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Ordinance 1972-20 AN ORDINANCE PROVIDING FOR THE PURCHASE OF REAL PROPERTY TO BE USED FOR LIBRARY PURPOSES WITHIN THE UNITED CITY OF THE VILLAGE OF YORKVILLE. WHEREAS, the corporate authorities have considered the advisability of purchasing certain real property for the use of the library of the United City of the Village of Yorkville; and WHEREAS, the corporate authorities have determined that it is in the best interest of the United City of the Village of Yorkville that additional space be purchased and maintained for library purposes; and WHEREAS, the corporate authorities, after investigation, have determined that the public interest will be sub-served by such purchase and maintenance; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE UNITED CITY OF THE VILLAGE OF YORKVILLE, KENDALL COUNTY, ILLINOIS, AS FOLLOWS: Section 1: That the United City for the Village of Yorkville purchase, for the sum of Thirty-Two Thousand ($32,000.00) Dollars, the following described property, to-wit: That part of Lot 1 in Block 5 of Black's Addition to the Village of Yorkville, described as follows: Beginning at the point of intersection of the West line of said Lot 1 with the South bank of the Fox River; thence Southerly along the West line of said Lot to a point 102 feet North of the South line of said Lot 1; thence East parallel with the South line of said Lot, 100 feet; thence North parallel with the West line of said Lot to the South bank of the Fox River; thence Westerly along said river bank to the point of beginning, in the Village of Yorkville, Kendall County, Illinois. Section 2: That the terms of such purchase shall be as follows: That the United City of the Village of Yorkville shall enter into an installment purchase contract with Leo Anderson, the owner of said property. That said contract shall be for a period not to exceed 20 years, with no more than Fifteen Thousand ($15,000.00) Dollars placed as down payment under said contract, and not to exceed seven per cent (7%) per annum interest on the remaining balance. Payments, under the terms of said contract, are to be in annual installments. Section 3: That this ordinance shall be published at least twice within 30 days after its passage and approval in one or more of the newspapers published in the municipality as by statute made and provided. Section 4: That this ordinance has passed the City Council by an affirmative vote of two-thirds of the elected corporate authorities now holding office. r-� Section 5: That this ordinance shall repeal all other ordinances or resolutions of the United City of the Village of Yorkville, heretofore passed and adopted that conflict herewith insofar as they conflict. Section b: That this ordinance shall be in full force and effect from and after its due passage and publication as required by Illinois Revised Statutes, 24 Sec. 11-76.1-3. PASSED: This 9th day of March, A.D., 1972. /C IT LERK APPROVED: This 9th day of March, A.D., 1972. MAYOR 2 STATE OF ILLINOIS ) COUNTY OF KENDALL ) SS UNITED CITY OF THE VILLAGE ) OF YORKVILLE ) I , the undersigned, JAMES J. BRANT, do hereby certify that I am the duly elected, qualified and acting City Clerk of the United City of the Village of Yorkville and as such, am the keeper and custodian of the minutes of the meetings of the City Council of said United City and of the original ordinances and resolutions adopted and approved by the City Council and Mayor of said United City. I , the undersigned, do further certify that the above and foregoing is a true and correct copy of a certain ordinance entitled, "AN ORDINANCE ANNEXING CERTAIN TERRITORY AND LAND TO THE UNITED CITY OF THE VILLAGE OF YORKVILLE, KENDALL COUNTY, ILLINOIS" passed by the City Council of the United City of the Village of Yorkville on the 13th day of July, 1972 and approved by the Mayor of the United City of the Village of Yorkville on the 13th day of July, 1972 , the original of which remains in my custody and control . DATED this day of July, 1972 . CITY RK STATE Of WHOM 3aa I;y- JULi 41972 ai- rt€6dRB§a 8P 8i0a 1LME� cNDEXr� o k_ {$RAC "r--