Office of the City Clerk - Record #: O2021-3912

• Record #: O2021-3912
• Type: Ordinance
• Status: Passed
• Intro date: 9/14/2021
• Current Controlling Legislative Body: Committee on Transportation and Public Way
• Final action: 10/14/2021
• Title: Grant(s) of privilege in public way for 151 North State Owner LLC - vault(s)
• Sponsors: Reilly, Brendan
• Topic: PUBLIC WAY USAGE - Grants of Privilege

Date	Journal Page Number	Action By	Action	Result
10/14/2021	37630	City Council	Passed	Pass
10/13/2021		Committee on Transportation and Public Way	Recommended to Pass
9/14/2021	36763	City Council	Referred

ORDINANCE
151 NORTH STATE OWNER LLC Acct No.: 394278-3 Permit No: BACP1579610

Be It Ordained by the City Council of the City of Chicago:

SECTION 1. Permission and authority are hereby given and granted to 151 NORTH STATE OWNER LLC upon the terms and subject to the conditions of this ordinance to maintain and use, as now constructed, four (4) Vault(s) under the public right-of-way adjacent to its premises known as 8 E RANDOLPH ST.
Said Vault(s) at E. BENTON PLACE measure(s):
One (1) at one hundred thirty-three (133) feet in length and thirty-one (31) feet in width for a total of four thousand one hundred twenty-three (4,123) square feet.
Said Vault(s) at N. HOLDEN COURT measure(s):
One (1) at one hundred sixty-eight (168) feet in length and twenty-two (22) feet in width for a total of three thousand six hundred ninety-six (3,696) square feet.
Said Vault(s) at N. STATE STREET measure(s):
One (1) at two hundred one (201) feet in length and twenty-five (25) feet in width for a total of five thousand twenty-five (5,025) square feet.

Said Vault(s) at E. RANDOLPH STREET measure(s):
One (1) at one hundred thirty-eight (138) feet in length and sixteen (16) feet in width for a total of two thousand two hundred eight (2,208) 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 #BACP1579610 herein granted the sum of fifty-six thousand five hundred ninety-six ($56,596.00) per annum in advance.
A 25% penalty will be added for payments received after...