Illinois Compiled Statutes 70 ILCS 1205/9-2d – A park district in counties with a population of less than 200,000 …
Current as of: 2024 | Check for updates
|
Other versions
A park district in counties with a population of less than 200,000 inhabitants may sell or lease park district property to a hospital provided that prior to such transaction:
(1) a public hearing on the issue is held after one notice is given in a newspaper of general circulation in the park district at least 7 days before the meeting; and
(2) the value of the property sought to be sold or leased is determined by 2 independent appraisals.
(1) a public hearing on the issue is held after one notice is given in a newspaper of general circulation in the park district at least 7 days before the meeting; and
Terms Used In Illinois Compiled Statutes 70 ILCS 1205/9-2d
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(2) the value of the property sought to be sold or leased is determined by 2 independent appraisals.