60 ILCS 1/30-50
2021 Illinois Compiled Statutes|Chapter 60 - TOWNSHIPS|60 ILCS 1/ - Township Code.|Article 30 - Annual Township Meeting

Sec. 30-50. Purchase and use of property.(a) The electors may make all orders for the  purchase, sale, conveyance,  regulation, or use of the township's corporate property (including  the direct  sale or lease of single township road district property) that may be deemed conducive  to  the interests of its inhabitants, including the lease, for up to 10 years, or for up to 25 years if the lease is for a wireless telecommunications tower, at  fair market value, of corporate property for which no use or need during the  lease period is anticipated at the time of leasing. The electors may delegate the power to purchase, sell, or lease property to the township board for a period of up to 12 months and the township board may specify properties being considered. The property may be leased  to another governmental body, however,  or to a not-for-profit corporation that has contracted to construct or fund  the construction of a structure or improvement upon the real estate owned by  the township and that has contracted with the township to allow the township to  use at least a portion of the structure or improvement to be constructed upon  the real estate leased and not otherwise used by the township,  for any term not exceeding 50 years and  for any consideration.  In the case of a not-for-profit corporation, the township shall hold a public  hearing on the proposed lease.  The township clerk shall give  notice of the hearing  by publication in a newspaper published in the township,  or in a newspaper published in the county and having general  circulation in the township if no newspaper is published in the township, and  by posting notices in at least 5 public places  at least 15 days before the public hearing.(b) If a new tax is to be levied or an existing tax rate is to be increased  above the statutory limits for the purchase of the property, however, no action  otherwise authorized in subsection (a) shall be taken unless a petition signed  by at least 10% of the registered voters residing in the township is presented  to the township clerk.  If a petition is presented to the township clerk, the  clerk shall order a referendum on the proposition.  The referendum shall be  held at the next annual or special township meeting or at an election in  accordance with the general election law.  If the referendum is ordered to be  held at the township meeting, the township clerk shall give notice that at the  next annual or special township meeting the proposition shall be voted upon.  The notice shall set forth the proposition and shall be given by publication in  a newspaper published in the township. If there is no newspaper published  in the township, the notice shall be published in a newspaper published in the  county and having general circulation in the township. Notice also shall be  given by posting notices in at least  5 public places at least 15 days before  the township meeting.  If the referendum is ordered to be held at an election,  the township clerk shall certify that proposition to the proper election  officials, who shall submit the proposition at an election.  The proposition  shall be submitted in accordance with the general election law.(c) If the leased property is utilized in part for private use and in part  for public use, those portions of the improvements devoted to private use are  fully taxable.  The land is exempt from taxation to the extent that the uses on  the land are public and taxable to the extent that the uses are private.(d) Before the township makes a lease or sale of township or road  district  real property, the electors shall either delegate the power to the township board to purchase, sell, or lease properties for a period of up to 12 months as provided in subsection (a) or adopt a resolution  stating  the intent to lease or sell the real property, describing the  property in full, and stating the terms and conditions the electors deem  necessary and desirable for the lease or sale.  A resolution stating the  intent to sell real property shall also contain pertinent information  concerning the size, use, and zoning of the property.  The value of real property shall be determined  by a State licensed real estate appraiser.  The appraisal shall be available for  public inspection.  The resolution may direct the sale to be conducted by the  staff of the township or by listing with local licensed real  estate agencies  (in which case the terms of the agent's compensation shall be included in the  resolution).Anytime during the year, the township or township road district may lease or sell personal property by a vote of the township board or request of the township highway commissioner.The clerk shall thereafter publish the resolution or personal property  sale notice once in a newspaper published in the township or, if no newspaper  is published in the township, in a newspaper generally circulated in the  township.  If no newspaper is generally circulated in the township, the clerk  shall post the resolution or personal property sale notice in 5 of the  most public places in the township.  In addition to the foregoing publication  requirements, the clerk shall post the resolution or personal property  sale notice at the office of the township (if township property is involved)  or at the office of the road district (if road district property is  involved).  The following information shall be published or posted with the  resolution or  personal property sale notice: (i) the date by which all bids must be  received by the township or road district, which shall not be less than 30  days  after the date of publication or posting, and (ii) the place, time, and date at  which bids shall be opened, which shall be at a regular meeting of the township  board.All bids shall be opened by the clerk (or someone duly appointed to act  for the clerk) at the regular meeting of the township board described in the  notice.  With respect to township personal property, the  township board may accept  the high bid or any  other bid determined to be in the best interests of the township by a majority  vote of the board.  With respect to township real property, the township  board may accept the high bid or any other bid determined to be in the  best interests of the township by a vote of three-fourths of the township  board then holding office, but in no event at a price less than 80% of the  appraised value.  With respect to road district property, the highway  commissioner may accept  the high bid or any other bid determined to be in the best interests of the  road district.  In each case, the township board or commissioner  may  reject  any and all bids.  This notice and competitive bidding procedure shall not be followed  when property is leased to another governmental body.  The notice and  competitive bidding procedure shall not be followed when real or personal property is declared  surplus by the township board or the highway commissioner and sold to another governmental body.The township board or the highway commissioner may authorize the sale of personal property by public auction conducted by an auctioneer licensed under the Auction License Act or through an approved Internet auction service.(e) A trade-in of machinery or equipment on new or different machinery or  equipment does not constitute the sale of township or road district property.  (Source: P.A. 99-78, eff. 7-20-15; 100-839, eff. 1-1-19.)