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This record contains private information, which has been redacted from public viewing.
Record #: O2016-4849   
Type: Ordinance Status: Passed
Intro date: 6/22/2016 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 7/20/2016
Title: Sale of City-owned property at 5704 W 57th St to Adan Martinez and Beatriz Martinez
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2016-4849.pdf
OFFICE OF THE MAVOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
June 22, 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 5704 West 57th Street, Chicago, Illinois, which is 'legally described on Exhibit A attached hereto (the "Property"), and

WHEREAS, Adan Martinez and Beatriz Martinez, (collectively, the "Grantee"), who have a principal home address of 5700 West 57th Street, Chicago, Illinois 60638, have offered to purchase the Property from the City for the sum of Three Thousand One Hundred and No/100 Dollars ($3,100.00), such amount being the appraised fair market value of the Property, with an open space in perpetuity restriction to improve with landscaped open space thereon; and

WHEREAS, pursuant to Resolution No. 16-017-21 adopted on March 17, 2016, 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 April 4 and 11, 2016; and

WHEREAS, no alternative proposals were received by the deadline indicated in the aforesaid notice; now, therefore,

BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:

SECTION 1. The City Council hereby ...

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