HB0325 Enrolled LRB094 06741 BDD 36840 b

1     AN ACT concerning real property.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Board of Trustees of The University of
5 Illinois must convey to Gene Michael Vanderport, of Vermilion
6 County, Illinois, in exchange for fair market value, based on
7 the average of 3 certified appraisals, and mutually agreed upon
8 perpetual access rights for educational and research purposes,
9 certain real property located in Vermilion County, Illinois and
10 described as follows:
11     A tract of land in the Southwest Fractional Quarter of
12     Section 1, Township 18 North, Range 11 West of the 2nd
13     Principal Meridian, bounded and described as follows:
14     Beginning at the Northwest corner of the Southwest
15     Fractional Quarter of Section 1, Township 18 North, Range
16     11 West of the 2nd Principal Meridian; thence down the
17     Vermilion River following the meanders thereof 58 poles to
18     a stone; thence in a Northeasterly direction or course to a
19     point so as to strike the North line of said Southwest
20     Fractional Quarter of said Section 1, 17 poles West of the
21     Northeast corner of said Southwest Fractional Quarter of
22     said Section 1; thence West to the place of beginning,
23     EXCEPT 4.5 acres in a triangular shape off the Northeast
24     corner of said described tract, situated in Vermilion
25     County, Illinois.
 
26     Section 10. (a) The State Property Control Act does not
27 apply to the transfer of the real property described in Section
28 5 of this Act.
29     (b) The provisions of this Act are judicially enforceable.
 
30     Section 90. The State Property Control Act is amended by
31 changing Section 1.02 as follows:
 

 

 

HB0325 Enrolled - 2 - LRB094 06741 BDD 36840 b

1     (30 ILCS 605/1.02)  (from Ch. 127, par. 133b3)
2     Sec. 1.02. "Property" means State owned property and
3 includes all real estate, with the exception of rights of way
4 for State water resource and highway improvements, traffic
5 signs and traffic signals, and with the exception of common
6 school property; and all tangible personal property with the
7 exception of properties specifically exempted by the
8 administrator, provided that any property originally
9 classified as real property which has been detached from its
10 structure shall be classified as personal property.
11     "Property" does not include property owned by the Illinois
12 Medical District Commission and leased or occupied by others
13 for purposes permitted under the Illinois Medical District Act.
14 "Property" also does not include property owned and held by the
15 Illinois Medical District Commission for redevelopment.
16     "Property" does not include property described under
17 Section 5 of Public Act 92-371 with respect to depositing the
18 net proceeds from the sale or exchange of the property as
19 provided in Section 10 of that Act.
20     "Property" does not include that property described under
21 Section 5 of this amendatory Act of the 94th General Assembly.
22 (Source: P.A. 92-371, eff. 8-15-01; 92-651, eff. 7-11-02.)
 
23     Section 99. Effective date. This Act takes effect upon
24 becoming law.