COMMERCIAL VACATION ORDINANCE
WHEREAS, the City of Chicago ("City") is a home rule unit of local government pursuant to Article Vll, Section 6 (a) ofthe 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 approximately 2500-2530 S. Corbett Street, and 2501-2531 S. Corbett Street are owned by 2500 South Corbett Corporation ("Developer"); and
WHEREAS, the Developer proposes to use the portion ofthe deadended street to be vacated herein as a driveway for the adjacent buildings; and
WHEREAS, the City Council ofthe 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 that portion of the public street, described in the following ordinance; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO; SECTION 1.
VACATION OF:
ALL THAT PART OF NORTH-SOUTHERLY 60 FOOT WIDE PUBLIC RIGHT OF WAY OF S. CORBETT STREET, FORMERLY KNOWN AS 'SALT STREET' AND 'HOUGH PLACE', BEING 60.00 FEET WIDE, IN THE EAST HALF OF THE NORTHEAST QUARTER OF SECTION 29, TOWNSHIP 39 NORTH, RANGE 14 EAST OF THE THIRD PRINCIPAL MERIDIAN, LYING NORTH OF AND ADJOINING THE NORTHERLY LINE OF THE CHICAGO AND ALTON RAILROAD, CONVEYED BY WARRANTY DEED RECORDED JUNE 22, 1886 AS DOCUMENT NUMBER 728491, IN THE CITY OF CHICAGO, COOK COUNTY, ILLINOIS, SAID DESCRIBED PARCEL CONTAINING 19,370 SQUARE FEET OR 0.445 ACRES, MORE OR LESS, as shaded and legally described by the words "HEREBY VACATED" on the plat hereto attached as Exhibit A, which plat for greater clarity, is hereby made a part of this ordinance, be and the same is hereby vacated and closed, inasmuch as the same is no longer required for public use and the public interest will be subserved by such vacation.
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SECTION 2. The City of Chicago hereby reserves for...
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