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This record contains private information, which has been redacted from public viewing.
Record #: O2019-7780   
Type: Ordinance Status: Passed
Intro date: 9/18/2019 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 10/16/2019
Title: Negotiated sale of vacant City-owned property at 5403 S Marshfield Ave to Baudillo Lopez and Carolyn Lopez
Sponsors: Lightfoot, Lori E.
Topic: PROPERTY - Sale
Attachments: 1. O2019-7780.pdf


OFFICE OF THE MAYOR
CITY OF CHICAGO
J.ORI E. LIGHTFOOT
MAYOR

September 18,2019










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


Ladies and Gentlemen:

At the request ofthe 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.


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 one vacant parcel of property located at 5403 South Marshfield Avenue, Chicago, Illinois 60609, which is legally described on Exhibit A attached hereto (the "Property"); and

WHEREAS, Baudilio Lopez and Carolyn Lopez (the "Grantees"), who have a principal residence of 3412 South Calumet Avenue, Chicago, Illinois 60616, have offered to purchase the Property from the City for the sum of Five Thousand and 00/100 Dollars ($5,000.00), such amount being the appraised fair market value of the Property, to improve as an open space thereon; and

WHEREAS, public notice advertising the City's intent to enter into a negotiated sale ofthe Property with the Grantees and requesting alternative proposals appeared in the Chicago Sun-Times, a newspaper of general circulation, on May 17, and 24, 2019 ; and

WHEREAS, no alternative proposals were received by the deadline indicated in the aforesaid notice; now,

WHEREAS, pursuant to Resolution No. 19-034-21 adopted on June 20, 2019, by the Plan Commission ofthe City (the "Commission"), the Commission approved the negotiated sale ofthe Property to the Grantees; therefore,

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

SECTION 1. The City Council of the City hereby approves the sale of the Property to the Grantees for the am...

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