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This record contains private information, which has been redacted from public viewing.
Record #: O2016-7997   
Type: Ordinance Status: Passed
Intro date: 11/1/2016 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 12/14/2016
Title: Sale of City-owned property at 1345 N Rockwell St to Puerto Rican Cultural Center, The
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2016-7997.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR
November 1, 2016










TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request ofthe 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 (the "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 Puerto Rican Cultural Center, an Illinois not-for-profit corporation (the "Developer") desires to purchase from the City, for One Dollar ($1.00), the parcel of real property commonly known as 1345 North Rockwell Street, Chicago, Illinois, which is improved with the approximately 14,000 sq. ft., vacant former Chicago Public School child-parent center known as Von Humboldt Child Parent Center (the "Building") and legally described on Exhibit A, attached hereto (the "Property"); and

WHEREAS, the appraised fair market value of the Property is One Million Five Hundred Thirty Thousand Dollars ($1,530,000); and

WHEREAS, the Developer proposes to undertake and complete a cosmetic renovation of the Building, and to operate a day care center on the Property; and

WHEREAS, as a condition to the City's conveying the Property to the Developer, the Developer must obtain a Phase I Environmental Site Assessment for the Property in accordance with ASTM E-1527-13 ("Phase I ESA"), which must include a reliance letter naming the City as an authorized user; and

WHEREAS, if the Phase I ESA identifies any recognized environmental conditions in connection with the Property, then the Developer must obtain a Phase II Environmental Site Assessment ("Phase II ESA"), which must include a reliance letter naming th...

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