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Record #: O2021-4689   
Type: Ordinance Status: Passed
Intro date: 10/14/2021 Current Controlling Legislative Body: Committee on Transportation and Public Way
Final action: 11/17/2021
Title: Grant(s) of privilege in public way for Chicago Board of Trade of the City of Chicago, Inc.
Sponsors: Reilly, Brendan
Topic: PUBLIC WAY USAGE - Grants of Privilege
Attachments: 1. O2021-4689.pdf
ORDINANCE
CHICAGO BOARD OF TRADE OF THE CITY OF CHICAGO, INC. Acct. No.: 8472 -1 Permit No: BACP1578240

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

SECTION 1. Permission and authority are hereby given and granted to CHICAGO BOARD OF TRADE OF THE CITY OF CHICAGO, INC. upon the terms and subject to the conditions of this ordinance to maintain and use, as now constructed, nine (9) Concrete Wall(s) on the public right-of-way adjacent to its premises known as 141 W JACKSON BLVD.
Said Concrete Wall(s) at S. Financial Place measure(s):
One (1) at five (5) feet in length and one (1) feet in width for a total of five (5) square feet.
Eight (8) at ten point one five (10.15) feet in length and one (1) feet in width for a total of eighty-one point two (81.2) 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 shell be constructed in accordance with plans and specifications uppiuved by the Department of Transportation (Division of Project Development)Department of Transportation (Division of Project Development) and Department of Planning and DevelopmentDepartment of Transportation (Office of Underground Coordination), Department of Transportation (Division of Project Development), and Department of Planning and Development.
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 #BACP1578240 herein granted the sum of six thousand four hundred forty-seven ($6,447.00) 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...

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