Office of the City Clerk - Record #: O2018-138

• Record #: O2018-138
• Type: Ordinance
• Status: Passed
• Intro date: 1/17/2018
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 2/28/2018
• Title: Sale of City-owned property at 2741 W Lake St to Onyx Santana
• Sponsors: Emanuel, Rahm
• Topic: PROPERTY - Sale

Date	Journal Page Number	Action By	Action	Result
2/28/2018	66738	City Council	Passed	Pass
2/22/2018		Committee on Housing and Real Estate	Recommended to Pass
1/17/2018	64122	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
January 17, 2018










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 properly.

Your favorable consideration of these ordinances will be appreciated.

Mayor


Very truly yours,


o
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 parcel of property located at 2741 West Lake Street, Chicago, Illinois 60612, which is legally described on Exhibit A attached hereto (the "Property"); and

WHEREAS pursuant to ordinances adopted by the City Council of the City of Chicago ("City Council") on June 10, 1998, and published at pages 70367 through 70520 in the Journal of Proceedings of the City Council ("Journal") for such date, the City Council approval a certain redevelopment plan and project for the Kinzie Industrial Corridor Redevelopment Project Area ("TIF Area"); and

WHEREAS, Onyx Santana (the "Grantee"), with a home address of 2743 West Lake Street, Chicago, Illinois 60612, has offered to purchase the Property from the City for the sum of Twelve Thousand 00/100 Dollars ($12,000.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; and

WHEREAS, pursuant to Resolution No. 17-083-21 adopted on December 21, 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 S...