TRANSMITTAL LETTER FOR BOARD MEETING OF SEPTEMBER 18, 2014
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Authority to acquire easement interests in the real estate commonly known as 5424 and 5428 West 129th Street in Crestwood, Illinois comprising .481 acres related to the construction of the Flood Control/Streambank Stabilization Project on Tinley Creek in Crestwood, Illinois from Mangan Realty, Inc., the owner of said real estate, in connection with Contract 10-883-AF in consideration of repaving its parking lot after the project is completed at a cost of approximately $35,000.00 plus closing and title costs, Account 501-50000-667340, Stormwater Management Fund
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Dear Sir:
On June 7, 2012, the Board of Commissioners adopted Ordinance No. R12-005 establishing the right-of-way for the construction, operation and maintenance of a flood control and streambank stabilization project on Tinley Creek in Crestwood, Illinois, in part of Section 33, Township 37 North, Range 13, East of the Third Principle Meridian in Cook County, Illinois.
The Flood Control/Streambank Stabilization Project ("Project") will afford the residents of the community an immediate improvement in the quality of service provided by the District through removal of approximately 173 structures from the regulatory floodplain, as well as the protection of several structures and critical infrastructure from streambank erosion.
Said ordinance authorized and directed the Executive Director to negotiate with the respective owners and parties in interest of the real estate within the established right-of-way for the purpose of acquiring easements for the real estate necessary for the Project. Two of the said parcels are owned by Mangan Realty, Inc. ("Mangan"), located at 5424 and 5428 West 129th Street in Crestwood, Illinois. Mangan has agreed to grant a permanent easement consisting of .304 acres and two temporary easements of .177 acres to the District in consideration for the District repaving its parking lot after the Project is finished. The approximate cost of repaving the parking lot is $35,000.00.
Accordingly, it is requested that the Executive Director recommend to the Board of Commissioners that it adopt the following orders:
1. That the subject easement interests be acquired by the District in consideration of repaving Mangan's parking lot in the approximate amount of $35,000.00 after the Project
is finished plus closing and title costs;
2. That the General Counsel be authorized and directed to execute and deliver all other documents and take such actions as may be necessary to effectuate said purchase and
to attain possession of said property.
Requested, Ronald M. Hill, General Counsel, RMH:STM:MLD:TN:vp
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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