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HomeMy WebLinkAbout07-87 Resolution No. 07-87 RESOLUTION AUTHORIZING EXECUTION OF A REAL ESTATE SALES CONTRACT (523 N. State Street) 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 Sales Contract on behalf of the City of Elgin with First American Bank, as Trustee under Trust No 1-06-116, for the purchase of property commonly known as 523 N. State Street,Elgin,for$395,000,a copy of which is attached hereto and made a part hereof by reference. s/Ed Schock Ed Schock, Mayor Presented: April 11, 2007 Adopted: April 11, 2007 Omnibus Vote: Yeas: 7 Nays: 0 Attest: s/Dolonna Mecum Dolonna Mecum, City Clerk C