OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
April 2,2014
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
At the request of the Commissioner of Planning and Development, I transmit herewith ordinances authorizing the sale of City-owned property.
Your favorable 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 128 East 111th Street, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"), which Property is located in the Roseland/Michigan Area TIF ("Area") established pursuant to ordinances adopted by the City Council of the City on January 16, 2002, published in the Journal of Proceedings of the City Council for such date at pages 76911 through 77094; and
WHEREAS, Alvin Bell Jr., ("Grantee"), 120 E. 111th Street, Chicago, Illinois 60629, has offered to purchase the Property from the City for the sum of Seven Thousand Five Hundred and No/100 Dollars ($7,500.00), such amount being the appraised fair market value of the Property, to improve with a parking lot thereon; and
WHEREAS, pursuant to Resolution No. 14-010-21 adopted on February 20, 2014, 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 February 21, 2014, and February 28, 2014; and
WHEREAS, no alternative proposals were receive...
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