This record contains private information, which has been redacted from public viewing.
Record #: O2014-8865   
Type: Ordinance Status: Passed
Intro date: 11/5/2014 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 12/10/2014
Title: Sale of City-owned property at 4404-4414 S Greenwood Ave to Debbie Korompilas
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2014-8865.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR

November 5, 2014









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,
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 parcels of property located at 4404-14 South Greenwood Avenue, Chicago, Illinois, which are legally described on Exhibit A attached hereto ("Properties"); and
WHEREAS, the City, acting through its Department of Planning and Development ("DPD"), has proposed to sell the Properties through a sealed bid auction pursuant to Chapter 2-158 ofthe Municipal Code ofthe City of Chicago; and

WHEREAS, the Commissioner of DPD caused to be published notice advertising the City's intent to sell the Properties through a sealed bid auction and such advertisements appeared in the Chicago Sun-Times, a newspaper of general circulation, on August 1, August 8 and August 15, 2014; and

WHEREAS, the sealed bid received in response to the aforesaid public notice was opened in a public meeting before a certified court reporter and DPD received one conforming sealed bid from Debbie Korompilas, 2301 Wood Drive, Northbrook, Illinois 60062, in the amount of One Hundred Forty-Six Thousand Four Hundred One and No/100 Dollars ($146,401.00.00); and
WHEREAS, DPD has recommended that the sealed bid of Debbie Korompilas, the sole and highest bidder, be accepted by the City Council; and

WHEREAS, pursuant to Resolution No. 14-094-21 adopted on October 16, 2014, by the Plan Commission ofthe City of...

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