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R91-145 AUTHORIZING REAL ESTATE PURCHASE AGREEMENT - DREDGING STORAGE BASIN
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R91-145 AUTHORIZING REAL ESTATE PURCHASE AGREEMENT - DREDGING STORAGE BASIN
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7/25/2016 2:10:31 PM
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Resolution/Ordinance
Res Ord Num
R91-145
Res Ord Title
AUTHORIZING REAL ESTATE PURCHASE AGREEMENT - DREDGING STORAGE BASIN - CITY PROJECT
Approved Date
10/7/1991
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. � , , <br /> • • ? r . <br /> 2 <br /> Section 3 , running thence North for 286 feet; <br /> thence East for 456. 92 feet; thence South for <br /> 286 feet; thence West for 456. 92 feet to the <br /> point of beginning, <br /> and <br /> Beginning at the Southeast corner of the <br /> Northeast Quarter (1/4) of the Northwest <br /> Quarter (1/4) of Section 3, Township 16 North, <br /> Range 3 East of the 3rd P.M. , thence South <br /> along the Quarter Section Line 191. 04 feet to <br /> a point, thence West 1377 . 11 feet to a point <br /> on the West line of the Southeast Quarter <br /> (1/4) of the Northwest Quarter (1/4) of said <br /> Section 3 ; thence North along the Quarter <br /> Section line 194 . 62 feet to the Southwest <br /> corner of the Northeast Quarter (1/4) of the <br /> Northwest Quarter (1/4) of said Section 3 , <br /> thence East along the South lin� of the <br /> Quarter Section line to the point of <br /> beginning, all situated in Oakley Township, <br /> Macon County, Illinois. <br /> 26.37 <br /> , and <br /> WHEREAS, City by way of letter offer dated June 18 , 1991 <br /> addressed to Lawson has offered to purchase Tracts 1 and 2 for an <br /> average price of $2100. 00 per acre or for a total of $321, 200 and <br /> in said letter offer has stated that said Tracts if not voluntarily <br /> conveyed woulc? be acquired by eminent domain proceedings, and <br /> A�iEREAs, City did file August 12, 1991 its Complaint for <br /> Condemnation ("Complaint") in the Circuit Court of Macon County, <br /> Illinois under Cause No. 91-ED-2 wherein City prays that said <br /> Tracts 1 and 2 and other ground be condemned upon the payment of <br /> just compensation therefore, and <br /> WHEREAS, subject to the terms and conditions hereinafter set <br /> forth, Lawson has expressed her willingness to convey said Tracts <br /> 1 and 2 for the compensation offered therefore provided City pay <br /> just compensation for Tract 3 which adjoins Tract 2 and which Tract <br /> 3 Lawson contends is damaged by said taking, and <br /> WHEREAS, subject to the terms hereinafter set forth, the City <br /> is willing to also purchase Tract 3 at the purchase price of $1, 750 <br /> per acre or at a gross purchase price of $46, 147 . 50 and which <br /> purchase price is agreeable to Lawson, - <br /> NOW, THEREFORE, for and in consideration of the mutual <br /> covenants hereinafter set forth Lawson and City agree as follows: <br />
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