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HomeMy WebLinkAbout1976-10-12 9931 AN ORDINANCE FOR THE SALE BY TH• AN ORDINANCE FOR THE SALE BY THE CITY OF PEORIA OF CERTAIN DESCRIBED REAL ESTATE NOW OWNED BY THE CITY OF PEORIA WHEREAS, the property hereinafter described is now owned by the City of Peori and the same having been acquired pursuant to the Contract entered into on December 30, 1975 by and among the City of Peoria, (hereinafter referred to as "the City")and the Board of Education of the City of Peoria, School District No. 150 (hereinafter referred to as "the School Board"), the contract has been approved by the City Council of the City of Peoria; WHEREAS in the opinion of the corporate authorities and members of the City Council of the City of Peoria, Illinois, the foregoing mentioned real estate particularly described in "Exhibit A" attached hereto and made a part hereof is no longer necessary, appropriate or required for the use, profitable to or for the best interests of the City of Peoria, Illinois. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEORIA, ILLINOIS: Section 1. That the above -described real estate be sold to the School Board for the sum of One Million Two Hundred Forty-three Thousand and Ninety -Six & 80/100 Dollars (1,243,096.80). Section 2. This ordinance shall be in full force and effect after its passage and approval according to law. PASSED BY THE CITY COUNCIL OF THE CITY OF PEORIA, ILLINOIS thisitAay of a�1) , 1976. APPROVED: /l ix/4/l /, L a /C `" Mayor ATTEST: le../z,,to City Clerk EXAMIED AND APPROVED: rporation Counsel "EXHIBIT A" TRACT I: A part of the Northeast Quarter of Section 3, Township 8 North, Range 8 East of the Fourth Principal Meridian, including all of Birket's Fourth Addition to the City of Peoria, and all of Birket's Place Extended, more particularly described as follows: Commencing at a point, said point being the inter- section of Southwest right-of-way line of the Abington Street right-of-way and the Northwest right-of-way line of the N.E. Monroe Street right-of-way, said point being the point of beginning; thence Southwesterly to the centerline of the vacated Mound Street right-of-way; thence Northwesterly along said centerline to the centerline of the vacated N.E. Perry Avenue right-of-way; thence Southwesterly along the center- line of the vacated N.E. Perry Avenue right-of-way to the extended Northeast right-of-way line of Hayward Street; thence Northwesterly along the extended Northeast right-of-way line and the extended Northeast right-of-way line of Hayward Street to the centerline of the vacated alley lying adjacent to and running between Lots 1 through 14 inclusive of Birket's Place Extended and part of Lot 9 of John Birket's Subdivision; thence Northeasterly along the centerline of said vacated alley to the Southwest right-of-way line of the Abington Street right-of-way; thence Southeasterly along the Southwest Abington Street right-of-way line to the point of beginning; said parcel in the City and County of Peoria and State of Illinois. TRACT II Part of Lot 4 in John Birket's Subdivision of the Southeast Quarter of Section 34, Township 9 North, Range 8 East of the Fourth Principal Meridian, more particularly bounded and described as follows, to -wit: Commencing at a point on the Southwesterly side of Abington Street, 90 feet North- westerly from the most Northerly corner of Lot 1 in Birket Place Extended; running thence Northwesterly along said line of Abington Street 50 feet; thence Southwesterly parallel with Perry Street, 84.42 feet; thence Southeasterly 50 feet to a point 84.98 feet Southwesterly from Abington Street; thence Northeasterly 84.98 feet parallel with Perry Street to the place of beginning;situtated in the County of Peoria and State of Illinois. TRACT III Part of the Southeast Quarter of Section 34, Township 9 North, Range 8 East of the Fourth Principal Meridian, described as commencing at a point on the Southwesterly line of Abington Street for a point of beginning of this tract, 290 feet distant Northwesterly from the intersection of the Southwesterly line of Abington Street with the Northwesterly line of Perry Avenue; thence Northwesterly along the Southwesterly line of Abington Street, 40 feet; thence Southwesterly parallel with the North- westerly line of Perry Street, 83.97 feet; thence Southeasterly A -2- TRACT II (CONT.) to a point 84.41 feet distant Southwesterly from the point of beginning and in a line parallel with the aforesaid 83.97 feet course; thence Northeasterly parallel with the said line of Perry Avenue, 84.41 feet to the Southwest line of Abington Street, the point of beginning, situate, lying and being in the County of Peoria and State of Illinois. TRACT IV Part of the Southeast Quarter of Section 34, Township 9 North, Range 8 East of the Fourth Principal Meridian, more particularly bounded and described as follows, to -wit: Commencing at the intersection of the Southwesterly line of Abington Street with the Southeasterly line of Glendale Avenue Extended; thence Southwesterly along the Southeasterly line of Glendale Avenue Extended, 83.53 feet; thence Southeasterly parallel with the Southwesterly line of Abington Street, 40 feet; thence Northeasterly parallel with the Southeasterly line of Glendale Avenue Extended to the Southwesterly line of Abington Street; thence Northwesterly along said last mentioned line to the place of beginning; situate, lying and being in the City of Peoria, County of Peoria and State of Illinois.