S-759 Ordinance No. S-759
AN ORDINANCE
AUTHORIZING THE PURCHASE OF CERTAIN REAL PROPERTY
WHEREAS, the City Council has determined that it is necessary and
proper and to the interests of the public's health, safety and convenience that
a street or roadway be constructed along the Easterly bank of the Fox River,
connecting the Highland Avenue and Chicago Street Bridges, and
WHEREAS, the acquisition of additional real property is necessary to
provide a right of way for such street or roadway, and
WHEREAS, it is the considered opinion of this Council that the pre-
mises hereinafter described be acquired for such purpose at a price not to
exceed Eleven Thousand Nine Hundred Dollars ($11, 900. 00).
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF ELGIN, ILLINOIS:
Section 1. That the City of Elgin purchase from The First Federal
Savings and Loan Association of Elgin, an association organized under the
laws of the United States of America, located in the City of Elgin, Illinois,
for the sum of Eleven Thousand Nine Hundred Dollars ($11, 900. 00) the follow-
ing described interest in real estate, to-wit:
All the land, property, and space at and above a horizontal
plane 732..0 feet above Elgin City Datum, bounded as follows:
That part of Lots 3 and 4 in Block 20 of the Original Town of
Elgin, on the East side of the Fox River, described as follows:
Commencing at the point of Intersection of the Northerly line
of East Chicago Street and the Westerly line of Lot 8 of the
Assessor's Subdivision of Lot 6 of said Block 20; thence West-
erly along said Northerly line of East Chicago Street a distance
of 44. 0 feet to an angle in said Northerly line; thence Southwest-
erly along said Northerly line of East Chicago Street a distance
of 7. 62 feet; thence Northwesterly along a line that forms an angle
of 84 degrees 49 minutes to the right. with the prolongation of the
last described course a distance of 136. 76 feet to a point in the
Southerly line of the First Federal Savings and Loan Association
property for a point of beginning; thence continuing Northwesterly
along the last described course a distance of 93. 81 feet to a point
in the Southerly line of East Highland Avenue said point being 163. 4
feet Southwesterly of the intersection of the Easterly extension of
said Southerly line and the Northerly extension of the Westerly line
of North Grove Avenue; thence Southwesterly along said Southerly
line of East Highland Avenue a distance of 61. 35 feet more or less
to its intersection with the Easterly shore line of the Fox
River; thence Southeasterly along said Easterly shore line
a distance of 96 feet more or less to its intersection with
the Southerly line of the First Federal Savings and Loan
Association property; being also the Northerly line of the
Elgin National Bank property; thence Northeasterly along
said Southerly line a distance of 64 feet more or less to
the place of beginning. Also the express right to enter
upon the above described real estate below the said hori-
zontal plane for the purpose of erecting, maintaining, re-
pairing and inspecting pillars, posts and supporting members
of and for any structure erected on or above said horizontal
plane by the Grantee hereunder, its successors or assigns.
It being the intent of this deed to convey to the City of Elgin
certain air rights for the purpose of constructing a bridge
like structure to be used as a public street or roadway, said
property being situated in the City of Elgin, County of Kane
and State of Illinois.
Section 2. That the City Treasurer be and he hereby is authorized
and directed to issue a voucher, payable to the First Federal Savings and
Loan Association of Elgin, in the sum of Eleven Thousand Nine Hundred
Dollars ($11, 900. 00), provided a good and sufficient Warranty Deed, con-
veying title to said premises to the City of Elgin is delivered prior to pay-
ment.
Section 3. That this ordinance shall be effective from and after its
passage as provided by law and shall be published in pamphlet form by
authority of the City Council.
Clyde L. Shales, Mayor
Presented: September 10, 1964
Passed: September 10, 1964
Vote: Yeas 5 Nays
Recorded: September 10, 1964
Published: September 10, 1964
Attest:
Myrtle E. Spiegler, City Clerk