COMMERCIAL VACATION ORDINANCE (WITH PUBLIC WAY EASEMENT)
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 1546-1556 N. Clark Street and 101-115 W. North Avenue are owned by 1550 North Clark (Chicago) Owner, LLC, a Delaware limited liability company ("Developer"); and
WHEREAS, the Developer proposes to use the portion ofthe streets and alley to be vacated herein for the construction of a mixed use building consisting of condominium units, parking, and ground floor retail in accordance with Planned Development 1272 as approved by the City Council ofthe City of Chicago on January 13, 2016 and appearing on Journal Pages 17390 through 17405; 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 the public streets and 20' north-south alley, described in this ordinance; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1.
VACATIONS: PARCEL 1:
THE VACATION OF THAT PART OF N. CLARK STREET EAST OF AND ADJOINING LOT 7 IN SUBDIVISION OF LOT 108 (EXCEPT THE SOUTH 120 FEET THEREOF) OF BRONSON'S ADDITION TO CHICAGO, IN THE NORTHEAST 1/4 OF SECTION 4, TOWNSHIP 39 NORTH, RANGE 14, EAST OF THE THIRD PRINCIPAL MERIDIAN, ACCORDING TO THE PLAT THEREOF RECORDED SEPTEMBER 17,1875 AS DOCUMENT 49410 IN BOOK 11, PAGE 10, DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTHEAST CORNER OF LOT 7 AFORESAID; THENCE EAST ALONG THE EASTERLY EXTENSION OF THE NORTH LINE OF SAID LOT 7, BEING ALSO THE EASTERLY EXTENSION OF THE SOUTH LINE OF W. NORTH AVENUE, 4.33 FEET TO THE INTERSECTION WITH A LINE DRAWN 4.33 FEET (MEAS...
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