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Record #: O2014-9516   
Type: Ordinance Status: Passed
Intro date: 11/19/2014 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 12/10/2014
Title: Sale of City-owned property at 3151 W Washington Blvd to Wells Fargo Bank, National Association
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2014-9516.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR

November 19, 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 ofthe Constitution ofthe 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 ofthe parcel of property located at 3151 W. Washington Street, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "City Property"), which City Property is located in the Midwest Redevelopment Project Area established pursuant to ordinances adopted by the City Council of the City (the "City Council") on May 17, 2000, and published in the Journal of Proceedings ofthe City Council (the "Journal") for such date at pages 30775 through 30953, and amended pursuant to ordinance adopted by the City Council on May 9, 2012, and published in the Journal for such date at pages 25884 through 26069; and

WHEREAS, a three-unit condominium building (the "Condominium Building") that was to have been developed solely on the parcel of property located at 3153 W. Washington Street, Chicago, Illinois, which is legally described on Exhibit B attached hereto (the "Developer Property"), was constructed on the Development Property and, without the City's consent, on the City Property (i.e., encroaches on the City Property), as shown in the plat of survey attached hereto as Exhibit C; and

WHEREAS, Wells Fargo Bank, National Association ("Grantee"), with a principal place of business at 1 Home Campus, Des Moines, Iowa, 50328, administers one of the units in the Condominium...

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