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This record contains private information, which has been redacted from public viewing.
Record #: O2012-8042   
Type: Ordinance Status: Passed
Intro date: 11/15/2012 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 5/8/2013
Title: Sale of City-owned property at 214 W 43rd Pl to Peter E. Klingensmith
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale


OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR


November 15, 2012








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
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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
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WHEREAS, the City is the owner of the parcel of property located at 214 West 43rd Place, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"), which Property is located in the 47"7Halsted Redevelopment Project Area ("Area") established pursuant to ordinances adopted by the City Council of the City ("City Council") on May 29, 2002, published in the Journal of Proceedings of the City Council for such date at pages 85676 through 85904; and

WHEREAS, Peter E. Klingensmith ("Grantee"), 2107 West Exchange, Crete, Illinois, 60417, has offered to purchase the Property from the City for the sum of Six Hundred Twenty-five and No/100 Dollars ($625.00), such amount being the appraised fair market value ofthe Property as if unimproved, to improve with landscaped open space that part of the Property which is not currently improved with a garage; and

WHEREAS, pursuant to Resolution No. 12-064-21 adopted on October 18, 2012, by the Plan Commission of the City of Chicago (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 ...

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