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Record #: O2019-8790   
Type: Ordinance Status: Passed
Intro date: 11/13/2019 Current Controlling Legislative Body: Committee on Transportation and Public Way
Final action: 12/18/2019
Title: Grant(s) of privilege in public way for 701 North Michigan LLC
Sponsors: Reilly, Brendan
Topic: PUBLIC WAY USAGE - Grants of Privilege
Attachments: 1. O2019-8790.pdf
ORDINANCE
701 NORTH MICHIGAN, LLC Acct. No. 342890 -1 Permit No. 1142846

Be It Ordained by the City Council of the City of Chicago:
SECTION 1. Permission and authority are hereby given and granted to 701 NORTH MICHIGAN, LLC, upon the terms and subject to the conditions of this ordinance to maintain and use, as now constructed, four (4) Vault(s) under the public right-of-way adjacent to its premises known as 701 N. Michigan Ave
Said Vault(s) at N. Michigan 1st Level measure(s):
One (1) at one hundred two point five (102.5) feet in length, and nine point five (9.5) feet in width for a total of nine hundred seventy-three point seven five (973.75) square feet.
Said Vault(s) at N. Michigan 2nd Level measure(s):
One (1) at one hundred two point five (102.5) feet in length, and nine point five (9.5) feet in width for a total of nine hundred seventy-three point seven five (973.75) square feet.
Said Vault(s) at E. Huron 1st Level measure(s):
One (1) at one hundred thirty (130) feet in length, and nine point five (9.5) feet in width fora total of one thousand two hundred thirty-five (1235) square feet.
Said Vault(s) at E. Huron 2nd Level measure(s):
One (1) at one hundred thirty (130) feet in length, and nine point five (9.5) feet in width for a total of one thousand two hundred thirty-five (1235) square feet.
The location of said privilege shall be as shown on prints kept on file with the Department of Business Affairs and Consumer Protection and the Office of the City Clerk.
Said privilege shall be constructed in accordance with plans and specifications approved by the Department of Transportation (Office of Underground Coordination).
This grant of privilege in the public way shall be subject to the provisions of Section 10-28-015 and all other required provisions of the Municipal Code of Chicago.
The grantee shall pay to the City of Chicago as compensation for the privilege #1142846 herein granted the sum of twenty-two thousand thirty-eight ($22,038.00) per annum in adv...

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