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1 <br /> RESOLUTION NO. R2006-188 <br /> RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY <br /> 301 and 327 NORTH WATER STREET <br /> - OLDE TOWNE REDEVELOPMENT - <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, <br /> ILLINOIS: <br /> Section L That the City Council hereby authorizes the Real Estate Purchase of properties <br /> located at 301 North Water Street from Regions Bank as Trustee under Land Trust No. 2395, and <br /> 327 North Water Street from Chicago Title Land Trust Company as Trustee under Trust No. <br /> 1333766, said real estate purchases pursuant to Option, be, and the same are hereby, received, <br /> placed on file and accepted. <br /> Section 2. That the Mayor and City Clerk be, and they are hereby, authorized and <br /> directed to sign said Real Estate Contract for 30l North VVater Street in the amount of Two <br /> Hundred Seventy-Five Thousand Dollars ($275,000.00) and 327 North Water Street in the <br /> amount of Seventy-Seven Thousand Dollars ($77,000.00) on behalf of the City, and furthermore, <br /> that the City Manager be, and he is hereby, further authorized to cause to be done that which may <br /> appear to be appropriate to cause said real estate to be acquired by and on behalf of the City. <br /> PRESENTED AND ADOPTED this 4t�' day of December, 2006. <br /> /� � A <br /> �. ��1--�� /j �/y> <br /> C,ri!� . /`"/, V - � <br /> PAUL OSBORNE, MAYOR <br /> �TTESZ': <br /> �o —1 -- <br /> � / <br /> � t. ���P C' + C�'�-�L.C� <br /> CITY CLERK i <br /> / .. <br />