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 04-17-040 ofthe Municipal Code of Chicago ("Code"), the 15th Precinct of the 13th 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 15h Precinct, with such boundaries beginning at the intersection of South Keeler Avenue and West 55th Street, thence east on West 55th Street to the alley east of South Komensky Avenue, thence south on the alley east of South Komensky Avenue to West 59th Street, thence west on West 59th Street to West Keeler Avenue and thence north on West Keeler Avenue to the place of the beginning.
SECTION 2. This ordinance shall take full force and effect upon its passage and publication, and shall remain in effect for four years following its effective date.