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Record #: O2020-3994   
Type: Ordinance Status: Passed
Intro date: 7/22/2020 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 9/9/2020
Title: Sale of City-owned property at 1815-1911 N Laramie Ave to North Austin Community Center conditioned with Remediation and Redevelopment agreement for development as campus including athletic center and outdoor athletic fields
Sponsors: Lightfoot, Lori E.
Topic: AGREEMENTS - Redevelopment
Attachments: 1. O2020-3994.pdf


OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT
MAYOR

July 22, 2020










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.


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 ofthe vacant real property commonly known as 1815-1911 N. Laramie Avenue, Chicago, Illinois, and more particularly described on Exhibit A attached hereto (the "Property"); and

WHEREAS, North Austin Community Center, an Illinois not-for-profit corporation with a principal place of business of 415 North Laramie Avenue, Chicago, Illinois (the "Grantee") proposed to purchase the Property at the appraised fair market value of Two Million One Hundred Twenty-Two Thousand Nine Hundred Dollars ($2,122,900); and

WHEREAS, pursuant to Resolution No. 20-006-21 adopted on June 18, 2020, by the Plan Commission of the City (the "Commission"), the Commission recommended that the City through its Department of Planning and Development ("DPD") enter into a negotiated sale with the Grantee for the purchase of the Property; and

WHEREAS, as conditions of the sale, upon redevelopment of the Property the Grantee must remediate the Property, as required by the "Purchase Agreement" (as defined in Section 2 below), including obtaining and recording a final comprehensive residential "No Further Remediation" letter issued by the Illinois Environmental Protection Agency approving the use of the Property for the operation of a community athletic center and outdoor athletic fields, or a similar recreat...

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