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An Ordinance Authorizing the Execution of an Assignment and Assumption of Purchase Agreement (Duke Realty Limited Partnership, 17.23 acres North of Renwick Road)
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WHEREAS, the Village of Romeoville is a home rule unit of government within the meaning of the Section 6(a) of Article VII of the Constitution of the State of Illinois, and is authorized pursuant thereto to exercise any power and perform any function pertaining to its government and affairs, including the power to acquire real estate pursuant to contract on such terms as the Corporate Authorities shall authorize; and
WHEREAS, public purposes include those purposes which are useful, advantageous, beneficial, or utilitarian to the Village in the exercise of its corporate powers and in connection with its performance of municipal functions or rendition of municipal services, where the use of the real estate so acquired for public purposes will benefit the Village of Romeoville and the public as a whole, with such benefits being available on equal terms to all members of the public, and in accordance with the applicable ordinances of the Village of Romeoville and laws of the State of Illinois; and
WHEREAS, the Village has determined that the property legally described in the assignment and assumption of purchase agreement with Duke Realty Limited Partnership attached hereto and incorporated herein as Exhibit A is necessary for the Village to acquire for public purposes and specifically for the purpose of providing right of way for future roadway improvements; and
WHEREAS, Duke Realty Limited Partnership is presently party to a contract to purchase the above-referenced property from the record owners thereof but is willing to assign its interest in and to such purchase contract to the Village pursuant to the terms of the assignment and assumption of purchase agreement set forth in Exhibit A; and
WHEREAS, after further investigation and negotiation, the Village of Romeoville has determin...
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