TRANSMITTAL LETTER FOR BOARD MEETING OF OCTOBER 20, 2016
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Authority to grant a 25-year, 2,624.20’ x 20’ non-exclusive easement to Commonwealth Edison Company to install, maintain, operate, repair, replace and remove electrical transmission lines and facilities on a portion of District Main Channel Parcels 19.01 and 19.04 in Will County, Illinois. Consideration shall be an initial annual fee of $5,000.00
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Dear Sir:
Commonwealth Edison Company (“ComEd”) has requested a 25-year, 2,624.20’ x 20’ (52,484 sq. ft.) non-exclusive easement to install, maintain, operate, repair, replace and remove electrical transmission lines and facilities on District Main Channel Parcels 19.01 and 19.04 to provide additional electrical services to the U.S. Army Corps of Engineers’ (“Corps”) aquatic nuisance barriers located north of 135th Street in Will County, Illinois. ComEd currently provides electrical service to the fish barriers, however, additional service is needed requiring the installation of additional lines and facilities.
The District’s technical departments have reviewed ComEd’s request for the 25-year easement and have no objections thereto.
It is recommended that an initial annual fee of $5,000.00 be assessed as 10% of the fair market value of the easement premises would yield a fee less than the District's minimum fee of $5,000.00.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize the grant of a 25-year, 2,624.20’ x 20’ non-exclusive easement to Commonwealth Edison Company to install, maintain, operate, repair, replace and remove electrical transmission lines and facilities on a portion of District Main Channel Parcels 19.01 and 19.04 in Will County, Illinois. Consideration shall be an initial annual fee of $5,000.00.
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 easement agreement on behalf of the District after it is approved by the General Counsel as to form and legality.
Requested, Ronald M. Hill, General Counsel, RMH:STM:MM
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 20, 2016
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