7028 AUTHORIZING SALE OF REAL ESTATE

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i . . f , „r@,�,�"�.� . • , `;i;� ,�. ORDINANCE I�O. R ��v OR3�INANCE AUT�RIZING S�AI.E OF REAL ESTATE WHEREAS� the City of Decatur, Illinois, owns certain premises in the Northeast Quarter of Section 26, Township 16 North, Range 2 East of the 3rd P.M., which premises are irregular in shape and underlie the northerly poxtions of Lots 10, 11 and 12 of South Shores 23rd Addition as per Plat recorded in Book 1575, page 123 of the Records in the Recorder's Office of Macon County, Illinois, which premises are generally located in the southwest quadrant of the intersection of South Shores Drive and Baywood Drive, a portion of which said premises is currently used for surface water drainage and otherwise said premises are vacant and unused by the City for any purpose; and, WHEREAS, the Council has determined that with the exception of an easement for surface water drainage purposes, it is no longer necessary, appropriate or in the best interest of the City that title thereto be retained by it, a nd that said real estate, except for such easement, is not required for the use of, or profitable to, the City; an d, WI-�REAS, pursuant to statute, notice has been given of a proposal to sell such real estate and bids have been invited for the purchase of such real estate, said notice having been first published on or about the 13th day of August, 1975, and having been published once each week for three successive tiweeks in the Decatur Daily Review, a newspaper published in the City; and, WHEREAS, pursuant to said notice, bids were opened at the regular meeting of the Council held on September 15, 1975, and the only bid for the purchase of such propeYty which was received was the bid of South Shores Development CorpoYation in the amount of $300.00 and, VdiEREAS, the Council finds and determines that the best interests of the City and its residents will be served by the acceptance of the bid sub- mitted by said South Shores Develop�nt Corporation, and the sale of the aforesaid real estate to such bidder for the amount bid of $300.00, which amount represents the high and only bidz I�POW� THEREFORE� BE IT ORDAINED BY THE OOUNCIL OF TI-� CITY OF DECATUR� ILLINOIS; Section l. The Council finds as facts the recitals hereinabove set forth. Section 2. That the bid of South Shores Development Corporation in the amount of $300.00 be, and the same is hereby, accepted by the Council I for the sale of the premises heretofore described. ,