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This record contains private information, which has been redacted from public viewing.
Record #: O2016-794   
Type: Ordinance Status: Passed
Intro date: 2/10/2016 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 4/13/2016
Title: Sale of City-owned property at 301-339 S Damen Ave to Rush University Medical Center
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2016-794.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
February 10, 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 approximately 314,519 square feet (7.22 acres) of vacant land located at 301-339 South Damen Avenue, having the Property Index Numbers (the "PINs") 17-18-224-035-0000, 17-18-225-036-0000 and 17-18-226-026-0000 (Partial), as legally described on Exhibit A attached hereto (the "Property"); and


WHEREAS, the Property is located in the Central West Redevelopment Project Area (the "Redevelopment Area"), as created by ordinance adopted by the City Council of the City of Chicago ("City Council") on February 16, 2000; and

WHEREAS, the City Council, pursuant to an ordinance adopted on February 10, 2016, approved the rezoning ofthe Property from B3-3 Community Shopping District to an Institutional Planned Development District (the "PD"); and '

WHEREAS, Rush University Medical Center, an Illinois 501(c)(3) not-for-profit corporation (the "Developer"), whose offices are located at 1653 W. Congress Parkway, 1107D Kellogg, Chicago, IL 60612, desires to purchase the Property from the City in order to redevelop the Property, in four (4) separate phases and in accordance with the PD, for a LEED designed and certified academic village which includes; (i) three (3) mixed use buildings for educational, office, community health, conference and meeting room purposes, and food oriented re...

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