The Board of Trustees is authorized to buy one or more sites for college purposes, with necessary ground, and to take and purchase the site for a college site either with or without the owner’s consent, by condemnation or otherwise; to pay the amount of any award made by a jury in a condemnation proceeding; and to select and purchase all sites without the submission of the questions to any referendum. No such purchase may be made without the prior approval of the Illinois Community College Board. Purchase under this section of the law may be made by contract for deed when the Board considers the use of such a contract to be advantageous to the district, but a contract for deed may not provide for interest or unpaid balance of purchase price at a rate in excess of six percent (6%) per year not for a period of more than ten (10) years in which that price is to be paid. Title to all real estate shall be taken and held in the name of the Board of Shawnee Community College.
New Policy: July 2016