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Record #: O2021-3893   
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 UST Prime 111 Hotel Owner LP
Sponsors: Reilly, Brendan
Topic: PUBLIC WAY USAGE - Grants of Privilege
Attachments: 1. O2021-3893.pdf
ORDINANCE
UST PRIME 111 HOTEL OWNER, L.P. Acct. No.: 351272-1 Permit No: BACP1560357

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

SECTION 1. Permission and authority are hereby given and granted to UST PRIME 111 HOTEL OWNER, L.P. upon the terms and subject to the conditions of this ordinance to maintain and use, as now constructed, three (3) Vault(s) under the public right-of-way adjacent to its premises known as 151 W ADAMS ST.
Said Vault(s) at W. Adams measure(s):
One (1) at two hundred eighty-three (283) feet in length and fourteen (14) feet in width for a total of three thousand nine hundred sixty-two (3,962) square feet.
Said Vault(s) at S. Wells measure(s):
One (1) at one hundred twenty-nine (129) feet in length and fourteen (14) feet in width for a total of one thousand eight hundred six (1,806) square feet.
Said Vault(s) at S. La.Salle measure(s):
One (1) at one hundred eighty (180) feet in length and fourteen (14) feet in width for a total of two thousand five hundred twenty (2,520) 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 of the Municipal Code of Chicago.
The grantee shall pay to the City of Chicago as compensation for the privilege #BACP1560357 herein granted the sum of seventy-one thousand eight hundred one ($71,801.00) per annum in advance.
A 25% penalty will be added for payments received after due date.
The permit holder agrees to hold the City of Chicago harmless for any damage, relocation or replacement costs associated with damage, relocation or removal of private property caused by the City performing ...

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