2022-08-15 - Ordinance 2022-082 - AUTHORIZING THE VILLAGE TO PURCHASE 1650 LEIDER LANE, BUFFALO GROVE, ILLINOIS ORDINANCE NO. 2022-082
ORDINANCE AUTHORIZING THE VILLAGE TO PURCHASE 1650 LEIDER LANE, BUFFALO GROVE,
ILLINOIS
WHEREAS, the Village of Buffalo Grove ("Village") is a Home Rule Unit pursuant to the Illinois
Constitution of 1970; and,
WHEREAS, on May 10, 2022, the Village Board approved Ordinance No. 2022-048 authorizing
the execution of an Agreement of Purchase and Sale ("PSA") by and between 1650 Leider Lane, L.L.C.
("Seller") and the Village to purchase certain property commonly described as 1650 Leider Lane,
Buffalo Grove, Illinois("Property"); and
WHEREAS,the Village deems it necessary to perform the obligations under the PSA to acquire
the Property, including but not limited to expenditure of funds to acquire the Property, pursuant to
the terms set forth in the PSA.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF BUFFALO GROVE, COUNTIES OF COOK AND LAKE,STATE OF ILLINOIS, as follows:
SECTION 1. The foregoing recitals are hereby incorporated and made a part of this
Ordinance.
SECTION 2. The Village Manager is hereby authorized and directed to execute any and all
documents associated with the acquisition of the Property, pursuant to the terms of the PSA.
SECTION 3. This Ordinance shall be in full force and effect from and after its passage and
approval.This Ordinance shall not be codified.
AYES: 6—Stein,Ottenheimer,Weidenfeld,Johnson, Smith, Pike
NAYES: 0—None
ABSENT: 0—None
PASSED: August 15, 2022
APPROVED: August 15, 2022
APPROVED:
Beverly Sussm ,Village President
ATTEST:
Jane bian,WI-age Clerk
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