ORDINANCE U S EQUITIES REALITY Acct. No. 88460 - 1 Permit No. 1136720
Be It Ordained by the City Council of the City of Chicago:
SECTION 1 Permission and authority are hereby given and granted to U S EQUITIES REALITY, upon the terms and subject to the conditions of this ordinance to maintain and use, as now constructed, thirteen (13) Caisson(s) under the public right-of-way adjacent to its premises known as 550 W. Van Buren St Existing locations of caisson shafts, caisson caps and of volume concrete encroach into public way in thirteen (13) underground locations along South Clinton Street, West Van Buren Street and Public Alley immediately west of and parallel to South Clinton Street Existing caisson shafts and caisson caps provide foundation support for building.
Said Caisson(s) at W. VAN BUREN ST measure(s):
Four (4) at one (1) foot in length, and one (1) foot in width for a total of four (4) square feet. Said Caisson(s) at S. Clinton St measure(s):
Four (4) at one (1) foot in length, and one (1) foot in width for a total of four (4) square feet. Said Caisson(s) at Public Alley measure(s):
Five (5) at one (1) foot in length, and one (1) foot in width for a total of five (5) square feet.
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 Planning and Development and 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 #1136720 herein granted the sum of four hundred ($400.00) 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
Authority herein given and granted for a period of five (5) years from and after 07/08/2018.