OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR
December 12, 2012
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
At the request of the Commissioner of Housing and Economic Development, I transmit herewith ordinances authorizing the sale of City-Owned properties.
Your favorable consideration of these ordinances will be appreciated.
Mayor
Very truly yours,
ORDINANCE
WHEREAS, the City of Chicago ("City") is a home rule unit of government by virtue of the provisions of the Constitution of the State of Illinois of 1970, and, as such, may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, the City is the owner of the vacant parcels of property located at 1503-1509 South Trumbull Avenue, Chicago, Illinois, which are legally described on Exhibit A attached hereto (the "Property"), which Property is located in the Midwest Redevelopment Project Area ("Area") established pursuant to ordinances adopted by the City Council of the City (the "City Council") on May 17, 2000, and published in the Journal of Proceedings of the City Council for such date at pages 30775 through 30953; and
WHEREAS, Carey Tercentenary A.M.E. Church ("Grantee"), 1448 South Homan Avenue, Chicago, Illinois 60623, has offered to purchase the Property from the City for the sum of Sixteen Thousand and No/100 Dollars ($16,000.00), such amount being the appraised fair market value of the Property, to improve with a parking lot thereon; and
WHEREAS, pursuant to Resolution No. 12-066-21 adopted on October 18, 2012, by the Plan Commission of the City (the "Commission"), the Commission approved the negotiated sale of the Property to the Grantee; and
WHEREAS, public notice advertising the City's intent to enter into a negotiated sale of the Property with the Grantee and requesting alternative proposals appeared in the Chicago Sun-Times, a newspaper of general circulation, on October 23, 2012, and October 30, 2...
Click here for full text