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Record #: O2013-2499   
Type: Ordinance Status: Passed
Intro date: 4/10/2013 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 5/8/2013
Title: Sale of City-owned property at 4107 S St. Lawrence Ave/601 E 41st St to Denise Wooley
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2013-2499.pdf

WHEREAS, the City of Chicago ("City"), acting through its Department of Housing and Development ("DHED"), is the owner of the vacant parcel of property located at 4107 S. St. Lawrence Ave./601 E. 41st St., and which is legally described on Exhibit A attached hereto (the "Property"), which Property is located in the 43fd/Cottage Grove Redevelopment Project Area ("Area") established pursuant to ordinances adopted by the City Council of the City (the "City Council") on July 8, 1998 published in the Journal of Proceedings of the City Council for such date at pages 72319 through 72429; and
WHEREAS, pursuant to Resolution No. 12-017-21 adopted on March 21, 2013, by the Plan Commission of the City (the "Commission"), the Commission approved the sale of the Property through a sealed bid auction; and
WHEREAS, pursuant to the provisions of Illinois Revised Statutes Article 11, Section 76, the Commissioner of DHED caused to be published notice advertising the City's intent to sell the Property through a sealed bid auction and such advertisements appeared in the Chicago Sun-Times, a newspaper of general circulation, on January 14, 2013, on January 21, 2013, and on January 28, 2013; and
WHEREAS, the bids received in response to the aforesaid public notice were opened in a public meeting before a certified court reporter; DHED received only one conforming sealed bid from Denise Wooley in the amount of Six Thousand Four Hundred Fifty and 00/00 Dollars ($6,450.00); and
WHEREAS, DHED has recommended that the sealed bid of Denise Wooley, the highest and only bidder, be accepted by the City Council; now, therefore,

SECTION 1. The City Council hereby accepts the bid of Denise Wooley, 607 East 41st Street, Chicago, Illinois, 60653, ("Grantee"), and approves the sale of the Property to the Grantee in the amount of Six Thousand Four Hundred Fifty and 00/000 Dollars ($6,450.00).
SECTION 2. The Mayor or his proxy is auth...

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