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This record contains private information, which has been redacted from public viewing.
Record #: O2017-1017   
Type: Ordinance Status: Passed
Intro date: 2/22/2017 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 3/29/2017
Title: Sale of City-owned property at 2342-2344 W Warren Blvd to Mariam 1 LLC
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2017-1017.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR

February 22, 2017










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 parcels of property located at 2342-44 West Warren Boulevard, Chicago, Illinois 60612, which are legally described on Exhibit A attached hereto (the "Properties"), and are located in the Central West Redevelopment Project Area ("Area"), established pursuant to ordinances adopted by the City Council of the City (the "City Council") on February 16, 2000, and published in the Journal of Proceedings ofthe City Council for such date at pages 25276 through 25432; and

WHEREAS, Mariam 1, LLC (the "Grantee"), with a principal business address of 45 North Western Avenue, Chicago, Illinois 60612, has offered to purchase the Properties from the City for the sum of One Hundred Forty-eight Thousand and 00/100 Dollars ($148,000.00), such amount being the appraised fair market value of the Properties, to improve with landscaped open space thereon; and
WHEREAS, pursuant to Resolution Nos. 17-005-21 and 17-006-21 adopted on February 16, 2017, by the Plan Commission ofthe 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-Times, a newspape...

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