Office of the City Clerk - Record #: O2017-1343

• Record #: O2017-1343
• 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: Negotiated sale of City-owned property at 4041 S Indiana Ave, 4043 S Indiana Ave, 4201 S Calumet Ave and various additional addresses
• Sponsors: Emanuel, Rahm
• Topic: PROPERTY - Sale

Date	Journal Page Number	Action By	Action	Result
3/29/2017	44637	City Council	Passed	Pass
3/23/2017		Committee on Housing and Real Estate	Recommended to Pass	Pass
2/22/2017	42566	City Council	Referred

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 Cily 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 lo its government and affairs; and

WHEREAS, the City's Department of Planning and Development (the "Department"') has issued a Request for Qualifications ("RFQ_") for its Third Ward Parade of Homes Program (the "Program"), which is intended to stimulate the development of market-rate housing west of King Drive in the Grand Boulevard community; and

WHEREAS, the Department has determined that the following five (5) developers which responded to the RFQ are qualified to participate in the Program: (i) R & D Builders LLC, an Illinois limited liability company, located at 3935 South Wells Street, #1, Chicago. Illinois; (ii) Click Development, LLC, an Illinois limited liability company, located at 427 East 48th Street, #2, Chicago, Illinois; (iii) Urban Equities, Inc., an Illinois corporation, located at 1016 West Jackson Boulevard, Chicago, Illinois; (iv) Wade Enterprise & Associates, Inc., an Illinois corporation, located at 3205 South Rhodes Avenue, Chicago, Illinois; and (v) Greenline Development, Inc., an Illinois corporation, located at 6625 South Ingleside Avenue, Chicago, Illinois (each, a "Developer", and, collectively, "Developers"); and

WHEREAS, each Developer desires to purchase from the City those certain vacant parcels of real property identified in Exhibit A attached hereto (collectively, the "Property"), and to develop...