SUBSTITUTE 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 6201-09, 6215-17, 6219 and 6223 South Ellis Avenue, Chicago, Illinois, which are legally described on Exhibit A attached hereto ("Properties"), and which Properties are located in the Woodlawn Redevelopment Project Area ("Area") established pursuant to ordinances adopted by the City Council ofthe City ("City Council") on January 20, 1999, published in the Journal of Proceedings ofthe City Council ("Journal") for such date at pages 87763 through 87861; 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 of the Municipal Code of the City of Chicago; and
WHEREAS, pursuant to Resolution No. 14-065-21 adopted on July 17, 2014, by the Plan Commission of the City of Chicago (the "Commission"), the Commission approved the sale of the Properties; 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 June 23, June 30 and July7, 2014; and
WHEREAS, the bid received in response to aforesaid the public notice was opened in a public meeting before a certified court reporter and DPD received only one conforming sealed bid from Debbie Korompilas, in the amount of $172,001.00; and
WHEREAS, DPD opened the sealed bid at a public meeting before a Certified Court Reporter and has recommended that the sealed bid of Debbie Korompilas, be accepted by the City Council; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL ...
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