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Council 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., to eliminate back taxes and make the site marketable.
The City Council unanimously approved Resolution #2026-30 authorizing a deed in lieu of foreclosure for the industrial property at 2205 Halsted Street. Corporation Counsel T.J. Somer said the owner, MTP Holding Enterprise, Inc., agreed to convey the property to the city so the city could eliminate back taxes and make the property marketable.
Alderman Sonia Perez moved the resolution and Alderman Kelli Merrick seconded; the motion passed with all members present voting in favor. Minutes do not specify the outstanding tax amount or planned reuse for the site; those details will appear in follow-up staff reports or property disposition records.
