OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
January 25, 2017
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 ordinances authorizing the sale of city-owned property.
Your favorable consideration of these ordinances will be appreciated.
Very truly yours,
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 417-21 North Central Park Avenue, Chicago, Illinois 60624, which is legally described on Exhibit A attached Hereto (the "Property"), and is located in the Chicago/Central Park Redevelopment Project Area ("Area"), as amended, established pursuant to ordinances adopted by the City Council of the City (the "City Council") on February 27, 2002, and published in the Journal of Proceedings of the City Council for such date at pages 79794 through 80025; and
WHEREAS, Karen Ryan (the "Grantee"), with a home address of 422 North Central Park Avenue, Chicago, Illinois 60624, has offered to purchase the Property from the City for the sum of Eighteen Thousand and 00/100 Dollars ($18,000.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; and
WHEREAS, pursuant to Resolution No. 16-101-21 adopted on November 17, 2016, 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 Decemb...
Click here for full text