OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
September 6, 2017
TO THE HONORABLE, THE CITY COUNCIL 1 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 parcels of property located at 2700 -2704 West Lexington Street, Chicago, Illinois 60612, which are legally described on Exhibit A attached hereto ("Properties"), which Properties are located in the Western/Ogden Redevelopment Project Area ("Area") established pursuant ordinances adopted by the City Council of the City ("City Council") on February 5, 1998, and published in the Journal of Proceedings of the City Council for such date at pages 61204 through 61411; and
WHEREAS, the "as is" market value of the Properties as of April 2, 2017, was Thirty-Four Thousand and No/100 Dollars ($34,000.00); and
WHEREAS, the City, acting through its Department of Planning and Development ("DPD"), has proposed to sell the Properties through a sealed bid auction pursuant to Chapter 2-158 of the Municipal Code of the City; and
WHEREAS, the Commissioner of DPD caused to be published a public notice advertising the City's intent to sell the Properties through a sealed bid auction, and such advertisements appeared in the Chicago Sun-Times, a newspaper of general circulation, on April 27, 2017, May 4, 2017 and May 11, 2017; 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, ...
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