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Executive Committee
Filed: 1/7/2007
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09400SB1959ham001 |
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LRB094 11404 RCE 60972 a |
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| AMENDMENT TO SENATE BILL 1959
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| AMENDMENT NO. ______. Amend Senate Bill 1959 by replacing |
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| everything after the enacting clause with the following:
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| "Section 5. The State Property Control Act is amended by |
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| adding Section 8.3 as follows:
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| (30 ILCS 605/8.3 new) |
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| Sec. 8.3. John J. Madden Mental Health Center. |
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| (a) Notwithstanding any other provision of this Act or any |
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| other law to the contrary, the administrator is authorized |
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| under this Section to sell all or any part, from time to time, |
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| of the property in Cook County known as the John J. Madden |
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| Mental Health Center, if ever it is declared
no longer needed |
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| by the Secretary of Human Services, to Loyola University |
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| Medical Center at its fair market value as determined under |
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| subsection (b). |
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| (b) The administrator shall obtain 3 appraisals of property |
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| to be sold under subsection (a). Each appraiser must be |
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| licensed under the Real Estate Appraiser Licensing Act of 2002, |
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| or a successor Act. At least 2 of the appraisals must be |
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| performed by appraisers residing in Cook County. The average of |
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| these 3 appraisals, plus the cost of obtaining the appraisals, |
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| shall represent the fair market value of the property to be |
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| sold. |
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| (c) Neither all nor any part of the property may be sold or |