TRANSMITTAL LETTER FOR BOARD MEETING OF JUNE 4, 2015
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
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Authority to enter into a 39-year lease with the Village of Wheeling on an approximately two acre segment of the William Rodgers Memorial Diversionary Channel located southwest of the intersection of Milwaukee Avenue and Lake Cook Road in Wheeling, Illinois. Consideration shall be a nominal fee of $10.00
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Dear Sir:
The District owns two parcels of real estate consisting of approximately two acres located southwest of the intersection of Milwaukee Avenue and Lake Cook Road in Wheeling, Illinois. The parcels are not contiguous to each other but each parcel comprises a section of the William Rodgers Memorial Diversionary Channel ("Channel"). One parcel ("Parcel A") is located at the western end of Meadow Lane. The second parcel ("Parcel B") is located west of the intersection of Strong Street and Northgate Parkway. Both parcels were acquired by the District as part of a regional stormwater project that involved the construction of the Channel for the benefit of the Village of Wheeling ("Wheeling"). Wheeling assumed sole responsibility for the project in 1999 and has been maintaining the Channel since such time.
Wheeling has requested to lease the parcels and intends to use Parcel A as a footpath available for public use and Parcel B for stormwater management purposes.
The technical departments have no objections to leasing these sections of the Channel to Wheeling. A nominal fee of $10.00 is recommended as is customary under leases to municipal entities using District land for a public purpose.
Under 70 Illinois Compiled Statutes 2605/8c(11), the lease would be terminable upon the service of a one-year notice if the property becomes essential to the District's corporate needs.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize the District to enter into a 39-year lease with the Village of Wheeling on an approximately two acre segment of the William Rodgers Memorial Diversionary Channel located southwest of the intersection of Milwaukee Avenue and Lake Cook Road in Wheeling, Illinois. 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 said lease agreement after it is approved by the General Counsel as to form and legality.
Requested, Ronald M. Hill, General Counsel, RMH:STM:CMM: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 June 4, 2015
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