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Burr Ridge board authorizes Village Hall to be listed for sale; appraisal cited at $1.8 million
Summary
Trustees voted to authorize soliciting proposals for two Village Hall parcels after staff cited an MAI appraisal of $1.8 million, a legal minimum sale threshold of 80% of appraisal, and a village budget floor of $2 million; the resolution authorizes solicitation only, not an executed sale.
The Burr Ridge village board on Aug. 11 authorized putting Village Hall up for sale — meaning staff may solicit proposals for two of the three parcels on the Village Hall site — after a lengthy presentation and trustee questions about parcels, access and financing.
Evan explained the resolution is procedural: it authorizes the village to solicit and consider purchase proposals but does not execute the sale. He said an MAI appraisal values the offering at $1,800,000 and state law requires a sale…
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