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This record contains private information, which has been redacted from public viewing.
Record #: O2018-3243   
Type: Ordinance Status: Passed
Intro date: 4/18/2018 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 5/25/2018
Title: Sale of City-owned property at 1311 S Heath Ave to Rebeca Romo and Richard D. Manongdo
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2018-3243 (V1).pdf, 2. O2018-3243.pdf
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 one vacant parcel of property located at 1311 South
"Heath Avenue, Chicago, Illinois 60608, which is legally described on Exhibit A attached hereto (the "Property"), which Property is located in the Western /Ogden Redevelopment Project Area ("Area"), established pursuant to ordinances adopted by City Council of the City (the "City Council") on February 5, 1998, published in the Journal of Proceedings of the City Council for such date at pages 61204 through 61411.
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WHEREAS, Rebeca Romo and Richard Manongdo (the "Grantees"), who have a principal residence of 1314 South Heath Avenue, Chicago, Illinois 60608, have offered to purchase the Property from the City for the sum of Fifty Thousand and 00/100 Dollars ($50,000.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; and
WHEREAS, public notice advertising the City's intent to enter into a negotiated sale of the Property with the Grantees and requesting alternative proposals appeared in the Chicago Sun-Times, a newspaper of general circulation, on February 23, 2018 and March 2, 2018; and
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WHEREAS, no alternative proposals were received by the deadline indicated in the aforesaid notice; now,

WHEREAS, pursuant to Resolution No. 18-018-21 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 Grantees; therefore,

BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:

SECTION 1. The City Council of the City hereby approves the sale of the Property to the Grantees for the amount of Fifty Thousand and 00/100 Dollars ($50,000.00).

SECTION 2. The Mayor or...

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