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Record #: O2013-5576   
Type: Ordinance Status: Passed
Intro date: 7/24/2013 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 9/11/2013
Title: Sale of City-owned property at 201-211 E 37th St/3701-3711 S Indiana Ave, 3800 S Prairie Ave/215-225 E 38th St, 3812 S Prairie Ave, 3756 S Indiana Ave and 201 E Pershing Rd to Apostolic Faith Church
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2013-5576.pdf
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 parcels of property located at 3800 South Prairie Avenue, 3701-3711 South Indiana Avenue, 3756 South Indiana Avenue, 3812 S. Prairie Avenue, and 201 East Pershing Road, Chicago, Illinois, which are legally described on Exhibit A attached hereto (the "Properties"), which Properties are located in the Bronzeville Redevelopment Project Area ("Area") established pursuant to ordinances adopted by the City Council of the City on November 4, 2006, and published in the Journal of Proceedings of the City Council for such date at pages 80642 through 80778; and

WHEREAS, Apostolic Faith Church, an Illinois not-for-profit corporation ("Grantee"), 3823 South Indiana Avenue, Chicago, Illinois 60653, has offered to purchase the Properties from the City for the sum of One Hundred Sixty-four Thousand Seven Hundred Fifty and No/100 Dollars ($164,750.00), such amount being the appraised fair market value of the Properties subject to a deed restriction limiting the use of the Property to parking in perpetuity, to improve the Properties with parking lots and open space; and

WHEREAS, pursuant to Resolution No. 12-044-21 adopted on July 19, 2012, by the Chicago Plan Commission (the "Commission"), the Commission approved the negotiated sale of the Properties to the Grantee; and

WHEREAS, public notice advertising the City's intent to enter into a negotiated sale of the Properties with the Grantee and requesting alternative proposals appeared in the Chicago Sun-Times, a newspaper of general circulation, on April 15 and April 22, 2013; and

WHEREAS, no alternative proposals were received by the deadline indicated in the aforesaid notice; now, therefore,

BE IT ORDAINED BY THE C...

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