crete-monee-cusd-201u-contract-2023-08-31_16e.pdf
School District Approves $750K Property Purchase from Bank
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Description
The Board of Education of Crete-Monee CUSD 201-U awarded a real estate purchase and sale agreement to Old Plank Trail Community Bank, NA for an office building and related property, at a price of $750,000 minus a 2.5% discount and rental credits. Closing is scheduled on or before August 31, 2023 and includes easement rights and transfer of building contents as a donation.
Contract Details
Contract Amount
$750,000.00 (subject to 2.5% discount and rental credits)
Vendor
OLD PLANK TRAIL COMMUNITY BANK NA
Agency
Crete Monee CUSD 201U, IL
Contract Type
OTHER
Document Date
August 31, 2023
Contract Term
Closing on or before August 31, 2023; single transaction
Renewal Date
2023-08-31
Renewal Info
Contract is a one-time real estate transaction; no renewals or extensions unless the parties agree in writing to amend the closing date or other terms as stipulated in the agreement.
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