Record #: O2011-18   
Type: Ordinance Status: Passed
Intro date: 1/13/2011 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 2/9/2011
Title: Sale of City-owned property at 12761 S Wallace St to Holdings, LLC.
Sponsors: Daley, Richard M.
Topic: PROPERTY - Sale
Attachments: 1. O2011-18.pdf

RICHARD M. DALEY
MAYOR
OFFICE OF THE MAYOR
CITY OF CHICAGO
January 13,2011
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
At the request of the Commissioner of Housing and Economic Development, I transmit herewith ordinances authorizing the sale of city-owned property and amendments to previously authorized land sales.
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 Article VII, Section 6(a) 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 Council of the City ("City Council") by ordinance adopted May 20, 1992 and published in the Journal of the Proceedings of the City Council of the City of Chicago ("Journal") for such date at pages 16333 - 16335 (the "Program Ordinance"), established the Chicago Abandoned Properties Program ("CAP Program"), pursuant to which the City has acquired numerous abandoned properties either through statutory abandonment proceedings, or through the foreclosure of municipal liens, and conveyed such abandoned properties to developers for rehabilitation, and worked with such developers to successfully rehabilitate such abandoned properties; and
WHEREAS, the City Council, by ordinance adopted February 6, 2008 and published in the Journal for such date at pages.20654 - 20657, renamed the CAP Program as the "Preserving Communities Together Program" (the "PCT Program") and expanded the acquisition authority for such program; and
WHEREAS, there are a substantial number of abandoned, deteriorated and dangerous buildings in the City which threaten the health, safety, economic stability and general welfare of the citizens of the City, and which are the subject of certain housing court proceedings; and
WHEREAS, the City has created the PCT...

Click here for full text