RICHARD M. DALEY
MAYOR
OFFICE OF THE MAYOR
CITY OF CHICAGO
January 13, 2011
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 property and amendments to previously authorized land sales.
Your favorable consideration of these ordinances will be appreciated.
Very truly yours,
ORDINANCE
WHEREAS, the City of Chicago (the "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, by ordinance adopted by the City Council of the City (the "City Council") on December 15, 2004, and published in the Journal of the Proceedings of the City Council (the "Journal") for such date at pages 40119-40151 (the "2004 Ordinance", and, as amended by the 2006 Ordinance, as defined below, the "Amended Ordinance"), the City Council authorized the conveyance to Redevelopment Enterprises, Inc., an Illinois corporation (the "Developer"), of the real property commonly known as 3418,3420 and 3422 West Fulton Street, Chicago, Illinois, and legally described in Exhibit A attached hereto (subject to final title commitment and survey, the "Property"), subject to the parties' execution of an Agreement for the Sale and Redevelopment of Land substantially in the form attached to the 2004 Ordinance as Exhibit B (the "2004 RDA Form") and the Developer's payment to. the City of One Hundred Twenty Thousand and 00/100 Dollars ($120,000) (the "Purchase Price"); and
WHEREAS, the Developer was the owner of the real property commonly known as 4029, 4031, 4033 and 4035 West Carroll Avenue, Chicago, Illinois, and legally described in Exhibit B attached hereto (the "Acquisition Parcels"); and
WHEREAS, by ordinance adopted by the City Council on September 13, 2006, and ...
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