HomeMy Public PortalAboutResolution 11515
RESOLUTION NO. 11 ~ ~
A RESOLUTION AUTHORIZING THE PURCHASE OF THE PROPERTY AT
833 143RD STREET, PLAINFIELD, ILLINOIS FROM FIRST MIDWEST
TRUST COMPANY, NATIONAL ASSOCIATION
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF PLAINFIELD, AS FOLLOWS:
1. That the President and Clerk are hereby authorized to execute and attest,
respectively, to an Agreement for Deed by and between First Midwest Trust
Company, a National Association, as Trustee under a Trust Agreement dated the
1st day of October, 1996, and known as Trust Number 6116, Seller and the
Village of Plainfield, Buyer for a certain property located at 833 143rd Street,
Plainfield, Illinois for a sale price in the amount of Four Hundred Thirty Thousand
($430,000) Dollars.
2. That the President and Clerk are hereby authorized to execute and attest to all
such other and further documents as may be necessary to effectuate the
purchase of the property heretofore described as 833 143rd Street, Plainfield,
Illinois.
3. That the Village of Plainfield hereby designates that the Agreement for Deed as
an exempt obligation for the purpose of meeting the requirements of Section 265
(b) (3), of the Internal Revenue Code of 1986, as amended, regarding qualified
tax exempt obligations.
PASSED THIS 7th DAY OF October
1996.
AYES: Stalzer, Smolich, Rock, Heimerdinger, Dement.
NAYS: o
ABSENT: p
APPROVED THIS 7th DAY OF October , 1996.
/ VILLAGE PRESIDENT
- ATTEST: (_/
µ., ~ . -
VILLAGE 1~~LERK