SB0782 Engrossed LRB095 05439 RCE 25529 b

1     AN ACT concerning State government.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. Upon payment to the Department of Natural
5 Resources of the sum equal to the appraised fair market value
6 determined in accordance with Section 10, the Director of such
7 Department, on behalf of the State of Illinois, is authorized
8 to execute and deliver to WLA Gambit IL, LP, its successors and
9 assigns, a quit claim deed to the following described real
10 property, provided the grantee pays the appraisal, land survey,
11 title and closing costs, to wit:
12     All that part of the following described tracts or parcels
13 in Johnson County, Illinois, which lie northerly of the
14 northerly right-of-way line of Interstate Route 24, to wit:
15         1. All that part of the Southwest Quarter of Section
16     11, Township 13 South, Range 3 East of the Third Principal
17     Meridian transferred to the Department of Conservation by
18     Document recorded in the Recorder's Office of Johnson
19     County, Illinois in Warranty Deed Book 154 at Page 75; and
20         2. All that part of the South Half of the Northwest
21     Quarter of Section 11, Township 13 South, Range 3 East of
22     the Third Principal Meridian conveyed to the Department of
23     Conservation by Warranty Deed recorded in the Recorder's
24     Office of Johnson County, Illinois in Warranty Deed Book

 

 

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1     117 at Page 341; a more accurate description to be prepared
2     from a Land Survey made by an Illinois Professional Land
3     Surveyor in accordance with the current Illinois minimum
4     standards for a boundary survey, the selection of such
5     Surveyor being subject to approval by the Department of
6     Natural Resources.
 
7     Section 10. The appraised fair market value of the real
8 property described in Section 5 shall be determined by 3
9 independent State certified general real estate appraisers
10 whose appraisal reports shall be subject to review and
11 certification by the Department of Natural Resources. The legal
12 description of such real property shall be subject to review
13 and approval by the Department of Natural Resources.
 
14     Section 15. The payment for the appraisal, land survey,
15 title and closing costs, and the amount of the appraised fair
16 market value of the real property to the Department of Natural
17 Resources, as provided in Section 5, shall be made through the
18 Illinois Conservation Foundation, with the funds being
19 earmarked for future land acquisition in IDNR Region 5.
 
20     Section 20. The Director of Natural Resources shall obtain
21 a certified copy of this Act within 60 days after its effective
22 date and, upon receipt of payment required by Section 5, shall
23 record the certified document in the recorder's office in the

 

 

SB0782 Engrossed - 3 - LRB095 05439 RCE 25529 b

1 county in which the real property is located.
 
2     Section 99. Effective date. This Act takes effect upon
3 becoming law.