COMMERCIAL ORDINANCE
WHEREAS, the City of Chicago ("City") is a home rule unit of local government pursuant to Article VII, Section 6 (a) of the 1970 constitution of the 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 5530-5540 & 5542-5558 S. Cornell Avenue, and 1604-1624 E.56th Street are owned by Solstice on the Park, LLC, a Delaware limited liability company, licensed to transact business in Illinois; and
WHEREAS, Solstice on the Park, LLC proposes to use the portion of the alley to be vacated herein for assembly of a larger parcel for future development located in the vicinity of the Bret Harte Elementary School, a magnet Chicago Public School (the "School"); and
WHEREAS, 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 and dedication of those parts of the public alleys, described in the following ordinance; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. EXHIBIT "A" DEDICATION OF AN EAST-WEST 18 FOOT WIDE PUBLIC ALLEY
LYING IN LOT 18 IN BLOCK 1 OF ILLINOIS CENTRAL SUBDIVISION OF THE WEST PART OF THE SOUTHWEST 14.09 ACRES IN THE FRACTIONAL SOUTHWEST 1/4 OF SECTION 12 AND THE WEST PART OF THE NORTHWEST 17.93 ACRES IN THE FRACTIONAL NORTHWEST 1/4 OF SECTION 13, TOWNSHIP 38 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO PLAT THEREOF REGISTERED IN THE OFFICE OF THE REGISTRAR OF TITLE OF COOK COUNTY, ILLINOIS ON JUNE 1, 1883, AS DOCUMENT NUMBER 472550 DESCRIBED AS FOLLOWS: THE NORTHERLY 18 FEET OF SAID LOT 18 AS MEASURED PERPENDICULAR TO THE NORTHERLY LINE THEREOF AND (EXCEPT THE WEST 150.00 FEET THEREOF), IN COOK COUNTY, ILLINOIS,
EXHIBIT "B"
VACATION OF THAT PART OF AN EAST-WEST 16 FOOT WIDE PUBLIC ALLEY
LYING IN PART OF BLO...
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