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PROPOSED SALE OR PURCHASE OF REAL ESTATE
Department(s): Legal Department
Other Part(ies): Village of Schiller Park, Illinois
Request: It is respectfully requested that this proposed sale be approved.
Description of Real Estate: Surplus Parcel 12
2.66 ? acres described as follows:
That portion of Block 5 in the Superior Court Partition of that part of the South Section of Robinson's Reserve lying West of the West Right of Way Line of new Des Plaines Avenue and North of North Right of Way Line of Irving Park Boulevard in Township 40 North, Range 12, East of the Third Principal Meridian, in Cook County, Illinois.
Permanent Index Number: Part of 12-15-400-004-0000
Section: N/A
Parcel(s): Surplus Parcel 12
Fiscal Impact: $625,000.00 in revenue
Accounts: Anticipated Land Sales/Surplus 510006.411466
District(s): 9
Summary: The Forest Preserves of Cook County (the "Forest Preserves") recently concluded negotiations for the sale of a Surplus Parcel that has been approved for sale by the State Legislature, Surplus Parcel 12, consisting of approximately 2.66 acres (the "Surplus Parcel") located in the Village of Schiller Park, Cook County, Illinois. The Surplus Parcel is not contiguous with or connected to any other Forest Preserves property.
During the mid-80's, Forest Preserves staff undertook a comprehensive study of all Forest Preserves holdings, resulting in a list of 30 parcels being considered for disposal. At the June 3, 1985 meeting of the Forest Preserves of Cook County Board of Commissioners (the "Board"). The Board approved the divestiture and procedure for disposal of 28 of the 30 parcels, based on the recommendation of its Advisory Committee. Subsequently, the Forest Preserves sought and obtained permission, on September 23, 1985 via Public Act 84-867, from the State Legislature to offer the 30 aforementioned parcels, including Surplus Parcel 12, for sale with the monies to accrue to the Forest Preserves Real Estate Acqui...
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