(70 ILCS 1235/10)
(Section scheduled to be repealed on December 31, 2019)
Sale of water park facility.
(a) The Rockford Park District may sell all or part of a water park facility owned by the District that has more than 4 distinct amusement attractions located on land exceeding 40 acres but less than 50 acres, no portion of which consists of a neighborhood park or a nature preserve, if:
(1) the board of commissioners of the Rockford Park
District authorizes the sale by a vote of 80% or more of all commissioners in office at the time of the vote; and
(2) the sale price equals or exceeds the average of 3
independent appraisals commissioned by the Rockford Park District.
(b) This Section is repealed on December 31, 2019.
(Source: P.A. 100-595, eff. 6-29-18.)