Public Act 102-0915
 
HB2825 EnrolledLRB102 12121 LNS 17458 b


  
    AN ACT concerning civil law.
  
 
    Be it enacted by the People of the State of Illinois,
 
represented in the General Assembly:
  


 
    Section 5. The Illinois and Michigan Canal Development Act 
is amended  by adding Section 14.1 as follows:
 
    (615 ILCS 45/14.1 new)
    Sec. 14.1. Exchange of property.
    (a)   Notwithstanding any other provision of law or 
restriction on the property, including, but not limited to, 
any State rights, easements, or conveyance and reversion 
clauses restricting sale, the Village of Lemont may exchange 
with a nongovernmental entity the Illinois and Michigan Canal 
lands that were purchased from the State for other real 
property of substantially equal or greater value, as 
determined by 2 MAI appraisals of the properties, and of 
substantially the same or greater suitability for 
recreational, park, and parking purposes without additional 
cost to the Village. However, the property being transferred 
to the Village must be continuous to other Illinois and 
Michigan Canal lands owned by the Village.
    (b) Prior to an exchange under subsection (a) with a 
nongovernmental entity, the Village board shall hold a public 
hearing in order to consider the proposed exchange. Notice of 
such a meeting shall be published at least twice, with the 
first and last publication being at least 10 days apart, in a 
newspaper of general circulation within the Village.
    (c) This Section applies only to the exchange of Parcel 
One owned by the Village for Parcel Two owned by a 
nongovernmental entity as follows:
 
    PARCEL ONE:
 
    THAT PART OF SECTION 20, TOWNSHIP 37 NORTH, RANGE 11 EAST 
    OF THE THIRD PRINCIPAL MERIDIAN, ALL IN COOK COUNTY, 
    ILLINOIS, DESCRIBED AS FOLLOWS:
 
    BEGINNING AT THE INTERSECTION OF THE SOUTH LINE OF THE 
    SOUTHERLY 90 FOOT RESERVE STRIP OF THE ILLINOIS AND 
    MICHIGAN CANAL AND THE NORTHEAST CORNER OF LOT 1 IN BLOCK 1 
    IN THE PLAT OF THE VILLAGE OF LEMONT, RECORDED AUGUST 8, 
    1874 AS DOCUMENT 184242; THENCE ALONG A LINE 141 FEET 
    SOUTHWESTERLY ALONG THE SOUTH LINE OF THE SOUTHERLY 90 
    FOOT RESERVE STRIP OF THE ILLINOIS AND MICHIGAN CANAL; 
    THENCE ALONG A LINE 79 FEET NORTHWESTERLY (AS MEASURED AT 
    RIGHT ANGLES THERETO) AND PARALLEL WITH THE EASTERLY LINE 
    OF BLOCK 1 IN SAID VILLAGE OF LEMONT SUBDIVISION, EXTENDED 
    NORTHWESTERLY; THENCE ALONG A LINE 139 FEET PARALLEL WITH 
    CANAL STREET; THENCE ALONG A LINE 63 FEET SOUTHEASTERLY TO 
    THE POINT OF BEGINNING, ALL IN COOK COUNTY, ILLINOIS.
 
    PARCEL TWO:
 
    THAT PART OF SECTION 20, TOWNSHIP 37 NORTH, RANGE 11 EAST 
    OF THE THIRD PRINCIPAL MERIDIAN, ALL IN COOK COUNTY, 
    ILLINOIS, DESCRIBED AS FOLLOWS:
 
    LOTS 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, AND THAT 
    PART OF LOT 20 LYING EAST OF THE LEMONT ROAD BRIDGE, ALL IN 
    BLOCK 1 IN THE PLAT OF THE VILLAGE OF LEMONT, RECORDED 
    AUGUST 8, 1874 AS DOCUMENT 184242; ALL IN COOK COUNTY, 
    ILLINOIS.
 
    PIN: 22-20-304-015; 22-20-304-18.