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Record #: SO2014-7538   
Type: Ordinance Status: Passed
Intro date: 9/10/2014 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 10/8/2014
Title: Sale of City-owned property at 4536 S Prairie Ave to Brent and Wendy Watson
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2014-7538.pdf, 2. SO2014-7538.pdf
 
 
 
 
SUBSTITUTE 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, the City is the owner of the vacant parcel of property located at 4536 South Prairie Avenue, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"), which property is located in the 47th King Drive Redevelopment Project Area ("Area") established pursuant ordinances adopted by the City Council of the City on March 27, 2002, published in the Journal of Proceedings ofthe City Council for such date at pages 81232 through 81474; and
 
WHEREAS, Brent and Wendy Watson ("Grantees"), 4540 South Prairie Avenue, Chicago, Illinois 60653, have offered to purchase the Property with an appraised market value of $50,000.00 from the City for the sum of Seven Thousand and No/100 Dollars ($7,000.00), to be used in conjunction with their adjacent property; and
 
WHEREAS, pursuant to Resolution No. 14-070-21 adopted on July 17, 2014, by the Plan Commission of the City of Chicago (the "Commission"), the Commission approved the negotiated sale of the Property to the Grantees; and
 
WHEREAS, public notice advertising the City's intent to enter into a negotiated sale of the Property with the Grantees and requesting alternative proposals appeared in the Chicago Sun-Times, a newspaper of general circulation, on July 9, and 16, 2014; and
 
WHEREAS, no alternative proposals were received by the deadline indicated in the aforesaid notice; now, therefore,
 
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
 
SECTION 1. The City Council of the City hereby approves the sale of the Property to the Grantees for the amount of Seven Thousand and No/100 Dollars ($7,000.00).
SECTION 2. The Mayor or his proxy is authorized to execute, and the City Clerk or Deputy City Clerk is authorized to attest, a quitclaim deed conveying the Property to the Grantees. The quitclaim deed shall also contain language substantially in the following form:
 
This conveyance is subject to the express conditions that any deed conveying this parcel pursuant thereto shall contain covenants which: (1) prohibit the grantees from conveying, assigning or otherwise transferring the parcel except in conjunction with the adjacent parcel owned by the grantees; and (2) require that the parcel be improved with landscaped open space within six (6) months of the conveyance of such parcel and prohibit the construction of any permanent improvements on the parcel, excluding only improvements made by the grantees on the parcel that constitute an integrated addition to the grantees' primary residence on the adjacent lot, or a garage appurtenant thereto; and (3) require the grantees to maintain the parcel in accordance with provisions of the Municipal Code of Chicago. The covenants shall terminate ten (10) years after the date of the conveyance of the parcel to the grantees. In the event that the conditions are not met, the City of Chicago may re-enter the Property and revest title in the City of Chicago. Grantees, at the request of the City of Chicago, covenant to execute
 
 
 
1
 
 
and deliver to the City a reconveyance deed to the Property to further evidence such revesting of title. This right of reverter and re-entry shall terminate upon the issuance of a certificate of completion, release or similar instrument by the City of Chicago.
 
SECTION 3. If any provision of this ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such provision shall not affect any ofthe other provisions of this ordinance.
SECTION 4. All ordinances, resolutions, motions or orders inconsistent with this ordinance are hereby repealed to the extent of such conflict.
 
SECTION 5. This ordinance shall take effect upon its passage and approval.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2
 
 
EXHIBIT A
 
Purchasers: Purchasers' Address: Purchase Amount: Appraised Value:
Brent and Wendy Watson
4540 South Prairie Avenue, Chicago Illinois 60653
$7,000.00
$50,000.00
 
 
 
Legal Description (Subject to Title Commitment and Survey):
 
Lot 17 in Hurlbut's Subdivision of Lots 6 and 7 in Cleaver and Taylor's Subdivision ofthe North 1/2 of the South 1/2 of the East 1/2 of the Southwest V* and the North 1/2 of the South 72 of the West 1/4 of the Southeast % of Section 3, Township 38 North, Range 14, East of the Third Principal Meridian, in Cook County, Illinois.
 
 
Address:      4536 South Prairie Avenue
Chicago, Illinois 60653
 
20-03-315-031-0000
 
Property Index Number:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3
 
 
City Council - City of Chicago City Hall. Room 200 121 North LaSalle Street
Chicago, Illinois 60602 Telephone: (312) 744-6102 Fax: (312) 744-0770 rsuarez@cityofchicago.org
 
Committee Memberships:
Housing and Real Estate (Chairman)
Committees, Rules and Ethics (Vice-Chairman)
RAY SUAREZ
Alderman, 31 st Ward
4502 West Fullerton Avenue Chicago, Illinois 60639 Telephone: (773)276-9100 Fax:(773)276-2596
Vice Mayor - City of Chicago
Aviation
Budget and Government Operations Finance
Transportation and Public Way Workforce Development and Audit
Zoning, Landmarks and Building Standards October 8,2014 CHICAGO, ILLINOIS
 
 
 
TQ THE PRESIDENT AND MEMBERS OF THE CITY COUNCIL:
20 WARD 28™ WARD 37™ WARD 24™ WARD 14™ WARD 10™ WARD 3rd WARD 4™ WARD 24™ WARD 27™ WARD 3rd WARD 27™ WARD 20™ WARD 20™ WARD 16™ WARD 37™ WARD
 
Your Committee on Housing and Real Estate which was referred eighteen (11) ordinances & five (5) substitute ordinances by the Department of Planning & Development authorizing the sale of at:
  1. 5432 S. Carpenter St. (02014-7738)
  2. 1139 S. Albany Ave. (02014-7400)
  3. 4844 W. Superior St. (02014-7606)
  4. 4131 W. Arthington St. (02014-7485)
  5. SUBSTITUTE - 4911-4913 S. Cicero Ave. (02014-5013)
  6. SUBSTITUE - 8540 S. Mackinaw Ave. (O2014-7814)
  7. SUBSTITUTE - 4536 S. Prairie Ave. (02014-7538)
  8. 4538 S. Oakenwald Ave. (02014-7558)
  9. 2135 S. Pulaski Rd. (02014-7412)
  10. SUBSTITUTE - 2745 & 2749-55 W. Madison St. (O2014-7427)
  11. 3931 S. Wells St. (02014-7448)
  12. 716-718 N. Monticello Ave. (02014-7368)
  13. SUBSTITUTE - 6201-09,15-17,19 & 23 S. Ellis Ave. (02014-7775)
  14. 6200 S. Ellis Ave. (02014-7757)
  15. 6400 S. Peoria Ave. (02014-7804)
  16. 5341 W. Ohio St. (02014-7641)
 
Having the same under advisement, begs leave to report and recommend that Your Honorable Body Pass the proposed ordinances and substitute ordinances transmitted herewith.
 
This recommendation was concurred in by a unanimous vote of the members ofthe committee present with no dissenting votes.
(signed)        _£Rfl,tf AjOau,      
Ray Siiurez. Chaiwrran
Committee on Housing & Real Estate