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Chicago Heights approves deed in lieu to acquire 2205 Halsted Street from MTP Holding Enterprise
Summary
Council approved Resolution #2026-30 to accept a deed in lieu of foreclosure for industrial property at 2205 Halsted Street from MTP Holding Enterprise, Inc.; Corporation Counsel said the conveyance would eliminate back taxes and make the property marketable.
The City Council approved a deed in lieu of foreclosure to acquire industrial property located at 2205 Halsted Street from MTP Holding Enterprise, Inc. Corporation Counsel T.J. Somer said the owner agreed to convey the property to the city, which would eliminate back taxes and make the property marketable for future use.
Alderman Sonia Perez moved and Alderman Kelli Merrick seconded the resolution; the council voted unanimously to approve the conveyance. The minutes do not specify any purchase price or subsequent development plan.
