SUBDIVISION ORDINANCE
Be it Ordained by the City Council of the City of Chicago:
SECTION 1. The Commissioner of the Chicago Department of Transportation ("Commissioner"), or her designee, is hereby authorized and directed to approve a proposed C.K. Construction Resubdivision being a resubdivision of certain lots owned by Spaulding Sawyer LLC ("Developer") in the block bounded by W. 112th Place, W. 114th Street, S. Spaulding Avenue and S. Sawyer Avenue, and legally described in the attached plat (Exhibit A, CDOT File: 23-19-19-3922) which, for greater certainty, is hereby made a part of this ordinance.
SECTION 2. The Commissioner is authorized to accept as new public way, a dedication of certain property owned by the Developer and legally described in Exhibit A. The dedication herein provided for is made upon the express condition that within one hundred eighty (180) days after the passage of this ordinance and its related documents, and prior to recording, the Developer shall: 1) deposit in the City Treasury of the City of Chicago, a sum quoted by the City sufficient to defray the cost of work to the public way including full street construction of the area herein dedicated, a half-cul-de-sac construction oh same, paving, curb, and related appurtenances associated with its project, as assurance in the event that the Developer defaults in the obligation to construct the directed improvements in accordance with the most current version of the Chicago Department of Transportation's Regulations for Opening, Repair and Construction in the Public Way and its appendices, and in accordance with the executed Duty to Build Agreement attached herein and made a part of this ordinance as Exhibit B; and 2) submit for field inspection and approval of Developer's construction of said improvements, to the CDOT Division of Infrastructure Management, Construction Compliance Unit, Room 905 City Hall, for return of the monies deposited, less processing fees (if any).
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