The Board of Trustees of the Village of Sugar Grove, Illinois will receive sealed bids for the purchase, under the successful bid, of the fee simple interest in the following real property:
Parcel I and Parcel F in Hannaford Farm Subdivision Unit 2, being a subdivision of part of the South Half of Section 4, Township 38 North, Range 7 East of the Third Principal Meridian, according to the plat thereof recorded April 9, 2007 as Document No. 2007K038156, in Kane County, Illinois;
which property is generally located adjacent to Wheatfield Avenue and Redbud Lane in the Hannaford Farm subdivision, and is currently a public park site. The sale will be a transfer by Quit Claim deed, subject to any covenants, conditions and restrictions of record, private and public easements and roadways, in its “as is” “where is” condition with no representations or warranties. The purchaser will be required to enter into a separate agreement with the Village agreeing to maintain the property as a park site open to the public, provided, however, that in the event the purchaser shall improve a portion of the property in the future with either tennis courts or a swimming pool, then such portion of the property, upon approval by the Village Board, may be removed from the restriction of being open to the public. A failure to maintain the subject property as a public park will result in a reverter.
Bids for the purchase of the aforesaid interest in the above-described property are hereby invited and will be received by the Village Clerk or her designee at the Village Hall, 10 S. Municipal Drive, Sugar Grove, Illinois between the hours of 8:00 a.m. and 4:30 p.m. until the date specified below for the opening of bids. Said proposals shall be addressed to:
Board of Trustees
Village of Sugar Grove
c/o Village Clerk
10 S. Municipal Drive
Sugar Grove, IL 60554
and shall bear the legend “PROPOSAL — SALE OF HANNAFORD FARM PARK SITE” and the name and address of the bidder.
All bids received will be publicly opened and read aloud at the regular meeting of the Board of Trustees of the Village of Sugar Grove at 6:00 p.m. on October 6, 2020.
A contract may be awarded to the highest bidder whose bid is found to be in the best interests of the Village of Sugar Grove, IL. The Board of Trustees reserves the right to reject any and all bids and to waive any informalities or irregularities in the bidding. The Board of Trustees further reserves the right to review and study any and all bids and to make a contract award within 30 days after the bids have been opened and publicly read.
Copies of the bidding documents may be obtained at the office of the Village Clerk.
Alison Murphy, Village Clerk