Sale of City-owned property at various locations to multiple individuals under ChiBlockBuilder land sale program

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The Department selected buyers for multiple City lots in the open space category. The Department desires to convey each City Lot to the respective Buyer subject to a deed restriction requiring the Buyer to improve the City Lot as open space and own the property for a minimum period of five years after closing. The Buyers have agreed to purchase the City Lots for the purchase prices which represent 10% of the market value assessment for the applicable City Lots.

Sponsors

Sponsor Ward
Johnson, Brandon
Johnson, BrandonPrimary Sponsor

History

Date Legislative body Action
Date 2024-09-18 Legislative body Chicago City Council Action Referred
Date 2024-09-18 Legislative body Chicago City Council Action Introduced

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