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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB4098 Introduced 6/15/2021, by Rep. Kambium Buckner SYNOPSIS AS INTRODUCED:
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Amends the State Property Control Act. Provides for the sale of property located at 2900 S. Damen Avenue, Chicago, Illinois (which may be referred to as the South Branch Sea Change property) to Primera Group, Inc. Provides further requirements and conditions concerning the sale of the property.
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| | A BILL FOR |
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| | HB4098 | | LRB102 17761 RJF 23960 b |
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| 1 | | AN ACT concerning finance.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The State Property Control Act is amended by |
| 5 | | adding Section 8.4 as follows:
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| 6 | | (30 ILCS 605/8.4 new) |
| 7 | | Sec. 8.4. South Branch Sea Change property. |
| 8 | | (a) Notwithstanding any other provision of this Act or any |
| 9 | | other law to the contrary, the administrator is authorized |
| 10 | | under this Section to sell the property located at 2900 S. |
| 11 | | Damen Avenue, Chicago, Illinois (which may be referred to as |
| 12 | | the South Branch Sea Change property) to Primera Group, Inc. |
| 13 | | for the amount of $2,500,000. |
| 14 | | (b) In acquiring the property under this Section, Primera |
| 15 | | Group, Inc. shall be accountable for remediation of the |
| 16 | | property and any other such responsibilities as may be |
| 17 | | required as a condition of sale. |
| 18 | | (c) Upon sale, Primera Group, Inc. shall commit itself to |
| 19 | | the following: (i) contracting with a reputable local company |
| 20 | | to remediate the land; (ii) the use of skilled union labor; |
| 21 | | (iii) the goal of at least 40% minority and veteran |
| 22 | | participation in the development of the property; (iv) a |
| 23 | | commitment to a "hire first" program from the neighboring |