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OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI 17 LIGHTFOOT MAYOR
September 21. 2022
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 negotiated sale of City-owned properties.
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, pursuant to ordinances adopted by the City Council of the City (the "City Council") on September 13, 2006, and published at pages 83559 through 83667 in the Journal of the Proceedings of the City Council of such date, the City Council: (i) approved a certain redevelopment plan and project (the "Redevelopment Plan") for the 73rd/University Tax Increment Financing Redevelopment Project Area (the "Redevelopment Area"), pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended, 65 ILCS 5/11-74.4-1 et seq. (the "TIF Act"), (ii) designated the Redevelopment Area as a redevelopment project area pursuant to the TIF Act; and (iii) adopted tax increment allocation financing pursuant to the TIF Act as a means of financing certain Redevelopment Area redevelopment project costs (as defined in the TIF Act) incurred pursuant to the Redevelopment Plan; and
WHEREAS, the City is the owner of the property located at 7339 S. South Chicago Avenue, Chicago, Illinois, 60619, which is legally described on Exhibit A and depicted on Exhibit B attached hereto and incorporated herein (the "Property"), and which is located in the Redevelopment Area; and
WHEREAS, Comer Science and Education Foundation, an Illinois not-for-profit corporation ("Grantee"), submitted a pr...
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