OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
July 6,2011
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
At the request of the Commissioner of Housing and Economic Development. I transmit herewith ordinances authorizing the sale of City owned property.
Your favorable consideration of these ordinances will be appreciated.
Very truly yours,
Mayor
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 3534 West Ohio Street, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"), which Property is located in the Chicago/Central Park Tax Increment Financing Area ("Area") established pursuant to ordinances adopted by the City Council of the City on February 27, 2002, published in the Journal of Proceeding's of the City Council for such date at pages 79794 through 80025; and .
WHEREAS, Dorries Lee Hailey ("Grantee"), 3538 West Ohio Street, Chicago, Illinois 60624, has offered to purchase the Property from the City for the sum of One Thousand One Hundred Fifty and No/100 Dollars ($1,150.00), such amount being the appraised fair market value of the Property with an open space in perpetuity deed restriction, to improve with landscaped open space thereon; and
WHEREAS, WHEREAS, pursuant to Resolution No. 11-067-21 adopted on June 19, 2011, by the Plan Commission of the City of Chicago ("Commission"), the Commission approved the 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 May 27, 2011, and Ju...
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