COMMERCIAL VACATION 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 501-511 N. Aberdeen Street and 500-516 N. Aberdeen Street are owned by 1100 W. Grand LLC, a Delaware limited liability company, licensed to transact business in Illinois ("Developer"); and
WHEREAS, the Developer proposes to use the portion of the street to be vacated herein for vehicle circulation, and possible future commercial and/or residential development; 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 street, described in the following ordinance; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. Legal Description
THAT PART OF ABERDEEN STREET LYING NORTH OF THE NORTH LINE OF ABERDEEN STREET AS VACATED BY ORDINANCE PASSED JULY 19,1989 AND RECORDED OCTOBER 17, 1989 AS DOCUMENT 89492253 IN THE OFFICE OF RECORDER OF DEEDS OF COOK COUNTY, ILLINOIS; LYING WEST OF AND ADJOINING THAT PART OF THE WEST LINE OF LOT 11 IN BLOCK 23 IN OGDEN'S ADDITION TO CHICAGO (ANTE-FIRE) IN THE NORTHEAST 1/4 OF SECTION 8, TOWNSHIP 39 NORTH, RANGE 14, EAST OF THE THIRD PRINCIPAL MERIDIAN; LYING EAST OF THAT PART OF THE EAST LINE OF LOT 9 IN BLOCK 24 IN SUBDIVISION OF (ANTE-FIRE) BLOCK 9,10, 24 TO 27,40 TO 42 AND SOUTHWEST PART OF 43 IN OGDEN'S ADDITION TO CHICAGO AFOREMENTIONED, DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHWEST CORNER OF LOT 9; THENCE NORTH 00 DEGREES 30 MINUTES 00 SECONDS WEST ALONG THE WEST LINE OF LOTS 7, 8 AND 9 IN BLOCK 24 IN SUBDIVISION OF BLOCK 9, 10, 24 TO 27, 40 TO 42 AND SOUTHWEST PART OF 43 IN OG...
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