TRANSMITTAL LETTER FOR BOARD MEETING OF APRIL 23, 2015
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Authorization to commence statutory procedures to lease approximately 44.8 acres of District real estate located east and west of Harlem Avenue and north and south of the Main Channel in Lyons and Forest View, Illinois; Main Channel Parcels 35.02, 35.03, 35.04, and 37.03
Body
Dear Sir:
The Law Department has received a request from Cub Terminal LLC ("Cub") to lease approximately 44.8 acres of District real estate located east and west of Harlem Avenue and north and south of the Main Channel in Lyons and Forest View, Illinois and known as Main Channel Parcels 35.02, 35.03, 35.04, and 37.03. The site is currently vacant. The requested use is for intermodal and container storage and servicing. The requested term is for 39 years.
The District's technical departments have reviewed the lease request and have indicated that the subject sites are not needed for corporate use nor do they have any technical objections thereto.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize and direct the General Counsel to commence statutory procedures to lease approximately 44.8 acres of District real estate located east and west of Harlem Avenue and north and south of the Main Channel in Lyons and Forest View, Illinois; Main Channel Parcels 35.02, 35.03, 35.04, and 37.03 upon the terms and conditions set forth herein.
Requested, Ronald M. Hill, General Counsel, RMH:SM: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 April 23, 2015
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