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This record contains private information, which has been redacted from public viewing.
Record #: O2016-548   
Type: Ordinance Status: Passed
Intro date: 1/13/2016 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 2/10/2016
Title: Sale of City-owned property at 3526 W Cermak Rd to Celestial Ministries
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2016-548.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
January 13, 2016










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 3526 West Cermak Road, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"); which Property is located in the Ogden/Pulaski Redevelopment Project Area ("Area") established pursuant to ordinances adopted by the City Council of the City on April 9, 2008, published in the Journal of Proceedings of the City Council for such date at pages 24221 through 24477; and

— WHEREAS, Celestial Ministries (the "Grantee"), with a principal address bf 1838 South -Springfield Chicago, Illinois 60623, has offered to purchase the Property from the City for the sum of One Thousand Five Hundred and No/100 Dollars ($1,500.00), 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. 15-007-21 adopted on January 15, 2015, by the Plan Commission of the City (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 ...

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