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This record contains private information, which has been redacted from public viewing.
Record #: O2015-747   
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: Negotiated sale and conveyance of City-owned property at northwest corner of W 63rd St and S Halsted St to Englewood Square, LP
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2015-747.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR
January 21,2015










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,
AN ORDINANCE OF THE CITY OF CHICAGO, ILLINOIS AUTHORIZING THE NEGOTIATED SALE AND CONVEYANCE OF CITY PROPERTY TO ENGLEWOOD SQUARE, LP AND DESIGNATING ENGLEWOOD SQUARE, LP AS DEVELOPER
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 has established the Community Development Commission ("CDC") to, among other things, designate redevelopment areas, approve redevelopment plans, and recommend the sale of parcels located in redevelopment areas, subject to the approval of the City Council; and
WHEREAS, the City Council of the City (the "City Council") adopted the following ordinances on November 29, 1989, as amended by ordinances adopted on December 17, 2008 and November 13, 2013, pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended, 65 ILCS 5/11-74.4-1 et seq. (the "TIF Act"): (1) an ordinance approving a redevelopment plan (the "Redevelopment Plan") for the Englewood Mall Redevelopment Project Area (the "Redevelopment Area"): (2) an ordinance designating the Redevelopment Area as a redevelopment project area; and (3) an ordinance adopting tax increment allocation financing for the Redevelopment Area; and
WHEREAS, the City is the owner of approximately 5.4 acres of vacant land located at the northwest corner of West 63rd Street and South Halsted Street, as legally described on Exhibit A attached hereto and depicted in solid ...

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