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 3600-3656 W. 50m Street, approximately 4920-4998 S. Central Park Avenue, and approximately 4971-4999 S. Lawndale Avenue are owned by Park Place Venture, LLC, a Delaware Limited Liability Company; and
WHEREAS, Park Place Venture, LLC proposes to use the portion of the street to be vacated herein for the creation of residential lots and amenities associated with the Park Place Subdivision; 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 the part of the public street, described in the following ordinance; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. PARCEL 1:
That part of S. Millard Avenue along with that part of an east-west 16 foot wide public alley, in Park Place Unit 1, being a Subdivision in the South Half of the East Half of the Northwest Quarter of Section 11, Township 38 North, Range 13 East of the Third Principal Meridian, according to the plat thereof recorded December 6, 2007 as Document number 0734003180, described as follows;
Beginning at the Southeast corner of Lot 57, said corner also being on the west line of and adjoining S. Millard Avenue, in said Park Place Unit 1; thence North 0 degrees 00 minutes 00 seconds East along the east line of said Lot 57, a distance of 100.00 feet; thence North 90 degrees 00 minutes 00 seconds East 73.16 feet to a point within said east-west 16 foot wide public alley and 4.75 feet north of the north line of Lot 65 in said Park Place Unit 1; thence South 0 degrees 00 minu...
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