Ordinance O2023-0003076
Passed
Non-Routine
City Matters
City Business
Getting and Giving Land
Sale of City-owned property at 4005 S Dearborn St to New Horizon Steel, LLC
Auto-generated summary
Mayor Brandon Johnson proposes the $70,000 sale of a city-owned property to New Horizon Steel, LLC, supported by the Chicago Plan Commission. The company will rehabilitate the property into their headquarters and a training facility, with remediation costs reimbursed by the city. The sale is subject to a Redevelopment Agreement and the issuance of a quitclaim deed, pending ordinance approval.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Locations mentioned
Legislation text
Additional Documents
- O2023-0003076 EDS.pdf
- O2023-0003076 Exhibit A - Legal Description.pdf
- O2023-0003076 Exhibit B - Redevelopment Agreement.pdf