ORDINANCE
PARK HYATT WATER TOWER ASSOCIATES Acct. No. 64854 - 9 Permit No. 1102969
Be It Ordained by the City Council of the City of Chicago:
SECTION 1. Permission and authority are hereby given and granted to PARK HYATT WATER TOWER ASSOCIATES, upon the terms and subject to the conditions of this ordinance to maintain and use, as now constructed, two (2) Vault(s) under the public right-of-way adjacent to its premises known as 800 N. Michigan Ave
Said Vault(s) at E. Chicago Avenue measure(s): I
One (1) at one hundred forty-four (144) feet in length, and eighteen (18) feet in width for a total of two thousand five hundred ninety-two (2592) square feet. Existing vault is used for storage purposes.
Said Vault(s) at N. Rush Street measure(s):
One (1) at one hundred one (101) feet in length, and sixteen point one six (16.1,6) feet in width for a total of one thousand six hundred thirty-two point one six (1632.16) square feet. Existing vault is used to house the main line of Commonwealth Edison electrical equipment and to maintain the majority of the building's electrical systems.
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. j
The grantee shall pay to the City of Chicago as compensation for the privilege #1102969 herein granted the sum of seventeen thousand two hundred thirty-four ($17,234.00) 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 ...
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