Illinois Statutes Chapter 315. Urban Problems § 30/26. Disposition of property not sold within five-year period

§ 26. The sale of any real property by a Department where required to be made for a monetary consideration except public sales of real property not sold within the 5-year period as provided in Section 18, shall be subject to the approval of the governing body of the municipality in which the real property is located; provided, however, that no new or additional approval of a sale by the governing body shall be required in any case where a sale by a land clearance commission has heretofore been approved by the State Housing Board and the governing body pursuant to the “Blighted Areas Redevelopment Act of 1947,” approved July 2, 1947, as amended. 1

The disposition of real property acquired pursuant to the provisions of this Act shall be exempt from the requirements of Sections 11-76-1 and 11-76-2 of the “Illinois Municipal Code”, approved May 29, 1961, as heretofore and hereafter amended. 2 All deeds of conveyances of real property shall be executed as provided in Section 11-76-3 of said Illinois Municipal Code. 3 Any deed of conveyance may provide such restrictions as are required by the plan for development or conservation plan and the building and zoning ordinances, but no deed of conveyance or lease either by the municipality or any subsequent owner shall contain a covenant running with the land or other provisions prohibiting occupancy of the premises by any person because of race, creed, color, religion, physical or mental disability, national origin or sex.