Office of the City Clerk - Record #: O2019-347

• Record #: O2019-347
• Type: Ordinance
• Status: Passed
• Intro date: 1/23/2019
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 3/13/2019
• Title: Sale of vacant City-owned property at 335, 339, 343, and 347 E Garfield Blvd to Lake Park Associates, Inc. for public green space and arts venue
• Sponsors: Emanuel, Rahm
• Topic: AGREEMENTS - Redevelopment, - PROPERTY - Sale

Date	Journal Page Number	Action By	Action	Result
3/13/2019	96365	City Council	Passed	Pass
3/5/2019		Committee on Housing and Real Estate	Recommended to Pass
1/23/2019	93814	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
January 23,2019










TO THE HONORABLE, THE CITY COUNCIL OP 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, pursuant to an ordinance adopted by the City Council on July 21, 2004, and published at pages 27705-27826 of the Journal of the Proceedings of the City Council ("Journal") of such date, a certain redevelopment plan and project (the "Plan") for the 47th/King Drive Redevelopment Project Area (the "Redevelopment Area") was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11-74.4-1 et seq.) (the "Act"); and

WHEREAS, pursuant to an ordinance adopted by the City Council on June 21, 2004, and published at pages 27827-27832 of the Journal of such date, the Redevelopment Area was designated as a Tax Increment Financing District pursuant to the Act; and

WHEREAS, pursuant to an ordinance adopted by the City Council on July 21, 2004, and published at pages 27833-27843 of the Journal of such date, tax increment allocation financing was adopted pursuant to the Act as a means of financing certain Redevelopment Area redevelopment project costs (as defined in the Act) incurred pursuant to the Plan; and

WHEREAS, the City is the owner of the vacant parcel of property located at 335-347 East Garfield Boulevard, Chicago, Illinois 60637, which is legally described on Exhibit A attached hereto (the "Property"), and is located in the Redevelopment Area; and

WHERE...