Title
Joint ordinance authorizing the amount of $2,760,000 in the Stormwater Management Commission budget (Fund 212) to be utilized for the purpose of purchasing the Gurnee Grade School. The amount will be reimbursed through a grant awarded by the Illinois Department of Commerce and Economic Opportunity for the acquisition and demolition of the Gurnee Grade School, District 56, 900 Kilbourne Road, Gurnee, Illinois, Lake County.
Staff Summary
· This grant No. 08-358012 is through the Illinois Department of Commerce and Economic Opportunity and provides funding for the purchase and demolition of the Gurnee Grade School in the amount of $2,760,000.
· SMC has entered into an agreement with the Illinois Department of Commerce and Economic Opportunity (DCEO) to coordinate and manage the acquisition and demolition of the school.
· SMC will be reimbursed by the Illinois Department of Commerce and Economic Opportunity from this grant award for grant management and technical services.
Body
WHEREAS, the SMC entered into a cooperative agreement with the Department of Commerce and Economic Opportunity (DCEO) dated June 18, 2012, in which DCEO funds will be used to acquire certain floodplain, flood damaged, real property, by the SMC, subject to certain perpetual conditions and restrictions; and
WHEREAS, the SMC will acquire, with financial assistance from DCEO, certain real property located in Gurnee in Lake County, described in Exhibit A, as a part of the Department of Commerce and Economic Opportunity Ike Property Buyouts Program, located within a floodplain and within the corporate limits of the SMC; and
WHEREAS, the SMC and the Gurnee Grade School District #56 Board of Education are legal entities organized and existing under the laws of the State of Illinois, having among their powers to contract with one another to perform the undertakings described in this Ordinance; and
WHEREAS, the SMC has determined that it is necessary and convenient to acquire said real ...
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