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This record contains private information, which has been redacted from public viewing.
Record #: O2016-3283   
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 5032 S Wells St to Van Henley
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2016-3283.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 5032 South Wells, Chicago, Illinois which is legally described on Exhibit A attached hereto (the "Property"), which Property is located in the 47lh/Halsted Redevelopment Project ("Area") established pursuant to our ordinances adopted by the City Council of the City on May 29, 2002, published in the Journal of Proceedings of the City Council for such date at pages 85676 through 85904; and

WHEREAS, Van Henley("Grantee"), 5030 S. Wells Street, Chicago, Illinois 60609, has offered to purchase the Property from the City for the sum of Eight Hundred and No/100 Dollars ($800.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; and

WHEREAS, pursuant to Resolution No. 16-010-21 adopted on March 17, 2016, by the Plan Commission of the City of Chicago (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 Sim-Times, a newspaper of general circulation, on February 2, 2016 and February 9, 2016; and

WHEREAS, no alternative proposals were received by the dea...

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