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PROPOSED ACQUISITION OF REAL ESTATE
Department: Legal Department
Other Part(ies): Chicago Housing Authority ("CHA"), Chicago, Illinois
Request: It is respectfully requested that this proposed purchase through an Intergovernmental Agreement with the CHA be approved.
Description of Real Estate: S. Greenwood Avenue & E. 133rd Street, Chicago, Cook County, Illinois
Section: N/A
Parcel(s): Part of PIN 25-35-100-020-0000
THAT PART OF BLOCK 4 IN ALTGELD GARDENS SUBDIVISION, BEING A SUBDIVISION OF PART OF THE NORTHEAST QUARTER OF SECTION 34, AND PART OF THE NORTHWEST QUARTER OF SECTION 35, ALL IN TOWNSHIP 37 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED MARCH 20, 1947 AS DOCUMENT NO. 14017505, DESCRIBED AS FOLLOWS:
BEGINNING AT THE SOUTHWEST CORNER OF SAID BLOCK 4; THENCE NORTHERLY ALONG THE WEST LINE OF SAID BLOCK 4, BEING A 3233.00 FOOT RADIUS CURVE, CONCAVE WESTERLY, 33.23 FEET, THE CHORD OF SAID CURVE BEARS NORTH 06 DEGREES 09 MINUTES 53 SECONDS EAST, 33.23 FEET; THENCE NORTH 89 DEGREES 25 MINUTES 07 SECONDS EAST, 37.50 FEET; THENCE SOUTH 59 DEGREES 34 MINUTES 46 SECONDS EAST, 64.07 FEET TO A POINT ON THE SOUTH LINE OF SAID BLOCK THAT IS 96.32 FEET EAST OF, THE SOUTHWEST CORNER OF SAID BLOCK, AS MEASURED ON SAID SOUTH LINE; THENCE SOUTH 89 DEGREES 25 MINUTES 07 SECONDS WEST, ON SAID SOUTH LINE, 96.32 FEET TO THE POINT OF BEGINNING, ALL IN COOK COUNTY, ILLINOIS.
SAID PARCEL CONTAINING 2,224 SQUARE FREET, OR 0.05 ACRES, MORE OR LESS.
Fiscal Impact: $5,000.00 purchase price plus closing costs up to $10,000.00 (up to $15,000.00 in total).
Accounts: Real Estate and Land Acquisition Fund 51006.560010; and Land Improvements 51009.560019
District: 5
Summary: The proposed 130th Street Chicago Transit Authority ("CTA") Station will be the new terminal station for the Red Line Extension located just to the east of the CHA Altgeld Gardens housing community. As mitigation for the effects of the extension pr...
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