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PROPOSED PURCHASE OF REAL ESTATE
Department(s): Legal Department
Other Part(ies): Neil Nielsen, independent executor of the estate of Mary T. Bailey, deceased (Owner of Record)
Request: It is respectfully requested that this proposed purchase be approved.
Description of Real Estate: 290 E. Glenwood Dyer Road, Glenwood, Illinois & Part of 220 E. Glenwood Dyer Road, Unincorporated Cook County, Illinois
Section: N/A
Parcel(s): Part of PINs: 32-10-200-010-0000 & 32-10-200-011-0000
EXCEPTING THAT PART NORTH OF DEER CREEK; THAT PART OF THE NORTHEAST 1/4 OF SECTION 10, TOWNSHIP 35 NORTH, RANGE 14, EAST OF THE THIRD PRINCIPAL MERIDIAN DESCRIBED AS FOLLOWS:
BEGINNING AT THE SOUTHWEST CORNER OF THE NORTHEAST 1/4 OF SAID SECTION 10; THENCE NORTH 89 DEGREES, 09 MINUTES, 05 SECONDS EAST ALONG THE SOUTH LINE OF SAID NORTHEAST 1/4, 50.00 FEET; THENCE NORTH 22 DEGREES, 48 MINUTES, 38 SECONDS WEST 53.91 FEET TO A POINT ON THE EAST LINE OF THE WEST 30.00 FEET OF SAID NORTHEAST 1/4 WHICH IS 50 FEET NORTH OF THE SOUTH LINE OF SAID NORTHEAST 1/4; THENCE NORTH 01 DEGREE, 02 MINUTES, 05 SECONDS WEST ALONG THE EAST LINE OF THE WEST 30.00 FEET OF SAID NORTHEAST 1/4 2,593.16 FEET TO THE NORTH LINE OF SAID NORTHEAST 1/4; THENCE SOUTH 89 DEGREES, 04 MINUTES, 17 SECONDS WEST ALONG SAID NORTH LINE 30.00 FEET TO THE NORTHWEST CORNER OF SAID NORTHEAST 1/4; THENCE SOUTH 01 DEGREES, 02 MINUTES, 05 SECONDS EAST ALONG THE WEST LINE OF SAID NORTHEAST 1/4 2,643.12 FEET TO THE POINT OF BEGINNING (EXCEPT THAT PART THEREOF FALLING IN GLENWOOD-DYER ROAD), IN COOK COUNTY, ILLINOIS.
SAID PARCELS CONTAINING 1,110,780 SQUARE FEET, OR 25.50 ACRES, MORE OR LESS.
Fiscal Impact: $950,000.00 purchase price plus closing costs up to $10,000.00 (up to $960,000.00 in total).
Accounts: Real Estate and Land Acquisition Fund 51006.560010; and ARPA Fund 51032.560010
District(s): 5
Summary: The Forest Preserves of Cook County (the "Forest Preserves") has identified two (2) parcels o...
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