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ORDINANCE
WHEREAS, Chapter 4-17 of the Municipal Code of Chicago authorizes the establishment of Restricted Residential Zones pursuant to an opt-out process, which requires a petition to trigger an ordinance; and
WHEREAS, The requisite procedural requirements have been met; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. Pursuant to Sections 4-17-020 and 4-17-040 of the Municipal Code of Chicago ("Code"), the 29th Precinct of the 23rd Ward, as described herein, is hereby designated as a Restricted Residential Zone within the meaning of Chapter 4-17 of the Code. All new or additional shared housing units and vacation rentals shall be prohibited within the boundaries of such 29th Precinct, with such boundaries beginning at the southeast intersection of South Massasoit Avenue and West 55th Street, thence east on the south side of West 55th Street to the Indiana Harbor Belt Railroad, thence northeast on the Indiana Harbor Belt Railroad to the west side of South Central Avenue, thence south on the west side of South Central Avenue to the north side of West 59th Street, thence westerly on the north side of West 59th Street and West 59th Street (extended) to the east side of South Massasoit Avenue, thence north on the east side of South Massasoit Avenue to the north side of West 57th Street, thence west on the north side of West 57th Street to the east side of South Menard Avenue, thence north on the east side of South Menard Avenue to the alley directly north of West 56th Street, thence east on the alley directly north of West 56th Street to the east side of South Massasoit Avenue, and north on the east side of South Massasoit Avenue to the place of beginning.
SECTION 2. This ordinance shall take full force and effect upon its passage and publication, and shall remain in effect for four years follpwira its effective date.