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Record #: O2016-4031   
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: Third amendment to agreement with Claretian Associates, Inc. for sale and redevelopment of land at 9128 S Burley Ave, 9130 S Burley Ave and 9228 and 9230 S Brandon Ave
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2016-4031.pdf
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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 an ordinance authorizing an amendment to a previously passed land sale with Claretian Associates.

Your favorable consideration of this ordinance 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, pursuant to ordinance adopted by the City Council of the City (the "City Council") on January 10,2001, and published in the Journal of Proceedings of the City Council (the "Journal") for such date at pages 50400-50406, the City Council has previously approved the participation of and the conveyance of certain City-owned parcels to Claretian Associates, Inc., an Illinois not-for-profit corporation (the "Developer""), for the construction of homes under the City's New Homes for Chicago Program (the "New Homes Program"); and

WHEREAS, pursuant to such ordinance and the New Homes Program, the City and the Developer have entered into that certain "Redevelopment Agreement. New Homes For Chicago Program, Claretian Associates, Inc." ("Redevelopment Agreement"), dated as of July 9, 2002, and recorded in the Recorder's Office of Cook County, Illinois (the "Recorder's Office") on July 24, 2002, as document no. 0020808096, as amended by that certain "First Amendment to Redevelopment Agreement" ("First Amendment"), dated December 4, 2003, and recorded in the Recorder's Office on December 5, 2003, as document no. 0333931058 (the Redevelopment Agreement, as amended by the First Amendment, the "First Amended Redevelopment Agreement"); and

WHEREAS, pursuant to ordina...

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