COMMERCIAL VACATION ORDINANCE
WHEREAS, the City of Chicago ("City") is a home rule unit of local government pursuantto Article VII, Section 6 (a) ofthe 1970 Constitution ofthe State of Illinois and, as such, may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, the properties at 1532-1554 W. Fulton Street and 300-310 N. Justine Street are owned by TLP 1532 Fulton LLC, a Delaware limited liability company; and
WHEREAS, the properties at 1533-1565 W. Carroll Avenue, 1556-1566 W. Fulton Street, 314-324 N. Justine Street, 301-311 N. Ashland Avenue, and 315-325 N. Ashland Avenue are owned by TLP 325 North Ashland LLC, a Delaware limited liability company; and
WHEREAS, the two property owners (collectively, the "Developers") propose to use the alley to be vacated herein for the assembly ofthe lots and redevelopment; and
WHEREAS, the City Council of the City of Chicago, after due investigation and consideration, has determined thatthe nature and extent ofthe public use and the public interest to be subserved is such as to warrant the vacation of that portion ofthe public alley, described below; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. VACATION OF:
ALL OF THE EAST-WEST 15 FOOT WIDE PUBLIC ALLEY IN BLOCK 15 OF THE UNION PARK 2ND ADDITION TO CHICAGO, AS RECORDED MARCH 25,1857, ANTE-FIRE, IN THE WEST HALF OF THE SOUTHWEST QUARTER SECTION 8, TOWNSHIP 39 NORTH, RANGE 14 EAST, OF THE THIRD PRINCIPAL MERIDIAN; LYING NORTH OF AND ADJOINING THE SOUTH PORTION OF SAID BLOCK 15, SUBSEQUENTLY SUBDIVIDED; LYING SOUTH OF AND ADJOINING THE NORTH PORTION OF SAID BLOCK 15, SUBSEQUENTLY SUBDIVIDED; LYING EAST OF AND ADJOINING THE EAST RIGHT OF WAY ON N. ASHLAND AVENUE AS OPENED AND WIDENED BY ORDINANCE PASSED ON JANUARY 19, 1921, ORDER OF POSSESSION FEBRUARY 9, 1945, CIRCUIT COURT GENERAL NUMBER B-71144; AND LYING WEST OF AND ADJOINING THE WEST RIGHT OF WAY OF N. JUSTINE STREET; ALL IN...
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