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This record contains private information, which has been redacted from public viewing.
Record #: O2015-744   
Type: Ordinance Status: Passed
Intro date: 1/21/2015 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 3/18/2015
Title: Repeal of prior sale and approval of new sale of City-owned property at 4854 S May St to Emilio Vizcarra
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2015-744.pdf

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 real property commonly known as 4854 South May Street, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"), which Property is located in the 47th/ Halsted Redevelopment Project Area ("Area") established pursuant to ordinances adopted by the City Council of the City ("City Council") on May 29, 2002, and published in the Journal of Proceedings of the City ("Journal") for such date at pages 85676 through 85904; and

WHEREAS, by ordinance adopted by the City Council on September 10, 2008 and published in the Journal for such date at pages 36559 through 36561 (the "Sales Ordinance"), the City Council approved the sale of the Property to Angelica Trejo, of 4856 South May Street, Chicago, Illinois 60609 (the "Prospective Purchaser"); and

WHEREAS, the Prospective Purchaser never finalized the purchase and has indicated that she no longer is interested in finalizing the purchase; and

WHEREAS, Emilio Vizcarra ("Grantee"), of 4852 South May Street, Chicago, Illinois 60609, has offered to purchase the Property for the sum of Four Thousand and No/100 Dollars ($4,000.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; 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 December 2 and December 9, 2014; and

WHEREAS, no alternative proposals were received by the deadline indicated in the aforesaid notice; and

WHEREAS, pursuant to Resolution No. 15-005-21 adopted on January...

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