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 1300-1334 W. Kinzie Street are owned by Peppercorn 400, LLC an Illinois limited liability company ("Developer"); and
WHEREAS, the Developer proposes to use the portion of the street to be vacated herein for landscaping and parking; 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 those portions of public street, described in the following ordinance; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1.
PARCEL 1:
THAT PART OF W. KINZIE STREET LYING SOUTH OF AND ADJOINING LOT 49 IN BLOCK 1 IN SUBDIVISION OF LOT "E" OF COOK COUNTY CIRCUIT COURT PARTITION OF THE NORTHWEST QUARTER OF SECTION 8, TOWNSHIP 39 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED APRIL 2, 1856 AS DOCUMENT 69073, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF LOT 49 IN BLOCK 1 IN SAID SUBDIVISION OF LOT "E" OF COOK COUNTY CIRCUIT COURT PARTITION, SAID POINT ALSO BEING ON THE WEST LINE OF N. ELIZABETH STREET AS DEDICATED BY DOCUMENT 69073; THENCE SOUTH 00 DEGREES 16 MINUTES 37 SECONDS EAST, ALONG THE SOUTHERLY EXTENSION OF SAID WEST LINE, 30.70 FEET TO THE NORTH FACE OF AN EXISTING RETAINING WALL; THENCE SOUTH 89 DEGREES 56 MINUTES 27 SECONDS WEST, ALONG SAID LAST DESCRIBED LINE, 98.50 FEET TO A POINT ON THE SOUTHERLY EXTENSION OF THE COMMON LINE BETWEEN BLOCK 1 IN THE SUBDIVISION OF LOT "E" OF COOK COUNTY CIRCUIT COURT PARTITION AND BLOCK 7 IN THE SUBDIVISION OF BLOCKS 6 AND 7 ASSESSORS...
Click here for full text