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This record contains private information, which has been redacted from public viewing.
Record #: O2017-3870   
Type: Ordinance Status: Passed
Intro date: 5/24/2017 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 6/28/2017
Title: Amendment of land sale agreements with Chicago Southwest Development Corp. and associated reconveyance deed for property at 3100 S Kedzie Ave, 3200 S Kedzie Ave and 3244-3250 S Kedzie Ave
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Miscellaneous
Attachments: 1. O2017-3870.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL Mayor
May 24, 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 an ordinance authorizing amendments to previously passed land sale agreements regarding property located at 3100-3200 South Kedzie Avenue.

Your favorable consideration of this ordinance will be appreciated.

Very truly yours,

Mayor
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, by ordinance ("TIF Ordinance") adopted by the City Council of the City of Chicago ("City Council") on June 13, 2007, and published at pages 2532 to 2626 of the Journal of Proceedings ("Journal") a certain redevelopment plan ("TIF Plan") for the Little Village Industrial Corridor Redevelopment Project Area ("TIF Area") was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11-74.4-1, et seq.)(the "TIF Act"); and

WHEREAS, the City may, pursuant to the TIF Act and in conjunction with the goals and objectives of the TIF Plan, acquire by purchase or condemnation, property reasonably necessary to achieve the objectives ofthe TIF Plan; and

WHEREAS, pursuant to Chapter 2-45-040 of the Code, the Commissioner ("Commissioner") of the Department of Planning and Development of the City ("DPD"), has the power to develop and administer projects and programs involving zoning and land use of industrial and business TIF Act development and to acquire and dispose of property necessary or appropriate for the construction and operation of such project and programs falling within the TIF Area; and

WHEREAS, pursuant to an ordinance ("Washburne Acquisition Ordinance") adopted by the City Cou...

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