Ordinance O2024-0008972
Passed
Non-Routine
City Matters
City Business
Getting and Giving Land
Sale of City-owned properties in 15th Ward to adjacent neighbors under ChiBlockBuilder land sale program
Auto-generated summary
ChiBlockBuilder, Chicago's platform for selling city-owned properties, advertised over 2,000 lots in its first round. The Department of Planning and Development accepted applications in categories like 'side yards', with properties sold under a deed restriction. Buyers, recommended by the Chicago Plan Commission, agreed to purchase the lots at prices representing 10% of the market value assessed by CBRE Group, Inc., enhancing the city's property sales efficiency and transparency.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Legislation text
Additional Documents
- O2024-0008972 EDS.pdf
- O2024-0008972 Exhibit A - ChiBlockBuilder Side Yard Legal Descriptions.pdf
- O2024-0008972 Transmittal Letter.pdf