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This record contains private information, which has been redacted from public viewing.
Record #: O2017-1036   
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 4932 S Forrestville Ave to Kenneth Pickens and Wendell H. Williams
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2017-1036.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 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 City is the owner of the vacant parcel of property located at 4932 South Forrestville Avenue, Chicago, Illinois 60615, which is legally described on Exhibit A attached hereto ("Property); and
WHEREAS, the City, acting through its Department of Planning and Development ("DPD"), has proposed to sell the Property through a sealed bid auction pursuant to Chapter 2-158 of the Municipal Code of the City of Chicago; and
WHEREAS, the Commissioner of DPD caused to be published a public notice advertising the City's intent to sell the Property through a sealed bid auction, and such advertisements appeared in the Chicago Sun-Times, a newspaper of general circulation, on November 25, 2016, December 2, 2016 and December 9, 2016; and

WHEREAS, the only sealed bid received in response to the aforesaid public notice was opened in a public meeting before a certified court reporter and the bid was from Kenneth Pickens and Wendell H. Williams, 4934 South Forrestville, Illinois 60615, in the amount of Fifty Five Thousand and One Hundred Dollars ($55,100.00);
WHEREAS, the "as is" market value of the Property as of November 8, 2016 was $55,000.00; and

WHEREAS, DPD has recommended that the sealed bid of Kenneth Pickens and Wendell H. Williams, the sole and highest bidders, be accepted by the City Council; an...

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