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Record #: SO2021-2142   
Type: Ordinance Status: Passed
Intro date: 5/26/2021 Current Controlling Legislative Body: Committee on Committees and Rules
Final action: 7/21/2021
Title: Approval of plat of Lincoln Yards South Resubdivision
Sponsors: Hopkins, Brian
Topic: PROPERTY - Plats - Resubdivision
Attachments: 1. SO2021-2142.pdf, 2. O2021-2142.pdf, 3. SO2021-2142 (V1).pdf

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 Lincoln Yards South Resubdivision, being a resubdivision of certain lots owned by Fleet Portfolio, LLC, a Delaware limited liability company, and commonly described as 1412-1416 W. Willow Street, 1696-1698 N. Ada Street, 1401-1403 W. Wabansia Street and 1232 W. North Avenue; and certain other lots owned by 1685 N. Throop, LLC, a Delaware limited liability company, and commonly described as 1701-1727 N. Throop Street, 1655-1699 N. Throop Street, and 1656-1698 N. Throop Street, (Fleet Portfolio, LLC and 1685 N. Throop, LLC, together, the "Developers"), in the area bounded approximately W. Concord Place, approximately W. Willow Street, N. Ada Street and the North Branch of the Chicago River as legally described in the attached plat (Exhibit A, CDOT File: 32-02-20-3940) which, for greater certainty, is hereby made a part of this ordinance.

SECTION 2. The resubdivision shall be governed by and is subject to the conditions of Planned Development 1438 as approved by the City Council of the City of Chicago (the "City Council") on March 13, 2019, and the Lincoln Yards Redevelopment Agreement (the "Lincoln Yards RDA") among the City of Chicago ("City"), Fleet Portfolio, LLC, and Alloy Property Company, LLC, a Delaware limited liability company, authorized by the City Council on April 10, 2019, and published in the Journal of the Proceedings of the City Council for such date at pages 98094 through 98207, and recorded with the Office of the Recorder of Deeds of Cook County, Illinois, on April 26, 2019, as document 1911618059.

SECTION 3. The resubdivision shall be subject to and conditioned upon the additional requirements identified in the "Temporary Easement Agreement for DWM Facilities" between 1685 N. Throop, LLC, a...

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