ORDINANCE
THE NORTHERN TRUST COMPANY Acct. No. 85393 -1 Permit No. 1141573
Be It Ordained by the City Council of the City of Chicago:
SECTION 1. Permission and authority are hereby given and granted to THE NORTHERN TRUST COMPANY, upon the terms and subject to the conditions of this ordinance to maintain and use, as now constructed, one (1) Covered Pedestrian Bridge over and across the east/west eighteen (18) foot public alley lying between South Wells Street and South LaSalle Street also known as West Arcade Place, beginning at a point ninety-three and seventy-five (93.75) feet east of the east line of South Wells Street. Existing covered pedestrian bridge connect the two buildings known as 50 South LaSalle Street and 181 West Madison Street. Existing bridge extend across West Arcade Place a distance of approximately eighteen (18) feet and is not less than five (5) stories above grade at said location. Bridge dimensions are fourteen (14) feet in height, eighteen (18) feet in length and twelve and seven hundredths (12.17) feet in width.
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 (Division of Project Development).
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 ofChicago as compensation for the privilege #1141573 herein granted the sum of two thousand four hundred thirty-five ($2,435.00) 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) yearsfrom and after 07/19/2019.
Brendan Reilly 42nd Ward
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