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Record #: SO2022-3577   
Type: Ordinance Status: Passed
Intro date: 10/26/2022 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 12/14/2022
Title: Acquisition of improved parcel or portions thereof at 518-522 E 47th St
Sponsors: Lightfoot, Lori E.
Topic: PROPERTY - Acquisition
Attachments: 1. SO2022-3577.pdf, 2. O2022-3577.pdf

5533 NORTH BROADWAY CHICAGO, IL 60640 PHONE: 773-784-5277 E-MAIL: HARRY@48THWARD.ORG WEBSITE: 48THWARD.ORG

CITY HALL-ROOM 300 121 N. LASALLE STREET
CHICAGO, IL 60602 PHONE: 312-744-6860 WARD48@CITYOFCHICAGO.ORG
HARRY OSTERMAN 48TH WARD
CHAIRMAN OF THE COMMITTEE ON HOUSING AND REAL ESTATE


December 14, 2022

TO THE PRESIDENT AND MEMBERS OF CITY COUNCIL:

Your Committee on Housing and Real Estate, for which a virtual meeting was held on December 5, 2022 was referred a Substitute Ordinance from the Department of Planning and Development for the City acquisition of improved or vacant parcels or portions of lots commonly known as 518-522 E 47th Street and 526 E 47th Street.

(02022-3577)

Having the same under advisement, begs leave to report and recommend that Your Honorable Body, Pass the proposed communication transmitted herewith.

The recommendation was Passed by the same roll call as was used to determine quorum in Committee.


Sincerely,



Harry Osterman Chairman, Committee on Housing and Real Estate
SUBSTITUTE 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, pursuant to an ordinance adopted by the City Council of the City ("City Council") on March 27, 2002, and published at pages 81231-81457 of the Journal of the Proceedings of the City Council ("Journal") of such date, a certain redevelopment plan and project (as amended, the "Plan") for the 47th/King Drive Redevelopment Project Area ("Area") was approved pursuant to the Illinois Tax Increment Allocation Redevelopment Act, as amended (65 ILCS 5/11-74.4-1 et seg.) (the "Act"); and
WHEREAS, pursuant to an ordinance adopted by the City Council on March 27, 2002, and published at pages 81458-81465 of the...

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