Wednesday, February 15, 2017

DNR-CONVEY REAL ESTATE -100th GA - HB 770

DNR-CONVEY REAL ESTATE -100th GA - HB 770


Senator:  Barbara Wheeler (R)

Filed: HB 770 on 2-10-17

Synopsis As Introduced
Authorizes the Department of Natural Resources to convey, in exchange for $1, certain real estate in McHenry County to the Fox Waterway Agency. Provides that the conveyance is subject to: (1) existing public utilities, existing public roads, and any and all reservations, easements, encumbrances, covenants, and restrictions of record; and (2) the express condition that any proceeds from the sale of the real property shall be utilized for the purchase and development of an alternate dredge material disposal site or sites. Authorizes the Director of Natural Resources to exchange described parcels of real estate in Lake County for another parcel of described real estate in Lake County. Effective immediately.

House Committee Amendment No. 1
Deletes language providing that the conveyance is subject to the express condition that any proceeds from the sale of the real property shall be utilized for the purchase and development of an alternate dredge material disposal site or sites. Provides instead that the property is subject to the express condition that within one year after conveyance, the Fox Waterway Agency shall: sell the real property for no less than fair market value; use any proceeds from the sale to purchase of an alternate dredge material disposal site or sites for no more than fair market value; and transfer any proceeds remaining after the purchase of an alternate dredge material disposal site or sites to the Department of Natural Resources for deposit into the General Revenue Fund. Provides that if, after one year following the conveyances of the real property, the Fox Waterway Agency has failed to comply with the express condition, the real property shall revert to the State of Illinois, Department of Natural Resources, or, if applicable, the proceeds from the sale of the conveyed property shall be immediately transferred to the Department of Natural Resources for deposit into the General Revenue Fund. Provides that if any property purchased with proceeds from the sale of the conveyed property is not used as a dredged material disposal site within 2 years following the conveyances or if at any time the property ceases to be used for public purposes, the Fox Waterway Agency shall convey by quitclaim deed the property to the Department of Natural Resources for $1. Provides that "fair market value" means the average of 3 appraisals plus the costs of obtaining the appraisals.

House Floor Amendment No. 2
Deletes language authorizing the Director of Natural Resources to exchange described parcels of real estate in Lake County for another parcel of described real estate in Lake County.

HB 770 Action

Remember Enjoy the Outdoors, Good Luck and Stay Safe


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