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This record contains private information, which has been redacted from public viewing.
Record #: O2018-8372   
Type: Ordinance Status: Passed
Intro date: 10/31/2018 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 12/12/2018
Title: Sale of City-owned property at 2809 W Fifth Ave and 12-14 S California Ave to Pasquale Esposito
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2018-8372.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM KMANUEL
MAYOR
October 31, 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 ofthe 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 parcels of property located at 2809 West Fifth Avenue and 12-14 South California Avenue, Chicago, Illinois 60612, which are legally described on Exhibit A attached hereto (the "Properties") which Properties are located in the Midwest Redevelopment Project Area ("Area"), as amended, established pursuant to ordinances adopted by City Council of the City on May 17, 2000, published in the Journal of Proceedings of the City Council for such date at pages 30775 through 30953; and
WHEREAS, by ordinance adopted by the City Council on January 11, 2007 and published in the Journal of Proceedings of the City Council for such date at pages 96628-96632, the City Council approved the sale of 2809 West Fifth Avenue, the Negotiated Parcel to Wallace Davis, Jr. , 2800 West Madison 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 Parcels to Pasquale Esposito (the "Purchaser"), with a home address of 7021 West Foss Road, Monee, Illinois, and

WHEREAS, Pasquale Esposito (the "Grantee"), with a home address of 7021 ...

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