R-893 - 02/08/2005 - TAX - ResolutionsRESOLUTION 2005- AG -TX- PRPTY -EX1 -R -893
A RESOLUTION AUTHORIZING EXECUTION OF REAL ESTATE SALE CONT
(Lots 1 and 2 -- Sports Core /Westchester Park Subdivision, 06 -25- 302 -043, 06 -25- 302 -045)
WHEREAS, the Village of Oak Brook is the owner of the following described real estate
LOTS 1 AND 2 IN SPORTS CORE /WESTCH ESTER PARK SUBDIVISION, BEING
RESUBDIVISION OF PART OF THE EAST HALF OF THE SOUTHWEST QUARTER (
SECTION 25, TOWNSHIP 39 NORTH, RANGE 11, EAST OF THE THIRD PRINCIP,
MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED NOVEMBER 6, 20
AS DOCUMENT NO R- 2002 - 302921 IN DUPAGE COUNTY, ILLINOIS
PERMANENT PARCEL (PART) NOS 06 -25- 302 -043, 06 -25- 302 -045
which Lot 1 is located at the east side of Lincoln Road approximately 255 feet north of Oak Brook
Road /31St Street in the Village of Oak Brook, and is currently vacant, and Lot 2 is located on th,e
east side of Lincoln Road approximately 200 feet north of Oak Brook Road /31St Street, and is
currently vacant, ( "the Subject Property"), and
WHEREAS, pursuant to Section 11 -76 -4 1 of the Illinois Municipal Code, 65 ILCS 5/11-
76-4 1, the Village Board has heretofore passed "A Resolution Authorizing the Sale of Surplus
Public Real Estate" in which the Village Board declared the Subject Property as surplus public real
estate, {
WHEREAS, Harish Shownkeen, hereinafter referred to as Purchaser, of 205 Ambriande
Drive, Burr Ridge, Illinois 60527, has offered to enter into a real estate sale contract with the
Village to purchase the Subject Property at a purchase price of One Million One Hundred
Thousand Dollars ($1,100,000 00), and
WHEREAS, Purchaser has signed and submitted a Real Estate Sale Contract with the
Village at the proposed purchase price, a copy of which Contract is attached hereto as Exhibit "A ",
and have agreed to furnish to the Village an earnest money check in the amount of Forty
Thousand Dollars ($40,000 00), and
WHEREAS, the corporate authorities find and determine that the best interests of the
Village of Oak Brook will be served by the acceptance of the Real Estate Sale Contract signed by
Purchaser,
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of the Village of
Oak Brook, DuPage and Cook Counties, Illinois, as follows
Section 1 The foregoing recitals are incorporated herein as findings of the corporate a
Section 2 The Village Manager and Village Clerk are hereby authorized and directed t
a Real Estate Sale Contract with Purchaser for the sale of Lots 1 and 2 in Sports Core/Westch(
Subdivision in the amount of One Million, One Hundred Thousand Dollars ($1,100,000 00) 1
hereby approves said Contract, a copy of which is attached hereto and labeled Exhibit "A"
orities
D execute
aster Park
'he Board
Resolution 2005- AG -TX- PRPTY -EX1 -R -893
Authorizing the Execution of Real Estate
Sale Contract , Page 2
(Lots 1 &2,Westchester Park,06 -25 -302- 043,045)
Section 3 Upon satisfaction of the terms of the aforesaid Real Estate Sale Contract and upon the
payment of the sales price in the manner provided in said Contract, the Village Manager lis hereby
authorized and directed to convey and transfer the Subject Property to Purchaser by proper deed of
conveyance, and the Village Clerk is hereby authorized to acknowledge and attest such deed and to affix
thereto the seal of the Village of Oak Brook
Section 4 The Village Manager and Village Clerk are hereby authorized and directed,
respectively, to execute and attest such other documents as may be necessary for the conveyance herein
authorized I
Section 5 All resolutions or parts of resolutions in conflict with this resolution are hereby repealed
to the extent of the conflict
Section 6 This resolution shall be in full force and effect from and after its passage,
and publication as required by law
Ayes
Nays
APPROVED THIS 8th day of February, 2005
PASSED THIS 8th day of February, 2005
None
0
� e
Kevin uinlan,
Villaab President
tees Aktipis, Craig, Korin, Yusuf
Absent Trustees Caleel and Zannis
♦:Nam S �
ATTEST
Linda K Gonnella, CMC
Village Clerk
approval