WHEREAS, Chapter 4-17 of the Municipal Code of Chicago authorizes the establishment of Restricted Residential Zones pursuant to an opt-out process, which requires a petition to trigger an ordinance; and
WHEREAS, The requisite procedural requirements have been met; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. Pursuant to Sections 4-17-020 and 04-17-040 ofthe Municipal Code of Chicago ("Code"), the 25th Precinct of the 13th Ward, as described herein, is hereby designated as a Restricted Residential Zone within the meaning of Chapter 4-17 of the Code. All new or additional shared housing units and vacation rentals shall be prohibited within the boundaries of such 25h Precinct, with such boundaries beginning at the intersection of South Cicero Avenue and West 59th Street, thence east on West 59th Street to the Chicago Belt Railroad, thence south on the Chicago Belt Railroad to West 63rd Street, thence west on West 63rd Street to South Cicero Avenue, and thence north on South Cicero Avenue to the place of the beginning.
SECTION 2. This ordinance shall take full force and effect upon its passage and publication, and shall remain in effect for four years following its effective date.