Office of the City Clerk - Record #: O2015-7828

• Record #: O2015-7828
• Type: Ordinance
• Status: Passed
• Intro date: 10/28/2015
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 11/18/2015
• Title: Sale of City-owned property at 3214 W Carroll Ave to 3200 W. Carroll LLC
• Sponsors: Emanuel, Rahm
• Topic: PROPERTY - Sale

Date	Journal Page Number	Action By	Action	Result
11/18/2015	13680	City Council	Passed	Pass
11/9/2015		Committee on Housing and Real Estate	Recommended to Pass	Pass
10/28/2015	11244	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR
October 28, 2015










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,
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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 3214 W. Carroll Avenue, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"), which Property is located in the Chicago/Central Park Redevelopment Project Area ("Area") established pursuant to ordinances adopted by the City Council of the City on February 27, 2002, published in the Journal of Proceedings of the City Council for such date at pages 79794 through 80025; and

WHEREAS, 3200 W. Carroll, LLC ("Grantee"), P.O. Box 12278, Chicago, Illinois 60612, has offered to purchase the Property from the City for the sum of Eight Thousand and No/100 Dollars ($8,000.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; and
WHEREAS, pursuant to Resolution No. 15-095-21 adopted on October 15, 2015, by the Plan Commission of the City of Chicago (the "Commission"), the Commission approved the negotiated sale of the 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-Times, a newspaper of general circulation, on September 24, 2015 and October 1,...