COMMERCIAL DEDICATION/VACATION AND PUBLIC WAY EASEMENT ORDINANCE
WHEREAS, the City of'".Chicago ("City,1;J is a home rule unit of local government pursuant to Article VII, Section:6 (a) of the i970.; Constitution of the: State iof jllihois-ahd, as such, may exercise any. power and perform any function, pertaining to. its;g6vefhrnent and affairs; and
WHEREAS, the properties located ,at 158-182 N. May .Street; 1133-:1157 W, Lake Street, and 169-183 N. Racine Avenue are owned by Lake Street; Corporation, an Illinois .corporation, formerly-known as Leon's Sausage Company; and
WHEREAS,the properties located at 1132-1140 W. Randolph Street and 148-154 N. May Street, are owned by Randnob Holdings LLC, a Delaware limited liability company; and
WHEREAS Lake Street Corporation and' Randnob Holdings LLC shall hereafter be referred to as, the "Developers"; and
WHEREAS, the Developers !prppose;tb: use the portion of the alley remnant to be vacated therein -for construction !0.f. -a mixed'-use' retail development; jri accordance :with the; associated Planned Development; and
WHEREAS, 'the City, [Council of the; City; after due. investigation and consideration,
has determihedrthat the*'hature and extent of. the public use and theipublic inter,.e.si;to)',be.subserved
is;.such as to warrant, the vacation*of that p^rtibn-of.'the.p^ acceptance of the new
alley dedication, as described in this ordinance;1 now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE, CITY OF CHICAGO:
SECTION 1. The Commissioner of the Department of f ransportatiori, or any of her designees, is each, hereby authorized and directed to approve a dedication of certain property owned by Lake Street Corporation, for cpn.strUctio'nlan'd^.useias a new east-west; 10-fbot.wide public* alley, in the location as consented' to by the adjacenf.title holder in EXHIBIT D, as legally described below and labeled as "HEREBY DEDICATED" on; the Plat of Dedication .hereto attached as EXHIBIT A.
THAT PART OF LOT ...
Click here for full text