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R95-146 ACCEPTING NOMINATION BY CICD
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R95-146 ACCEPTING NOMINATION BY CICD
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7/8/2016 1:36:42 PM
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Resolution/Ordinance
Res Ord Num
R95-146
Res Ord Title
ACCEPTING NOMINATION BY CICD REGARDING OPTIONS TO PURCHASE REAL PROPERTY
Approved Date
10/9/1995
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:C�MMUNITY <br /> � NVESTMENT <br /> ORPORATION OF <br /> � ECATUR, INC. <br /> October 5, 1995 <br /> Mayor Terry Howley <br />, and City Council Members, <br />, #1 Gary K. Anderson Plaza <br />, Decatur, IL 62523 <br /> Community Investment Corporation of Decatur, Inc. (CICD), is cunently the owner and <br /> i holder of four Options to purchase real estate. Copies of the Options are attached to this letter <br /> for your review. These Options concern parcels of real estate commonly known as: <br /> 134 E. Prairie, Decatur, IL <br /> 138 E. Prairie, Decatur, IL <br /> 211 N. Water, Decatur, IL <br /> 221 N. Water, Decatur, IL <br /> 225 N. Water, Decatur, Il <br /> 227 N. Water, Decatur, IL <br /> 259-261 N. Water, Decatur, IL <br /> CICD will agree to designate City of Decatur, Illinois as its nominee under the terms of <br /> the four Options to receive title to the above mentioned properties at the closing of the purchases <br /> of the properties. In return for designation as nominee, City of Decatur, Illinois will be required <br /> to pay the purchase price of the properties and all proper closing costs charged to the buyer at <br /> each closing. <br /> Very truly yours, <br /> � COMMUNITY INVESTMENT <br /> CORPORATION OF DECATUR, INC. <br /> `� <br /> ��f,/� ' <br /> Rola da Johnson, P sident <br /> 142 EAST PRAIRIE STREET • DECATUR, ILLINOIS 62523 • (217) 423-0352 <br />
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