OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
March 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 vacant parcel of-property-located-at-2347-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 approved a certain redevelopment plan and project for the Kinzie Industrial Corridor Redevelopment Project Area ("TIF Area"); and
WHEREAS, Western Lake Building, LLC (the "Grantee"), with a business address of 425 Huehl Road, Building 3, Northbrook, Illinois 60062, has offered to purchase the Property from the City for the sum of Nineteen Thousand and 00/100 Dollars ($19,000.00), to improve with landscaped open space thereon; and
WHEREAS, pursuant to Resolution No. 18-015-21 adopted on March 15, 2018, 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 Sun Times, a newspaper of general circulati...
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