TRANSMITTAL LETTER FOR BOARD MEETING OF NOVEMBER 6, 2014
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Authority to enter into a 5-year lease with the Village of Stickney on 63.7± acres of District real estate located south of 39th Street and west of the Stickney Water Reclamation Plant; Main Channel Parcels 38.01, 38.02, 38.04, 38.05, 38.06 and 38.08 for public park and recreational purposes. Consideration shall be a nominal fee of $10.00
Body
Dear Sir:
The Village of Stickney ("Village") currently leases 63.7± acres of District real estate commonly known as Main Channel Parcels 38.01, 38.02, 38.04, 38.05, 38.06 and 38.08 under a 5-year lease which commenced on November 18, 2010, and expires on November 19, 2015. The land is used exclusively for public park and recreational purposes and is located south of 39th Street and west of the Stickney Water Reclamation Plant. The leasehold is improved with a baseball field and a Veteran's War Memorial. The lease was amended in 2013 to allow the Village to commemorate its 100-year anniversary and similar annual events no more than three times per year, including a carnival on parcel 38.01 and an annual fireworks display on parcel 38.04. The rent is a nominal fee of $10.00. The Village is requesting a new 5-year lease on all parcels upon expiration of the lease.
The current lease was issued for a 5-year period due to the parcels' proximity to the Stickney Water Reclamation Plant and possible future corporate use requirements. The technical departments have no objections to a new 5-year lease. The Village has requested that the new agreement be granted with the same terms and conditions as the previous agreement, as amended, which included a nominal fee and a waiver of the environmental insurance and indemnity bond.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize and approve the District to enter into a 5-year lease with the Village of Stickney on 63.7± acres of District real estate located south of 39th Street and west of the Stickney Water Reclamation Plant; Main Channel Parcels 38.01, 38.02, 38.04, 38.05, 38.06 and 38.08 for public park and recreational purposes. Consideration shall be a nominal fee of $10.00.
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 the lease 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:BEB: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 November 6, 2014
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