TRANSMITTAL LETTER FOR BOARD MEETING OF APRIL 3, 2014
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Authority to grant a 25-year, 20' x 40' non-exclusive easement to Commonwealth Edison Company to install, operate, maintain, repair and remove two 34Kv circuit breakers on District property located at 2211 Ashland Avenue in Evanston, Illinois; North Shore Channel Parcel 2.12. Consideration shall be an initial annual fee of $2,500.00
Body
Dear Sir:
Commonwealth Edison Company ("ComEd") has requested a 25-year, 20' x 40' non-exclusive easement to install, operate, maintain, repair and remove two 34Kv circuit breakers on District property located at 2211 Ashland Avenue in Evanston on a portion of North Shore Channel Parcel 2.12. ComEd's installation of its two 34Kv circuit breakers is necessary to provide additional ties to its existing sub-transmission lines near this location. A conduit will be installed to connect a feeder manhole to the circuit breakers and to interconnect same with the circuit breakers.
North Shore Channel Parcel 2.12 is under lease to the City of Evanston for public park purposes. The easement is, therefore, subject to Evanston's consent. Evanston has however indicated that it has no objection to the proposed ComEd easement on its leasehold.
The District's technical departments have reviewed ComEd's request to install two circuit breakers on Parcel 2.12 and have no objections thereto.
A fair market value fee on the easement premises would yield a fee less than the District's minimum $2,500.00 fee. The District's standard minimum initial annual fee of $2,500.00 is therefore recommended.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize the grant of a 25-year, 20' x 40' non-exclusive easement to Commonwealth Edison Company to install, operate, maintain, repair and remove two 34Kv circuit breakers on District property located at 2211 Ashland Avenue in Evanston, Illinois; North Shore Channel Parcel 2.12. Consideration shall be an initial annual fee of $2,500.00.
It is also requested that the Executive Director recommend to the Board of Commissioners that it authorize and direct the Chairman of the Committee on Finance and the Clerk to execute said easement agreement on behalf of the District after it is approved by the General Counsel as to form and legality.
Requested, Ronald M. Hill, General Counsel, RMH:STM:MM
Recommended, David St. Pierre, Executive Director
Respectfully Submitted, Mariyana T. Spyropoulos, Chairman Committee on Real Estate Development
Disposition of this agenda item will be documented in the official Regular Board Meeting Minutes of the Board of Commissioners for April 3, 2014
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