COMMERCIAL 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 501-527 W. Pershing Road, 535-559 W. Pershing Road, 3901-3937 S. Wallace Avenue, and 3900-3932 S. Normal Avenue are owned by Chicago Land Trust Company as successor Trustee to Lakeside Bank under the provisions of a Trust Agreement dated January 23, 2001, and known as Trust 10-2242 ("Developer"); and
WHEREAS, the Developer proposes to use the portion of the alley to be vacated herein for outdoor storage space for the Developer's adjacent plumbing business; and
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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 NORTH-SOUTH 20 FOOT PUBLIC ALLEY IN BLOCK 2 IN TAYLOR AND KREIGH'S SUBDIVISION OF THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 4, TOWNSHIP 38 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN RECORDED AUGUST 26, 1856 ANTE-FIRE, BOUNDED AND DESCRIBED AS FOLLOWS; BEGINNING AT THE NORTHEAST CORNER OF LOT 2 IN TAYLOR AND KREIGH'S SUBDIVISION; THENCE NORTH 88°32,34" EAST 20.00 FEET TO THE NORTHWEST CORNER OF LOT 1 IN TAYLOR AND KREIGH'S SUBDIVISION; THENCE SOUTH 01°36'38" EAST ALONG THE WEST LINES OF LOTS 1,4, 5 AND 8 IN TAYLOR AND KREIGH'S SUBDIVISION TO THE NORTHEAST CORNER OF THE 20 FOOT VACATED ALLEY PER DOCUMENT NUMBER 12588353; THENCE SOUTH 88°30'34" WEST ALONG THE NORTH LINE OF SAID VACATED ALLEY 20.00 FEET TO THE NORTHWEST CORNER THEREOF ALSO BEING A POINT ON THE EAST LINE OF LOT 7 IN TAYL...
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