OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
December 9, 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 3540 West 63rd Street, 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 of the Municipal Code of the City of Chicago; and
WHEREAS, the Commissioner of DPD caused to be published a public 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 June 29, 2015, July 6, 2015 and July 13, 2015; and
WHEREAS, the only sealed bid received in response to the aforesaid public notice was opened in a public meeting before a certified court reporter, and the bid was from American Towers, LLC, 10 Presidential Way, Woburn, MA 01801 in the amount of Thirty Thousand and No/100 Dollars ($30,000.00.00); and
WHEREAS, the "as is" market value of the Property as of June 23, 2015 is $7,500.00;
and
WHEREAS, DPD has recommended that the sealed bid of American Towers, LLC, the sole and highest bidder, be accepted by the City Council; and
WHEREAS, pursuant to Resolution No. 15-085-21 adopted on September 17, 2015...
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