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 two vacant parcels of real property, consisting in the aggregate of approximately 6,000 square feet, located at 1743-1745 West 51st Street, Chicago, Illinois, which are legally described on Exhibit A attached to this ordinance (the "Property"), which Property is located in the 47,h/Ashland Redevelopment Project Area ("Area") established pursuant to ordinances adopted by the City Council of the City on March 27, 2002, and published in the Journal of Proceedings of the City Council for such date at pages 81473 through 81652; and
WHEREAS, G.R.G. Partnership, 3230 West 38th Street, Chicago Illinois ("Grantee"), has offered to purchase the Property from the City for the sum of Eighteen Thousand and No/100 Dollars ($18,000.00), such amount being the appraised fair market value of the Property, to improve with parking and landscaped open space thereon; and
WHEREAS, by Resolution No. 12-051-21, adopted by the Plan Commission of the City ("Commission") on August 16, 2012, 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 August 17, 2012, and August 24, 2012; 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 hereby approves the sale of the Property to the Grantee for the sum of Eighteen Thousand and No/100 Dollars ($18,000.00).
SECTION 2. The Mayor or his proxy is authori...
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