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 properties at 2049-2063 W. Dominick Street, 2065-2077 W. Dominick Street, 1414-1430 W. McLean Avenue, 1423-1425 W. Dickens Avenue, and 1431-1443 W. Dickens Avenue are owned by Alloy Property Company LLC, a Delaware limited liability company ("Developer"); and
WHEREAS, the property at 1427-1429 W. Dickens is owned by 2011 N. Southport Avenue LLC, a Delaware limited liability company, which has quit claimed its interests in the alley to the Developer as document number 1819029377, recorded July 9, 2018; and
WHEREAS, the Developer proposes to use the portion of the alley remnant to be vacated herein, and the surrounding lots, for a mixed use development; and
WHEREAS, the City Council of the City of Chicago, after due investigation and consideration, has determined that the nature and extent ofthe public use and the public interest to be subserved is such as to warrant the vacation of that portion ofthe public alley, described in the following ordinance; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1.
THE VACATION OF ALL THAT PART OF THE EAST-WEST 16-FOOT PUBLIC ALLEY, LYING SOUTH OF THE SOUTH LINE OF LOTS 15 TO 20, BOTH INCLUSIVE; AND LYING NORTH OF THE NORTH LINE OF LOTS 22 TO 24, BOTH INCLUSIVE; AND LYING WEST OF A LINE DRAWN FROM THE SOUTHWEST CORNER OF LOT 14 TO THE NORTHWEST CORNER OF LOT 25 SAID LINE BEING ALSO THE WEST LINE OF THAT PART OF SAID EAST-WEST ALLEY VACATED BY ORDINANCE PASSED MARCH 9, 1995 AND RECORDED AUGUST 30,1995 AS DOCUMENT NO. 95574351; AND LYING EAST OF A LINE DRAWN FROM THE SOUTH MOST WEST CORNER OF LOT 20 TO THE NORTHWEST CORNER OF LOT 22; ALL IN BLOCK 4 IN W. F. DOMINICK'S SU...
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