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APPROVING EMERGENCY APPROPRIATION AND AUTHORIZING EXECUTION OF PURCHASE AND SALE AGREEMENT AND OTHER CORRESPONDING DOCUMENTS FOR PURCHASE OF REAL ESTATE LOCATED AT 2170 POINT BOULEVARD, ELGIN, ILLINOIS 60123
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WHEREAS, pursuant to section 5-1004 of the Counties Code (55 ILCS 5/5-1004), the Kane County Board shall exercise the powers of the County of Kane as a body corporate or politic; and
WHEREAS, section 5-1005(1) of the Counties Code (55 ILCS 5/5-1005(1)) authorizes the County of Kane to purchase and hold real and personal estate necessary for the uses of the county; and
WHEREAS, section 5-1005(3) of the Counties Code (55 ILCS 5/5-1005(3)) authorizes the County of Kane to make all contracts and do all other acts in relation to the property and concerns of the county necessary to the exercise of its corporate powers; and
WHEREAS, the Kane County Board determined that it is necessary to purchase and hold real estate located at 2170 Point Boulevard, Elgin, Illinois, 60123 (PIN# 03-32-126-005) ("Property") for the uses of the County of Kane; and
WHEREAS, by Resolution 24-304, the Kane County Board authorized the Kane County Board Chairman to execute a Purchase and Sale Agreement on behalf of the County of Kane for the Property that would outline the terms and conditions of the transaction; and
WHEREAS, in accordance with 55 ILCS 5/6-1003, an emergency appropriation adjustment is required in the amount of $3,000,000 (Three Million Dollars).
NOW, THEREFORE, BE IT RESOLVED that the Kane County Board authorizes the Kane County Board Chairman to execute a Purchase and Sale Agreement and all other corresponding documents on behalf of the County of Kane, in consultation with and subject to the advisement of and to the satisfaction of the Kane County State's Attorney's Office, that are required to facilitate and complete the purchase of property located at 2170 Point Boulevard, ...
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