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RESOLUTION APPROVING PURCHASE OF REAL PROPERTY
LOCATED AT 2S361 GLEN PARK ROAD, LOMBARD, ILLINOIS
resolution
WHEREAS, the County of DuPage (“the County”) has previously discussed the acquisition of real property for the use of the Regional Office of Education (“ROE”); and
WHEREAS, the County of DuPage engaged a real estate agent to assist the County and ROE in locating acceptable buildings which meet the needs of the County and ROE; and
WHEREAS, the County has tendered an offer, contingent on the approval of the County Board, for a piece of real property located in unincorporated Lombard, commonly known as 2S361 Glen Park Road, Lombard, Illinois, 60148 (“Subject Property”); and
WHEREAS, the County’s offer, in summary, not verbatim, totals Four Million One Hundred Thousand Dollars ($4,100,000.00) in compensation for the Subject Property; and
WHEREAS, pursuant to the terms and conditions of the acquisition agreement between the County and the ROE, the ROE has agreed to tender Two Million One Hundred Thousand Dollars ($2,100,000.00) to the County prior to closing of the Subject Property; and
WHEREAS, the County’s offer also included a leaseback of a portion of the Subject Property to the seller for continued operation of their food pantry pursuant to the terms and conditions of the lease agreement between the County and the seller under FI-R-0184-26 (“Resolution Approving Entry of a Lease Agreement with Christ Church of Oak Brook for Food Pantry Services”); and
WHEREAS, a copy of the County’s offer to the seller is attached hereto as Exhibit A; and
WHEREAS, pursuant to the terms of the offer attached as Exhibit A, the County and the seller are negotiating a purchase agreement for the purchase cost of the Subject Property, which will be subsequently voted upon by the DuPage County Board and is attached hereto as Exhibit B; and
WHEREAS, the County and ROE are negotiating an acquisition agreement and lease relating to the reimbursement of the Co...
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