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PROPOSED SALE OR PURCHASE OF REAL ESTATE
Department(s): Legal Department
Other Part(ies): Owners of Record
Request: It is respectfully requested that this proposed purchase be approved.
Description of Real Estate: 165 Algonquin Road, Barrington Hills, Illinois
Section: 17
Parcel(s): PINs: 01-17-200-012-0000 & 01-17-200-013-0000
PARCEL 1: THE EAST 720.71 FEET (AS MEASURED ON NORTH LINE OF TRACT 2) OF TRACTS 1 AND 2 (TAKEN AS A UNIT) IN H.R JACOBSEN AND COMPANY'S SPRING CREEK WOODS SUBDIVISION BEING A SUBDIVISION OF THAT PART OF THE EAST 1/2 OF THE NORTHWEST 1/4 AND THE NORTHEAST 1/4 OF SECTION 17, TOWNSHIP 42 NORTH, RANGE 9 EAST OF THE THIRD PRINCIPAL MERIDIAN, LYING NORTHERLY OF STATE HIGHWAY KNOWN AS ROUTE 62 AND ALSO KNOWN AS ALGONQUIN ROAD, ALL IN COOK COUNTY, ILLINOIS.
PARCEL 2: ALL THAT PART OF TRACTS 1 AND 2 (TAKEN AS A UNIT) IN H.R. JACOBSEN AND COMPANY'S SPRING CREEK WOODS SUBDIVISION OF PART OF THE NORTH 1/2 OF SECTION 17, TOWNSHIP 42 NORTH, RANGE 9 EAST OF THE THIRD PRINCIPAL MERIDIAN, LYING WESTERLY OF A LINE LOCATED 720.71 FEET WEST OF (AS MEASURED ON THE NORTH LINE OF SAID TRACT 2) AND RUNNING PARALLEL TO THE EAST LINE OF SAID TRACTS 1 AND 2, ALL IN COOK COUNTY, ILLINOIS.
Fiscal Impact: $2,157,500.00
Accounts: 25-6800 Land Acquisition; 06-6800 Land Acquisition
Summary: The Forest Preserve District (the "District") has identified a parcel of land for acquisition that would add to the District's current holdings near the Spring Lake Preserve (the "Property"). The Property, commonly known as 165 Algonquin Road, Barrington Hills, Illinois, 60010, consists of approximately 24 ? acres. The Property would provide a greenway connection from the District's Spring Lake Preserve, one of the District's finest natural area properties, to the recently acquired 400 acre Horizon Farms property.
Through negotiations, the Owners of Record (the "Seller") have agreed to sell the Property to the District for the su...
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