COMMERCIAL VACATION 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 approximately 2750-2756 and 2743-2757 N. Rockwell Street are owned by GX Chicago LLC, an Illinois Limited Liability Company, and the properties at approximately 2742-2748 N. Rockwell Street are owned by Union Pacific Railroad Company and
WHEREAS, GX Chicago LLC proposes to use the portion of the street to be vacated herein for a driveway and surface parking, and the Union Pacific Railroad Company will have no interest in the vacated street; and
WHEREAS, Union Pacific Railroad Company as owner of the property known as Permanent Index Number 13-25-403-029 has provided to the City its written acknowledgement and consent to the vacation by GX Chicago, LLC as described herein; and
WHEREAS, the Union Pacific Railroad Company, and GX Chicago LLC agree to hold harmless and indemnify the City of Chicago for any and all claims for (1) damages; (2) injury to person or property (financial or otherwise); (3) compensation in any amount; and (4) any/all other claims that may arise in association with this ordinance, as against the City of Chicago, its officials, officers, employees, and agents; 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 of part of 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 66 FOOT WIDE NORTH ROCKWELL STREET IN THE EAST 1/2 OF THE SOUTHEAST 1/4 OF SECTION 25, TOWNSHIP 40 NORTH, RANGE 13, EAST OF THE THIRD PRINCIPAL MERIDIAN, LYING SO...
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