Record #: O2011-4611   
Type: Ordinance Status: Passed
Intro date: 6/8/2011 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 7/6/2011
Title: Release of covenants for property located within 1600-1700 blocks of S Canal St, 1600-1700 blocks of S Stewart Ave and 400 block of W 18th St
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2011-4611.pdf
OFFICE OF THE MAYOR CITY OF CHICAGO
RAHM EMANUEL MAYOR
June 8,2011
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, 1 transmit herewith an ordinance authorizing an amendment to a previously approved land sale for Millennium East, LLC.
Your favorable consideration of this ordinance will be appreciated.
Very truly yours,

ORDINANCE
WHEREAS, the City of Chicago (the "City") is a home mle 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, by ordinance adopted by the City Council ofthe City (the "City Council") on March 12, 1986, and published in the Journal of the Proceedings of the City Council (the "Journal") for such date at pages 28534-28536 (the "Disposition Ordinance"), the City Council authorized the conveyance to S. Gordon and Sons, Inc., an Illinois corporation which was involuntarily dissolved by the Illinois Secretary of State on May 1, 1997 (the "Original Developer"), of certain real property generally located in the south half of the 1600 block of South Canal Street and the 1700 block of South Canal Street, Chicago, Illinois, and legally described in Exhibit A attached hereto (the "Disposition Property"); and
WHEREAS, the City and Original Developer entered into a Contract for the Sale of Land and Redevelopment, dated on or as of August 27, 1986, and recorded with the Office of the Recorder of Deeds of Cook County, Illinois (the "Recorder's Office) on November 7, 1989, as document number 89530244 (the "Redevelopment Agreement"); and
WHEREAS, in accordance with the Disposition Ordinance and the Redevelopment Agreement, the City conveyed, pursuant to two (2) quitclaim deeds (collectively, the "Deeds") each dated December 30, 1986, and recorded with the Recorder's Office on December 31, 1986 and...

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