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This record contains private information, which has been redacted from public viewing.
Record #: O2016-3197   
Type: Ordinance Status: Passed
Intro date: 4/13/2016 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 5/18/2016
Title: Sale of City-owned property at 2944 W Fifth Ave to Aleksandra Hodowany
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2016-3197.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR


April 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 2944 West Fifth Avenue, Chicago, Illinois 60612, which is legally described on Exhibit A attached hereto ("Property"), which property is located in the Midwest Redevelopment Project Area ("Area") established pursuant ordinances adopted by the City Council of the City on May 17, 2000, published in the Journal of Proceedings of the City Council for such date at pages 30771 through 30953; and; and
WHEREAS, the "as is" market value of the Property as of October 28, 2015 was Two Thousand and No/100 Dollars ($2,000.00); 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 December 24, 2015, December 31, 2015 and January 7, 2016; 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 Aleksandra Hodowany...

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