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This record contains private information, which has been redacted from public viewing.
Record #: O2021-4731   
Type: Ordinance Status: Passed
Intro date: 10/14/2021 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 11/17/2021
Title: Sale of vacant City-owned property at 3346-3348 W Carroll Ave to Breakthrough Urban Ministries, Inc.
Sponsors: Lightfoot, Lori E.
Topic: PROPERTY - Sale
Attachments: 1. O2021-4731.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT
MAYOR

October 14, 2021










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 properties.

Your favorable consideration of these ordinances will be appreciated.

ORDINANCE

WHEREAS, The City of Chicago (the "City") is a home rule unit of government pursuant to Article VII, Section 6(a) of the 1970 State of Illinois Constitution, and may exercise any power related to its local governmental affairs; and

WHEREAS, Pursuant to ordinances adopted by the City Council of the City (the "City Council") on February 27, 2002, as amended on June 8, 2011, and published in the Journal of the Proceedings of the City Council for such dates: the City Council: (i) approved a certain redevelopment plan and project (the "Plan") for the Chicago/Central Park Tax Increment Financing area (the "Area"), pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11-74.4-1 et seq.) (the "TIF Act"), (ii) designated the Area as a redevelopment project area pursuant to the TIF Act; and (iii) adopted tax increment financing pursuant to the TIF Act as a means of financing certain Area project costs incurred pursuant to the Plans; and

WHEREAS, The City is the owner of the vacant parcels of real property located at 3346-3348 West Carroll Avenue, Chicago, Illinois 60624, which is legally described on Exhibit A attached hereto (the "Property"); and

WHEREAS, The Property is located in the Area; and

WHEREAS, Breakthrough Urban Ministries, Inc., an Illinois not-for-profit corporation, which has a principal business address of 402 North St. Louis Avenue, Chicago, IL 60624 (the "Grantee"), has offered to purchase the Property from the City for the sum of Fifty-Two Thousand and No/100 Dollars ($52,000.00) (the "Purchase Price"), such amount being equal t...

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