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 4947 and 4949 South Loomis Boulevard, Chicago, Illinois, which are legally described on Exhibit A attached hereto ("Properties"), and
WHEREAS, the City, acting through its Department of Planning and Development ("DPD"), has proposed to sell the Properties 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. 13-088-21 adopted on December 19, 2013, by the Plan Commission of the City of Chicago (the "Commission"), the Commission approved the sale of the Properties; and
WHEREAS, the Commissioner of DPD caused to be published notice advertising the City's intent to sell the Properties through a sealed bid auction and such advertisements appeared in the Chicago Sun-Times, a newspaper of general circulation, on January 15, 2014, January 22, 2014 and January 29, 2014; and
WHEREAS, the sealed bid received in response to aforesaid the public notice was opened in a public meeting before a certified court reporter and DPD received one conforming sealed bid from Juan Carlos Vazquez of 4939 South Loomis Boulevard in the amount of Five Thousand and No/Dollars ($5,000.00); and
WHEREAS, DPD has recommended that the sealed bid of Juan Carlos Vazquez, the sole and highest bidder, be accepted by the City Council; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. The City Council hereby accepts the bid of Juan Carlos Vazquez, 4939 South Loomis Boulevard, Chicago, Illinois 60639 ("Grantee"), and approves the sale of the Properties to the Grantee in the amount of Five Thousand and No/100 Dollars ($5,000.00).
SECTION 2. Th...
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