Record #: O2013-7769   
Type: Ordinance Status: Passed
Intro date: 10/16/2013 Current Controlling Legislative Body: Committee on Transportation and Public Way
Final action: 11/13/2013
Title: Grant(s) of privilege in public way for Loft Development
Sponsors: Fioretti, Bob
Topic: PUBLIC WAY USAGE - Grants of Privilege
Attachments: 1. O2013-7769.pdf
ORDINANCE LOFT DEVELOPMENT Acct. No. 86625 - 3 Permit No. 1108312

Be It Ordained by the City Council of the City of Chicago:
SECTION 1. Permission and authority are hereby given and granted to LOFT DEVELOPMENT, upon the terms and subject to the conditions of this ordinance to maintain and use, as now constructed, one (1) Vault(s) under the public right-of-way adjacent to its premises known as 542 S. Dearborn St
Said Vault(s) at South Dearborn Street measure(s):
One (1) at sixty (60) feet in length, and six (6) feet in width for a total of three hundred sixty (360) 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 #1108312 herein granted the sum of five hundred thirty-nine ($539.00) 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













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