R-837 - 03/11/2003 - TAX - ResolutionsRESOLUTION 2003 -TX- PRPTY- EXP -R- 837
A RESOLUTION AUTHORIZING THE SALE
OF SURPLUS PUBLIC REAL ESTATE
(A Portion of Lot 5 of the Sports Core/Westchester Park Subdivision)
WHEREAS, Section 11 -76 -4 1 of the Illinois Municipal Code (65 ILCS 5/11 -76 -4 1)
provides that the corporate authorities of a municipality may, by resolution, authorize the sale of
surplus public real estate and further provides that the value of the real estate shall be determined
by a written certified appraisal or other appraisal as set forth in the statute, and
WHEREAS, that the following question of public policy was placed on the ballot at the
November 3, 1998 general election
Shall the Village of Oak Brook be authorized to sell not more than three (3) acres
)f vacant real estate fronting on Coolidge Street and Lincoln Road in the
+Vestchester Park Resubdivision north of Oak Brook Road (31St Street) and west
)f York Road in the Village of Oak Brook for single - family residential use, the
)roceeds of the sale to be used for making capital improvements at the Oak
3rook Golf Club ? ", and
WHEREAS, a majority of the electors of the Village voting at the November 3, 1998
election on the foregoing question voted in favor of the foregoing question of public policy; and
WHEREAS, the President and Board of Trustees of the Village of Oak Brook find that a
portion of Lot 5 of the Sports Core/Westchester Park Subdivision, comprising approximately 8,526
square feet, and legally described as follows
hat part of lot 5 in Sports Core/Westchester Park Subdivision, being a
ubdivision in the East half of the Southwest Quarter of Section 25, Township 39
lorth, Range 11, East of the Third Principal Meridian, in DuPage County
corded on November 6, 2002 as Document Number R2002- 302921, described
s follows
'arcel 1
3eginning at the northwest corner of said lot 5, then proceeding N890- 58' -16 "E
(long the north line of said lot 5 a distance of 140 19 feet to the northeast corner
)f said lot 5, then S00°- 03' -04 "W along the east line of said lot 5 a distance of
?0 00 feet more or less to the north line extended of lot 1 of Becker's
Resubdivision, being a subdivision in -the East half of the Southwest Quarter of
Section 25, Township 39 North, Range 11, East of the Third Principal Meridian, in
)uPage County recorded on October 9, 1997 as Document Number R97-
154108, then S890- 58' -16 "W along the north line of said lot 1 of Becker's
Resubdivision a distance of 140 20 feet more or less to a point on the west line of
;aid lot 5 (said point being the northwest corner of said lot 1 of Becker's
Resubdivision), then N00°- 04' -41 "E along the west line of said lot 5 a distance of
?0 00 feet more or less to the point of beginning, and
Resolution 2003 -TX- PRPTY- EXP -R- 837
Authorizing the Sale of Surplus Public
Real Estate, Page 2
'arcel 2:
commencing at the northwest corner of said lot 5, then proceeding N89°- 58' -16 "E
along the north line of said lot 5 a distance of 140 19 feet to the northeast corner
)f said lot 5, then S00°- 03' -04 "W along the east line of said lot 5 a distance of
?0.00 feet more or less to a point on the north line extended of said lot 1 of
3ecker's Resubdivision, said point being the Point of Beginning, then continuing
3000- 03' -04 "W along the east line of said lot 5 a distance of 75.04 feet more or
ess to the south line extended of said lot 1 of Becker's Resubdivision, then N89°-
)6' -50 "W along the south line extended of said lot 1 of Becker's Resubdivision a
listance of 10 00 feet more or less to the southeast corner of said lot 1, then
q00 °- 03' -04 "E along the east line of said lot 1 a distance of 75 04 to the northeast
;orner of said lot 1, then N89°- 58' -16 "E along the north line extended of said lot 1
3 distance of 10.00 more or less to the Point of Beginning, and
'arcel 3.
,ommencing at the northwest corner of said lot 5, then proceeding N89°- 58' -16 "E
long the north line of said lot 5 a distance of 140.19 feet to the northeast corner
f said lot 5, then S00°- 03' -04 "W along the east line of said lot 5 a distance of
5.04 feet more or less to a point on the south line extended of said lot 1 of
Decker's Resubdivision, said point being the Point of Beginning, then continuing
00 °- 03' -04 "W along the east line of said lot 5 a distance of 35 39 feet more or
;ss to the south line of said lot 5, then N890- 57' -03 "W along the south line of said
)t 5 a distance of 140 26 feet to the southwest corner of said lot 5, then N00° -04'-
1 "E along the west line of said lot 5 a distance of 35 37 feet more or less to the
outhwest corner of said lot 1 of Becker's Resubdivision, then S890- 56' -50 "E
long the south line of said lot 1 a distance of 140 00 feet more or less to the
'oint of Beginning
anent Parcel (Part) No 06 -25- 302 -044
now own, ed by the Village is not required for the use of the Village of Oak Brook and is hereby
declared surplus public real estate, and
WHEREAS, the Village has obtained a written appraisal by Paul V. Davis, an Illinois
certified general appraiser of the Collins /Davis Appraisal Group, who as of September 4, 2002,
appraised the value of the Subject Property at $60,000.00, and
WHEREAS, the Subject Property is a vacant parcel shaped like a "u" on its side with 20
feet of frontage on Lincoln Road on the north "arm ", ten feet on the rear or west "arm" and 35 feet
of frontage on Lincoln Road on the south "arm" and contains approximately 8,526 square feet
This lot is not a buildable lot and is located in the R -3 Single - Family Residential District, and
WHEREAS, the appraisal by Paul V Davis is available in the office of the Village Clerk for
public inspection, and
WHEREAS, the Village is desirous of selling the Subject Property; and
WHEREAS, Section 11 -76 -4 1 of the Illinois Municipal Code provides that the corporate'
authorities may accept any contract proposal for purchase of surplus real estate as determined by
them to b in the best interest of the municipality by a vote of two - thirds of the corporate
authorities then holding office, but in no event at a price less than 80% of the appraised value, and
(WHEREAS, the corporate authorities find that they do not wish to sell the Subject
Property, for less than the appraised value, and
Resolution 2003 -TX- PRPTY -EXP -R -837
Authorizing the Sale of Surplus Public
Real Estate, Page 3
WHEREAS, it is in the best interest of the Village of Oak Brook to offer the Subject
Property for sale as indicated above.
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF OAK BROOK, DU PAGE AND COOK COUNTIES, ILLINOIS
as follows.
ion 1. That the corporate authorities find as fact the recitals hereinabove set forth.
Section 2 That the Village Clerk is authorized and directed to publish this resolution at
the first opportunity following its passage in a newspaper published in the County of DuPage
Section 3. That the corporate authorities hereby declare the portion of Lot 5 in the Sports
Core/Westchester Park Subdivision, legally described below as surplus public real estate, and
authorize the sale of this surplus public real estate which is comprised of approximately 8,526
square feet and is legally described as follows.
That part of lot 5 in Sports Core /Westchester Park Subdivision, being a
I
ubdivision in the East half of the Southwest Quarter of Section 25, Township 39
North, Range 11, East of the Third Principal Meridian, in DuPage County
recorded on November 6, 2002 as Document Number R2002- 302921, described
as follows
'arcel 1:
�eginnmg at the northwest corner of said lot 5, then proceeding N890- 58' -16 "E
long the north line of said lot 5 a distance of 140 19 feet to the northeast corner
f said lot 5, then S00°- 03' -04 "W along the east line of said lot 5 a distance of
0 00 feet more or less to the north line extended of lot 1 of Becker's
;esubdivision, being a subdivision in the East half of the Southwest Quarter of
section 25, Township 39 North, Range 11, East of the Third Principal Meridian, in
iuPage County recorded on October 9, 1997 as Document Number R97-
54108, then S890- 58' -16 "W along the north line of said lot 1 of Becker's
;esubdivision a distance of 140.20 feet more or less to a point on the west line of
aid lot 5 (said point being the northwest corner of said lot 1 of Becker's
;esubdivision), then N000-04'41"E along the west line of said lot 5 a distance of
0 00 feet more or less to the point of beginning; and
'arcel 2-
-,ommencing at the northwest corner of said lot 5, then proceeding N890- 58' -16 "E
along the north line of said lot 5 a distance of 140 19 feet to the northeast corner
)f said lot 5, then S00 °- 03' -04 "W along the east line of said lot 5 a distance of
?0 00 feet more or less to a point on the north line extended of said lot 1 of
3ecker's Resubdivision, said point being the Point of Beginning, then continuing
300°- 03' -04 "W along the east line of said lot 5 a distance of 75 04 feet more or
ess to the south line extended of said lot 1 of Becker's Resubdivision, then N89°-
i6' -50 "W along the south line extended of said lot 1 of Becker's Resubdivision a
listance of 10 00 feet more or less to the southeast corner of said lot 1, then
X100°- 03' -04 "E along the east line of said lot 1 a distance of 75 04 to the northeast
;orner of said lot 1, then N89°- 58' -16 "E along the north line extended of said lot 1
3 distance of 10.00 more or less to the Point of Beginning, and
Resolution 2003 -TX- PRPTY- EXP -R- 837
Authorizing the Sale of Surplus Public
Real Estate, Page 4
'arcel 3-
;ommencing at the northwest corner of said lot 5, then proceeding N890- 58' -16 "E
long the north line of said lot 5 a distance of 140 19 feet to the northeast corner
f said lot 5, then S00°- 03' -04 "W along the east line of said lot 5 a distance of
5 04 feet more or less to a point on the south line extended of said lot 1 of
lecker's Resubdivision, said point being the Point of Beginning, then continuing
100 0- along the east line of said lot 5 a distance of 35 39 feet more or
)ss to the south line of said lot 5, then N890- 57' -03 "W along the south line of said
it 5 a distance of 140 26 feet to the southwest corner of said lot 5, then N00° -04'-
1 "E along the west line of said lot 5 a distance of 35 37 feet more or less to the
outhwest corner of said lot 1 of Becker's Resubdivision, then S890- 56' -50 "E
long the south line of said lot 1 a distance of 140 00 feet more or less to the
'oint of Beginning
ermanent Parcel (Part) No 06 -25- 302 -044
Section 4- That the corporate authorities hereby authorize and direct the staff to solicit
written, sealed offers to enter into a real estate sale contract at a proposed sale price of not less
than $60,000 00 with the Village for the purchase of a portion of Lot 5 (approximately 8,526
square feet) in the Sports Core/Westchester Park Subdivision as legally described above The
offeror with the highest proposed purchase price will have the first opportunity to enter into a real
estate sale contract with the Village for purchase of the Subject Property. All real estate sale
contracts are subject to the approval of the Village Board All offers must be cash, with no
financing contingencies All sealed offers to enter into a real estate contract setting forth the
proposed price must be received in care of the Village Manager, at the office of the Village
Manager, 1200 Oak Brook Road, Oak Brook, IL 60523, not later than 12 00 noon on Friday, April
4, 2003. The sealed offer to enter into a real estate sale contract at a proposed purchase price is
not legally binding, but the proposed purchase price in the sealed offer will determine the order in
which the Village will consider the offer to enter into a real estate contract for sale of the Subject
Property An offeror's package, including a title commitment, survey and form of real estate sale
contract will be available on March 13, 2003 in the office of the Village Manager Within five (5)
business days after notification that it is the offeror submitting the highest proposed purchase
price, said offeror must submit a fully executed real estate sale contract and a certified or
cashier's check in the amount of $6,000 in earnest money to the Village Manager for approval by
the Village Board. No interest shall be paid on the earnest money. This offeror must be ready to
close on the purchase of the Subject Property within fifteen (15) business days of notification that
the Village Board has approved the contract Questions about the sale of the Subject Property
should be directed to Margaret Rimbo, telephone number 630 - 990 -5731.
Section 5 That the corporate authorities by a two - thirds vote may accept any offer
embodied in a real estate sale contract which is determined by them to meet the appraised value
of the S bject Property and to be in the best interest of the Village. The corporate authorities
reserve the right to reject any and all offers.
Section 6 That this resolution shall be in full force and effect from and after its passage
and publication as provided by law.
Resolution 2003 -TX- PRPTY- EXP -R- 837
Authorizing the Sale of Surplus Public
Real Estate, Page 5
PASSED AND APPROVED this 11th day of March, 2003 by the President and Board of
Trustees of the Village of Oak Brook, DuPage and Cook Counties, Illinois, according to a roll call
vote as follows.
Ayes Trustees Aktipis, Caleel, Craig, Korin and Savino
Nays None
Absent. Trustee Miologos
Abstain I None
,�•�, ,', Y, _ 1, ; , ' Village President