HomeMy WebLinkAboutOrdinance # 1943ORDINANCE NO. 19 4 3
AN ORDINANCE AUTHORIZING SALE OF MUNICIPALLY OWNED REAL
PROPERTY LOCATED AT LOT #13 INDUSTRIAL PARK, CANTON, ILLINOIS
PURSUANT TO THE TERMS OF A DEVELOPMENT AGREEMENT AND DIRECTING
THE MAYOR AND CITY CLERK TO EXECUTE AND DELIVER SAID AGREEMENT ON
BEHALF OF THE CITY OF CANTON, ILLINOIS.
WHEREAS, the City of Canton has acquired fee simple title to a vacant parcel of real
estate commonly known as Lot #13 of the Industrial Park, Canton, Illinois; and
WHEREAS, the City Council of the City of Canton has determined that it is no longer
necessary, appropriate, or in the best interest of the City of Canton that it retain title to said real
estate, and that said real estate is not required for the use of, or profitable to, the Municipality;
and
WHEREAS, pursuant to Section 5/11-76-2 of the Illinois Municipal Code (65 ILCS 5/11-
76-2) notice has been given of the proposal to sell such real estate and bids have been invited for
the purchase of such real estate, said notice having first been published on April 22, 2008. The
notice contained the common address and legal description, and having been published for three
successive weeks in The Daily Ledger, a daily newspaper published in the municipality; and
WHEREAS, pursuant to said notice, bids were opened at the meeting of the Canton City
Council on May 20, 2008; and
WHEREAS, the following bid for the purchase of said property was received:
BIDDER
AMOUNT
TRAC EQUIPMENT $100.00
WHEREAS, the City Council finds and determines that the best interests of the City of
Canton and its residents will be served by the acceptance of the bid submitted by TRAC
EQUIPMENT and the sale of the aforesaid real estate to such bidder for the amount bid of
$100.00, which amount represents the highest and best bid, pursuant to the terms of a
Development Agreement, attached hereto and incorporated herein as Exhibit "A"; and
WHEREAS, the City Council of the City of Canton has made a similar determination.
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Canton,
Fulton County, Illinois, as follows:
SECTION ONE: The City Council finds as facts the recitals hereinabove set forth.
SECTION TWO: The bid of TRAC EQUIPMENT in the amount of $100.00 is hereby
accepted by the City Council of the City of Canton contingent upon terms outlined in the
Development Agreement (Exhibit A) for the sale of the following legally described real
estate:
Lot Number Thirteen (13) of the Enterprise Industrial District pursuant to the
Subdivision Plat thereof filed in the Fulton County, Illinois recorder's office on
October 26, 1981, as Instrument number 84-8960, containing 2.4 acres, more or
less, subject to all present and future easements, covenants, and restrictions, all of
the foregoing real property being situated in the City of Canton, County of Fulton,
State of Illinois.
Common address: Lot #13 Industrial District, Canton, Illinois
SECTION THREE: Upon the payment or securing of the aforesaid bid price, the Mayor
is hereby authorized and directed to convey and transfer the aforesaid real estate to the
above-referenced bidders by proper deeds 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.
SECTION FIVE: The Mayor and the Clerk are hereby authorized, respectively, to
execute and attest the Development Agreement and any other documents as may be
necessary to the conveyance herein authorized.
SECTION SIX: 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 16th DAY OF September , 2008
AYES: Aldermen Lewis, Strandberg, Ihnes, Nidiffer, Sarff, Berardi,
Schenck.
NAYES: None .
ABSENT:Alderman West.
APP~V D:
Kevin R. Meade, Mayor
ATTEST:
Nancy Whi s, City Clerk