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90_SB0840 60 ILCS 1/105-30 Amends the Township Code. Provides that if any township purchased real estate that was formerly railroad property to obtain gravel and stone to benefit the township and the gravel and stone has been removed, then before December 31, 1998 the township board may accept without regard to the appraised value any purchase proposal determined by it to be in the best interest of the township by a unanimous vote of the board. Effective immediately. LRB9002902PTcwA LRB9002902PTcwA 1 AN ACT to amend the Township Code by changing Section 2 105-30. 3 Be it enacted by the People of the State of Illinois, 4 represented in the General Assembly: 5 Section 5. The Township Code is amended by changing 6 Section 105-30 as follows: 7 (60 ILCS 1/105-30) 8 Sec. 105-30. Surplus public real estate. At an annual or 9 special township meeting, the electors of the township by 10 resolution may authorize the sale of surplus public real 11 estate. The value of the real estate shall be determined by 12 a written MAI certified appraisal or by a general certified 13 appraiser so designated by the State of Illinois. The 14 appraisal shall be available for public inspection. The 15 resolution may direct the sale to be conducted by the staff 16 of the township or by listing with local licensed real estate 17 agencies (in which case the terms of the agent's compensation 18 shall be included in the resolution). The resolution shall 19 be published at the first opportunity following passage in a 20 newspaper published in the township or, if there is none, 21 then in a newspaper published in the county in which the 22 township is located. The resolution shall also contain 23 pertinent information concerning the size, use, and zoning of 24 the real estate and the terms of sale. The township board 25 may accept any contract proposal determined by it to be in 26 the best interest of the township by a vote of three-fourths 27 of the township trustees then holding office, but in no event 28 at a price less than 80% of the appraised value. However, if 29 any township originally purchased real estate that was 30 formerly railroad property to obtain gravel and stone to 31 benefit the township and most of the gravel and stone has -2- LRB9002902PTcwA 1 been removed, then before December 31, 1998 the township 2 board may accept without regard to the appraised value any 3 contract proposal determined by it to be in the best interest 4 of the township by a unanimous vote of the board members then 5 holding office. 6 (Source: P.A. 87-1208; 88-62.) 7 Section 99. Effective date. This Act takes effect upon 8 becoming law.
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