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, 1.811± acre non-exclusive easement to Prairie Power, Inc. to construct, reconstruct, operate, maintain, repair and remove a 1.25-inch conduit and fiber optic cable on District real estate located in Fulton County, Illinois, and known as Fields 19, 24 and 104 to provide telecommunication service to Prairie Power's St. David's substation. Consideration shall be an initial annual fee of $2,500.00
Body
Dear Sir:
Prairie Power, Inc. ("Prairie Power") operates and maintains an electrical substation located southwest of the Village of St. David, in Fulton County Illinois. Prairie Power has requested a 25-year easement on 1.811± acres to construct, reconstruct, operate, maintain, repair and remove a 1.25-inch conduit and fiber optic cable upon, over, under and across District real estate located in Fulton County, and known as Fields 19, 24 and 104 to reach Prairie Power's St. David's substation. The fiber optic cable will provide telecommunication service to the substation.
The District's technical departments have reviewed Prairie Power's request for an 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, 1.811± acre non-exclusive easement to Prairie Power, Inc. to construct, reconstruct, operate, maintain, repair and remove a 1.25-inch conduit and fiber optic cable on District real estate located in Fulton County, Illinois, and known as Fields 19, 24 and 104 to provide telecommunication service to Prairie Power's St. David's substation. 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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