ORDINANCE - VIRGIN HOTEL CHICAGO Acct No. 375164 - 1 Permit No. 1131182
Se It Ordained by the City Council of the City of Chicago:
SECTION 1. Permission and authority are hereby given and granted to VIRGIN HOTEL CHICAGO, upon the terms and subject to the conditions of this ordinance to maintain and use, as now constructed, three (3) Vault(s) under the public right-of-way adjacent to its premises known as 203 N. Wabash Ave
Said Vault(s) at E. Lake Street measure(s):
One (1) at seventy point zero eight (70.08) feet in length, and twelve point five (12.5) feet in width for a total of eight hundred seventy-six (876) square feet.
Said Vault(s) at N. Wabash Avenue measure(s):
One (1) at one hundred sixteen point five eight (116.58) feet in length, and twenty-two point zero eight (22.08) feet in width for a total of two thousand five hundred seventy-four point zero nine (2574.09) square feet.
Said Vault(s) at E. Haddock Place measure(s):
One (1) at forty-five point one six (45.16) feet in length, and twelve point one six (12.16) feet in width for a total of five hundred forty-nine point one five (549.15) 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 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 #1131182 herein granted the sum of fourteen thousand two hundred thirty-six ($14,236.00) 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.
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Authority herein given and granted for a period of five (5) years from and after 09/12/2017.
