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 1540-1544 E. 68m Street, 1546-1556 E. 68th Street, and 6742-6758 S. Stony Island Avenue are owned by The Stony Group, LLC, an Illinois limited liability company ("Developer"); and
WHEREAS, the Developer proposes to use the portion of the alley to be vacated herein for creation of a landscaped courtyard 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 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 PUBLIC ALLEY LYING EAST OF AND ADJACENT TO LOT 21, LYING WEST OF AND ADJACENT TO LOTS 16 THROUGH 20, ALL IN BLOCK 2; LYING NORTH OF AND ADJACENT TO THE NORTH RIGHT-OF-WAY OF E. 68TH STREET; AND LYING SOUTH OF THE NORTH LINE OF LOTS 21 AND 22 IN BLOCK 2 EXTENDED EAST; ALL IN BASS AND EDMOND'S SUBDIVISION OF THE EAST 256 FEET OF THE NORTH HALF OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 23, TOWNSHIP 38 NORTH, RANGE 15 EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED DECEMBER 24, 1913, AS DOCUMENT 5327751, IN COOK COUNTY, ILLINOIS PARCEL CONTAINING 2,008 SQ FT. OR 0.046 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 ...
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