Full Text of HB4219 102nd General Assembly
HB4219enr 102ND GENERAL ASSEMBLY |
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| 1 | | AN ACT concerning property.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 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.
| 16 | | Section 99. Effective date. This Act takes effect upon | 17 | | becoming law.
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