ORDINANCE , .
GAGE COMMERCIAL CONDOMINIUM ASSOICATION ' Acct. No. 394616-1 Permit No. 1115828
Be It Ordained by the City Council ofthe City of Chicago:
SECTION 1. Permission and authority are hereby given and granted to GAGE COMMERCIAL CONDOMINIUM ASSOICATION, 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 18-28 S. Michigan Ave
Said Vault(s) at S. Michigan Avenue measure(s):
One (1) at one hundred twenty point eight (120.8) feet in length, and nineteen (19) feet in width for a total of two thousand two hundred ninety-five point two (2295.2) square feet. Existing vault space is used for storage.
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 #1115828 herein granted the sum of ten thousand two hundred eighty-two ($10,282.00) 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.
Brendan Reilly 42nd Ward
Authority herein given and granted for a period of five (5) years from and after 03/14/2012.
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