Posted on 06/24/2009 8:56:32 PM PDT by STARWISE
The Daley administration would be prohibited from signing a string of month-to-month leases — such as the one at a South Side industrial site co-owned by Mayor Daley’s nephew — under a crackdown in the works to restore “credibility” to the leasing process.
As chairman of the City Council’s Committee on Housing and Real Estate, Ald. Ray Suarez (31st) says he should have signed off on the lease at 3348 S. Pulaski.
Last week, Ald. Ray Suarez (31st) demanded to know why the city has paid nearly $500,000 to lease the space co-owned by mayoral nephew Robert Vanecko and his partners.
But, City Hall’s decision to make it a month-to-month lease — and continue that temporary arrangement since November, 2007 — denied Suarez’ committee and the full City Council the right to approve the deal.
(Excerpt) Read more at suntimes.com ...
~~ Chicago Way ........ PING!
Leave it to Chicago politics.
“Daley has insisted that he knew nothing about his nephew’s risky real estate venture with city employee pension funds until the Chicago Sun-Times blew the whistle nearly two years ago.
And the mayor has maintained that, the minute he did find out, he ordered his nephew to drop out of the deal with Davis, only to be ignored.”
Yeah, right.
(Interesting comments posted at the link.)
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