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 2700-2706 N. Elston Avenue, 2315-2325 W. Schubert Avenue, and 2300-2324 W. Logan Boulevard are owned by 2700 Elston LLC, an Illinois limited liability company; and
WHEREAS, the properties at 2710-2718 N. Elston Avenue are owned by 2710 Elston Development LLC (2700 Elston LLC and 2710 Elston Development LLC, together the "Developers"); and
WHEREAS, the Developers proposes to use the portion ofthe alleys to be vacated herein for construction of retail and commercial space with parking; 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 parts ofthe public alleys, described in this ordinance; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1.
VACATION OF: THE NORTHWESTERLY - SOUTHEASTERLY AND NORTHEASTERLY -SOUTHWESTERLY 16 FOOT WIDE PUBLIC ALLEY, LYING SOUTHEASTERLY OF THE SOUTHEASTERLY RIGHT-OF-WAY LINE OF W. SCHUBERT AVENUE; LYING SOUTHWESTERLY OF AND ADJOINING THE SOUTHWESTERLY LINE OF LOTS 22 TO 25, ALL INCLUSIVE, IN BLOCK 1 IN JONES SUBDIVISION OF LOT 6 IN SNOW ESTATE SUBDIVISION IN THE SOUTH WEST 1/4 OF SECTION 30, TOWNSHIP 40 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN, RECORDED OCTOBER 25,1889 AS DOCUMENT NUMBER 1176031; LYING SOUTHEASTERLY OF AND ADJOINING THE SOUTHEASTERLY LINE OF SAID LOT 22 IN BLOCK 1 IN SAID JONES SUBDIVISION OF LOT 6 IN SNOW ESTATE SUBDIVISION; LYING SOUTHWESTERLY AND ADJOINING OF THE SOUTHWESTERLY LINE OF N. ELSTON AVENUE; LYING NORTHWESTERLY OF AND ADJOINING THE NORTHWES...
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