R-200 - 04/10/1976 - TAX - Resolutions® R -C260
RESOLUTION NO.
TY-
(EMpT
PRopERTy
' RENIES�atE
+A eprr,�sicr�e
TO vog
SE cep
319*tweyets
RESOLUTION AUTHORIZING EXECUTION AND DELIVERY OF ASSIGNMENT
AND ACCEPTANCE OF A CERTAIN REAL ESTATE SALE CONTRACT
WHEREAS, the Corporate Authorities of the Village of Oak Brook,
DuPage and Cook Counties, Illinois, deem it to be in the best interest of
the Village for the Village to acquire the property situated at the southeast
corner of 31st Street and Meyers Road, Oak Brook, Illinois, for municipal
purposes; and
WHEREAS, one Frederick A. Bragiel has entered into a contract with
the owner of said property, one Nancy Esposito, to purchase said property at
a price of One Hundred Thirty Thousand Dollars ($130, Ono. 00) and said
Frederick A. Bragiel is willing to assign ail of his right, title, and interest
in and to the purchase of said property to the Village of Oak Brook and the
Village of Oak Brook is willing to accept the assignment of said rights and
interests and to purchase the said property in accordance with the terms and
provisions of the aforesaid contract; and
WHEREAS, the Corporate Authorities of the Village of Oak Brook deem
the passage of this Resolution, the execution and delivery of said assignment
and acceptance agreement and the implementation of the purport of this
Resolution and the terms and provisions of said Real Estate Sale Contract to
be in the best interest of the Village.
IIOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE OF OAK
BROOK, COUNTIES OF DU PAGE AND COOK, STATE OF ILLINOIS:
SECTION 1: The provisions of the preamble hereinabove set forth are hereby
restated and incorporated herein as though herein fully set forth.
SECTION 2: The President of the Village be and he is hereby empowered and
directed for and on behalf of the Village to enter Into, execute, and deliver the
assignment and acceptance of that certain Real Estate Sale Contract by and
between Frederick A. Bragiel, as Purchaser, and Nancy Esposito, as Seller,
relative to the purchase of that certain property situated generally at the
southeast corner of 31st Street and Meyers Road, Oak Brook, Illinois, the
terms, provisions, and conditions of which shall take substantially the form
of the Assignment and Acceptance Agreement and Real Estate Sale Contract
annexed hereto and identified as Exhibit A.
SECTION 3: The Village Clerk of the Village Is hereby authorized and directed
to attest to the execution of said Assignment and Acceptance Agreement, affix
the corporate seal thereto, and to certify the passage of this Resolution, all
as otherwise provided by the ordinances of the Village of Oak Brook and the
laws of the State of Illinois.
SECTION 4: The President and Village Clerk be and they are hereby authorised,
empowered, and directed for and on behalf of the Village to do all such further
acts and things and to execute all such further documents and instruments as the
AMIL
President of the Village shall deem necessary and prudent in order to carry
out the intent and purposes of this Resolution and the terms, provisions, and
condition of the aforesaid Assignment and Acceptance Agreement and Real
Estate tole Contract.
SECTION 5: This Resolution shell be in full force and effect from and after
its passage and approval as required by Law.
APPROY�D
ATTEST:
i
,/ President
�
village lark
AYES: %
NAYS: D
ASSENT: O
V FORM:
Village Attorney
-9-
ASSIGNMENT AND ACCEPTANCE
OF
REAL ESTATE SALE CONTRACT
THIS AGREEMENT is entered into by and between FREDERICK A.
BRAGIEL, as Assignor, and the VILLAGE OF OAK BROOK, a Municipal
Corporation of DuPage and Cook Counties, Illinois, as Assignee /Acceptor.
WHEREAS, FREDERICK A. BRAGIEL has entered into a certain
Real Estate Sale Contract with Nancy Esposito pertaining to the purchase
by said FREDERICK A. BRAGIEL of certain property situated at the south-
east corner of Slat Street and Meyers Road, Oak Brook, Illinois, for a
price of ONE HUNDRED THIRTY THOUSAND DOLLARS ($930, 000.00),
a copy of said Real Estate Sale Contract being annexed hereto as Exhibit A; and
WHEREAS, said FREDERICK A. BRAGIEL is willing to assign all of his
right, title, and interest in and under said Real Estate Sale Contract to the
VILLAGE OF OAK BROOK and the VILLAGE OF OAK BROOK is willing to
accept the assignment of all said right, title, and interest.
NOW. THEREFORE, for good and valuable consideration, the receipt
of which is hereby ac=owledged, said FREDERICK A. BRAGIEL, as Purchaser
under that certain Real Estate Sale Contract with Nancy Esposito pertaining to
that certain property situated generally at the southeast corner of 3lst Street
and Meyers Road, Oak Brook, Illinois, does hereby assign all of his right,
title, and interest under said Real Estate Sale Contract unto the VILLAGE OF
OAK BROOK, a Municipal Corporation of Dupage and Cook Counties, Illinois,
and the VILLAGE OF OAK BROOK hereby accepts said assignment and assumes
all right, title, and interest of said FREDERICK A. BRAGIEL, as Purchaser
under said Real Estate Sale Contract, in accordance with the terms, provisions,
and conditions set forth in said Contract.
Frederick A. Br iel
"Assignor"
— /V11LAGEOF OAK BJMK
ATTEST:
�„ / esignee /Acceptor" ,
village Ci
F` -' "" "' - -- tewcwwa WIT" awauwwwca cow.w
g1eal Estate ale Contract
r .
1. a. Fredarlek (htthaxq
games to Patch= at a Pam of S
an the turns tat fetal hers }, the foOOMry described rotl nlase
in eel! , 00.00�p,,,,e.,�mb;
The Knot US." Got of the Souk $94 feet of do Sari 312 of the SIStt3)
Yeot 1/4 of tSmti" 33, Zilwaskip 39 Neftb ROW U the soath 297
fast oT appro -k—tel 3.2 f � (iue SO ft" !a[ WMes73 a
f ffbgdderolpdonh not Printed henfnat time Ofat rather,
sudimird to krurr n them/erJ
commonly known Is i move= No". Ode stook Illinois 60M 'end
with approximate lot dimenlans of 2971 x $33.43, , toptha with Ow pmPWkg pa nd property pawl} totaled ftma:
(ttnkm seer cot apPHta6teJ U) nom and torten doom and windows; (b) a1e�fR(c)(d)
tea) (fjt NMOWORW ekctde, plumbing and other attached fIWmn inta)led: (h)
wa:ersiftenee:hO 0) rib) :� iaeled Withoat liadtatloadl Improve-
no r�0 Let a a f�)a�l�edM�ycited n eee® located tlxereone co latisS
o�eP ei roe err e��e a sa°aa .a:may see fens.
poor nerveorrtfloWnerad tMDmspeedw apaueel
Mors to tell the rcd men and the property. if say, deswld above at the Paul and tmeu as fma hands, and to many OF taus to be moaYd W
padm.a of nomime title lhemto (in joint tenancy) by a mendable Cllr RVAgi a dad. With Olson of homestead rkbu, ad a Roper bill
of edo, subject oLL7 m: (a) torero,}, m entims gad con rtctlon of Ocod: (b) R(rms,puefts and udity sosemeala and toadaand highmin% it NW; (0)
(d) eWttng bedstead mxoda: (y *Kid lama a arameoa IN ImRpaemenb tam Yet otmplated:(nanY
mcotdhmed epedal tax a Wm,Wt: (S) )mlaftmala cot dm at the data banner of anY Week( late of asnsemsot fa iwpmnmmts hmofom
completed: (h) 0) ganaLL coca br the year -.19Z%Omd subsequent Rata lachtdh(1 Oxawhich aW
acme by ream of mw or addidonid impronmmladudng the yatW - 9._:ad to
3. Purchases no paid S A -M-00 eased money as be
applied an the putcham pdta, and d agreee, to pay ar malty one }Wart of an pnrc6m Ales. plus a nflam flan, at the fete of doting a follumc
prpkFe mbpowwh nw�Mia,, W {`� /JJ?n"' - '4Q. A-
�0ta7�001CA0$i4£;i•BOY.00 `11
(a) The Payment of I'b�9�ia no �rW_
(b) aPbnm of the tale n the rtat ern by Purtbe. sobjeet to • mottpe (trust dead) oils nmdM a
Pumbax doss not) atcee n assume) "tog S boadn lamest a the h
paymant of • eun Is xne(�e the dHfsOOa between the ammo dm m the kdeetepam .t�
purcbax price.
of the
t. This counsel is Object to the condition that Patch - raurt with e a Into commitment For • bag to be accord by a
mm pV m Intel and m the tad mate In she amount of S ch Icon rim as P Timm, aaWls, Was interest tam reacted
% a yen to be mnmtind one -,� years, a gad service dens loan cot to excel s. If, after making
every resx." effort. Pndrexr is nNI' soch commitment within the time specified lame an d Seilm theOOf with} that ledge,
Ueda combact shall become m gad ag earnest money shall be returned to Purchaxt:, Provided that If SO". a his op a Met Paid or
time fomw c's notice, proesees for Punchers such a commitment a ROOM Purcbaxr that Seller will accept a purchase mosey WetE
MWTV resume tom, this =track shag mmam in fun force and effect. /Strike pvegraph Udrppdins01t.1
S. The near of dodo{ sat be me AegU ill. 1978
kVjRqRVPMM unbn so6xguendy mutually aimed otherwise, at arc offla of
Raidedritekshowntobegodoneisle tdby Ptchse.
6. Selet shall delhm possession to
S MM9
7. Seder agrees to pry• broker's commission x_1p"000 lase 220313' Csee. gas cruse
PRO INIW-L
6. The emmnt money shall be held by - 'sawtltfe Wltr Coca'
Her the mutual benefit of she pales.
9.
10. A duplicate original of this contract, dub executed by the Sear and his spouse, if any, dun be delivered to the NOhuns wlala s days
from the data below, que,mbe, at the Pumhaxfs option, ab consort rust become tuft and mold and the Worst money shag be saturated to the
Purebaver.
The contract is subject to the Conditions and Shpubtioro set forth on the back pape hereof. which Conditions and Stipulations male a pan of this
contract.
nets y le ��--
patients /[ Nser � _ IAddrm}
paebeaar (Address)
gawr e/s- a ` r aarea) 427 !. Nfts3esd Mh_Oak�331•
eager �- e�w(J (Addreal 4111111111111
-Pam namdly used for ak of residential Ropeny other than property hnpr e ed with bap muni•fWHY dralues.
�A I
COND ON'S AND
1. Sala dall delis or —,, to be deWned to Pre * u Puohae ,s agmt, not ins Uwe 5 days prior to the It= of dodo{, a thin morDitnant for
m awoa's title wmssa polity (swat by the chimp Tick Inaosaae Company. the etenuW o[thc yo7Wampr.e, tovedng tide w the sal "Ise m
W after the 4816 bete , showing title in tM Intended gemwr robing only w (a) the general exaptfoas eonlsbeed in the policy nalm the Mimar Psis it
$I00AWi) a ku and the and users Is etepmved with a rhek family dweWng of an apedmmt building of four a tower tddmt W uvdu, (b) the title
enaptiom set forth above, ad (e) titb exmpgms pnWning w Lens a mambanaa of a ddbdte m aaulahwble meum which may be semorcd by
the pymmt of mosey st tM time of elmiatsm! which the Seller may w o mw at that time by udng the funds to be paid upon the delivery of the deed
fall of*Wch ate track rdersed too the permuted sYaptbnsl. The tide mmantmma shelf be correct" eeidma ofgood title as therein sheen u to all
mum burned by the policy. abject only to the exception as tbaea tutu. Saga der gulf fumhh Andnser an affdavh dtitle in anonwy form
aoudol the dale of timing sad thow0e dun in Sever mbject only w she permitted emptiness in foregoing items (b) and (e) and unperMted
maptfons. ifany.as to which the title lewoa commits toward in mmce in the name specified b paragraph 2 below.
2. If the title commitment dlmbees WPCIWtted exaoptbm, SeDu sha0 haw 30 dessfrom tit date of ddims, theaof w base the exaDibm removed
from the amendment m to haw the title bnaa mistNs to imaeapka beat duotie that my be oeadoned by each axneptiom, end. In such ercn,
the time of ekdng sbal be 35 days after delivery tithe QW Wtmmt or the lire %Wdn d to pa.. paph 9 one the front page hereof. whichwa it lersr. if
Stier fair to have tire samptions removed. a o use alo vati e, to obtain the commitment for riot: Inemata specified above as to rah aecaptions
whhse the specified the, pumluwr may rsmbtln dm mama, a may dear, apes, entire to Sdkr within 10 days after the exPWtfon of the 3"ar,
pmbd, to tWm*It a it than h with the right toddos, from the Pud4 Prim Wm a wambrmwofa de0olle ce suffftbabb amount if pmchaer
does vet an oleot, this contract duo become OUR and VOW wilhent fella Wris m Of tbe Palk.
3. Reins, prsotlumsudaredtamdm ( mwmna pdlebr, eater aced orha stsly drtDe.fnel. pepid tads �bnelr,paad taa,aetmedintuat on
,,,Opp, leloudimmm, if soy, mod other -- itam,*0 be e4o"sets* aof do the of dom& fifths aawuntof thou
Mprsnetiensm fiat enlmoDh,wbe Watdedhatln .Eaiatbgbaraaodeodgatk fnmosa PaCkYS, Yam'. sFre Otm baaa4adm PmcMay. SeSa
,WR par the smmnt of a re strop sex MV_d by Stu law are the trmtfateflhetRle.md ehal tnmiha mmpWed Ratpatab 7tam6o tledmtba
dpwd by W Sala a floe BdlerY agent h iM fan ngohd pmmat to the Red RmmTtndsr'An Act of the Smeof Mbwb need AaR Am" my
detleatlrn slimi by the SmIW a the Sdu'a agent ce meet other re9alsmmu a ematdhhe l by aid loaf W&i with tread to a manage en
tramretian sempsab tut=WWd by babordbema thal be pfd by the Paeleoe.
4. The pwvWm of the Unifons Vadm aid purchaser Risk Ad *film Side of lffiwk du0be app6eab.lo shhconlncl.
5. If this conuaar Is terminated without Puldw Ws fad. the earoma army wbal be returned w the Pusduet. but V tit assassination recrossed by tit
Purahanr'a fault, than at the option of the stem ad upon,rune to the Petckson, bicameral maM andl be forfdW to the Seller ad applied Nd to
the payment of Sehee sexpem s and then w placentas atbmkaY mmsdtskn :the bounce, Yaay. cabe mldaed by the Sellualfgtddaed damages.
6. At the election of Seller Or PumbmtuPm MkaWueothe Prrly Mkaum5despbr to the thou of doting, IRS "go " be dowd lborlh
an sacmw with Chimp, TWO mA True Coups,y. in amtedli n, wild 1M PMW poefdasm of the wad form of Deed nerd Wrap Eames Atawment
then in see by Chicago Tit. and Tmd Company. with ooh special poddons meeting in tM moor Warmer a may be sequhed to twmforn with this
Minor, L'pm the creation of men an camem. anything hesdn to the com me entdlhsbndrng, p3'mmt of Purchm pia and deUwrY of deed dull be
made donagh be awow and rich corme, and the airport money, da be depodtd. the a cM,. 7te cast of ties ercrow dal be divided aqua*
Incomes, Roger and Putrams. (SnilarPWWmMtlJdrPPISCAW -1
7. Time hdthe atence of rids misuses.
b AD notice Merin requited shelf be or and and shad be served m W pamast Ibeaddrarves fdou'mt tiwm dtamtuea.7M vuWntof a 6otke M
ngfam,W m assailed mail, novas reafpt sagamud, shdbe sufficient sesvira
9. Pucehaam sod Sep, hereby stars w macro N eminence, sad do all danp necessary an amply with the applicable provisions of the Real Began
Seltkment procedures A, of 1974. In the event that dam party don rte w midappemuta disclosure, when asked, seats faDme and be madded a
breach m the pet of said party.
it7. Seller al&eeee ee tersdish a net at gerp07 pciOL to or " e%eieg. shoDring the single
family residence to have been constructed within appLicabte building lines.
IM 5172 D.�a /ye •.
a.+