TRANSMITTAL LETTER FOR BOARD MEETING OF OCTOBER 5, 2017
COMMITTEE ON REAL ESTATE
Mr. David St. Pierre, Executive Director
Title
Authority to amend lease agreement dated October 7, 1993, between the District and the Alsip Park District to surrender a 0.074 acre portion of its 79.931 acre leasehold located at the northwest corner of Route 83 and 127th Street in Alsip, Illinois, and known as part of Cal-Sag Channel Parcel 11.03. Consideration shall be $10.00
Body
Dear Sir:
The Alsip Park District (“Alsip”) currently leases the subject 79.931 acres known as Cal-Sag Channel Parcels 11.02, 11.03, 12.01, 12.03, 12.11 and part of Parcel 10.03 for public recreational use and for the construction, operation and maintenance of the Cal-Sag Trail, a bicycle/pedestrian path. The lease commenced November 1, 1993, and as amended, expires October 31, 2052. The annual rent is $10.00.
Alsip has requested to surrender 0.074 acres of its 79.931 acre leasehold, thereby reducing the acreage from 79.931 acres to 79.857 acres, so that the District can commence statutory leasing procedures for a new long-term lease on that section of the site. The 0.074 acres is located on an unused area of Parcel 11.03. SMK3 LLC (“SMK3”) owns a restaurant establishment immediately south of this parcel and has requested to lease this site for use as a driveway in conjunction with the restaurant’s operations. Any lease on this surrendered portion of this site will be obtained through the District’s statutory leasing process. Surrendering the subject 0.074 acre section will not affect the construction or operation of the Cal-Sag Trail in any way.
The technical departments have no objections to this lease request by SMK3.
It is requested that the Executive Director recommend to the Board of Commissioners that it authorize an amendment to the lease agreement dated October 7, 1993, between the District and the Alsip Park District to surrender a 0.074 acre portion of its 79.931 acre leasehold located at the northwest corner of Route 83 and 127th Street in Alsip, Illinois, and known as part of Cal-Sag Channel Parcel 11.03. Consideration shall be $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 amendment agreement and any other related documents after they are approved by the Acting General Counsel as to form and legality.
Requested, Susan T. Morakalis, Acting General Counsel, STM:CMM:JDC:nl
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 October 5, 2017
Attachment