OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR
September 14,2016
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 ofthe Constitution ofthe 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 2049 West 63rd Street, Chicago, Illinois, which is legally described on Exhibit A attached hereto (the "Property"), which Property is located in the 63rd & Ashland Redevelopment Project Area ("Area") established pursuant to ordinances adopted by the City Council of the City ("City Council") on March 29, 2006, published in the Journal of Proceedings of the City Council for such date at pages 72958 through 73124; and
WHEREAS, Nick Spinos and Paul Spinos, (the "Grantees"), with principal address of 10333 South 90th Avenue, Palos Hills, Illinois 60465, have offered to purchase the Property from the City for the sum of Five Thousand Five Hundred and No/100 Dollars ($5,500.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; and
WHEREAS, public notice advertising the City's intent to enter into a negotiated sale of the Property with the Grantees and requesting alternative proposals appeared in the Chicago Sun-Times, a newspaper of general circulation, on July 1, 2016 and July 8, 2016; and
WHEREAS, no alternative proposals were received by the deadline indicated in the aforesaid notice; and
WHEREAS, pursuant to Resolution No. 16-047-21 adopted on June 16, 2016, by t...
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