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PROPOSED SALE OR PURCHASE OF REAL ESTATE
Department(s): Legal
Other Part(ies): Harbor Point Ventures LLC, An Illinois limited Liability Company
Request: It is respectfully requested that this proposed purchase be approved.
Description of Real Estate: POWDERHORN ADDITION PARCEL B
The Forest Preserve District ("District") has identified a parcel of land for acquisition that would add to the District's current holdings near the Powderhorn Prairie Preserve (the "Property"). The Property, commonly known as a part of 4000 West 134th Street, Chicago, Illinois 60633, consists of approximately 1.87 ? acres (see Exhibit A for details) and has the following legal description.
PARCEL 2 WEST: LEGAL DESCRIPTION
THAT PART OF THE EAST HALF OF THE NORTHWEST FRACTIONAL QUARTER OF SECTION 32, TOWNSHIP 37 NORTH, RANGE 15 EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE NORTH LINE OF 134th STREET AS DEDICATED BY DOCUMENT NUMBER 8329021, AND THE EAST LINE OF A 16 FOOT PUBLIC ALLEY AS DEDICATED BY McNAMARA'S SECOND ADDITION TO HEGEWICH SUBDIVISION, SAID POINT BEING 141.00 EAST OF THE EAST LINE OF AVENUE "K": THENCE NORTH 00 DEGREES 30 MINUTES 30 SECONDS WEST ALONG THE EAST LINE OF SAID ALLEY 590.88 FEET TO A POINT ON THE SOUTH LINE OF 133rd STREET: THENCE NORTH 89 DEGREES 37 MINUTES 06 SECONDS EAST ALONG SAID SOUTH LINE 138.00 FEET: THENCE SOUTH 00 DEGREES 30 MINUTES 30 SECONDS EAST 590.89 FEET TO A POINT ON THE NORTH LINE OF SAID 134th STREET: THENCE SOUTH 89 DEGREES 37 MINUTES 22 SECONDS WEST 138.00 FEET TO THE POINT OF BEGINNING. SAID PARCEL CONTAINING 1.87 ACRES, MORE OR LESS.
Portion of PIN: 26-32-114-014-0000
Section: N/A
Parcel(s): N/A
Fiscal Impact: $340,000.00
Accounts: 06-60-80-000-6800 Land Acquisition
Summary: Through negotiations, the landowner, Harbor Point Ventures, LLC (the "Seller"), has agreed to sell the Property to the District for the sum of THREE HUNDRED FORTY THOUS...
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