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 transfer of an aviation cargo lease agreement.
Your favorable consideration of this ordinance will be appreciated.
Very truly yours,
Mayor
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 Aero Chicago, LLC ("Aero Chicago") entered into an Aero Chicago, LLC Phase I Cargo Facility Lease dated August 8,2012 (the "Original Phase I Lease") pursuant to which the City leased to Aero Chicago certain land at O'Hare upon which Aero Chicago was given the right to construct and develop certain air cargo facilities as provided in the Original Phase I Lease, and the City and Aero Chicago entered into an Amendment to Aero Chicago, LLC Phase I Cargo Facility Lease dated June 30, 2016 (the "Amendment") to amend the Original Phase I Lease (the Original Phase I Lease, as amended by the Amendment, is referred to in this ordinance as the "Phase I Lease"); and
WHEREAS, the City and Aero Chicago.also entered into an Aero Chicago, LLC Phase II Cargo Facility Lease dated as of April 26, 2016 (the "Phase II Lease") pursuant to which the City leased to Aero Chicago certain land at O'Hare adjacent to the leased premises under the Phase I Lease upon which Aero Chicago was given the right to construct and develop certain air cargo facilities as provided in the Phase II Lease; and
WHEREAS, the City and Aero Chicago Distribution Infrastructure, LLC ("Aero Distribution") entered into a Nor...
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