Office of the City Clerk - Record #: O2018-5858

• Record #: O2018-5858
• Type: Ordinance
• Status: Passed
• Intro date: 6/27/2018
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 7/25/2018
• Title: Sale of City-owned property at 4317 S Calumet Ave and 4512 S Indiana Ave to Wade Enterprise & Associates, Inc. and property at 4412 S Calumet Ave to R&D Builders LLC under Third Ward Parade of Homes Program
• Sponsors: Emanuel, Rahm
• Topic: PROPERTY - Sale

Date	Journal Page Number	Action By	Action	Result
7/25/2018	82239	City Council	Passed	Pass
7/23/2018		Committee on Housing and Real Estate	Recommended to Pass
6/27/2018	79177	City Council	Referred

OFFICE OF THE MAYOR
CI TY OF CHICAGO
RAHM EMANUEL
MAYOR
lune 27, 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 (the "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's Department of Planning and Development (the "Department") has previously established the Third Ward Parade of Homes Program (the "Program"), which is intended to stimulate the development of market-rate housing west of King Drive in the Grand Boulevard community; and

WHEREAS, pursuant to an ordinance ("Original Ordinance") passed by the City Council of the City (the "City Council") on March 29,2017, and published in the Journal of the Proceedings of the City Council (the "Journal") for such date at pages 44637 through 44678, the City Council authorized the City's sale of that certain City-owned property ("Property") identified in Exhibit A of the Original Ordinance to the following developers, or to a land trust of which any such developer is the sole beneficiary, or to an entity of which any such developer is the sole owner and the controlling party, or to an entity with the same owners (including percentages of ownership interest) and controlling parties as any such developer: (i) R & D Builders LLC, an Illinois limited liability company, located at 3935 South Wells Street, #1, Chicago, Illinois; (ii) Click Development, LLC, an Illinois limited liability company, located at 427 East 48th Street, #2, Chicago, Illinois; (iii) Urban Equities, Inc., an Illinois corporation, located...