Town Notice: A Resolution Authorizing the Sale of Certain Retail Property

A RESOLUTION AUTHORIZING THE SALE OF CERTAIN REAL PROPERTY LOCATED AT 4716 WEST 12TH PLACE, CICERO, ILLINOIS, FOR THE TOWN OF CICERO, COUNTY OF COOK, STATE OF ILLINOIS

WHEREAS, the Town of Cicero (“the Town”) was created by a charter enacted by the Illinois General Assembly (the “Charter”); and

WHEREAS, the Corporate Authorities of the Town (as defined in the pdf attachment) are governed by the Charter and the Constitution of the State of Illinois and the statues of the State of Illinois when not specified in the Charter; and

WHEREAS, the Town is a home rule unit of local government as is provided by Article VII, Section 6 of the Illinois Constitution of 1970, and as a home rule unit of local government the Town may exercise any power and perform any function pertaining to its government and affairs; and

WHEREAS, the Town is the owner of the real property located at the address commonly known as 4716 West 12th Place, Cicero, Illinois 60804, which is legally described as set forth on Exhibit A (of pdf attachment), attached hereto and incorporated herein (the “Property”); and

WHEREAS, pursuant to Section 11-76-4.1 of the Illinois Municipal Code (65 ILCS 5/11-76-4.1)(the “Municipal Code”) and Section 2-875 of The Code of Ordinances of the Town of Cicero, Illinois (the “Town Code”), the Corporate Authorities (as defined herein) of the Town may authorize by resolution the sale or public auction of surplus public real estate; and

WHEREAS, information concerning the size, use and zoning of the Property is set forth on Exhibit A, attached hereto and incorporated herein; and

WHEREAS, the Town President (the “President”) and the Board of Trustees of the Town (the “Town Board” and, with the President, the “Corporate Authorities”) determined and do hereby determine that the Property is no longer necessary or useful for the operations of the Town and further declare that it is not in the best interests of the Town or its residents to retain title to the Property; and

WHEREAS, in accordance with Section 11-76-4.1 of the Municipal Code and Section 2-875 of the Town Code, the Corporate Authorities deemed and do hereby deem the Property surplus property; and

WHEREAS, pursuant to Section 11-76-4.1 of the Municipal Code and Section 2-875 of the Town Code, the Corporate Authorities had the value of the Property determined by a written appraisal, which appraisal is available in the Town Clerk’s office for public inspection during regular Town business hours; and

WHEREAS, the Corporate Authorities have determined that it is in the best interests of the Town and its residents to sell the Property, which sale shall be conducted by staff, independent contractors and/or agents of the Town (collectively, “Town Staff”); and

WHEREAS, the Corporate Authorities believe that it is in the best interests of the Town to authorize the President, the Town Attorney (the “Attorney) and Town Staff to take all necessary ┬ásteps to sell and dispose of the Property in accordance with Section 2-875 of the Town Code; and

WHEREAS, the purchaser of the Property (the “Purchaser”) will purchase the Property from the Town for at least eighty percent (80%) of appraised value and in accordance with the provisions of that certain Purchase and Sale Agreement (the “Agreement”), which is available in the Town Clerk’s office for public inspection during regular Town business hours; and

WHEREAS, the Corporate Authorities hereby determine that it is in the best interests of the Town and its residents to authorize the sale of the Property to the Purchaser in accordance with the terms of Agreement; and

WHEREAS, the President is authorized to enter into and the Attorney is authorized to revise agreements for the Town making such insertions, omissions and changes as shall be approved by the President and the Attorney;

NOW, THEREFORE, BE IT RESOLVED by the President and the duly authorized Board of Trustees of the Town of Cicero, County of Cook, State of Illinois, as attached in the pdf.

Resolution Authorizing the Sale of Certain Real Property 25.17