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, through the foreclosure of demolition liens, tax sales and other methods of acquisition, has acquired title to numerous parcels of real property which are of minimal value and costly to clean up and maintain, and because title to such properties was vested in the City, the properties were exempted from real estate taxes, thus depriving the City of income; and
WHEREAS, by ordinances passed by the City Council on March 6,1981 and published on pages 5584-5585 of the Journal of Proceedings of the City Council ("J.O.P.") for such date, as amended on July 23,1982 (J.O.P. 11830-11833), as amended January 7,1983 (J.O.P, 14803-14805), as amended September 14, 1994 (J.O.P. 56195 - 56198), as amended September 4, 2002 (J.O.P:92771 - 92773) and as amended July 28; 2010 (J.O.P. 97370 - 97374) a program for the disposition of certain vacant real property owned by the City known as the Adjacent Neighbors Land Acquisition Program (the "ANLAP Program") was established; and
WHEREAS, pursuant to the current ANLAP program ordinance, Municipal Code Chapter 2-159-010 et seq. (the "ANLAP Program Ordinance"), a qualified City-owned parcel maybe sold if; it has an appraised value of not more than Fifty. Thousand Dollars ($50,000); further, if the property appraises at or for less than Ten Thousand Dollars ($10,000.00) the minimum acceptable bid must be at least One Thousand Dollars ($1,000.00); if the property appraises at or for less than Twenty Thousand Dollars ($20,000.00) but more than Ten Thousand Dollars ($10,000.00). the minimum acceptable bid must be at least Two Thousand Dollars ($2,000,00); if the property appraises for more than Twenty Thousand Dollars ($20,000.00) the minimum acceptable bid mus...
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