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Record #: O2016-552   
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 6022-6024 S Aberdeen St and 6026-6028 S Aberdeen St to Paris J. Ector
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2016-552.pdf

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 parcels of property located at 6022-24 South Aberdeen Street and 6026-28 South Aberdeen Street, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"); which Property is located in the Englewood Neighborhood Redevelopment Project Area ("Area") established pursuant to ordinances adopted by the City Council of the City on June 27, 2001, published in the Journal of Proceedings of the City Council for such date at pages 61850 through 62055; and

WHEREAS, Paris J. Ector'(the "Grantee"), with a principal address of 6034 "South Aberdeen Street, Chicago, Illinois 60621, has offered to purchase the Property from the City for the sum of Three Thousand Five Hundred and No/100 Dollars ($3,500.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; and

WHEREAS, pursuant to Resolution No. 15-108-21 adopted on November 19, 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 circulation, on December 2 and 9, 2015; and

WHEREAS, no alternative proposals were received by the deadline indicated in the aforesaid notice; now, therefore,


SECTION 1. The City Council of the City hereby approves the sale of the Property to the Grantee for the amount of Three Thousand Five Hundred and No/100 Dollars ($3,500.00).


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