ORDINANCE 131 S DEARBORN LLC Acct. No. 338788 - 1 Permit No. 1138124
Se It Ordained by the City Council of the City of Chicago.
SECTION 1 Permission and authority are hereby given and granted to 131 S. DEARBORN LLC, upon the terms and subject to the conditions of this ordinance to maintain and use, as now constructed, four (4) Vault(s) under the public right-of-way adjacent to its premises known as 131 S. Dearborn St.
Said Vault(s) at S. State Street measure(s):
One (1) at two hundred point eight three (200.83) feet in length, and seventeen point eight three (17.83) feet in width for a total of three thousand five hundred eighty point eight (3580.8) square feet.
Said Vault(s) at W. Adams Street measure(s).
One (1) at three hundred fifty-one point four two (351.42) feet in length, and twelve point five (12.5) feet in width for a total of four thousand three hundred ninety-two point seven five (4392.75) square feet.
Said Vault(s) at W Marble Place measure(s):
One (1) at one hundred sixty-seven point zero eight (167.08) feet in length, and eight point six seven (8.67) feet in width for a total of one thousand four hundred forty-eight point five eight (1448.58) square feet.
Said Vault(s) at S. Dearborn Street measure(s)1
One (1) at two hundred eight point nine two (208.92) feet in length, and twelve point five eight (12.58) feet in width for a total of two thousand six hundred twenty-eight point two one (2628.21) square feet.
Existing vaults are used for office space and storage
The location of said privilege shall be as shown on prints kept on file with the Department of Business Affairs and Consumer Protection and the Office of the City Clerk.
Said privilege shall be constructed in accordance with plans and specifications approved by the Department of Transportation (Office of Underground Coordination).
This grant of privilege in the public way shall be subject to the provisions of Section 10-28-015 and all other required provisions of the Municipal Code of Chicago.
The grantee shall pay to the City of Chicago as compensation for the privilege #1138124 herein granted the sum of eighty-three thousand seven hundred fifty-four ($83,754.00) per annum in advance.
A 25% penalty will be added for payments received after due date.
The permit holder agrees to hold the City of Chicago harmless for any damage, relocation or replacement costs associated with damage, relocation or removal of private property caused by the City performing work in the public way