TRANSMITTAL LETTER FOR BOARD MEETING OF AUGUST 3, 2017
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Consent to a license agreement between the Village of Hanover Park and Cricket Council IL LLC to construct, maintain, and utilize cricket fields on 23 acres of District real estate located south of Sycamore Avenue and north of Walnut Avenue within the District’s Hanover Park Water Reclamation Plant premises in Hanover Park, Illinois. Consideration shall be a nominal fee of $10.00
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Dear Sir:
At its meeting of December 20, 2012, the Board of Commissioners (“Board”) authorized the District to enter into a 39-year lease with the Village of Hanover Park (“Hanover Park”) on approximately 44 acres of District real estate located within the Hanover Park Water Reclamation Plant premises in Hanover Park, Illinois, for a public park and recreational purposes. The 44+ acres are comprised of a 21-acre area located along the western boundary of the Plant and a 23-acre area located south of Sycamore Avenue and north of Walnut Avenue along the eastern border of the Plant. The lease expires December 31, 2052, and is subject to an annual rent of 25% of the net revenues generated at the leased premises or $5,000.00, whichever is greater, in any given rental year whenever revenue is generated at the leased premises.
Hanover Park has requested that the District consent to a 10-year license agreement between Hanover Park and Cricket Council IL LLC (“Cricket”), which would authorize Cricket to develop, maintain, and, along with the general public, utilize cricket fields on the 23-acre area. Hanover Park has indicated Cricket will not be paying fees to it under the License Agreement.
It is requested that the Executive Director recommend to the Board of Commissioners that it consent to a license agreement between the Village of Hanover Park and Cricket Council IL LLC to construct, maintain, and utilize cricket fields on 23 acres of District real estate located south of Sycamore Avenue and north of Walnut Avenue within the District’s Hanover Park Water Reclamation Plant premises in Hanover Park, Illinois. Consideration shall be a nominal fee of $10.00.
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 the consent after it is approved by the Acting General Counsel as to form and legality.
Requested, Susan T. Morakalis, Acting General Counsel, STM:CMM: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 August 3, 2017
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