This record contains private information, which has been redacted from public viewing.
Record #: O2016-4017   
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 12034 S Princeton Ave to Esther Emerson
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2016-4017.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 12034 South Princeton Avenue, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"), which Property is located in the 119th and Halsted Redevelopment Project Area ("Area"), as amended, established pursuant to ordinances adopted by City Council of the City on February 6, 2002, published in the Journal of Proceedings of the City Council for such date at pages 78512 through 78658; and

WHEREAS, Esther Emerson, (the "Grantee"), with a principal address of 12032 South Princeton Avenue, Chicago, Illinois 60628, has offered to purchase the Property from the City for the sum of Four Hundred and No/100 Dollars ($400.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; and

WHEREAS, pursuant to Resolution No. 15-110-21 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

WHE...

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