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This record contains private information, which has been redacted from public viewing.
Record #: O2018-1883   
Type: Ordinance Status: Passed
Intro date: 2/28/2018 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 3/28/2018
Title: Agreement with True to Life Foundation for sale and redevelopment of land at 8828 S Stony Island Ave
Sponsors: Emanuel, Rahm
Topic: AGREEMENTS - Redevelopment
Attachments: 1. O2018-1883 (V1).pdf, 2. O2018-1883.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
February 28, 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 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 parcel of property located at 8828 S. Stony Island Avenue, Chicago, Illinois, which parcel is improved with a former Chicago Public Library building and is legally described on Exhibit A attached hereto (the "Property"), and

WHEREAS, the appraised fair market value of the Property is Three hundred twenty five thousand dollars ($325,000); and

WHEREAS, True to Life Foundation, an Illinois not-for-profit corporation, located at 1712 East 87th Street, Chicago, IL 60617, ("Developer") desires to purchase the Property from the City for the sum of One Dollar ($1.00); and

WHEREAS, Developer currently leases the Property from the City and uses it as a community service center, providing programs such as summer full-day camp, teen mentoring, after school programs, senior workshops, and other community activities; and

WHEREAS, by Resolution adopted by the Plan Commission of the City of Chicago (the "Plan Commission") orY September 20, 2017, the Plan Commission recommended the sale of the Property; and

WHEREAS, public notices advertising the proposed sale and requesting alternative proposals appeared in the Chicago Sun-Times on September 30, October 9, and October 20, 2017; and

WHEREAS, no alternative proposals were received by the deadline set forth in the aforesaid p...

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