Office of the City Clerk - Record #: O2019-7778

• Record #: O2019-7778
• Type: Ordinance
• Status: Passed
• Intro date: 9/18/2019
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 10/16/2019
• Title: Negotiated sale of vacant City-owned property at 1258 S Karlov Ave to Ahmed El-Nazer
• Sponsors: Lightfoot, Lori E.
• Topic: PROPERTY - Sale

Date	Journal Page Number	Action By	Action	Result
10/16/2019	7220	City Council	Passed	Pass
10/7/2019		Committee on Housing and Real Estate	Recommended to Pass
9/18/2019	4482	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
f.ORI E. LIGHTFOOT
MAYOR

September ]8;2019










TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request ofthe 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 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 1258 South Karlov Avenue, Chicago, Illinois 60623, which is legally described on Exhibit A attached hereto (the "Property"); and

WHEREAS pursuant to ordinances adopted by the City Council of the City of Chicago ("City Council") on April 9, 2008, and published at pages 24221 through 24477 in the Journal of Proceedings ofthe City Council for such date, the City Council approved a certain redevelopment plan and project for the Ogden/Pulaski Redevelopment Project Area ("TIF Area"); and


WHEREAS, Ahmed El-Nazer (the "Grantee"), which has a business address of 422 West Riverside Drive, Unit 305, Austin, Texas 78704, has offered to purchase the Property from the City for the sum of Eight Thousand Five Hundred Dollars ($8,500.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; and

WHEREAS, pursuant to Resolution No. 19-035-21 adopted on June 20, 2019, by the Plan Commission ofthe City (the "Commission"), the Commission approved the negotiated sale ofthe Property to the Grantee; and

WHEREAS, public notice advertising the City's intent to enter into a negotiated sale ofthe Property with the Grantee and requesting alternative proposals appeared in the Chicago Sun Tim...