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90_SB0840
60 ILCS 1/105-30
Amends the Township Code. Provides that if any township
purchased real estate that was formerly railroad property to
obtain gravel and stone to benefit the township and the
gravel and stone has been removed, then before December 31,
1998 the township board may accept without regard to the
appraised value any purchase proposal determined by it to be
in the best interest of the township by a unanimous vote of
the board. Effective immediately.
LRB9002902PTcwA
LRB9002902PTcwA
1 AN ACT to amend the Township Code by changing Section
2 105-30.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Township Code is amended by changing
6 Section 105-30 as follows:
7 (60 ILCS 1/105-30)
8 Sec. 105-30. Surplus public real estate. At an annual or
9 special township meeting, the electors of the township by
10 resolution may authorize the sale of surplus public real
11 estate. The value of the real estate shall be determined by
12 a written MAI certified appraisal or by a general certified
13 appraiser so designated by the State of Illinois. The
14 appraisal shall be available for public inspection. The
15 resolution may direct the sale to be conducted by the staff
16 of the township or by listing with local licensed real estate
17 agencies (in which case the terms of the agent's compensation
18 shall be included in the resolution). The resolution shall
19 be published at the first opportunity following passage in a
20 newspaper published in the township or, if there is none,
21 then in a newspaper published in the county in which the
22 township is located. The resolution shall also contain
23 pertinent information concerning the size, use, and zoning of
24 the real estate and the terms of sale. The township board
25 may accept any contract proposal determined by it to be in
26 the best interest of the township by a vote of three-fourths
27 of the township trustees then holding office, but in no event
28 at a price less than 80% of the appraised value. However, if
29 any township originally purchased real estate that was
30 formerly railroad property to obtain gravel and stone to
31 benefit the township and most of the gravel and stone has
-2- LRB9002902PTcwA
1 been removed, then before December 31, 1998 the township
2 board may accept without regard to the appraised value any
3 contract proposal determined by it to be in the best interest
4 of the township by a unanimous vote of the board members then
5 holding office.
6 (Source: P.A. 87-1208; 88-62.)
7 Section 99. Effective date. This Act takes effect upon
8 becoming law.