COMMERCIAL ORDINANCE
WHEREAS, the City of Chicago ("City") is a home rule unit of local government pursuant to Article VI I, 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 1236-1248 W. Fulton Street are owned by ELA Associates, L.L.C, an Illinois Limited Liability Company; 1224-1234 W. Fulton Street is owned by 1230 West, LLC; 1219-1226 W. Carroll Avenue is owned by Fulton/Racine Property LLC, an Illinois LLC; and 1227-1249 W. Carroll Avenue is owned by Chicago Title Land Trust as successor to North Star Trust Company as trustee under Trust Number 25948 (together the "Developers"); and
WHEREAS, the Developers propose to use the portion of the alley to be vacated herein as a limited access driveway, for which a permit will be secured; 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 the remainder of the 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 5 THROUGH 16; LYING NORTH OF AND ADJOINING THE NORTH LINE OF LOTS 17 THROUGH 28; LYING EAST OF AND ADJOINING THE EAST RIGHT OF WAY LINE OF N. ELIZABETH ST.; AND LYING WEST OF AND ADJOINING THE WEST LINE OF THAT PORTION OF THE EAST-WEST 18-FOOT WIDE PUBLIC ALLEY VACATED BY ORDINANCE DATED JANUARY 16, 2016 AND RECORDED ON FEBRUARY 26, 2016 AS DOCUMENT NUMBER 1605718052, ALL INCLUSIVE, IN BLOCK 3 IN MAG IE 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 COU...
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