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OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR
March 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,
AN ORDINANCE AUTHORIZING THE NEGOTIATED SALE OF 4515 S. GREENWOOD AVENUE
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 has established the Community Development Commission ("CDC") to, among other things, designate conservation areas, approve conservation plans, and recommend the sale of parcels located in conservation areas, subject to the approval of the City Council; and
WHEREAS, pursuant to an ordinance adopted by the City Council ("City Council") of the City on October 14, 1992, and published at pages 22258 through 22287 in the Journal of the Proceedings of the City Council of such date, the City approved the North Kenwood-Oakland Conservation Plan for the North Kenwood-Oakland Conservation Area ("Conservation Area"); and
WHEREAS, the City is the owner of the vacant parcel of land commonly known as 4515 South Greenwood Avenue, Chicago, Illinois, and legally described on Exhibit A attached hereto (the "Property"), which is located in the Conservation Area; and
WHEREAS, Wesley E. Moultrie, an individual (the "Developer"), has offered to purchase the Property for One Hundred Nine Thousand and 00/100 Dollars ($109,000.00), which amount is equal to the appraised fair market value of the Property; and
WHEREAS, the Developer intends to construct a three and one half (3.5) story, owner-occupied, multi-family residential building,...
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