COMMERCIAL ORDINANCE
WHEREAS, the City of Chicago ("City") is a home rule unit of local government pursuant to Article VII, Section 6 (a) ofthe 1970 constitution ofthe 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 716-718 N. Morgan Street and 723-733- N. Milwaukee Avenue are owned by 1001 Chicago, LLC, a Delaware limited liability company ("Developer"); and
WHEREAS, the Developer proposes to use the portion of the alley to be vacated herein for parking for the adjacent, new commercial building; and
WHEREAS, the City Council of the City of Chicago, after due investigation and consideration, has determined that the nature and extent ofthe public use and the public interest to be subserved is such as to warrant the vacation of those portions 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 EAST-WEST 12 FOOT WIDE PUBLIC ALLEY IN BLOCK 2 IN RIDGELY'S ADDITION TO CHICAGO IN SECTION 8, TOWNSHIP 39 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED AUGUST 20, 1859, AND RE-RECORDED SEPTEMBER 19, 1878, AS DOCUMENT 194914, LYING SOUTH OF THE SOUTH LINE OF LOT 6 IN SAID BLOCK 2 AND LYING NORTH OF THE NORTH LINES OF LOTS 1, 2 AND 3 IN SAID BLOCK 2, AND LYING WEST OF THE EAST LINE OF SAID BLOCK 2 AND LYING EAST OF THE EAST LINE OF THAT PART OF THE ALLEY AS VACATED BY DOCUMENT 87481208; IN COOK COUNTY, ILLINOIS. AREA HEREBY VACATED=926 SQUARE FEET OR 0.021 ACRES MORE OR LESS as shaded and legally described by the words "HEREBY VACATED" on the (plat hereto attached as Exhibit A, which plat for greater clarity, is hereby made a part of this ordinance, be and the same is hereby vacated and closed, inasmuch as the same is no longer required for public use and the public interest will be subserved by such vacation.
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