TRANSMITTAL LETTER FOR BOARD MEETING OF OCTOBER 15, 2015
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Authority to issue a 30-day permit to Cub Terminal, LLC to conduct soil borings on 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, 37.03. Consideration shall be $2,500.00
Body
Dear Sir:
Cub Terminal, LLC (“Cub”) has requested to lease 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 and known as Main Channel Parcels 35.02, 35.03, 35.04, 37.03 for intermodal and container storage. On April 23, 2015, the Board of Commissioners authorized the commencement of statutory leasing procedures of the subject property. As part of its due diligence, Cub has requested to enter the property to perform soil borings. Cub is proposing to take 18 soil borings to help aid in its site development plans.
The technical departments have reviewed this request and have no objections to Cub’s use of the land for this purpose. A document preparation fee of $2,500 is recommended.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize and approve the issuance of a 30-day permit to Cub Terminal, LLC to conduct soil borings on 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, 37.03. Consideration shall be $2,500.00.
It is further 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 permit after same is approved by the General Counsel as to form and legality.
Requested, Ronald M. Hill, General Counsel, RMH:STM:nhb
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 October 15, 2015
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