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This record contains private information, which has been redacted from public viewing.
Record #: O2015-6200   
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 7801 S Emerald Ave to Michele Colbert
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2015-6200.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 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 7801 South Emerald Avenue, Chicago, Illinois 60620, which is legally described on Exhibit A attached hereto (the "Property"), which Property is located in the 79th/Vincennes Redevelopment Project Area ("Area"), as amended, established pursuant to ordinances adopted by the City Council of the City on September 27, 2007, published in the Journal of Proceedings of the City Council for such date at pages 8875 through 8984; and

WHEREAS, Michele Colbert (the "Grantee") of 1738 West 105th Street, Chicago, Illinois 60643, has offered to purchase the Property from the City for the sum of Nine Hundred Eighty-seven and 50/100 Dollars ($987.50), such amount being the appraised fair market value of the Property with an open space in perpetuity deed restriction, to improve with landscaped open space thereon; and

WHEREAS, pursuant to Resolution No. 15-041-21 adopted on April 16, 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 of the Property with the Grantee and requesting alternative proposals appeared in the Chicago Sun-Times, a newspaper of general circulat...

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