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 1926-1934 S. Clark Street are owned by MRR 1900 Clark LLC, an Illinois limited liability company, as to an undivided 65% interest, and by BPRS 1900 Clark LLC, an Illinois limited liability company as to an undivided 35% interest, as tenants in common, and the properties at 2000-2002 S. Clark Street are owned by an unrelated co-applicant, Sheng Man De Investment Company (collectively, the "Developers"); and
WHEREAS, the Developers propose to use the portion ofthe street remnant to be vacated herein for driveway access and parking; and
WHEREAS, the City Council of the City of Chicago, after due investigation and consideration, has determined that the nature and extent ofthe public use and the public interest to be subserved is such as to warrant the vacation of that portion of the public street described in this ordinance; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1.
THE VACATION OF THAT PART OF W. CULLERTON STREET DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF LOT 7, IN BLOCK 28 IN CANAL TRUSTEES' NEW SUBDIVISION OF BLOCKS IN THE EAST FRACTIONAL QUARTER OF SECTION 21, TOWNSHIP 39 NORTH, RANGE 14, EAST OF THE THIRD PRINCIPAL MERIDIAN, RECORDED MAY 18, 1852, ANTE-FIRE AND RE-RECORDED SEPTEMBER 24, 1877 PER DOCUMENT #151614; THENCE SOUTH 01 DEGREES 34 MINUTES 25 SECONDS EAST ALONG THE WEST LINE OF S. CLARK STREET 66.00 FEET TO THE NORTHEAST CORNER OF LOT 1 IN CANAL TRUSTEES' NEW SUBDIVISION AFORESAID; THENCE SOUTH 88 DEGREES 30 MINUTES 17 MINUTES WEST ALONG THE NORTH LINE OF LOT 1 AFORESAID 79.49 FEET TO THE EAST LINE OF VACATED W. CULLERTON STREET VACATED BY ORDINANCE PASSED JULY 12, 1894...
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