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Record #: O2013-3365   
Type: Ordinance Status: Passed
Intro date: 5/8/2013 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 6/5/2013
Title: Sale of City-owned property at 5624 S Michigan Ave to Coppin Memorial A.M.E. Church
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2013-3365.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR



May 8,2013










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.

Mayor

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, the City is the owner of the vacant parcel of property located at 5624 South Michigan Avenue, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"); and
WHEREAS, Coppin Memorial A.M.E. Church ("Grantee"), 5627-5633 S. Michigan Avenue, Chicago, Illinois 60637, has offered to purchase the Property from the City for the sum of Eleven Thousand Five Hundred and No/100 Dollars ($11,500.00), such amount being the appraised fair market value of the Property, to improve with parking lot thereon; and
WHEREAS, pursuant to Resolution No. 13-016-21 adopted on March 21, 2013, by the Plan Commission of the City of Chicago ("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 of general circulation, on March 22, 2013, and March 29, 2013; 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 of the City hereby approves the sale of the Property to the Grantee for the amount of Eleve...

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