OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
May 18,2016
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
At the request of the Commissioner of Planning and Development, I transmit herewith ordinances authorizing the sale of city-owned property.
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 ofthe Constitution ofthe State of Illinois of 1970, and, as such, may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, pursuant to ordinances adopted by the City Council of the City (the "City Council") on February 27, 2002, and published in the Journal of the Proceedings of the City Council (the "Journal") of such date at pages 79794 through 80025: a certain redevelopment plan and project ("Original Plan") for the Chicago / Central Park Tax Increment Financing Redevelopment Project Area ("Area"), was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11-74.4-1 et seq.) (the "Act"); the Area was designated as a redevelopment project area pursuant to the Act; and tax increment financing was adopted pursuant to the Act as a means of financing certain Area redevelopment project costs (as defined in the Act) incurred pursuant to the Original Plan; and
WHEREAS, pursuant to ordinance adopted by the City Council on June 8, 2011, and published in the Journal of such date at pages 213 through 398, the City Council approved an amendment to the Original Plan; and
WHEREAS, the City is the owner of the vacant parcel of property located at 618 North Kedzie Avenue, Chicago, Illinois, which is legally described on Exhibit A attached hereto ("Property"), and which Property is located in the Area; and
WHEREAS, the City, acting through its Department of Planning and Development ("DPD"), h...
Click here for full text