Office of the City Clerk - Record #: O2021-3893

• 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

Date	Journal Page Number	Action By	Action	Result
10/14/2021	37617	City Council	Passed	Pass
10/13/2021		Committee on Transportation and Public Way	Recommended to Pass
9/14/2021	36762	City Council	Referred

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 ...