Sen. John F. Curran
Filed: 3/28/2022
 
 

 

 

 
10200SB1490sam001LRB102 11268 RJT 38055 a



1
AMENDMENT TO SENATE BILL 1490




2    AMENDMENT NO. ______. Amend Senate Bill 1490 by replacing 
3everything after the enacting clause with the following:

 
4    "Section 5. The Illinois and Michigan Canal Development 
5Act is amended by adding Section 15 as follows:
 
6    (615 ILCS 45/15 new)
7    Sec. 15. Exchange of property.
8    (a) Notwithstanding any other provision of law or 
9restriction on the property, including, but not limited to, 
10any State rights, easements, or conveyance and reversion 
11clauses restricting sale, the Village of Lemont may exchange 
12with a nongovernmental entity any Illinois and Michigan Canal 
13lands that are purchased from the State for other real 
14property of substantially equal or greater value, as 
15determined by 2 MAI appraisals of the properties, and of 
16substantially the same or greater suitability for 
 
 
10200SB1490sam001- 2 -LRB102 11268 RJT 38055 a

1recreational, park, and parking purposes without additional 
2cost to the Village. However, the property being transferred 
3to the Village must be continuous to other Illinois and 
4Michigan Canal lands owned by the Village.
5    (b) Prior to an exchange under subsection (a)  with a 
6nongovernmental entity, the Village board shall hold a public 
7hearing in order to consider the proposed exchange. Notice of 
8such meeting shall be published at least twice, with the first 
9and last publication being at least 10 days apart, in a 
10newspaper of general circulation within the Village.".