TRANSMITTAL LETTER FOR BOARD MEETING OF APRIL 20, 2017
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Authorize and approve entry into a 10-year easement agreement with Mt. Prospect Horizon LP for District use of an approximately 34.5’ x 47’ parcel of land located at Kensington and Wolf Roads in Mt. Prospect, Illinois for a chemical dosing station. Consideration shall be a fee of $6,850.00
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Dear Sir:
On June 1, 2002, the District entered into an agreement with Commonwealth Edison Company (“ComEd”) whereby ComEd authorized the District to enter the property located at Kensington and Wolf Roads in Mt. Prospect, Illinois, to install and maintain a chemical dosing station. The chemical dosing station consists of a 5,400-gallon aboveground chemical tank and small enclosure for chemical pumps and controls. The facility delivers small amounts of calcium nitrate solution for controlling odor and corrosion in the District’s intercepting sewers and in the deep tunnel system.
The easement has been extended for 5 year intervals since 2002. The current easement expires May 31, 2017. The current annual fee is $2,000.00. The District’s technical departments have indicated the need to continue to use the dosing station and have requested a new 10-year easement. The property was recently purchased by Mt. Prospect Horizon LP and the new easement will be from this entity.
A one-time lump sum easement fee of $6,850.00 is recommended as such fee represent the appraised fair market value of the easement premises.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize and approve the entry into a 10-year easement agreement with Mt. Prospect Horizon LP for District use of an approximately 34.5’ x 47’ parcel of land located at Kensington and Wolf Roads in Mt. Prospect, Illinois, for a chemical dosing station. Consideration shall be a fee of $6,850.00.
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:vp
Recommended, David St. Pierre, Executive Director
Respectfully Submitted, David J. Walsh, 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 April 20, 2017
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