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COMMERCIAL ORDINANCE
WHEREAS, the City of Chicago ("City") is a home rule unit of local government pursuant to Article VII, Section 6 (a) of the 1970 constitution of the State of Illinois and, as such, may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, the properties at 617-627 W. Division Street, 1145-1175 N.Howe Street, and 614-26 West Elm (PINs 17-04-303-001 through -003, and -010) are currently owned by "625 West Division, LLC"; and the property at 615 West Division Street (PIN 17-04-303-019) is currently owned by the City of Chicago and is being conveyed to 625 West Division, LLC, pursuant to the City of Chicago Ordinance O2014-110 to become effective on March 5, 2014; and the properties at 601-613 W. Division Street, and 1144-1174 N. Larrabee Street (PINs 17-04-303-005 through-009,-011 through -018 and -020) are owned by the City of Chicago and are currently being utilized as the District 18 Police Headquarters; and
WHEREAS, 625 West Division, LLC proposes to use the portion of the east-west alley to be vacated herein for the construction of a multistory, mixed use development; and the District 18 Police Headquarters proposes to use the portion of the north-south alley to be vacated herein for secure prisoner transfer; and
WHEREAS, the City Council of the City of Chicago, after due investigation and consideration, has determined that the nature and extent of the public use and the public interest to be subserved is such as to warrant the vacation of the parts of the public alleys, described in the following ordinance; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1.
Portion of public Alley to be vacated to 625 W. Division, LLC:
THE EAST-WEST TWELVE (12) FOOT ALLEY ALYING NORTH OF AND ADJOINING TO LOT 6, LYING SOUTH OF AND ADJOINING LOTS 1, 2 AND PART OF LOT 3, LYING EAST OF A LINE DRAWN FROM THE SOUTHWEST CORNER OF LOT 1 TO THE NORTHWEST CORNER OF SAID L...
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