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This record contains private information, which has been redacted from public viewing.
Record #: O2015-5857   
Type: Ordinance Status: Passed
Intro date: 7/29/2015 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 9/24/2015
Title: Sale of property at 230 N Kolmar Ave to United For Better Living, Inc. on behalf of Chicago Board of Education
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2015-5857.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
July 29,2015










TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request of the Commissioner of Fleet and Facility Management, I transmit herewith an ordinance authorizing the sale of property on behalf of the Board of Education.

Your favorable consideration of this ordinance will be appreciated.

Mayor

Very truly yours,
ORDINANCE

WHEREAS, the City of Chicago (the "City"), is a home rule unit of government under Article VII, Section 6(a) of the Constitution of the State of Illinois and, as such, may exercise any power and perform any function pertaining to its government and affairs; and

WHEREAS, the Board of Education of the City of Chicago (the "Board") is a body corporate and politic, organized under and existing pursuant to Article 34 of the School Code of the State of Illinois, 105 ILCS 5/1-1, et seq. (the "School Code"); and

WHEREAS, the Board is the owner of real estate located at 230 N. Kolmar Avenue Chicago, Illinois, which consists of a 76,971 square foot site improved with a 46,200 square foot, 55 year-old, closed school building in average condition, and which is comprised of two (2) parcels (such parcels, "Parcel A" and "Parcel B") and legally described on Exhibit A, attached hereto ("Property"); and

WHEREAS, title to Parcel A of the Property is currently held by the City, as Trustee, in Trust for the Use of Schools, and title to Parcel B of the Property is currently held by the Public Building Commission of Chicago for the Board; and

WHEREAS, the Board advertised the Property for sale from October 24, 2014 to November 24, 2014, pursuant to public notices that appeared in the Chicago Tribune on three (3) occasions and it received two (2) bids for the Property, which were opened in the Board's Department of Procurement and Contracts on November 24, 2014, the closing bid date; and

WHEREAS, the bid contains a requirement that all or a portion of ...

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