Record #: O2021-3911   
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 Chicago Board of Trade of the City of Chicago, Inc. - bollard(s)
Sponsors: Reilly, Brendan
Topic: PUBLIC WAY USAGE - Grants of Privilege
Attachments: 1. O2021-3911.pdf
ORDINANCE
CHICAGO BOARD OF TRADE OF THE CITY OF CHICAGO, INC. Acct. No.: 8472-1 Permit No: BACP1578250

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

SECTION 1. Permission and authority are hereby given and granted to CHICAGO BOARD OF TRADE OF THE CITY OF CHICAGO, INC. upon the terms and subject to the conditions of this ordinance to maintain and use, as now constructed, seventy-nine (79) Bollard(s) on the public right-of-way adjacent to its premises known as 141 W JACKSON BLVD.
Said Bollard(s) at W. Jackson Blvd measure(s):
Seventy-Nine (79) at three (3) feet in length and Zero (0) feet in width for a total of two hundred thirty-seven (237) 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)Department of Planning and Development and Department of Transportation (Division of Project Developmenf)Department of Planning and Development and Department of Transportation (Division of Project Development).
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 #BACP1578250 herein granted the sum of five thousand nine hundred twenty-five ($5,925.00) 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 or removal of private property caused by the City performing work in the public way.
Authority herein given and granted for a period of five (5) years from and after 07/26/2021.




'1
Alderman:
Brendan Reilly ...

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