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Record #: O2021-3881   
Type: Ordinance Status: Passed
Intro date: 9/14/2021 Current Controlling Legislative Body: Committee on Transportation and Public Way
Final action: 10/14/2021
Title: Grant(s) of privilege in public way for 227 Monroe Street, Inc.
Sponsors: Reilly, Brendan
Topic: PUBLIC WAY USAGE - Grants of Privilege
Attachments: 1. O2021-3881.pdf
ORDINANCE
227 MONROE STREET, INC Acct. No.: 287092-1 Permit No: BACP1546417

Be It Ordained by the City Council of the City of Chicago:

SECTION 1. Permission and authority are hereby given and granted to 227 MONROE STREET, INC upon the terms and subject to the conditions of this ordinance to maintain and use, as now constructed, four (4) Vault(s) under the public right-of-way adjacent to its premises known as 227 W MONROE ST.
Said Vault(s) at S. Franklin Street 1st Level measure(s):
One (1) at two hundred one (201) feet in length and ten (10) feet in width for a total of two thousand ten (2,010) square feet.
Said Vault(s) at 2nd Level measure(s):
One (1) at two hundred one (201) feet in length and ten (10) feet in width for a total of two thousand ten (2,010) square feet.
Said Vault(s) at W. Monroe Street 1st Level measure(s):
One (1) at two hundred twenty-seven point two five (227.25) feet in length and three point five (3.5) feet in width for a total of seven hundred ninety-five point three eight (795.38) square feet.
Said Vault(s) at 2nd Level measure(s):
One (1) at two hundred twenty-seven point two five (227.25) feet in length and three point five (3.5) feet in width for a total of seven hundred ninety-five point three eight (795.38) square feet.
The location of said privilege shall be as shown on prints kept on file with the Department of Business Affairs and Consumer Protection and the Office of the City Clerk.
Said privilege shall be constructed in accordance with plans and specifications approved by the Department of Transportation (Office of Underground Coordination).
This grant of privilege in the public way shall be subject to the provisions of Section 10-28-015 and all other required provisions ofthe Municipal Code of Chicago.
The grantee shall pay to the City of Chicago as compensation for the privilege #BACP1546417 herein granted the sum of twenty-six thousand three hundred seventy-one ($26,371.00) per annum in advance.
A 25% penalty will be added fo...

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