ORDINANCE NPG CHI2 OGDEN LLC Acct. No: 480573 - 1 Permit No: BACP1603110
ORDINANCE FOR GRANT OF PRIVILEGE IN PUBLIC RIGHT OF WAY
WHEREAS, the City of Chicago ("City") is a home rule unit of municipal government pursuant to Article VII, Section 6 (a) ofthe Illinois Constitution of 1970 and, as such, may exercise any power and perform any function related to its government and affairs; and
WHEREAS, the City Council of the City of Chicago ("City Council") passed an ordinance on May 22, 1991 ("1991 Ordinance"), for a grant of privilege ("Grant of Privilege") in the public way located on North Columbus Drive between East North Water Street and East Illinois Street, located beneath the elevated Columbus Drive bridge structure ("Grant of Privilege Area") for use and occupancy for public parking purposes to Ogden Plaza Garage Company, L.L.C., an Illinois limited liability company ("OPGC"), such 1991 Ordinance appearing on page 1115 of the Journal of Proceedings ofthe City Council ("Journal"); and
WHEREAS, the City Council passed a second ordinance on February 5, 2003, as appearing in the Journal of such date at pages 103940 - 103947 (the "2003 Renewal Ordinance") renewing OPGC's use and occupancy of the Grant of Privilege Area for a term of ten (10) years ending on February 29, 2013 (the "Expiration Date"); and
WHEREAS, since the Expiration Date, OPGC has continued to use and occupy the Grant of Privilege Area and pay for such use and occupancy pursuant to the terms ofthe 2003 Renewal Ordinance; and
WHEREAS, OPGC is under contract to sell the adjacent real property to which the Grant of Privilege applies to NPG CHI2 Ogden LLC, a Delaware limited liability company ("NPG"); and
WHEREAS, NPG desires to be issued a new Grant of Privilege forthe use and occupancy of the Grant of Privilege Area for a term of ten (10) years; and
WHEREAS, the granting of permission and authority to NPG for the continued use and occupancy of the Grant of Privilege Area is a matter relating to...
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