• ORDINANCE
.850 INVESTORS LLC V Acct. No. 335775 -1 Permit No. 1120730
Be It Ordained by the City Council of the City of Chicago:
SECTION 1. Permission and authority are hereby given and granted to 850 INVESTORS LLC, upon the terms and subject to the conditions of this ordinance to maintain and use, as now constructed, one (1) Vault(s) under the public right-of-way adjacent to its premises known as 850 N. Lake Shore Dr
f'Sfeid Vault(s) at E. CHESTNUT STREET measure(s):
,^dne (1) at two hundred sixty-one point six seven (261.67) feet in length, and eighteen point five (18.5) feet in width i fpr a total of four thousand eight hundred forty point nine (4840.9) square feet. Existing vault space is used for various accessory purposes.
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.
' f he grantee shall pay to the City of Chicago as compensation for the privilege #1120730 herein granted the sum of ' fifteen thousand eight hundred seventy-eight ($15,878.00) 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 fora period of five (5) years from and after 11/19/2013.
Alderman
Brian Hopkins 2nd, Ward
Page 1
Department of Business Affairs and Consumer Protection
Small Business Center- Public Way Use Unit City Hall-121...
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