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HomeMy WebLinkAbout01-82 Resolution No. 01-82 RESOLUTION AUTHORIZING EXECUTION OF A REAL ESTATE SALE CONTRACT FOR THE PURCHASE OF 1900 HOLMES ROAD (U. S . Precision Glass Company) BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS, that Ed Schock, Mayor, and Dolonna Mecum, City Clerk, be and are hereby authorized and directed to execute a Real Estate Sale Contract on behalf of the City of Elgin with U. S . Precision Glass Company, for the purchase of property commonly known as 1900 Holmes Road, Elgin, for $5, 600, 000 . 00, a copy of which is attached hereto and made a part hereof by reference . BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS, that Ed Schock, Mayor, and Dolonna Mecum, City Clerk, be and are hereby authorized and directed to execute a lease on behalf of the City of Elgin with U. S . Precision Glass Company, for the lease of the property commonly known as 1900 Holmes Road, Elgin, Illinois to U. S . Precision Glass Company, a copy of which is also attached hereto and made a part hereof by reference. s/ John Walters John Walters, Mayor Pro Tem Presented: March 28, 2001 Adopted: March 28 , 2001 Omnibus Vote : Yeas 5 Nays : 0 Attest : s/ Suellyn Losch Suellyn Losch, Deputy City Clerk