Executive Committee

Filed: 1/7/2007

 

 


 

 


 
09400SB1959ham001 LRB094 11404 RCE 60972 a

1
AMENDMENT TO SENATE BILL 1959

2     AMENDMENT NO. ______. Amend Senate Bill 1959 by replacing
3 everything after the enacting clause with the following:
 
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

 

 

09400SB1959ham001 - 2 - LRB094 11404 RCE 60972 a

1 leased to any other party by the administrator or by any other
2 State officer or agency, at any time, unless it has first been
3 offered for sale to Loyola University Medical Center as
4 provided in this Section.
 
5     Section 99. Effective date. This Act takes effect upon
6 becoming law.".