Office of the City Clerk - Record #: O2014-7448

• Record #: O2014-7448
• Type: Ordinance
• Status: Passed
• Intro date: 9/10/2014
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 10/8/2014
• Title: Sale of City-owned property at 3931 S Wells St to Eric T. Dantzler
• Sponsors: Emanuel, Rahm
• Topic: PROPERTY - Sale

Date	Journal Page Number	Action By	Action	Result
10/8/2014	92220	City Council	Passed	Pass
10/1/2014		Committee on Housing and Real Estate	Recommended to Pass	Pass
9/10/2014	86803	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
September 10,2014









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 3931 South Wells Street, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"); and
WHEREAS, Eric T. Dantzler (the "Grantee") of 3935 South Wells Street, Chicago, Illinois 60609, has offered to purchase the Property from the City for the sum of Six Thousand and No/100 Dollars ($6,000.00), such amount being the appraised fair market value ofthe Property, to improve with landscaped open space thereon; and
WHEREAS, pursuant to Resolution No. 14-068-21 adopted on July 17, 2014, by the Plan Commission of the City of Chicago (the "Commission"), the Commission approved the negotiated sale of 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 May 21, and May 28, 2014; and
WHEREAS, no alternative proposals were received by the deadline indicated in the aforesaid notice: now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. The City Council of the City hereby approves the sale of the Property to the Grantee for the amount of Six Thousand and No/100 Dollars ($6,000.00...