TRANSMITTAL LETTER FOR BOARD MEETING OF NOVEMBER 5, 2015
COMMITTEE ON REAL ESTATE
David St. Pierre, Executive Director
Title
Authority to issue a five (5) year permit to The 670 Parking Condominium Association to install and maintain a gutter system between the District’s Main Office Building and the Ritz-Carlton Residences at 625 North Michigan Avenue in Chicago, Illinois. Consideration shall be a nominal fee of $10.00
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Dear Sir:
The 670 Parking Condominium Association (“670 Parking”) owns the indoor parking facility that serves and is a part of the Ritz-Carlton Residences (“Ritz”) located immediately east of the District’s Main Office Building (“MOB”). The Ritz is a 40-story building.
The Ritz and MOB are separated by only one or two feet near the northeast corner of MOB. During rain events, stormwater trickling down the Ritz collects in this narrow gap, causing wear and tear to the sides and foundations of both buildings. The gap also traps debris floating in the air which accumulates over time. To avoid any potential damage and abate nuisances that may be caused by the existence of this gap, 670 Parking has offered to install a gutter system at the northeast corner that will span the narrow gap between the two buildings at the height of the MOB’s building and will capture stormwater and collect stray debris from becoming trapped. The captured stormwater will drain through the Ritz’s drainage system.
Installation of the system will require 670 Parking to access the MOB roof. Construction is expected to take approximately 30 days. However, maintenance of the system will be ongoing. A five (5) year permit is recommended to allow the installation and ongoing maintenance.
The District’s technical departments have no objections to the request for a 5-year permit to construct and maintain a gutter system. All construction and maintenance costs will be borne exclusively by 670 Parking. Since the system will equally benefit the District, a nominal fee of $10.00 for the permit is recommended.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize and approve the issuance of a five (5) year permit to The 670 Parking Condominium Association to install and maintain a gutter system between the District’s Main Office Building and the Ritz-Carlton Residences at 625 North Michigan Avenue in Chicago, Illinois. Consideration shall be a nominal fee of $10.00.
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, Eileen McElligott, Administrative Services Manager, RMH:EM: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 November 5, 2015
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