O-73-73ORDINANCE NO. 6 =73 -73
AN ORDINANCE PROVIDING FOR AN AGREEMENT FOR THE
PURCHASE OF REAL ESTATE FOR PUBLIC PARKING
FACILITIES AND OTHER MUNICIPAL PURPOSES BY THE
VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS
WHEREAS, it is deemed advisable and necessary for the
welfare of the residents of the Village of Deerfield, Lake and Cook
Counties, Illinois, to improve and expand existing public parking
areas and municipal service areas by purchasing additional available
real estate suitable for said purposes; and
WHEREAS, pursuant to the provisions of Division 61 of
Article 11 of the Illinois Municipal Code, as amended, the Village
is authorized to purchase real and personal property for public
purposes pursuant to contracts which provide for the consideration
for such purchase to be paid in annual installments during a period
not exceeding ten (10) years; and
WHEREAS, the corporate authorities of the Village of
Deerfield deem the real estate commonly known as 865 Deerfield Road,
Deerfield, Illinois and legally described in attached Exhibit A,
suitable and desirable for the aforesaid municipal purposes and have
negotiated with the owners, a contract for the purchase of said real
estate in form and substance the same as that marked Exhibit A and
attached hereto and made a part hereof; and
WHEREAS, pursuant to the provisions of said Division 61
of Article 11 of the Illinois Municipal Code, as amended, it is
required that the President and Board of Trustees of this Village
adopt an ordinance providing for the purchase of said real estate,-a;nd
upon execution of an agreement for that purpose to provide for the
payment of principal and interest on said installments from general
corporate funds and revenues of the Village.
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, AS FOLLOWS:
SECTION That it.is hereby determined to be-advisable,
ONE: necessary and in the best interest'of the Village
of Deerfield that the real estate commonly known
as 865 Deerfield Road, Deerfield, Illinois, and legally described on
attached Exhibit A, be purchased by the Village of Deerfield for
municipal purposes in accordance with and pursuant to the terms and
conditions of the agreement to purchase marked Exhibit A and attached
hereto and made a part hereof, which agreement is hereby approved.
SECTION That from and after the effective date of this
TWO: ordinance the President and Clerk of the Village
of Deerfield,. Lake and Cook.Counties, Illinois,
be and are hereby authorized and directed to execute the said
agreement herein provided for, and to do all things necessary and
essential, including the execution of any documents and certificates
necessary to carry out the provisions of said agreement.
SECTION That this ordinance shall take effect from and
THREE: after its passage and approval in accordance
with law.
AYES : SIX (6)
NAYS : NONE (0)
ABSENT: NONE (0)
PASSED this 17th day of December A.D. 1973.
APPROVED this 17th day of
ATTEST:
VILLAGE CLERK
December
A.D. 1973.