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| 1 | AN ACT concerning property.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Treasurer, on behalf of the State of | ||||||
| 5 | Illinois, is authorized
to execute and deliver to the City of | ||||||
| 6 | Collinsville, for
and in consideration of $1 paid to the | ||||||
| 7 | Treasurer, a quitclaim
deed to the following described real | ||||||
| 8 | property for the purpose of tourism and hospitality | ||||||
| 9 | development, to wit: | ||||||
| 10 | All of Lots 7, 8 and 11 in Eastport Plaza First Addition, | ||||||
| 11 | according to the plat thereof recorded in Plat Cabinet 52 | ||||||
| 12 | Page 130 of the Recorder's Office of Madison County, | ||||||
| 13 | Illinois. | ||||||
| 14 | Excepting therefrom that part of Lot 11 conveyed to W. A. | ||||||
| 15 | Dilow III and Linda S. Dilow by deed recorded in Book 3394 | ||||||
| 16 | Page 2175, described as follows: | ||||||
| 17 | Beginning at the Northwest corner of said Lot 11; thence | ||||||
| 18 | North 89 degrees 19 minutes 44 seconds East 243.15 feet; | ||||||
| 19 | thence South 01 degree 36 minutes 26 seconds East 104.0 | ||||||
| 20 | feet; thence North 87 degrees 46 minutes 32 seconds West | ||||||
| 21 | 283.79 feet; thence North 22 degrees 36 minutes 30 seconds | ||||||
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| 1 | East 97.60 feet to the point of beginning of said | ||||||
| 2 | exception. | ||||||
| 3 | Except any interest in the coal, oil, gas and other | ||||||
| 4 | minerals underlying the land which have been heretofore | ||||||
| 5 | conveyed or reserved in prior conveyances, and all rights | ||||||
| 6 | and easements in favor of the estate of said coal, oil, gas | ||||||
| 7 | and other minerals, if any. | ||||||
| 8 | Situated in Madison County, Illinois. | ||||||
| 9 | PINs: 13-2-21-29-10-101-008 | ||||||
| 10 | 13-2-21-29-10-101-009 | ||||||
| 11 | 13-2-21-29-10-101-012 | ||||||
| 12 | Section 7. Dissolution of remaining Illinois Insured | ||||||
| 13 | Mortgage Pilot Program property. | ||||||
| 14 | (a) The Treasurer is hereby authorized to sell, convey, | ||||||
| 15 | divest, or enter into any settlement agreement with respect to | ||||||
| 16 | any interest, including liens, that the State has in any | ||||||
| 17 | property associated with, or resulting from, the Illinois | ||||||
| 18 | Insured Mortgage Pilot Program. | ||||||
| 19 | (b) The State Treasurer shall cause any funds received by | ||||||
| 20 | the State Treasurer as a result of subsection (a) to be | ||||||
| 21 | deposited into the General Revenue Fund. | ||||||
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| 1 | Section 10. | ||||||
| 2 | (a) The Treasurer shall obtain
a certified copy of this | ||||||
| 3 | Act within 60 days after its effective
date and, upon receipt | ||||||
| 4 | of the payment required,
shall record the certified document | ||||||
| 5 | in the Recorder's Office
in the County in which the land is | ||||||
| 6 | located. | ||||||
| 7 | (b) The quitclaim deed to the property described in | ||||||
| 8 | Section 5 shall state on its face and be subject to the | ||||||
| 9 | conditions that the real property shall be used by the City of | ||||||
| 10 | Collinsville for the purpose of tourism and hospitality | ||||||
| 11 | development and that if the real property is used for any | ||||||
| 12 | purposes other than for the purpose of tourism and hospitality | ||||||
| 13 | development, or if an attempt is made to sell the property, | ||||||
| 14 | then title shall revert without further action to the State of | ||||||
| 15 | Illinois.
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| 16 | Section 99. Effective date. This Act takes effect upon | ||||||
| 17 | becoming law.
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