Office of the City Clerk - Record #: O2022-1698

• Record #: O2022-1698
• Type: Ordinance
• Status: Passed
• Intro date: 5/23/2022
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 6/22/2022
• Title: Sale of City-owned property at 1256 S Albany Ave to Natashee Scott for development as open space
• Sponsors: Lightfoot, Lori E.
• Topic: PROPERTY - Sale

Date	Journal Page Number	Action By	Action	Result
6/22/2022	49206	City Council	Passed	Pass
6/13/2022		Committee on Housing and Real Estate	Recommended to Pass
5/23/2022	47163	City Council	Referred

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

Mav 23, 2022










TO THF HONORABLE,'THE CITY COUMCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request ofthe Commissioner of Planning and Development, 1 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 ("Citv") 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 of the vacant parcel of property located at 1256 South Albany 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 (the "City Council") on May 17, 2000, and published at pages 30775 through 30953 in the Journal of Proceedings ofthe City Council for such date, the City Council approved a certain redevelopment plan and project for the Midwest Redevelopment Project Area (as previously or subsequently amended, the "Redevelopment Area"); and

WHEREAS, the Property is located in the Redevelopment Area; and

WHEREAS, Natashee Scott ("Grantee"), having a principal residence of 1250 South Albany Avenue, Chicago, Illinois 60623, has offered to purchase the Property from the City for the sum of Seven Thousand Dollars ($7,000.00 ) (the "Purchase Price"), such amount being the appraised fair market value of the Property, to improve with landscaped open space; and
WHEREAS, by Resolution No. 22-009-21, adopted on April 21, 2022, the Chicago Plan Commission approved the disposition ofthe Property to Grantee; and

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