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PROPOSED ACCEPTANCE OF REAL ESTATE DONATION
Department(s): Legal Department
Other Part(ies): Lake Shore Country Club, Glencoe, Illinois
Request: It is respectfully requested that this proposed donation be approved.
Description of Real Estate: That part of Lake Shore Country Club lying west of the Union Pacific Railroad, Glencoe, Cook County, Illinois
Section: N/A
Parcel(s): Part of PIN 05-06-100-002-0000
ALL THAT PART OF THE NORTH HALF OF THE NORTH HALF OF THE FRACTIONAL SECTION 6, TOWNSHIP 42 NORTH, RANGE 13 EAST OF THE THIRD PRINCIPAL MERIDIAN, LYING WEST OF THE WESTERLY LINE OF THE CHICAGO & NORTHWESTERN RAILWAY RIGHT-OF-WAY.
Fiscal Impact: $0 purchase price, plus up to $10,000.00 to cover any closing costs associated with the transaction.
Accounts: Land Acquisition 51025.560010; 51006.520000
District(s): 13
Summary: The Forest Preserves of Cook County (the “Forest Preserves”) has identified a parcel of land for acquisition that would add to the Forest Preserve’s current holdings near Turnbull Woods (the “Property”). The Property, commonly known as that part of Lake Shore Country Club lying west of the Union Pacific Railroad, Glencoe, Cook County, Illinois, consists of 0.715± acres. The Property is located immediately adjacent to land owned by the Forest Preserves and would add, and provide a buffer to, the Forest Preserve’s holdings in the area.
Through negotiations, Lake Shore Country Club (the “Donor”) has agreed to donate the Property at no charge to the Forest Preserve. The Forest Preserves shall pay for any direct costs associated with the conveyance, including but not limited to closing costs. Following the closing, the Forest Preserve will become vested with fee simple absolute title and the immediate right to possession of the Property.
Permission is now sought, upon satisfactory completion of all due diligence and negotiation of any and all required documentation as determined by the Forest Preserve’s legal department, to accept the donation of the Property and to expend funds in an amount not to exceed $10,000.00 to cover any closing costs associated with the Property.
This land acquisition advances the goals of the Next Century Conservation Plan.
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