OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
January 15, 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 VARIOUS PARCELS IN THE HUMBOLDT PARK AND WEST TOWN
COMMUNITY AREAS
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 seven vacant parcels of real property commonly known as 1122 N. Christiana Avenue, 1144 N. Christiana Avenue, 1222 N. Rockwell Street, 1226 N. Campbell Avenue, 1754-56 N. Drake Avenue (two (2) parcels; collectively, the "Drake Parcels"), and 3221 W. Crystal Street, Chicago, Illinois, and which are legally described on Exhibit A attached hereto (each such parcel, a "Parcel", and collectively, the "Property"); and
WHEREAS, the current appraised fair market value of the Property is Three Hundred Sixteen Thousand Dollars ($316,000), and the value for each individual Parcel is set forth in Exhibit A attached hereto; and
WHEREAS, pursuant to ordinances adopted by the City Council of the City (the "Citv Council") on June 27, 2001, and published in the Journal of the Proceedings of the City Council for such date, (i) a certain redevelopment plan and project (the "Division/Homan Redevelopment Plan") for the Division/Homan Tax Increment Financing Redevelopment Project Area (the "Division/Homan Redevelopment Area"), was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11-74.4-1 et seg.) (the "Act"); (ii) the Division/Ho...
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