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Record #: SO2021-2898   
Type: Ordinance Status: Passed
Intro date: 6/25/2021 Current Controlling Legislative Body: Committee on Finance
Final action: 7/21/2021
Title: Bronzeville Lakefront Infrastructure Agreement with GRIT Chicago LLC for City-owned public improvements including park along E 31st Street on former Michael Reese Hospital campus
Sponsors: Lightfoot, Lori E.
Topic: AGREEMENTS - Miscellaneous
Attachments: 1. SO2021-2898.pdf, 2. O2021-2898.pdf

WHEREAS, the City of Chicago ("City") is a home rule unit of government by virtue of the provisions of the Constitution of the State of Illinois of 1970, and, as such, may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, GRIT Chicago LLC ("GRIT") is an Illinois limited liability company whose offices are located at 120 North Racine Avenue, Suite 1200, Chicago, Illinois 60607; and

WHEREAS, a substantially final proposed form of infrastructure agreement between the City and GRIT is attached hereto as Exhibit A (the "Infrastructure Agreement"); and
WHEREAS, the City is or shall be the owner of the public right of way and other real property depicted on Exhibit 1 to the Infrastructure Agreement (the "Public Improvements Property"); and
WHEREAS, the City wishes to authorize GRIT to prepare plans and specifications and implement such plans and specifications to construct certain public improvements (the "Public Improvements") on the Public Improvements Property pursuant to the Infrastructure Agreement (the "Work"); and
WHEREAS, GRIT shall be compensated for the Work on the Public Improvements pursuant to the Infrastructure Agreement; and
WHEREAS, as part of the Work, GRIT shall prepare or cause to be prepared plans, specifications, estimate of quantities, engineer's estimate, and ancillary engineering reports and analyses by duly licensed engineer(s) depicting the construction of the Public Improvements comprising the Work, which shall be reviewed and approved by the City prior to the commencement of the Work (the "Approved Plans and Specifications"); and
WHEREAS, pursuant to the Infrastructure Agreement, GRIT will perform the Work, or cause the Work to be performed, and engage third party contractors or subcontractors to cause the Work to be performed in accordance with the Approved Plans and Specifications and a budget for the Work are attached as Exhibit 2C to the Infrastructure Agreement; and

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