TRANSMITTAL LETTER FOR BOARD MEETING OF NOVEMBER 5, 2015
COMMITTEE ON REAL ESTATE
David St. Pierre, Executive Director
Title
Authority to commence statutory procedures to lease approximately 4.10 acres of vacant District real estate located at 16500 Industrial Park Drive in unincorporated Cook County, Illinois; Main Channel Parcel 22.05
Body
Dear Sir:
RNR Contractors Inc. (“RNR”) has requested to lease approximately 4.10 acres of vacant District real estate located at 16500 Industrial Park Drive in unincorporated Cook County, Illinois and known as Main Channel Parcel 22.05. RNR proposes to use the site for construction related activities, including storing construction equipment, materials, machinery, and performing related repairs. The requested lease term is 39 years.
The District’s technical departments have reviewed the lease request and have no objections to leasing Main Channel Parcel 22.05.
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 4.10 acres of District real estate located at 16500 Industrial Park Drive in unincorporated Cook County, Illinois; Main Channel Parcel 22.05 upon the terms and conditions set forth herein.
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 November 5, 2015
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