Be It Ordained by the City Council of the City of Chicago:
SECTION 1. Permission and authority are hereby given and granted to STONEWATER ONE NORTH STATE FUNDING LLC, upon the terms and subject to the conditions of this ordinance to construct, install, maintain and use two (2) Bicycle Rack(s) on the public right-of-way adjacent to its premises known as 1 N. State St
Said Bicycle Rack(s) at Holden Court (Alley of 1 N State St) measure(s):
Two (2) at five point zero five (5.05) feet in length, and twelve point five (12.5) feet in width for a total of one hundred twenty-six point two five (126.25) square feet.
The location of said privilege shall be as shown on prints kept on file with the Department of Business Affairs and Consumer Protection and the Office of the City Clerk.
Said privilege shall be constructed in accordance with plans and specifications approved by the Department of Planning and Development and Department of Transportation (Division of Project Development).
This grant of privilege in the public way shall be subject to the provisions of Section 10-28-015 and all other required provisions of the Municipal Code of Chicago.
The grantee shall pay to the City of Chicago as compensation for the privilege #1120248 herein granted the sum of zero ($.00) per annum in advance.
A 25% penalty will be added for payments received after due date.
The permit holder agrees to hold the City of Chicago harmless for any damage, relocation or replacement costs associated with damage, relocation or removal of private property caused by the City performing work in the public way.
Alderman
Brendan Reilly 42nd Ward
Authority herein given and granted for a period of five (5Up««W^n and after Date of Passage.
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