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This record contains private information, which has been redacted from public viewing.
Record #: O2019-2817   
Type: Ordinance Status: Introduced
Intro date: 4/10/2019 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action:
Title: Sale of vacant City-owned library at 2724 W Cermak Rd to Latinos Progresando
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2019-2817.pdf
OFFICE OF THE MAYOR
CI TY OF CHICAGO
RAIIM 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 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 Developer desires to purchase from the City, for One Dollar ($1.00), the property commonly known as 2724 W Cermak Road, Chicago, Illinois, which is improved with an approximately 9,330 sq. ft., 2-story vacant former Chicago Public Library building (the "Building") and legally described on Exhibit A, attached hereto (the "Property"); and

WHEREAS, the appraised fair market value of the Property is Two Hundred Fifty Thousand Dollars ($250,000); and

WHEREAS, the Developer proposes to completely renovate the entire building, with the first floor to include a lobby, office space and administrative space for Latinos Progresando's immigration services, the second floor to include more office space for the Marshall Square Resource Network and community meeting space, and with the basement floor to include space for two tenants, Esperanza Health Center and Lincoln Park Zoo (the "Project"); and

WHEREAS, by Resolution No. 19-010-021, adopted by the Plan Commission ofthe City of Chicago (the "Plan Commission") on February 21, 2019, the Plan Commission recommended the sale of the Property; and

WHEREAS, public notices advertising the proposed sale appeared in the Sun-Times on February 6, 2019; now therefore,

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

SECTION 1. The foregoing r...

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