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 1115-1119 N. North Branch Street are owned by 1115-19 N. Branch Development LLC, an Illinois limited liability company; the properties at 1126-1166 N. Cherry Avenue, 1083-1095 N. North Branch Street, and 1101-1109 N. North Branch Street are owned by 1087 North Branch Development LLC, an Illinois limited liability company; and the properties at 1121-1137 N. North Branch Street are owned by 1140 North Branch Development LLC, an Illinois limited liability company (collectively "the Developers"); and
WHEREAS, the Developers propose to use the portion of the alleys to be vacated herein to construct a 2-story product research and development building with parking; 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 those portions of public alleys, described in the following ordinance; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1.
DEDICATION:
THE NORTHWESTERLY 20.00 FEET OF LOT 28 IN BLOCK 77 IN ELSTON'S ADDITION TO CHICAGO IN THE WEST HALF OF THE SOUTHEAST QUARTER OF SECTION 5, TOWNSHIP 39 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN, RECORDED MAY 11, 1855, IN BOOK 85, PAGE 121 AND 122, AS DOCUMENT NUMBER 59194, ANTE-FIRE, IN COOK COUNTY, ILLINOIS CONTAINING 2305 SQUARE FEET OR 0.0529 ACRES, MORE OR LESS as shaded and legally described by the words."HEREBY DEDICATED" on the plat hereto attached as Exhibit A, which drawing for greater clarity, is hereby made a part of this ordinance, be and the same is hereby ...
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