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This record contains private information, which has been redacted from public viewing.
Record #: O2017-8438   
Type: Ordinance Status: Passed
Intro date: 11/21/2017 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 12/13/2017
Title: Sale of City-owned property at 1627 W 74th St to Rasoul Esfahani
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2017-8438.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR

November 21, 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 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 (the east portion of) 1627 West 74th Street, Chicago, Illinois 60636, which is legally described on Exhibit A attached hereto (the "Property"), and is located in the 79th Street Corridor Redevelopment Project Area (the "Area"), established pursuant to ordinances adopted by the City Council of the City ("City Council") on July 8, 1998, and published in the Journal of Proceedings of the City Council for such date at pages 72438 through 72509; and

WHEREAS, Rasoul Esfahani, an individual, with a home address of 844 South Loomis Street, Chicago, Illinois 60620 (the "Grantee"), has offered to purchase the Property from the City for the sum of Sixteen Thousand and 00/100 Dollars ($16,000.00), such amount being the appraised fair market value ofthe Property, to improve with a parking lot thereon; 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 September 21 and 28, 2017; and

WHEREAS, no alternative proposals were received by the deadline indicated in the aforesaid notice; and

WHEREAS, pursuant to Resolution No. 17-073-21 adopted on November 16, 2017, by...

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