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This record contains private information, which has been redacted from public viewing.
Record #: O2016-4002   
Type: Ordinance Status: Passed
Intro date: 5/18/2016 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 6/22/2016
Title: Sale of City-owned property at 7356 S Morgan St to NBT Partners LLC
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2016-4002.pdf


OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
May 18, 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 7356 S. Morgan Street, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"): 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 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 January 25, February 1 and February 8, 2016; and

WHEREAS, the sealed bid received in response to the aforesaid public notice was opened in a public meeting before a certified court reporter, and DPD received one conforming sealed bid from NBT Partners, LLC, 3201 Edwards Mill Road, Suite 141 PMB #128, Raleigh, NC 27612, in the amount of Five Thousand and No/100 Dollars ($5,000.00); and
WHEREAS, DPD has recommended that the sealed bid of NBT Partners, LLC, a North Carolina Corporation, the sole and highest bidder, be accepted by the City Council; and

WHEREAS, pursuant of Resolution no. 16-026-21 adopted on April 21, 2016, by the Plan Commission of the Cit...

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