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Record #: O2013-4265   
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: Amendment of terms of prior land sale at 2800 S Ashland Ave
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Redevelopment
Attachments: 1. O2013-4265.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 ofthe Commissioner of Housing and Economic Development, I transmit herewith an ordinance amending the terms of a previously authorized land sale regarding property located at 2800 South Ashland Avenue.

Your favorable consideration of this ordinance 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, pursuant to an ordinance adopted by the City Council of the City of Chicago on March 6, 1996, the City, by and through its Department of Housing and Economic Development f/k/a the Department of Planning and Development ("Department") entered into a redevelopment agreement (the "RDA") with the Chicago Sun-Times, Inc. ("Sun-Times"), for the sale and redevelopment of a parcel of City land located at 2800 South Ashland Avenue, as such parcel is legally described on Exhibit A attached hereto and made a part hereof ("2800 S. Ashland"), for the Sun-Times' construction of a newspaper printing plant and state of the art newspaper printing press ("ST Project"); and

WHEREAS, the RDA was recorded with the Office of the Cook County Recorder of Deeds ("Recorder") on December 1, 1997 as Document No. 97895560; and

WHEREAS, the City transferred the 2800 S. Ashland parcel to the Sun-Times pursuant to a quitclaim deed ("Deed") dated December 23, 1997 and recorded with the Recorder's office on March 3, 1998 as Document No. 98164413; and

WHEREAS, the Sun-Times' use and redevelopment of the 2800 S. Ashland parcel was encumbered by that certain Use Covenant ("Use Covenant") dated April 22, 1997 and recorded with the Recorder's office on April...

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