OFFICE OF THE MAYOR CITY OF CHICAGO
RAHM EMANUEL MAYOR
October 3, 2012
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.
Your favorable consideration of these ordinances will be appreciated.
Mayor
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 6,250 square foot parcel of real property located at 5929 South Peoria Street, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"), which Property is located in the Englewood Neighborhood Redevelopment Project Area ("Area") established pursuant to ordinances adopted by the City Council of the City ("City Council") on June 27, 2001, published in the Journal of Proceedings of the City Council for such date at pages 61850 and 61852 through 62055; and
WHEREAS, Rochelle F. Wade ("Grantee"), 5921 South Peoria Street, Chicago, Illinois 60621, has offered to purchase the Property from the City for the sum of Three Thousand Eight Hundred and No/100 Dollars ($3,800.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; and
WHEREAS, pursuant to Resolution No. 12-052-21 adopted on August 16,2012, by the Plan Commission of the City (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 of the Property with the Grantee and requesting alternative proposals appeared in the Chicago Sun-Times, a newspaper of general circulation, on August...
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