ORDINANCE MARC REALTY Acct. No. 205737 - 3 ■ Permit No. 1120031
Be It Ordained by the City Council of the City of Chicago:
SECTION 1. Permission and authority are hereby given and granted to MARC REALTY, upon the terms and subject to the conditions ofthis ordinance to maintain and use, as now constructed, two (2) Vault(s) under the public right-of-way adjacent to its premises known as 11 E. Adams St
Said Vault(s) at E. Adams Street measure(s):
One (1) at one hundred twelve (112) feet in length, and twelve (12) feet in width for a total of one thousand three hundred forty-four (1344) square feet.
Said Vault(s) at S. State Street measure(s):
. One (1) at one hundred fifty (150) feet in length, and fifteen (15) feet in width for a total of two thousand two hundred fifty (2250) 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).
This grant of privilege in the public way shall be subject to the provisions of Section 10-28-015 and all other required provisions ofthe Municipal Code of Chicago.
The grantee shall pay to the City of Chicago as compensation for the privilege #1120031 herein granted the sum of ten thousand two hundred ninety-nine ($10,299.00) 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.
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. Authority herein given and granted for a period of five (5) years from and after 10/14/2014.
