ORDINANCE
ONE NORTH DEARBORN PROPERTIES, LLC Acct. No. 88437 - 1 Permit No. 1097464
Be It Ordained by the City Council of the City of Chicago:
SECTION 1. Permission and authority are hereby given and granted to ONE NORTH DEARBORN PROPERTIES, LLC, 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 1 N. Dearborn St Said existing vaulted space is located under and along the northwest side of the property at 4 North State Street.
Level Number # 1 is used for retail space and is one hundred four (104) feet in length and twenty-two (22) feet in width for a total of two thousand two hundred eighty-eight (2,288) square feet.
Level Number* 2 is used for storage and is one hundred four (104) feet in length and twenty-two (22) feet in width for a total of two thousand two hundred eighty-eight (2,288) square feet.
Level Number # 3 is used for utilities and is eighty (80) feet in length and twenty-two (22) feet in width for a total of one thousand seven hundred sixty (1,760) 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 #1097464 herein granted the sum of eight thousand four hundred seventy-five ($8,475.00) 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 associat...
Click here for full text