COMMERCIAL VACATION 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 property at 4818-4820 N. Broadway is owned by 4818-4822 North Broadway Street LLC, an Illinois limited liability company; and
WHEREAS, the property at 4819-4821 North Magnolia Avenue is owned by UTA II LLC, a Delaware limited liability company ("Developer"); and
WHEREAS, 4818-4822 North Broadway Street LLC has quit claimed its interests in the subject alley to Developer, pursuant to a quitclaim deed recorded on January 16, 2019 as document 1901606050; and
WHEREAS, the Developer proposes to use the portion of the alley remnant to be vacated herein for loading and adjacent building upgrades; 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 that portion of the public alley described in this ordinance; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1.
VACATION OF THAT PART OF THE PUBLIC ALLEY LYING WEST OF AND ADJOINING LOT 5 AND EAST OF AND ADJOINING LOT 18 IN THE RESUBDIVISION OF BLOCK 1 (EXCEPT LOTS 1, 2 AND 3) IN RUFUS C. HALL'S ADDITION TO ARGYLE IN THE SOUTH HALF OF THE SOUTHWEST QUARTER OF SECTION 8, TOWNSHIP 40 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF, RECORDED JANUARY 16, 1891, PER DOCUMENT NUMBER 1408971, DESCRIBED AS FOLLOWS; BEGINNING AT THE SOUTHWEST CORNER OF LOT 5 AFORESAID, THENCE SOUTH 89 DEGREES, 56 MINUTES, 25 SECONDS WEST 16.00 FEET TO THE SOUTHEAST CORNER OF SAID LOT 18; THENCE NORTH 00 DEGREES 00 MINUTES, 40 SECONDS EAST ALONG THE EAST LINE OF LOT 18 AFORESAI...
Click here for full text