OFFICE OF THE MAYOR
c 1 tv o r c i-i i c a c; o
LORI E. LIGHTFOOT
MAYOR
July 24. 2019
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.
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 5220-5242 West Kinzie Street and 5241 West Ferdinand Street, Chicago, Illinois 60644, which are legally described on Exhibit A attached hereto (the "Properties"); and
WHEREAS, pursuant to ordinances adopted by the City Council of the City ("City Council") on September 29, 1999, and published at pages 11501 through 11663 in the Journal of Proceedings of the City Council for such date, the City Council approved a certain redevelopment plan and project for the Madison/Austin Redevelopment Project Area ("TIF Area"); and
WHEREAS, the Properties are located in the TIF Area; and
WHEREAS, By the Hand Club for Kids (the "Grantee"), which has a business address of 415 North Laramie Avenue, Chicago, Illinois 60644, has offered to purchase the Properties from the City for the sum of One Hundred Sixty Thousand and 00/100 Dollars ($160,000.00), such amount being the appraised fair market value of the Properties, to improve with landscaped open space thereon; and
WHEREAS, pursuant to Resolution No. 19-023-21 adopted on April 18, 2019 and Resolution No. 19-036-21 adopted on June 20, 2019, by the Plan Commission of the City (the "Commission"), the Commission approved the negotiated sale of the Properties to the Grantee; and
WHER...
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