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Record #: O2011-3770   
Type: Ordinance Status: Passed
Intro date: 5/4/2011 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 6/8/2011
Title: Sale of City-owned properties at 7301-7319 and 7369 S South Chicago Ave and 1031-1035 E. 73rd St to Comer Science and Education Foundation
Sponsors: Daley, Richard M.
Topic: PROPERTY - Sale
Attachments: 1. O2011-3770.pdf
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RICHARD M. DALEY
MAYOR
OFFICE OF THE MAYOR
CITY OF CHICAGO
May 4,2011
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
At the request ofthe Commissioner of Housing and Economic Development, 1 transmit herewith ordinances authorizing the sale of city-owned property.
Your favorable consideration of these ordinances will be appreciated.

ORDINANCE
WHEREAS, the City of Chicago ("City") is a home rule unit of government by virtue of the provisions 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 is the owner of the vacant parcels of properties located at 7301 -7319 S. South Chicago Ave., 7369 S. South Chicago Ave., and 1031-35 E. 73rd St., Chicago, Illinois, which are legally described on Exhibit A attached to this ordinance (collectively, the "Properties"), which Properties are located in the 73rd & University Tax Increment Financing Area ("Area") established pursuant to ordinances adopted by the City Council of the City on September 13, 2006, and published in the Journal of Proceedings of the City Council for such date at pages 83559 through 83667;and
WHEREAS, the Comer Science and Education Foundation, a not-for-profit corporation ("Grantee"), having an address of 20875 Crossroads Circle, Suite 100, Waukesha, Wl 53186, has offered to purchase the Properties from the City for the sum of One Hundred Fifty Six Thousand Five Hundred and No/100 Dollars ($ 156,500.00), such amount being the appraised fair market value of these Properties; and
WHEREAS, the Grantee's south campus includes the Gary Comer Youth Center, Gary Comer College Prep neighborhood charter high school, and an associated youth educational garden and the Grantee desires to improve and use the Properties as additional landscaped open space appurtenant thereto; and
WHEREAS, public notice advertising the City' s intent to enter into a ne...

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