R2002-217 AUTHORIZING EXECUTION OF AGREEMENT

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�' `'._ , W HEREAS,the Decatur School District has a commitment from the State of Illinois for a grant of funds to build the new elementary school and to expand existing buildings with new facilities,at least one or more of which will provide integrated and upgraded classroom space to serve those students now attending Sunnyside School; and WHEREAS,the Board of Education,because of the various factors described in this Resolution,has determined thatthe Mound School and Sunnyside School buildings and sites will be unnecessary,unsuitable and no longer needed for school purposes in the 2004 school year; and WHEREAS,the Loca/GovernmentProperty TransferActauthorizes school districts the right to grant or convey real estate to the City of Decatur upon such terms as may be agreed upon by said governmental bodies; and W HEREAS,the Charter issued to Decatur District No.61 bythe State of Illinois gives the Board the right to sell school real estate as it deems to be in the best interest of the District; and WHEREAS,the Board believes it to be in the best interest of the District as a whole, its students,and the residents and taxpayers in the District to accept the contract offer of the City of Decatur. NOW, THEREFORE, BE IT RESOLVED: SECTION 1: The Board herebyfinds that all of the recitals contained in the preambles to this Resolution are full, true and correct and does hereby incorporate them into this Resolution by reference. Section 2: The Board determines that the Mound School and Sunnyside School , buildings and sites will no longer be necessary, convenient and suitable for use as school facilities in the 2004 school year. Section 3: The Board believes it to be in the best interest of its students,the District as a whole,and the resident/taxpayers that the school properties described herein be sold to the City of Decaturforthe sum of Five Million Dollars($5,000,000.00)pursuant to the contract attached hereto and made a part hereof. Section 4: The Board hereby accepts the offerofthe Cityof Decatur, Illinois underthe terms and conditions contained in said contract presented to the Board herewith. Section 5: The officers of this Board are authorized and directed to execute the contract presented and to sign such otherdocuments as may be required to perForm the terms of said contract.