INDUSTRIAL ORDINANCE
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 has experienced a significant loss of industry and jobs, in recent years, accompanied by a corresponding erosion of its tax base, due in part to industrial firms' inability to acquire additional property needed for their continued viability and growth; and
WHEREAS, many industrial firms adjoin streets and alleys that are no longer required for public use and might more productively be used for plant expansion and modernization, employee parking, improved security, truck loading areas or other industrial uses; and
WHEREAS, the City can strengthen established industrial areas and expand the city's jobs base by encouraging the growth and modernization of existing industrial facilities through the vacation of public streets and alleys for reduced compensation; and
WHEREAS, the properties at 4608-4658 W. Arthington Street, are owned by K-Town Business Centre, LLC, an Illinois limited liability company ; and
WHEREAS, the properties at 4607-4659 W. Arthington Street, 901-911 S. Kilpatrick Avenue, 918-923 S. Kilpatrick Avenue, and 4610-4658 W. 5th Avenue are owned by K-Town Business Centre 2, LLC an Illinois limited liability company; and
WHEREAS K-Town Business Centre, LLC, an Illinois limited liability company, and K-Town Business Centre 2, LLC an Illinois limited liability company shall for purposes of this ordinance collectively be known as "the Developers"; and
WHEREAS, the Developers employ 40 full-time employees; and
WHEREAS, the Developers propose to use the portion of the street and alley to be vacated herein for access to, truck routing for and construction of a 60,000 square foot manufacturing and distribution warehouse; and
WHEREAS, the City Council of t...
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