TRANSMITTAL LETTER FOR BOARD MEETING OF NOVEMBER 6, 2014
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Consent to the Westchester Park District's early surrender of its 39-year lease agreement on 2.46 acres of District real estate located adjacent to the Mayfair Reservoir in the Village of Westchester for public recreational use. Consideration shall be $10.00
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Dear Sir:
The Westchester Park District ("Park District") currently leases the subject 2.46 acres under a 39-year lease that commenced September 20, 2001, and expires September 19, 2040. The lease is for public recreational use and contains playground equipment. The annual rent is $10.00.
On April 17, 2014, the Board of Commissioners authorized the District to enter into an Intergovernmental Agreement for construction, operation and maintenance of the expansion of the Mayfair Reservoir and additional storm sewer relief in Westchester under Phase II of the Stormwater Management Program to alleviate area flooding. The expansion area will encompass the Park District's leasehold site. The Park District is supportive of the reservoir expansion project and has, therefore, requested to surrender its lease.
It is requested that the Executive Director recommend to the Board of Commissioners that it consent to the Westchester Park District's early surrender of its 39-year lease agreement on 2.46 acres of District real estate located adjacent to the Mayfair Reservoir in the Village of Westchester for public recreational use. Consideration shall be $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 Consent to the Surrender Agreement, and any other related documents, on behalf of the District after they are approved by the General Counsel as to form and legality.
Requested, Ronald M. Hill, General Counsel, RMH:SM: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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