OFFICE OF THE MAYOR
CITY OF CHICAGO
RICHARD M. DALEY
MAYOR
January 13,2011
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 and amendments to previously authorized land sales.
Your favorable consideration of these ordinances will be appreciated.
Very truly yours,
ORDINANCE
WHEREAS, the City of Chicago ("City"), is the owner of the vacant parcel of property located at 547 East 79th Street, Chicago, Illinois, which is legally described on Exhibit A attached hereto ("Property"), which Property is located in the 87,h/Cottage Grove Tax Increment Financing Area ("Area") established pursuant to ordinances adopted by the City Council of the City on November 13, 2002, and published in the Journal of Proceedings of the City Council for such date at pages 97440 through 97576; and
WHEREAS, Fahed I. Sweilem ("Grantee"), 3621 Liberty Lane, Glenview, Illinois 60025, has offered to purchase the Property from the City for the sum of Twenty-three Thousand Four Hundred and No/100 Dollars ($23,400.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; 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 November 12, 2010, and November 19, 2010; and
WHEREAS, no alternative proposals were received by the deadline indicated in the aforesaid notice; and
WHEREAS, the 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; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1....
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