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This record contains private information, which has been redacted from public viewing.
Record #: O2019-2762   
Type: Ordinance Status: Introduced
Intro date: 4/10/2019 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action:
Title: Acquisition of property at 3154 E 95th St for benefit of Department of Streets and Sanitation
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Acquisition
Attachments: 1. O2019-2762.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
April 10,2019










TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request of the Commissioner of Fleet and Facility Management, I transmit herewith an ordinance authorizing the execution of a purchase agreement regarding property located at 3154 East 95th Street.

Your favorable consideration of this ordinance 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 affairs; and

WHEREAS, since 2003, the City has leased ("Lease") from Brown Inc. of Michigan City Indiana ("Brown"), a corporation existing under the laws of the State of Indiana and registered to conduct business in Illinois as a foreign corporation, approximately 273,536 square feet of land located at 3154 East 95th Street, Chicago, Illinois ("Property"). The Department of Streets and Sanitation ("DSS") currently utilizes the Property for salt storage and distribution in connection with snow clearing operations. The Property is described on Exhibit A of the Purchase and Sale Agreement ("PSA") attached hereto; and

WHEREAS, the Property is owned by Brown and has been advertised for sale by Brown; and

WHEREAS, the City requires continued use of the property and the sale of the Property to another party could hamper snow clearing operations of DSS; and

WHEREAS, the City will recoup its investment after approximately 10 years when considering the rent the City pays for the site and the rental income the City will gain due to the Chicago Skyway's lease for a portion of the site; and

WHEREAS, the City, through the Department of Fleet and Facility Management, endeavors to acquire the Property for continued use by DSS; now, therefore,


BE IT ORDAINED BY THE CITY ...

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