Share to Facebook Share to Twitter Bookmark and Share
Record #: O2013-5959   
Type: Ordinance Status: Failed to Pass
Intro date: 7/24/2013 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 5/20/2015
Title: Conveyance of vacant City-owned property at various locations to NHS Redevelopment Corporation for Troubled Buildings Initiative and Micro Market Recovery Programs
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Transfer
Attachments: 1. O2013-5959.pdf
Related files: R2015-407
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR





July 24, 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 conveyance of vacant properties for the Troubled Buildings Initiative and Micro Market Recovery Programs.

Your favorable consideration of these ordinances will be appreciated.

Mayor

Very truly yours,

ORDINANCE

WHEREAS, the City of Chicago (the "City") is a home rule unit of government under Article VII, Section 6(a) of the Constitution of the State of Illinois, and as such may exercise any power and perform any function pertaining to its government and affairs; and

WHEREAS, pursuant to ordinances passed by the City Council of the City (the "City Council") on September 29, 2004 and printed at pages 32587 through 32591 of the Journal of Proceedings of the City Council of the City of Chicago (the "Journal") for such date, and June 11, 2008 and printed at pages 29116 through 29119 of the Journal for such date, it was determined to be in the best interests of the City to improve one- to four-unit residential buildings which (i) had been foreclosed upon, (ii) had been placed into receivership, or (iii) had deteriorated to the extent that they threatened public health, safety or welfare ("Troubled Buildings") through a program known as the Troubled Building Initiative Program II (the "Program"); and

WHEREAS, the scope of the Program includes placing Troubled Buildings into receivership, providing financing for the acquisition and rehabilitation of Troubled Buildings, and monitoring and providing technical assistance in connection with the rehabilitation of Troubled Buildings; and

WHEREAS, the Program has been and is administered by the City's Department of Housing and Economic Development ("HED"), as successor to the City's Department of Housing; and

WHEREAS, NHS Redevelopment Corpo...

Click here for full text