ORDINANCE
WHEREAS, the City of Chicago ("City") is a duly constituted and existing municipality within the meaning of Section 1, Article VII, of the 1970 Constitution of the State of Illinois ("Constitution"), and is a home rule unit of local government under Section 6(a), Article VII, of the Constitution; and, as such, may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, the Metropolitan Water Reclamation District of Greater Chicago ("MWRD"), is a body corporate and politic organized and existing under the laws of the State of Illinois; and
WHEREAS, the City's Department of Transportation ("CDOT") proposes to construct, place, operate, maintain, repair and remove a North Branch Riverwalk Underbridge Connection at Addison Street from Clark Park to California Park ("Bridge"); and
WHEREAS, the Bridge shall be placed on four (4) parcels of MWRD property (the MWRD Property"), as depicted on Exhibit A attached hereto; and
WHEREAS, the MWRD is agreeable to enter into a thirty-nine (39) year term lease agreement ("Lease Agreement") with the City to allow for the Bridge to be placed on the MWRD Property for a the total sum of Ten and No/100 Dollars ($10.00), for the entire 39 year term of the Lease; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. The above recitals are expressly incorporated in and made part of this ordinance as though fully set forth herein.
SECTION 2. The Commissioner (the "Commissioner") of the Department of Transportation or a designee of the Commissioner are each hereby authorized, with the approval of the City's Corporation Counsel as to form and legality, to negotiate, execute and deliver a Lease Agreement for a the total sum of Ten and No/100 Dollars ($10.00), for the entire term of the Lease, substantially in the form attached hereto as Exhibit B, and such other supporting documents as may be necessary or appropriate to carry out and comply with the prov...
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