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Record #: O2013-4214   
Type: Ordinance Status: Passed
Intro date: 6/5/2013 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 6/26/2013
Title: Sale of City-owned property at 535 N Albany Ave to Greater West Town Community Development Project for establishment of landscaped open space
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2013-4214.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR

June 5, 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 favor&ble 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 535 North Albany Avenue, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"), which Property is located in the Kinzie Industrial Conservation Area ("Area") established pursuant to ordinances adopted by the City Council of the City on June 10, 1998, published in the Journal of Proceedings of the City Council for such date at pages 70367 through 70520; and
WHEREAS, Greater West Town Community Development Project, a non-for-profit corporation ("Grantee"), 500 N, Sacramento Boulevard, Chicago, Illinois 60612, has offered to purchase the Property from the City for the sum of Ten Thousand and No/100 Dollars ($10,000.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; and
WHEREAS, pursuant to Resolution No. 13-027-21 adopted on May 16, 2013, 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 of general circulation, on May 17, 2013, and M...

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