ORDINANCE
WHEREAS, the City of Chicago (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; and
WHEREAS, pursuant to an ordinance adopted by the City Council of the City (the "City Council") on November 17, 1999 and published at pages 19866 through, 19926 in the Journal of the Proceedings of the City Council (the "Journal") of such date, a certain redevelopment plan and project ("Plan") for the Halsted/Vincennes Redevelopment Project Area ("Area"), was approved and the Area was designated as a redevelopment project area; and
WHEREAS, the City is the owner of the parcel of land commonly known as 650 West 83rd Street, Chicago, Illinois, which is located in the Area and legally described on Exhibit A attached hereto (the "Property"); and
WHEREAS, Green Era Educational NFP, an Illinois not-for-profit corporation (the "Developer"), has submitted a proposal to the Department of Planning and Development (the "Department") to purchase the Property, which has an appraised fair market value of One M illion Four Hundred Thousand and No/100 Dollars (1,400,000.00), for One and No/100 Dollars ($1.00); and
WHEREAS, the Developer intends to erect an anaerobic digester facility on the Property (the "Project"); and
WHEREAS, by Resolution No. 15-CDC-24 adopted on August 11, 2015, the Community Development Commission ("Commission") authorized the Department to advertise its intent to sell the Property to the Developer and request alternative proposals for the sale and redevelopment of the Property; and
WHEREAS, by Resolution No. 15-075-21, adopted by the Plan Commission of the City of Chicago (the "Plan Commission") on August 20,2015, the Plan Commission recommended the sale of the Property; and
WHEREAS, public notices advertising the proposed sale and requesting alternative proposals appeared in the C...
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