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| Public Act 102-0925 | ||||
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AN ACT concerning property.
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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 Treasurer, on behalf of the State of | ||||
Illinois, is authorized
to execute and deliver to the City of | ||||
Collinsville, for
and in consideration of $1 paid to the | ||||
Treasurer, a quitclaim
deed to the following described real | ||||
property for the purpose of tourism and hospitality | ||||
development, to wit: | ||||
All of Lots 7, 8 and 11 in Eastport Plaza First Addition, | ||||
according to the plat thereof recorded in Plat Cabinet 52 | ||||
Page 130 of the Recorder's Office of Madison County, | ||||
Illinois. | ||||
Excepting therefrom that part of Lot 11 conveyed to W. A. | ||||
Dilow III and Linda S. Dilow by deed recorded in Book 3394 | ||||
Page 2175, described as follows: | ||||
Beginning at the Northwest corner of said Lot 11; thence | ||||
North 89 degrees 19 minutes 44 seconds East 243.15 feet; | ||||
thence South 01 degree 36 minutes 26 seconds East 104.0 | ||||
feet; thence North 87 degrees 46 minutes 32 seconds West | ||||
283.79 feet; thence North 22 degrees 36 minutes 30 seconds | ||||
East 97.60 feet to the point of beginning of said | ||
exception. | ||
Except any interest in the coal, oil, gas and other | ||
minerals underlying the land which have been heretofore | ||
conveyed or reserved in prior conveyances, and all rights | ||
and easements in favor of the estate of said coal, oil, gas | ||
and other minerals, if any. | ||
Situated in Madison County, Illinois. | ||
PINs: 13-2-21-29-10-101-008 | ||
13-2-21-29-10-101-009 | ||
13-2-21-29-10-101-012 | ||
Section 7. Dissolution of remaining Illinois Insured | ||
Mortgage Pilot Program property. | ||
(a) The Treasurer is hereby authorized to sell, convey, | ||
divest, or enter into any settlement agreement with respect to | ||
any interest, including liens, that the State has in any | ||
property associated with, or resulting from, the Illinois | ||
Insured Mortgage Pilot Program. | ||
(b) The State Treasurer shall cause any funds received by | ||
the State Treasurer as a result of subsection (a) to be | ||
deposited into the General Revenue Fund. | ||
Section 10. | ||
(a) The Treasurer shall obtain
a certified copy of this | ||
Act within 60 days after its effective
date and, upon receipt | ||
of the payment required,
shall record the certified document | ||
in the Recorder's Office
in the County in which the land is | ||
located. | ||
(b) The quitclaim deed to the property described in | ||
Section 5 shall state on its face and be subject to the | ||
conditions that the real property shall be used by the City of | ||
Collinsville for the purpose of tourism and hospitality | ||
development and that if the real property is used for any | ||
purposes other than for the purpose of tourism and hospitality | ||
development, or if an attempt is made to sell the property, | ||
then title shall revert without further action to the State of | ||
Illinois.
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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