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
V
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
r
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 ...
Click here for full text