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PROPOSED ACQUISITION OF REAL ESTATE
Department(s): Legal Department
Other Part(ies): Roger R. Tuttle (Owner of Record)
Request: It is respectfully requested that this proposed purchase be approved.
Description of Real Estate: 253 Sutton Road, Unincorporated Hanover Township, Cook County, Illinois
Section: N/A
Parcel(s): 06-15-300-019-0000
THAT PART LYING NORTH OF LOT 5 IN SUBDIVISION OF THE SOUTH EAST 1/4 OF SECTION 15, TOWNSHIP 41 NORTH, RANGE 9, EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT OF SECTION 15, TOWNSHIP 41 NORTH, RANGE 9, EAST OF THE THIRD PRINCIPAL MERIDIAN, RECORDED AUGUST 12, 1971 AS DOCUMENT NUMBER 21600790 AND LYING WITHIN THE FOLLOWING DESCRIBED TRACT DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTH WEST CORNER OF SAID QUARTER SECTION; RUNNING THENCE EAST 1314 FEET TO A POINT; THENCE NORTH 743 FEET 6 INCHES TO A POINT; THENCE NORTH 2 DEGREES 37 MINUTES EAST 243 FEET TO A POINT, WHICH POINT OF THE BEGINNING OF TRACT OF LAND HEREIN DESCRIBED; RUNNING THENCE NORTH 2 DEGREES 37 MINUTES EAST 609 FEET 9 INCHES; THENCE WEST 780 FEET 6 INCHES; THENCE SOUTHWESTERLY TO A POINT, WHICH POINT IS 988 FEET WEST OF THE POINT OF BEGINNING OF THIS TRACT OF LAND; THENCE EAST 988 FEET TO THE POINT OF BEGINNING (EXCEPT THAT PART THEREOF WHICH LIES NORTH AND EAST OF A LINE DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE WEST LINE OF THE NORTH EAST 1/4 OF THE SOUTH WEST 1/4 OF SECTION 15 AFORESAID AT A POINT 1048.1 FEET SOUTH OF THE NORTH WEST CORNER WHICH SAID WEST LINE OF THE NORTH EAST 1/4 OF THE SOUTH WEST 1/4 OF SECTION 15, AFORESAID, INTERSECTS THE EASTERLY LINE OF STATE ROUTE ROAD NUMBER 59; THENCE SOUTH 673.5 FEET TO A POINT; THENCE NORTH 89 DEGREES 37.0 MINUTES EAST 659.7 FEET AND EXCEPT THAT PART THEREOF LYING WESTERLY OF THE EASTERLY LINE OF STATE ROUTE 59 AND EXCEPT THAT PART THEREOF TAKEN FOR WIDENING OF STATE ROUTE 59 BY CONDEMNATION CASE 95L50117), IN COOK COUNTY, ILLINOIS.
SAID PARCEL CONTAINING 110,104 SQUARE FEET, OR 2.53 ACRES, MORE OR LESS.
Fiscal Impact: $1,125,000.00 purchase price plus closing costs up to $10,000.00 (up to $1,135,000.00 in total).
Accounts: Real Estate and Land Acquisition Fund 51006.560010
District(s): 15
Summary: The Forest Preserves of Cook County (the “Forest Preserves”) has identified a parcel of land for acquisition that would add to the Forest Preserves’ current holdings near Poplar Creek Land and Water Reserve (the “Property”). The Property, commonly known as 253 Sutton Road, Unincorporated Hanover Township, Cook County, Illinois, consists of approximately 2.53 ± acres. The Property adds to and buffers Forest Preserves holdings in the vicinity.
Through negotiations, the Owner of Record (the “Seller”), has agreed to sell the Property to the Forest Preserves for the sum of ONE MILLION ONE HUNDRED TWENTY-FIVE THOUSAND DOLLARS AND 00/100 ($1,125,000.00) plus closing costs up to $10,000.00 (up to $1,135,000.00 in total). The purchase price is based upon two (2) M.A.I. appraisals obtained by the Forest Preserves and is subject to the Forest Preserves’ satisfactory completion of its due diligence.
Permission is now sought, upon satisfactory completion of all due diligence and negotiation of any and all required documentation as determined by the Forest Preserves Legal Department, to effectuate payment in the amount of the purchase price plus closing costs as full compensation for the acquisition of the Property.
This land acquisition advances the goals of the Forest Preserves’ Land Acquisition Plan, Next Century Conservation Plan, and Acquisition and Disposition of Land Position Paper.
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