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 1200-1232 N. Clark , 1201-1207 N. LaSalle , 100-114 W. Division and 118-130 W. Division are owned by Jewel Food Stores, Inc., an Ohio corporation; and
WHEREAS, Jewel Food Stores, Inc. proposes to use the portion of the alley vacated herein, at a plane at and above 20' above grade (34.81' above Chicago City Datum), for construction of a mixed use thirty-five (35) story building; and intends to use the area below that plane 20' above grade for a perpetually open public way easement for ingress and egress, both as more fully described in the Easement Agreement attached hereto and made a part hereof as Exhibit A; 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 alley, described in the following ordinance; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1.
THAT PART OF A NORTH-SOUTH 18 FOOT WIDE PUBLIC ALLEY LYING EAST OF LOT 16 AND LYING WEST OF LOT 17, IN CHICAGO LAND CLEARANCE COMMISSION NO. 3, BEING A SUBDIVISION IN THE NORTHEAST QUARTER OF SECTION 4, TOWNSHIP 39 NORTH, RANGE 14, EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED APRIL 30, 1962 AS DOCUMENT NO. 18461871, APRIL 30, 1962 AS DOCUMENT NO. 18461872, AND MAY 4, 1962 AS DOCUMENT NO. T-2032004, IN COOK COUNTY, ILLINOIS, AND BEING DESCRIBED AS FOLLOWS:
COMMENCING AT THE NORTHEAST CORNER OF SAID LOT 16; THENCE SOUTH ALONG THE EAST LINE OF SAID LOT 16, SAID LINE BEING ALSO THE WEST LINE OF SAID NORTH-SOUTH 18.0 FOOT WIDE ...
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