Ordinance O2023-0001283
Passed
Negotiated as-is sale of vacant City-owned property at 5339-5345 S State St to Deeply Rooted Productions, Inc., Deeply Rooted Dance Center NFP for development of dance studio center with production facilities
Auto-generated summary
Chicago Mayor Brandon Johnson has proposed an ordinance for the sale of a city-owned property at 5339 to 5345 South State Street to Deeply Rooted Dance Center NFP for $1.00 per tax parcel. The property will be used to construct a dance center, in line with the Redevelopment Plan. The project, estimated to cost $15,649,518, has been approved by the Chicago Plan Commission and Community Development Commission and will be partially funded by a $5 million grant from the Chicago Recovery Plan Community Development Grant Program. The sale is contingent on the Grantee fulfilling several conditions, including environmental assessments and remediation work, and signing a Redevelopment Agreement. The Grantee also releases the City from any liabilities related to environmental contamination and cleanup. The property is located in the Southwest Quarter of Section 10, Township 38 North, Range 14 in Cook County, Illinois.
