HB5834 Engrossed LRB094 21308 RCE 59652 b

1     AN ACT concerning property.
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4     Section 5. The State Property Control Act is amended by
5 adding Section 8.3 as follows:
6     (30 ILCS 605/8.3 new)
7     Sec. 8.3. John J. Madden Mental Health Center.
8     (a) Notwithstanding any other provision of this Act or any
9 other law to the contrary, the administrator is authorized
10 under this Section to sell all or any part, from time to time,
11 of the property in Cook County known as the John J. Madden
12 Mental Health Center, if ever it is declared no longer needed
13 by the Secretary of Human Services, to Loyola University
14 Medical Center at its fair market value as determined under
15 subsection (b).
16     (b) The administrator shall obtain 3 appraisals of property
17 to be sold under subsection (a). Each appraiser must be
18 licensed under the Real Estate Appraiser Licensing Act of 2002,
19 or a successor Act. At least 2 of the appraisals must be
20 performed by appraisers residing in Cook County. The average of
21 these 3 appraisals, plus the cost of obtaining the appraisals,
22 shall represent the fair market value of the property to be
23 sold.
24     (c) Neither all nor any part of the property may be sold or
25 leased to any other party by the administrator or by any other
26 State officer or agency, at any time, unless it has first been
27 offered for sale to Loyola University Medical Center as
28 provided in this Section.
29     Section 99. Effective date. This Act takes effect upon
30 becoming law.