Ordinance O2025-0014974 - Chicago Councilmatic

First amendment to Heritage Pointe II redevelopment agreement for sale of additional lots at 3355, 3353, 3337, 3335, 3333, 3325, 3209, 3207 and 3310 W Walnut St to developers Joudeh Investments LLC, MKB Business Strategies LLC, and Joudah Investments LLC/MKB Business Strategies LLC under the City Lots for Working Families Program

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The City of Chicago sold seven vacant lots to Joudeh Investments LLC and MKB Business Strategies LLC under the City Lots for Working Families Program, and entered a Redevelopment Agreement. They proposed to purchase seven more lots offered on the ChiBlockBuilder website, and the Department of Housing selected their proposal. The City agreed to sell each lot for One Dollar, as assessed by CBRE Group, Inc. The Mayor, City Clerk, and the Commissioner of DOH are authorized to execute necessary documents to carry out the provisions of the ordinance, which modifies the program by changing 'Appraised Value' to 'Market Valuation'.

	Sponsor	Ward
	Johnson, BrandonPrimary Sponsor

History

Date	Legislative body	Action
Date 2025-03-12	Legislative body Chicago City Council	Action Passed
Date 2025-03-05	Legislative body Committee on Housing and Real Estate	Action Recommended to Pass
Date 2025-02-18	Legislative body Committee on Housing and Real Estate	Action Held in Committee
Date 2025-01-17	Legislative body Chicago City Council	Action Referred
Date 2025-01-15	Legislative body Chicago City Council	Action Introduced

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Ordinance O2025-0014974 Passed

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