title
Authorization for actions necessary for the disposition and sale of Altgeld Gardens land to By The Hand Club for Kids.
end
Development
Address
Community Area
Planned Work
13122 South Ellis Avenue
Riverdale
Rehabilitation and expansion of the existing Up Top building by the non-profit By The Hand Club for Kids to expand their after school programming.
presenter
Presenter: Rishab Mehan, Deputy Chief Development
end
Recommendation
The Interim Chief Executive Office ("CEO") of the Chicago Housing Authority ("CHA") recommends that the CHA Board of Commissioners ("Board") authorize the Interim CEO or her designee to:1) enter into a Purchase and Sale Agreement with the By The Hand Club for Kids ("BTHCK") for the acquisition of certain land at the full appraised value to facilitate the rehabilitation and expansion of the Up Top building ("Proposed Development") located in the Altgeld Gardens community; 2) submit a disposition application to HUD for the CHA land necessary to facilitate the Proposed Development; 3) convey the land by quit claim deed transfer to BTHCK or its designee in exchange for the payment of appraised value; 4) execute and deliver such other documents and perform such actions as may be necessary or appropriate to implement the foregoing.
Property Summary and Appraised Value
?Property/Site
?Acreage and Square Feet
?Payment to CHA
13122 South Ellis Avenue
Approximately 1.24 acres
?$27,000
The total land area needed for the Proposed Development is approximately 1.24 acres of CHA land adjacent to the Up Top building. The total appraised value of the CHA land is $27,000.
Developer
The BTHCK is a faith-based 501(c)3 holistic afterschool program with a mission to take kids by the hand and walk with them from kindergarten through college. BTHCK works in several communities across Chicago, including Altgeld Gardens, Austin, Cabrini-Geen, Englewood, Moving Everest/Austin, and North Austin. Since opening their second location in 2005, BTHCK's Alt...
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