OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR
July 20, 2016
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,
ORDINANCE
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 vacant parcels of property located at 5648 and 5650 South Racine Avenue Chicago, Illinois 60636, which are legally described on Exhibit A attached hereto (the "Properties"); and
WHEREAS, Stone Temple Church of God in Christ Assembled (the "Grantee"), with a principal address of 5700 South Racine Avenue, Chicago, Illinois 60636 has offered to purchase the Property from the City for the sum of Nine Thousand Four Hundred and 00/100 Dollars ($9,400.00), such amount being the appraised fair market value of the Properties, to improve with landscaped open space thereon; and
WHEREAS, pursuant to Resolution No. 16-027-21 adopted on April 21, 2016, by the Plan Commission of the City (the "Commission"), the Commission approved the negotiated sale of the Properties to the Grantee; and
WHEREAS, public notice advertising the City's intent to enter into a negotiated sale of the Properties with the Grantee and requesting alternative proposals appeared in the Chicago Sun-Times, a newspaper of general circulation, on June 8, 2016, and June 15, 2016; and
WHEREAS, no alternative proposals were received by the deadline indicated in the aforesaid notice; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. The City Council of the City hereby approves ...
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