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 ofthe 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-3746-3748 W. Chicago Avenue, Chicago, Illinois 60651, which is legally described on Exhibit A attached hereto (the "Property"), which Property is located in the Chicago/Central Park Redevelopment Project Area ("Area"), as amended, established pursuant to ordinances adopted by City Council of the City on February 27, 2002, published in the Journal of Proceedings of the City Council for such date at pages 79794 through 80025.
WHEREAS, by ordinance adopted by the City Council on June 27, 2012 and published in the Journal of Proceedings ofthe City Council for such date at pages 30051-30053, the City Council approved the sale of the Negotiated Parcel to 3746-3748 W. Chicago Ave. Inc., 3410 Henley Street, Chicago, Illinois (the "Prospective Purchaser"); and
WHEREAS, the Prospective Purchaser never finalized the purchase and has indicated that he is no longer interested in finalizing the purchase; and
WHEREAS, the Department of Planning and Development ("DPD") of the City now desires to convey the Negotiated Parcel to Chicago Ridgeway Properties LLC (the "Purchaser"), who has a principal business address of 4545 West Armitage Avenue, Chicago, Illinois, and
WHEREAS, Chicago Ridgeway Properties LLC (the "Grantee"), with a principal ...
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