ORDINANCE PRESIDENTIAL TOWERS Acct. No. 317070-1 Permit No. 1144059
Se It Ordained by the City Council of the City of Chicago:
SECTION 1. Permission and authority are hereby given and granted to PRESIDENTIAL TOWERS, upon the terms and subject to the conditions of this ordinance to maintain and use, as now constructed, three (3) Cornice(s) projecting over the public right-of-way adjacent to its premises known as 555 W. Madison St
Said Cornice(s) at S. Jefferson Street measure(s):
One (1) at fifty-two point six six (52.66) feet in length, and one point six six (1.66) foot in width for a total of eighty-seven point four two (87.42) square feet. Existing cornice is approximately twenty-five (25) feet above grade level.
Said Cornice(s) at W. Monroe Street measure(s):
One (1) at fifty-one (51) feet in length, and one point six six (1.66) foot in width for a total of eighty-four point six six (84.66) square feet. Existing cornice is approximately twenty-five (25) feet above grade level.
Said Cornice(s) at W. Monroe Street measure(s):
One (1) at twenty-seven point six six (27.66) feet in length, and one point six six (1.66) foot in width for a total of forty-five point nine two (45.92) square feet. Existing cornice is approximately twenty-five (25) feet above grade level.
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 (Division of Project Development).
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 #1144059 herein granted the sum of one thousand two hundred ($1,200.00) 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 12/16/2019.