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| 1 | AN ACT concerning civil law.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Illinois and Michigan Canal Development Act | ||||||
| 5 | is amended by adding Section 14.1 as follows: | ||||||
| 6 | (615 ILCS 45/14.1 new) | ||||||
| 7 | Sec. 14.1. Exchange of property. | ||||||
| 8 | (a) Notwithstanding any other provision of law or | ||||||
| 9 | restriction on the property, including, but not limited to, | ||||||
| 10 | any State rights, easements, or conveyance and reversion | ||||||
| 11 | clauses restricting sale, the Village of Lemont may exchange | ||||||
| 12 | with a nongovernmental entity the Illinois and Michigan Canal | ||||||
| 13 | lands that were purchased from the State for other real | ||||||
| 14 | property of substantially equal or greater value, as | ||||||
| 15 | determined by 2 MAI appraisals of the properties, and of | ||||||
| 16 | substantially the same or greater suitability for | ||||||
| 17 | recreational, park, and parking purposes without additional | ||||||
| 18 | cost to the Village. However, the property being transferred | ||||||
| 19 | to the Village must be continuous to other Illinois and | ||||||
| 20 | Michigan Canal lands owned by the Village. | ||||||
| 21 | (b) Prior to an exchange under subsection (a) with a | ||||||
| 22 | nongovernmental entity, the Village board shall hold a public | ||||||
| 23 | hearing in order to consider the proposed exchange. Notice of | ||||||
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| 1 | such a meeting shall be published at least twice, with the | ||||||
| 2 | first and last publication being at least 10 days apart, in a | ||||||
| 3 | newspaper of general circulation within the Village. | ||||||
| 4 | (c) This Section applies only to the exchange of Parcel | ||||||
| 5 | One owned by the Village for Parcel Two owned by a | ||||||
| 6 | nongovernmental entity as follows: | ||||||
| 7 | PARCEL ONE: | ||||||
| 8 | THAT PART OF SECTION 20, TOWNSHIP 37 NORTH, RANGE 11 EAST | ||||||
| 9 | OF THE THIRD PRINCIPAL MERIDIAN, ALL IN COOK COUNTY, | ||||||
| 10 | ILLINOIS, DESCRIBED AS FOLLOWS: | ||||||
| 11 | BEGINNING AT THE INTERSECTION OF THE SOUTH LINE OF THE | ||||||
| 12 | SOUTHERLY 90 FOOT RESERVE STRIP OF THE ILLINOIS AND | ||||||
| 13 | MICHIGAN CANAL AND THE NORTHEAST CORNER OF LOT 1 IN BLOCK 1 | ||||||
| 14 | IN THE PLAT OF THE VILLAGE OF LEMONT, RECORDED AUGUST 8, | ||||||
| 15 | 1874 AS DOCUMENT 184242; THENCE ALONG A LINE 141 FEET | ||||||
| 16 | SOUTHWESTERLY ALONG THE SOUTH LINE OF THE SOUTHERLY 90 | ||||||
| 17 | FOOT RESERVE STRIP OF THE ILLINOIS AND MICHIGAN CANAL; | ||||||
| 18 | THENCE ALONG A LINE 79 FEET NORTHWESTERLY (AS MEASURED AT | ||||||
| 19 | RIGHT ANGLES THERETO) AND PARALLEL WITH THE EASTERLY LINE | ||||||
| 20 | OF BLOCK 1 IN SAID VILLAGE OF LEMONT SUBDIVISION, EXTENDED | ||||||
| 21 | NORTHWESTERLY; THENCE ALONG A LINE 139 FEET PARALLEL WITH | ||||||
| 22 | CANAL STREET; THENCE ALONG A LINE 63 FEET SOUTHEASTERLY TO | ||||||
| 23 | THE POINT OF BEGINNING, ALL IN COOK COUNTY, ILLINOIS. | ||||||
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| 1 | PARCEL TWO: | ||||||
| 2 | THAT PART OF SECTION 20, TOWNSHIP 37 NORTH, RANGE 11 EAST | ||||||
| 3 | OF THE THIRD PRINCIPAL MERIDIAN, ALL IN COOK COUNTY, | ||||||
| 4 | ILLINOIS, DESCRIBED AS FOLLOWS: | ||||||
| 5 | LOTS 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, AND THAT | ||||||
| 6 | PART OF LOT 20 LYING EAST OF THE LEMONT ROAD BRIDGE, ALL IN | ||||||
| 7 | BLOCK 1 IN THE PLAT OF THE VILLAGE OF LEMONT, RECORDED | ||||||
| 8 | AUGUST 8, 1874 AS DOCUMENT 184242; ALL IN COOK COUNTY, | ||||||
| 9 | ILLINOIS. | ||||||
| 10 | PIN: 22-20-304-015; 22-20-304-18.
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