ORDINANCE
WHEREAS, The City of Chicago (the "City") is a home rule unit of government as defined in Article VII, ยง6(a) ofthe Illinois Constitution, and, as such, may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, The City owns and operates Chicago O'Hare International Airport (the "Airport") and possesses the power and authority to lease its premises and facilities and to grant other rights and privileges with respect thereto; and
WHEREAS, The City is vested with authority to provide for the needs of aviation, commerce, shipping, traveling to and around the Airport, to promote and develop the Airport, and, in the exercise of such power, to lease City-owned properties at the Airport, upon such terms and conditions as the corporate authorities ofthe City shall prescribe; and
WHEREAS, UST Investments, LLC d/b/a UST Aviation Services, LLC ("UST") provides line aircraft maintenance and aircraft re-positioning services for various airlines at the Airport, but owns no aircraft of its own; and
WHEREAS, the City and Delta Airlines", Inc. ("Delta") were previously parties to a certain long term lease ("Delta Lease") that expired on May 11, 2018, whereby Delta leased from the City hangar space at the Airport, and
WHEREAS, pursuant to that certain Delta Lease, Delta subleased its hangar space to UST under a long term ground and building lease that also expired on May 11, 2018, and
WHEREAS, On May 12, 2018, Delta entered into a Ground Lease for Aircraft Parking Premises Lease ("Delta Lease") with the City for use ofthe hangar apron/ramp area, but not for the hangar facility it previously subleased to UST; and
WHEREAS, UST now desires to continue to lease from the City the same hangar area it previously subleased from Delta, consisting of an approximately 126,518 square foot hangar facility ("UST Premises"); and
WHEREAS, The City desires to enter into a ground and building lease for the UST Premises in substantially the ...
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