OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
March 29, 2017
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
At the request of the Commissioner of Aviation, I transmit herewith an ordinance authorizing a consent to a sublease agreement at the O'Hare Hilton.
Your favorable consideration of this ordinance will be appreciated.
Mayor
Very truly yours,
ORDINANCE
WHEREAS, the City of Chicago ("City"), a home rule unit of local government under the 1970 Constitution of the State of Illinois, owns and operates an airport known as Chicago O'Hare International Airport ("O'Hare") and possesses the power and authority to lease premises and facilities and to grant other rights and privileges with respect thereto; and
WHEREAS, the City and Midwestern Hotel, Inc. ("Midwestern") entered into a Lease Agreement dated as of December 1, 1988 (as supplemented and amended, the "Lease"), pursuant to which Midwestern leased from the City certain real property at O'Hare, including the Hilton Chicago O'Hare Airport Hotel (the "Leased Premises"); and
WHEREAS, pursuant to a Purchase and Sale Agreement dated as of August 9,1991, between Midwestern and Hilton Hotels Corporation ("Hilton"), Hilton purchased from Midwestern the leasehold estate of Midwestern under the Lease, and HLT O'Hare Inc. (the "Lessee") is the current lessee under the Lease; and
WHEREAS, the Lessee desires to enter into a sublease (the "Sublease") with Chicago O'Hare Lessee LLC (the "Sublessee") pursuant to which the Lessee will sublease the Leased Premises to the Sublessee, and the Lessee has requested the City to consent to such Sublease as provided in Section 14.04 of the Lease; and
WHEREAS, the City is willing to consent to the Sublease; now therefore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. The above recitals are incorporated by reference as if fully set forth here.
SECTION 2. The Commissioner of the Chicago Department of A...
Click here for full text