Title
AUTHORITY TO ADOPT AN ORDINANCE TO ACCEPT THE TRANSFER OF APPROXIMATELY 4 ACRES OF PROPERTY LOCATED AT LARRABEE AND BLACKHAWK STREETS FROM THE CHICAGO HOUSING AUTHORITY FOR A NEW PARK
Body
To: The Honorable Board of Commissioners of the Chicago Park District
I. Recommendation
It is recommended that the Board of Commissioners of the Chicago Park District adopt an ordinance authorizing the acceptance of property located at Larrabee and Blackhawk Streets from the Chicago Housing Authority. It is further recommended that the Board authorize the General Superintendent, or his designee, to negotiate, enter into, and execute such agreements, amendments, indemnities, and instruments and perform any and all acts as shall be necessary or advisable in connection with the transaction described herein.
II. Agreement Information
Grantor: Chicago Housing Authority
60 E. Van Buren
Chicago, IL 60605
Grantee: Chicago Park District
541 N. Fairbanks Ct.
Chicago, IL 60611
Transfer Type: Intergovernmental Property Transfer in accordance with 50ILCS 605/2(a) of the Local Government Property Transfer Act.
Granting Instruments: Quit claim deed from Chicago Housing Authority transferring ownership to the Chicago Park District and Intergovernmental Agreements.
Agreements: Intergovernmental agreements, amendments to intergovernmental agreements and, if applicable, temporary right of entry, easements, restrictive covenants, and any other agreements or instruments necessary to comply with any restrictions of record for a portion or the entirety of the Property and the transfer of funds for development.
Authorization: Authorize the General Superintendent to negotiate, enter into, and execute such intergovernmental agreements, amendments to intergovernmental agreements, indemnities, and instruments and perform any and all acts as shall be necessary or advisable in connection with the transactions described herein, including compliance with existing ease...
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