Office of the City Clerk - Record #: O2014-9997

• Record #: O2014-9997
• Type: Ordinance
• Status: Passed
• Intro date: 12/10/2014
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 1/21/2015
• Title: Sale of City-owned property at 5125 S Laflin St to Antonio Garcia
• Sponsors: Emanuel, Rahm
• Topic: PROPERTY - Sale

Date	Journal Page Number	Action By	Action	Result
2/25/2015		City Council	Signed by Mayor
1/21/2015	101806	City Council	Passed	Pass
1/14/2015		Committee on Housing and Real Estate	Recommended to Pass	Pass
12/10/2014	99032	City Council	Referred

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 5125 South Laflin Street, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"); and
WHEREAS, Antonio Garcia (the "Grantee") of 5127 South .Laflin Street, Chicago, Illinois 60609, has offered to purchase the Property from the City for the sum of Six Hundred Twenty-Five No/100 Dollars ($625.00), such amount being the appraise,d fair market value of the Property, to improve with landscaped open space thereon; and .» ,

WHEREAS, pursuant to Resolution No. 14-104-21 adopted on November 20, 2014, by the Plan Commission of the City (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 October 10 and October 17, 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 Hundred Twenty-Five No/100 Dollars ($625.00).

SECTION 2. The Mayor or his proxy is authorized to execute, and the City Clerk or Deputy City Clerk is authorized to attest, a quitclaim deed conveying the Property to the Grantee. The quitclaim deed shall also contain language substantiallyJn the following form:

This conveyance is subject to the express condition that: the Property is improved with landscaped open spa...