TRANSMITTAL LETTER FOR BOARD MEETING OF SEPTEMBER 18, 2014
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Authority to issue a one-month permit extension to Olympic Oil Company on 3.1 acres of District real estate located at 5200 West 41st Street in Cicero, Illinois; Main Channel Parcel 39.09 for staging an environmental cleanup action. Consideration shall be $4,450.00
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Dear Sir:
On September 4, 2014, the Board of Commissioner's ratified the August 28, 2014, action of the Executive Director issuing a one-month permit to Olympic Oil Company ("Olympic") on 3.1 acres of District real estate located at 5200 West 41st Street in Cicero, Illinois and known as Main Channel Parcel 39.09 for temporary staging during an environmental cleanup action on its adjacent leasehold site. The permit was issued in response to Olympic's request for additional space for staging purposes as a result of a petroleum release on its leasehold. The permit is set to expire on September 27, 2014.
Olympic has requested an extension of its permit to allow it to continue to stage on Parcel 39.09 to help aid in its environmental cleanup action on its adjacent leasehold site. Parcel 39.09 is being used for the placement of equipment and vehicles necessary for the cleanup process. The USEPA and the IEPA are overseeing the environmental cleanup action. Olympic is under restrictive time constraints to satisfy both agencies in the cleanup process.
A permit extension fee of $4,450.00 is recommended as such fee represents the pro-rata share of 10% of the site's fair market value.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize and approve the issuance of a one-month permit extension to Olympic Oil Company on 3.1 acres of District real estate located at 5200 West 41st Street in Cicero, Illinois; Main Channel Parcel 39.09 for staging an environmental cleanup action. Consideration shall be $4,450.00.
It is also requested that the Executive Director recommend to the Board of Commissioners that it authorize the Chairman of the Committee on Finance and the Clerk to execute said permit extension agreement after it is approved by the General Counsel as to form and legality.
Requested, Ronald M. Hill, General Counsel, RMH:STM:ss
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 September 18, 2014
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