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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB2710
Introduced 1/20/2006, by Sen. Wendell E. Jones SYNOPSIS AS INTRODUCED:
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65 ILCS 5/11-76-4.1 |
from Ch. 24, par. 11-76-4.1 |
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Amends the Illinois Municipal Code. Provides that surplus real estate formerly used as a police station or fire station may be sold only if the purchaser guarantees that the property will be developed and used only for affordable housing for senior citizens, the disabled, teachers, firemen, or law enforcement officers.
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| FISCAL NOTE ACT MAY APPLY | |
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
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A BILL FOR
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SB2710 |
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LRB094 18648 HLH 54001 b |
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| AN ACT concerning local government.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Illinois Municipal Code is amended by |
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| changing Section 11-76-4.1 as follows:
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| (65 ILCS 5/11-76-4.1) (from Ch. 24, par. 11-76-4.1)
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| Sec. 11-76-4.1. Sale of surplus real estate. The corporate
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| authorities of a municipality by resolution may authorize the |
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| sale or public
auction of
surplus public real estate. The value |
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| of the real estate shall be
determined by a written MAI |
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| certified appraisal or by a written certified
appraisal of a |
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| State certified or licensed real estate appraiser. The
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| appraisal shall be available for public inspection. The |
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| resolution may direct
the sale to be conducted by the staff of |
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| the municipality; by
listing
with local licensed real estate |
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| agencies, in which case the terms of the
agent's compensation |
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| shall be included in the resolution; or by public
auction. The |
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| resolution
shall be published at the first opportunity |
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| following its passage in a
newspaper published in the |
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| municipality or, if none, then in a newspaper
published in the |
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| county where the municipality is located. The resolution
shall |
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| also contain pertinent information concerning the size, use, |
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| and
zoning of the real estate and the terms of sale. The |
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| corporate authorities
may accept any contract proposal |
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| determined by them to be in the best
interest of the |
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| municipality by a vote of two-thirds of
the
corporate |
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| authorities then holding office, but in no event at a price
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| less
than 80% of the appraised value. If the surplus public |
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| real estate was formerly used as a police station or fire |
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| station, then it may be sold under this Section only if the |
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| purchaser guarantees that the property will be developed and |
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| used only for affordable housing for senior citizens, the |
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