TRANSMITTAL LETTER FOR BOARD MEETING OF OCTOBER 20, 2016
COMMITTEE ON PROCUREMENT
Mr. David St. Pierre, Executive Director
Title
Authorization to accept initial annual rental bid for Contract 16-364-11 Proposal to Lease for ten (10) years approximately 6.5 acres of District real estate located at 3615 Oakton Street in Skokie, Illinois; North Shore Channel Parcels 5.01, 5.02, 5.03 from Skokie Motor Sales, Inc. in the amount of $342,360.00
Body
Dear Sir:
At its meeting of August 4, 2016, the District’s Board of Commissioners authorized the Director of Procurement and Materials Management to advertise Contract 16-364-11 Proposal to Lease for 10-years 6.5 acres of District real estate located at 3615 Oakton Street in Skokie, Illinois; North Shore Channel Parcels 5.01, 5.02 and 5.03. The minimum acceptable annual rental bid was established at $342,360.00.
One bid was received for the subject proposal and was opened on September 20, 2016. The bid was received from Skokie Motor Sales, Inc. (“Skokie Motor”) for a minimum initial annual rental bid of $342,360.00 (10% of the appraised fair market value). Skokie Motor’s proposed use of the site under a lease is to park cars and vehicles in conjunction with its own adjacent site used for parking new vehicles associated with its Sherman Dodge car dealership. The Sherman Dodge car dealership is located at 7601 N. Skokie Boulevard in Skokie.
The Finance Department has reviewed Skokie Motor’s financial and company background information and has reported that it demonstrates the ability to meet its financial obligations under the new proposed lease.
It is requested that the Executive Director recommend to the Board of Commissioners that it accept the initial annual rental bid for Contract 16-364-11 Proposal to Lease for ten (10) years approximately 6.5 acres of District real estate located at 3615 Oakton Street in Skokie, Illinois; North Shore Channel Parcels 5.01, 5.02 and 5.03 from Skokie Motor Sales, Inc. in the amount of $342,360.00.
It is 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 the lease agreement after it has been approved by the General Counsel as to form and legality.
Requested, Ronald M. Hill, General Counsel, RMH:SM:vp
Recommended, Darlene A. LoCascio, Director of Procurement and Materials Management
Recommended, David St. Pierre, Executive Director
Respectfully Submitted, Barbara J. McGowan, Chairman Committee on Procurement
Disposition of this agenda item will be documented in the official Regular Board Meeting Minutes of the Board of Commissioners for October 20, 2016
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