OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT
MAYOR
February 24. 2021
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 properties.
Your favorable consideration of these ordinances will be appreciated.
Very truly yours.
ORDINANCE
WHEREAS, the City of Chicago (the "City") is a home rule unit of government by virtue of the provisions of Article VII, Section 6(a) 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, pursuant to ordinances adopted by the City Council of the City (the "City Council") on December 2, 1998, and published at pages 86361 through 86395, in the Journal of the Proceedings of the City Council for such date: (i) a certain redevelopment plan and project (the "Plan") for the Northwest Industrial Corridor Tax Increment Financing Redevelopment Project Area (the "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"); (ii) the Area was designated as a redevelopment project area pursuant to the Act; and (iii) tax increment financing was adopted pursuant to the Act as a means of financing certain Area redevelopment project costs (as defined in the Act) incurred pursuant to the Plan; and
WHEREAS, the City is the owner of the vacant parcels of real property located at 5108 and 5062 West Lake Street, Chicago, Illinois 60644, which are legally described on Exhibit A attached hereto (collectively, the "Property"); and
WHEREAS, the Property is located in the Area; and
WHEREAS, VH Masonry Construction Co., which has a principal business address of 5124 W. Lake Street, Chicago, IL 60644 (the "Grantee"), has offered to purchase the Property from the City for the sum of Six...
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