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Describes that fair market value sales require evidence of development capability and may include legislative approvals up to City Council and final closing. 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If accepted, the applicant is asked to execute the Land Sale Purchase Application with detailed supporting materials.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"Does signing the Letter of Interest obligate the City to convey property?",{"text":114,"@type":110},"No. The City has no obligation to convey property to the applicant or any other applicant. All sales remain contingent on City Council approval and compliance with land use and zoning requirements.",{"name":116,"@type":107,"acceptedAnswer":117},"What information must applicants provide in the form?",{"text":118,"@type":110},"Applicants must provide contact information, identify the type of business entity (including directors/officers/owners as applicable), and include property identification such as street address, PINs, current use, proposed use, land area, and current zoning designation. 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To find out whether a particular property is City-owned and available for purchase, contact the Land Sales Team at  \n312-744-Land or [landsales@cityofchicago.org](landsales@cityofchicago.org)  \nThe Chicago Zoning Map Tool is a resource to identify City-owned lots and property zoning. City land sales are required to be consistent with zoning. Using the advanced tools tab, the interactive mapping tool allows all City-owned lots to be displayed on the map.  \n[https://gisapps.cityofchicago.org/zoning](https://gisapps.cityofchicago.org/zoning)  \nAny entity or individual may qualify to purchase City property at fair market value. The purchaser must be able to demonstrate the ability to complete the purchase and its proposed development.  \nThe value of the property is established by an appraisal prepared by an independent appraiser approved and procured by the City, at the purchaser’s cost. City land sales additionally require environmental site assessments based on the proposed use and zoning. The purchaser is responsible for obtaining required environmental site assessment reports and environmental cleanup, if necessary.  \nThe City may consider a sales price that is less than the appraised value: (i) when the purchaser is a non-sectarian, not-for-profit community based organization; or (ii) when the property is in a priority development area and the proposed development meets the redevelopment goals of theredevelopment area and provides tangible public benefits, such as affordable housing units, new or retained jobs, new retail services in an underserved community, cultural activities, or social services.  \nThe Application and Land Sale process consists of seven steps.  \n􀁸 Step 1 Letter of Interest  \n􀁸 Step 2 Land Sale Purchase Application  \n􀁸 Step 3 Review of the purchase application by DPD and other City agencies  \n􀁸 Step 4 Appraisal  \n􀁸 Step 5 Environmental Investigation  \n􀁸 Step 6 Legislative Approvals including City Council  \n􀁸 Step 7 Land Sale Closing  \nThe purpose of the Letter of Interest is for DPD to consider the applicant and its proposal for the development of the City property within the context of existing City plans and redevelopment objectives. If the proposal is accepted by DPD, the applicant will be asked to execute a Land Sale Purchase Application in a form acceptable to the City, which would include detailed site, architectural, and landscape plans, economic disclosure statement, financial information and other support materials.  \nPlease complete this form in its entirety. Incomplete applications may be returned without action taken by DPD.  \nAcknowledgement:  \nBy signing below, I acknowledge the following:  \n• This Letter of Interest does not obligate the City to convey property to the applicant or to any other applicant.  \n• The applicant acknowledges that land sales and development are subject to, and required to comply with, all land use and zoning requirements and other applicable City ordinances.  \n• All City land sales are contingent on and require City Council approval.  \n• The City reserves the exclusive right to decide whether to engage in transactions with any applicant.  \nPlease acknowledge that you have read and will abide by the terms described in this Application by signing below.  \nLegal Name of Applicant  \nSigned Date  \n___________________________________  \nPrinted Name  \nThe Department of Planning and Development (DPD) is accepting Letters of Interest from applicants who are interested in acquiring property from the City of Chicago. All sales of property a","cbCaiik7c4xNwkE1","https://ap.wps.com/l/cbCaiik7c4xNwkE1","pdf",406351,6,"English","# Letter of Interest\n## Purpose and acknowledgements\n## Key requirements and evaluation factors\n# Application and Land Sale Process\n## Seven-step workflow\n# Applicant Information and Property Details\n## Contact and entity type\n## Property identification and zoning","[{\"question\":\"What is the purpose of the Letter of Interest in the City land sale process?\",\"answer\":\"It allows DPD to consider the applicant and the proposed development of City property in the context of existing City plans and redevelopment objectives. If accepted, the applicant is asked to execute the Land Sale Purchase Application with detailed supporting materials.\"},{\"question\":\"Does signing the Letter of Interest obligate the City to convey property?\",\"answer\":\"No. The City has no obligation to convey property to the applicant or any other applicant. All sales remain contingent on City Council approval and compliance with land use and zoning requirements.\"},{\"question\":\"What information must applicants provide in the form?\",\"answer\":\"Applicants must provide contact information, identify the type of business entity (including directors/officers/owners as applicable), and include property identification such as street address, PINs, current use, proposed use, land area, and current zoning designation. Additional pages can be attached for extra information or documents.\"}]","Letter of Interest to Purchase City Land - Application Process Overview | PDF",1789564456]