STREET & ALLEY VACATION ORDINANCE NOT FOR PROFIT
WHEREAS, the City of Chicago ("City") is a home rule unit of local government pursuant to 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 City wishes to support the charitable, educational and philanthropic activities of established not-for-profit corporations and encourage the continued viability and growth of such activities; and
WHEREAS, many not-for-profit corporations own property that adjoins streets and alleys that are no longer required for public use and might more productively be used in furtherance of such activities; and
WHEREAS, the City would benefit from the vacation of these little used or unused streets and alleys by reducing City expenditures on maintenance, repair and replacement; by reducing fly-dumping, vandalism and other criminal activity; and by providing support for such charitable, educational and philanthropic activities; and
WHEREAS, in addition, when the City vacates streets and alleys that revert to ownership by not-for-profit corporations engaged in charitable, educational and philanthropic activities, the City obtains additional financial benefits by building stronger, more productive communities and by being relieved ofthe cost of social services that it might otherwise have to support with public monies; and
WHEREAS, because the City obtains a net benefit from supporting and facilitating the activities of not-for-profit organizations in local communities, the City Council has determined it to be in the public interest to vacate the public way described below without compensation, where the abutting owner is a not-for-profit corporation engaged in charitable activities; and
WHEREAS, the properties at 5600-5658 S. Maryland Avenue, 5601-5659 S. Maryland Avenue and 5600-5658 S. Drexel Avenue, are owned by the University of Chicago, an Ill...
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