COMMERCIAL ORDINANCE
WHEREAS, the City of Chicago ("City") is a home rule unit of local government pursuant to Article VII, Section 6 (a) ofthe 1970 constitution ofthe State of Illinois and, as such, may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, the properties at 6301 - 6309 N. Kenmore Avenue are owned by Loyola University of Chicago, an Illinois Not For Profit Corporation ("Loyola University of Chicago") (PIN 14-05-202-009); and the properties at 6300 - 6308 N. Kenmore Avenue (PIN 14-05-201-020) are owned by the Chicago Title Land Trust Company, as successor trustee to American National Bank and Trust Company of Chicago, as trustee under Trust Agreement dated September 8, 1993, and known as Trust Number 117412-04 ("Land Trust Property"), which is not party to this vacation; and
WHEREAS, Loyola University of Chicago, proposes to use the portion of the Street to be vacated herein for creation of landscaped campus mall, walkway and green open space to be integrated into the southern campus; and
WHEREAS No such use or improvements by Loyola University of Chicago shall materially interfere with the existing and continuing pedestrian ingress to and egress from the entrance to the property owned by the Land Trust Property, which is not party to this vacation
WHEREAS, in accordance Illinois State Statute with 65 ILCS 5-11-91-1, the City Council of the City of Chicago, after due investigation and consideration, has determined that the nature and extent of the public use and the public interest to be subserved is such as to warrant the vacation to Loyola University of Chicago, of all of that part ofthe public street described in the following ordinance; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. THAT PART OF NORTH KENMORE AVENUE, 66.00 FEET WIDE, IN COCHRAN'S SECOND ADDITION TO EDGEWATER, SAID ADDITION BEING A SUBDIVISION OF THE EAST FRACTIONAL HALF (EXCEPT THE WEST 132...
Click here for full text