OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR
November 18,2015
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 ordinance authorizing an amendment of a previously passed negotiated sale at 1144 North Christiana and 1222 North Rockwell.
Your favorable consideration of this ordinance 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, pursuant to ordinance (the "Original Ordinance") adopted by the City Council of the City (the "City Council") on February 5, 2014, and published in the Journal of the Proceedings of the City Council for such date, at pages 74087 through 74093, the City Council authorized the City's sale to L&MC Investments LLC, an Illinois limited liability company (the "Developer"), of the seven vacant parcels of real property commonly known as 1122 N. Christiana Avenue, 1144 N. Christiana Avenue, 1222 N. Rockwell Street, 1226 N. Campbell Avenue, 1754-56 N. Drake Avenue (two (2) parcels), and 3221 W. Crystal Street, Chicago, Illinois (each such parcel, a "Parcel"), and legally described on Exhibit A of the Original Ordinance, which exhibit is attached hereto, for the consideration of One Dollar ($1.00) per Parcel for the development of affordable single-family housing; and
WHEREAS, the City has previously conveyed to the Developer the Parcels commonly known as 1226 N. Campbell Avenue, 1122 N. Christiana Avenue, 1754-56 N. Drake Avenue, and 3221 W. Crystal Street, Chicago, Illinois; and
WHEREAS, the Developer and the City's Department of Planning and Development have proposed (i) to amend Exhibit A of the Original Ordinance by deleting the Parc...
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