SUBSTITUTE 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 parcels of property located at 1148-52 West 63rd Street, Chicago, Illinois 60621, which are legally described on Exhibit A attached hereto (the "Properties"); and
WHEREAS pursuant to ordinances adopted by the City Council of the City of Chicago ("City Council") on June 27, 2001, and published at pages 61850 through 62055 in the Journal of Proceedings of the City Council ("Journal") for such date, the City Council approval a certain redevelopment plan and project for the Englewood Neighborhood Redevelopment Project Area ("TIF Area"); and
WHEREAS, pursuant to ordinances adopted by the City Council on May 12, 1999, and published at pages 1873 through 1911 in the Journal of the City Council for such date, the City Council approved a certain redevelopment plan for the 59th/63rd/Ashland Redevelopment Area ("Redevelopment Area"); and
WHEREAS, the Properties are located in the TIF Area and in the Redevelopment Area;
and
WHEREAS, AN Salem (the "Grantee"), with a home address of 9101 South Thomas Avenue, Bridgeview, Illinois 60455, has offered to purchase the Properties from the City for the sum of Sixteen Thousand and No/100 Dollars ($16,000.00), such amount being the appraised fair market value ofthe Properties, to improve with a parking lot thereon; and
WHEREAS, pursuant to Resolution No. 16-112-21 adopted on November 17, 2016, by the Plan Commission of the City (the "Commission"), the Commission approved the negotiated sale of the Properties to the Grantee; and .
WHEREAS, public notice advertising the City's intent to enter into a negotiated sale of the Properties with the Grantee and requesting alternative proposals appeared in the Chicago Sun-T...
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