale to be conducted by the staff of the
municipality; by listing with local licensed real estate agencies, in which case the terms of
the agent's compensation shall be included in the resolution; or by public auction. The
resolution shall be published at the first opportunity following its passage in a newspaper
published in the municipality or, if none,then in a newspaper published in the county where
the municipality is located. The resolution shall also contain pertinent information
concerning the size,use, and zoning of the real estate and the terms of sale. The corporate
authorities may accept any contract proposal determined by them to be in the best interest of
the municipality by a vote of two-thirds of the corporate authorities then holding office, but
in no event at a price less than 80% of the appraised value.
WHEREAS, the City currently owns the following described surplus real estate
(hereinafter the "Surplus Real Estate")
TRACT 1:
A part of the Southeast Quarter of Section 28, Township 7 North, Range 4 East of the
Fourth Principal Meridian, in the County of Fulton and State of Illinois, more particularly
described as follows and bearing are for descriptive purposes:
Commencing at the Northwest corner of said Southeast Quarter marked by a drill hold,
thence bearing South 0 degrees 55 minutes 00 seconds West, a distance of 446.31 feet along
the West line of said Southeast Quarter to the Actual Point of Beginning; thence along the
Southerly right-of-way line of State Route 9 for the next four courses, bearing South 89
degrees 05 minutes 00 seconds East, a distance of 25.99 feet; thence bearing North 58
degrees, 43 minutes 26 seconds East, a distance of 31.80 feet; thence bearing South 63
degrees 16 minutes 24 seconds East, a distance of 145.10 feet; thence bearing South 57
degrees 22 minutes 24 seconds East, a distance of 28.50 feet; thence leaving said Southerly
right-of-way line, bearing South 0 degrees 55 minutes 00 seconds West, a distance of
158.62 feet; thence bearing South 89 degrees 49 minutes 02 seconds West, a distance of
207.81 feet to said West Quarter Section line;thence bearing North 0 degrees 55 minutes 00
seconds East, a distance of 223.83 feet along said West Quarter Section line to the Point of
Beginning.
TRACT 2:
Part of the Southeast Quarter, Section 28, Township 7 North, Range 4 East of the Fourth
Principal Meridian, Fulton County,Illinois, being more particularly described as follows:
Commencing at the Northwest corner of said Southeast Quarter marked by a drill hole;
thence bearing South 0 degrees 55 minutes 00 seconds West, a distance of 670.14 feet along
the West line of said Southeast Quarter to a point; thence bearing North 89 degrees 49
minutes 02 seconds East, a distance of 207.81 feet to the Actual Point of Beginning marked
by an iron pin; thence bearing North 0 degrees 55 minutes 00 seconds East, a distance of
158.62 feet to the South right-of-way line of Illinois State Route 9 marked by an iron pin;
thence bearing South 57 degrees 22 minutes 24 seconds East, a distance of 221.98 feet
along said right-of-way line to a point marked by an iron pin; thence bearing South 87
degrees 13 minutes 24 seconds East, a distance of 92.40 feet along said right-of-way line to
a point marked by an iron pin; thence bearing South 0 degrees 50 minutes 36 seconds West,
a distance of 33.55 feet along said right-of-way line to a point marked by an iron pin;thence
bearing South 89 degrees 49 minutes 02 seconds West, a distance of 281.29 feet to the Point
of Beginning.
PIN(s): 09-08-28-404-001; 09-08-28-404-002
Common Address: 920 W. Locust Street, Canton, IL 61520
WHEREAS, the corporate authorities, by Resolution No. 5443 (adopted August 15,
2023)and by this Resolution, have determined that the Surplus Real Estate (excluding the portion
to be utilized as a right-of-way or roadway) is no longer necessary, appropriate, required for the
use of,profitable to, or for the best interests of the City;
WHEREAS,the Surplus Real Estate has been appraised by Chad A. Beekman, a Certified
General Real Estate Appraiser, and his appraisal indicates a fair market value of Sixty-Five
Thousand and No/100 Dollars ($65,000.00) (the "Appraised Value");
WHEREAS, Gilliam Custom Fabrication is the only person or entity that submitted a
proposal (the "Proposal") for the purchase of the Surplus Real Estate, a copy of which is attached
hereto as "Exhibit A";
WHEREAS,the Proposal offers to purchase the Surplus Real Estate for an amount that is
at least 80%of the appraised value of the Surplus Real Estate, as determined by a written certified
appraisal from a State certified or licensed real estate appraiser(Chad Beekman);
WHEREAS,the corporate authorities have determined that it is in the best interests of the
City to sell the Surplus Real Estate to Gilliam Custom Fabrication, subject to the terms and
conditions set forth herein.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND THE CITY
COUNCIL OF THE CITY OF CANTON,FULTON COUNTY, ILLINOIS AS FOLLOWS:
1. That the Recitals set forth above, and all facts and statements contained therein,
are found to be true and correct and are hereby incorporated and adopted as part of this
Resolution;
2. The Proposal, attached hereto as "Exhibit A," is hereby ACCEPTED and
APPROVED, subject to additional terms and conditions satisfactory to the City;
3. The Mayor is authorized to execute a purchase agreement, for a sale price of
$52,000.00 plus other customary closing costs, and any and all other necessary documents, in
order to sell the Surplus Real Estate to the Gilliam Custom Fabrication;
4. The Mayor is authorized to negotiate the purchase agreement, after consulting
with the City Attorney, in order to effectuate the sale substantially on the same terms and
conditions as in the Proposal and with Section.4 of Resolution 5443, provided that the sale price
does not decrease; and
5. Any Resolutions in conflict with this Resolution are hereby repealed or otherwise
superseded.
6. This Resolution 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 3rd day of October, 2023.
Ayes: Mayor McDowell, Alderpersons Chamberlin, Grimm,Nelson,Lovell, Gossett, Ketcham,
Lingenfelter
Nayes:None
Absent: Alderperson Hale
APP OVED:
kAA, t^f2Pi
en M Dowell, mayor
ATTEST:
, -. /0/74i
drea J. S I th-Walters,
ity Clerk