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 1209-1217 W. Carroll Avenue and 1208-1216 W. Fulton Market Street are owned by Fulton/Racine Property LLC, an Illinois Limited Liability Company; and
WHEREAS, Fulton/Racine Property LLC proposes to use the portion of the alley to be vacated herein for employee parking; 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 THE EAST-WEST 18-FOOT WIDE PUBLIC ALLEY LYING SOUTH OF AND ADJOINING THE SOUTH LINE OF LOTS 1,2,3 AND 4 AND LYING NORTH OF AND ADJOINING THE NORTH LINE OF LOTS 29, 30,31 AND 32, ALL IN BLOCK 3 IN MAGIE AND HIGH'S ADDITION TO CHICAGO IN THE SOUTHWEST 1A OF SECTION 8, TOWNSHIP 39 NORTH, RANGE 14, EAST OF THE THIRD PRINCIPAL MERIDIAN, RECORDED OCTOBER 24, 1855 (ANTE-FIRE), IN COOK COUNTY, ILLINOIS. TOTAL LAND AREA = 1,802 SQ. FT. = 0.041 ACRE, MORE OR LESS as shaded and legally described by the words "HEREBY VACATED" on the plat hereto attached as Exhibit A, which drawing for greater clarity, is hereby made a part of this ordinance, be and the same is hereby vacated and closed, inasmuch as the same is no longer required for public use and the public interest will be subserved by such vacation.
SECTION 2. The City of Chicago hereby reserves for the benefit of Commonwealth Edison, AT&T/SBC, Comcast and their successors or assigns, a non-exclusive utility easement to operate, maintain, constru...
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