Office of the City Clerk - Record #: O2014-264

• Record #: O2014-264
• Type: Ordinance
• Status: Passed
• Intro date: 1/15/2014
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 2/5/2014
• Title: Sale of City-owned property at 2858 W Van Buren St and 2900 W Van Buren St to Future Growings LLC
• Sponsors: Emanuel, Rahm
• Topic: PROPERTY - Sale

Date	Journal Page Number	Action By	Action	Result
2/5/2014	74101	City Council	Passed	Pass
1/28/2014		Committee on Housing and Real Estate	Recommended to Pass	Pass
1/15/2014	72301	City Council	Referred

OFFICE OF THE MAYOR
CITV OF CHICAGO
RAHM EMANUEL
MAYOR


January 15, 2014










TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request ofthe 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 (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, the City has established the Community Development Commission ("CDC") to, among other things, designate redevelopment areas and recommend the sale of parcels located in redevelopment areas, subject to the approval of the City Council; and

WHEREAS, pursuant to an ordinance adopted by the City Council of the City (the "City Council") on May 17, 2000 and published at pages 30775 through 30925 in the Journal of the Proceedings of the City Council (the "Journal") of such date, a certain redevelopment plan and project (Redevelopment Plan") for the Midwest Tax Increment Financing Redevelopment Project Area ("Redevelopment Area"), was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11-74.4-1 et seg.) (the "Act"); and

WHEREAS, pursuant to an ordinance adopted by the City Council on May 17, 2000 and published at pages 30926 through 30939 in the Journal of such date, the Redevelopment Area was designated as a redevelopment project area pursuant to the Act; and

WHEREAS, pursuant to an ordinance adopted by the City Council on May 17, 2000 and published at pages 30940 through 30953 in the Journal of such date, tax increment financing was adopted pursuant to the Act as a means of financing certain Redevelopment Area redevelopment project costs (as def...