crete-monee-cusd-201u-resolution-2023-04-18_56d.pdf
Crete-Monee School Board Approves Property Purchase for Offices
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Description
The Board of Education of Crete-Monee CUSD 201-U approved the purchase of property at 690 W. Exchange Street, Crete, IL from Old Plank Trail Community Bank, NA for a discounted amount of $750,000 less credits, to be closed by June 30, 2023. The acquisition includes office furnishings and an access easement.
Contract Details
Contract Amount
$750,000.00 less 5% discount; prorated for any rents from 12/1/2022 to closing; final amount subject to adjustments
Vendor
OLD PLANK TRAIL COMMUNITY BANK NA
Agency
Crete Monee CUSD 201U, IL
Contract Type
FACILITIES
Document Date
April 18, 2023
Contract Term
Closing on or before June 30, 2023; date may be extended by agreement
Renewal Date
2023-06-30
Renewal Info
Closing may be extended by mutual agreement; deed includes 39-year use restriction on banking activity; lease terminates at closing; easement maintenance obligation continues.
More from OLD PLANK TRAIL COMMUNITY BANK NA
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APPROVEDcrete-monee-cusd-201u-contract-2023-08-31_16e.pdf
AWARDEDreal_estate_purchase_and_sale_agreement_crete_mone.pdf
APPROVEDreal_estate_purchase_and_sale_agreement.pdf
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