ORDINANCE
MACERICH MANAGEMENT Acct. No. 88194-2 Permit No. 1122557
Be It Ordained by the City Council of the City of Chicago:
SECTION 1. Permission and authority are hereby given and granted to MACERICH MANAGEMENT, upon the terms and subject to the conditions of this ordinance to maintain and use, as now constructed, one (1) Permanent Enclosure(s) on the public right-of-way adjacent to its premises known as 520 N. Michigan Ave
Said Permanent Enclosure(s) at E. Illinois (Alley Elevation) measure(s):
One (1) at one hundred twenty-one point two five (121.25) feet in length, and seven (7) feet in width for a total of eight hundred forty-eight point seven five (848.75) square feet. Existing permanent enclosures is approximately one hundred nineteen (119) feet in height.
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 #1122557 herein granted the sum of seven thousand eight hundred ninety ($7,890.00) 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.
Authority herein given and granted for a period of five (5) years from and after 06/30/2014.
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