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Record #: O2013-5592   
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 6200-6216 S Kenwood Ave to Fadia N. Tadros
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2013-5592.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 parcel of property located at 6200-6216 South Kenwood Avenue, Chicago, Illinois, which is legally described on Exhibit A attached hereto ("Property"), and which Property is located in the Woodlawn Redevelopment Project Area ("Area") established pursuant to ordinances adopted by the City Council of the City ("City Council") on January 20, 1999, published in the Journal of Proceedings of the City Council ("Journal") for such date at pages 87763 through 87861; and

WHEREAS, the City, acting through its Department of Housing and Economic Development ("DHED"), has proposed to sell the Property through a sealed bid auction pursuant to Chapter 2-158 of the Municipal Code of the City of Chicago; and

WHEREAS, pursuant to Resolution No. 13-032-21 adopted on June 20, 2013, by the Plan Commission of the City (the "Commission"), the Commission approved the proposed sale of the Property; and

WHEREAS, 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 March 22 and 29, and April 5, 2013; and

WHEREAS, the appraised fair market value of the Property, at its highest and best use as of February 28, 2013, is $39,500; and

WHEREAS, the bids received in response to aforesaid the public notice were opened in a public meeting before a certified court reporter and DHED received the following conforming sealed bids: Greenline Development, Incorporated, in the amount of $31,600.00; David M. Fleishman, in the amount of $121,000.00; and Fadia N. Tadros, in the amount of $126,200.00; and

WHEREAS, DHED...

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