(70 ILCS 705/10a) (from Ch. 127 1/2, par. 30a)
(Text of Section before amendment by P.A. 103-131)
Sec. 10a.
Sale or exchange of property.
(a) The board of trustees of any fire protection district
incorporated under this Act may sell, lease or exchange personalty and
may sell or lease realty owned by the district and no longer needed for
fire protection purposes. Except as provided in subsection (b), any realty
sold pursuant to this Section shall be
sold to the highest and best bidder either at public auction or on sealed
bids. Notice of the public auction or of the receipt of bids shall be
published at least once in a newspaper having a general circulation in the
district or posted in at least ten public places in the district at least
ten days before the date of the auction or the receipt of bids.
(b) The board of trustees may, by resolution, authorize the sale of
surplus real
estate. The value of the surplus real estate shall be determined by a written
MAI certified
appraisal conducted by a State certified or licensed real estate
appraiser. The
appraisal must be available for public inspection. The resolution may direct
the sale to be
conducted directly by the board of trustees or by listing with local, licensed
real estate
agencies, in which case the terms of the agent's compensation must be included
in the
resolution. The resolution must also include pertinent information concerning
the size,
use, and zoning of the real estate and the terms of the sale. The resolution
must be published at the first opportunity after the adoption of
the
resolution in a newspaper of general circulation published in the district or,
if no
newspaper is published in the district, a newspaper of general circulation
published in the
county in which the district is located. The board of trustees may accept any
contract proposal that the board determines
is in the best interest of the district, provided, however, that the sale price
may not be less
than 80% of the appraised value of the real estate.
(c) Nothing in this Section prevents a fire
protection district
from
transferring realty to another municipal corporation or political
subdivision pursuant to the Local Government Property Transfer Act.
(Source: P.A. 91-68, eff. 1-1-00.)
(Text of Section after amendment by P.A. 103-131)
Sec. 10a. Sale or exchange of property.
(a) The board of trustees of any fire protection district
incorporated under this Act may sell, lease or exchange personalty and
may sell or lease realty owned by the district and no longer needed for
fire protection purposes. Except as provided in subsection (b), any realty
sold pursuant to this Section shall be
sold to the highest and best bidder either at public auction or on sealed
bids. Notice of the public auction or of the receipt of bids shall be
published at least once in a newspaper having a general circulation in the
district or posted in at least ten public places in the district at least
ten days before the date of the auction or the receipt of bids.
(b) The board of trustees may, by resolution, authorize the sale of
surplus real
estate. The value of the surplus real estate shall be determined by a written
MAI certified
appraisal or by a written certified appraisal of a State certified or licensed real estate
appraiser. The
appraisal must be available for public inspection. The resolution may direct
the sale to be
conducted directly by the board of trustees or by listing with local, licensed
real estate
agencies, in which case the terms of the agent's compensation must be included
in the
resolution. The resolution must also include pertinent information concerning
the size,
use, and zoning of the real estate and the terms of the sale. The resolution
must be published at the first opportunity after the adoption of
the
resolution in a newspaper of general circulation published in the district or,
if no
newspaper is published in the district, a newspaper of general circulation
published in the
county in which the district is located. The board of trustees may accept any
contract proposal that the board determines
is in the best interest of the district, provided, however, that the sale price
may not be less
than 80% of the appraised value of the real estate.
(c) Nothing in this Section prevents a fire
protection district
from
transferring realty to another municipal corporation or political
subdivision pursuant to the Local Government Property Transfer Act.
(Source: P.A. 103-131, eff. 1-1-24.)
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