Cook Illinois Resolution by Board of Directors of Authorizing the Sale of Real Estate

• Category: Corporations - Minutes and Resolutions
• State: Multi-State
• County: Cook
• Control #: US-1340704BG
• Format: Word; Rich Text

Description

A board resolution offers a formal way for boards to document in writing a decision that the board of directors made. Board resolutions serve as a formal, legal record of certain important decisions. Cook Illinois Resolution by Board of Directors of Authorizing the Sale of Real Estate is a legal document that grants the board of directors of Cook County, Illinois the authority to sell a specific real estate property. This resolution is commonly used when Cook County intends to dispose of a piece of real estate for various reasons, such as financial or strategic purposes. The Cook Illinois Resolution by Board of Directors of Authorizing the Sale of Real Estate is an important step in the process of selling the property as it provides the legal grounds for the transaction. The resolution outlines the details of the property to be sold, including its location, size, and any relevant zoning or land-use designations. It also highlights the reasons for the sale, which could include generating revenue, reducing financial burdens, or aligning with the county's overall objectives. There may be different types of Cook Illinois Resolution by Board of Directors of Authorizing the Sale of Real Estate depending on the specific property being sold. For instance, if the property is a surplus county-owned building, the resolution would outline the need to sell it to eliminate maintenance costs and generate revenue. On the other hand, if the property is a vacant land, the resolution might focus on the potential for economic development and job creation through its sale. The resolution usually includes specific clauses and provisions that protect the interests of the county. These may cover matters such as the minimum selling price, the appointment of a real estate agent or broker, the establishment of a timeline for the sale, and any necessary inspections or appraisals required before the transaction can take place. Overall, the Cook Illinois Resolution by Board of Directors of Authorizing the Sale of Real Estate is a crucial legal document that enables Cook County to effectively and transparently sell real estate. It ensures that the sale process adheres to all applicable laws and regulations, protecting the county's interests while also creating opportunities for economic growth and financial stability.

Cook Illinois Resolution by Board of Directors of Authorizing the Sale of Real Estate is a legal document that grants the board of directors of Cook County, Illinois the authority to sell a specific real estate property. This resolution is commonly used when Cook County intends to dispose of a piece of real estate for various reasons, such as financial or strategic purposes. The Cook Illinois Resolution by Board of Directors of Authorizing the Sale of Real Estate is an important step in the process of selling the property as it provides the legal grounds for the transaction. The resolution outlines the details of the property to be sold, including its location, size, and any relevant zoning or land-use designations. It also highlights the reasons for the sale, which could include generating revenue, reducing financial burdens, or aligning with the county's overall objectives. There may be different types of Cook Illinois Resolution by Board of Directors of Authorizing the Sale of Real Estate depending on the specific property being sold. For instance, if the property is a surplus county-owned building, the resolution would outline the need to sell it to eliminate maintenance costs and generate revenue. On the other hand, if the property is a vacant land, the resolution might focus on the potential for economic development and job creation through its sale. The resolution usually includes specific clauses and provisions that protect the interests of the county. These may cover matters such as the minimum selling price, the appointment of a real estate agent or broker, the establishment of a timeline for the sale, and any necessary inspections or appraisals required before the transaction can take place. Overall, the Cook Illinois Resolution by Board of Directors of Authorizing the Sale of Real Estate is a crucial legal document that enables Cook County to effectively and transparently sell real estate. It ensures that the sale process adheres to all applicable laws and regulations, protecting the county's interests while also creating opportunities for economic growth and financial stability.