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This record contains private information, which has been redacted from public viewing.
Record #: O2015-6155   
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 City-owned property at 3832 S Emerald Ave to Bertco Development LLC
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2015-6155.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 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 3832 South Emerald Avenue, Chicago, Illinois, which is legally described on Exhibit A attached hereto ("Property"), and

WHEREAS, the City, acting through its Department of Planning and Development ("DPD"), has proposed to sell the Property through a sealed bid auction pursuant to Chapter 2-158 ofthe Municipal Code ofthe City; and

WHEREAS, the Commissioner of DPD caused to be published notice advertising the City's intent to sell the Property through a sealed bid auction and such advertisements appeared in the Chicago Sun-Times, a newspaper of general circulation, on May 11, 2015, May 18, 2015 and May 25, 2015; and

WHEREAS, the bid received in response to the aforesaid public notice was opened in a public meeting before a certified court reporter and DPD received one conforming sealed bid from Bertco Development, LLC in the amount of $112,000.00; and

WHEREAS, pursuant to Resolution No. 15-061-21 adopted on July 16, 2015, by the Plan Commission of the City (the "Commission"), the Commission approved the sale of the Property; and

WHEREAS, DPD has recommended that the sealed bid of Bertco Development, LLC be accepted by the City Council of the City ("City Council"); now, therefore,

BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY ...

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