Crete-Monee School District Approves $750,000 Real Estate Purchase
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Description
The Crete-Monee CUSD 201-U Board of Education approved an agreement to purchase an office building and property from Old Plank Trail Community Bank, NA for $750,000 minus discounts and rental credits. The transaction includes title transfer, personal property, and a recorded easement for access.
Contract Details
Contract Amount
$750,000.00 (less 2.5% discount and rental credits from December 1, 2022 to closing)
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 (date may be extended by agreement)
Renewal Date
2023-08-31
Renewal Info
Agreement may be amended only in writing signed by both parties; closing date may be extended by agreement.
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