Title
Joint resolution authorizing the execution of a joint agreement between the Grayslake Fire Protection District and Lake County providing for the conveyance of property from Lake County along Peterson Road to the Grayslake Fire Protection District for an adjusted fair market value of $21,922.50.
Staff Summary
· Conveyance of Property to the Grayslake Fire Protection District: Agreement
· Peterson Road will be relocated at IL Route 60 and Lake County possesses an irregular shaped parcel of 1.666 acres adjacent to what will become Old Peterson Road suitable for said fire station.
· The Grayslake Fire Protection District desires to construct a new fire station along Peterson Road.
· This resolution authorizes the execution of an agreement for the conveyance of this property to the Grayslake Fire Protection District at an adjusted fair market value of $21,922.50.
· The fair market value had been adjusted for cost of drainage improvements the county will no longer have to undertake.
Body
R E S O L U T I O N
WHEREAS, Lake County is relocating Peterson Road (County Highway 20) at IL Route 60; and
WHEREAS, Lake County possesses fee simple ownership of an irregular shaped parcel of property having an area of 1.666 acres along Peterson Road (hereinafter the FIRE STATION PARCEL); and
WHEREAS, the Grayslake Fire Protection District desires to construct a new fire station in order to provide better fire protection coverage and emergency medical service coverage to its district; and
WHEREAS, in order to construct said new fire station along Peterson Road, the Grayslake Fire Protection District needs ownership of said FIRE STATION PARCEL; and
WHEREAS, Lake County and the Grayslake Fire Protection District are desirous of entering into an agreement stating the terms and conditions for the conveyance of said FIRE STATION PARCEL at an adjusted fair market value of $21,922.50, a draft copy of said agreement attached hereto.
NOW, THEREFORE BE IT RESOLVED by this Cou...
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