Office of the City Clerk - Record #: O2015-6176

• Record #: O2015-6176
• Type: Ordinance
• Status: Passed
• Intro date: 7/29/2015
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 9/24/2015
• Title: Sale of City-owned property at 5150 S Halsted St to Robert Irwin Siegel and Clare Hoeppner
• Sponsors: Emanuel, Rahm
• Topic: PROPERTY - Sale

Date	Journal Page Number	Action By	Action	Result
9/24/2015	6716	City Council	Passed	Pass
9/16/2015		Committee on Housing and Real Estate	Recommended to Pass	Pass
7/29/2015	2186	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
July 29, 2015










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.

Mayor

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 5150 S. Halsted Street, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"), which Property is located in the 47tl7Halsted Redevelopment Project Area ("Area") established pursuant to ordinances adopted by the City Council of the City on May 29, '2002, published in the Journal of Proceedings of the City Council for such date at pages 85676 through 85904; and

WHEREAS, Robert Irwin Sigel of 5152 S. Halsted Street, Chicago, Illinois 60609, and Clare Hoeppner of 1234 Maple Avenue, Wilmette, Illinois 60091 ("Grantee"), have offered to purchase the Property from the City for the sum of Two Thousand and No/100 Dollars ($2,000.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; and

WHEREAS, pursuant to Resolution No. 15-052-21 adopted on June 18, 2015, by the Plan Commission of the City of Chicago (the "Commission"), the Commission approved the negotiated sale of the Property fo 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 14, 2015...