title
PROPOSED SALE OR PURCHASE OF REAL ESTATE
Department(s): Legal Department
Other Part(ies): Feras Alhaj (Owner of Record)
Request: It is respectfully requested that this proposed purchase be approved.
Description of Real Estate: 15701 151st Street, Orland Park, Cook County, Illinois 60462
Section: N/A
Parcel(s): PIN: 28-18-100-001-0000
THE NORTH 12 ACRES OF THE WEST 1/2 OF THE NORTHWEST 1/4 OF SECTION 18, TOWNSHIP 36 NORTH, RANGE 13 EAST OF THE THIRD PRINCIPAL MERIDIAN (EXCEPT THE WEST 70 FEET), IN COOK COUNTY, ILLINOIS.
SAID PARCEL CONTAINING 490,050 SQUARE FEET, OR 11.25 ACRES, MORE OR LESS.
Fiscal Impact: $475,000.00 purchase price plus closing costs up to $10,000.00 (up to $485,000.00 in total).
Accounts: Real Estate and Land Acquisition Fund 51006.560010
District(s): 6
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 Camp Sullivan Woods (the "Property"). The Property, commonly known as 15701 151st Street, Orland Park, Cook County, Illinois, consists of approximately 11.25 ? acres. The Property is adjacent to, and expands, the Camp Sullivan Woods property which currently totals over 300 acres. Adding the Property will protect open space in a densely populated region, allow for alternative access to Camp Sullivan Woods, protect wetlands, and increase habitat for wildlife.
Through negotiations, the Owner of Record (the "Seller"), has agreed to sell the Property to the Forest Preserves for the sum of FOUR HUNDRED SEVENTY-FIVE THOUSAND DOLLARS AND 00/100 ($475,000.00) plus closing costs up to $10,000.00 (up to $485,000.00 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 negotiati...
Click here for full text