Office of the City Clerk - Record #: O2016-6082

• Record #: O2016-6082
• Type: Ordinance
• Status: Passed
• Intro date: 7/20/2016
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 9/14/2016
• Title: Amendment of redevelopment agreement with Latino Chicago Theater Company (Panamerica Performance Works) related to construction of cultural center at 2612-2620 W Ogden Ave
• Sponsors: Emanuel, Rahm
• Topic: AGREEMENTS - Redevelopment

Date	Journal Page Number	Action By	Action	Result
9/22/2016		City Council	Signed by Mayor
9/14/2016	31358	City Council	Passed	Pass
9/9/2016		Committee on Housing and Real Estate	Recommended to Pass	Pass
7/20/2016	28032	City Council	Referred

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 ordinance authorizing an amendment to a previously passed land sale with Latino Chicago Theater.

Your favorable consideration of this ordinance will be appreciated.

Mayor

Very truly yours,
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 approved by the City Council of the City (the "City Council") on May 24, 2006, and published in the Journal of the Proceedings ofthe City Council for such date at pages 77029 through 77062 (the "2006 Ordinance"), the City entered into an Agreement for the Sale and Redevelopment of Land ("Redevelopment Agreement") with Latino Chicago Theater Company (n/k/a Panamerica Performance Works), an Illinois not-for-profit corporation ("Developer"), dated September 15,2006, and recorded with the Office of the Recorder of Deeds of Cook County (the "Recorder's Office") on January 31, 2008, as document number 0803133165; and

WHEREAS, the Redevelopment Agreement requires the Developer to construct an approximately 3,582 square foot, one-story, masonry brick cultural center, to include performing arts space for lease to accommodate multiple users that conduct public performances (the "Improvements"), on the property commonly known as 2612-2620 West Ogden Avenue, Chicago, Illinois, and legally described on Exhibit A attached hereto ("Parcel 1"); and

WHEREAS, the City conveyed Parcel 1 to the Developer by a quitclaim deed dated January 28, 2008, and recorded with the Recorder's Office on January 31, 2008, as document number 0803133066 ("Original ...