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This record contains private information, which has been redacted from public viewing.
Record #: O2019-2878   
Type: Ordinance Status: Passed
Intro date: 4/10/2019 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 6/12/2019
Title: Negotiated sale of City-owned property at 6941 S Stony Island Ave to Illinois Power Development LLC for parking lot and asset expansion of its Let Us Make Men (LUMM) programs
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2019-2878.pdf
OFFICE OF THE MAYOR
CITY 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 ("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 has established the Community Development Commission ("CDC") to, among other things, designate redevelopment areas, approve redevelopment plans, and recommend the sale of parcels located in redevelopment areas, subject to the approval ofthe City Council of the City ("City Council"); and

WHEREAS, pursuant to an ordinance adopted by the City Council on October 7, 1998, and published at pages 78137 and 78139 through 78211 of the Journal of the Proceedings of the City Council ("Journal") of such date, a certain redevelopment plan and project (the "Plan") for the 71st and Stony Island Tax Increment Financing 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 October 7, 1998, and published at pages 78210 and 78212 through 78227 of the Journal of such date, the Redevelopment Area was designated as a "redevelopment project area" pursuant to the Act; and
WHEREAS, pursuant to an ordinance adopted by the City Council on October 7, 1998, and published at pages 78226 and 78228 through 78242 of the Journal of such date, tax increment allocation financing was adopted pursuant to the Act as a mea...

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