Be It Ordained by the City Council of the City of Chicago:
SECTION 1. Permission and authority are hereby given and granted to INTERCONTINENTAL HOTEL CHICAGO, upon the terms and subject to the conditions of this ordinance to maintain and use, as now constructed, Facade(s) projecting over the public right-of-way adjacent to its premises known as 505 N. Michigan Ave
Said Facade(s) at N Michigan Ave measure(s):
One (1) at ninety-four point one seven (94.17) feet in length, and forty-eight (48) feet in width for a total of four thousand five hundred twenty point one six (4520.16) square feet. Existing facade is approximately seventeen (17) feet in height and project out over public way approximately eleven (11) inches.
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 #1129516 herein granted the sum of ten thousand three hundred forty-one ($10,341.00) 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.
I
Authority herein given and granted for a period of five (5) yea^tfSrff&nd after 09/12/2017.
Alderman
Brendan Reilly 42nd Ward
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