TRANSMITTAL LETTER FOR BOARD MEETING OF DECEMBER 15, 2016
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Authority to grant a 50-year, 25’ x 1,000’ non-exclusive easement to Hanson Material Service Corporation to access, maintain, repair, and reconstruct an existing roadway and bridge on Main Channel Parcel 16.04 in Lockport, Will County, Illinois. Consideration shall be an annual fee of $5,000.00
Body
Dear Sir:
Hanson Material Service Corporation (“Hanson”) has requested a 50-year, 25’ x 1,000’ non-exclusive easement across a District owned bridge and District Main Channel Parcel 16.04 (“Parcel 16.04”) located west of the Des Plaines River and north of 9th Street in Lockport, Will County, Illinois. The District uses the bridge and Parcel 16.04 to access the Controlling Works. Parcel 16.04 is otherwise currently vacant. Hanson has requested this easement for additional ingress and egress to its adjacent land, where it manufactures and distributes construction materials. Additionally, the roadway leading to the bridge is owned by Hanson but is used by District staff to access the bridge and Parcel 16.04. This easement will allow the District and its tenants to perpetually use this private road owned by Hanson.
The technical departments have reviewed Hanson’s request and have no objections thereto. A fair market value fee of the easement premises would yield a fee less than the District’s minimum $5,000.00 fee. The District’s minimum annual fee of $5,000.00 is therefore recommended. Because Hanson will be maintaining the bridge throughout the term of the easement, thereby transferring maintenance responsibilities to Hanson, and because the District is obtaining access rights through Hanson’s private road, a waiver of the annual CPI adjustments is recommended in this instance. Transferring these maintenance responsibilities for the period of this easement will result in considerable savings to the District.
It is requested that the Executive Director recommend to the Board of Commissioners that it grant a 50-year, 25’ x 1,000’ non-exclusive easement to Hanson Material Service Corporation to access, maintain, repair, and reconstruct an existing roadway and bridge located on Main Channel Parcel 16.04 in Lockport, Will County, Illinois. Consideration shall be an 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 after it is approved by the General Counsel as to form and legality.
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 December 15, 2016
Attachment