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Record #: SO2022-2919   
Type: Ordinance Status: Passed
Intro date: 9/21/2022 Current Controlling Legislative Body: Committee on Transportation and Public Way
Final action: 11/16/2022
Title: Approval of plat of Lincoln Yards North Resubdivision
Sponsors: Hopkins, Brian
Topic: PROPERTY - Plats - Resubdivision
Attachments: 1. SO2022-2919.pdf, 2. O2022-2919.pdf, 3. SO2022-2919 (V1).pdf
SUBSTITUTE SUBDIVISION ORDINANCE

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

SECTION 1. The Commissioner of the Chicago Department of Transportation ("Commissioner"), or her designee, is each hereby authorized and directed to approve a proposed Lincoln Yards North Resubdivision, being a resubdivision of certain lots owned by Alloy Property Company, LLC a Delaware limited liability company, Alloy Property Company 2 LLC a Delaware limited liability company, and 1511 W. Webster LLC, a Delaware limited liability company (collectively, the "Developers") and 1515 West Webster Owner LLC, a Delaware limited liability company, and generally bounded by W. Webster Avenue, N. Dominick Street, N. Kingsbury Street, the North Branch of the Chicago River (approximately W. Cortland Street) as legally described in the attached plat (EXHIBIT A, CDOT File: 32-02-20-3936) which, for greater certainty, is hereby made a part of this ordinance.

SECTION 2. The resubdivision shall be governed by and is subject to the conditions of Planned Development 1439 as approved by the City Council of the City of Chicago (the "City Council") on March 13, 2019, and the Lincoln Yards Redevelopment Agreement (the "Lincoln Yards RDA") among the City of Chicago ("City"), Fleet Portfolio, LLC, and Alloy Property Company, LLC, a Delaware limited liability company, authorized by the City Council on April 10, 2019, and published in the Journal of the Proceedings of the City Council for such date at pages 98094 through 98207, and recorded with the Office ofthe Recorder of Deeds of Cook County, Illinois, on April 26, 2019, as document 1911618059.

SECTION 3. The resubdivision shall be subject to the additional requirements identified in the "Temporary Easement Agreement for DWM Facilities" between the Developers and the City, acting by and through its Department of Water Management, in substantially the form hereto attached as EXHIBIT B and as further detailed in the Department of Water Managemen...

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