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This record contains private information, which has been redacted from public viewing.
Record #: O2017-4888   
Type: Ordinance Status: Passed
Intro date: 6/28/2017 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 7/26/2017
Title: Sale of City-owned property at 8947 S Commercial Ave to Antonio Macias
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2017-4888.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
June 28, 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.

Very truly yours,

t
Mayor
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 parcel of property located at 8947 South Commercial Avenue, Chicago, Illinois 60617, which is legally described on Exhibit A attached hereto (the "Property"), which Property is located in the Commercial Redevelopment Project Area ("Area"), as amended, established pursuant to ordinances adopted by City Council of the City on November 13, 2002, published in the Journal of Proceedings of the City Council for such date at pages 97254 through 97437.

WHEREAS, Antonio Macias (the "Grantee"), who has a principal residence of 14166 Grant Street, Crown Point, Indiana 46307, has offered to purchase the Property from the City for the sum of Seventeen Thousand Five Hundred and 00/100 Dollars ($17,500.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; and

WHEREAS, pursuant to Resolution No. 17-035-21 adopted on May 18, 2017, by the Plan Commission of the City (the "Commission"), the Commission approved the negotiated sale of the Property to the Grantee; and

WHEREAS, public notice advertising the City's intent to enter into a negotiated sale of the Property with the Grantee and requesting alternative proposals appeared in the Chicago Sun-Times, a newspaper of general circulation, on May 8, 2017, and May 15...

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