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This record contains private information, which has been redacted from public viewing.
Record #: O2015-2767   
Type: Ordinance Status: Passed
Intro date: 4/15/2015 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 5/6/2015
Title: Sale of City-owned property at 3752 S Wabash Ave to Scott W Kummer and Kylia R. Kummer
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2015-2767.pdf

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 of the vacant parcel of property located at 3752 S. Wabash Avenue, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"), which Property is located in the Bronzeville Redevelopment Project Area ("Area") established pursuant to ordinances adopted by the City Council ofthe City on November 4, 1998, published in the Journal of Proceedings of the City Council for such date at pages 80642 through 80778; and

WHEREAS, Scott W. Kummer and Kylia R. Kummer ("Grantee"), 3748 S. Wabash Avenue, Chicago, Illinois 60653, have offered to purchase the Property from the City for the sum of Twenty Five Thousand and No/100 Dollars ($25,000.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; and

WHEREAS, pursuant to Resolution No. 15-026-21 adopted on March 19, 2015, by the Plan Commission of the City of Chicago (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 ofthe Property with the Grantee and requesting alternative proposals appeared in the Chicago Sun-Times, a newspaper of general circulation, on February 20, 2015 and February 27, 2015; and

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

SECTION 1. The City Council ofthe City hereby approves the sale ofthe Property to the Grantee for the amount of Twenty Five Thousand and No/100 Dollars ($25,000.00).
SECTION 2. The Mayor or his proxy is authorized to execute, and the Cit...

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