Office of the City Clerk - Record #: O2021-785

• Record #: O2021-785
• Type: Ordinance
• Status: Passed
• Intro date: 2/24/2021
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 3/24/2021
• Title: Negotiated sale of vacant City-owned property at 1253 S Karlov Ave to Kinia D. Bell
• Sponsors: Lightfoot, Lori E.
• Topic: PROPERTY - Sale

Date	Journal Page Number	Action By	Action	Result
3/24/2021	28645	City Council	Passed	Pass
3/16/2021		Committee on Housing and Real Estate	Recommended to Pass
2/24/2021	27520	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI K. 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 ("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 City is the owner of the vacant parcel of property located at 1253 South Karlov Avenue, Chicago, Illinois 60623, which is legally described on Exhibit A attached hereto (the "Property"); and

WHEREAS, pursuant to ordinances adopted by the City Council of the City of Chicago ("City Council") on April 9, 2008, and published at pages 24221 through 24477 in the Journal of Proceedings of the City Council ("Journal") for such date, the City Council approved a certain redevelopment plan and project for the Ogden/Pulaski Redevelopment Project Area ("TIF Area"); and

WHEREAS, Kinia D. Bell (the "Grantee"), who has a principal residence of 1251 South Karlov Avenue, Chicago, Illinois 60623, has offered to purchase the Property from the City for the sum of Four Thousand and 00/100 Dollars ($4,000.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; and

WHEREAS, pursuant to Resolution No. 21-001-21 adopted on January 21, 2021, by the Plan Commission of the City (the "Commission"), the Commission approved the negotiated sale of the Property to the Grantee; and

WHEREAS, public notice advertising the City's intent to enter into a negotiated sale of the Property with the Grantee and requesting alternative proposals appeared in the Chi...