TRANSMITTAL LETTER FOR BOARD MEETING OF DECEMBER 18, 2014
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Authority to grant a 25-year, 3.806± acre non-exclusive easement to Prairie Power, Inc. to continue to operate, maintain, repair and remove an electrical transmission line on District real estate located west of County Highway 22, in Canton, Fulton County, Illinois to continue to provide electrical service to the Illinois River Correctional Center. Consideration shall be an initial annual fee of $2,500.00
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Dear Sir:
Prairie Power occupies 3.806± acres of District real estate located west of Highway 22 in Fulton County, Illinois under a 25-year easement that commenced August 1, 1990, and expires on July 31, 2015. The easement provides electrical service to the Illinois River Correctional Center. Prairie Power paid a one-time fee of $3,255.50 at the time the easement commenced.
Prairie Power has requested a new 25-year non-exclusive easement to continue to operate, maintain, repair and remove its electrical transmission line to continue to provide electrical service to the Illinois River Correctional Center.
The District's technical departments have reviewed Prairie Power's request for a new easement and have no objections thereto.
A fair market value fee of the easement premises would yield a fee less than the District's minimum $2,500.00 fee. The District's standard minimum 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, 3.806± acre non-exclusive easement to Prairie Power, Inc. to continue to operate, maintain, repair and remove an electrical transmission line on District real estate located west of County Highway 22, in Canton, Fulton County, Illinois to continue to provide electrical service to the Illinois River Correctional Center. 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 the Chairman of the Committee on Finance and the Clerk be authorized and directed to execute said easement agreement after it is approved by the General Counsel as to form and legality.
Requested, Ronald M. Hill, General Counsel, RMH:STM:NPE: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 December 18, 2014
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