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G29-17 Ordinance No. G29-17 AN ORDINANCE AUTHORIZING EXECUTION OF A REAL ESTATE CONTRACT BETWEEN THE CITY OF ELGIN AND SPILLANE AND SONS, INC. REGARDING THE CONVEYANCE OF 277-79 N. SPRING STREET AND 209 FRANKLIN BOULEVARD, ELGIN, ILLINOIS WHEREAS, Spillane and Sons, Inc. has proposed to redevelop the City of Elgin owned properties at 277-79 N. Spring Street and 209 Franklin Boulevard with the construction of two new single-family homes; and WHEREAS, as part of such redevelopment, the City is agreeing to convey such properties to Spillane and Sons, Inc., for a zero purchase price. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS that City Manager, Richard G. Kozal, and City Clerk, Kimberly A. Dewis, be and are hereby authorized and directed to execute a real estate contract between the City of Elgin and Spillane and Sons, Inc. for the conveyance of 277-79 N. Spring Street and 209 Franklin Boulevard, Elgin, Illinois, to Spillane and Sons, Inc. for a zero dollar purchase price, and that the form of such real estate contract shall be as approved by the Corporation Counsel. David J. K ain,44ayor Presented: June 28, 2017 Passed June 28, 2017 Omnibus Vote: Yeas: 9 Nays: 0 ; ^ Recorded: June 28, 2017 Published: June 30, 2017 A s Kimberly Dewis#Ci 'Ierk