This record contains private information, which has been redacted from public viewing.
Record #: O2021-2866   
Type: Ordinance Status: Passed
Intro date: 6/25/2021 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 7/21/2021
Title: Negotiated sale of City-owned property at 1201-1205 W 63rd St to Inner-City Muslim Action Network with associated escrow remediation agreement
Sponsors: Lightfoot, Lori E.
Topic: PROPERTY - Sale
Attachments: 1. O2021-2866.pdf
or ire if: of the mayor
CITV Ol' CHICAGO
ioki i:;. i.icintoot


June 25, 2021










TO THE HON ORA B I. IT-IE CITY CO UN C11. OF THE CI TY 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

AN ORDINANCE OF THE CITY OF CHICAGO, ILLINOIS AUTHORIZING THE CONVEYANCE OF CITY LAND TO INNER CITY MUSLIM ACTION
NETWORK

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) 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 parcels of real property located at 1201-1205 West 63rd Street, Chicago, Illinois 60636, which are legally described on Exhibit A attached hereto (collectively, the "Property"); and

WHEREAS, Inner-City Muslim Action Network, an Illinois not-for-profit corporation, with a principal business address of 2744 W. 63rd Street, Chicago, Illinois 60629 (the "Grantee"), has offered to purchase the Property from the City for the sum of Fifty Thousand and No/100 Dollars ($50,000.00) (the "Purchase Price"), such amount being the appraised fair market value of the Property; and

WHEREAS, the Grantee has provided the City, at the Grantee's expense, a Phase I Environmental Site Assessment ("ESA") conducted in compliance with ASTM E1527-13, and such Phase I ESA identified Recognized Environmental Conditions ("RECs") on the Property; and

WHEREAS, the Grantee subsequently obtained, at its expense, a Phase II ESA to ascertain the presence of any environmental impacts on the Property that may be associated with the RECs; and

WHEREAS, the Phase II ESA identified environmental contamination on the Property above industrial/...

Click here for full text