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This record contains private information, which has been redacted from public viewing.
Record #: SO2017-6680   
Type: Ordinance Status: Passed
Intro date: 9/6/2017 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 10/11/2017
Title: Acquisition of Kennedy-King College site for construction of 2FM vehicle maintenance facility and sale of property at 6800 S Wentworth Ave to 6705 S Wentworth LLC
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Redevelopment, - PROPERTY - Acquisition
Attachments: 1. O2017-6680.pdf, 2. SO2017-6680.pdf
SUBSTITUTE ORDINANCE
WHEREAS, the City of Chicago (the "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 Board of Trustees of Community College District No. 508, County of Cook and State of Illinois (the "Community College Board") is a body politic and corporate, created by the legislature pursuant to the Public Community College Act of the State of Illinois (110 ILCS 805/1 -1, et seq.)\ and

WHEREAS, the Community College Board owns the real property legally described on Exhibit A-1 attached hereto and depicted on Exhibit B attached hereto (the "Kennedy-King College Site"), which is the site of the former Kennedy-King College; and

WHEREAS, the Kennedy-King College Site is located in the 67th and Wentworth Tax Increment Financing Redevelopment Project Area, created pursuant to the Illinois Tax Increment Allocation Redevelopment Act, 65 ILCS 5/11-74.4-1, er seq., as amended (the "TIF Act"), and pursuant to an ordinance enacted by the City Council of the City (the "City Council"); and
WHEREAS, the Kennedy-King College Site is comprised of five (5) tax parcels located on the west side of Wentworth Avenue and two (2) tax parcels located on the east side of Wentworth Avenue; and

WHEREAS, the land on the west side of Wentworth Avenue (the "Future 2FM Facility Site") is comprised of approximately 12.2 acres of vacant land and is bounded by Marquette Road on the north, 69th Street on the south, Wentworth Avenue on the east, and the Northeast Illinois Regional Commuter Railroad Corporation (d/b/a Metra) train tracks on the west; and
WHEREAS,-the land on the east side of Wentworth Avenue (the "Future Wentworth Commercial Site") is comprised of approximately 5 acres of vacant land and is bounded by Marquette Road on the north, 69th Street on the south, Wentworth Avenue on the west, and ...

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