S-760 Ordinance No. S-760
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
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF ELGIN, ILLINOIS:
Section 1. That the City of Elgin purchase from Elgin National
Building Corp. , a Delaware corporation, organized under the laws of the
United States of America, located in the City of Elgin, Illinois, for the sum
of
[ the following described interest in real estate, to-wit:
All the land, property and space at and above a horizontal
plane 73e. 0 feet above Elgin City Datum, bounded as follows:
That part of Lots 4, 5 and 6 in Block 20 of the Original Town
of Elgin, on the East side of the Fox River, and part of vacated
Chicago Street lying Southerly of and adjoining said Block 20,
described as follows:
Commencing at the point of intersection of the Northerly
line of East Chicago Street and Westerly line of Lot 8 of the
Assessor's Subdivision of said Lot 6; thence Westerly along
said Northerly line of East Chicago Street a distance of 44. 0
feet to an angle in said Northerly line; thence Southwesterly
along said Northerly line of East Chicago Street a distance
of 7. 62 feet for the place of beginning; 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
and intersects the Southerly line of East Highland Avenue
at a point 163. 4 feet Southwesterly of the intersection of the
Easterly extension of said Southerly line and the Northerly
extension of the Westerly line of N. Grove Avenue, a distance
of 136. 76 feet to a point in the Northerly line of the Elgin
National Bank property; thence Southwesterly along said
Northerly line, forming an angle of 91 degrees 03 minutes
to the left with the prolongation of the last described course
a distance of 64 feet more or less to its intersection with the
Easterly shore line of the Fox River; thence Southeasterly
along said Easterly shore line, 130 feet more or less to its
intersection with the Northerly line of said East Chicago
Street; thence Northeasterly along said Northerly line a
distance of 68. 5 feet more or less to the place of beginning.
Also the express right to enter upon the above described
real estate below the said horizontal plane, for the purpose
of erecting, maintaining, repairing and inspecting pillars,
posts and supporting members of and for any structure e-
rected on or above said horizontal plane by the Grantee
hereunder, its successors or assigns. Expressly provided,
however, that there shall be no more than four supporting
members; a supporting member may consist of a series of
posts or pillars or supports constructed in an Easterly and
Westerly directioyiacross the described premises, but may
not exceed four feet in width per member. 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 Elgin National Building
Corp. , a Delaware corporation, in the sum of Fifty-five Thousand Forty-
six and 97/100 Dollars ($55, 046. 97),
provided a good and sufficient Warranty Deed, conveying title to said pre-.
mises to the City of Elgin is delivered prior to payment.
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, 1984
Vote: Yeas 5 Nays 0
Recorded: September 10, 1984
Published: September 10, 1964
Attest:
I
Myrtle E. Spiegler, City Clerk