OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
May 6,2015
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,
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 3648 South Prairie Avenue (Rear), Chicago, Illinois 60653, which is legally described on Exhibit A attached hereto (the "Property"), which property is located in the Bronzeville Redevelopment Project Area ("Area") established pursuant ordinances adopted by the City Council of the City on November 4, 1998, published in the Journal of Proceedings of the City Council for such date at pages 80642 and 80644 through 80778; and
WHEREAS, Marc S. Powell and Kaitin McGrath Hannon Powell (the "Grantees"), of 3648 South Prairie Avenue, Chicago Illinois 60653, have offered to purchase the Property from the City for the sum of Eleven Thousand Seven Hundred and No/100 Dollars ($11,700.00), such amount being the appraised fair market value of the Property, to improve with a parking space thereon; and
WHEREAS, pursuant to Resolution No. 15-029-21 adopted on March 19, 2015, by the Plan Commission of the City of Chicago (the "Commission"), the Commission approved the negotiated sale ofthe Property to the Grantees; and
WHEREAS, public notice advertising the City's intent to enter into a negotiated sale of the Property with the Grantees and requesting alternative proposals appeared in the Chicago Sun-Times, a newspaper of general circulation, on March 2...
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