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 parcel of property located at 3201 West Warren Boulevard/16-18 North Kedzie Avenue, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"), which property is located in the Midwest Redevelopment Project Area ("Area") established pursuant ordinances adopted by the City Council of the City on March 17, 2000, published in the Journal of Proceedings of the City Council for such date at pages 30775 through 30953; and and
WHEREAS, Katherine Davis (the "Grantee"), of 1333 West Devon Avenue, Suite 123 Illinois 60660, has offered to purchase the Property from the City for the sum of Twelve Thousand and No/100 Dollars ($12,000.00), such amount being the appraised fair market value of the Property with a parking lot in perpetuity deed restriction, to improve with a parking lot thereon; and
WHEREAS, pursuant to Resolution No. 14-077-21 adopted on August 21, 2014, by the , Plan Commission of the City (the "Commission"), the Commission approved the negotiated sale of the Property to the Grantee; and
WHEREAS, public notice advertising the City's intent to enter into a negotiated sale of the Property with the Grantee and requesting alternative proposals appeared in the Chicago Sun-Times, a newspaper of general circulation, on November 28, 2014 and December 5, 2014; 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 the sale of the Property to the Grantee for the amount of Twelve Thousand and No/100 Dollars ($12,000.00).
SECTION 2. The Mayor or his proxy ...
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