INTERGOVERNMENTAL VACATION ORDINANCE
WHEREAS, the City of Chicago ("City") is a home rule unit of local government pursuant to Article VII, Section 6 (a) of the 1970 Constitution of the State of Illinois and, as such, may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, the properties at 3211, 3223 and 3227 E. 92nd Street and at 9216, 9220, 9224 and 9238 S. Burley Avenue are owned by the City; and
WHEREAS, the City's Community Development Commission, pursuant to Resolution Number 22-CDC-31, approved on July 12, 2022, recommended that the City Council designate SACRED Apartments Developer LLC ("Successor Developer") as the developer of an affordable housing complex on the aforementioned City-owned property and that the City's Department of Planning and Development ("DPD") be authorized to negotiate, execute and deliver on the City's behalf a redevelopment agreement with Successor Developer for such development, so long as no responsive alternative proposals are timely received by the City, or DPD in its sole discretion determines that Successor Developer's proposal is the best proposal; and
WHEREAS, the properties at 3215 - 3219 and 3229 E. 92nd Street and 9234 S. Burley Avenue are now owned by County of Cook, Illinois dba the Cook County Land Bank Authority, an Illinois municipal corporation (a/k/a "Cook County Land Bank Authority"), which approved a resolution on March 20, 2020 authorizing a land banking agreement relating to such property between the Cook County Land Bank Authority and Successor Developer; and
WHEREAS, the City and the Cook County Land Bank Authority propose to assemble their adjacent properties, including the portion of the alley to be vacated, and, pursuant to separate ordinance, convey them to Successor Developer for the development of an affordable housing complex; and
WHEREAS, the City Council of the City of Chicago, after due investigation and consideration, has determined that the nature and...
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