MANTENO-RELEASE LAND INTEREST

Amends Public Act 83-841. Directs the Department of Central Management Services to execute and record a release of the reverter clause contained in a quitclaim deed concerning certain land in Kankakee County. Effective immediately. Senate Floor Amendment No. 1 Replaces everything after the enacting clause with the provisions of the introduced bill, and makes the following change: Provides that if the City of Manteno transfers the property to a private entity, it shall do so for no less than fair market value, and 25% of the sale proceeds shall be paid to the State of Illinois. Effective immediately. House Committee Amendment No. 2 Adds reference to: P.A. 94-653, Sec. 5 P.A. 94-653, Sec. 10 rep. Replaces everything after the enacting clause with the provisions of the engrossed bill, and makes the following changes: Authorizes the Department of Human Services to grant and convey a permanent conservation easement to the Chicago Park District. Repeals a provision in Public Act 94-653 regarding the legal description of the land. Authorizes the Director of the Department of Natural Resources to terminate all contractual interests of the State of Illinois provided in the agreement between the State and the City of Pana, made on June 28, 1949, for the purpose of funding the construction of a dam and water reservoir to create the Pana Lake Project. Provides that the State of Illinois shall not receive compensation for the termination of its contractual rights. Provides that the Director shall execute a mutual termination with the City of Pana terminating both parties' interests in the agreement. Authorizes the Director to execute and deliver a quitclaim deed concerning specified real property to the Forest Preserve District of Will County for $1. Changes "City of Manteno" to "Village of Manteno". Provides that the Department of Central Management Services shall execute and record a release of the specified reverted clause upon the payment by the Village of Manteno to the State of Illinois of the fair market value as determined by 3 appraisals (rather than within 60 days of the effective date of the Act). Deletes language providing that if the Village of Manteno transfers the property to a private entity, it shall do so for no less than fair market value, and 25% of the sale proceeds shall be paid to the State of Illinois. Effective immediately.