Number
011170
Version
ORIGINAL
Reference
Sponsor
ALD. JOHNSON-ODOM
Title
Resolution declaring various vacant, City-owned or tax-deed lots surplus and accepting an Offer to Purchase from the Inner City Redevelopment Corporation for new residential construction, in the 6th Aldermanic District. (DCD-Real Estate)
Analysis
This resolution will result in the sale of 20 vacant, City-owned or tax-deed lots.
Body
Whereas, The Inner City Redevelopment Corporation ("ICRC") has offered to purchase the following vacant, City-owned or tax-deed lots for $1 each for new residential construction:
ADDRESS, TAX KEY NUMBER
3003-13 North 2nd Street, #313-0752-100-0
3017 North 2nd Street, #313-0229-0
3071-73 North 2nd Street, #313-0225-9
3077-79 North 2nd Street, #313-0226-4
3157-57B North 2nd Street, #282-1516-100-7
3161-63 North 2nd Street, #282-1518-100-8
3207 North 2nd Street, #282-1526-100-1
3227 North 2nd Street, #282-1536-100-6
3259 North 2nd Street, #282-1548-5
3265 North 2nd Street, #282-1552-7
3269 North 2nd Street, #282-1553-100-9
3277 North 2nd Street, #282-1557-100-0
3285 North 2nd Street, #282-1558-100-6
3260 North 2nd Street, #282-0381-X
3272-74 North 2nd Street, #282-0379-9
3278 North 3rd Street, #282-1556-9
3284 North 3rd Street, #282-1559-5
112-14 East Chambers Street, #313-0728-100-X
118 East Chambers Street, #313-0727-8
122 East Chambers Street, #313-0726-2
; and
Whereas, The Department of City Development ("DCD") recommends acceptance of this Offer contingent upon site and building plan approval, a financial commitment in place to complete the project as proposed, and closing must occur within six months from the date of this Council file's approval; and
Whereas, DCD recommends sale in an "as is" condition without representations or warranties including but not limited to soil quality and subsurface condition; and
Whereas, The City Plan Commission has determined tha...
Click here for full text