1987-04-06 - Resolution 1987-13 - MODIFYING A REVERTER CLAUSE (PRAIRIE SCHOOL SITE) - QUIT CLAIM DEED3/16/87
Januarq 14
RESOLUTION NO. 87- 13
A RESOLUTION MODIF'YING
A REVERTER CLAUSE (Prairie School Site)
WHEREAS, the Village of Buffalo crove by Resolution No.
79- 70 conveyed to the Regional Board of School Trustees of
Lake Co. and their successors in office for the use and benefit
of Elementary School District *96 in Lake County, IJ,linois by
means of a Quit Claim Deed, three Lots in the Villas of Buffalo
Creek, Unit Ii and,
hIHEREAS, said ouit Claim Deed was recorded in the Lake
County Recorderrs Office, as Document Number 2043944 on
, L9 go , and
WEEREAS, said Quit Claim Deed was subject to the following
reverter -
TTREVERTERTT: If said real property ceases to be used for schoolpurposes for two years, then same shall revert tothe Grantor herein. " i and,
riHEREAS, School District #96 has represented to the Village
that it has no tnore imnediate use for Lot 9006 as further herein-
after 1e9al1y described.
NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF TEE VILLAGE OT' BUFFALO GROVE, COOK AND LAKE COUNTIES,
ILLINOIS:
Section I: That the preceding Whereas clauses are hereby
made a part
Sect ion
of this Resolution and incorporated herein.
That the village of Buffalo Grove as Grantor in2
the
and
as
above described Quit claim Deed does hereby waive, release
hold for naught the Reverter in said Quit Claim Deed but only
it affects the following real property:
aLot 9006 in the Villas of Buffalo Creek Unit l, being
subdivision oE part of the North half of the Northeast
quarter of Section 29, Township 43 North, Range 11,
East of the Third Principal Ueridian, according to theplat thereof, recorded April 25, 1979 as Document
1990528, in book 70 of plats, Pages 1, 2 3 and 4 in
Lake County, I ll inois.
Section 3: That the release of said Reverter in regards to
9006 being developed r.rithsaid Lot 9006 is subject to said Lot
one family detached dwelling units.
Section 4: This Resolution does not affect the Reverter in
regards to Lots 9002 or 9007 in the aforesaid Quit Claim Deed'
Section 5: This Resolution shall be in full force and
effect from and after its passage and approval.
AyES: 5 - Marienthal, 0rReilly, Glover, Reid, Kowalski
NAyES: 0 - None
ABSENT: 1 - Shie 1ds
APrr-1 oPASSED:,1987.
, 1987.APPROVED:
ATTEST :f4. &,o,!r.-^.
Aprii- 6
a9e er
APPROVED
age res n
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