, 1876-10-01

The Council Committee having the Lake
Front nzatter in charge have reported the |
following resolutions, which have been made
the special order for the next meeting:
Rtsozred, That the proposition Of the Illinois
Central Railroad to purchase that portion OF the
Lake Front bounded On the north by Randolpn
street. on the east by the west line OF the right OF
way of said Railroad Company, on the south oy Inc
north line OF Monroe street, and on the west oy
the east line Of Michigan avenue, for $780, Goo, be
accepted.
Resolred, That, in order to carry out the above
resolution the matter Of the dissolution OF the In
junction be referred to the Mayor and Comptroller,
who are hereby directed to compound and settle
with the authorized attorney or representatives OF
+he nrnnerty owners now having control OF the lit
icaton and proceedings in the United States CoufE
for the Northern District OF Illinois, in which the
Injunction was obtained in the name OF the unltea
States, and that out OF the first money recesed On
such sale they De authorized to reimburse eacn
property-owncr their costs and expenses in sala
suit and that they discharge out Of said money all
such sums or claims which in their discretion may
| secm lust and necessary to obtain and effect the
dissolution OF said injunct1on and the dismissal OF
all pending suits in any court OF this STATE or Tue
United States providing the entire expenditure to
| c1ear IN the title shall not exceed the sum OF
S100, 600.
OF course the interests Of the city all de-
mand the sale of the three blocks now lying
idle and unused on the Lake Front, and it
would be better to sell them for 100000
than not to sell them at all. This is what
the resolution amounts to, for there Is no
doubt that the full amount Of $lO0,ooo
authorized to be expended among the prop
ertv.owners would all be absorbed before the
Injunction could be definitely got out OF tbs
vay, But there are objections to pursuing
the plan proposed The public will naturally
resent the payment of money which ought to
belong to the city to q number OF private
individuals who, ms tead Of being dam
ared. will be benefited by the sale
of the property and the location OF
a depot thereon. These owners are
now paying taxes on property which does
not bring them in one dollar, and which does
not promise to do so as long as the present
situation remains unchanged. The property
which it is proposed to sell is not now, and
ran never be made, available or desirable Tor
nublic park uses, which is the only theory
m which a number of the owners OF aout-
ting property have claimed damage YET
| very few OF these gentel1eu n0'o oo.
} an Injunction in the name OF the unltee
stotes-haye sort of s'corner," in factor
the city, and there seems to be NJ
} means of getting them and thei'
! Injunction out Of the way except %
! paving them for the benefits they will en]o!
) from the sale. There will be an 1ndlspo
9 sition On the part Of the public to gratl.
this creed. But another objection is toun'
9 in the probability that those property-own
Q ers who have Withdrawn their opposition
o will renew it when they find there is an
IS money to be distributed; so it is extremel
y doubtful whether even the $1,000 wonl
Is 90 around. There is only one comto1
o about the present phase Of the ma =:
e ter. We are satisfied that q large mn]or1t
:; of the Council are intelligent and homes
n men,-a satisfaction We haven't enjoyed II
le some years,-and their decision will be mac
r. up on their Judgment Of what is best Tor IL
in city to do. But we confess dislncllnat1o
re- to advise division Of the money with me
h who will only be benefited by the SALE