ORDINANCE
The Michigan Avenue Lofts Condominium Association Acct. No. 68589 -1 Permit No. 1143037
Be It Ordained by the City Council ofthe City of Chicago:
SECTION 1. Permission and authority are hereby given and granted to The Michigan Avenue Lofts Condominium Association, upon the terms and subject to the conditions of this ordinance to maintain and use, as now constructed, two (2) Vault(s) under the public right-of-way adjacent to its premises known as 910 S. Michigan Ave
Said Vault(s) at E. 9th St. measure(s):
One (1) at sixty-seven (67) feet in length, and nine point six (9.6) feet in width for a total of six hundred forty-three point two (643.2) square feet.
Said Vault(s) at S. Michigan Ave. measure(s):
One (1) at one hundred twenty-seven (127) feet in length, and twenty-seven (27) feet in width for a total of three thousand four hundred twenty-nine (3429) 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 #1143037 herein granted the sum of six thousand five hundred seventy-four ($6,574.00) per annum in advance.
A 25% penalty will be added for payments received after due date.
The permit holder agrees to hold the City of Chicago harmless for any damage, relocation or replacement costs associated with damage, relocation or removal of private property caused by the City performing work in the public way.
Authority herein given and granted for a period of five (5) years from and/after 1iW7/2019
Alderman
Sopfna King 4tfi Ward
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