R-843 - 04/22/2003 - TAX - Resolutions Supporting Documentsi
PEE p F 044, ' 3'
VILLAGE OF OAK BROOK
01 0
r Village Board Transmittal Memorandum
A
C�COl1NTy
DATE: April 17, 2003
SUBJECT: Approval of Real Estate Sale Contract for Sale of a portion of Lot 5 in
the Sports Core /Westchester Park Subdivision
FROM: Richard A. Martens, Village Attorney
RECOMMENDATION: That the Village Board approve the attached Resolution
Authorizing the Execution of a Real Estate Sale Contract for the
sale of a portion of Lot 5 in the Sports Core/Westchester Park
Subdivision.
A sealed offer to enter into a real estate sale contract for a portion of Lot 5 in the Sports
Core /Westchester Park Subdivision was opened on Friday, April 4, 2003. Dr. Samuel Vinci, owner of
the remaining portion of Lot 5, submitted the only offer. He offered a sale price of Sixty Thousand
Dollars ($60,000.00), the appraised value of this property.
Attached is a Resolution approving the Real Estate Sale Contract submitted by Dr. Vinci. This
Contract is in substantial conformity with the form of real estate sale contract which was included in
the Offeror's Package. Dr. Vinci has submitted an earnest money check in the amount of Six
Thousand Dollars ($6,000.00) as required under the terms of the Real Estate Sale Contract.)
I recommend that the Village President and Board of Trustees pass the attached Resolution) A two -
thirds (2/3) vote of the corporate authorities holding office is required to pass the ResolutioI .
For your information, we closed on the sale of Lot 3 on Thursday, April 17, 2003. The total proceeds
of sale to the Village were $638,170.97. The cooperating broker's commission was $18,400.03 and
title expenses were $1,430.00.
cc: Richard Boehm, Village Manager
WORDDOC /BOARD MEMOS /Lot 5 Approval
I
I
8 .B. 3) RESOLUTION 2003- AG- TX -PRPTY -EXI -R -843 "A RESOLUTION RES 2003-AG-TX-
PRPTY -EXI -R -843 -
AUTHORIZING EXECUTION OF REAL ESTATE SALE AuTH RL ESTATE
i CONTRACT (A PORTION OF LOT 5 — SPORTS SL
CORE /WESTCHESTER PARK SUBDIV
I "
SION)
A sealed offer to enter into a real estate sale contract for a portion of
Lot 5 in the Sports Core/Westchester Park Subdivision was opened on
Friday, April 4, 2003.
Dr Samuel Vinci, owner of the remaining portion of Lot 5, submitted]
the only offer He offered a sale price of Sixty Thousand Dollars
($60,000.00), the appraised value of this property. This Contract is in'
substantial conformity with the form of real estate sale contract which'
was included in the Offeror's Package. Dr. Vinci has submitted an
earnest money check in the amount of Six Thousand Dollars ($6,000.00)
as required under the terms of the Real Estate Sale Contract. A two-,
thirds (2/3) vote of the corporate authorities holding office is required to
pass the Resolution.
Motion by Trustee Korin, seconded by Trustee Caleel, that the Village
Board approve Resolution 2003- AG -TX- PRPTY -EXl -R -843, "A
Resolution Authorizing Execution of Real Estate Sale Contract (A'
Portion of Lot 5 — Sports Core/Westchester Park Subdivision)" ROLL
CALL VOTE:
Ayes: 5 - Trustees Aktipis, Caleel, Craig, Konn and Miologos.
Nays: 0 - None.
Absent: 1 - Trustee Savino Motion carried.
4) RESOLUTION 2003 -AG -EXI -R -844, "A RESOLUTION RES 03-AG- EXI -R-
AUTHORIZING EXECUTION OF AGREEMENT FOR PRSCTN T TRAF &
PROSECUTION OF TRAFFIC AND MUNICIPAL ORDINANCE MUN ORD VIOL
VIOLATIONS" I
The resolution authorizes execution of a new agreement with Linda
Pieczynski to prosecute traffic and municipal ordinance violations for
the Village. The Village initially retained Ms. Pieczynski as of March 1,
1995. The arrangement was renewed annually through 1999, with
subsequent years being two -year contracts. The current agreement
expires April 30, 2003.
The proposed agreement, which is an exhibit to the resolution, reflects
an increase in the charge per two -hour court session from $148 to $160
(8.1 % increase) and an increase in the rate per quarter hour in excess of
two hours from $26.25 to $28.00 (6.67% increase). The rate for
consultation, research and trial preparation increases from $105 to $112
(6.67% increase) per hour
VILLAGE OF OAK BROOK Minutes Page 11 of 15 April 22, 2003
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