OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR
July 20, 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, pursuant to an ordinance adopted by the City Council of the City (the "City Council") on November 13, 2002, and published at pages 97254 through 97439, in the Journal ofthe Proceedings of the City Council of such date: (i) a certain redevelopment plan and project ("Plan") for the Commercial Avenue Tax Increment Financing Redevelopment Project Area ("Area"), was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11-74.4-1 et seq.) (the "Act"); (ii) the Area was designated as a redevelopment project area pursuant to the Act; and (iii) tax increment financing was adopted pursuant to the Act as a means of financing certain Area redevelopment project costs (as defined in the Act) incurred pursuant to the Plan; and
WHEREAS, the City is the owner of vacant parcels of land commonly known as 2810-14 and 2820 East 83rd Street, Chicago, Illinois, which are legally described on Exhibit A-l attached hereto (collectively the "City Parcels"); and
WHEREAS, Ujamaa Holdings Group, LLC, an Illinois limited liability company, whose offices are located at 7744 South Stony Island, Chicago, Illinois 60649 (the "Developer") owns the vacant parcels of land located adjacent to the City Parcels commonly known as 2806-08 East 83rd Street; Chicago, Illinois, which are legally...
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